• A Palestinian man carries his daughter next to a destroyed tower, following Israeli air strikes in Gaza city. EPA
    A Palestinian man carries his daughter next to a destroyed tower, following Israeli air strikes in Gaza city. EPA
  • Rockets are launched towards Israel from Gaza city. AFP
    Rockets are launched towards Israel from Gaza city. AFP
  • A Palestinian man stands next to his destroyed house after Israeli air strikes in Gaza city. EPA
    A Palestinian man stands next to his destroyed house after Israeli air strikes in Gaza city. EPA
  • Palestinian demonstrators clash with Israeli troops at the Hawara checkpoint south of Nablus city, in the occupied West Bank. AFP
    Palestinian demonstrators clash with Israeli troops at the Hawara checkpoint south of Nablus city, in the occupied West Bank. AFP
  • A Palestinian protester collects stones amid clashes with Israeli security forces near the settlement of Beit El and Ramallah in the occupied West Bank. AFP
    A Palestinian protester collects stones amid clashes with Israeli security forces near the settlement of Beit El and Ramallah in the occupied West Bank. AFP
  • Palestinian firefighters work to extinguish a fire at a paint factory after it was hit by an Israeli air strike in Rafah, Gaza Strip. AP Photo
    Palestinian firefighters work to extinguish a fire at a paint factory after it was hit by an Israeli air strike in Rafah, Gaza Strip. AP Photo
  • An Israeli soldier works at an artillery unit near the border between Israel and the Gaza strip, on the Israeli side. Reuters
    An Israeli soldier works at an artillery unit near the border between Israel and the Gaza strip, on the Israeli side. Reuters
  • Israeli relatives attend the funeral of Yigal Yehoshua in the city of Modiin. The Israeli man, 56, who was beaten in the city of Lod, died in hospital, police said. AFP
    Israeli relatives attend the funeral of Yigal Yehoshua in the city of Modiin. The Israeli man, 56, who was beaten in the city of Lod, died in hospital, police said. AFP
  • Israeli soldiers fire a 155mm self-propelled howitzer towards the Gaza Strip from their position along the border. AFP
    Israeli soldiers fire a 155mm self-propelled howitzer towards the Gaza Strip from their position along the border. AFP
  • Senate Minority Leader Mitch McConnell urges President Biden to 'remain strong' in support of Israel's military campaign against Hamas. EPA
    Senate Minority Leader Mitch McConnell urges President Biden to 'remain strong' in support of Israel's military campaign against Hamas. EPA
  • Eritrean asylum seeker Kahase Gerensae and his children take shelter in the stairwell outside their apartment in Ashdod, Israel, during a siren warning of rockets fired from the Gaza Strip. AP Photo
    Eritrean asylum seeker Kahase Gerensae and his children take shelter in the stairwell outside their apartment in Ashdod, Israel, during a siren warning of rockets fired from the Gaza Strip. AP Photo
  • Palestinians walk among the rubble of a destroyed building after Israeli air strikes in Gaza city. EPA
    Palestinians walk among the rubble of a destroyed building after Israeli air strikes in Gaza city. EPA
  • A Palestinian child, who was wounded in overnight Israeli air strikes on the Gaza Strip, receives treatment at Al-Shifa Hospital in Gaza city. Getty Images
    A Palestinian child, who was wounded in overnight Israeli air strikes on the Gaza Strip, receives treatment at Al-Shifa Hospital in Gaza city. Getty Images
  • Suzy Ishkontana, 7, and her father Riad Ishkontana, 42, survived an Israeli air strike that killed their family and destroyed their home. AP Photo
    Suzy Ishkontana, 7, and her father Riad Ishkontana, 42, survived an Israeli air strike that killed their family and destroyed their home. AP Photo

We will rebuild: Gaza’s largest bookshop destroyed by Israeli air strikes


  • English
  • Arabic

The company behind one of Gaza’s largest and most well-known bookshops vowed to rebuild after it was demolished by an Israeli air strike on Tuesday, sparking outcry from Palestinians and abroad.

Samir Mansour Library was destroyed in a strike that hit a building next to the Islamic University on Al Thalatiny Street in Gaza City.

Books were buried under rubble, while others were covered so thickly with dust that their titles could not be read.

The Israeli military said it was destroying Hamas tunnels in the operation.

The shop was established in 2008 and held thousands of books from all genres for sale. Despite having "library" in its name, it does not lend books.

But it was part of a publishing house that gave voice to Palestinian poets, children’s writers, novelists and academics, some of whom decried its destruction on social media and at the scene of the air strike.

