The scene following an Israeli strike on a school in Al Shati refugee camp, northern Gaza, in which five people were reported killed. Reuters
The scene following an Israeli strike on a school in Al Shati refugee camp, northern Gaza, in which five people were reported killed. Reuters
The scene following an Israeli strike on a school in Al Shati refugee camp, northern Gaza, in which five people were reported killed. Reuters
The scene following an Israeli strike on a school in Al Shati refugee camp, northern Gaza, in which five people were reported killed. Reuters

Dozens killed in Israeli strikes on Gaza refugee camps and schools


Nagham Mohanna
  • English
  • Arabic

Live updates: Follow the latest news on Israel-Gaza

Dozens of Palestinians have been killed in Israeli strikes targeting refugee camps, homes and schools across Gaza, Wafa news agency reported on Tuesday.

Despite Israeli claims that the “intense” phase of its offensive is ending, and despite fresh international efforts to get more aid into the enclave, air strikes continue unabated.

Experts, meanwhile, warn that increasing food shortages are a threat, more than eight months into the war.

As bombs dropped on Gaza, several raids were carried out in the occupied West Bank, resulting in clashes. Two children were injured by shrapnel from bullets fired by Israeli forces in Balata camp, Nablus, while several people were arrested.

The increase in strikes on Gaza comes days after Israeli Prime Minister Benjamin Netanyahu said the offensive in Gaza would enter a less intense phase.

In northern Gaza, an Israeli strike on Al Shati refugee camp reportedly killed 10 members Hamas political chief Ismail Haniyeh's family, including his sister, a civil defence spokesman confirmed to AFP on Tuesday.

Two schools run by the UN agency for Palestinian refugees were targeted by Israeli strikes, killing at least 11 civilians, including children, civil defence officials reported.

Six people were killed at the Abdel Fattah Hamoud school in Gaza city's Daraj neighbourhood, while five were reported killed in a strike on Asmaa school in Al Shati camp.

The Israeli military claimed the schools were being used by Hamas. It did not comment on who was killed.

Five people, including two children, were killed by air strikes at Al Shifa Hospital, in northern Rimal, in Gaza city, Wafa reported. Work had been taking place to restore the hospital – Gaza's largest. An Israeli military operation there in April caused extensive destruction and dozens of deaths. Mass graves were discovered when the Israeli army withdrew.

Civil defence officials said two women from the same family were also killed in an air strike on their house in the Shujaiya neighbourhood of Gaza city.

Raids were also carried out by Israeli forces in the Beit Lahia and Sheikh Ajlin area of Gaza city.

The aftermath of an Israeli strike on Al Bureij refugee camp in central Gaza. EPA
The aftermath of an Israeli strike on Al Bureij refugee camp in central Gaza. EPA

Ten people were killed in a strike on the southern city of Khan Younis, while civil defence officials said at least five people, including three children, were killed in a strike on the Maghazi camp in central Gaza.

In the southern city of Rafah, residents said Israeli tanks had moved further into southern areas, with heavy gunfire and artillery reported in the area and the army setting fire to houses in the Saudi neighbourhood.

West Bank violence

In the West Bank, raids took place in Dheisheh refugee camp, Jab'a, Wad Shaheen and in occupied East Jerusalem, where one person was injured and nine others were arrested, according to Wafa.

Clashes took place after Israeli forces stormed Balata camp, in Nablus, with heavy gunfire reported. Two children sustained minor injuries from bullet fragments while 8 people were arrested.

More than 37,600 people have been killed in Gaza in Israel's strikes and ground offensive. This followed an attack by Hamas-led militants on Israeli communities on October 7, killing about 1,200 people and abducting 240.

Gaza's infrastructure has been destroyed and most of the population displaced, as experts warn of the high risk of famine.

A draft report by the Integrated Food Security Phase Classification, a multi-NGO initiative to assess food security crises, says more than 495,000 people are expected to experience “catastrophic” food shortages in the coming months.

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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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
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Forced%20Deportations
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Violence%20
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Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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Updated: June 25, 2024, 10:35 AM