Live updates: Follow the latest news on Israel-Gaza
It’s been days since Abdul Karim Samour moved into a chicken coop to shelter from Israel's intensified bombardment in southern Al Mawasi, a region it had designated as a “safe zone”, yet which has been increasingly targeted in recent days.
The 62-year-old is evidently repulsed by the pungent odour as he tries once again to remove dried chicken waste from the floor and clean a section of the vast facility in to which he and his 11 family members have moved.
Once filled with chicken, the shed is now empty after 16 weeks of war has dried up the supply of food.
The unsanitary living conditions are having a significant impact on his family's health.
“The air is stuffy, unclean, and we live with a constant feeling of suffocation. Kids are complaining of itchy skin and rashes, and some are now having eye infections. It's torture,” Mr Samour told The National.
Having fled his home in central Khan Younis more than two months ago, the displacement journey of the Samour family has seen them move multiple times.
Failing to find a foothold in any of the 155 centres managed by the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), he set up a shelter in southern Al Mawasi which offered little protection from rain and wind.
“The nylon roof was blown off several times and we were drenched in rain. But we stayed put, until it began raining rockets and missiles. That’s when we took off,” Mr Samour said.
The 15 families living here are left to care for themselves, he said.
“We are all forced to fend for ourselves one way or the other. I couldn’t find my family a place to stay at UNRWA, but I found them this,” he said.
The UN agency is facing a pause in donations from nine countries, and warns that it will cease operations soon.
“There are things we just can’t do without UNRWA,” the father of five said
“The food we get: like canned food, some clean water, blankets like these, it’s these things that make a huge difference when you’ve got nothing at all,” he explained.
To the war-battered Gazan population of 2.2 million, UNRWA’s support offers a lifeline.
“We had little to eat, and now we have nothing.”
“Some of the food and non-food items we sourced from UNRWA, until Israeli forces cut off access to the main headquarters in Khan Younis for two weeks now. Now, our suffering is multiplied,” Mr Samour said.
‘More starvation’
Elsewhere in Al Mawasi, 42-year-old Hemdan Al Yamani, along with the families of his seven siblings and their children, have found refuge in a turkey coop.
Once home to more than 1,000 birds which mostly died of starvation and from the cold weather, the shelter is now a sanctuary for over 40 people, mostly children.
“On a normal day, we would quicken our pace when passing by a place like this, to avoid the smell. Look at us now. This is as inhumane as it gets,” said the father of five.
Despite the difficult situation he found himself in, Mr Al Yamani is grateful they have a roof over their heads.
“There are many out there without that much.”
With supplies dwindling further and the UN warning of a looming famine, Gazans are worried their children will starve.
“We used to get vegetables, canned food, milk and other items every now and then from UNRWA, which helped us feed the kids, until Israel blocked our access to it. What happens if UNRWA shuts down altogether?” he asked.
His brother, Yehia, a 54-year-old father of seven angrily interrupts.
“This is to punish the whole of us. To starve us further,” he says.
Major donors, including the US, UK, Canada and Germany, cut funding for UNRWA worth hundreds of millions of dollars last week after Israel alleged that that 12 of the agency's employees were suspected of involvement in the October 7 attack on Israel.
The cuts also began on the day International Court of Justice ruled in South Africa's case against Israel, saying that the latter breached several clauses of the genocide convention, and demanded that Israeli forces ensure the safety and well-being of Palestinians in Gaza.
“Whatever the reason is, they just can’t let UNRWA fall. We’ll all fall. The world can’t make this get worse for us still alive,” Hamdan said.
The piece has been published in collaboration with Egab.
The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
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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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
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UAE currency: the story behind the money in your pockets
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