A political standoff in Israel — which has led to the largest protests and nationwide strikes since the country’s founding — dramatically escalated on Sunday night when Prime Minister Benjamin Netanyahu fired defence minister Yoav Gallant.
Mr Gallant, a member of Mr Netanyahu’s Likud party, had strongly criticised the Prime Minister’s plans to overhaul the country’s judiciary.
The changes would concentrate power in the executive, by allowing the Prime Minister to influence appointments in the country’s Supreme Court. The proposals would also allow parliament to overturn court decisions by a simple majority vote.
Along with triggering the protests, Mr Netanyahu’s plans have provoked anger across multiple sectors, including the armed forces where serving officers, soldiers and pilots have said they will withhold their duties if the plans are implemented.
This was the trigger for Mr Gallant’s public intervention in the row, when he said on Sunday that the “deepening split is seeping into the military and defence institutions — this is a clear, immediate and real danger to Israel's security”.
Mr Netanyahu’s government removed Mr Gallant on Sunday night saying his remarks had not been co-ordinated with his party.
Who is Yoav Gallant?
The former general entered politics in 2015 after more than 40 years in the military, a career only interrupted briefly in the early 1980s when he left the army to work as a lumberjack in Alaska. But the former commando soon returned to service and went on to lead Shayetet 13, the country’s naval commando unit.
In February, about 550 members of the unit urged Mr Gallant to oppose Mr Netanyahu’s judicial reforms.
“We, who belong to all parts of the nation and have many and varied political views … call on in this time of emergency for the state of Israel to do everything in your power to stop the legislation to weaken the judiciary, to safeguard Israeli democracy,” the former commandos said in a statement.
It is unclear whether this, or the fact that serving Israeli soldiers withheld their military duty in opposition to Mr Netanyahu, influenced Mr Gallant’s comments on Sunday.
After leading the commando force, Mr Gallant went on to command forces in the south of the country near Gaza, eventually rising to the head of the army’s Southern Command.
He led forces during the 2008 operation against Hamas in the Gaza strip, known as Operation Cast Lead, which involved nearly a month of fighting and led to the deaths of 1,417 Palestinians and 13 Israelis.
After leaving the army, his political career progressed rapidly and in 2018 he became the country’s minister of construction.
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4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
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The biog
Name: Sari Al Zubaidi
Occupation: co-founder of Cafe di Rosati
Age: 42
Marital status: single
Favourite drink: drip coffee V60
Favourite destination: Bali, Indonesia
Favourite book: 100 Years of Solitude
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
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8.20pm: Nad Al Sheba Trophy – Group 3 (TB) $200,000 (T) 2,810m
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Killing of Qassem Suleimani
UAE SQUAD
Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Shaiman Anwar, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Ahmed Raza, Sultan Ahmed, Imran Haider, Qadeer Ahmed, Chirag Suri , Zahoor Khan
Match info
Manchester United 1
Fred (18')
Wolves 1
Moutinho (53')
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Infiniti QX80 specs
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COMPANY PROFILE
Name: Kumulus Water
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Founders: Iheb Triki and Mohamed Ali Abid
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