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Germany and the Netherlands have become the latest countries to call for their citizens to leave Lebanon, amid rising tensions between the Lebanese armed group Iran-backed Hezbollah and Israel, raising fears of a war.
The European nations joined Canada, North Macedonia and Kuwait in urging their citizens to leave the country amid further escalation on the Lebanon-Israel border.
Germany stated that its citizens “are urgently urged to leave Lebanon” in an updated travel advisory. “The current heightened tensions in the border area with Israel could escalate further at any time,” it said.
“Germans in Lebanon are urgently asked to leave the country. The situation at the border between Israel and Lebanon is very tense,” the German Foreign Ministry said on X.
This came after German Foreign Minister Annalena Baerbock visited Lebanon, during which she warned that any “miscalculation” could lead to an all-out war between Israel and Hezbollah.
“With every rocket fired across the Blue Line between Lebanon and Israel, the risk increases that a miscalculation could trigger a hot war,” Ms Baerbock said.
The Netherlands issued a warning on Wednesday for its citizens to leave Lebanon while commercial flights are still operating.
“It is unsafe in Lebanon, and the situation remains very unpredictable,” the Foreign Ministry said.
Earlier, Canada, North Macedonia, and Kuwait advised their citizens to leave Lebanon “while they can” due to the deteriorating security situation.
Other countries have updated their travel advice, warning against all travel to Lebanon and encouraging citizens living there to leave.
On Wednesday, the Swiss Embassy in Lebanon and Syria said that travel to Lebanon “has now become generally inadvisable”.
“A significant deterioration of the security situation in Lebanon can occur at any time,” it said.
Earlier this month, the US Embassy in Beirut advised its nationals to avoid travel to the Lebanon-Israel border area, the Lebanon-Syria border area, and refugee settlements.
The US Embassy issued a reminder on Thursday urging its citizens to “strongly reconsider travel to Lebanon”.
Impact on tourism
The conflict has had a severe impact on the small country's hospitality sector, which was just starting to recover from years of economic crisis, with many foreigners cancelling travel plans.
In the first quarter of this year, Lebanon saw a 13.52 per cent decrease in inbound visitors, mainly because fewer Europeans and North Americans visited, according to Blominvest Bank, Lebanon's largest lender, citing Ministry of Tourism data from last month.
However, several hotels in Beirut told The National that they have not seen a decline in bookings, as Lebanese residents living abroad are still returning home.
“We haven’t really had any cancellations. For the Lebanese, the unstable situation is pretty normal for them,” said an employee from Smallville, a hotel in the central neighbourhood of Badaro.
“We are not affected by the crisis because we have a clientele that comes regardless of the situation in Lebanon. They’re long-standing guests – mostly diaspora families and business people,” said a front office manager at Albergo, an upmarket hotel in Beirut.
Hezbollah, an ally of Hamas, and Israel have been exchanging daily fire at the Lebanon-Israel border since October 8, a day after the militant group opened a pressure front to divert Israel from its attacks on Gaza, where it says it is fighting to destroy Hamas.
Tensions have escalated in recent weeks as diplomatic efforts have stalled. During a visit to Washington on Thursday, Israeli Defence Minister Yoav Gallant said that his country could “take Lebanon back to the Stone Age, but we don't want to do it”.
On Wednesday, UN humanitarian co-ordinator Martin Griffiths said that Lebanon was “the flashpoint beyond all flashpoints”.
Israel has prepared for a land incursion into southern Lebanon to restore security for its displaced residents on the northern border. Tens of thousands have been displaced on either side of the border.
Hezbollah said that it does not want war but is ready for one if it is imposed on Lebanon. Hezbollah leader, Hassan Nasrallah, has repeated that it will not stop their attacks until a ceasefire is reached in Gaza, where more than 37,700 Palestinians have been killed.
The deaths came after Hamas launched an unprecedented incursion into southern Israel on October 7 that killed about 1,200.
According to an AFP tally, 481 people have died in Lebanon as a result of the Israel-Hezbollah clashes since October 8th, including 94 civilians. On the Israeli side, at least 15 soldiers and 11 civilians have been killed, according to Israel.
Key findings
- Over a period of seven years, a team of scientists analysed dietary data from 50,000 North American adults.
- Eating one or two meals a day was associated with a relative decrease in BMI, compared with three meals. Snacks count as a meal. Likewise, participants who ate more than three meals a day experienced an increase in BMI: the more meals a day, the greater the increase.
- People who ate breakfast experienced a relative decrease in their BMI compared with “breakfast-skippers”.
- Those who turned the eating day on its head to make breakfast the biggest meal of the day, did even better.
- But scrapping dinner altogether gave the best results. The study found that the BMI of subjects who had a long overnight fast (of 18 hours or more) decreased when compared even with those who had a medium overnight fast, of between 12 and 17 hours.
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%3Cp%3E%3Cstrong%3EWest%20Asia%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Bahrain%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Jebel%20Ali%20Dragons%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%201%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Sharks%0D%3Cbr%3ERunners%20up%3A%20Abu%20Dhabi%20Harlequins%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%202%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%20III%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Sharks%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDubai%20Sevens%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%3C%2Fp%3E%0A
Results
6.30pm: The Madjani Stakes (PA) Group 3 Dh175,000 (Dirt) 1,900m
Winner: Aatebat Al Khalediah, Fernando Jara (jockey), Ali Rashid Al Raihe (trainer).
7.05pm: Maiden (TB) Dh165,000 (D) 1,400m
Winner: Down On Da Bayou, Royston Ffrench, Salem bin Ghadayer.
7.40pm: Maiden (TB) Dh165,000 (D) 1,600m
Winner: Dubai Avenue, Fernando Jara, Ali Rashid Al Raihe.
8.15pm: Handicap (TB) Dh190,000 (D) 1,200m
Winner: My Catch, Pat Dobbs, Doug Watson.
8.50pm: Dubai Creek Mile (TB) Listed Dh265,000 (D) 1,600m
Winner: Secret Ambition, Tadhg O’Shea, Satish Seemar.
9.25pm: Handicap (TB) Dh190,000 (D) 1,600m
Winner: Golden Goal, Pat Dobbs, Doug Watson.
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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
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.”
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
