Gaza ceasefire holding after late flurry of attacks


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An Egypt-brokered truce between Israel and Islamic Jihad militants in Gaza appeared to be holding on Monday. This has raised hopes that the recent intense conflict that has left at least 44 Palestinians dead, including 15 children, has ended.

The ceasefire, which officially began at 11.30pm on Sunday, brought to a halt the worst fighting in Gaza since an 11-day war last year devastated the Palestinian coastal territory.

Although a flurry of strikes and rocket attacks took place in the run-up to the truce, with sirens sounding in southern Israel moments before and after the deadline, there were no reports of any major breaches of the truce after it took hold.

  • Riyad Mansour, Palestinian permanent observer to the UN, addresses a Security Council meeting in New York. Reuters
    Riyad Mansour, Palestinian permanent observer to the UN, addresses a Security Council meeting in New York. Reuters
  • Palestinians search through the rubble of a building in which Khaled Mansour, a top Islamic Jihad militant, was killed in an Israeli air strike on Sunday, in Rafah, the southern Gaza Strip. AP
    Palestinians search through the rubble of a building in which Khaled Mansour, a top Islamic Jihad militant, was killed in an Israeli air strike on Sunday, in Rafah, the southern Gaza Strip. AP
  • Mohammad Arada removes a tricycle from the rubble of his home after it was destroyed by an Israeli air strike, in the Rafah refugee camp. AP
    Mohammad Arada removes a tricycle from the rubble of his home after it was destroyed by an Israeli air strike, in the Rafah refugee camp. AP
  • Women mourn during the funeral of four teenage Palestinian cousins in Jabaliya, in the northern Gaza Strip. Reuters
    Women mourn during the funeral of four teenage Palestinian cousins in Jabaliya, in the northern Gaza Strip. Reuters
  • People march during a rally in support of Gaza Strip residents at the Grand Central Terminal in New York. EPA
    People march during a rally in support of Gaza Strip residents at the Grand Central Terminal in New York. EPA
  • Palestinians celebrate on a street in Gaza city after a ceasefire was announced. Reuters
    Palestinians celebrate on a street in Gaza city after a ceasefire was announced. Reuters
  • Palestinians burn tyres near the Huwwara checkpoint, south of the West Bank city of Nablus, during a protest against Israel's air strikes in Gaza. EPA
    Palestinians burn tyres near the Huwwara checkpoint, south of the West Bank city of Nablus, during a protest against Israel's air strikes in Gaza. EPA
  • Children cry during the funeral of Tamim Hijazi in Khan Yunis, a city in the southern Gaza Strip. The Gaza resident was killed in an Israeli air strike. AP
    Children cry during the funeral of Tamim Hijazi in Khan Yunis, a city in the southern Gaza Strip. The Gaza resident was killed in an Israeli air strike. AP
  • Smoke billows from a building struck during an Israeli air strike in Rafah in the southern Gaza Strip. Israel bombarded Islamic Jihad positions in the Gaza Strip for a third day, with 31 Palestinians killed. AFP
    Smoke billows from a building struck during an Israeli air strike in Rafah in the southern Gaza Strip. Israel bombarded Islamic Jihad positions in the Gaza Strip for a third day, with 31 Palestinians killed. AFP
  • Palestinians inspect a destroyed house after an Israeli air strike on Rafah in the Gaza Strip. EPA
    Palestinians inspect a destroyed house after an Israeli air strike on Rafah in the Gaza Strip. EPA
  • A Palestinian rocket is fired from Gaza City toward Israel as Israel bombarded Islamic Jihad positions in the Gaza Strip for a third day. AFP
    A Palestinian rocket is fired from Gaza City toward Israel as Israel bombarded Islamic Jihad positions in the Gaza Strip for a third day. AFP
  • The Palestinian Civil Defence evacuate a wounded man following an explosion in Jebaliya refugee camp, northern Gaza Strip. AP
    The Palestinian Civil Defence evacuate a wounded man following an explosion in Jebaliya refugee camp, northern Gaza Strip. AP
  • A Palestinian man in the rubble of his badly damaged home, which was struck by Israeli missiles in Gaza City. AFP
    A Palestinian man in the rubble of his badly damaged home, which was struck by Israeli missiles in Gaza City. AFP
  • A Palestinian woman and her daughter survey the damage to their home, caused by the Israeli air strikes, in the northern Gaza Strip. Reuters
    A Palestinian woman and her daughter survey the damage to their home, caused by the Israeli air strikes, in the northern Gaza Strip. Reuters
  • Palestinians search the rubble of a building in which Khaled Mansour, a chief Islamic Jihad militant, was killed in an Israeli air strike on Rafah, southern Gaza Strip. AP
    Palestinians search the rubble of a building in which Khaled Mansour, a chief Islamic Jihad militant, was killed in an Israeli air strike on Rafah, southern Gaza Strip. AP
  • An Israeli Iron Dome air defence system launches a missile to intercept rockets fired from the Gaza Strip, on the outskirts of the southern Israeli city of Ashkelon. AFP
    An Israeli Iron Dome air defence system launches a missile to intercept rockets fired from the Gaza Strip, on the outskirts of the southern Israeli city of Ashkelon. AFP
  • The friend of a young Palestinian killed during the night in the Jabaliya refugee camp in the northern Gaza Strip, is overcome at his funeral in the same camp. AFP
    The friend of a young Palestinian killed during the night in the Jabaliya refugee camp in the northern Gaza Strip, is overcome at his funeral in the same camp. AFP
  • The body of Palestinian Muhammad Hassouna, who was killed in an Israeli air strike, is prepared for his funeral at a hospital in Rafah. AP
    The body of Palestinian Muhammad Hassouna, who was killed in an Israeli air strike, is prepared for his funeral at a hospital in Rafah. AP
  • An Israeli Air Force Apache helicopter fires flares in the sky above the Israel-Gaza border. Reuters
    An Israeli Air Force Apache helicopter fires flares in the sky above the Israel-Gaza border. Reuters
  • A Palestinian boy looks out of a car damaged amid Israel-Gaza fighting, in the northern Gaza Strip. Reuters
    A Palestinian boy looks out of a car damaged amid Israel-Gaza fighting, in the northern Gaza Strip. Reuters
  • Israeli police keep watch while Jews visit the Al Aqsa compound in Jerusalem on Sunday. Reuters
    Israeli police keep watch while Jews visit the Al Aqsa compound in Jerusalem on Sunday. Reuters
  • Palestinians search a destroyed building in which leading Islamic Jihad militant Khaled Mansour was killed by an Israeli air strike in Rafah. AP
    Palestinians search a destroyed building in which leading Islamic Jihad militant Khaled Mansour was killed by an Israeli air strike in Rafah. AP
  • Israeli extreme-right politician Itamar Ben Gvir, centre, speaks to the media as he makes his way to the Al Aqsa complex in East Jerusalem. EPA
    Israeli extreme-right politician Itamar Ben Gvir, centre, speaks to the media as he makes his way to the Al Aqsa complex in East Jerusalem. EPA
  • Israelis rest in a bomb shelter after rocket attacks fired from the Gaza Strip, in Ashkelon, southern Israel. Palestinian officials say at least 32 people in Gaza have died in latest surge of violence. AP
    Israelis rest in a bomb shelter after rocket attacks fired from the Gaza Strip, in Ashkelon, southern Israel. Palestinian officials say at least 32 people in Gaza have died in latest surge of violence. AP
  • The Palestinian Islamic Jihad group fires rockets from Gaza City. Israel's military has said it 'neutralised' the group's leadership group in the enclave, where at least 32 people, including six children, have been killed in three days of Israeli strikes. EPA
    The Palestinian Islamic Jihad group fires rockets from Gaza City. Israel's military has said it 'neutralised' the group's leadership group in the enclave, where at least 32 people, including six children, have been killed in three days of Israeli strikes. EPA
  • Palestinian medics take an injured man to hospital. AFP
    Palestinian medics take an injured man to hospital. AFP
  • Palestinians carry an injured girl to hospital following an Israeli strike in the southern Gaza Strip. AFP
    Palestinians carry an injured girl to hospital following an Israeli strike in the southern Gaza Strip. AFP
  • Palestinians search for casualties in the rubble of a residential building in the southern Gaza Strip. AFP
    Palestinians search for casualties in the rubble of a residential building in the southern Gaza Strip. AFP
  • A salvo of rockets is fired from Gaza City towards Israel. AFP
    A salvo of rockets is fired from Gaza City towards Israel. AFP
  • Palestinians gather at a hospital in Jabaliya refugee camp in the northern Gaza Strip. AFP
    Palestinians gather at a hospital in Jabaliya refugee camp in the northern Gaza Strip. AFP

