Live updates: Follow the latest on Israel-Gaza
Confusion surrounded the assassination of Hamas leader Ismail Haniyeh on Thursday, with conflicting reports suggesting Israel targeted his Tehran residence with an air strike, a projectile fired from the ground in Iran, or with a bomb planted there much earlier.
Hamas deputy leader Khalil Al Hayya said Mr Haniyeh was hit “directly” by a missile, destroying the room he was in, without offering more detail. According to sources quoted in a report by the New York Times on Thursday, the Hamas leader was killed when an explosive device smuggled into his residence about two months ago was detonated remotely.
Images were circulating on social media on Thursday purporting to show the damaged residence, near the Iranian government's Saadabad Palace, with part of the building having collapsed and covered by green netting. Neither Iran nor Hamas confirmed the precise location of the strike.
Whichever way, the killing of Mr Haniyeh would represent a significant advance in Israel’s capability to strike targets deep inside Iran which, in theory, enjoys significant protection from its security forces and air defences.
It also follows a long pattern of sabotage of highly secure nuclear sites and killings of several figures linked to the country’s nuclear programme that suggest Israeli infiltration of Iran's security forces.
The most well-known killing was of Mohsen Fakhrizadeh in 2020, reportedly by a satellite-controlled, vehicle-mounted FN rifle. He was one of at least six scientists assassinated in Iran since 2010.
As with Mr Haniyeh’s death, there were conflicting reports about Mr Fakhrizadeh's killing, with Iran denying sophisticated technology had been used.
These attacks attributed to Israel show an adeptness at identifying targets in Iran, not only for assassination but for other operations, such as the theft of about 50,000 nuclear programme documents from a warehouse near the capital in 2018.
Despite massive advances in remote intelligence collection, such operations would require “human intelligence”, or local informants, experts say.
Iran’s air defences are considered too dense for Israeli drones such as the Hermes 900, which can loiter for hours monitoring targets with an array of powerful cameras, as well as carry out attacks. In any case, the Hermes, and even longer-range drones such as US-made Reapers, would not have the capability for such an operation, at least not if launched from Israel.
Furthermore, wartime leaders such as Mr Haniyeh would be expected to take extreme precautions against attempts and track them electronically.
Secret informants
“There is a history of Israeli intelligence operative penetration within Iranian borders, including assassinations of nuclear scientists and ballistic missile figures,” says Mark Pyruz, a security analyst focused on anti-regime sentiment and protests in Iran.
“There have also been recent UAV [drone] strike incidents, possibly launched from within Iran, such as the facility in Isfahan and the SAM [surface-to-air missile] site near Shahid Major General Abbas Babaei airbase.”
Iran issued conflicting reports about those attacks in April, which came days after it launched hundreds of drones and missiles at Israel in response to an air strike that killed two senior Iranian generals working with Tehran-backed militias in Damascus.
Analysts said images of a piece of a missile booster found in Iraq suggested Israel had penetrated Iran's defences with an air-launched ballistic missile fired from outside Iranian airspace.
If that was the case, the strike involved pinpoint accuracy from considerable range and a capability to overcome Iran’s S-300 air defence system through sheer speed.
But the air defence site was a static target, visible to Israel’s small number of reconnaissance satellites and even on commercial satellite imagery.
Mr Haniyeh, by contrast, was a moving target on an official visit, who would have had a varied schedule only insiders would know.
Mr Pyruz says the Israeli intelligence service Mossad would have had a wide range of regime enemies to draw on as informants on Mr Haniyeh’s movements.
Iran periodically announces the arrest of individuals or groups allegedly working for Israel.
“A level of co-operation with armed separatist groups operating inside Iran is also documented,” Mr Pyruz says. “Then there is also the heightened risk inherent with a relatively large discontented and disaffected segment of the populace – a point referenced by internal Iranian security studies.”
Philip Smyth, an expert on Shiite militant groups in the region, says other motivations for double agents could be bitterness over the handling of Iran’s many regional wars and corruption scandals that have rocked the ostensibly pious regime.
“The corruption is some of the worst, I'm sure it's a driver, too,” he says.
Iran has been accused of recruiting thousands of militia fighters from Afghanistan, Pakistan and farther afield, sending them to fight in Syria in austere conditions, with some accusing the regime of using them as cannon fodder.
