Josep Borell said that he had drawn the “fundamental political conclusion” from his discussions across the region. AFP
Josep Borell said that he had drawn the “fundamental political conclusion” from his discussions across the region. AFP
Josep Borell said that he had drawn the “fundamental political conclusion” from his discussions across the region. AFP
Josep Borell said that he had drawn the “fundamental political conclusion” from his discussions across the region. AFP

EU's Borrell calls for Palestinian state to secure Israel's security


Soraya Ebrahimi
  • English
  • Arabic

Live updates: Follow the latest news on Israel-Gaza

The establishment of a Palestinian state is the best way to ensure Israel's security, EU foreign policy chief Josep Borrell said on Monday.

After touring the Middle East for talks on Israel's war with Hamas, Mr Borrell held a video meeting with foreign ministers from the EU's 27 countries.

Mr Borrell said that he had drawn “a fundamental political conclusion” from his discussions across the region.

“I think that the best guarantee for Israel's security is the creation of a Palestinian state,” he said in a written summary of the EU meeting.

Mr Borrell has insisted Israel should not occupy Gaza after the current conflict ends and that control of the territory should be handed over to the Palestinian Authority.

“Despite the huge challenges, we have to advance our reflections on the stabilisation of Gaza and the future Palestinian state,” he said.

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

In the short term, Mr Borrell said after visiting a string of Arab states, there was a “sense of urgency” over the desperate humanitarian situation in Gaza.

“The UN Security Council resolution calling for immediate humanitarian pauses is a big step forward, but we must ensure its rapid implementation,” the EU official said.

Another major fear was the possibility of the conflict further inflaming volatile situation in the West Bank and dragging in other actors in the Middle East.

“In light of increased extremists and settlers' violence against Palestinians there is a real risk that the situation could escalate,” Mr Borrell said.

“Reports of a ship hijacked by the Houthis are another worrying signal of a risk of the regional spill over.”

Racecard

5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m

57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
Results

6.30pm: Maiden Dh165,000 (Dirt) 1,200m

Winner: Barack Beach, Richard Mullen (jockey), Satish Seemar (trainer).

7.05pm: Handicap Dh170,000 (D) 1,200m

Winner: Way Of Wisdom, Connor Beasley, Satish Seemar.

7.40pm: Maiden Dh165,000 (D) 1,900m

Winner: Woodditton, Connor Beasley, Ahmad bin Harmash.

8.15pm: Handicap Dh185,000 (D) 2,000m

Winner: Secret Trade, Sandro Paiva, Ali Rashid Al Raihe.

8.50pm: Handicap Dh185,000 (D) 1,600m

Winner: Mark Of Approval, Antonio Fresu, Mahmood Hussain.

9.25pm: Handicap Dh165,000 (D) 2,000m

Winner: Tradesman, Pat Dobbs, Doug Watson.

500 People from Gaza enter France

115 Special programme for artists

25   Evacuation of injured and sick

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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

UAE currency: the story behind the money in your pockets
THE%20SWIMMERS
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Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

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The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

And%20Just%20Like%20That...
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Various%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Sarah%20Jessica%20Parker%2C%20Cynthia%20Nixon%2C%20Kristin%20Davis%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
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Brief scores:

England: 290 & 346

Sri Lanka: 336 & 243

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A

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.”

Mobile phone packages comparison
THE BIO

Ms Al Ameri likes the variety of her job, and the daily environmental challenges she is presented with.

Regular contact with wildlife is the most appealing part of her role at the Environment Agency Abu Dhabi.

She loves to explore new destinations and lives by her motto of being a voice in the world, and not an echo.

She is the youngest of three children, and has a brother and sister.

Her favourite book, Moby Dick by Herman Melville helped inspire her towards a career exploring  the natural world.

The specs

Engine: 1.5-litre 4-cyl turbo

Power: 194hp at 5,600rpm

Torque: 275Nm from 2,000-4,000rpm

Transmission: 6-speed auto

Price: from Dh155,000

On sale: now

SUCCESSION%20SEASON%204%20EPISODE%201
%3Cp%3E%3Cstrong%3ECreated%20by%3A%20%3C%2Fstrong%3EJesse%20Armstrong%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Brian%20Cox%2C%20Jeremy%20Strong%2C%20Kieran%20Culkin%2C%20Sarah%20Snook%2C%20Nicholas%20Braun%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Updated: November 21, 2023, 4:45 AM