Israeli Prime Minister Benjamin Netanyahu (right) shakes the hand of US Secretary of State Mike Pompeo following a previous meeting in Jerusalem last year. AFP
Israeli Prime Minister Benjamin Netanyahu (right) shakes the hand of US Secretary of State Mike Pompeo following a previous meeting in Jerusalem last year. AFP
Israeli Prime Minister Benjamin Netanyahu (right) shakes the hand of US Secretary of State Mike Pompeo following a previous meeting in Jerusalem last year. AFP
Israeli Prime Minister Benjamin Netanyahu (right) shakes the hand of US Secretary of State Mike Pompeo following a previous meeting in Jerusalem last year. AFP

Pompeo says annexation up to Israel, despite widespread condemnation


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US Secretary of State Mike Pompeo said on Wednesday it was up to Israel to decide whether to annex settlements in the occupied West Bank, as Israeli Prime Minister Benjamin Netanyahu has vowed to do despite international opposition.

Senior aides to US President Donald Trump met for a second day to discuss whether to give Mr Netanyahu the green light for annexation, which has drawn condemnation from the Palestinians, US Arab allies and other foreign governments.

Despite that, Mr Pompeo – speaking to reporters ahead of Netanyahu's July 1 target date – said extending Israeli sovereignty was a decision "for Israelis to make."

United Nations Secretary-General Antonio Guterres urged Israel to abandon plans to annex parts of the West Bank, warning this threatened prospects for peace with the Palestinians.

Under Mr Trump’s peace proposal unveiled in January and met with widespread skepticism, the United States would recognise the Jewish settlements – built on land the Palestinians seek for a state – as part of Israel.

The proposal would create a Palestinian state but impose strict conditions. Palestinian leaders have dismissed the initiative and it has gone nowhere.

