US National Security Adviser Jake Sullivan invited several leaders of Arab American and Muslim American groups to the White House on Friday to discuss the latest developments in the Israel-Gaza war, a source told The National.
Mr Sullivan and members of his team discussed the entry of humanitarian aid to the besieged Gaza Strip and helping civilians, including Palestinian Americans, to leave.
Mr Sullivan “basically said they're pushing for humanitarian aid”, a source told The National.
“He said they pushed back against Israelis for giving the Palestinians only 24 hours to move from the north to the centre [of Gaza].”
During the meeting, which lasted more than an hour, Arab American figures also raised concerns about a rise in Islamophobia and anti-Arab sentiment in the US, the source said.
The meeting comes amid mounting concerns in Washington and around the world about the looming deadline that Israel gave more than one million Palestinians in the northern Gaza Strip to flee.
The UN and other organisations warned of a humanitarian crisis that could impact the 2.3 million residents of the Strip after the Israeli government cut off water, electricity, food and medicine supplies to the Palestinian enclave.
They called on the siege to be lifted to allow in aid.
Israel has been bombarding entire neighbourhoods in Gaza since Saturday, after Hamas gunmen launched an unprecedented attack on parts of Israel's south, killing about 1,300 people and taking scores of hostages.
President Joe Biden on Friday said it was a priority “to urgently address the humanitarian crisis in Gaza,” and that US teams were working with the governments of Israel, Egypt, Jordan and other Arab nations as well as the UN.
“We can't lose sight of the fact that the overwhelming majority of Palestinians have nothing to do with Hamas, and Hamas' appalling attacks,” he said during a visit to Philadelphia, “and they're suffering as a result as well.”
Israel-Gaza war latest – in pictures
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At UN headquarters in New York City, Rachel Zeitchik, right, and Jay Zeitchik attend an event for families of Israelis kidnapped by Hamas. AFP -

Palestinians flee from northern Gaza towards the south after the Israeli army demanded the population of more than a million people leave before a ground invasion. AP -

Demonstrators at a rally in support of Palestine face a counter-demonstration in support of Israel near Times Square in New York. EPA -

Palestinians flee from northern Gaza to the south after the Israeli army issued an evacuation warning. AP -

An injured man is rescued from the rubble of a building following an Israeli airstrike in Rafah, Gaza Strip. AP -

Mourners take cover as sirens sound during the funeral of Tom Godo, killed during the attack by Hamas militants on the Kibbutz Kisuffim last week, in Kibbutz Naan near Tel Aviv. AFP -

A Palestinian man flashes the victory sign as he and others leave northern Gaza before an expected Israeli ground offensive. AFP -

Palestinians head south with their belongings after being ordered by Israel to leave northern Gaza on Friday. AFP -
Israel ordered more than a million Palestinians to head south within 24 hours. Reuters -
The UN criticised the directive, saying forcing such a large number of people to flee en masse would be catastrophic. Reuters -
Gazans have to travel about 15km if they live in the northernmost part of the strip to reach the area south of the Wadi Gaza. Reuters -
The UN said that more than 423,000 people have already fled their homes in the territory, with a sizeable number making the more than 10km journey on foot. Reuters -

Palestinians with their belongings flee to safer areas in Gaza City. AFP -
An Armoured Personnel Carrier drives near Israel's border with the Gaza Strip. Reuters -

Supporters of Iraqi Shi'ite cleric Moqtada al-Sadr gather for mass Friday prayer during a protest in solidarity with Palestinians in Gaza, in Baghdad, Iraq. Reuters -

A Palestinian woman waits to cross into Jerusalem's Old City through Damascus Gate next to Israeli soldiers. AFP -

Israeli army infantry fighting vehicles deploy along the border with the Gaza Strip in southern Israel. AFP -

Israeli soldiers detain a man while on patrol near Kibbutz Beeri, near the Gaza Strip. AFP -

Students hold in a rally in support of Palestine at Columbia University in New York. Getty Images -

Family and friends mourn Valentin Ghnassia, 23, who was killed in a battle with Palestinian militants at Kibbutz Beeri near the Israeli border with the Gaza Strip. Getty Images -

A ball of fire erupts in Gaza city after an Israeli air strike. AFP -

Palestinians inspect the rubble of buildings hit by an Israeli air strike at Al Shati refugee camp. AP -

A fireball erupts from an Israeli air strike in Gaza city. AFP -

People waiting for news of victims outside the morgue at Al-Shifa hospital in Gaza City. AFP -

A girl mourns the death of members of the Samour family, who were killed in Israeli strikes on their house in Khan Younis in the southern Gaza Strip. Reuters -

Israelis arrive to sign up at a weapons distribution point for people allowed to carry arms, at the Ayyelet HaShahar Kibbutz in northern Israel, near the Lebanese border. AFP -

Mourners outside the morgue at Al-Shifa hospital in Gaza City as battles between Israel and the Hamas movement continue for a sixth consecutive day. AFP -

Men dig graves to bury members of the Samour family, who were killed in Israeli strikes on their house in Khan Younis. Reuters -

