'The most violent night': Lebanese tell of Hezbollah-Israel strikes


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“It was the most violent night,” said Wafa Raghda, 42, a resident of Burj el Moulouk in southern Lebanon, a couple of kilometres from the Israeli border. The single mother of three is not easily spooked after enduring 10 months under daily exchanges of fire between Hezbollah and Israel.

She is among about 60,000 people still living near the border despite daily outbreaks of violence. Her house is located in the so-called Christian corridor, theoretically spared from the fighting despite being extremely close to active shelling.

But last night was different.

“All the doors shook. It was so violent I first thought it was an earthquake because the ground started shaking and shaking. Oh my God, it was not normal,” she told The National over the phone.

Her children, although accustomed to the sound of nearby shelling after months of war and hiding in the bathroom during active shelling, were “terrified”, she said.

The warplanes were very low - they hit a car in front of our house
Wafa Raghda,
Burj el Moulouk, southern Lebanon

“The warplanes were very low, and they hit a car in front of our house. It was really strong this time. We haven't slept all night,” she said.

At around 4pm on Sunday, Israel launched a series of what it called preventive strikes in south Lebanon against the pro-Iranian militant group. About 100 fighter jets “struck and destroyed thousands of Hezbollah rocket launcher barrels” at more than 40 launch sites, according to Israeli military spokesman Admiral Daniel Hagari, in an unprecedented attack aimed at thwarting a massive Hezbollah offensive.

Hezbollah said two of its fighters were killed in south Lebanon during the attack, while Amal, a Hezbollah-allied group, announced the death of one of its fighters, identified as Ayman Idris, killed in an Israeli strike in Khiam, south Lebanon.

At least 601 people have been killed in Israeli attacks on Lebanon since the cross-border conflict broke out in October in parallel with Israel's war on Gaza, most of them fighters.

An hour later on Sunday, Hezbollah announced a large-scale attack, which it called a first retaliation for the killing of its senior commander Fouad Shukr, by launching more than 320 Katyusha rockets, with most of the projectiles aimed at military bases in the Galilee region of northern Israel and the occupied Golan Heights. Early Israeli assessments say key targets for Hezbollah were believed to be two military sites near Tel Aviv. Israel claims to have thwarted the attack, while Hezbollah claimed a “success” in a statement.

Mayor of Kfar Kila, Hassan Cheet, speaking on the phone from his village, located only a couple of metres away from the border, said: "What happened was the strongest that ever happened throughout all the war... and it was very hard, it was exhausting, and scary.

"People from all over the south, children and women, experienced the battlefield with sounds and images - the 'enemy' targeted villages they had never targeted before.”

Mr Cheet, who also works with the civil defence in Kfar Kila, added: "We're ready for everything, we're still working with the ambulances, we're not leaving our village.”

Those living in southern Lebanon were not the only ones affected.

Beirut’s southern suburbs were described by one local as “completely empty” after the overnight exchanges of fire. The densely populated area, known locally as Dahieh, is one of Hezbollah’s main support bases.

It was in Dahieh that senior Hezbollah commander Fouad Shukr was assassinated in an Israeli strike last month, prompting many residents to seek refuge in safer regions in case of a wider conflict with Israel.

“The streets of Dahieh are completely empty because of the situation,” said Mohammed, who had dropped something at his sister's house in the morning. “Everyone is staying in their home."

Fears of a regional war have spread following the double assassination of Mr Shukr in Beirut and Hamas political leader Ismail Haniyeh in Iran, both blamed on Israel.

Sunday's attack was part of a much-anticipated retaliation, which diplomatic efforts have tried to contain by reviving ceasefire talks for Gaza amid fears that a co-ordinated Hezbollah-Iranian attack could spark a regional war.

Negotiations have so far been unsuccessful.

On Sunday evening, Hezbollah leader Hassan Nasrallah said his group would assess the attack's impact and decide later if a bigger retaliation is needed.

“At this stage, our country can breath and relax," he said.

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Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

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Full name: Pasqual Handi Kamindu Dilanka Mendis

Born: September 30, 1998

Age: 20 years and 26 days

Nationality: Sri Lankan

Major teams Sri Lanka's Under 19 team

Batting style: Left-hander

Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)

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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Director: Todd Phillips 

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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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Favourite Artist: Meryl Streep

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Most sixes: 292 – Chris Gayle

Most fours: 491 – Gautam Gambhir

Highest individual score: 175 not out – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)

Highest strike-rate: 177.29 – Andre Russell

Highest strike-rate in an innings: 422.22 – Chris Morris (for Delhi Daredevils against Rising Pune Supergiant in 2017)

Highest average: 52.16 – Vijay Shankar

Most centuries: 6 – Chris Gayle

Most fifties: 36 – Gautam Gambhir

Fastest hundred (balls faced): 30 – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)

Fastest fifty (balls faced): 14 – Lokesh Rahul (for Kings XI Punjab against Delhi Daredevils in 2018)

 

Updated: August 26, 2024, 4:18 PM