  • Palestinian protesters wave flags as Israeli troops take position during a protest against Jewish settlements in the West Bank village of Nabi Saleh, near Ramallah. Reuters
    Palestinian protesters wave flags as Israeli troops take position during a protest against Jewish settlements in the West Bank village of Nabi Saleh, near Ramallah. Reuters
  • Now that Prime Minister Benjamin Netanyahu has secured a new term in office, there’s little to prevent him from annexing large parts of the West Bank as early as this summer. AP
    Now that Prime Minister Benjamin Netanyahu has secured a new term in office, there’s little to prevent him from annexing large parts of the West Bank as early as this summer. AP
  • An Israeli soldier stands guard during a tour made by Israeli parliament members in the Jordan Valley near the Jewish settlement of Maale Efrayim. Reuters
    An Israeli soldier stands guard during a tour made by Israeli parliament members in the Jordan Valley near the Jewish settlement of Maale Efrayim. Reuters
  • Israeli soldiers take position as Palestinian demonstrators gather during a protest against expansion of Israeli settlements in the West Bank. AP
    Israeli soldiers take position as Palestinian demonstrators gather during a protest against expansion of Israeli settlements in the West Bank. AP
  • King Abdullah (r) of Transjordan on May 13, 1948 in Amman with Abed Al Rahman Azzam, the secretary general of the Arab League and Abd Al Elah Ibn Ali, the Prince Regent of Iraq, the day before the beginning of the first Arab-Israeli War. AFP
    King Abdullah (r) of Transjordan on May 13, 1948 in Amman with Abed Al Rahman Azzam, the secretary general of the Arab League and Abd Al Elah Ibn Ali, the Prince Regent of Iraq, the day before the beginning of the first Arab-Israeli War. AFP
  • Palestinians surrender to Israeli soldiers in June 1967 in the occupied territory of the West Bank after Israel launched a pre-emptive attack on Egypt and Syria and seized the Gaza Strip, Sinai Peninsula and the Golan Heights in Syria as well as the West Bank and Arab East Jerusalem. AFP
    Palestinians surrender to Israeli soldiers in June 1967 in the occupied territory of the West Bank after Israel launched a pre-emptive attack on Egypt and Syria and seized the Gaza Strip, Sinai Peninsula and the Golan Heights in Syria as well as the West Bank and Arab East Jerusalem. AFP
  • A Palestinian child plays in a refugee camp in Jordan on June 23, 1967. AFP
    A Palestinian child plays in a refugee camp in Jordan on June 23, 1967. AFP
  • PLO chairman Yasser Arafat delivers a speech to the Palestine National Council meeting to make the historic proclamation of a Palestinian state in the Israeli-occupied territories and to recognize Israel in the Palace of Nations conference hall on November 12, 1988, in Algiers. AFP
    PLO chairman Yasser Arafat delivers a speech to the Palestine National Council meeting to make the historic proclamation of a Palestinian state in the Israeli-occupied territories and to recognize Israel in the Palace of Nations conference hall on November 12, 1988, in Algiers. AFP
  • US President Bill Clinton stands between PLO leader Yasser Arafat and Israeli Prime Minister Yitzahk Rabin as they shake hands for the first time on September 13, 1993 at the White House. AFP
    US President Bill Clinton stands between PLO leader Yasser Arafat and Israeli Prime Minister Yitzahk Rabin as they shake hands for the first time on September 13, 1993 at the White House. AFP
  • Hussein Ibn Talal, King of Jordan and Israeli Premier Yitzhak Rabin shake hands after they exchanged the documents of the Peace Treaty at Beit Gabriel conference centre on November 10, 1994 on the southern shore of the Sea of Galilee. AFP
    Hussein Ibn Talal, King of Jordan and Israeli Premier Yitzhak Rabin shake hands after they exchanged the documents of the Peace Treaty at Beit Gabriel conference centre on November 10, 1994 on the southern shore of the Sea of Galilee. AFP
  • Palestinian President Mahmoud Abbas speaks during the Palestinian leadership meeting and threatened to end security coordination with Israel and the United States, saying Israeli annexation would ruin chances for peace. AFP
    Palestinian President Mahmoud Abbas speaks during the Palestinian leadership meeting and threatened to end security coordination with Israel and the United States, saying Israeli annexation would ruin chances for peace. AFP
  • Houses in the Israeli settlement of settlement of Kedumim are seen in the foreground as part of the Palestinian city of Nablus is seen in the background (far left) in the Israeli-occupied West Bank. Reuters
    Houses in the Israeli settlement of settlement of Kedumim are seen in the foreground as part of the Palestinian city of Nablus is seen in the background (far left) in the Israeli-occupied West Bank. Reuters
  • Israel's controversial concrete barrier (C) separating the Jewish settlement of Neve Yaakov (foreground) in the northern part of east Jerusalem and the Palestinian area of al-Ram (background) in the occupied West Bank. AFP
    Israel's controversial concrete barrier (C) separating the Jewish settlement of Neve Yaakov (foreground) in the northern part of east Jerusalem and the Palestinian area of al-Ram (background) in the occupied West Bank. AFP
  • An Israeli activist holds a banner during a protest against the US peace plan for the Middle East, in front of the US ambassador's residence in Jerusalem, on May 15, 2020, as Palestinians commemorate the 72nd anniversary of the 1948 Nakba or "catastrophe". AFP
    An Israeli activist holds a banner during a protest against the US peace plan for the Middle East, in front of the US ambassador's residence in Jerusalem, on May 15, 2020, as Palestinians commemorate the 72nd anniversary of the 1948 Nakba or "catastrophe". AFP
  • A Palestinian shepherd tends to his camels on arid land considered to be in "Area C" (under Israeli security and administrative control), southeast of Yatta town in the southern West Bank district of Hebron. AFP
    A Palestinian shepherd tends to his camels on arid land considered to be in "Area C" (under Israeli security and administrative control), southeast of Yatta town in the southern West Bank district of Hebron. AFP
  • A general view of the Israeli settlement of Elon Moreh, as seen from the Palestinian village of Azmout near the West Bank City of Nablus. EPA
    A general view of the Israeli settlement of Elon Moreh, as seen from the Palestinian village of Azmout near the West Bank City of Nablus. EPA
  • The West Bank Jewish settlement of Maale Michmash. AP
    The West Bank Jewish settlement of Maale Michmash. AP

Mr Netanyahu intends to launch his project of extending sovereignty over settlements and the Jordan Valley, hoping for US approval. Most countries view Israel's settlements as illegal, and the Palestinians have voiced outrage at annexation.

While criticising Palestinian leaders for rejecting Mr Trump's "vision for peace," Mr Pompeo did not provide any signs of where the administration stands on the specifics of Mr Netanyahu's plan.

Mr Pompeo was at the White House to join the discussions, and Mr Trump could also take part, a US official said.

Among the main options under US consideration is a gradual, step-by-step process in which Israel would initially declare sovereignty over several settlements close to Jerusalem instead of the 30 per cent of the West Bank envisaged in Mr Netanyahu’s original plan, according to a person close to matter.

The Trump administration has not closed the door to a larger annexation.

But Jared Kushner, Trump's son-in-law and senior adviser is concerned that allowing Israel to move too fast could kill hopes of drawing the Palestinians into talks on the peace plan he mostly authored, the source said.

There are also concerns about opposition from Jordan, one of only two countries that have a peace treaty with Israel, and from Gulf states. Washington has also made clear it wants Israel's unity government, divided on the issue, to reach a consensus.

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.”

Moral education needed in a 'rapidly changing world'

Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.

Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.

"Moral education touches on every aspect and subject that children engage in.

"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.

"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."

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Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
ALRAWABI%20SCHOOL%20FOR%20GIRLS
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Rooney's club record

At Everton Appearances: 77; Goals: 17

At Manchester United Appearances: 559; Goals: 253

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km