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Israel's war cabinet met on Monday to discuss how to respond to Iran's direct attack against the country overnight on Saturday.
The cabinet, led by Israeli Prime Minister Benjamin Netanyahu, discussed retaliation options that are intended to be "painful" to Iran without sparking a full-blown war, Israeli outlet Channel 12 reported.
Israeli Defence Minister Yoav Gallant reportedly told US Secretary of Defence Lloyd Austin on Sunday that Israel had no choice other than respond to Iran after it launched hundreds of missiles and drones against Israel.
It was Tehran's first known direct attack against Israel and marked the start of a new chapter in the confrontation between the two countries.
Tehran has claimed that it gave its neighbours advanced warning of the attack, showing its desire to prevent a full-scale war.
Turkish, Jordanian and Iraqi officials confirmed that Tehran communicated a notice several days before the attack. But US officials refuted Tehran's claim and accused it of attempting to inflict considerable damage on Israel.
Tehran said the attack was in retaliation for the Israeli strike on the Iranian consulate in Damascus, on April 1, and that any further escalation would depend on the Israeli response.
Most of the drones and missiles were shot down before reaching Israeli territory, but a young girl was injured.
“Iran had issued the necessary warnings before the military action," Iranian Foreign Ministry spokesman Nasser Kanaani said on Monday. “Iran does not seek to develop tension in the region.”
Iranian Foreign Minister Hossein Amirabdollahian, who made phone calls to regional counterparts explaining Tehran's position, said Tehran gave fair warning to countries of the region and the US.
“About 72 hours before the … operation, Iran informed the neighbours and countries in the region that Iran's response is definite and certain in the form of legitimate defence”, he told state-run media.
Last week, Israel said it would retaliate with an attack on Iranian territory if it were attacked by Tehran, despite US concerns, sources said.
Aware of the possibilities
In Ankara, Turkey's Foreign Ministry said it had spoken to both Washington and Tehran before the attack. It conveyed messages as an intermediary to be sure reactions were proportionate, it added.
“Iran said the reaction would be a response to Israel’s attack on its embassy in Damascus and that it would not go beyond this. We were aware of the possibilities. The developments were not a surprise,” a Turkish diplomatic source told Reuters.
One senior official in US President Joe Biden's administration said Washington has contact with Iran through Swiss intermediaries but did not receive notice of the attack 72 hours in advance.
“That is absolutely not true,” the official said. “They did not give a notification, nor did they give any sense of … 'these will be the targets, so evacuate them.'”
Iran sent the US a message only after the strikes began and the intent was to be “highly destructive” said the official, adding that Iran's claim of a widespread warning may be an attempt to compensate for the lack of any major damage from the attack.
“We received a message from the Iranians as this was ongoing, through the Swiss. This was basically suggesting that they were finished after this, but it was still an ongoing attack. So that was [their] message to us,” the US official said.
Diplomatic flurry
Following the weekend attack, Iran was quick to increase its diplomatic contacts with its regional neighbours, with Mr Amirabdollahian speaking with his Saudi and Qatari counterparts on Sunday.
Saudi Arabia's Foreign Minister Prince Faisal bin Farhan received a phone call from Mr Amirabdollahian.
“During the call, repercussions from developments in the situation in the region and the increasing escalation against the backdrop of the crisis in Gaza Strip were discussed,” Saudi Arabia's Foreign Ministry said.
Qatar's Foreign Minister expressed his deep concern over regional developments and his commitment to “support efforts at achieving stability on all levels” during discussions with Mr Amirabdollahian, Qatari state media reported.
In a phone call with his Russian counterpart, Mr Amirabdollahian outlined the “objectives and the manner of military action of Iran on specific targets in the occupied territories”.
“This limited action is aimed at deterring, punishing and warning the Zionist regime,” the Iranian Foreign Minister told Russian Foreign Minister Sergey Lavrov.
“We had no doubt that Iran will respond to the Israeli regime's attack on Iran's embassy, and we believe that the process of carrying out this action was based on a responsible and restrained response,” Mr Lavrov said.
Jordan’s Foreign Minister Ayman Safadi said his country had summoned the Iranian ambassador to protest against Iranian comments that were seen as interference in the kingdom’s internal affairs.
In remarks given to state-owned Mamlaka public broadcaster, Mr Safadi was referring to comments in Iran’s official media that it warned Jordan would be struck next in the event it co-operated with Israel.
