Palestinians cross from the northern Gaza Strip to the south after Israel and Hamas agreed to a temporary truce. EPA
Palestinians cross from the northern Gaza Strip to the south after Israel and Hamas agreed to a temporary truce. EPA
Palestinians cross from the northern Gaza Strip to the south after Israel and Hamas agreed to a temporary truce. EPA
Palestinians cross from the northern Gaza Strip to the south after Israel and Hamas agreed to a temporary truce. EPA

Israel cannot create same scale of displacement in south Gaza as it did in north, US says


Ellie Sennett
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Israel cannot recreate scale of displacement from northern Gaza when its operation moves to the south, a senior US official said, arguing that if replicated, the impacts would be “beyond the capacity of any humanitarian support network”.

A senior official from President Joe Biden's administration told reporters on Monday evening that “from the President down”, Washington has been clear to Israel that “when it moves to the south, it must be done in a way … not designed to produce significant further displacement of persons”.

“It will be beyond disruptive, it will be beyond the capacity of any humanitarian support network, however reinforced, however robust, to be able to cope with. It can't happen,” the official emphasised.

Israel's military bombardment of Gaza in response to the deadly October 7 Hamas attacks has so far killed almost 15,000 Palestinians.

The focus on northern Gaza has already displaced about 1.7 million people, nearly three quarters of Gaza's population, with 900,000 packing into crowded UN-run shelters, according to the world body.

The US is one of Israel's closest and most uncritical allies, providing the country with more aid than any other nation. Following the Hamas attacks, Biden administration moved quickly to secure billions more in funding for Israel as it carries out its military operation in Gaza.

The administration official signalled Washington has urged its ally to be “extremely careful” as it plans to move south.

The official added that it “also has to be conducted in a way that is maximally deconflicted with humanitarian facilities”, including hospitals, water and UN-supported shelters.

“We have these discussions on a constant basis with Israel. And if you ask me to characterise the response, it's a receptive one,” the official added.

Last week, Gaza's Health Ministry said it had stopped co-ordinating with the World Health Organisation in evacuating patients and medical staff from hospitals after Israel arrested a number of people at Al Shifa Hospital, the largest in the besieged enclave.

Israeli forces had earlier stormed Al Shifa after encircling it and bombing areas adjacent to hospital buildings, killing scores of people, as about 1,500 sheltered inside. Israel claimed there was a series of tunnels located under the hospital.

Meanwhile, the US military on Tuesday assisted in relief flights carrying “medical items, food aid and winter items” into Gaza from Egypt, a senior official said.

The official said “the first of three relief flights that are facilitated by the unique capabilities of the US military” were due to arrive in the northern Sinai in Egypt on Tuesday, bound for Gazans in desperate need of aid after weeks of Israeli military bombardment.

"US Centcom supported USAID by airlifting more than 54,000 pounds [24,500 kilograms] of humanitarian supplies to provide medical supplies and food to the people of Gaza," Central Command said on X.

The UN will distribute the goods, which the official said will include “more food stocks, specific food items for children, winter clothing and additional food supplies”.

The military-assisted deliveries build on five previous commercially supported flights that came in to northern Egypt.

The official refused to respond to questions over whether the assistance flights were a form of pressure on the Israeli government to further extend a four-day truce that received a two-day expansion on Monday.

“The intent here is simply to ensure a significant flow of humanitarian assistance, and particularly the kind of humanitarian assistance that is needed right now some of the winterisation items that I mentioned are arriving quickly,” the official said.

