When US President Donald Trump staked his name on a 20-point plan to end the war in Gaza and chart a path towards a new Middle East, pledging to personally oversee its implementation, he didn’t do so on a whim. The drafting of the plan and its subsequent revisions were shaped by inputs from leaders of the Arab and Islamic world.
Embedded in it is a widespread recognition of the harm done to the Palestinian people by both the Hamas-led attack on October 7, 2023 and Israel’s violent response that continues to this day. Also implicit is an outright rejection of the logic of armed struggle to liberate Palestinians.
To be sure, beyond the broader vision to foster the conditions for peace in the region, the countries involved in the crafting of the plan have had their own motivations to do so.
Egypt’s interest, for example, was partly rooted in its opposition to the displacement of Gaza’s population into its borders for fear that this could lead to Muslim Brotherhood elements moving in as well. Indeed, the current Israeli government’s forced displacement policy has been motivated by its aim to not only take over Palestinian lands but also to push Muslim Brotherhood elements into neighbouring Egypt and Jordan.
Mr Trump’s plan seeks to halt and effectively replace this project with one involving voluntary migration for Palestinians.
The US President’s New York meeting with several Arab and Islamic leaders last month was significant because he finally appeared convinced that Israel’s schemes to destabilise its neighbourhood are not in the US’s interests. Equally important was the commitment made by key Arab and Islamic countries at the meeting to withdraw any form of support for Hamas.
These leaders anchored their position in the collective pursuit of international recognition for a Palestinian state, and in the pledge made by Palestinian Authority President Mahmoud Abbas that any such state would be demilitarised.
There is a consensus among the plan’s drafters that the only way to save Palestinian lives from Israel’s full-blown assault is to encourage Hamas to surrender. At the time of writing, it was unclear whether Hamas would accept Mr Trump’s plan.
For its part, Iran also appears to have been forced to abandon its Gazan proxies, including Hamas, no matter how loudly it claims that it still leads the so-called Axis of Resistance. Today this coalition of militias lies in tatters, and should be deemed an axis of failure.
Of course, it could also be argued that countries which pursued the negotiation track with Israel have also failed, as evidenced by decades of unsuccessful attempts – such as the Middle East Peace Process as well as the Madrid and Oslo agreements – to reach a peaceful resolution to the Palestine-Israel conflict.
The reality today is that Israel’s neighbours are unable to confront it militarily
Israel has consistently rejected Arab peace offers, claiming there is no credible partner for peace, while extremists within the Israeli system have intended all along to implement their Judea and Samaria projects in the occupied territories. It is also a fact that successive US administrations have pampered Israel over the decades, letting it repeatedly break international laws, grab Arab lands and forcibly displace their inhabitants.
The reality today is that Israel’s neighbours are unable to confront it militarily.
Today’s Syria is no longer the Syria that self-servingly claimed to adopt the Palestinian cause and hosted armed Palestinian factions. Today’s Syria is seeking security arrangements with Israel and is ready to sign a deal, thus potentially becoming Israel’s third neighbour alongside Egypt and Jordan to sign a peace treaty.
Lebanon’s political balance remains tilted in Iran’s favour, but it may eventually free itself from Tehran’s grip under the pressures of reality, to become the last neighbour to board the peace train with Israel.
All of this is because armed resistance is no longer a viable option, whether it is directed from the Lebanese-Israeli border or from the Syrian-Israeli border. In other words, the Axis of Resistance is over.
Some will argue that the Palestinian cause is also over. Well, history has no doubt inflicted profound injustice on the Palestinian people, turning their cause into a calamity and their lands into playing fields for other countries. Palestinians are victims of the world and of their own leadership that, for decades, has been divided between armed resistance, diplomacy and vested interests.
One can certainly make the case today that the logic of armed resistance has been consigned to history.
How to improve Arabic reading in early years
One 45-minute class per week in Standard Arabic is not sufficient
The goal should be for grade 1 and 2 students to become fluent readers
Subjects like technology, social studies, science can be taught in later grades
Grade 1 curricula should include oral instruction in Standard Arabic
First graders must regularly practice individual letters and combinations
Time should be slotted in class to read longer passages in early grades
Improve the appearance of textbooks
Revision of curriculum should be undertaken as per research findings
Conjugations of most common verb forms should be taught
Systematic learning of Standard Arabic grammar
Breast cancer in men: the facts
1) Breast cancer is men is rare but can develop rapidly. It usually occurs in those over the ages of 60, but can occasionally affect younger men.
2) Symptoms can include a lump, discharge, swollen glands or a rash.
3) People with a history of cancer in the family can be more susceptible.
4) Treatments include surgery and chemotherapy but early diagnosis is the key.
5) Anyone concerned is urged to contact their doctor
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Short-term let permits explained
Homeowners and tenants are allowed to list their properties for rental by registering through the Dubai Tourism website to obtain a permit.
Tenants also require a letter of no objection from their landlord before being allowed to list the property.
There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.
Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
UAE currency: the story behind the money in your pockets
The specs
Engine: 3.8-litre, twin-turbo V8
Transmission: eight-speed automatic
Power: 582bhp
Torque: 730Nm
Price: Dh649,000
On sale: now
U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
- Saturday 15 January: UAE beat Canada by 49 runs
- Thursday 20 January: v England
- Saturday 22 January: v Bangladesh
UAE squad:
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith
The specs: 2018 Audi R8 V10 RWS
Price: base / as tested: From Dh632,225
Engine: 5.2-litre V10
Gearbox: Seven-speed automatic
Power: 540hp @ 8,250rpm
Torque: 540Nm @ 6,500rpm
Fuel economy, combined: 12.4L / 100km
match info
Union Berlin 0
Bayern Munich 1 (Lewandowski 40' pen, Pavard 80')
Man of the Match: Benjamin Pavard (Bayern Munich)
UAE currency: the story behind the money in your pockets