Arab League chief Ahmed Aboul Gheit leads an urgent virtual meeting of foreign ministers on the conflict in Libya after Egypt's request. AFP
Arab League chief Ahmed Aboul Gheit leads an urgent virtual meeting of foreign ministers on the conflict in Libya after Egypt's request. AFP
Arab League chief Ahmed Aboul Gheit leads an urgent virtual meeting of foreign ministers on the conflict in Libya after Egypt's request. AFP
Arab League chief Ahmed Aboul Gheit leads an urgent virtual meeting of foreign ministers on the conflict in Libya after Egypt's request. AFP

Arab League calls for de-escalation in Libya and withdrawal of mercenaries


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The Arab League has sought to reduce tension in Libya, throwing its weight behind Egyptian plans for a ceasefire and a road map to peace.

In a video conference on Tuesday, League foreign ministers passed a resolution calling for an immediate ceasefire and rejected “all illegitimate foreign interference” in Libya.

The resolution also expressed its support for Egyptian proposals, announced on June 6, to end the conflict.

They included a return to UN-sponsored talks and the departure of foreign troops and mercenaries from Libya, a reference to Turkey and the thousands of Syrian fighters it sent.

“A political settlement among all Libyans, regardless of their affiliations, is the only solution to restore stability and security, and the elimination of terrorism,” the resolution said.

“The council expressed its extreme concern that the foreign military escalation worsens the existing crisis in Libya and poses a threat to the security and stability of the entire region, including the Mediterranean.”

The text of Tuesday’s resolution said Qatar, Tunisia and Somalia had reservations about parts of it.

Egypt's calls for an immediate ceasefire in Libya and a return to peace talks was backed by Gulf states including the UAE, and welcomed by European nations and the US.

But after Cairo’s peace plan was rejected by the Government of National Accord in Tripoli and its Turkish backers, Egypt said it could intervene in Libya to protect its western border.

Ankara has turned the tide of Libya’s civil war with air support and thousands of mercenaries to end a year-long offensive on Tripoli by Field Marshal Khalifa Haftar's Libyan National Army.

On Saturday, Egyptian President Abdel Fattah El Sisi told members of his air force and special forces near the Libyan border that they should be ready for combat missions outside their country if needed.

Mr El Sisi said an attack by GNA forces on the coastal city of Sirte and central Al Jufra was a “red line” for Egypt’s security.

For years, Cairo complained about militant groups in Libya, saying they posed a threat to Egyptian national security.

Libya has been mired in violence since a 2011 uprising that removed and killed dictator Muammar Qaddafi.

Egypt blames militants in Libya for attacks against Cairo's security forces and minority Christians in recent years.

It says weapons smuggled across the countries’ desert border since 2011 have fuelled an insurgency by militants in the northern Sinai Peninsula.

“Egypt has long warned against the danger of terrorism in Libya,” Egyptian Foreign Minister Sameh Shoukry said at Tuesday’s Arab League meeting.

“Egypt does not and will not tolerate terrorism and its backers, and will not hesitate to take measures to prevent Libya from falling prey to terrorist groups and armed militias.”

Tension between Egypt and Turkey are also ideological.

The nations have been at odds since 2013, when Mr El Sisi, who was Egypt's defence minister at the time, led a military uprising against the Muslim Brotherhood's Mohammed Morsi, who had Ankara’s support.

Cairo has since accused Turkey of supporting armed groups across the region.

On Monday, France said it would not tolerate Turkish involvement in Libya.

French President Emmanuel Macron, who met Tunisian leader Kais Saied in Paris, said Turkey was playing a “dangerous game” in Libya and was “in breach of all its commitments” to the country.

Mr Macron accused Ankara of disregarding Libya’s arms embargo, to which it recommitted in January at a conference in Berlin.

He said Mr El Sisi’s security concerns were legitimate.

On Tuesday, Turkey's Foreign Ministry accused France of backing Field Marshal Haftar’s forces. Paris insists it is neutral.

The counter-offensive in western Libya has forced US re-engagement in the country and Washington accused Russia of involvement.

On Tuesday, the US called for de-escalation in Libya and warned of “the dangers posed” by Russian-sponsored Wagner mercenary operations in Libya.

Russia has repeatedly denied the presence of the mercenary group in Libya.

On Monday, the UN’s International Follow-up Committee on Libya, co-chaired by the Arab League, welcomed talks that sought to build on the Berlin conference.

The committee repeated its concerns over human rights breaches in Libya and the flouting of its weapons embargo, and called for the withdrawal of all foreign mercenaries and military forces.

Figures from the UN refugee agency show the number of migrants who arrived in Italy in the past two weeks, by far most of whom come from Libya across the Mediterranean, has almost doubled compared with the same period last year.

In the first four months of this year, the numbers were up on 2019, with almost 25 per cent of the arrivals in Italy being children.

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The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

Results:

Men's wheelchair 800m T34: 1. Walid Ktila (TUN) 1.44.79; 2. Mohammed Al Hammadi (UAE) 1.45.88; 3. Isaac Towers (GBR) 1.46.46.

Super 30

Produced: Sajid Nadiadwala and Phantom Productions
Directed: Vikas Bahl
Cast: Hrithik Roshan, Pankaj Tripathi, Aditya Srivastav, Mrinal Thakur
Rating: 3.5 /5

The five pillars of Islam
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Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
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Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.

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.”

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

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At a glance

- 20,000 new jobs for Emiratis over three years

- Dh300 million set aside to train 18,000 jobseekers in new skills

- Managerial jobs in government restricted to Emiratis

- Emiratis to get priority for 160 types of job in private sector

- Portion of VAT revenues will fund more graduate programmes

- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government

The Good Liar

Starring: Helen Mirren, Ian McKellen

Directed by: Bill Condon

Three out of five stars

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

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Politics in the West
The biog

Name: Marie Byrne

Nationality: Irish

Favourite film: The Shawshank Redemption

Book: Seagull by Jonathan Livingston

Life lesson: A person is not old until regret takes the place of their dreams

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

MATCH INFO

Delhi Daredevils 174-4 (20 ovs)
Mumbai Indians 163 (19.3 ovs)

Delhi won the match by 11 runs

Results:

6.30pm: Al Maktoum Challenge Round-2 (PA) | Group 1 US$75,000 (Dirt) | 2,200 metres

Winner: Goshawke, Fernando Jara (jockey), Ali Rashid Al Raihe (trainer)

7.05pm: UAE 1000 Guineas (TB) | Listed $250,000 (D) | 1,600m

Winner: Silva, Oisin Murphy, Pia Brendt

7.40pm: Meydan Classic Trial (TB) | Conditions $100,000 (Turf) | 1,400m

Winner: Golden Jaguar, Connor Beasley, Ahmad bin Harmash

8.15pm: Al Shindagha Sprint (TB) | Group 3 $200,000 (D) | 1,200m

Winner: Drafted, Pat Dobbs, Doug Watson

8.50pm: Handicap (TB) | $175,000 (D) | 1,600m

Winner: Capezzano, Mickael Barzalona, Sandeep Jadhav

9.25pm: Handicap (TB) | $175,000 (T) | 2,000m

Winner: Oasis Charm, William Buick, Charlie Appleby

10pm: Handicap (TB) | $135,000 (T) | 1,600m

Winner: Escalator, Christopher Hayes, Charlie Fellowes

Places to go for free coffee
  • Cherish Cafe Dubai, Dubai Investment Park, are giving away free coffees all day. 
  • La Terrace, Four Points by Sheraton Bur Dubai, are serving their first 50 guests one coffee and four bite-sized cakes
  • Wild & The Moon will be giving away a free espresso with every purchase on International Coffee Day
  • Orange Wheels welcome parents are to sit, relax and enjoy goodies at ‘Café O’ along with a free coffee
The Bio

Ram Buxani earned a salary of 125 rupees per month in 1959

Indian currency was then legal tender in the Trucial States.

He received the wages plus food, accommodation, a haircut and cinema ticket twice a month and actuals for shaving and laundry expenses

Buxani followed in his father’s footsteps when he applied for a job overseas

His father Jivat Ram worked in general merchandize store in Gibraltar and the Canary Islands in the early 1930s

Buxani grew the UAE business over several sectors from retail to financial services but is attached to the original textile business

He talks in detail about natural fibres, the texture of cloth, mirrorwork and embroidery 

Buxani lives by a simple philosophy – do good to all

Greatest Royal Rumble results

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AJ Styles remains WWE World Heavyweight champion after he and Shinsuke Nakamura are both counted out

The Undertaker beats Rusev in a casket match

Brock Lesnar retains the WWE Universal title against Roman Reigns in a steel cage match

Braun Strowman won the 50-man Royal Rumble by eliminating Big Cass last