Israel's history of assassinations
Regardless of the exact method, the attack on Mr Haniyeh points to Israel leaping up the ladder of escalation, from tactical to strategic strikes.
The former affect near-term operations and range from strikes on enemy field commanders in Lebanon, Gaza and Syria to the targeting of weapons experts, such as the 2018 car bombing in Hama, Syria, that killed ballistic missile expert Aziz Asbar.
At the strategic end are killings of senior leaders that aim to exert a political impact and change the methods of foes.
“Location is very important. Showing long reach and hard-target penetration, as in Dahieh [Beirut, a Hezbollah stronghold], Tehran and Damascus. Lots of capability demonstration and increased effort to shock and deter,” says Michael Knights, security expert at the Washington Institute for Near East Policy.
The killing of Mr Haniyeh, and to a lesser extent senior Hezbollah commander Fouad Shukr in Beirut on Tuesday – the second time Israel has targeted the Lebanese capital since the strike that killed Hamas deputy leader Saleh Azouri in March – represent Israel’s willingness to cross red lines.
Those with perceived political capital are targets, too, such as Yasser Kranbish, who was described as Hezbollah leader Hassan Nasrallah’s bodyguard.
Zones considered by many to be conflict free, such as capital cities, are not off limits.
Hezbollah’s second in command, Imad Mugniyeh, was killed in a Damascus car bombing in 2008, for example.
Notoriously, Israel sent Mossad assassins after Palestinian militants in Europe and Lebanon after the 1972 Munich massacre, killing men in Paris, Rome and Beirut.
An air strike on the Palestinian Liberation Headquarters in Tunis in 1985 killed scores of people. In 1990, a Canadian weapons scientist working with Iraq was shot dead in the Netherlands, in what was also thought to be a Mossad operation.
Expanded further, Israel considers areas populated by civilians as legitimate targets if it suspects militants are present, as has been the case in Gaza. An air strike last month targeting Hamas commander Mohammed Deif killed at least 90 people near what the Israeli military had declared a humanitarian zone.
“Killing low level is important work but doesn't restore confidence in Israel's QME,” Mr Knights says, referring to what the US calls Israel’s need for a “qualitative military edge” in the region.
“The US has learnt the same lesson – the Resistance Axis will swap high-level commander deaths for foot soldier deaths all day long,” he adds, referring to the Iran-backed coalition comprising Hezbollah, the Houthi rebels in Yemen and various Iraqi, Syrian, Lebanese and Palestinian militias.
Israel’s latest strikes, Mr Knights says, represent “escalation dominance”.
Commenting on the failure of security services, Mr Pyruz says: “The Haniyeh assassination may not be so much a technical or organisational leap.”
It was, however, “extraordinary in targeting subject and location”.
Mr Pyruz has a grim outlook for the now 42-year long Iran-Israel conflict, and the current regional escalation.
“Assassinations, while serving to perpetuate conflict dynamics, are not in themselves expected to alter the fundamental reality. For the Axis of Resistance, these are further cases of attrition and replacement, part of a commitment to a long struggle.”
