Tear gas canisters fall around a barricade of burning tyres at an entrance to the Jenin refugee camp in the occupied West Bank during a raid by Israeli security forces. AFP
Tear gas canisters fall around a barricade of burning tyres at an entrance to the Jenin refugee camp in the occupied West Bank during a raid by Israeli security forces. AFP
Tear gas canisters fall around a barricade of burning tyres at an entrance to the Jenin refugee camp in the occupied West Bank during a raid by Israeli security forces. AFP
Tear gas canisters fall around a barricade of burning tyres at an entrance to the Jenin refugee camp in the occupied West Bank during a raid by Israeli security forces. AFP

In Jenin refugee camp, anger is directed at both Israel and Palestinian Authority


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The journey of the Palestinian who opened fire at a streetside bar in Tel Aviv last week, killing three young Israeli men, began a two-hour drive away in an impoverished refugee camp inside the occupied West Bank.

Twenty years after Jenin became the site of one of the biggest battles of the second Palestinian uprising, Israel is once again launching near-daily raids into the camp and trading fire with armed refugees.

Decades of dispossession, poverty and violence have strengthened the camp's reputation as a bastion of armed struggle against Israeli rule.

Tyres, gutted appliances and rubble are piled up near the entrances to the camp, which is transformed into a fortress at night, when the raids usually occur. Narrow roads wind through a maze of squat concrete homes built on a hillside, some adorned with portraits of dead Palestinians and the flags of armed factions.

Palestinians have killed 14 Israelis in a series of attacks in recent weeks, and violence at the Al Aqsa Mosque compound in Jerusalem on Friday raised tensions higher.

  • Israeli emergency teams clean up blood on the floor of a restaurant and bar on Dizengoff Street in Tel Aviv. EPA
    Israeli emergency teams clean up blood on the floor of a restaurant and bar on Dizengoff Street in Tel Aviv. EPA
  • A Palestinian gunman shot dead two Israelis at the restaurant and wounded more than 10 others, three of them seriously. Getty
    A Palestinian gunman shot dead two Israelis at the restaurant and wounded more than 10 others, three of them seriously. Getty
  • Dizengoff Street, at the centre of the Mediterranean coastal city, is known for its bars and restaurants. Getty
    Dizengoff Street, at the centre of the Mediterranean coastal city, is known for its bars and restaurants. Getty
  • Israeli security forces are on high alert after a series of attacks left 11 people dead within eight days at the end of March. AFP
    Israeli security forces are on high alert after a series of attacks left 11 people dead within eight days at the end of March. AFP
  • The attacker was hunted down and killed in an exchange of gunfire with Israeli police. AFP
    The attacker was hunted down and killed in an exchange of gunfire with Israeli police. AFP
  • An ultra-Orthodox Jewish man reacts outside the scene of the shooting. AFP
    An ultra-Orthodox Jewish man reacts outside the scene of the shooting. AFP
  • The attack on the bar caused scenes of mass panic in the Mediterranean coastal city. AFP
    The attack on the bar caused scenes of mass panic in the Mediterranean coastal city. AFP
  • Police closed roads and ordered public transport to be shut down during the search for the man, who was later found hiding near a mosque in Jaffa. EPA
    Police closed roads and ordered public transport to be shut down during the search for the man, who was later found hiding near a mosque in Jaffa. EPA
  • Israeli forces killed six Palestinians in the occupied West Bank in the last week of March after a surge in violence. Reuters
    Israeli forces killed six Palestinians in the occupied West Bank in the last week of March after a surge in violence. Reuters
  • A forensics expert gathers evidence at the restaurant in Tel Aviv. AFP
    A forensics expert gathers evidence at the restaurant in Tel Aviv. AFP
  • One police official there was a lot of blood and shattered glass shattered after the shooting. AFP
    One police official there was a lot of blood and shattered glass shattered after the shooting. AFP
  • Most patrons of the restaurant did not fully comprehend what had happened in the immediate aftermath of the shooting. EPA
    Most patrons of the restaurant did not fully comprehend what had happened in the immediate aftermath of the shooting. EPA
  • Israeli security forces patrol Dizengoff Street after the shooting on Thursday night. EPA
    Israeli security forces patrol Dizengoff Street after the shooting on Thursday night. EPA
  • Defence Minister Benny Gantz said Israel will broaden its operations against the 'wave of terror' and that the attackers and those who send them will pay a 'heavy price'. AFP
    Defence Minister Benny Gantz said Israel will broaden its operations against the 'wave of terror' and that the attackers and those who send them will pay a 'heavy price'. AFP
  • Security forces take aim outside the restaurant on Dizengoff Street immediately after the attack. AFP
    Security forces take aim outside the restaurant on Dizengoff Street immediately after the attack. AFP

