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Lebanon's Hezbollah confirmed the death of its senior commander Fouad Shukr on Wednesday, a day after an Israeli strike hit a residential building in southern Beirut.
Hezbollah described Mr Shukr as "a great martyr on the road to Jerusalem", a phrase the group often uses to describe its members being killed.
An Iranian military adviser, Milad Bedi, was killed in the same strike, Iran's Fars news agency reported soon after the announcement of Mr Shukr's death.
As rescue efforts came to a close on Wednesday evening, the final death toll from the Israeli strike on the southern Beirut suburb stood at seven people: three women and two children, and Mr Shukr and Mr Bedi.
At least 74 people were injured in the attack.
Hezbollah leader Hassan Nasrallah is expected to speak on Thursday, to express the group's "political stance on this heinous attack and major crime", the statement added.
Mr Shukr is the most senior Hezbollah commander to be killed since Mustafa Badreddine was assassinated in Syria in 2016.
After announcing his death, Hezbollah released pictures of Mr Shukr with Mr Nasrallah and Mr Badreddine, as well as the former leader of Iran's Quds Force Qassem Suleimani and Hezbollah's former military leader, Imad Mughniyeh.
The last two have since been assassinated.
Three other Hezbollah commanders have been killed since hostilities broke out between Israel and Hezbollah in October.
Hezbollah had previously said Mr Shukr's fate was unknown, contradicting a statement from the Israeli army that announced his “elimination” on Tuesday night after the strike hit Beirut's Haret Hreik neighbourhood.
Hezbollah initially refrained from announcing the death of Mr Shukr, until his body was found under the rubble later in the day.
Israeli Prime Minister Benjamin Netanyahu hailed the Israeli military for killing Mr Shukr in a speech on Wednesday evening, describing it as one of several "crushing blows" against Iranian allies in the region over recent days.
Israel has described Mr Shukr as Hezbollah's most senior military commander and the right-hand man of the group’s leader, Hassan Nasrallah.
The US has said Mr Shukr played a central role in the October 1983 bombing of the US Marine Corps barracks in Beirut that killed 241 American personnel and wounded 128.
Israel said Mr Shukr ordered the strike on the Israeli-occupied Golan Heights that killed 12 children at the weekend, and described the strike on Beirut as revenge for that attack.
Mr Netanyahu had vowed a "severe" response against Hezbollah, while other Israeli leaders declared they were now in "all out war". Hezbollah has denied any involvement in the attack.
Mr Shukr was also responsible for “the killing of numerous additional Israeli civilians”, the Israeli military said.
Israeli Defence Minister Yoav Gallant posted a short message on X after the attack, stating: "Hezbollah crossed the red line".
The Lebanese group has launched attacks on sites in northern Israel and the Golan Heights as part of a wider, Iran-led retaliation against Israel over the war in Gaza, which has killed more than 39,400 Palestinians since October 7.
Hezbollah will plan to respond to any Israeli retaliation for the Majdal Shams attack and has rejected diplomatic efforts to convince it otherwise, sources close to the group told The National on Tuesday, before the Beirut strike took place.
Previous attacks on Hezbollah commanders have been met with retaliation from the Iran-backed group.
By attacking the Lebanese capital, Israel will be seen by Hezbollah as having escalated the conflict again.
Since October, Israel has mainly concentrated its strikes on southern Lebanon, although it did assassinate Hamas deputy leader Saleh Al Arouri in Beirut in January.
Fears of a regional war were heightened even more by the killing of Hamas leader Ismail Haniyeh in Iran on Wednesday morning, just hours after the strike on Dahieh.
Mr Haniyeh was killed in a strike on his Tehran residence, Hamas said in a statement. The Hamas leader was in Iran to attend the inauguration of President Masoud Pezeshkian.
Iran’s Islamic Revolutionary Guard Corps also announced Mr Haniyeh’s death.
“Early this morning, the residence of Ismail Haniyeh in Tehran was struck, resulting in his and one of his bodyguards’ martyrdom. The cause is under investigation and will be announced soon,” the IRGC said.
Israel has not yet commented on Mr Haniyeh’s assassination.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Price, base / as tested Dh395,000 / Dh420,000
Engine 3.5L V6
Transmission Six-speed manual
Power 410hp @ 7,000rpm
Torque 420Nm @ 3,500rpm
Fuel economy, combined 9.7L / 100km
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Dir: Francis Lawrence
Starring: Jennifer Lawrence, Joel Egerton, Charlotte Rampling, Jeremy Irons
Three stars
How being social media savvy can improve your well being
Next time when procastinating online remember that you can save thousands on paying for a personal trainer and a gym membership simply by watching YouTube videos and keeping up with the latest health tips and trends.
As social media apps are becoming more and more consumed by health experts and nutritionists who are using it to awareness and encourage patients to engage in physical activity.
Elizabeth Watson, a personal trainer from Stay Fit gym in Abu Dhabi suggests that “individuals can use social media as a means of keeping fit, there are a lot of great exercises you can do and train from experts at home just by watching videos on YouTube”.
Norlyn Torrena, a clinical nutritionist from Burjeel Hospital advises her clients to be more technologically active “most of my clients are so engaged with their phones that I advise them to download applications that offer health related services”.
Torrena said that “most people believe that dieting and keeping fit is boring”.
However, by using social media apps keeping fit means that people are “modern and are kept up to date with the latest heath tips and trends”.
“It can be a guide to a healthy lifestyle and exercise if used in the correct way, so I really encourage my clients to download health applications” said Mrs Torrena.
People can also connect with each other and exchange “tips and notes, it’s extremely healthy and fun”.
MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia scheduled for October 10
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."
The Limehouse Golem
Director: Juan Carlos Medina
Cast: Olivia Cooke, Bill Nighy, Douglas Booth
Three stars
UAE squad
Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
No Shame
Lily Allen
(Parlophone)
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.”
Countries offering golden visas
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
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