The Tuffah district east of Gaza city in July 2024. A study by medical journal The Lancet estimates Palestinian deaths may reach 186,000. AFP
The Tuffah district east of Gaza city in July 2024. A study by medical journal The Lancet estimates Palestinian deaths may reach 186,000. AFP
The Tuffah district east of Gaza city in July 2024. A study by medical journal The Lancet estimates Palestinian deaths may reach 186,000. AFP
The Tuffah district east of Gaza city in July 2024. A study by medical journal The Lancet estimates Palestinian deaths may reach 186,000. AFP

Lancet journal: Gaza war death toll may have reached 186,000


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Medical journal The Lancet has reported that it is “not implausible” for the Gaza death toll to have reached 186,000 or more since the Israeli bombardment began on October 7, 2023, considering direct and indirect causes.

The report, titled Counting the Dead in Gaza: Difficult but Essential, said that using the 2022 Gaza Strip population estimate of 2,375,259, the death toll would be equivalent to 7.9 per cent.

The estimate, published on Friday, includes direct deaths from the conflict as well as indirect deaths from causes such as reproductive, communicable and non-communicable diseases.

“Applying a conservative estimate of four indirect deaths per one direct death to the 37,396 deaths reported, it is not implausible to estimate that up to 186,000 or even more deaths could be attributable to the current conflict in Gaza,” the report said.

“The number of reported deaths is likely an underestimate.”

Tamara Al Rifai, the head of communications for the UN Palestinian Refugee agency, UNRWA, told The National that the agency takes figures from public sources including the Ministry of Health in Gaza.

“But if we compile all figures that credible entities, including the UN, have been issuing, then the scale and scope of death, injuries and life-changing accidents [including loss of limbs for children] are devastating,” Ms Rifai said.

Francesca Albanese, the UN’s special rapporteur on Palestine, wrote on X, “That's one in every 12 Gaza inhabitants killed in the last nine months of genocide.”

Gaza's health authorities said on Monday that 38,193 Palestinians have been killed and 87,903 injured in Israel's military offensive that followed the Hamas attacks.

The Lancet report pointed to UN estimates that, by February 29, 2024, 35 per cent of buildings in the Gaza Strip had been destroyed.

“So the number of bodies still buried in the rubble is likely substantial, with estimates of more than 10,000,” The Lancet said.

The report said that Gaza's death toll is “expected to be large given the intensity of this conflict; destroyed health care infrastructure; severe shortages of food, water, and shelter; the population's inability to flee to safe places; and the loss of funding to the UNRWA, one of the very few humanitarian organisations still active in the Gaza Strip.”

In May, the UN said more than 10,000 Palestinians were dead in the rubble and retrieval could take three years.

The Lancet is one of the world's most quoted medical journals.

Children ride a donkey-drawn cart past a rubbish dump and tents in Deir Al Balah in the central Gaza Strip. AFP
Children ride a donkey-drawn cart past a rubbish dump and tents in Deir Al Balah in the central Gaza Strip. AFP

Nadav Shoshani, the international spokesman for the Israeli army, rejected the report's estimated numbers and said “there is no correlation between the report's estimated numbers and reality”.

“No one should take seriously claims that do not meet the minimal standards of fact-checking,” he wrote on X.

In February, Johns Hopkins University estimated 70,000 “excess deaths”, including 10,000 from disease.

The Johns Hopkins study, Crisis in Gaza: Scenario-Based Health Impact Projections, looked at conflicts in the Middle East and “similar” settings.

Tak Igusa, one of the study’s authors, said their work “projected multiple health impacts, including non-communicable and infectious diseases, malnutrition, and maternal and newborn mortality. One of our findings is that there is a steadily increasing possibility of cholera, famine, and other humanitarian disasters that may result in higher mortality than the trauma deaths from the conflict”.

The projections and estimates are particularly complex because they involve multiple areas of study – including nutrition and the most vulnerable in a given population.

Since the start of the conflict, humanitarian organisations have repeatedly said that Gaza is getting only a fraction of its daily food and medical aid requirement, even during attempts to increase supplies.

Gaza’s humanitarian situation has worsened in some areas, as fighting shifted to a land crossing point at Rafah on the Egyptian border in May.

Hundreds of lorries loaded with food and water have been stranded there, some for nearly two months, awaiting permission to deliver supplies.

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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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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Ambition: To create awareness among young about people with disabilities and make the world a more inclusive place

Job Title: Human resources administrator, Expo 2020 Dubai

First jobs: Co-ordinator with Magrudy Enterprises; HR coordinator at Jumeirah Group

Entrepreneur: Started his own graphic design business

Favourite singer: Avril Lavigne

Favourite travel destination: Germany and Saudi Arabia

Family: Six sisters

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South Africa (squad): Faf du Plessis (c), Temba Bavuma, Theunis de Bruyn, Quinton de Kock, Dean Elgar, Zubayr Hamza, Keshav Maharaj, Aiden Markram, Senuran Muthusamy, Lungi Ngidi, Anrich Nortje, Vernon Philander, Dane Piedt, Kagiso Rabada, Rudi Second

Updated: January 11, 2025, 10:45 AM