Four people were killed in Israeli strikes on southern Lebanon on Thursday night as border fighting reached a peak after weeks of clashes.
Israel pummelled southern Lebanon after a volley of Hamas and Hezbollah rockets were fired from across the border, killing four in the Wadi Saluki area, according to state media.
Hamas's Al Qassam brigades said it had launched 12 rockets at the northern Israeli city of Kiryat Shmona and its surroundings "in response to the massacre in Gaza", while Hezbollah said it had launched 19 simultaneous attacks, firing artillery and missiles at border posts.
The Israeli military later said it was striking a series of Hezbollah targets across the border.
While Israel and Lebanese militants have regularly traded fire in recent weeks, the Thursday attacks were the most significant since the Israel-Gaza war began in early October.
Two Israelis were wounded by shrapnel in Kiryat Shmona, the most populous settlement in the border region, which has been largely emptied in recent weeks amid a rise in cross-border clashes.
The threat of a wider regional conflict is mounting as Israel continues to pound the besieged Gaza Strip, where more than 9,000 people have been killed in air strikes, about three quarters of them women, children or elderly.
That threat grew more pronounced on Thursday night as Iraqi militia groups claimed a drone fired towards Israeli positions on Dead Sea earlier in the day.
In a statement on pro-militia Telegram channels, the "Islamic Resistance of Iraq" claimed the attack was "in support of our people in Gaza, and in response to the massacres committed ... against Palestinian civilians".
There was no immediate comment from Israel.
It comes a day before Hezbollah chief Hassan Nasrallah is due to make his first comments on the Israel-Gaza war, which has claimed the lives of more than 10,400 people in less than a month.
More than 70 Lebanese have been killed by Israeli attacks since October 7, as Lebanon becomes more enmeshed in the war in Gaza.
This includes 50 Hezbollah fighters and Reuters journalist Issam Abdallah, who was killed while covering Israeli air strikes on southern Lebanon.
Referencing the fighting during a nightly press briefing, Israeli army spokesman Daniel Hagari said Israel “will respond with action and not words”.
“Dozens of jets are flying all over the Middle East at any given time. Our enemies see that,” he said on Thursday.
The military also accused Iran of sending proxy militias from Syria into southern Lebanon to attack Israel, a claim denied by Hezbollah.
Hezbollah said it had launched the Thursday attack in response to Israeli fire on the disputed Shebaa Farms.
Analysts say Mr Nasrallah is unlikely to declare all-out war on Israel, with many Lebanese fearing such a conflict could push an already struggling country past its breaking point.
The White House on Thursday said that it was concerned by the escalation.
“We're concerned about continued attacks on Israeli forces there in the north, as are the Israelis,” National Security Council spokesman John Kirby told reporters during a news briefing.
However he added that “I don't believe we've seen any indication yet specifically that Hezbollah is ready to go in full force”.
Speaking before departing the US for another visit to Israel, Secretary of State Antony Blinken also said Washington is looking to avoid further fighting on the border.
“We are determined to prevent escalation on any of these fronts, whether its Lebanon … the West Bank, whether it’s anywhere else in the region,” he told reporters on the tarmac.
France has also called for calm between Lebanon and Israel.
Defence Minister Sebastien Lecornu is currently on a visit to Lebanon, warning against a wider regional conflict.
A war with Israel “could have major escalatory effects on the whole region”, Mr Lecornu said in a visit to French UN peacekeepers in the south on Thursday.
President Emmanuel Macron has also said Paris is working to maintain calm between the two countries, while Foreign Minister Catherine Colonna is also due to visit the Middle East on Sunday in a bid to bolster diplomatic efforts to end the war.
Israel has warned any conflict with Lebanon would be much more destructive than the 2006 Lebanon war, which killed at least 1,200 Lebanese.
“Hezbollah may decide to act, and we will have to respond,” Israeli Strategic Affairs Minister Ron Dermer told reporters earlier this week.
“The response now will make what happened in 2006 look like child's play.”
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Company%20profile
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Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
COMPANY%20PROFILE
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THE BIO
Favourite book: ‘Purpose Driven Life’ by Rick Warren
Favourite travel destination: Switzerland
Hobbies: Travelling and following motivational speeches and speakers
Favourite place in UAE: Dubai Museum
Despacito's dominance in numbers
Released: 2017
Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon
Views: 5.3 billion on YouTube
Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification
Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.
Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards
COMPANY%20PROFILE
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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.
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MATCH INFO
Uefa Champions League semi-final, first leg
Tottenham 0-1 Ajax, Tuesday
Second leg
Ajax v Tottenham, Wednesday, May 8, 11pm
Game is on BeIN Sports
How to turn your property into a holiday home
- Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
- Research equivalent Airbnb homes in your location to ensure competitiveness.
- Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
- Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
- Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.
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.”
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
EA Sports FC 25
Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, Xbox One and Xbox Series X/S
Rating: 3.5/5
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million