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Thousands of residents of Gaza have found themselves homeless after Israel launched hundreds of air strikes on the blockaded Palestinian enclave.
The onslaught comes in response to an unprecedented incursion into Israeli territory by Hamas militants, that left hundreds of Israeli civilians and soldiers dead.
Besides the strikes on what the Israeli military said were targets linked to Hamas, Israel also cut off power, internet and water supply to the territory after the Palestinian group launched thousands of rockets into Israel, as its fighters stormed towns and settlements around Gaza on Saturday morning.
As many as 600 Israelis are believed to have been killed in the attacks, although no official death toll has been issued, and about 2,000 injured, while Hamas claimed to have taken dozens more as hostages.
The majority of dead Israelis and Gazans are civilians, including women, children and the elderly. Israel formally declared a state of war on Sunday.
Palestinian authorities said more than 370 people were killed in the Israeli strikes, and about 2,000 injured.
The Hamas-run administration in Gaza said on Sunday that Israeli warplanes had hit 426 targets in the strikes launched hours after the Hamas attacks, including 13 residential buildings that were completely destroyed and 159 that were damaged.
Shadi Al Hassi, who lived next to the 14-storey Wattan tower in Gaza city's Al Remal neighbourhood that was destroyed on Sunday morning, said he was at a loss where to take his family for safety.
“I left my home at 4.30am after the bombing of the tower by Israeli warplane,” Mr Al Hassi told The National.
He said he had to call the civil defence to assist his father who suffered a head injury from the bombing.
“Suddenly we heard a heavy sound of bombing and dust and smoke covered the area,” he said.
“There is no safe place in Gaza now, everything could be targeted.”
For now, the family are living in his shop in the area, he said.
Power supply
Majed Al Boab, 33, said his neighbour phoned him at 5am to say that at an Israeli commander had called to tell everyone in their building to leave their homes immediately.
“We went to the street with around 150 others who have become homeless now,” he said.
An Israeli water company cut off its supply to Gaza, depriving municipalities in the central region of 50 per cent of their needs, the Gaza government said.
Power supply in the territory was reduced to four hours a day after Israel shut of its 120MW supply, leaving Gaza relying on its 65MW power plant, and that too was expected to last for only a few days unless Israel opened the border to let in more fuel.
The impact on overwhelmed hospitals has been almost instantaneous.
“Since the starting of this escalation the Israeli occupation stopped supplying Gaza with power which is around 70 per cent of Gaza’s needs,” said Ashraf Al Qudra, the spokesman of health ministry of Hamas.
The hospitals of Gaza started to run generators for a long time which could really strain the generator's capacity. Twenty thousand litres of fuel will be needed, decreasing the stock of fuel.”
“We need around 40,000 litres of fuel to run the generator for 12 hours. This will badly affect providing health services for patients and injured especially among the current escalation.”
Mohammed Salah, 44, said he was staying a hospital run by UNRWA, the UN agency for Palestinian refugees, after being forced to leave his home in Beit Lahiya, in the northern Gaza Strip.
“The situation is so difficult – there is no electricity or water in my home which forced me to come here for shelter,” he told The National.
Adnan Abu Hasna, a media adviser for UNRWA in the Gaza Strip, said that at least 20,363 displaced citizens were sheltering at 44 UNRWA schools in the territory.
The Hamas offensive appears to have surprised civilians in Gaza as much as it did Israel, with some expressing support for it despite the heavy price.
Mahmoud Mustafa, 42, said he wondered if he was dreaming when he saw the news while watching TV at his home in Gaza city's Al Remal neighbourhood.
“What is happening now is the dream of me and my grandparents and the dream of Arabs around the world,” he said.
“No one was expecting what is happening, all Palestinians and Arabs must be proud,” the government employee said while expressing worry over the consequences for his family.
“We will wait the response of Israel and hope for the safety for everyone,” he said.
News of the Hamas attack sent Gazans rushing to groceries and bakeries to buy supplies and food as they feared the operation and its fallout could last for many days.
Resistance groups
Meanwhile families in Gaza who live near the border fled their homes, moving towards the centre of the city, in anticipation of further Israeli bombardments.
“What happened today was a surprise for the Israeli occupation and is a big proof that resistance groups can plan and take the right decision at the right time” Mustafa Alsawaf, political analyst in Gaza told The National.
“The upcoming hours will make the Israeli occupation more confounded especially if more Palestinian parties engage in the fight beside the possibility of the engagement from other Arabian fronts,” he added.
Syria hosts a number of Iran-backed groups who express the hope of attacking Israel with rockets and drones over the Golan Heights.
“The Israeli soldiers and settlers who are captured by the resistance now are part of the battle aims, this will force the occupation to free the Palestinian prisoners inside Israeli prisons,” he continued.
“What is happening is unimaginable, the round of escalation is now difficult, and the Israeli reaction will be harsh” Naeem Abed Alnasser, 29, told The National.
“We don't know how it will end or what will happen, we worry about our families and children,” Naeem continued.
Hundreds of Gaza residents were calling for victory in Gaza's streets as Palestinian fighters brought in scores of captive Israeli soldiers and settlers, as well as an unknown number of foreign citizens, after they captured them from Israeli settlements. Hamas said they were not hostages, but “prisoners of war.”
Hamas fighters were moving around in the streets of Gaza after capturing Israeli armoured vehicles from nearby Israeli military camps.
“As a Palestinian people, we should be proud of what our heroic resistance has achieved, and despite all the restriction on us they succeeded to confront this enemy and beat them to death” Mohammed AlHato, 34, told The National.
“The scenes we have watched give us hope that we will liberate our lands one day,” he continued.
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The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
MATCH INFO
Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai
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.”
UAE currency: the story behind the money in your pockets
THE%20SPECS
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Director: Elie Semaan
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Rating: 3/5
Simran
Director Hansal Mehta
Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey
Three stars
ULTRA PROCESSED FOODS
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- Margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars
- Energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- Infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes
- Many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Matches 68; Wins 35; Draws 19; Losses 14; Goals For 133; Goals Against 82
- Eighth place in Premier League in 2015/16
- Runners-up in Europa League in 2016
- Runners-up in League Cup in 2016
- Fourth place in Premier League in 2016/17
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Engine: 4.0-litre, twin-turbocharged V8
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Ms Yang's top tips for parents new to the UAE
- Join parent networks
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Jetour T1 specs
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Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
The specs
AT4 Ultimate, as tested
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Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
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