Dozens of Palestinians injured in West Bank amid Israeli settler march


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Dozens of Palestinian protesters were injured by rubber bullets and tear gas fired by Israeli soldiers near Nablus on Tuesday, paramedics in the West Bank said.

At least eight were treated at the scene, close to the village of Burqa.

Violence broke out after several thousand Israeli extremist settlers and their families held a march calling for a settlement to be rebuilt.

Homesh was dismantled in 2005 under the agreement to end Israel’s occupation of Gaza.

Palestinians holding a counter-demonstration blocked roads with burning tyres.

The Israeli army had been deployed to keep roads open to enable the march to go ahead.

  • Palestinians mourn the death of a friend who was shot dead by Israeli security forces in Nablus during military operations in the occupied West Bank. All photos: AFP
    Palestinians mourn the death of a friend who was shot dead by Israeli security forces in Nablus during military operations in the occupied West Bank. All photos: AFP
  • A Palestinian child keeps his distance from burning tyres in the refugee camp of Jenin in the occupied West Bank after an Israeli military raid.
    A Palestinian child keeps his distance from burning tyres in the refugee camp of Jenin in the occupied West Bank after an Israeli military raid.
  • Israeli troops intensified operations around Jenin after an assailant from the district shot and killed three people and wounded 12 in a Tel Aviv bar.
    Israeli troops intensified operations around Jenin after an assailant from the district shot and killed three people and wounded 12 in a Tel Aviv bar.
  • Palestinian children burn tyres in Jenin.
    Palestinian children burn tyres in Jenin.
  • Israeli army soldiers take part in a military operation in Jenin in the occupied West Bank.
    Israeli army soldiers take part in a military operation in Jenin in the occupied West Bank.
  • Smoke billows after an explosive package left by Palestinians is detonated on a roadside in the occupied West Bank.
    Smoke billows after an explosive package left by Palestinians is detonated on a roadside in the occupied West Bank.
  • Israeli army military vehicles take part in the operation in Jenin.
    Israeli army military vehicles take part in the operation in Jenin.

The 14-kilometre march ended at the site of the former settlement, having bypassed bypassing several Palestinian villages, the Times of Israel reported.

Speeches were made and former Israeli politician Idit Silman, who quit the government this month on religious grounds, was there.

The Israeli military did not formally authorise the march, which was held at a time of heightened tension and violence around Jerusalem’s Al Aqsa Mosque.

Israeli riot police drew widespread international condemnation after entering the mosque’s grounds twice in the past few days and using tear gas and rubber bullets.

Fourteen people, including two Ukrainians and 26 Palestinians, have died in violence in Israel in the past few weeks.

The country captured the West Bank in the 1967 Middle East war. In the decades since, it has built dozens of settlements.

They house more than 500,000 Israelis in proximity to about three million Palestinians. The Palestinians seek the territory as the heartland of a future independent state.

Homesh was built on private Palestinian land in the occupied West Bank and was dismantled in 2005. In the years since, Israeli settlers have staged several marches, rallies and attempts to rebuild it, in contravention of military orders and Israeli law.

The area has been the scene of frequent violence by settlers and Palestinians in recent months. In December, Palestinian militants killed a Jewish settler near the site of the former settlement, and a month earlier six farmers were admitted to hospital after settlers attacked them with stones and metal batons.

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Richard Flanagan
Chatto & Windus 

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Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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Manchester City 3 (Silva 8' &15, Foden 33')

Birmginahm City 0

Man of the match Bernado Silva (Manchester City)

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Uefa Champions League semi-finals, first leg
Liverpool v Roma

When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome

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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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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Sector: AgriTech

Initial investment: None to date

Partners/Incubators: UAE Space Agency/Krypto Labs 

The specs

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Power: 712hp at 6,100rpm

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What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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Specs

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Updated: April 19, 2022, 5:45 PM