The specs
Engine: 2.0-litre 4-cyl, 48V hybrid
Transmission: eight-speed automatic
Power: 325bhp
Torque: 450Nm
Price: Dh359,000
On sale: now
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
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Match info
Bournemouth 1 (King 45 1')
Arsenal 2 (Lerma 30' og, Aubameyang 67')
Man of the Match: Sead Kolasinac (Arsenal)
if you go
The biog
Favourite car: Ferrari
Likes the colour: Black
Best movie: Avatar
Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
Brief scores:
Scotland 371-5, 50 overs (C MacLeod 140 no, K Coetzer 58, G Munsey 55)
England 365 all out, 48.5 overs (J Bairstow 105, A Hales 52; M Watt 3-55)
Result: Scotland won by six runs
More on animal trafficking
The%20Killer
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The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
How%20to%20avoid%20getting%20scammed
%3Cul%3E%0A%3Cli%3ENever%20click%20on%20links%20provided%20via%20app%20or%20SMS%2C%20even%20if%20they%20seem%20to%20come%20from%20authorised%20senders%20at%20first%20glance%3C%2Fli%3E%0A%3Cli%3EAlways%20double-check%20the%20authenticity%20of%20websites%3C%2Fli%3E%0A%3Cli%3EEnable%20Two-Factor%20Authentication%20(2FA)%20for%20all%20your%20working%20and%20personal%20services%3C%2Fli%3E%0A%3Cli%3EOnly%20use%20official%20links%20published%20by%20the%20respective%20entity%3C%2Fli%3E%0A%3Cli%3EDouble-check%20the%20web%20addresses%20to%20reduce%20exposure%20to%20fake%20sites%20created%20with%20domain%20names%20containing%20spelling%20errors%3C%2Fli%3E%0A%3C%2Ful%3E%0A
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up
Top 10 in the F1 drivers' standings
1. Sebastian Vettel, Ferrari 202 points
2. Lewis Hamilton, Mercedes-GP 188
3. Valtteri Bottas, Mercedes-GP 169
4. Daniel Ricciardo, Red Bull Racing 117
5. Kimi Raikkonen, Ferrari 116
6. Max Verstappen, Red Bull Racing 67
7. Sergio Perez, Force India 56
8. Esteban Ocon, Force India 45
9. Carlos Sainz Jr, Toro Rosso 35
10. Nico Hulkenberg, Renault 26
One in four Americans don't plan to retire
Nearly a quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals' retirement plans and the realities of ageing in the workforce.
Experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their jobs sooner than they'd like.
According to the poll from The Associated Press-NORC Centre for Public Affairs Research, 23 per cent of workers, including nearly two in 10 of those over 50, don't expect to stop working. Roughly another quarter of Americans say they will continue working beyond their 65th birthday.
According to government data, about one in five people 65 and older was working or actively looking for a job in June. The study surveyed 1,423 adults in February this year.
For many, money has a lot to do with the decision to keep working.
"The average retirement age that we see in the data has gone up a little bit, but it hasn't gone up that much," says Anqi Chen, assistant director of savings research at the Centre for Retirement Research at Boston College. "So people have to live in retirement much longer, and they may not have enough assets to support themselves in retirement."
When asked how financially comfortable they feel about retirement, 14 per cent of Americans under the age of 50 and 29 per cent over 50 say they feel extremely or very prepared, according to the poll. About another four in 10 older adults say they do feel somewhat prepared, while just about one-third feel unprepared.
"One of the things about thinking about never retiring is that you didn't save a whole lot of money," says Ronni Bennett, 78, who was pushed out of her job as a New York City-based website editor at 63.
She searched for work in the immediate aftermath of her layoff, a process she describes as akin to "banging my head against a wall." Finding Manhattan too expensive without a steady stream of income, she eventually moved to Portland, Maine. A few years later, she moved again, to Lake Oswego, Oregon. "Sometimes I fantasise that if I win the lottery, I'd go back to New York," says Ms Bennett.
Meydan race card
6.30pm: Maiden Dh 165,000 1,600m
7.05pm: Handicap Dh 185,000 2,000m
7.40pm: Maiden Dh 165,000 1,600m
8.15pm: Handicap Dh 190,000 1,400m
8.50pm: Handicap Dh 175,000 1,600m
9.25pm: Handicap Dh 175,000 1,200m
10pm: Handicap Dh 165,000 1,600m
Company%C2%A0profile
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The biog
Favourite films: Casablanca and Lawrence of Arabia
Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins
Favourite dish: Grilled fish
Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.
Asia%20Cup%202022
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Coming soon
Torno Subito by Massimo Bottura
When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.
Akira Back Dubai
Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as, “an innovative Japanese cuisine prepared with a Korean accent”.
Dinner by Heston Blumenthal
The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems.
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
Motori Profile
Date started: March 2020
Co-founder/CEO: Ahmed Eissa
Based: UAE, Abu Dhabi
Sector: Insurance Sector
Size: 50 full-time employees (Inside and Outside UAE)
Stage: Seed stage and seeking Series A round of financing
Investors: Safe City Group
First Person
Richard Flanagan
Chatto & Windus
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
Torque: 849Nm
Range: 456km
Price: from Dh437,900
On sale: now
Abu Dhabi GP schedule
Friday: First practice - 1pm; Second practice - 5pm
Saturday: Final practice - 2pm; Qualifying - 5pm
Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm
Company%20Profile
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MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia