A woman collects water in Rafah, southern Gaza. Palestinians in the enclave have struggled to find water sources as the war rages on. AFP
A woman collects water in Rafah, southern Gaza. Palestinians in the enclave have struggled to find water sources as the war rages on. AFP
A woman collects water in Rafah, southern Gaza. Palestinians in the enclave have struggled to find water sources as the war rages on. AFP
A woman collects water in Rafah, southern Gaza. Palestinians in the enclave have struggled to find water sources as the war rages on. AFP

Israel could increase water supply to Gaza after international pressure


Nagham Mohanna
  • English
  • Arabic

Live updates: Follow the latest news on Israel-Gaza

The UN children's fund announced plans to ease the water crisis in southern Gaza, with the Israeli government close to approving a move to increase the electricity supply to a desalination plant.

Israel has been under international pressure to ease the catastrophic humanitarian crisis in the besieged enclave, where the war has cut or disrupted all major sources of water and left millions without access.

Gaza produced 5 per cent of its usual water supply in March as a result of the damage to infrastructure, said a UN Environment Programme report released this month. In April, it was estimated there was only enough water for each of the enclave's 2.3 million residents to receive between two to eight litres a day.

That marked a significant drop from the daily supply of 85 litres per person before October, the report added.

Unicef said on Thursday that it reached a deal with Israel to restore power to a key desalination plant in Khan Younis, southern Gaza.

"Unicef confirms an agreement was reached to re-establish the medium voltage feeder power line for the Southern Gaza Desalination Plant," said Jonathan Crickx, the agency's spokesman in Palestine.

"This is an important milestone and we are very much looking forward to seeing it implemented."

The plant should be able to produce up to 15 million litres of water a day at full capacity, Unicef said.

It was established with UN funding in 2017 to provide drinking water to Gazans in Deir Al Balah, Khan Younis and Al Mawasi. Many have fled to a displacement camp in Al Mawasi due to the violence.

Gaza depends on Israel for much of its electricity. Israel cut power to the enclave after the war erupted in October.

Munther Shublak, director general of the Coastal Municipalities Water Utility, told The National that his department had been working with international organisations to restore the power supply from Israel.

“We co-ordinated with the European Union, the UN children’s agency and others to pressure Israel to allow a direct power line from Israel through Salah Al Din Street to reactivate water plants,” he said.

The planned increase in electricity “would enable the plants to operate around the clock”, he said. “Through this plan, we will try to prevent citizens from dying of thirst.”

Palestinians transport water containers in a displacement camp in the Al Mawasi area in Khan Yunis in southern Gaza. AFP
Palestinians transport water containers in a displacement camp in the Al Mawasi area in Khan Yunis in southern Gaza. AFP

A generator has allowed the plant in Khan Younis to operate, but fuel has been difficult to obtain amid the fighting and Israel's bombardment of the enclave.

“If we need 1,000 litres of diesel daily, we only get 19 or 20 litres, and not regularly,” Mr Shublak said. “Since the army entered Rafah last month, no diesel has been able to enter the enclave, creating a real crisis.”

He said residents of northern Gaza will still have problems with water as the current plan is only for the plants that are located in the south of the enclave.

Palestinians in Gaza told The National that there has no been no improvement in the water supply and the situation remains the same.

Mohammed Aboud, 22, fled from Gaza city to Khan Younis then to Rafah and finally to Nuseirat refugee camp in the centre of the strip. He said water is sometimes unavailable and when it is available, it is often unsafe to drink.

“We fill around 200 to 400 litres weekly, and 400 litres costs around 40 shekels [$10.60]. It used to cost around five,” he told The National.

Bottled water is not always available in the market, he said, adding that he usually has to queue to fill his water bucket. Due to high demand, it runs out quickly.

Tareq Abed Al A’al, 35, from Jabalia camp in the north of the Gaza Strip, told The National that the water coming in by lorry is expensive and unaffordable.

“We are very careful with our water use. Even getting water for washing is not easy. Most water pumps work on solar systems, so they operate for limited hours,” he said, adding that they “can’t fill a lot of water because the trucks only have a limited for every person, so its enough for all”.

Gazans usually have to walk for long distances to fill their water buckets due to pumps being destroyed in the war.

The Gaza war started with a Hamas-led attack on southern Israel that killed about 1,200 people.

Israel's retaliatory campaign has killed more than 37,700 people, the enclave's health authorities said.

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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%3Cp%3E%3Cstrong%3ETHE%20SPECS%3C%2Fstrong%3E%0D%3Cbr%3EEngine%3A%203.5-litre%20V6%0D%3Cbr%3ETransmission%3A%209-speed%20automatc%0D%3Cbr%3EPower%3A%20279hp%0D%3Cbr%3ETorque%3A%20350Nm%0D%3Cbr%3EPrice%3A%20From%20Dh250%2C000%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
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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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

Revival
Eminem
Interscope

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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JOKE'S%20ON%20YOU
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UAE currency: the story behind the money in your pockets
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
Updated: June 29, 2024, 2:45 PM