A man looks out from a damaged building in Ashkelon, southern Israel, after rockets were launched from the Gaza Strip. Reuters
A man looks out from a damaged building in Ashkelon, southern Israel, after rockets were launched from the Gaza Strip. Reuters
A man looks out from a damaged building in Ashkelon, southern Israel, after rockets were launched from the Gaza Strip. Reuters
A man looks out from a damaged building in Ashkelon, southern Israel, after rockets were launched from the Gaza Strip. Reuters

Israelis process 'worst assault' in country's history following Hamas attacks


Thomas Helm
  • English
  • Arabic

Talking to Israelis from their bomb shelters, basements and cars as they seek safety is, for now, the best way to comprehend the scale of attacks on the country on Saturday.

“I have friends hiding in their basements on the border with their kids like the Holocaust,” Josh from Tel Aviv told The National.

“Watching this makes me sick to my stomach."

He said there were reports of people, including women and children, being kidnapped and taken to Gaza.

“I have friends who have been hiding in their basement for six hours as terrorists knock on doors of their kibbutz," he said.

The ruling Hamas militant group in the Gaza Strip carried out an unprecedented attack on Israel at daybreak on Saturday, firing thousands of rockets as dozens of fighters infiltrated the heavily fortified border, catching the country off guard on a major holiday.

Israeli Prime Minister Benjamin Netanyahu declared the country was “at war” and called for a mass mobilisation of army reserves.

Israel's ambulance service said at least 40 Israelis were killed and hundreds wounded in the Hamas attack but the total appeared likely to rise, making it the deadliest attack in Israel in years.

The Palestinian Health Ministry confirmed at least 198 were killed so far while 1,610 were wounded by Saturday afternoon in Gaza following Israeli retaliation on the Palestinian territory.

Terry, also from Tel Aviv, recounted the terrifying moment he rushed his children to a bomb shelter.

“We’re in the Jewish festival of Sukkot. We were sleeping in our Sukkah [a temporary hut constructed for use during the week-long holiday] yesterday with our kids, in our garden,” he told The National.

"We were woken up at 6.30 by the sirens. When you’re outside it was booming. It was pretty crazy to go running from there into the bomb shelter.

“They’ve taken the happiest day in the Jewish calendar and have tried to do the worst possible thing that they could do. This is just the beginning. It’s going to get considerably worse.”

Israelis donate blood in Tel Aviv's Sourasky Medical Centre after an official plea for donations, on Saturday. Getty Images
Israelis donate blood in Tel Aviv's Sourasky Medical Centre after an official plea for donations, on Saturday. Getty Images

Terry claimed children had been kidnapped during the violence.

"Israeli kids are currently in Gaza. I’ve tried to keep my children away from this. I don’t want them to have PTSD," he said.

“It is the scariest possible thing you can imagine: masked, gunmen terrorists breaking into your house early in the morning.

"It’s one thing having missiles, but breaking into your most personal space in the world and taking you away is something else."

He said he had not yet made contact with about his half of his family. “They live in Ashdod. All my nephews have been called up for reserve duty," he said.

Ari said he had to physically throw children into a bomb shelter, as a rocket slammed into the ground a couple of hundred metres from his Tel Aviv home.

“I was the last one in. There were kids streaming in and I was throwing them down," he said.

"Just before I got down, we heard a massive boom. I looked behind and there was smoke billowing out.”

The overwhelming sense among people right now is one of national solidarity, and particular horror that Israeli hostages, military and civilian, now appear to be held by Hamas in Gaza.

“I will absolutely not leave here. It’s an honour to protect yourself,” Terry said.

The former head of Israel’s National Security Council Giora Eiland told The National he does not think the authorities "will try to do something specifically today in regards to these people”, referring to the Israeli hostages.

“I think this will happen in the second phase once we push back the Hamas fighters to Gaza. But one of the main goals will be to bring them back, hopefully alive. I don’t think we’ll stop the operation until we have them.”

Despite Israeli unity in the face of these events, something rare in recent months as the country reels from mass protests against the new government’s controversial judicial reform, questions are already being asked about how such a disaster was allowed to happen, in a country that invests so much on deterrence.

Residents near a fire in Ashkelon, Israel, after rockets were launched from the Gaza Strip on Saturday. Reuters
Residents near a fire in Ashkelon, Israel, after rockets were launched from the Gaza Strip on Saturday. Reuters

“The magnitude of this intelligence failure will need some serious inquiry but in the meantime we have to get control of our borders, which are still open, and for the first time since 1948, recapture Israeli communities,” Josh said.

Terry called for “maximum force” from Israel, which he said should mete out a “horrendous price for other enemies thinking of jumping on the bandwagon”.

“Deterrence is the best way of keeping some sort of peace here,” he said.

“If we don’t have deterrence, like we saw in Lebanon in 2006 where it’s been quiet ever since, there will be a lot more lives lost. This will be a stronger response than 2006.”

He also called for international solitary, something he was not too confident Israel would receive in the weeks ahead.

“I expect that within three to five days lots of outlets will start accusing Israel of war crimes, as innocent civilians get killed as part of the chase of the Hamas leadership, with their cynical use of human shields," Terry said.

“We have to get back all of the people who’ve been kidnapped alive. If it’s only bodies we need them back as well.

“Every generation has its challenges. I’m very glad we have an army to protect us. Seventy-five years ago there was no army to do so.

“We could only call out to the world and the world was silent. I call out to the free world: we are on the front line, we are on the border with terrorists.

“This is not like the US where there’s some narcotics people on the border. We are literally less than a kilometre away from terrorists.

“When we respond we need you to be with us.”

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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.”

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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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Top New Zealand cop on policing the virtual world

New Zealand police began closer scrutiny of social media and online communities after the attacks on two mosques in March, the country's top officer said.

The killing of 51 people in Christchurch and wounding of more than 40 others shocked the world. Brenton Tarrant, a suspected white supremacist, was accused of the killings. His trial is ongoing and he denies the charges.

Mike Bush, commissioner of New Zealand Police, said officers looked closely at how they monitored social media in the wake of the tragedy to see if lessons could be learned.

“We decided that it was fit for purpose but we need to deepen it in terms of community relationships, extending them not only with the traditional community but the virtual one as well," he told The National.

"We want to get ahead of attacks like we suffered in New Zealand so we have to challenge ourselves to be better."

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Updated: October 07, 2023, 2:03 PM