Egypt's ambassador to the EU, Badr Abdelatty attends a press conference on the Israel-Gaza war organised by the Organisation of Islamic Co-operation in Brussels. Sunniva Rose / The National
Egypt's ambassador to the EU, Badr Abdelatty attends a press conference on the Israel-Gaza war organised by the Organisation of Islamic Co-operation in Brussels. Sunniva Rose / The National
Egypt's ambassador to the EU, Badr Abdelatty attends a press conference on the Israel-Gaza war organised by the Organisation of Islamic Co-operation in Brussels. Sunniva Rose / The National
Egypt's ambassador to the EU, Badr Abdelatty attends a press conference on the Israel-Gaza war organised by the Organisation of Islamic Co-operation in Brussels. Sunniva Rose / The National

It's not the time to discuss post-war Gaza, says Palestinian ambassador


Sunniva Rose
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Live updates: Follow the latest on Israel-Gaza

European countries must stop discussing what post-war Gaza will look like and instead focus on calling for a ceasefire and ending the conflict, the Palestinian ambassador to the EU, Abdelrahim Alfarra, has told The National.

There has been no formal EU proposal about how Gaza should be managed after the war, but ideas currently "floating around EU corridors" include the deployment of a UN peacekeeping force in the enclave or placing it under civilian Egypt control, Mr Alfarra said.

"The war must be stopped and there needs to be a cease-fire, then we can think about what can be done," said Mr Alfarra.

Mr Alfarra said he was disappointed by the EU's refusal to call for a ceasefire. Its 27 leaders said in a joint statement on October 26 that "humanitarian corridors and pauses for humanitarian needs" were necessary.

The EU's humanitarian aid chief, Janez Lenarcic, on Monday called for "meaningful" pauses in the fighting in Gaza and the urgent delivery of fuel to keep hospitals operational.

More than 11,000 Palestinians have died in retaliatory fire after a Hamas attack on Israel killed about 1,200 Israelis on October 7. Israel has vowed to destroy Hamas after they took about 240 hostages.

Hospitals in the centre of the heaviest fighting in Gaza have been forced out of service amid shortages and fierce combat, according to local authorities.

Men walk along the border with the Gaza Strip in southern Israel amid battles between Israel and the Palestinian militant group Hamas. AFP
Men walk along the border with the Gaza Strip in southern Israel amid battles between Israel and the Palestinian militant group Hamas. AFP

The EU's 27 countries stated that hospitals "must be protected" and condemned Hamas for using the medical facilities and civilians as "human shields".

The bloc demanded "immediate humanitarian pauses" to allow desperately needed aid into the besieged territory in a statement on Sunday.

Some EU leaders such as France's President Emmanuel Macron have called for a ceasefire but this is not a consensual position among all EU countries.

President of the European Commission Ursula von der Leyen suggested last week that an international peace force under UN mandate may be deployed in Gaza once the conflict between Hamas and Israel is over.

Ms von der Leyen also warned that there could be no long-term Israeli security presence in Gaza.

Asked what he thought of such proposals, Mr Al Farra said: "I told Ms von der Leyen's cabinet that it's not the time to discuss Gaza's future."

A representative for Ms von der Leyen told The National that the EU’s position on the conflict has been defined by heads of state and government in the latest European Council meeting.

"The President of the Commission put forward a series of principles for the post-conflict period because it is essential to start thinking about “the day after"," said Eric Mamer.

Egypt's ambassador to the EU Badr Abdelatty also dismissed the idea of discussing post-war Gaza as "ridiculous" at this stage.

"It's ridiculous to talk about the future of Gaza with the continuation of mass killings of civilians," said Mr Abdelatty.

"We will not allow anybody to talk about the day after without addressing the concerns and conditions of today," he added.

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World ranking: 15 (will rise to 5 on Monday)

Date of birth: October 8, 1993

Place of birth: Caracas, Venezuela

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UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

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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 insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


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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

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August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

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Updated: November 13, 2023, 9:26 PM