A man carries sacks of humanitarian aid in Rafah on Sunday. Humanitarian workers have said that getting aid into Gaza through its land borders is the most effective way to save lives. AFP
A man carries sacks of humanitarian aid in Rafah on Sunday. Humanitarian workers have said that getting aid into Gaza through its land borders is the most effective way to save lives. AFP
A man carries sacks of humanitarian aid in Rafah on Sunday. Humanitarian workers have said that getting aid into Gaza through its land borders is the most effective way to save lives. AFP
A man carries sacks of humanitarian aid in Rafah on Sunday. Humanitarian workers have said that getting aid into Gaza through its land borders is the most effective way to save lives. AFP


Gazans need more than last-resort aid options


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  • Arabic

March 07, 2024

Aid workers know that when it comes to getting life-saving food, medicine and shelter to people in need, the most important requirement is access. Reaching vulnerable people after a natural disaster or a major accident is one thing; reaching them during a war is quite another.

The recent US operation to drop food over parts of Gaza from military planes was illustrative. It not only undermined for Americans watching back home any claim that Israel’s forces are engaged in a precise counter-terrorism operation – such air drops are more characteristic of wartime and enforced siege – it also showed how restricted access to the ruined enclave is resulting in a haphazard and inadequate humanitarian intervention.

Of course, anything that staves off the starvation afflicting so many of Gaza’s targeted civilians ought to be welcomed, and the US aid drops were a sign that Washington is becoming less blind to Palestinians' plight. But the sight of payloads landing in the sea, Palestinians being drawn out into the open to reach the supplies and the absence of proper distribution networks – many Palestinian aid workers have been killed or displaced – all demand a better response from the international community and a change from the Israeli authorities.

A convoy of aid lorries pictured on February 13 waits about 300km east of the Egyptian border with Gaza, on its way to the Rafah crossing. Gaza was dependent on aid even before the war but the situation has worsened since October 7. EPA
A convoy of aid lorries pictured on February 13 waits about 300km east of the Egyptian border with Gaza, on its way to the Rafah crossing. Gaza was dependent on aid even before the war but the situation has worsened since October 7. EPA

One strategy that appears to be gaining diplomatic traction is that of establishing a maritime aid corridor to deliver aid by sea. The idea has merit. If executed properly, it could supplement the air drops and go some way to meeting the World Food Programme’s estimate that Gaza needs about 4,000 tonnes of food weekly. So far, the aid provided by air has been much less than the required amount.

Gaza was dependent on aid even before the war, but the situation has worsened. The Palestinian Red Crescent has said that from October 21 to the start of February, fewer than 100 lorries carrying aid reached Gaza through the Rafah and Kerem Shalom crossings. This is a major reduction of the 500 or so aid lorries entering the territory before the war. The amount of food, water and medical supplies currently entering Gaza is insufficient to meet the needs of more than two million men, women and children trying to survive in a war zone.

Aid into a Gaza is a trickle of what is required and calls for a different approach. European Commission President Ursula von der Leyen said on Tuesday that the EU supports the implementation of a Cypriot plan for such maritime corridor and the US State Department this week said it wanted to help establish “a comprehensive aid strategy that includes air, land and sea routes to maximise the flow of humanitarian aid”.

But organising an operation like this is a mammoth undertaking. A large navy would be needed to deliver the continuous aid required. Given that the enclave's major port has been damaged, such a plan would also need to figure out how to get aid from the dock and into Gaza. Even then, prioritising the distribution of aid to those who need it most would be a major challenge given the anarchy currently reigning there. Finally, all of these strategies are compounded by the difficulty of delivering aid without a prolonged ceasefire, something that is currently opposed by the Israeli government.

In reality, unnecessarily complex and laborious aid efforts that require significant military resources are last-resort options, and not what Gaza needs. Humanitarian workers have made it clear that getting aid into the enclave through its land borders is the most effective way to save lives. If the US – a military superpower with vast resources – truly wants to deliver on its stated desire to get aid into Gaza, then it must put pressure on its ally to open the land crossings and call a ceasefire. Every day that passes is a day in which more Gazan civilians die – there is no more time to waste.

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Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

MATCH INFO

Liverpool 2 (Van Dijk 18', 24')

Brighton 1 (Dunk 79')

Red card: Alisson (Liverpool)

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag

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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The specs

Engine: 4.0-litre V8

Power: 503hp at 6,000rpm

Torque: 685Nm at 2,000rpm

Transmission: 8-speed auto

Price: from Dh850,000

On sale: now

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