Egypt's role in the Gaza blockade



While Egypt is reported to be receiving technical assistance from the United States in constructing an underground steel barrier along Gaza's southern border, Egypt's foreign minister, Ahmed Aboul Gheit, told The National: "The Egyptian state and people paid a very high price and paid with their blood for more than 50 years in support of the Palestinians. No one should compare himself with what Egypt did and is still doing for the Palestinians." In Beirut, Hizbollah Secretary General Sayyed Hassan Nasrallah urged Egypt to stop building the barrier which could cut off the tunnels that currently provide a lifeline for the Palestinian territory which remains under an Israeli-imposed siege. The Daily Star reported: "Nasrallah told a crowd of tens of thousands of Lebanese Shiite Muslims marking the Ashura religious ceremony that Egypt should be condemned if it does not halt the wall building. "Tensions between Egypt, a predominantly Sunni country, and Hizbollah, a Shiite group backed by Iran, have been running high since last year when Nasrallah accused Cairo of complicity with Israel in its siege of the Gaza strip. " 'In addition to the siege there has been news about [building] a steel wall - to terminate the thin veins which are giving some life and some hope to Gaza,' he said. " 'We call on the government in Egypt and the leadership to stop the wall and flooding the tunnels and to end the siege, otherwise it should be condemned by all Arabs and the Muslims,' he said." Meanwhile, Al Jazeera reported: "Egyptian security forces have attempted to prevent dozens of US activists from reaching their embassy in Cairo. "Hoping to ask the American ambassador for help in reaching the Gaza Strip on Tuesday, some 41 American citizens instead found themselves surrounded by riot police. "All those rounded up were members of the Gaza Freedom Marchers organisation, a group planning to travel to Gaza to protest an Egyptian and Israeli blockade of the besieged territory. "However, one activist, Ali Abunimah, a co-founder of The Electronic Intifada website, told Al Jazeera that the US embassy did eventually allow US citizens to enter their embassy in groups of ten. " 'We met with a political rep in the embassy, Greg Legrefo, and talked about the dire situation in Gaza and international complicity for more than hour .... but the bottom line is the US supports the siege of Gaza." The embassy representative confirmed that the US Army Corps of Engineers is providing technical assistance to build the underground wall, Mr Abunimah said. Sayed Dhansay, from the Gaza Freedom March, wrote: "Despite five months of intensive negotiations with Egyptian authorities by organisers, the Egyptian government notified them just days before the march that they would not be allowed to proceed. "Busses transporting the marchers were scheduled to depart from Cairo for the border town of Al Arish on Monday morning. They failed to arrive however after the Egyptian government threatened to revoke the permits of any companies transporting marchers to Gaza. Several participants who travelled to Al Arish independently on Sunday evening were detained or arrested, with some being placed under house arrest in their hotels. "Egyptian police also broke up a peaceful vigil on Sunday night which saw activists attempting to float 1,400 candles on the River Nile in commemoration of those killed in Gaza." The National spoke to Christer Nordahl, deputy director of operations at the United Nations Relief Works Agency in Gaza "Gaza's humanitarian crisis, he contends, is a 'man-made disaster'. " 'If I'm a donor government issuing funds for the Gaza Strip, and I'm under enormous, pro-Israeli domestic pressure, it's a lot easier for me to just say: "there's an emergency humanitarian situation in Gaza, let's give them water and medicine, and not even go there politically",' [the Israel-Palestine country director for Care International, Martha] Myer said. " 'And that's where we are, one year after the war,' she continued, 'where governments are too timid to fund development activities that would allow Palestinians to stand up on their own two feet and keep them on their land.' "If the situation continues like this any longer, the international community will be looking at a Gaza more impoverished and therefore far more extreme than before, aid workers warn. Gaza's youthful population is growing increasingly frustrated, with no hope for the future. " 'By keeping things the way they are, we are creating an extremist society in Gaza,' Mr Nordahl said." Sami Abdel-Shafi, a co-founder and senior partner at Emerge Consulting Group, a management consultancy in Gaza City, wrote in The Guardian: "Almost nothing has been more deceitful than casting Gaza as a humanitarian case. This is becoming exponentially more problematic a year after the war. Gaza urgently needs far more than merely those items judged by the Israeli military as adequate to satisfy Gaza's humanitarian needs. This list of allowable items is tiny compared to people's needs for a minimally respectable civil life. "Gaza is not treated humanely; the immediate concerns about the situation have clearly given way to long-term complacency, while failed politics has now become stagnant. The humanitarian classification conceals the urgent need to address this. Moreover, many in the international community have conveniently resorted to blaming Palestinians for their political divisions, as though they were unrelated to Israel's policies - most notably Gaza's closure after Israeli disengagement in 2005. "It seems evident that most officials in the US, UK and other powerful nations in Europe and the Middle East do not - or perhaps cannot - pressure Israel to reverse its policy of forcing Palestinians into eternal statelessness. How Palestinians are forced into degrading living standards in Gaza, and how they have no means to repel the ongoing demolition and confiscation of property and land in the West Bank and East Jerusalem, is abhorrent. How Palestinians are still divided despite the increased suffering of their people is no less abhorrent. However, no one should fool themselves into believing that their reconciliation would alter Israel's policy." Finally, The National reported: "Few Israelis today have qualms about the high death toll inflicted by their country's assault on the Gaza Strip last year. "But even though many Israelis still believe the 22-day onslaught, which ended on January 18, was justified in a bid to curb Hamas rocket fire on their country's southern communities, some have begun to question whether the attack achieved its goals. They say the military campaign ended too early and warn that another offensive may be necessary to complete the job."

pwoodward@thenational.ae

About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

Company Profile

Company name: NutriCal

Started: 2019

Founder: Soniya Ashar

Based: Dubai

Industry: Food Technology

Initial investment: Self-funded undisclosed amount

Future plan: Looking to raise fresh capital and expand in Saudi Arabia

Total Clients: Over 50

The%20specs%3A%20Taycan%20Turbo%20GT
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3EDual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C108hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C340Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%20(front%20axle)%3B%20two-speed%20transmission%20(rear%20axle)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh928%2C400%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOrders%20open%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

UAE%20v%20West%20Indies
%3Cp%3EFirst%20ODI%20-%20Sunday%2C%20June%204%20%0D%3Cbr%3ESecond%20ODI%20-%20Tuesday%2C%20June%206%20%0D%3Cbr%3EThird%20ODI%20-%20Friday%2C%20June%209%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EMatches%20at%20Sharjah%20Cricket%20Stadium.%20All%20games%20start%20at%204.30pm%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EUAE%20squad%3C%2Fstrong%3E%0D%3Cbr%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Adithya%20Shetty%2C%20Ali%20Naseer%2C%20Ansh%20Tandon%2C%20Aryansh%20Sharma%2C%20Asif%20Khan%2C%20Basil%20Hameed%2C%20Ethan%20D%E2%80%99Souza%2C%20Fahad%20Nawaz%2C%20Jonathan%20Figy%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Lovepreet%20Singh%2C%20Matiullah%2C%20Mohammed%20Faraazuddin%2C%20Muhammad%20Jawadullah%2C%20Rameez%20Shahzad%2C%20Rohan%20Mustafa%2C%20Sanchit%20Sharma%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%0D%3C%2Fp%3E%0A
Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
SPECS
%3Cp%3E%3Cstrong%3EEngine%3C%2Fstrong%3E%3A%202-litre%20direct%20injection%20turbo%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%207-speed%20automatic%20%0D%3Cbr%3E%3Cstrong%3EPower%3C%2Fstrong%3E%3A%20261hp%20%0D%3Cbr%3E%3Cstrong%3ETorque%3C%2Fstrong%3E%3A%20400Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3C%2Fstrong%3E%3A%20From%20Dh134%2C999%26nbsp%3B%3C%2Fp%3E%0A
The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

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.”