Live updates: Follow latest on Israel-Gaza
Lebanese officials are engaged in extensive last-minute diplomatic efforts with western capitals to exert pressure on Israel and prevent it from retaliating for the deadly strike in the occupied Golan Heights, political sources said on Monday.
Hezbollah denied responsibility for the attack on Majdal Shams on Saturday that killed 12 teenagers and children. However, Israel insisted that the Iran-backed Lebanese group was behind the strike and vowed a strong response.
On a visit to the Israeli-occupied village on Monday, Israeli Prime Minister Benjamin Netanyahu promised that the "response will come, and it will be harsh".
But Mr Netanyahu's visit was not well-received by residents of Majdal Shams, the vast majority of whom refused to take Israeli citizenship following the annexation of the Golan Heights in 1981. Footage emerged showing dozens of people in the Druze town protesting his visit, chanting "leave, you are not welcome".
Israeli jets and drones struck targets in southern Lebanon on Monday, killing two Hezbollah fighters and injuring three people. But there were expectations of a more severe retaliation after the war cabinet on Sunday evening authorised Prime Minister Benjamin Netanyahu and Defence Minister Yoav Gallant to decide on the manner and timing of the response.
“We are bracing for a response that could be similar to the bombing of the port of Hodeidah [in Yemen] and sites in Iran, without sliding into a wide-scale war, unless something unforeseen happens and things get out of control,” a political source in Beirut said.
“Extensive contacts have been taking place since the attack with several capitals, including Washington, in order to put pressure on Israel to prevent it from expanding the war.”
Another political source in Beirut said that US envoy Amos Hochstein, who has been a key mediator between Lebanon and Israel, told Lebanese officials that “Israel will launch a large-scale operation”.
Saturday's rocket attack struck a football pitch in the mostly Druze village of Majdal Shams. Israel invaded the Syrian territory in 1967 and annexed it in 1981, in a move that was rejected by major world powers.
Hezbollah has attacked Israeli targets in northern Israel and in the Golan Heights as part of a wider, Iranian-led retaliation against Israel for its current war in the Gaza Strip that has killed more than 39,300 Palestinians since October 7, including thousands of children.
The war started after Hamas, an ally of Hezbollah and Iran, attacked southern Israeli towns, killing and abducting hundreds.
Evacuation rumours
The conflict between Hezbollah and Israel has since October pushed tens of thousands of Israelis away from the border, forcing them to evacuate towns and live in hotels and government centres elsewhere.
Many of those vowed not to return before Hezbollah was pushed away from the border.
Israel has struck dozens of Hezbollah houses and arms depots in Lebanon and Syria. It has also successfully located and assassinated field commanders through its extensive surveillance arms and on-ground agents.
Local media said Hezbollah had, since Saturday, evacuated sites in the southern part of Lebanon and the Bekaa Valley in the east, as well as sites in the Sayyida Zeinab area near Damascus.
But security sources, a local rescue worker, and the mayors of three separate towns in southern Lebanon said no evacuations had taken place in populated areas.
“There are many people who are worried about Israel’s threats. Some people left the village yesterday and went to Beirut,” said Imad Lallous, mayor of the southern town of Ain Ebel.
“However, nothing was ordered by anyone and the decision to stay or go is up to each individual.”
Rumours spread that the deaths in Majdal Shams were caused by an Israeli military air defence interceptor.
Syria also accused Israel but the White House National Security Council stressed that the strike was carried out by Hezbollah.
“This attack was conducted by Lebanese Hezbollah. It was their rocket and launched from an area they control,” NSC spokeswoman Adrienne Watson said on Sunday night.
Despite Hezbollah’s denial, Lebanese Foreign Minister Abdullah Bou Habib said that the strike could have been the result of an “error” by the heavily armed group.
The attack was “carried out by other organisations, an Israeli error, or a Hezbollah error”, he said, calling for an international investigation into the incident.
The last major war between the two occurred 18 years ago. It began in July 2006 and lasted more than a month, resulting in the deaths of about 1,200 Lebanese and 165 Israelis, while also destroying much of Lebanon's infrastructure.
Ahead of Israel's expected retaliation, many international carriers have delayed or cancelled flights to Lebanon. Germany called on its citizens to leave the country and the US Embassy in Beirut reminded citizens to “reconsider travel to Lebanon”, warning those already in the country to take precautions.
Meanwhile, as politicians and diplomats race to contain the escalation, Lebanon's residents have braced for the worst.
“There's fear, but people have nowhere else to go,” said Joseph Salameh, Mayor of the southern Qlayaa village.
“We’re just hoping for the best.”
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
The biog
Name: Capt Shadia Khasif
Position: Head of the Criminal Registration Department at Hatta police
Family: Five sons and three daughters
The first female investigator in Hatta.
Role Model: Father
She believes that there is a solution to every problem
Bharat
Director: Ali Abbas Zafar
Starring: Salman Khan, Katrina Kaif, Sunil Grover
Rating: 2.5 out of 5 stars
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.”
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
COMPANY%20PROFILE
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Tuesday results:
- Singapore bt Malaysia by 29 runs
- UAE bt Oman by 13 runs
- Hong Kong bt Nepal by 3 wickets
Final:
Thursday, UAE v Hong Kong
The Freedom Artist
By Ben Okri (Head of Zeus)
Sweet%20Tooth
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Bookshops: A Reader's History by Jorge Carrión (translated from the Spanish by Peter Bush),
Biblioasis
What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East