Follow the latest updates on the Israel-Gaza violence here.
Border tensions between Lebanon and Israel heightened on Sunday following two rounds of cross-border shelling between the two states.
The Israeli army retaliated with artillery fire into Lebanon after missiles were fired across the border early on Sunday into what Lebanon says are the Israel-occupied Shebaa Farms.
Lebanon's powerful Iran-backed Hezbollah group took responsibility for the first round of shelling across the border, but it remains unclear who was responsible for a second round about two hours later.
At least two people – both children – were injured in the Israeli retaliation, Lebanon's National News Agency said. The Lebanese Army, confirming the Israeli attacks, later said that the injured civilians were transferred to a hospital.
“In response to a Hezbollah attack from Lebanon into Israel, [Israeli army] artillery struck targets in the area. An IDF UAV also struck Hezbollah terrorist infrastructure in the area of Mount Dov,” the Israeli army said.
Hezbollah said it launched artillery and guided missiles at Israel following Israeli air strikes on the Gaza Strip as an act of solidarity with the “Palestinian resistance and the struggling and patient Palestinian people.”
On Sunday afternoon, Israel again shelled the area in south Lebanon.
Senior Hezbollah official Hashem Safieddine later said his group's “guns and rockets” were with the Palestinian people.
“Our history, our guns and our rockets are with you. Everything we have is with you,” he said on Sunday.
The group said that the attack was on three posts, including a “radar site” in the Shebaa Farms, which Beirut views as Israeli-occupied Lebanese land.
Israel warned Hezbollah against being involved in the fighting.
“We recommend Hezbollah not to come into this. If they come, we are ready,” army spokesman Richard Hecht told reporters.
The UN's peacekeeping force in southern Lebanon said on Sunday morning it “detected several rockets fired from south-east Lebanon towards Israeli-occupied territory in the general area of Kafr Chouba, and artillery fire from Israel to Lebanon in response”.
“We are in contact with authorities on both sides of the Blue Line, at all levels, to contain the situation and avoid a more serious escalation,” Unifil said.
“We urge everyone to exercise restraint and take advantage of the liaison and co-ordination mechanisms undertaken by Unifil to reduce the escalation and prevent the rapid deterioration of the security situation.”
On Sunday afternoon, the Lebanese Army said it was conducting patrols in the border region and was closely monitoring the situation in co-ordination with Unifil.
“It's a normal day in the south. My family is still there,” said Mohammed, 36, who is based in Beirut but originally from a village in the south of Lebanon.
The UN's special co-ordinator for Lebanon Joanna Wronecka said that she was “deeply concerned” by the exchange of fire and urged parties to “shield Lebanon and its people from further conflagration”.
Walid Joumblatt, the figurehead of the Druze minority community in Lebanon, called on Druze fighters in the Israeli military not to attack Palestinian forces.
Surprise attack
It comes as Israel and Gaza endure their worst violence in years, with more than 220 Palestinians and 250 Israelis killed since Saturday when Hamas militants crossed into Israel by air, sea, and land in a surprise attack.
Smoke could be seen rising from the area in a video posted to social media, and residents of towns in northern Israel have been instructed to stay near shelters.
Israeli Prime Minister Benjamin Netanyahu has spoken of a “long war” as Israel grapples with some of the worst violence seen in decades, with a “significant number” of Israelis taken hostage by Hamas militants.
It has responded by launching a barrage of air strikes on the besieged Gaza Strip, killing at least 220 Palestinians and injuring more than 1,700.
The violence has stoked fears of greater tension with countries neighbouring Israel.
Hamas, which controls the blockaded Gaza Strip, called on all Palestinian groups and neighbouring Arab countries to join its attack on Israel.
Lebanese protesters and soldiers gathered at the border with Israel on Saturday as Hamas militants infiltrated almost 20 towns and villages bordering the Gaza Strip, taking a “significant number” of hostages and killing dozens of people at an outdoor festival.
The leader of Hamas' military wing, Mohammed Deif, said the assault was in response to a 16-year blockade of Gaza, increasing settlements and attacks by settlers on Palestinians in the West Bank, Israeli raids inside West Bank cities over the past year, and violent incursions into at Al Aqsa – holy to both Jews and Muslims.
Militants could be seen shooting at civilians in the town of Sderot, where they occupied the police station for several hours and went on house-to-house searches.
Unconfirmed reports suggest several Jordanians have tried to enter the occupied West Bank, where four Palestinians were killed on Saturday.
Hospitals in the West Bank have declared a state of emergency and said they are ready to treat the wounded.
How to join and use Abu Dhabi’s public libraries
• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.
• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.
• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.
• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.
• For more information visit the library network's website.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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Where to Find Me by Alba Arikha
Alma Books
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Sholto Byrnes on Myanmar politics
The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km
UAE currency: the story behind the money in your pockets
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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.”
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.
South Africa World Cup squad
South Africa: Faf du Plessis (c), Hashim Amla, Quinton de Kock (w), JP Duminy, Imran Tahir, Aiden Markram, David Miller, Lungi Ngidi, Anrich Nortje, Andile Phehlukwayo, Dwaine Pretorius, Kagiso Rabada, Tabraiz Shamsi, Dale Steyn, Rassie van der Dussen.
The specs
Price: From Dh529,000
Engine: 5-litre V8
Transmission: Eight-speed auto
Power: 520hp
Torque: 625Nm
Fuel economy, combined: 12.8L/100km
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