"We are condemning the destruction of our library," Shereen Al A'ka, public relations officer at Samir Mansour publishing house, told The National.

"We are so sad because the library is not only walls, it is memories and friends for all ages.

“This library is an old dream for its owner. He worked hard to build it for years."

The books may be under rubble, but that will not stop us

As Gazans struggled to take in the loss, book lovers from further afield sprang into action, offering to donate books or raise money.

“I choked up when I saw the pictures of the destruction of the bookshop on social media,” said writer Nada Abu Mideen, 29.

“This place encouraged and supported me always.”

Ms Abu Mideen has two books published by Samir Mansour. One of them, Mazaj Morsal, covers Gaza after the 2014 war. The library printed about 1,000 copies of the book.

“After we survived the 2014 war, me and my friend decided to write about our survival, our challenges and resilience,” she said.

Ms Abu Mideen said the bombing would not stop her efforts to shine a light on the plight of Palestinians in Gaza.

“The books may be under rubble but that will not stop us. We will keep writing to show the world that we deserve life,” she said.

Fighting between Gaza militants and Israel has lasted for 10 days so far.

Gaza’s Health Ministry said 241 Palestinians have died and 7,802 have been wounded. In Israel, 12 people have been killed.

The government said about 1,620 rockets have been fired towards its territory by militants in Gaza.

The UN’s humanitarian agency said almost 450 buildings in the enclave have been destroyed or badly damaged, including six hospitals.

It said more than 52,000 Palestinians have been displaced since the start of the conflict.

Dr Ameen Wafi, a lecturer in literature at Gaza’s Islamic University, said the air strike was “unforgiveable”.

“To destroy a bookshop means one thing: that the occupier doesn’t believe in humanitarian values because the message of libraries is so clear over the world,” Dr Wafi said.

“Those actions are un-humanitarian and immoral. One of the most important tools for scientific renaissance is creating and building libraries.

"The mission of those libraries is so clear. It’s educational, cultural and awareness missions for people. It is one of the ways civilisations form."

Amira Nassar, 26, said the sight of the books on the ground made her weep.

“I called the library and ordered a number of books a couple of days ago, and they told me they would deliver the book after the escalation is over,” Ms Nassar said.

“I couldn’t imagine that I would pass through the area and find rubble instead of the library."

But Ms Al A’ka said the work of the bookshop is not over.

“We are disappointed. We lost a lot of valuable books under the rubble," she said. "The books are like our family members but we will not stop.

“We will take time, for sure, but we will not stop trying.”

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.”

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat
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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The specs

Engine: 4.0-litre, six-cylinder

Transmission: six-speed manual

Power: 395bhp

Torque: 420Nm

Price: from Dh321,200

On sale: now

MATCH INFO

Rugby World Cup (all times UAE)

Final: England v South Africa, Saturday, 1pm

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

KEY DEVELOPMENTS IN MARITIME DISPUTE

2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.

2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus

2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.

2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.

2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Getting there

The flights

Flydubai operates up to seven flights a week to Helsinki. Return fares to Helsinki from Dubai start from Dh1,545 in Economy and Dh7,560 in Business Class.

The stay

Golden Crown Igloos in Levi offer stays from Dh1,215 per person per night for a superior igloo; www.leviniglut.net 

Panorama Hotel in Levi is conveniently located at the top of Levi fell, a short walk from the gondola. Stays start from Dh292 per night based on two people sharing; www. golevi.fi/en/accommodation/hotel-levi-panorama

Arctic Treehouse Hotel in Rovaniemi offers stays from Dh1,379 per night based on two people sharing; www.arctictreehousehotel.com

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'Skin'

Dir: Guy Nattiv

Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga

Rating: 3.5/5 stars

Brave CF 27 fight card

Welterweight:
Abdoul Abdouraguimov (champion, FRA) v Jarrah Al Selawe (JOR)

Lightweight:
Anas Siraj Mounir (TUN) v Alex Martinez (CAN)

Welterweight:
Mzwandile Hlongwa (RSA) v Khamzat Chimaev (SWE)

Middleweight:
Tarek Suleiman (SYR) v Rustam Chsiev (RUS)
Mohammad Fakhreddine (LEB) v Christofer Silva (BRA)

Super lightweight:
Alex Nacfur (BRA) v Dwight Brooks (USA)

Bantamweight:
Jalal Al Daaja (JOR) v Tariq Ismail (CAN)
Chris Corton (PHI) v Zia Mashwani (PAK)

Featherweight:
Sulaiman (KUW) v Abdullatip (RUS)

Super lightweight:
Flavio Serafin (BRA) v Mohammad Al Katib (JOR)

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