A man injured during the Israeli bombardment arrives at Nasser Hospital in Khan Younis. AFP
A man injured during the Israeli bombardment arrives at Nasser Hospital in Khan Younis. AFP
A man injured during the Israeli bombardment arrives at Nasser Hospital in Khan Younis. AFP
A man injured during the Israeli bombardment arrives at Nasser Hospital in Khan Younis. AFP

Dozens killed in Gaza as Israel attacks fourth school in three days


Nagham Mohanna
  • English
  • Arabic

Live updates: Follow the latest on Israel-Gaza

Witnesses have described carnage after an Israeli air strike killed dozens of displaced people sheltering in a Khan Younis school on Tuesday, hitting the facility as children played football outside.

The official Wafa news agency said that the Israeli army “targeted the entrance of Al Awdah School sheltering displaced persons” on Tuesday night, killing at least 29 and injuring many others.

It is the fourth strike of its kind on a school in Gaza in less than a week.

Ismael Abu Anza was playing football with other displaced teenagers inside the school's playground when an Israeli rocket struck people at the school gate.

“Suddenly we started to run and didn't know what to do; it was horrific,” he told The National.

“Most of the martyrs were torn apart. We tried to help evacuate people, but what we experienced can't be described.”

Gaza's government media office condemned the strike as a “horrific massacre” on Tuesday night, adding that 60 people had been killed in a series of large-scale attacks on refugee camps that day.

Atef Abu Dakka, from eastern Khan Younis, was also taking shelter in the school with his family and is in shock from what he witnessed.

“Only normal people were there. No fighters were there. All of them were children, women and elderly people. They were all civilians,” he told The National, describing rockets striking people as they stood by the school gate.

“Where should I go now? No place is safe, they are targeting everything. We are escaping death to another death.”

A van carrying injured people arrives at Nasser Hospital in Khan Younis. AFP
A van carrying injured people arrives at Nasser Hospital in Khan Younis. AFP

Israeli forces said they were investigating reports of the strike, but added that their target was struck with a “precision munition” and was adjacent to the school.

“The incident is under review,” said the army.

Tuesday's attack followed another strike on the Al Jaouni school in Nuseirat in the centre of the enclave on Monday, which killed at least 16 people. The UN agency for Palestinian refugees, UNRWA, said 2,000 people were sheltering there at the time.

A Tuesday strike on the Holy Family school in Gaza city killed four, according to Gaza's civil defence agency. The Latin Patriarchate, owners of the school, said hundreds of people had packed the grounds at the time.

Another UNRWA-run school in Nuseirat was hit on Monday. A local hospital said several people were taken in for treatment.

Israel said it had targeted “several terrorists” using the school for cover. But Hamas has denied Israeli claims that it uses schools, hospitals and other civilian facilities for military aims.

According to UNRWA, more than 500 people have been killed in schools and other shelters it runs in Gaza since the war started on October 7 with the Hamas attack on Israel.

Displaced under fire

At least 38,000 people have been killed in Israel’s war on Gaza since then.

However, the Lancet medical journal reported that it is “not implausible” for the Gaza death toll to have reached 186,000 or more since the Israeli bombardment began, 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.

Nine months since the war began, Gazans say Israel's intensified bombing campaigns and new displacement orders are reminding them of the initial days of fighting.

Israeli forces launched a new military operation on the northern Gaza city this week and demanded that more than 75 per cent of its residents flee to the south, forcing a renewed wave of displacement, reminiscent of when fighting began.

The UN humanitarian office reports that thousands of Palestinians in Gaza city have been fleeing in many directions, not knowing which way is safe from Israel's expanding military offensive.

“Many have been displaced under fire and bombardment, with very few being able to take their possessions,” said UN spokesman Stephane Dujarric on Tuesday, citing reports by the UN Office for the Co-ordination of Humanitarian Affairs.

“We were sitting at the entrance of the school … suddenly and without warning, rockets were fired,” a witness, Mohammed Sukkar, told AFP about Tuesday's strike.

OCHA described this latest displacement of people following recent Israeli evacuation orders as “dangerously chaotic,” with people fleeing having to go into or through neighbourhoods where fighting is taking place – or to areas where separate Israeli evacuation orders were later issued, Mr Dujarric said.

“Civilians in Gaza must be protected and have their basic needs met, whether they move or stay,” the UN spokesman said.

“Those who leave must have enough time to do so, as well as a safe route and a safe place to go.”

Mr Dujarric said OCHA warned that hostilities in these areas of Gaza city are preventing aid organisations from accessing warehouses, so they can’t restock, resupply or assess the latest needs.

Gaza ceasefire negotiations resumed this week as mediation efforts to pause the war in the Palestinian enclave gain momentum. Hamas and Israel have started to show some flexibility after months of deadlock.

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THE BIO

Favourite place to go to in the UAE: The desert sand dunes, just after some rain

Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude

Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE

Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally

Favourite subjects in school: Mathematics and science

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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.”

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

RACE CARD AND SELECTIONS

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7pm: Arabian Triple Crown Listed (PA) Dh230,000 1,600m

7.30pm: Handicap (PA) Dh80,000 1,400m

 

The National selections

5pm: RB Hot Spot

5.30pm: Dahess D’Arabie

6pm: Taamol

6.30pm: Rmmas

7pm: RB Seqondtonone

7.30pm: AF Mouthirah

Updated: July 10, 2024, 1:23 PM