Malaysia's Prime Minister Anwar Ibrahim, centre, is mediating talks between Cambodia's Prime Minister Hun Manet and Thailand's acting Prime Minister Phumtham Wechayachai. AP
Malaysia's Prime Minister Anwar Ibrahim, centre, is mediating talks between Cambodia's Prime Minister Hun Manet and Thailand's acting Prime Minister Phumtham Wechayachai. AP
Malaysia's Prime Minister Anwar Ibrahim, centre, is mediating talks between Cambodia's Prime Minister Hun Manet and Thailand's acting Prime Minister Phumtham Wechayachai. AP
Malaysia's Prime Minister Anwar Ibrahim, centre, is mediating talks between Cambodia's Prime Minister Hun Manet and Thailand's acting Prime Minister Phumtham Wechayachai. AP

Thailand and Cambodia agree ceasefire after five days of fighting


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Thailand and Cambodia have agreed to an “immediate and unconditional ceasefire” during negotiations in Malaysia, bringing an end to days of deadly border clashes.

Thailand’s acting prime minister Phumtham Wechayachai and Cambodia’s Prime Minister Hun Manet met for discussions in Putrajaya, after at least 35 people were killed in five days of violence in south-east Asia.

It marked the deadliest fighting between the countries since violence flared from 2008 to 2011 over disputed jungle territory. The vague border demarcation had been established by Cambodia’s French colonial administrators in 1907.

More than 200,000 people have fled since the latest fighting began last week. Malaysian Prime Minister Anwar Ibrahim, current chairman of the Association of South-East Asian Nations, said after the talks that both sides “expressed their positions and willingness to immediate ceasefire”.

The truce was to take effect at midnight local time. “This is a vital first step to a de-escalation and a restoration of peace and security,” he added.

Mr Hun said the move would “provide a lot of opportunities for hundreds of thousands of people on both sides to return to normalcy”. It is a time to “start rebuilding trust and confidence” he added at a media conference.

Military commanders from both sides were to hold an “informal meeting” early today, before defence officials hold talks. Mr Phumtham said Thailand negotiated “in good faith” and was committed to peace.

There had been calls for peace from China, as well as the US. President Donald Trump − whose administration is holding trade talks with both Thailand and Cambodia − said at the weekend that the countries had agreed to “quickly work out” a truce.

The leaders met at the prime minister’s residence in Putrajaya, Malaysia’s administrative capital. Tension escalated on the eve of the talks, with Thailand’s military saying Cambodian snipers were camped in border temples. It accused Cambodia of launching rockets into Thai territory.“

The situation remains highly tense and it is anticipated that Cambodia may be preparing for a major military operation prior to entering negotiations,” the Thai military said at the time. Cambodia denied firing rockets at civilian targets and said it was Thailand that had put innocent lives at risk.

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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

Syria squad

Goalkeepers: Ibrahim Alma, Mahmoud Al Youssef, Ahmad Madania.
Defenders: Ahmad Al Salih, Moayad Ajan, Jehad Al Baour, Omar Midani, Amro Jenyat, Hussein Jwayed, Nadim Sabagh, Abdul Malek Anezan.
Midfielders: Mahmoud Al Mawas, Mohammed Osman, Osama Omari, Tamer Haj Mohamad, Ahmad Ashkar, Youssef Kalfa, Zaher Midani, Khaled Al Mobayed, Fahd Youssef.
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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.”

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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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Game is on BeIN Sports

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Basquiat in Abu Dhabi

One of Basquiat’s paintings, the vibrant Cabra (1981–82), now hangs in Louvre Abu Dhabi temporarily, on loan from the Guggenheim Abu Dhabi. 

The latter museum is not open physically, but has assembled a collection and puts together a series of events called Talking Art, such as this discussion, moderated by writer Chaedria LaBouvier. 

It's something of a Basquiat season in Abu Dhabi at the moment. Last week, The Radiant Child, a documentary on Basquiat was shown at Manarat Al Saadiyat, and tonight (April 18) the Guggenheim Abu Dhabi is throwing the re-creation of a party tonight, of the legendary Canal Zone party thrown in 1979, which epitomised the collaborative scene of the time. It was at Canal Zone that Basquiat met prominent members of the art world and moved from unknown graffiti artist into someone in the spotlight.  

“We’ve invited local resident arists, we’ll have spray cans at the ready,” says curator Maisa Al Qassemi of the Guggenheim Abu Dhabi. 

Guggenheim Abu Dhabi's Canal Zone Remix is at Manarat Al Saadiyat, Thursday April 18, from 8pm. Free entry to all. Basquiat's Cabra is on view at Louvre Abu Dhabi until October

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Updated: July 28, 2025, 11:25 AM