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The mother of an American-Israeli held captive by Hamas has said she fears the plight of hostages has been forgotten about as the war in Gaza drags on.
Rachel Goldberg's son, Hersh Goldberg-Polin, was taken by militants who stormed the Nova music festival in southern Israel on October 7.
The 23-year-old's hand was blown off when Hamas fighters threw grenades into a bomb shelter in which 29 people were hiding. Most inside were killed.
Ms Goldberg, an American who lives in Jerusalem with her husband Jon and two daughters, was told he was put into a pick-up truck and taken over the border to Gaza.
These hostages were taken back to Gaza and hidden among this population of people, so many of whom are innocent and caught in the crossfire of this horrible situation
Rachel Goldberg
She has taken the story of her son and other hostages to the World Economic Forum in Davos this week, where she hopes to keep their plight in the public consciousness.
In total, 243 hostages were taken. About 100 were released in November during a ceasefire, with at least several killed in Israeli bombing.
About 130 are thought to still be alive and held by Hamas. About 1,200 Israelis died in the October 7 attack. More than 24,000 Palestinians have died in the subsequent Israeli onslaught.
"These hostages were taken back to Gaza and hidden among this population of people, these Gazans, so many of whom are innocent and caught in the crossfire of this horrible situation," she told The National, emphasising the compassion that she has for victims on both sides.
"It's a really messy, tangled situation. We really can't forget that this is a microcosm of a humanitarian catastrophe."
Ms Goldberg, who wears a sticker each day counting the number of days since he was taken, described her son Hersh and the music fans attending Nova as "young, hippy, granola-crunching music lovers".
She received two short messages from him before he was taken, saying: "I'm sorry."
"Since then we've lived in a different universe to people," she said.
Keeping the fight alive
Ms Goldberg and other hostage families have been at pains to point out the hostages are not just Israelis and Jews, but people of many nationalities and faiths.
"Still we have over 100 people there ... and they still represent close to 20 different nations. You still have Jews, Christians, Muslims, Hindus and Buddhists being held – you still have that eight or nine-month-old baby that's just celebrated his first birthday there."
Ms Goldberg wants to see the hostage issue dealt with separately from the conflict, however difficult that may be.
"It is its own issue but it's been conflated into this horrible situation that's now happening in Gaza, where you have hundreds of thousands of people suffering terribly and mass, mass, mass casualties. It's really painful."
Hostage families have been given updates by the Israeli and US governments on their relatives' plight, although many have grown frustrated with the lack of a second exchange.
"Everyone says the right thing. I've been all over the world and talked to very important people and everyone assured me 'of course we want Hersh home, of course we want all the hostages home'. And wanting and doing something are two very different things. If you don't put together action with that, nothing happens."
Ms Goldberg's appeal at Davos comes after relatives of hostages, including her son's father, visited Washington on Wednesday, where they called on the US government to do more to secure the return of their loved ones.
Liz Hirsh Naftali, whose four-year-old niece Abigail Mor Edan was returned in the hostage exchange, said the hold-up is with the Israeli government and accused Prime Minister Benjamin Netanyahu of wanting to prolong the war.
Hersh's father, Jon Polin, attended the Congressional press conference and called for more to be done to allow the hostages to receive medical care, saying that a recent breakthrough deal that allowed Israel to deliver medicine in exchange for more aid deliveries for civilians in Gaza was "not enough".
“The announcement now that medicines will be brought in to some hostages after 103 days is not enough,” Mr Polin said.
“While world leaders have worked towards a deal to secure the hostage release, international aid organisations must be permitted to offer medical care to the hostages."
Back in Davos, Ms Goldberg said she hopes that negotiations between various governments and Hamas remain open.
"There's a lot of finger pointing. I would love for there to be an adult in the room who will stand up and say 'I'm going to do the right thing here'."
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PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 258hp from 5,000-6,500rpm
Torque: 400Nm from 1,550-4,000rpm
Transmission: Eight-speed auto
Fuel consumption: 6.1L/100km
Price: from Dh362,500
On sale: now
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The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
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.”
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Director: Sriram Raghavan
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Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan
Rating: 3.5/5
Killing of Qassem Suleimani
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RESULT
Norway 1 Spain 1
Norway: King (90 4')
Spain: Niguez (47')
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets