Israel opens Gaza crossing for Palestinian exports for first time since May war


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Israel allowed exports from Gaza to leave the Palestinian enclave on Monday, for the first time since war broke out between the two sides last month.

Lorries loaded with clothes drove through the Kerem Shalom crossing in southern Gaza, Rami Abu Alreesh, general manager of trade at the territory's Finance Ministry, told The National.

Cogat, a wing of the Israeli military, said on Sunday it would permit the export of agricultural produce. No other items were mentioned.

The export of products abroad and to the Israeli-occupied West Bank depend on “the preservation of security stability”, Cogat said in a statement.

I need to continue despite the loss; we have to live and not give up.

Ahmad Al Nawajha, an official at Gaza’s Agriculture Ministry, said fish and vegetables would be transported out of the enclave on Tuesday.

"Today, farmers are preparing the vegetables and after they are examined by us, they will load them on to trucks to export tomorrow," he told The National.

Mr Al Nawajha said the ban on food exports has caused prices to plummet, leaving farmers unable to cover the costs of irrigating their land or paying workers.

Goods have been banned from passing into Israel since a war broke out on May 10 between the country and Hamas, the militant group that rules Gaza.

At least 260 Gazans were killed in the fighting, the UN said, and 10 civilians in Israel were killed by rocket fire from the territory, medics said.

A fragile ceasefire has been in place since May 21 and some other restrictions imposed by Israel have been partially lifted, including the resumption of fishing up to six miles off the Gazan coast.

Mahmoud Abu Taiem, 55, a farmer in the southern Khan Younis area of Gaza, said he lost his entire crop when he was unable to access his land during the war.

“I used to export around 20 tonnes to 30 tonnes of all kinds of vegetables daily,” he said.

He estimated he had accrued losses of more than $180,000 since the conflict broke out.

"There is no compensation," he told The National.

  • Workers produce construction bricks from the recycled rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
    Workers produce construction bricks from the recycled rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
  • Crushed rock from the recycled rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
    Crushed rock from the recycled rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
  • Workers with the rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
    Workers with the rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
  • Rocks from the recycled rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
    Rocks from the recycled rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
  • Breaking down the rubble of buildings destroyed during the May air strikes. Sanad Latefa for The National
    Breaking down the rubble of buildings destroyed during the May air strikes. Sanad Latefa for The National
  • Workers with the rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
    Workers with the rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
  • Delivering the rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
    Delivering the rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
  • Workers collect the rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National
    Workers collect the rubble of buildings destroyed during the May rocket attacks. Sanad Latefa for The National

Ahmad Al Asttal, another farmer in Khan Younis, said his family lost more than $150,000 in earnings over the same period.

“I used to export around 30 tonnes of each type of vegetable” per day, he said. With so much of their crop gone to waste in recent weeks, he said, his family will export only three tonnes on Tuesday.

“I need to continue despite the loss; we have to live and not give up,” said Mr Al Asttal, 27.

Gisha, an Israeli NGO that campaigns for Palestinians’ freedom of movement, said the crossing was expected to open for two days only, so agricultural products could be sent to the West Bank.

Miriam Marmur, a Gisha spokeswoman, said post was also due to reach Gaza for the first time since early May.

“Obviously, this has also impacted people who have waited for their passports,” she said.

This included passports from foreign embassies and those being processed by Palestinian officials in the West Bank city of Ramallah, she said.

While exports have resumed after more than a month, imports to Gaza through Israel remain severely restricted. Only vital supplies such as medicine, food, fuel and animal fodder are currently allowed, said Ocha, the UN humanitarian agency.

Since the ceasefire entered into force on May 21, the Israeli military has twice launched air strikes on Gaza. There were no reported injuries from the strikes, which were made after Palestinians launched incendiary balloons from the enclave.

The balloons, which started fires on land across the border, were a response to a nationalist Israeli march to celebrate the conquest of East Jerusalem in 1967.

Where to donate in the UAE

The Emirates Charity Portal

You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.

The General Authority of Islamic Affairs & Endowments

The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.

Al Noor Special Needs Centre

You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.

Beit Al Khair Society

Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.

Dar Al Ber Society

Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.

Dubai Cares

Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.

Emirates Airline Foundation

Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.

Emirates Red Crescent

On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.

Gulf for Good

Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.

Noor Dubai Foundation

Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Dubai Rugby Sevens

November 30-December 2, at The Sevens, Dubai

Gulf Under 19

Pool A – Abu Dhabi Harlequins, Jumeirah College Tigers, Dubai English Speaking School 1, Gems World Academy

Pool B – British School Al Khubairat, Bahrain Colts, Jumeirah College Lions, Dubai English Speaking School 2

Pool C - Dubai College A, Dubai Sharks, Jumeirah English Speaking School, Al Yasmina

Pool D – Dubai Exiles, Dubai Hurricanes, Al Ain Amblers, Deira International School

Fatherland

Kele Okereke

(BMG)

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Price, base / as tested: Dh99,900 / Dh134,900

Engine: 1.6-litre turbocharged four-cylinder

Transmission: Six-speed automatic

Power: 165hp @ 6,000rpm

Torque: 240Nm @ 1,400rpm

Fuel economy, combined: 5.8L / 100km

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

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The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

Brief scores:

Everton 0

Leicester City 1

Vardy 58'

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.”

The Details

Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5 

The specs

Engine: 6.2-litre V8

Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

Price: Dh325,125

On sale: Now

MATCH INFO

Chelsea 1 (Hudson-Odoi 90 1')

Manchester City 3 (Gundogan 18', Foden 21', De Bruyne 34')

Man of the match: Ilkay Gundogan (Man City)

'Skin'

Dir: Guy Nattiv

Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga

Rating: 3.5/5 stars

RESULTS

Bantamweight: Victor Nunes (BRA) beat Azizbek Satibaldiev (KYG). Round 1 KO

Featherweight: Izzeddin Farhan (JOR) beat Ozodbek Azimov (UZB). Round 1 rear naked choke

Middleweight: Zaakir Badat (RSA) beat Ercin Sirin (TUR). Round 1 triangle choke

Featherweight: Ali Alqaisi (JOR) beat Furkatbek Yokubov (UZB). Round 1 TKO

Featherweight: Abu Muslim Alikhanov (RUS) beat Atabek Abdimitalipov (KYG). Unanimous decision

Catchweight 74kg: Mirafzal Akhtamov (UZB) beat Marcos Costa (BRA). Split decision

Welterweight: Andre Fialho (POR) beat Sang Hoon-yu (KOR). Round 1 TKO

Lightweight: John Mitchell (IRE) beat Arbi Emiev (RUS). Round 2 RSC (deep cuts)

Middleweight: Gianni Melillo (ITA) beat Mohammed Karaki (LEB)

Welterweight: Handesson Ferreira (BRA) beat Amiran Gogoladze (GEO). Unanimous decision

Flyweight (Female): Carolina Jimenez (VEN) beat Lucrezia Ria (ITA), Round 1 rear naked choke

Welterweight: Daniel Skibinski (POL) beat Acoidan Duque (ESP). Round 3 TKO

Lightweight: Martun Mezhlumyan (ARM) beat Attila Korkmaz (TUR). Unanimous decision

Bantamweight: Ray Borg (USA) beat Jesse Arnett (CAN). Unanimous decision

'Outclassed in Kuwait'
Taleb Alrefai, 
HBKU Press 

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The specs

Engine: 4.0-litre, six-cylinder

Transmission: six-speed manual

Power: 395bhp

Torque: 420Nm

Price: from Dh321,200

On sale: now