Live updates: Follow the latest news on Israel-Gaza
A director of a children’s charity living with his team in overcrowded shelters in Gaza says the situation is “dire” as Israel resumed military operations on Friday.
Speaking from Gaza, Jason Lee, Save the Children’s Country Director in the occupied Palestinian territory, said the aid group was working with other charities to bring supplies into Gaza but warned it is “not enough”.
It comes as Oxfam told The National only a third of aid was able to get through this week.
“The situation is dire and getting worse. We had high hopes that the pauses would be extended but unfortunately this morning the fighting has resumed. One child is being killed every 10 minutes and one child is being injured every five minutes. This conflict is disproportionately affecting children,” Mr Lee said.
Unicef described inaction on Gaza as “an approval of the killing of children”.
“It is reckless to think more attacks on the people of Gaza will lead to anything other than carnage,” spokesman James Elder said.
“The seven-day pause was a reprieve for families to get food and look for loved ones. It was not enough for us to get enough supplies to the north. In the last seven days we have done what we could but it was not enough," Mr Lee said.
“All of my team are living in shelters. They are coordinating bringing in trucks but it is an arduous and complicated process. The scale and scope of what is happening to Gaza is unprecedented for just one aid group to do alone.
“Unfortunately we anticipate continuation of the heavy bombardment and that it will intensify with more air strikes and a high probability of a ground incursion.”
He said there is a real risk of cholera spreading and warned that health services will buckle following the renewed attacks.
Oxfam told The National only a third of aid lorries have been able to access Gaza and is urging the international community to step in.
“Oxfam is funding partners organisations inside Gaza that are responding in their communities, including in northern Gaza, distributing vouchers and cash for food along with hygiene kits,” a spokeswoman said.
“The humanitarian pause brought a welcome respite from air strikes, bombs and terror and allowed some hostages and prisoners to be released but it was never going to be enough to give trapped Palestinians the food, water, basic services, safety and hope that they desperately need.
“Just over 1,000 aid trucks were reported to have entered Gaza during the pause – less than a third of normal weekly humanitarian and commercial trade into Gaza pre-siege.
“The international community must use all diplomatic efforts to press for a lasting a ceasefire, ensure access to humanitarian aid via Israel and Egypt to all those that need it and secure the release of remaining hostages.”
British charity Medical Aid for Palestinians (MAP) told The National it is carrying out the biggest aid mission in its 40 year history.
Its first convoy of aid lorries arrived in Gaza on Wednesday, carrying medicines and supplies for operating theatres and the treatment of traumatic injuries.
It has been delivering the vital aid to four hospitals in southern Gaza: Nasser Hospital and European Gaza Hospital in Khan Younis, Shuhada al Aqsa Hospital in the Middle Area, and Abu Yousef Al Najjar Hospital in Rafah.
Another four lorries have delivered food supplies.
“We are pleased that these crucial medical supplies have been able to enter Gaza,” Fikr Shalltoot, MAP’s Gaza Director who leading its operations in Egypt, said.
“More than two-thirds of hospitals are no longer functioning and healthcare workers are operating under unimaginable conditions, so this aid is vital for Gaza’s remaining hospitals to save lives.
“This convoy will be the first of many, as we mobilise the largest emergency relief effort in MAP’s 40-year history.
“With the health system almost completely collapsed, and 1.8 million people displaced from their homes, our team of humanitarian heroes in Gaza will continue to work tirelessly to support their communities and help save lives.”
In the brief cessation of hostilities, British charity ActionAid has been working with its local partner, Wefaq Society for Women and Childcare to provide hot meals for thousands of women.
It managed to send dozens of lorries of aid into Gaza.
It told The National the pause gave them “a tiny window” in which to deliver just “a fraction of the aid needed”.
“We are deeply concerned for the safety and well-being of women across Gaza who are uniquely affected by the crisis,” it said.
“Thousands of women have had male relatives killed since the start of the war, increasing the number of female-headed households and leaving women to bear the weight of their family’s survival in camps while facing immense trauma and starvation.”
It has provided hot meals to more than 5,600 displaced people in the Rafah area.
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
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Recycle Reuse Repurpose
New central waste facility on site at expo Dubai South area to handle estimated 173 tonne of waste generated daily by millions of visitors
Recyclables such as plastic, paper, glass will be collected from bins on the expo site and taken to the new expo Central Waste Facility on site
Organic waste will be processed at the new onsite Central Waste Facility, treated and converted into compost to be re-used to green the expo area
Of 173 tonnes of waste daily, an estimated 39 per cent will be recyclables, 48 per cent organic waste and 13 per cent general waste.
About 147 tonnes will be recycled and converted to new products at another existing facility in Ras Al Khor
Recycling at Ras Al Khor unit:
Plastic items to be converted to plastic bags and recycled
Paper pulp moulded products such as cup carriers, egg trays, seed pots, and food packaging trays
Glass waste into bowls, lights, candle holders, serving trays and coasters
Aim is for 85 per cent of waste from the site to be diverted from landfill
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.”
Look north
BBC business reporters, like a new raft of government officials, are being removed from the national and international hub of London and surely the quality of their work must suffer.
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
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The Breadwinner
Director: Nora Twomey
Starring: Saara Chaudry, Soma Chhaya, Laara Sadiq
Three stars