UK Foreign Secretary David Cameron poses with the delegation at Lancaster House in London. PA
UK Foreign Secretary David Cameron poses with the delegation at Lancaster House in London. PA
UK Foreign Secretary David Cameron poses with the delegation at Lancaster House in London. PA
UK Foreign Secretary David Cameron poses with the delegation at Lancaster House in London. PA

Arab and Islamic delegation urges Cameron to play balanced role in Israel-Gaza war


Lemma Shehadi
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Live updates: Follow the latest news on Israel-Gaza

A delegation of ministers from Arab and Islamic countries urged the UK to play a “balanced role” in the Israel-Gaza conflict during a meeting with British Foreign Secretary David Cameron on Wednesday.

The delegation was formed at the Islamic-Arab Summit in Riyadh to meet the five permanent members of the UN Security Council in efforts to end the Israel-Gaza war.

The committee of nine ministers and diplomats was led by Saudi Foreign Minister Prince Faisal bin Farhan. It welcomed the four-day humanitarian truce between Israel and Hamas, according to a statement from the kingdom after the meeting.

After holding talks with Mr Cameron, the delegation said it was urging the international community to build on this to reach a “complete and sustainable ceasefire as soon as possible”.

It also addressed the need to revive the peace process in the hope of establishing a “sovereign, independent” Palestinian state in line with 1967 borders and with East Jerusalem as its capital, and discussed the securing of safe passages for humanitarian aid into Gaza.

UK Prime Minister Rishi Sunak has expressed unwavering support for Israel's "right" to defend itself from Hamas, but stressed it must do so within international law. Lord Cameron reaffirmed the UK's support for a two-state solution after his surprise appointment last week and said he would work for a political solution to the crisis.

“The agreement reached last night is an important opportunity to get the hostages out and more aid into Gaza to help the Palestinian people," he said on Wednesday. “We discussed how to use this step forward to think about the future and how we can build a peaceful future which provides security for Israel but also peace and stability for the Palestinian people.”

The visiting committee called on the UK to “reject all forms of selectivity” by holding Israel accountable for its actions according to international law, and not to “overlook the ugly crimes” committed by “occupation forces and settler militias” in the Palestinian territories.

Upon leaving Westminster, the delegation went straight to Paris to meet French President Emmanuel Macron at the Elysée Palace.

This will conclude three days of intense diplomatic efforts, involving meetings with Russian Foreign Minister Sergey Lavrov in Moscow and Chinese Vice President Han Zheng earlier this week.

'Momentum for diplomacy'

The meeting with Lord Cameron is part of a “momentum for diplomacy” that experts speaking at foreign affairs think tank Chatham House see as driven by Arab states.

But it is fraught with challenges – not least because of Israel’s internal confusion over the future of Gaza. “When thinking of a diplomatic path forward, we do need to look at the appetite for that in Israel,” said Dr Elham Fakhro, associate fellow at Chatham House.

Though the Arab world’s message is “clear”, the challenges are varied and touch on existing normalisation agreements with Israel, experts on the panel said.

UK Foreign Secretary David Cameron with his Saudi counterpart Prince Faisal bin Farhan, as he welcomes Arab and Islamic officials to Lancaster House, London. PA
UK Foreign Secretary David Cameron with his Saudi counterpart Prince Faisal bin Farhan, as he welcomes Arab and Islamic officials to Lancaster House, London. PA

Foremost among these is Egypt, which has had “extremely solid” relations with Israel since the Camp David Accords, according to Mirette Mabrouk, senior fellow and founding director of the Egypt programme at the Middle East Institute. The 40-year agreement has been an “essential” security guarantor for Israel.

Yet the relationship has soured as the risk of Israel pushing Palestinians out of Gaza and into Egypt's Sinai Peninsula grows. Israeli officials have expressed intent to do so.

Egypt considers an influx of Palestinian refugees to be a security risk and a red line. Ignoring Egyptian concerns, US and European diplomats have urged Cairo to take in Palestinian refugees in exchange for debt relief from its economic crisis.

The move by western countries on behalf of Israel has threatened to “push Egypt beyond its limits", Ms Mabrouk said. “When a country that has had the worst economic crisis in 50 years is promised debt relief and consistently says no, you should pay attention,” she said.

Among the Gulf states, Saudi Arabia has “gone the furthest” in its willingness to put pressure on Israel, said Dr Fakhro.