Last Thursday, Raad Hazem, 28, from the Jenin camp, attacked the bar in central Tel Aviv and eluded a manhunt for hours before police shot and killed him near a mosque.

A poster celebrating Hazem as a martyr to the Palestinian cause was hung over the main entrance to the camp after the attack, praising him for “imposing a curfew” on the seaside metropolis.

Israel has launched a wave of arrest raids across the West Bank, igniting clashes with Palestinians. At least 25 Palestinians were killed, many of whom had carried out attacks or were involved in the clashes, but also an unarmed woman and a lawyer who appears to have been killed in error. Twelve were from in or around Jenin.

The renewed violence came as little surprise to Ahmed Tobasi, the artistic director of the Freedom Theatre, which was co-founded by a militant and offers drama classes, performance facilities and a safe space for young Palestinians in the camp.

“What do you expect from a child who grows up in a refugee camp, who sees army raids morning, noon and night?” he said. “His father’s a prisoner, his brother’s a prisoner, his mother has been detained, his friends are prisoners or martyrs.”

“There’s no opportunity to be anything else,” he said.

The camp is home to Palestinian families who fled or were driven out of what is now Israel during the 1948 war surrounding Israel's creation. Like other camps across the Middle East, it has grown into a crowded, built-up neighbourhood where a UN agency provides basic services.

Jenin emerged as a militant stronghold during the 2000-2005 intifada, when Palestinians launched scores of suicide bombings and other attacks against civilians, and Israel imposed closures and carried out deadly raids.

On March 27, 2002, a suicide bomber struck a Passover gathering in the coastal city of Netanya, killing at least 30 people and wounding 140 others.

Days later, Israeli troops launched an operation in the Jenin camp. For eight days and nights they fought militants street by street, using armoured bulldozers to destroy rows of homes, many of which had been booby-trapped.

An AP reporter who visited the camp afterward said it looked like an earthquake had hit.

At least 52 Palestinians, up to half of whom may have been civilians, were killed in the fighting, according to the UN. Twenty-three Israeli soldiers were killed, including 13 in a single ambush.

Two decades later, the Palestinians' dream of an independent state in the West Bank, East Jerusalem and Gaza — territories Israel captured in the 1967 Middle East war — is more remote than before.

A man takes shelter as a Palestinian militant fires towards Israeli troops during raid inside the Jenin refugee camp on April 9, 2022. EPA
A man takes shelter as a Palestinian militant fires towards Israeli troops during raid inside the Jenin refugee camp on April 9, 2022. EPA

Peace talks ground to a halt more than a decade ago, and Israel continues to build and expand Jewish settlements in the West Bank and East Jerusalem, which it unilaterally annexed and considers part of its capital.

Gaza is ruled by the militant and political group Hamas, and the Palestinian Authority's limited self-rule is confined to West Bank cities and towns.

Israeli Prime Minister Naftali Bennett is opposed to Palestinian statehood and supports the settlements, but his government has taken steps to improve economic conditions, including easing some movement restrictions and issuing thousands of work permits to Palestinians in the West Bank and Gaza.

Israel had hoped such measures would help to prevent a repeat of last year, when protests and clashes in Jerusalem during Ramadan started an 11-day Gaza war.

Now, after the attacks, Israel is tightening restrictions around Jenin and calling on the Palestinian Authority, which co-ordinates with it on security matters, to take action.

But the Palestinian Authority is in a crisis of legitimacy that would grow even worse if it is seen to side with Israel. Palestinian officials said the relentless Israeli raids in Jenin only undermine it further.

