Live updates: follow the latest on Israel-Gaza
Mass graves were being dug around Gaza’s Al Nasser medical complex on Monday as Israeli tanks advanced towards the hospital in the southern city of Khan Younis, trapping thousands of Palestinians.
Health workers told The National they were overwhelmed by the number of patients and bodies and had few medical supplies left to treat those suffering.
“The hospital is full of martyrs, and they have started burying them in mass graves within the hospital,” said Ahmed El Madhoun, a resident of southern Gaza.
Al Nasser Hospital is one of the last medical centres in operation in Gaza, albeit under difficult conditions as Israeli forces continue to bombard the area.
“We are currently trapped inside the hospital and tanks are nearby. There are dozens of martyrs and injured in the streets. Ambulances cannot reach them,” Mr El Madhoun said.
During the past 24 hours, at least 50 people have died in Khan Younis and more than 100 were injured, Gaza's Health Ministry said.
Doctors at the hospital have refused to leave despite the danger from Israeli fire.
Israeli officials have accused Hamas fighters of operating from Al Nasser Hospital, which staff deny. Two thirds of Gaza's hospitals have ceased functioning after Israeli attacks and losing Al Nasser would curtail the limited trauma care still available.
“I will not leave the hospital and my patients,” Mannar Fayad, an anesthesia and resuscitation specialist at the hospital, told The National on Monday.
Ms Fayad said she was panicking as Israeli tanks moved closer to the hospital. “I'm thinking of our fate if the Israeli forces invade the hospital – are they going to arrest us, or kill us as they did in other hospitals,” she said.
Ahmed Al Moghrabi, the head of the Burns and Plastic Surgery department at Al Nasser, told The National the situation inside the hospital was becoming more challenging, with increasing pressure on health workers.
“Last night was particularly difficult due to heavy Israeli air strikes in the southern part of the hospital, many people started to flee,” he said.
“We are facing a significant challenge with the limited number of medical staff who have chosen to stay."
It comes as the Palestinian Red Crescent Society said on Monday that Israeli forces were “besieging the ambulance centre [in Khan Younis] and targeting anyone attempting to move in the area”.
The PRCS said ambulances were unable to reach the injured in the city. Staff in Jerusalem were able to briefly establish contact with their Khan Younis team on Monday afternoon but remain “extremely concerned” as bombing and tanks move closer.
“Cellphone, landlines and Wi-Fi are all down. This is the 11th day of a complete blackout. The only means of communication is via VHS radio but this is not stable,” PRCS spokeswoman Nebal Farsakh told The National.
“We are extremely worried for the safety our our team at Al Amal and the headquarters. Everyone is trapped. No one is able to move.”
Ms Farsakh said staff and displaced people sheltering in the complex, numbering between 7,000 and 8,000, were unable to step outside without the risk of being shot.
“No one can move in or out, this includes ambulance teams. They are constantly getting calls from the wounded in Khan Younis, but the ambulances are trapped," she said. "They can hear constant bombardment close to area, but they can’t verify how far away it is from the hospital because they can’t stand even in front of the building."
Initial reports suggested at least 100 patients were being treated inside the hospital.
"The situation in the south is now impossible. People don’t know where to go. It’s impossible to move to Rafah or anywhere else," said Ms Farsakh.
The area is under “intense bombing”, she added. "Those displaced are in extreme panic and fear. They don’t have another direction to take. Our facility was the last resort for them," she said.
Ashraf Al Qudra, spokesman for the Health Ministry, also said Israeli forces were preventing the movement of ambulances to evacuate those killed and wounded in the west of the city.
“Israeli forces are committing horrific crimes in western Khan Younis. Dozens of martyrs and wounded are still in targeted areas and roads,” he said.
Freelance journalist Doaa Al Baz has stayed at the hospital because she has no where else to go.
“Last night was so horrible, the shelling didn’t stop and I just feel that I will leave my journalism duties and want to escape to safety,” Ms Al Baz told The National.
Most of the journalists staying in the medical complex have fled the area as the situation is getting very dangerous, she said.
“Those that have stayed are now surrounded and we can't leave,” Ms Al Baz said.
Killing of Qassem Suleimani
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The%20specs
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BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
How to come clean about financial infidelity
- Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
- Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help.
- Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
- Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
- Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported.
Carol Glynn, founder of Conscious Finance Coaching
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Tips%20for%20travelling%20while%20needing%20dialysis
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Bert van Marwijk factfile
Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder
Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia
Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands
COMPANY%20PROFILE
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Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
Penguin
COMPANY%20PROFILE%20
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The specs: 2018 Peugeot 5008
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
Tentative schedule of 2017/18 Ashes series
1st Test November 23-27, The Gabba, Brisbane
2nd Test December 2-6, Adelaide Oval, Adelaide
3rd Test Dcember 14-18, Waca, Perth
4th Test December 26-30, Melbourne Cricket Ground, Melbourne
5th Test January 4-8, Sydney Cricket Ground, Sydney
Last-16
France 4
Griezmann (13' pen), Pavard (57'), Mbappe (64', 68')
Argentina 3
Di Maria (41'), Mercado (48'), Aguero (90 3')
PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Company profile
Company name: Suraasa
Started: 2018
Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker
Based: India, UAE and the UK
Industry: EdTech
Initial investment: More than $200,000 in seed funding
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.”
Past winners of the Abu Dhabi Grand Prix
2016 Lewis Hamilton (Mercedes-GP)
2015 Nico Rosberg (Mercedes-GP)
2014 Lewis Hamilton (Mercedes-GP)
2013 Sebastian Vettel (Red Bull Racing)
2012 Kimi Raikkonen (Lotus)
2011 Lewis Hamilton (McLaren)
2010 Sebastian Vettel (Red Bull Racing)
2009 Sebastian Vettel (Red Bull Racing)
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
Scoreline
Real Madrid 1
Ronaldo (53')
Atletico Madrid 1
Griezmann (57')