In south Tel Aviv, asylum seekers who have lived in Israel for years are turning to a food bank for help after being hit hard by the pandemic.
“Since this food support is available, I’m not starving,” said one Eritrean woman, 30, as tears rolled down her cheeks.
“I don’t have family here, I’m supporting myself and my children alone. I need a lot of support."
The hotel worker, who arrived in Israel 11 years ago, recounted the hardship of raising four children in the seaside city.
Her family is only one of hundreds who have come to rely on the food bank, from where skyscrapers of Israel’s financial capital are visible.
The small “supermarket”, which has shelves filled with supplies such as lentils, cooking oil and canned beans, opened in July as a response to widespread hunger.
Natalie Silverlieb from Mesila, an organisation within the municipality which supports asylum seekers and undocumented people, recalled people pleading for help last year.
“People started to come in saying ‘I’m hungry, I have nothing to eat’,” said Ms Silverlieb, Mesila's food security programme manager. “It was a humanitarian crisis – people saying they were starving."
While Israeli citizens were able to turn to state benefits during coronavirus, these was not available for asylum seekers.
The UN refugee agency last year said there were more than 32,000 Eritrean and Sudanese asylum seekers of particular concern in Israel. They have been in legal limbo for more than a decade.
Israel has approved fewer than 0.1 per cent of more than 80,000 asylum applications since July 2009, UNHCR figures show.
Thousands of people have had their paperwork pending for years and, in the meantime, are allowed to work. Many held jobs in hotels or restaurants, Mesila said, and lost their income when businesses closed during the pandemic.
Israeli authorities have imposed three nationwide lockdowns since March 2020, as part of efforts to cut the number of coronavirus infections.
In Tel Aviv, non-governmental organisations arranged food handouts at the start of the pandemic to address the immediate crisis.
A survey was conducted a year ago to determine the depth of the problem, which found more than 86 per cent of asylum seekers and undocumented people in south Tel Aviv were mildly to severely starving.
The research was commissioned by the municipality and the Israeli Health Ministry. Participants were asked questions such as how often they were skipping meals, as well as the food they were missing in their diet.
The findings contributed to the launch of the food bank by Mesila, charity Lasova and the Tel Aviv Foundation. The project is currently serving 600 families who visit twice a month.
“Our aim is to reach 1,000 families, we still have a waiting list because we couldn’t take all at once,” Ms Silverlieb said.
Wheeling buggies and small shopping trolleys, customers walk down an alley beside the food bank and wait their turn.
Signs inside written in Arabic, English and Tigrinya – the language commonly spoken in Ethiopia's northern Tigray region and in the highlands of Eritrea – indicate the quantities each family can take.
Extra donations, such as fancy dress costumes, sit in a basket.
Sitting outside on a plastic chair, one of the customers said shelves were stocked with food essentials.
“What we need additionally is nappies and milk,” said the woman, 33, who has three young children.
She remembered the fear which struck her Eritrean community when coronavirus emerged, both of the disease and the financial fallout.
“We always work from hand to mouth,” she said, 11 years after arriving in Israel.
“I stopped working first because of coronavirus, then second because of my health,” she said of problems unrelated to the Covid-19 pandemic.
Israel has eased most restrictions imposed during the pandemic, allowing many asylum seekers to return to work in service industries.
Since November 1, tourists have been allowed to enter in large numbers for the first time since March last year.
Despite such developments, many asylum seekers are still struggling to feed themselves. Some 80 per cent of the community was unemployed for nearly a year, Mesila said, and rarely had savings.
“Previously I worked and I paid for my rent, then I had nothing,” said the 30-year-old Eritrean, explaining how grateful she was to receive groceries.
“But now I get support from this food bank," she said. "I serve food to my children every night, every day.”
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.”
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
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What are the regulations?
- Fly it within visual line of sight
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- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
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Dubai College A 50-12 Dubai College B
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Company profile
Company name: Suraasa
Started: 2018
Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker
Based: India, UAE and the UK
Industry: EdTech
Initial investment: More than $200,000 in seed funding
The specs: 2018 Jeep Compass
Price, base: Dh100,000 (estimate)
Engine: 2.4L four-cylinder
Transmission: Nine-speed automatic
Power: 184bhp at 6,400rpm
Torque: 237Nm at 3,900rpm
Fuel economy, combined: 9.4L / 100km
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