US Secretary of State Antony Blinken discussed Iran’s attack on Israel in separate calls with Jordanian, Saudi, Egyptian and Turkish counterparts, the US State Department said, during which he said that the US “does not seek escalation” and will continue to support Israel’s defence.
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Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Engine: 2-litre TSI petrol
Power: 190hp
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The specs: 2017 Porsche 718 Cayman
Price, base / as tested Dh222,500 / Dh296,870
Engine 2.0L, flat four-cylinder
Transmission Seven-speed PDK
Power 300hp @ 6,500rpm
Torque 380hp @ 1,950rpm
Fuel economy, combined 6.9L / 100km
How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
Company profile
Company: Eighty6
Date started: October 2021
Founders: Abdul Kader Saadi and Anwar Nusseibeh
Based: Dubai, UAE
Sector: Hospitality
Size: 25 employees
Funding stage: Pre-series A
Investment: $1 million
Investors: Seed funding, angel investors
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Sindhis 94-6 (10 ov)
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Rajputs 96-0 (4 ov)
Shahzad 74 not out
Lexus LX700h specs
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Country-size land deals
US interest in purchasing territory is not as outlandish as it sounds. Here's a look at some big land transactions between nations:
Louisiana Purchase
If Donald Trump is one who aims to broker "a deal of the century", then this was the "deal of the 19th Century". In 1803, the US nearly doubled in size when it bought 2,140,000 square kilometres from France for $15 million.
Florida Purchase Treaty
The US courted Spain for Florida for years. Spain eventually realised its burden in holding on to the territory and in 1819 effectively ceded it to America in a wider border treaty.
Alaska purchase
America's spending spree continued in 1867 when it acquired 1,518,800 km2 of Alaskan land from Russia for $7.2m. Critics panned the government for buying "useless land".
The Philippines
At the end of the Spanish-American War, a provision in the 1898 Treaty of Paris saw Spain surrender the Philippines for a payment of $20 million.
US Virgin Islands
It's not like a US president has never reached a deal with Denmark before. In 1917 the US purchased the Danish West Indies for $25m and renamed them the US Virgin Islands.
Gwadar
The most recent sovereign land purchase was in 1958 when Pakistan bought the southwestern port of Gwadar from Oman for 5.5bn Pakistan rupees.
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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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Director: James Cameron
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UAE Team Emirates
Valerio Conti (ITA)
Alessandro Covi (ITA)
Joe Dombrowski (USA)
Davide Formolo (ITA)
Fernando Gaviria (COL)
Sebastian Molano (COL)
Maximiliano Richeze (ARG)
Diego Ulissi (ITAS)
Ferrari
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Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
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
The years Ramadan fell in May
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Killing of Qassem Suleimani
Fighter profiles
Gabrieli Pessanha (Brazil)
Reigning Abu Dhabi World Pro champion in the 95kg division, virtually unbeatable in her weight class. Known for her pressure game but also dangerous with her back on the mat.
Nathiely de Jesus, 23, (Brazil)
Two-time World Pro champion renowned for her aggressive game. She is tall and most feared by her opponents for both her triangles and arm-bar attacks.
Thamara Ferreira, 24, (Brazil)
Since her brown belt days, Ferreira has been dominating the 70kg, in both the World Pro and the Grand Slams. With a very aggressive game.
Samantha Cook, 32, (Britain)
One of the biggest talents coming out of Europe in recent times. She is known for a highly technical game and bringing her A game to the table as always.
Kendall Reusing, 22, (USA)
Another young gun ready to explode in the big leagues. The Californian resident is a powerhouse in the -95kg division. Her duels with Pessanha have been highlights in the Grand Slams.
Martina Gramenius, 32, (Sweden)
Already a two-time Grand Slam champion in the current season. Gramenius won golds in the 70kg, in both in Moscow and Tokyo, to earn a spot in the inaugural Queen of Mats.
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Fuel consumption, combined: 7.6L / 100km
Tips to avoid getting scammed
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4) Try not to close the sale at night
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6) Call 901 if you see any suspicious behaviour
The specs: 2018 Mercedes-Benz E 300 Cabriolet
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Mohammed bin Zayed Majlis
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Day 5, Abu Dhabi Test: At a glance
Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.
Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.
The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.
Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
MATCH INFO
Barcelona 2
Suarez (10'), Messi (52')
Real Madrid 2
Ronaldo (14'), Bale (72')
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Company Profile
Company name: Yeepeey
Started: Soft launch in November, 2020
Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani
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Future plan: Raise $1.5m and enter Saudi Arabia next year
What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.