The UN Security Council on Monday approved a statement that expressed “dismay” at Israel's plans to legalise settlements on occupied Palestinian territories, and strongly opposed all unilateral measures that “impede peace.”
The Palestinians, working with the UAE, had sought a vote on a legally binding resolution but, facing an almost certain veto from the US and a possible diplomatic crisis, a "presidential statement" was issued instead.
The statement came in response to a February 12 announcement that Israel would legalise nine Jewish settler outposts in the occupied West Bank, which had been built without government approval.
The Security Council repeated that "continuing Israeli settlement activities are dangerously imperilling the viability of the two-state solution based on the 1967 lines".
The council condemned “all acts of violence against civilians, including acts of terrorism".
On settlements, the Security Council said it “strongly opposes all unilateral measures that impede peace including … Israeli construction and expansion of settlements, confiscation of Palestinians’ land, and the 'legalisation' of settlement outposts, demolition of Palestinians’ homes and displacement of Palestinian civilians".
To avoid a diplomatic crisis, the Palestinians agreed to hold off on a vote for a full resolution, a UN diplomat told The National.
And Israel agreed to US demands to suspend unilateral action in the West Bank, including Palestinian house demolitions and new building projects for a few months.
Israeli Prime Minister Benjamin Netanyahu's office said on Monday that Israel would pause authorisation of new settlements in the occupied West Bank for several months.
“Israel notified the US that in the coming months it will not authorise new settlements beyond the nine that have already been approved,” Mr Netanyahu's office said.
Riyad Mansour, the Palestinian ambassador to the UN, said there was “one country” that insisted not to allow a full resolution to be adopted.
“They did not want to use a veto. And I think that the fact that we reached a unanimous agreement on the presidential statement is a very important step in the right direction,” he said.
Anwar Gargash, diplomatic adviser to the UAE president, praised on twitter the adoption of the UN Security Council presidential statement as a “constructive” move in favor of the Palestinian cause with the “positive leadership of the Emirati diplomacy”.
Addressing the Security Council, the UAE’s ambassador to the UN, Lana Nusseibeh, who lead the effort for the Palestinians in the council, said the past few weeks showed the potential consequences of the continued lack of a credible peace process.
Ms Nusseibeh urged the world body not to accept “breakdown” as a sustainable status quo and to “revitalise its role as the international custodian of the two-state solution.”
She also expressed concern that violence could spike again as the Muslim holy month of Ramadan coincides this year with the Jewish Passover holiday and Easter and rejected “all forms of Islamophobia, anti-Semitism and Christianphobia".
For the first time, the Security Council included language expressing concern about "instances of discrimination, intolerance and hate speech motivated by racism or directed against persons belonging to religious communities, in particular cases motivated by Islamophobia, anti-Semitism or Christianophobia.”
Ms Nusseibeh called for the respect of all religious sites, including mosques, churches and synagogues, in light of the alarming rise in extremist hate speech and incitement.
The UN’s Middle East peace envoy, Tor Wennesland, urged both sides to avoid steps that could further inflame the situation and warned of “ominous signs” that await Israelis and Palestinians if they fail to address the current instability.
The US ambassador to the UN, Linda Thomas-Greenfield, told the council the US “strongly opposes" Israel’s announcement that it will advance thousands of settlement units.
And, she added, “we strongly oppose Israel’s announcement that it will begin a process to retroactively legalize nine outposts in the West Bank that were previously illegal under Israeli law."
“These unilateral measures exacerbate tensions. They harm trust between the parties. They undermine the prospects for a negotiated two-state solution. The United States does not support these actions — full stop.”
Ms Thomas-Greenfield said the United States strongly supports the presidential statement, which “demonstrates the Security Council’s unanimous, collective voice on these issues.”
Before the Security Council meeting, Ms Nusseibeh said Monday’s presidential statement represents “the first output from the Security Council in six years on the situation in Palestine".
“I think it has a strong, unified signal from the council that they want to see de-escalation, dialogue and focus on political parameters to a long-standing conflict,” she said.
Ms Nusseibeh commended the role of the US, Palestinians, Israelis and Jordanians who “worked hard in achieving this outcome today".
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Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
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.”
Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
Men from Barca's class of 99
Crystal Palace - Frank de Boer
Everton - Ronald Koeman
Manchester City - Pep Guardiola
Manchester United - Jose Mourinho
Southampton - Mauricio Pellegrino
The biog
Name: James Mullan
Nationality: Irish
Family: Wife, Pom; and daughters Kate, 18, and Ciara, 13, who attend Jumeirah English Speaking School (JESS)
Favourite book or author: “That’s a really difficult question. I’m a big fan of Donna Tartt, The Secret History. I’d recommend that, go and have a read of that.”
Dream: “It would be to continue to have fun and to work with really interesting people, which I have been very fortunate to do for a lot of my life. I just enjoy working with very smart, fun people.”
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The five pillars of Islam
LAST-16 FIXTURES
Sunday, January 20
3pm: Jordan v Vietnam at Al Maktoum Stadium, Dubai
6pm: Thailand v China at Hazza bin Zayed Stadium, Al Ain
9pm: Iran v Oman at Mohamed bin Zayed Stadium, Abu Dhabi
Monday, January 21
3pm: Japan v Saudi Arabia at Sharjah Stadium
6pm: Australia v Uzbekistan at Khalifa bin Zayed Stadium, Al Ain
9pm: UAE v Kyrgyzstan at Zayed Sports City Stadium, Abu Dhabi
Tuesday, January 22
5pm: South Korea v Bahrain at Rashid Stadium, Dubai
8pm: Qatar v Iraq at Al Nahyan Stadium, Abu Dhabi
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
MEDIEVIL%20(1998)
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The biog
Year of birth: 1988
Place of birth: Baghdad
Education: PhD student and co-researcher at Greifswald University, Germany
Hobbies: Ping Pong, swimming, reading
KILLING OF QASSEM SULEIMANI
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Related
Results
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Developer: Ubisoft Montreal / Ubisoft Toronto
Publisher: Ubisoft
Platforms: Playstation 4, Xbox One, Windows
Release Date: April 10
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