Lorries carrying fuel entered Gaza on Monday morning after the Israeli military said border crossings would be reopened for humanitarian aid from 9am. Israel closed the crossings last week over security fears following the arrest of a senior Islamic Jihad member in the occupied West Bank.

Gaza's sole power station shut down on Saturday after running out of fuel, reducing electricity supply to only a few hours a day. This put the operations of hospitals — already overburdened with casualties — at risk.

But, as fuel deliveries resumed, the plant "started working to generate electricity", distributor spokesman Mohammed Thabet told AFP. Many health facilities in the enclave are dependent on diesel generators for power.

Across the border, Israel reopened access to areas near Gaza that had been closed off since last week, and lifted restrictions on gatherings and most daily activities.

While both sides agreed to the truce, each issued a warning that it would respond with force to any breach.

US President Joe Biden welcomed the ceasefire and thanked Egyptian President Abdel Fattah El Sisi for his country's role in brokering it.

Mr Biden also called for investigations into civilian casualties, which he called a “tragedy”.

UN Middle East peace envoy Tor Wennesland said the situation was “still very fragile”, and urged all parties to abide by the ceasefire.

Israel began a heavy aerial and artillery bombardment of Gaza on Friday in what it called a “pre-emptive strike”, with Islamic Jihad firing hundreds of rockets across the border in retaliation.

Buildings in Gaza were reduced to rubble, while Israelis were forced to seek shelter amid the barrage of rocket fire.

In addition to the 44 people killed, 15 of them children, the Gaza health ministry said 360 people had been wounded in the Palestinian enclave, which is run by militant group Hamas.

The Israeli military released a higher death toll, saying 51 people had been killed in Gaza including 24 militants. It said 16 of the 27 civilian deaths were caused by stray militant rockets.

Muhammad Abu Salmiya, director general of Shifa hospital in Gaza city, said medics were treating wounded people in a “very bad condition”.

Three people in Israel were wounded by shrapnel while 31 others were slightly wounded, emergency services said.

On Sunday, Israeli Prime Minister Yair Lapid's office thanked Egypt for its mediation, but said his country maintained “the right to respond strongly” if the ceasefire agreement was breached.

Islamic Jihad member Mohammad Al Hindi, who confirmed that the militant group had accepted the truce, said that it too reserved “the right to respond” to any aggression.

Islamic Jihad said the ceasefire deal contained “Egypt's commitment to work towards the release of two prisoners”.

The pair were named as Bassem Al Saadi, a senior figure in the group's political wing who was arrested by Israel in West Bank on Monday, and Khalil Awawdeh, a militant also in Israeli detention.

The Israeli army said the entire senior leadership of the military wing of the Islamic Jihad in Gaza had been “neutralised” in its strikes.

The militant group confirmed the deaths of senior commanders Tayseer Al Jabari in Gaza city and Khaled Mansour in Rafah, in the south.

Islamic Jihad is aligned with Hamas but often acts independently. Hamas has fought four wars with Israel since seizing control of Gaza in 2007, including the conflict in May last year.

Gaza resident, Nour Abu Sultan, said she had been waiting anxiously for a ceasefire.

“We haven't slept for days [due to] heat and shelling and rockets; the sound of aircraft hovering above us … is terrifying,” she told AFP.

Dalia Harel, a resident of the Israeli town of Sderot, which is close to the Gaza border, said she was “disappointed” at news of a truce despite her five children being “traumatised”.

“We're tired of having a military operation every year,” she said. “We need our military and political leaders to get it over with once and for all … we are not for war, but we can't go on like this.”

Ceasefire fears

Observers of the conflict welcomed the ceasefire but were keen to emphasise the need for a long-term resolution. UN Secretary General Antonio Guterres said on Sunday he hoped all sides would stick to the truce.

On Monday, Jordanian Foreign Minister Ayman Al Safadi warned of a repetition of the conflict in the absence of peace talks.

"We welcome the truce," Mr Al Safadi told reporters after meeting Yemeni Foreign Minister Ahmed Awad bin Mubarak in Amman.

He said Israel's "aggression" reflected "an unsustainable situation" and that "immediate return to effective and serious negotiations to achieve peace" must be the goal of all those involved in the conflict.

"Every year, month we find ourselves confronting a new explosion on the ground because of an absence of a fundamental solution, which is the two-state solution," Mr Al Safadi said.

"We warn against the absence of a political horizon. What we call for is stopping all unilateral steps that undermine the two-state solution."

Talks between the Palestinian Authority, an arch rival of the militants groups that rule Gaza, and Israel were halted eight years ago as the right-wing Israeli parties extended their grip on the country's politics.

With reporting from AFP

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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While you're here
Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

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Fuel consumption: 10.6L/100km

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Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Juliot Vinolia’s checklist for adopting alternate-day fasting

-      Don’t do it more than once in three days

-      Don’t go under 700 calories on fasting days

-      Ensure there is sufficient water intake, as the body can go in dehydration mode

-      Ensure there is enough roughage (fibre) in the food on fasting days as well

-      Do not binge on processed or fatty foods on non-fasting days

-      Complement fasting with plant-based foods, fruits, vegetables, seafood. Cut out processed meats and processed carbohydrates

-      Manage your sleep

-      People with existing gastric or mental health issues should avoid fasting

-      Do not fast for prolonged periods without supervision by a qualified expert

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

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Diriyah%20project%20at%20a%20glance
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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

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Updated: August 09, 2022, 6:49 AM