Hamas is open to negotiating a comprehensive Gaza deal that would end the war in the Palestinian enclave and free all the hostages it holds, sources told The National on Monday.
They said the blueprint for a comprehensive deal was being discussed between Israel and the US on one hand and the US and mediators from Qatar and Egypt on the other.
The contacts are conducted remotely and through physical meetings in Cairo and Doha. However, the sources did not disclose the content of the discussions except to say they are expected to be finalised during a proposed 60-day truce in the nearly 22-month war.
US President Donald Trump's Middle East envoy Steve Witkoff on Saturday told families of hostages held by Hamas he was working with the Israeli government on a plan that would effectively end the war.
Mr Trump himself has said ending the conflict is a priority for his administration. However, months of negotiations mediated by the US, Qatar and Egypt have failed to reach a deal as Israel's government faces mounting pressure over humanitarian conditions in the enclave.
“We have a very, very good plan that we're working on collectively with the Israeli government, with Prime Minister Netanyahu ... for the reconstruction of Gaza. That effectively means the end of the war,” Mr Witkoff is heard saying during his meeting with the hostages' families.
He also said Hamas was prepared to disarm to end the war, a claim that has since been denied by the militant group. Though militarily battered in the war, Hamas has said it will not end its “armed resistance” unless an “independent, fully sovereign Palestinian state with Jerusalem as its capital” is established.
The pursuit of a comprehensive plan to end the war and free the hostages presents a shift of focus from the last bid to reach a Gaza deal, when Israel and Hamas were offered a 60-day truce, the release of 10 hostages along with the remains of 18 others and the redeployment of Israeli forces in Gaza to allow for humanitarian aid to flow. Hamas is believed to be still holding about 50 hostages, of whom 20 are believed to be alive.
Long-term end to war
The deal was derailed when Hamas suggested amendments to the final proposals, mainly on the extent of the Israeli redeployment and its insistence that high-profile Palestinians serving long jail terms in Israeli prisons are included among the hundreds to be freed by Israel as part of a deal.
The sources said Hamas believed the search for a comprehensive deal would open the door to negotiations on its long-standing demands for an Israeli withdrawal and a long-term end to the war.
Additionally, they said, Hamas hopes the discussions will touch on Gaza's postwar future and its plans to ensure its survival by morphing into a political force after a gradual, internationally supervised process in which it will lay down and store its arms.
“Hamas wants to hold out for as long as it can,” said one of the sources. “It wants to stay in the picture until the last possible moment to safeguard its existence and ensure the safety of its fighters and leaders.”
Hamas is also hoping a long-term ceasefire will allow it to save the lives of scores, if not hundreds, of operatives trapped inside its elaborate network of underground tunnels in Gaza, and to ensure the safety of its leaders, who will leave Gaza with their families to live in temporary exile, said the sources.
The sources, however, warned that Israel was showing no signs that it had abandoned its military and security plans for Gaza. Israel has already taken concrete steps to force a large segment of Gaza's population to move south near the Egyptian border, and to carve much of the tiny territory into no-go security zones and what it calls humanitarian areas.
“The grand plan remains for Israel to create conditions on the ground that leave the Palestinians little choice but to seek a dignified and secure life elsewhere,” said another source. “Forced evictions also remain on the table.”
The Gaza war was sparked by a surprise, Hamas-led attack on southern Israeli communities in October 2023 in which 1,200 people were killed and 250 more taken hostage. Israel's response has been a military campaign that has to date killed more than 60,000 and wounded more than twice that number, according to figures from the Hamas-run Health Ministry. The UN deems the figures reliable.
The war has also displaced most of Gaza's 2.3 million residents, more than once in many cases, and razed most of its built-up areas.
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.”
Cricket World Cup League 2
UAE results
Lost to Oman by eight runs
Beat Namibia by three wickets
Lost to Oman by 12 runs
Beat Namibia by 43 runs
UAE fixtures
Free admission. All fixtures broadcast live on icc.tv
Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
How to register as a donor
1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention
2) There are about 11,000 patients in the country in need of organ transplants
3) People must be over 21. Emiratis and residents can register.
4) The campaign uses the hashtag #donate_hope
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20HyveGeo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Abdulaziz%20bin%20Redha%2C%20Dr%20Samsurin%20Welch%2C%20Eva%20Morales%20and%20Dr%20Harjit%20Singh%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ECambridge%20and%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ESustainability%20%26amp%3B%20Environment%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%24200%2C000%20plus%20undisclosed%20grant%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVenture%20capital%20and%20government%3C%2Fp%3E%0A
If you go
The flights
Return flights from Dubai to Santiago, via Sao Paolo cost from Dh5,295 with Emirates.
The trip
A five-day trip (not including two days of flight travel) was split between Santiago and in Puerto Varas, with more time spent in the later where excursions were organised by TurisTour.
When to go
The summer months, from December to February are best though there is beauty in each season
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