Palestinian children who fled their homes during Israeli strikes, play at a United Nations-run school in Gaza City. Reuters -

Israeli soldiers near a self-propelled howitzer near the border with Gaza in southern Israel. AFP -

Israel's Foreign Minister Eli Cohen, left, welcomes US Secretary of State Antony Blinken upon arrival at Israel's Ben Gurion Airport. AFP -

Palestinian children in a makeshift shelter at Al-Shifa hospital in Gaza City. Reuters -

Boxes of humanitarian aid and supplies from Jordan Hashemite Charity Organisation destined for Gaza, in Amman, Jordan. Reuters -

Palestinians outside Al-Shifa hospital in Gaza City on the sixth day of fighting between Israel and Hamas. AFP -

A pro-Israel vigil in Montevideo, Uruguay. EPA
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Full list of Emmy 2020 nominations
LEAD ACTOR IN A COMEDY SERIES
Anthony Anderson, Black-ish
Don Cheadle, Black Monday
Ted Danson, The Good Place
Michael Douglas, The Kominsky Method
Eugene Levy, Schitt’s Creek
Ramy Youssef, Ramy
LEAD ACTRESS IN A COMEDY SERIES
Christina Applegate, Dead to Me
Rachel Brosnahan, The Marvelous Mrs. Maisel
Linda Cardellini, Dead to Me
Catherine O’Hara, Schitt’s Creek
Issa Rae, Insecure
Tracee Ellis Ross, Black-ish
OUTSTANDING VARIETY/TALK SERIES
The Daily Show with Trevor Noah
Full Frontal with Samantha Bee
Jimmy Kimmel Live
Last Week Tonight with John Oliver
The Late Show with Stephen Colbert
LEAD ACTOR IN A DRAMA SERIES
Jason Bateman, Ozark
Sterling K. Brown, This Is Us
Steve Carell, The Morning Show
Brian Cox, Succession
Billy Porter, Pose
Jeremy Strong, Succession
LEAD ACTRESS IN A DRAMA SERIES
Jennifer Aniston, The Morning Show
Olivia Colman, The Crown
Jodie Comer, Killing Eve
Laura Linney, Ozark
Sandra Oh, Killing Eve
Zendaya, Euphoria
OUTSTANDING REALITY/COMPETITION PROGRAM
The Masked Singer
Nailed It!
RuPaul’s Drag Race
Top Chef
The Voice
LEAD ACTOR IN A LIMITED SERIES/TV MOVIE
Jeremy Irons, Watchmen
Hugh Jackman, Bad Education
Paul Mescal, Normal People
Jeremy Pope, Hollywood
Mark Ruffalo, I Know This Much Is True
LEAD ACTRESS IN A LIMITED SERIES/TV MOVIE
Cate Blanchett, Mrs. America
Shira Haas, Unorthodox
Regina King, Watchmen
Octavia Spencer, Self Made
Kerry Washington, Little Fires Everywhere
OUTSTANDING LIMITED SERIES
Little Fires Everywhere
Mrs. America
Unbelievable
Unorthodox
Watchmen
OUTSTANDING COMEDY SERIES
Curb Your Enthusiasm
Dead to Me
The Good Place
Insecure
The Kominsky Method
The Marvelous Mrs. Maisel
Schitt’s Creek
What We Do In The Shadows
OUTSTANDING DRAMA SERIES
Better Call Saul
The Crown
The Handmaid’s Tale
Killing Eve
The Mandalorian
Ozark
Stranger Things
Succession
The%20Caine%20Mutiny%20Court-Martial%20
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.”
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
On Women's Day
Dr Nawal Al-Hosany: Why more women should be on the frontlines of climate action
Samar Elmnhrawy: How companies in the Middle East can catch up on gender equality
The National Editorial: Is there much to celebrate on International Women's Day 2021?
Justin Thomas: Challenge the notion that 'men are from Mars, women are from Venus'
T20 WORLD CUP QUALIFIERS
Qualifier A, Muscat
(All matches to be streamed live on icc.tv)
Fixtures
Friday, February 18: 10am Oman v Nepal, Canada v Philippines; 2pm Ireland v UAE, Germany v Bahrain
Saturday, February 19: 10am Oman v Canada, Nepal v Philippines; 2pm UAE v Germany, Ireland v Bahrain
Monday, February 21: 10am Ireland v Germany, UAE v Bahrain; 2pm Nepal v Canada, Oman v Philippines
Tuesday, February 22: 2pm Semi-finals
Thursday, February 24: 2pm Final
UAE squad:Ahmed Raza(captain), Muhammad Waseem, Chirag Suri, Vriitya Aravind, Rohan Mustafa, Kashif Daud, Zahoor Khan, Alishan Sharafu, Raja Akifullah, Karthik Meiyappan, Junaid Siddique, Basil Hameed, Zafar Farid, Mohammed Boota, Mohammed Usman, Rahul Bhatia
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The Programme
Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson
The specs
UAE%20medallists%20at%20Asian%20Games%202023
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million