Latest from Israel-Gaza conflict - in pictures

  • Smoke ammunition fired by Israeli troops near the border with the Gaza Strip, in southern Israel. AFP
    Smoke ammunition fired by Israeli troops near the border with the Gaza Strip, in southern Israel. AFP
  • Israeli soldiers react during the funeral of Capt Liron Snir at the Mount Herzl military cemetery, Jerusalem. Reuters
    Israeli soldiers react during the funeral of Capt Liron Snir at the Mount Herzl military cemetery, Jerusalem. Reuters
  • Egyptian paramedics transport a Palestinian child arriving from Gaza to an ambulance at the Rafah border crossing. AFP
    Egyptian paramedics transport a Palestinian child arriving from Gaza to an ambulance at the Rafah border crossing. AFP
  • An Israeli tank appears through a soldier's night vision scope near the Gaza Strip in southern Israel. Getty Images
    An Israeli tank appears through a soldier's night vision scope near the Gaza Strip in southern Israel. Getty Images
  • A Palestinian mother holds her newborn in a maternity hospital in Rafah, after he was evacuated from Al Shifa Hospital in Gaza city. Reuters
    A Palestinian mother holds her newborn in a maternity hospital in Rafah, after he was evacuated from Al Shifa Hospital in Gaza city. Reuters
  • Israeli artillery train its guns towards the Gaza Strip in Southern Israel. Getty Images
    Israeli artillery train its guns towards the Gaza Strip in Southern Israel. Getty Images
  • A family watch news updates on the Israeli hostages and Palestinian prisoners swap deal, near Hebron in the Israeli-occupied West Bank. Reuters
    A family watch news updates on the Israeli hostages and Palestinian prisoners swap deal, near Hebron in the Israeli-occupied West Bank. Reuters
  • People demonstrate outside the Kyria defence complex as the political cabinet hold a meeting in Tel Aviv, Israel. Getty Images
    People demonstrate outside the Kyria defence complex as the political cabinet hold a meeting in Tel Aviv, Israel. Getty Images
  • A wounded Palestinian child is carried into Nasser Hospital following an Israeli bombardment on Khan Younis refugee camp, southern Gaza Strip. AP
    A wounded Palestinian child is carried into Nasser Hospital following an Israeli bombardment on Khan Younis refugee camp, southern Gaza Strip. AP
  • An Israeli soldier takes position behind a wall in Gaza, as Israel's war against Hamas continues. Reuters
    An Israeli soldier takes position behind a wall in Gaza, as Israel's war against Hamas continues. Reuters
  • Palestinians mourn their relatives killed in the Israeli bombardment of the Gaza Strip, at a hospital in Khan Younis. AP
    Palestinians mourn their relatives killed in the Israeli bombardment of the Gaza Strip, at a hospital in Khan Younis. AP
  • People receive bags of flour at a distribution centre of the UN agency for Palestinian refugees (UNRWA), in the Rafah refugee camp. AFP
    People receive bags of flour at a distribution centre of the UN agency for Palestinian refugees (UNRWA), in the Rafah refugee camp. AFP
  • Israel's military transports Palestinian detainees from the Gaza Strip, near Israel's border with Gaza, in southern Israel. Reuters
    Israel's military transports Palestinian detainees from the Gaza Strip, near Israel's border with Gaza, in southern Israel. Reuters
  • Palestinians amongst the rubble of a building destroyed by an Israeli air strike in Khan Younis, Gaza. Bloomberg
    Palestinians amongst the rubble of a building destroyed by an Israeli air strike in Khan Younis, Gaza. Bloomberg
  • Thomas Hand, father of Emily Hand, during a press conference by family members of hostages in Gaza, at the Israeli embassy, London. Getty Images
    Thomas Hand, father of Emily Hand, during a press conference by family members of hostages in Gaza, at the Israeli embassy, London. Getty Images
  • A man consoles a young Palestinian girl at Nasser Medical Hospital, Khan Yunis, Gaza. Getty Images
    A man consoles a young Palestinian girl at Nasser Medical Hospital, Khan Yunis, Gaza. Getty Images
  • A mother covers her daughter as a siren signals incoming rockets launched from the Gaza Strip towards Israel, in Tel Aviv. Reuters
    A mother covers her daughter as a siren signals incoming rockets launched from the Gaza Strip towards Israel, in Tel Aviv. Reuters
  • Palestinian medics care for babies evacuated from Al Shifa Hospital to the Emirates Hospital in Rafah in the southern Gaza Strip. AFP
    Palestinian medics care for babies evacuated from Al Shifa Hospital to the Emirates Hospital in Rafah in the southern Gaza Strip. AFP
  • A child collects firewood in a camp provided by the UN for displaced Palestinians who lost their homes in Israeli raids, in Khan Yunis. EPA
    A child collects firewood in a camp provided by the UN for displaced Palestinians who lost their homes in Israeli raids, in Khan Yunis. EPA
  • Personal items recovered from the Supernova music festival on display for family and relatives to collect in Caesarea, Israel. Getty Images
    Personal items recovered from the Supernova music festival on display for family and relatives to collect in Caesarea, Israel. Getty Images
