A view of damage to homes in Khan Younis after Israeli forces withdrew from the Hamad Town area. Getty Images
A view of damage to homes in Khan Younis after Israeli forces withdrew from the Hamad Town area. Getty Images
A view of damage to homes in Khan Younis after Israeli forces withdrew from the Hamad Town area. Getty Images
A view of damage to homes in Khan Younis after Israeli forces withdrew from the Hamad Town area. Getty Images

Israel withdraws combat troops from southern Gaza


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Most Israeli soldiers have withdrawn from southern Gaza following the departure of an army division from Khan Younis, Israeli media reported on Sunday morning as truce talks resumed in Cairo.

The 98th division – composed of three brigades – left the southern city of Khan Younis on Saturday night, army radio reported, leaving only the Nahal brigade operating in the war-torn enclave where more than 33,100 Palestinians have died in Israeli attacks.

Nahal troops will remain in Gaza to prevent Palestinians displaced to southern Gaza from returning to their homes in the north, according to local media reports.

There was no official confirmation from the army, nor any additional details immediately available.

White House National Security Council spokesman John Kirby told ABC News on Sunday that the US believes Israel’s partial withdrawal “is really just about rest and refit for these troops that have been on the ground for four months".

He said as far as the US could tell, it was necessarily "indicative of some coming new operation for these troops.”

Khan Younis has been the site of intense Israeli activity for months, including multiple raids on hospitals which killed patients, medical staff and volunteers at Al Amal and Nasser Hospitals.

The army said the months-long attack on Khan Younis "achieved what it set out to do," the Times of Israel reported, and seeks to emulate "intelligence-based" operations, which is how it described the recent raid on Al Shifa.

The two-week raid on Al Shifa completely destroyed Gaza's largest hospital and killed hundreds of people, according to Gaza authorities.

Sunday marks six months since the war began, sparked by a Hamas attack on southern Israel in which some 1,200 people were killed and around 240 taken to Gaza as hostages.

Israel's brutal response has killed 33,175 Palestinians as of Sunday, the majority said to be women and children, destroyed most of Gaza's basic infrastructure, and left millions of people facing imminent famine, according to the UN.

Another 75,886 have been wounded and thousands of others are still missing, presumed dead.

Israel called up more than 300,000 reservists as it invaded Gaza in late October, but began recalling reservist units from the enclave in January.

All reservist units left Gaza by late February, leaving only regular army forces fighting in the strip.

Shin Bet intelligence units have also been deployed to Gaza and participated in Israeli raids on Al Shifa, the army confirmed last week.

Israeli military divisions generally number between 10,000 and 16,000 soldiers, although they can number up to 20,000, while brigades are anywhere from 4,000-6,000 strong, comprising four to six battalions.

Israel has rotated soldiers in and out of combat since the ground invasion, pausing operations for some units to rest or train. The government has been under pressure to minimise the number of reservists sent to fight, amid mounting economic challenges.

The troop withdrawal could mean a ground operation in Rafah, a city where well over one million Palestinians are seeking shelter, is less likely, especially if the remaining brigade in southern Gaza will be tasked with controlling the movement of civilians, as was specified in the announcement.

Palestinians who had taken refuge in Rafah leave the city to return to Khan Yunis after Israel pulled its ground forces out of the southern Gaza Strip, six months into the devastating war sparked by the October 7 attacks. AFP
Palestinians who had taken refuge in Rafah leave the city to return to Khan Yunis after Israel pulled its ground forces out of the southern Gaza Strip, six months into the devastating war sparked by the October 7 attacks. AFP

The US, EU and regional countries have all warned that an Israeli attack on Rafah would greatly worsen the humanitarian crisis.

In January, Israel moved a large number of soldiers out of Gaza, but they were eventually replaced, although the overall number of soldiers committed to the war dropped.

Army spokesman Rear Admiral Daniel Hagari said at the time the troop rotation was to ensure forces "can be refreshed, the Israeli economy can function, families who are waiting for their loved ones can return to their routines".

Some observers say another reason for drawdowns is the build-up of forces on Israel’s border with Lebanon, amid Israeli warnings that it is preparing for full-scale war with Hezbollah.

It also comes amid mounting tensions with Iran following a suspected Israeli attack on Tehran's embassy compound in Damascus which killed several top Islamic Revolutionary Guard Corps commanders last week.

The army cancelled leave for combat troops following the attack.

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Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

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Translated by Jamie Searle Romanelli
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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

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Namibia v UAE Saturday Sep 16-Tuesday Sep 19

Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27

The major Hashd factions linked to Iran:

Badr Organisation: Seen as the most militarily capable faction in the Hashd. Iraqi Shiite exiles opposed to Saddam Hussein set up the group in Tehran in the early 1980s as the Badr Corps under the supervision of the Iran Revolutionary Guards Corps (IRGC). The militia exalts Iran’s Supreme Leader Ali Khamenei but intermittently cooperated with the US military.

Saraya Al Salam (Peace Brigade): Comprised of former members of the officially defunct Mahdi Army, a militia that was commanded by Iraqi cleric Moqtada Al Sadr and fought US and Iraqi government and other forces between 2004 and 2008. As part of a political overhaul aimed as casting Mr Al Sadr as a more nationalist and less sectarian figure, the cleric formed Saraya Al Salam in 2014. The group’s relations with Iran has been volatile.

Kataeb Hezbollah: The group, which is fighting on behalf of the Bashar Al Assad government in Syria, traces its origins to attacks on US forces in Iraq in 2004 and adopts a tough stance against Washington, calling the United States “the enemy of humanity”.

Asaeb Ahl Al Haq: An offshoot of the Mahdi Army active in Syria. Asaeb Ahl Al Haq’s leader Qais al Khazali was a student of Mr Al Moqtada’s late father Mohammed Sadeq Al Sadr, a prominent Shiite cleric who was killed during Saddam Hussein’s rule.

Harakat Hezbollah Al Nujaba: Formed in 2013 to fight alongside Mr Al Assad’s loyalists in Syria before joining the Hashd. The group is seen as among the most ideological and sectarian-driven Hashd militias in Syria and is the major recruiter of foreign fighters to Syria.

Saraya Al Khorasani:  The ICRG formed Saraya Al Khorasani in the mid-1990s and the group is seen as the most ideologically attached to Iran among Tehran’s satellites in Iraq.

(Source: The Wilson Centre, the International Centre for the Study of Radicalisation)

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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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What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
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Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

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Company name: Blah

Started: 2018

Founder: Aliyah Al Abbar and Hend Al Marri

Based: Dubai

Industry: Technology and talent management

Initial investment: Dh20,000

Investors: Self-funded

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Updated: April 07, 2024, 3:37 PM