Israel reopened its borders to tourists on Sunday after a brief ban imposed to curb cases of the fast-spreading Omicron variant.
The decision to relax border rules comes amid a record level of coronavirus cases in the country.
“We will find the balance between a functioning economy and management of the crisis,” Prime Minister Naftali Bennett said on Sunday.
Israel barred visitors in late November after Omicron emerged in South Africa.
Officials also prevented citizens and residents from travelling to dozens of countries with high infection rates, including the UK and the US.
The so-called “red list” was scrapped on Friday because the vast amount of infections now are transmitted locally, not among travellers, the Health Ministry said.
Under the new rules, most travellers who are vaccinated against the coronavirus or have recovered from Covid-19 are allowed to visit Israel and the Palestinian Territories. Additional testing is required.
In the past week, Israel has recorded an average of 14,270 cases daily, Health Ministry data show.
The latest figures reflect a surge in cases compared with a month ago, when there were 579 cases daily among the population of nine million.
“This wave will not last forever,” Mr Bennett said at the start of a Cabinet meeting.
“There will be several tough weeks but we will get through them together.”
The prime minister said free coronavirus tests were being given to young children and teachers, as well as to residents of retirement homes. The general population is facing a shortage of tests and high prices at pharmacies.
While the decision to welcome visitors could bring a boost to the economy, those working in the tourism industry remain hesitant.
“The government constantly changes the rules. It’s very difficult to work with,” said Ganit Peleg, chairwoman of Israel’s Tour Guide Association.
Tourists were welcomed back on November 1 for the first time since the pandemic began, but by the end of the month, owing to Omicron, the ban had been reimposed.
“Right now we can’t predict anything,” said Ms Peleg. “I can’t compare it to a war situation, but in a way it’s something that can give you the same feeling. The uncertainty.”
She said some unemployed guides were relying on food parcels, despite a government support package for the tourism industry.
“Your schedule was full two years ahead, and suddenly everything collapsed like cards,” Ms Peleg said about the start of the pandemic.
The ban on visitors has also affected residents in the Palestinian territories, because Israel controls the borders.
The absence of tourists last month hit particularly hard in Bethlehem, the city in the occupied West Bank where Christians believe Jesus was born.
Salwa Musallam, a tour guide in the town, had all her tours cancelled over the Christmas period because of border restrictions.
“In November I had two buses and I was so happy. Finally I got some money in my hands after about two years. And then, it’s gone,” she said.
On Sunday, the Palestinian Health Ministry announced 251 new coronavirus cases in the West Bank, home to about three million people.
The Palestinian Authority, which has limited rule in the West Bank, arranged some cash handouts at the start of the pandemic.
But it has no long-term programme to support those forced out of work by Covid-19.
“The pandemic didn’t just affect me or tourism. In Bethlehem we are all connected. If I have the money, I go shopping, I buy food, I buy clothes, I buy furniture,” Ms Musallam said.
Many tourists plan their trips months in advance, meaning there will be some delay until tour buses line up outside famous sites once more.
“One group per week, I’m happy. One per month, I’m happy,” Ms Musallam said.
“Anything will do for now.”
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
KILLING OF QASSEM SULEIMANI
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
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All matches start at 10am, and will be played in Abu Dhabi
1st ODI, Friday, January 8
2nd ODI, Sunday, January 10
3rd ODI, Tuesday, January 12
4th ODI, Thursday, January 14
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Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
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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Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)