  • Palestinians flee the Zeitoun district, southern Gaza Strip, as battles between Israel and Hamas continue. AFP
    Palestinians flee the Zeitoun district, southern Gaza Strip, as battles between Israel and Hamas continue. AFP
  • Thousands gathered at the State Library for the weekly protest in support of Palestinians in Melbourne, Australia. Paul Stafford / The National
    Thousands gathered at the State Library for the weekly protest in support of Palestinians in Melbourne, Australia. Paul Stafford / The National
  • Palestinian rescuers evacuate an injured woman following an Israeli air strike in Khan Younis refugee camp. AP
    Palestinian rescuers evacuate an injured woman following an Israeli air strike in Khan Younis refugee camp. AP
  • A rally to call for a ceasefire held at Dorchester Square in Montreal, Quebec, Canada. AFP
    A rally to call for a ceasefire held at Dorchester Square in Montreal, Quebec, Canada. AFP
  • Palestinians flee to the southern Gaza Strip along Salah al-Din Street, during the ongoing Israeli bombardment. AP
    Palestinians flee to the southern Gaza Strip along Salah al-Din Street, during the ongoing Israeli bombardment. AP
  • Palestinians check taxis that were hit by the Israeli military along Salah al-Din Street, on the outskirts of Gaza city. AP
    Palestinians check taxis that were hit by the Israeli military along Salah al-Din Street, on the outskirts of Gaza city. AP
  • Thousands of Palestinians flee to the southern Gaza Strip along Salah al-Din Street. AP
    Thousands of Palestinians flee to the southern Gaza Strip along Salah al-Din Street. AP
  • Israeli soldiers in the Gaza Strip amid the continuing ground operation against Hamas. Reuters
    Israeli soldiers in the Gaza Strip amid the continuing ground operation against Hamas. Reuters
  • Palestinians search for survivors in the rubble of a building following Israeli bombardment in Khan Yunis. AFP
    Palestinians search for survivors in the rubble of a building following Israeli bombardment in Khan Yunis. AFP
  • Palestinians injured in air strikes arrive at Nasser Medical Hospital in Khan Younis, Gaza. Getty Images
    Palestinians injured in air strikes arrive at Nasser Medical Hospital in Khan Younis, Gaza. Getty Images
  • Palestinians collect books from the rubble of a cultural centre following an Israeli strike in Rafah. AFP
    Palestinians collect books from the rubble of a cultural centre following an Israeli strike in Rafah. AFP
  • Notices dropped by the Israeli military over Rafah in the southern Gaza Strip calling for those remaining to leave the area. AFP
    Notices dropped by the Israeli military over Rafah in the southern Gaza Strip calling for those remaining to leave the area. AFP
  • A man walks among debris at the site of an Israeli strike in Khan Younis, amid the ongoing conflict between Israel and Hamas. Reuters
    A man walks among debris at the site of an Israeli strike in Khan Younis, amid the ongoing conflict between Israel and Hamas. Reuters
  • Israeli flags on the top of destroyed buildings in the Gaza Strip. AP
    Israeli flags on the top of destroyed buildings in the Gaza Strip. AP
  • Palestinians line to collect water in Rafah on Saturday, November 18. AP
    Palestinians line to collect water in Rafah on Saturday, November 18. AP

Understanding what Israel wants from the war is another obstacle in the path to peace, she said. “There are some unknowns. What is Israel trying to accomplish beyond its general goal of eliminating Hamas? What is Israel willing to do when there is a ceasefire eventually?” Dr Fakhro said.

An emboldened far right in Israel has called for the establishment of a wide buffer zone that would push Palestinians to southern Gaza. Talk of bringing the Palestinian Authority back to Gaza has been met with direct opposition from Israeli officials.

The US has opposed an Israel occupation of Gaza after the war. But Arab states will be reluctant to "clean up the mess" after an Israeli withdrawal.

Egypt or other Arab states' involvement in post-conflict Gaza could place them in the role of “occupier”.

“The agreement on this subject is fairly homogeneous and is the same as most of the Arab states,” Ms Mabrouk said of Egypt.

Nonetheless, ideas and proposals for how Arab states, the US and Israel can work together to contribute to peace and reconstruction are circulating in Washington, Dr Fakhro said.

“The hope is that yes, in the day after [the war], you have a momentum for diplomacy and there is a way forward,” she said.

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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
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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.”

Tips from the expert

Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.

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Emergency phone numbers in the UAE

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

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Updated: November 22, 2023, 4:25 PM