Palestinian boys outside the Gaza municipality garage on Al Wahda Street in Gaza city on June 21. AFP
Palestinian boys outside the Gaza municipality garage on Al Wahda Street in Gaza city on June 21. AFP
Palestinian boys outside the Gaza municipality garage on Al Wahda Street in Gaza city on June 21. AFP
Palestinian boys outside the Gaza municipality garage on Al Wahda Street in Gaza city on June 21. AFP

Israeli strike kills Gaza workers trying to restore drinking water


Nagham Mohanna
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An Israeli airstrike on a municipal building in Gaza city on Friday killed at least five people, including four workers, and caused significant destruction, a municipality spokesman told The National.

Civil defence teams are searching for bodies in the rubble after the Gaza Municipality garage was destroyed in a strike as employees were preparing to begin work on wells to supply water to locals, according to spokesman Hosni Mhanna.

The strike on the building on Al Wahda street, in the centre of the city, was not the first time the municipality had been targeted by Israeli bombardment, said Mr Mhanna.

The municipality is responsible for services such as rubbish removal, supplying clean water and repairing sewers, Mr Mhanna said, stressing the importance of this work at a time of deteriorating living conditions and the collapse of basic services in the war-ravaged enclave.

The continued attack on personnel and facilities “threatens a major catastrophe and jeopardises the municipality's ability to continue its minimal operations to meet the people's needs”, he warned.

“The municipality has lost more than 60 employees during the war, most of whom were killed in Israeli attacks while on duty,” Mr Mhanna said.

Since October 7, Israel has also destroyed 125 municipality vehicles, he said, but “the most significant losses have been human lives”.

Gaza was already struggling to dispose of about 2,000 tonnes of waste generated each day before the war. Now a lack of rubbish collection vehicles and the fuel to operate them has made the problem worse, according to humanitarian agencies.

In addition to displacement, destruction of medical facilities and scarcity of food, Gazans are now having to deal with the stench from rotting rubbish, which has become a breeding ground for disease-spreading pests.

Attacks on municipality workers and facilities make it even more difficult to address the issue.

“The municipality demands an immediate investigation into this crime committed against relief workers who are protected under international law,” Mr Mhanna said.

He also called “for international intervention to protect the teams and their life-saving work”.

Israeli strikes targeted multiple areas of Gaza on Friday, with heavy fighting reported in Rafah.

The President's Cake

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Rating: 4/5

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TRAP

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Director: M Night Shyamalan

Rating: 3/5

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
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Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

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Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

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2011 – lost to Uruguay on penalties in the quarter-finals

2015 – lost to Chile on penalties in the final

2016 – lost to Chile on penalties in the final

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2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

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Water waste

In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.

Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.

A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.

The Emirates is the world’s third largest per capita water consumer after the US and Canada.

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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.”

Updated: June 21, 2024, 2:43 PM