Palestinian families hold portraits of jailed relatives during a protest calling for their release from Israeli prisons on November 23, 2009 at the Red Cross offices in Gaza City. Israeli President Shimon Peres said there has been "progress" in talks to free soldier Gilad Shalit, held captive by Palestinian militants in the Gaza Strip for the past three years. AFP PHOTO/MOHAMMED ABED *** Local Caption ***  299599-01-08.jpg *** Local Caption ***  299599-01-08.jpg
Palestinians hold portraits of jailed relatives during a protest calling for their release from Israeli prisons.

Netanyahu may seek partial limits on settlements



TEL AVIV // Benjamin Netanyahu, Israel's prime minister, is considering seeking his government's approval for a 10-month limitation on settlement construction in the Israeli-occupied West Bank. Mr Netanyahu discussed the plan with Barack Obama, the US president, during their meeting in Washington more than two weeks ago, according to reports by well-sourced commentators in the Israeli media yesterday.

The move would obligate Israel to dramatically restrict new approvals and building permits for homes in the West Bank for the 10-month period, but would still allow the country to continue building houses and public buildings that have already obtained the official nod, according to the reports. Any such limitation would not apply to Jewish neighbourhoods in mostly Arab East Jerusalem. While the plan falls short of Palestinian demands for a total freeze on Jewish settlements, Mr Netanyahu is believed to be hoping that it would nevertheless be accepted by both the Obama administration and the Palestinians as a significant Israeli gesture towards the renewal of stalled peace talks.

Washington has so far not said whether it would support Israeli building restrictions that do not fulfil its previous call for a complete construction moratorium for at least one year. However, Hillary Clinton, the US secretary of state, signalled a change of tone last month when she praised Mr Netanyahu during her visit in Israel for offering "unprecedented" concessions on West Bank construction, but did not elaborate on the details of his offer.

For months, George Mitchell, the top US envoy to the Middle East, has been working to try to seal what he has called a comprehensive deal under which Israel would freeze settlement activity in return for Arab states taking steps to normalise ties with Israel. While his efforts have so far yielded few tangible results, there are indications of progress. Yossi Gal, the director-general of Israel's foreign ministry, held secret meetings with top officials in Oman - including the foreign minister, Yusuf bin Alawi Abdallah - this week during a visit in Muscat by an Israeli delegation, according to a report yesterday in Haaretz, a liberal Israeli newspaper.

Mr Gal, whose official reason to visit Oman was to attend an international conference on the desalination of water, is looking to renew Israel's diplomatic ties with Oman, which shut the Israeli embassy in Muscat when the second Palestinian Intifada began in 2000. The newspaper reported that Oman has hinged its acceptance for the resumption of relations on an Israeli settlement freeze. Mr Netanyahu's plan to seek his cabinet's approval for a settlement freeze is taking place in parallel to his efforts to clinch a deal with Hamas on a prisoner swap.

Any such agreement, under which Israel would release hundreds of Palestinian prisoners in exchange for Sgt Gilad Shalit, an Israeli soldier captured in 2006 and held in the Hamas-ruled Gaza Strip ever since, would also need to pass a governmental vote. As media speculation gathered pace this week on a possible deal in coming days, the top Israeli newspapers reported yesterday that Mr Netanyahu is likely to obtain a slim majority of the 30 ministers in his predominantly right-wing governing coalition to support carrying out the exchange, but he faces opposition.

Perhaps as a negotiating tactic, the Israeli premier has made attempts this week to play down prospects for an imminent prisoner swap. In the meantime, though, some other senior Israeli officials have expressed more optimism for a possible breakthrough. Benjamin Ben-Eliezer, Israel's infrastructure minister, told an Israeli radio station yesterday from Turkey, where he is on a visit: "I think that we are very close to a deal on an exchange. There will be a high price to pay, but I think the government will approve it. This deal will prove to all the mothers of Israel that we are not ready to abandon a single soldier."

Mr Ben-Eliezer was referring to the concern of some Israeli officials that a failure to bring back Sgt Shalit would discourage young men eligible to serve in the army from opting to join combat units. vbekker@thenational.ae

A MAN FROM MOTIHARI

Author: Abdullah Khan
Publisher: Penguin Random House
Pages: 304
Available: Now

LA LIGA FIXTURES

Friday Athletic Bilbao v Celta Vigo (Kick-off midnight UAE)

Saturday Levante v Getafe (5pm), Sevilla v Real Madrid (7.15pm), Atletico Madrid v Real Valladolid (9.30pm), Cadiz v Barcelona (midnight)

Sunday Granada v Huesca (5pm), Osasuna v Real Betis (7.15pm), Villarreal v Elche (9.30pm), Alaves v Real Sociedad (midnight)

Monday Eibar v Valencia (midnight)

Yahya Al Ghassani's bio

Date of birth: April 18, 1998

Playing position: Winger

Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

SPECS: Polestar 3

Engine: Long-range dual motor with 400V battery
Power: 360kW / 483bhp
Torque: 840Nm
Transmission: Single-speed automatic
Max touring range: 628km
0-100km/h: 4.7sec
Top speed: 210kph
Price: From Dh360,000
On sale: September

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Sri Lanka-India Test series schedule

  • 1st Test India won by 304 runs at Galle
  • 2nd Test Thursday-Monday at Colombo
  • 3rd Test August 12-16 at Pallekele
Juliot Vinolia’s checklist for adopting alternate-day fasting

-      Don’t do it more than once in three days

-      Don’t go under 700 calories on fasting days

-      Ensure there is sufficient water intake, as the body can go in dehydration mode

-      Ensure there is enough roughage (fibre) in the food on fasting days as well

-      Do not binge on processed or fatty foods on non-fasting days

-      Complement fasting with plant-based foods, fruits, vegetables, seafood. Cut out processed meats and processed carbohydrates

-      Manage your sleep

-      People with existing gastric or mental health issues should avoid fasting

-      Do not fast for prolonged periods without supervision by a qualified expert

'Saand Ki Aankh'

Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars

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.”

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat

The specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

The stats and facts

1.9 million women are at risk of developing cervical cancer in the UAE

80% of people, females and males, will get human papillomavirus (HPV) once in their lifetime

Out of more than 100 types of HPV, 14 strains are cancer-causing

99.9% of cervical cancers are caused by the virus

A five-year survival rate of close to 96% can be achieved with regular screenings for cervical cancer detection

Women aged 25 to 29 should get a Pap smear every three years

Women aged 30 to 65 should do a Pap smear and HPV test every five years

Children aged 13 and above should get the HPV vaccine

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

Ramez Gab Min El Akher

Creator: Ramez Galal

Starring: Ramez Galal

Streaming on: MBC Shahid

Rating: 2.5/5

CONFIRMED LINE-UP

Elena Rybakina (Kazakhstan)
Ons Jabeur (Tunisia)
Maria Sakkari (Greece)
Barbora Krejčíková (Czech Republic)
Beatriz Haddad Maia (Brazil)
Jeļena Ostapenko (Latvia)
Liudmila Samsonova
Daria Kasatkina
Veronika Kudermetova
Caroline Garcia (France)
Magda Linette (Poland)
Sorana Cîrstea (Romania)
Anastasia Potapova
Anhelina Kalinina (Ukraine)
Jasmine Paolini (Italy)
Emma Navarro (USA)
Lesia Tsurenko (Ukraine)
Emma Raducanu (Great Britain) – wildcard

Veil (Object Lessons)
Rafia Zakaria
​​​​​​​Bloomsbury Academic

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

'Midnights'

Artist: Taylor Swift

Label: Republic Records

Rating: 4/5

'Tell the Machine Goodnight' by Katie Williams 
Penguin Randomhouse

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Fifa Club World Cup quarter-final

Esperance de Tunis 0
Al Ain 3
(Ahmed 02’, El Shahat 17’, Al Ahbabi 60’)

The specs

Engine: 1.5-litre, 4-cylinder turbo

Transmission: CVT

Power: 170bhp

Torque: 220Nm

Price: Dh98,900

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

'Laal Kaptaan'

Director: Navdeep Singh

Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain

Rating: 2/5

Women & Power: A Manifesto

Mary Beard

Profile Books and London Review of Books