Jenin's governor, Akram Rajoub, talks to reporters at his office in the West Bank. AP Photo
Jenin's governor, Akram Rajoub, talks to reporters at his office in the West Bank. AP Photo
We are ready in principle to work on enforcing law and order, and to implement our agreements with the Israelis, but in exchange for what?
Akram Rajoub,
governor of Jenin

“We are ready in principle to work on enforcing law and order, and to implement our agreements with the Israelis, but in exchange for what?” Jenin's governor, Akram Rajoub, told Associated Press.

“I don’t work for the Israelis. If I don’t see a political solution on the horizon, then why should I do anything?”

Yossi Kuperwasser, a retired Israeli general who held senior positions in the West Bank during the intifada and is now at the Jerusalem Centre for Public Affairs, said it is the other way around.

“You’re looking at the chicken and the egg here. We operate there because they don’t,” he said.

Palestinian President Mahmoud Abbas condemned the Tel Aviv attack, but other officials did not.

Mr Rajoub visited the mourning tent of the attacker's family and gave a speech filled with praise that he later posted to Facebook.

“That’s something very disturbing,” Mr Kuperwasser said. “The Palestinian Authority still thinks it’s in an continuing struggle against Zionism and against Israel as the state of the Jewish people.”

Mourners enter the family home Raed Hazem, a Palestinian from Jenin refugee camp who killed three Israelis after opening fire at a Tel Aviv bar on April 8, 2022. Reuters
Mourners enter the family home Raed Hazem, a Palestinian from Jenin refugee camp who killed three Israelis after opening fire at a Tel Aviv bar on April 8, 2022. Reuters

In the Jenin camp, the Palestinian Authority is regarded as a public service provider at best, and at worst as collaborators with the occupation.

Few expect another full-blown uprising. Israeli officials said the recent attacks appear to have been carried out by lone assailants with perhaps some accomplices, rather than by militant groups such as Hamas and Islamic Jihad.

On the streets of Jenin, the tyres are piled up in anticipation of another confrontation.

“We are going to live on our land and die with dignity, and we aren’t going to surrender to the occupation,” Mr Rajoub said.

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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.”

Key recommendations
  • Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
  • Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
  • Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
  • More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
RESULTS

6.30pm: Handicap (rated 95-108) US$125,000 2000m (Dirt).
Winner: Don’t Give Up, Gerald Mosse (jockey), Saeed bin Suroor (trainer).

7.05pm: Handicap (95 ) $160,000 2810m (Turf).
Winner: Los Barbados, Adrie de Vries, Fawzi Nass.

7.40pm: Handicap (80-89) $60,000 1600m (D).
Winner: Claim The Roses, Mickael Barzalona, Salem bin Ghadayer.

8.15pm: UAE 2000 Guineas Trial (Div-1) Conditions $100,000 1,400m (D)
Winner: Gold Town, William Buick, Charlie Appleby.

8.50pm: Cape Verdi Group 2 $200,000 1600m (T).
Winner: Promising Run, Patrick Cosgrave, Saeed bin Suroor.

9.25pm: UAE 2000 Guineas Conditions $100,000 1,400m (D).
Winner: El Chapo, Luke Morris, Fawzi Nass.

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206-cylinder%203-litre%2C%20with%20petrol%20and%20diesel%20variants%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20automatic%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20286hp%20(petrol)%2C%20249hp%20(diesel)%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E450Nm%20(petrol)%2C%20550Nm%20(diesel)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EStarting%20at%20%2469%2C800%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

UAE%20SQUAD
%3Cp%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Aryan%20Lakra%2C%20Ashwanth%20Valthapa%2C%20Asif%20Khan%2C%20Aryansh%20Sharma%2C%20CP%20Rizwaan%2C%20Hazrat%20Billal%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Rohan%20Mustafa%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%20and%20Zawar%20Farid.%3C%2Fp%3E%0A
Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

Pox that threatens the Middle East's native species

Camelpox

Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.

Falconpox

Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.

Houbarapox

Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Company%20profile
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Honeymoonish
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Updated: April 16, 2022, 9:46 AM