  • Cancer patients and injured people from Gaza arrive at Abu Dhabi International Airport. Chris Whiteoak / The National
    Cancer patients and injured people from Gaza arrive at Abu Dhabi International Airport. Chris Whiteoak / The National
  • Palestinians gather to receive flour distributed by the UN during a temporary truce between Hamas and Israel, in Khan Younis in the southern Gaza Strip. Reuters
    Palestinians gather to receive flour distributed by the UN during a temporary truce between Hamas and Israel, in Khan Younis in the southern Gaza Strip. Reuters
  • A Palestinian man carries flour bags distributed by UNRWA. Reuters
    A Palestinian man carries flour bags distributed by UNRWA. Reuters
  • A Palestinian woman presents her ration card to receive food. Reuters
    A Palestinian woman presents her ration card to receive food. Reuters
  • Palestinian detainee Khalil Zama hugs a relative after being released from an Israeli jail, at his home in Halhul in the occupied West Bank. AFP
    Palestinian detainee Khalil Zama hugs a relative after being released from an Israeli jail, at his home in Halhul in the occupied West Bank. AFP
  • Tal Almog-Goldstein in a bus after he was released by Hamas. AFP
    Tal Almog-Goldstein in a bus after he was released by Hamas. AFP
  • Members of the Al Qassam Brigades handing Israeli hostages over to officials from the International Committee of the Red Cross in Gaza. AFP
    Members of the Al Qassam Brigades handing Israeli hostages over to officials from the International Committee of the Red Cross in Gaza. AFP
  • Palestinians fleeing northern Gaza move south as aid convoys head in the opposite direction, near Gaza city. Reuters
    Palestinians fleeing northern Gaza move south as aid convoys head in the opposite direction, near Gaza city. Reuters
  • A helicopter carrying Israeli hostages released by Hamas lands in Petah Tikva, Israel. Getty Images
    A helicopter carrying Israeli hostages released by Hamas lands in Petah Tikva, Israel. Getty Images
  • Israeli military patrolling the Gaza Strip during a temporary truce. Reuters
    Israeli military patrolling the Gaza Strip during a temporary truce. Reuters
  • View of what the Israeli military says are lorries carrying humanitarian aid being transported to Gaza, at a location given as the Nitzana border crossing. Reuters
    View of what the Israeli military says are lorries carrying humanitarian aid being transported to Gaza, at a location given as the Nitzana border crossing. Reuters
  • US President Joe Biden speaks about the release of hostages from Gaza, in Nantucket, Massachusetts. AFP
    US President Joe Biden speaks about the release of hostages from Gaza, in Nantucket, Massachusetts. AFP
  • A Red Cross bus carries Palestinians detainees released from Israeli jails in exchange for hostages released by Hamas, in Ramallah in the occupied West Bank. AFP
    A Red Cross bus carries Palestinians detainees released from Israeli jails in exchange for hostages released by Hamas, in Ramallah in the occupied West Bank. AFP
  • Yahel Shoham, three, and Sharon Avigdori, released Israeli hostages, interact shortly after their arrival in Israel. Reuters
    Yahel Shoham, three, and Sharon Avigdori, released Israeli hostages, interact shortly after their arrival in Israel. Reuters
  • Palestinians walk among the rubble, as they inspect houses destroyed in Israeli strikes. Reuters
    Palestinians walk among the rubble, as they inspect houses destroyed in Israeli strikes. Reuters
  • Palestinian women bake on wood fire outside their damaged homes in Khezaa district, near Khan Younis. AFP
    Palestinian women bake on wood fire outside their damaged homes in Khezaa district, near Khan Younis. AFP
  • Damage in Khezaa district after weeks of Israeli bombardment. AFP
    Damage in Khezaa district after weeks of Israeli bombardment. AFP
  • Israeli soldiers who have recently left the Gaza Strip organise their equipment. Getty Images
    Israeli soldiers who have recently left the Gaza Strip organise their equipment. Getty Images
  • Destruction in Gaza city. AFP
    Destruction in Gaza city. AFP
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Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

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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.”

The Beach Bum

Director: Harmony Korine

Stars: Matthew McConaughey, Isla Fisher, Snoop Dogg

Two stars

TCL INFO

Teams:
Punjabi Legends 
Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17

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'Avengers: Infinity War'
Dir: The Russo Brothers
Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
Four stars

Updated: November 29, 2023, 6:09 AM