Palestinians near the site of a drone strike in Nour Shams refugee camp in Tulkarm in the Israeli-occupied West Bank on August 27. Reuters
Palestinians near the site of a drone strike in Nour Shams refugee camp in Tulkarm in the Israeli-occupied West Bank on August 27. Reuters
Palestinians near the site of a drone strike in Nour Shams refugee camp in Tulkarm in the Israeli-occupied West Bank on August 27. Reuters
Palestinians near the site of a drone strike in Nour Shams refugee camp in Tulkarm in the Israeli-occupied West Bank on August 27. Reuters

Palestinian shot dead by settlers in West Bank after five killed in strike on Tulkarm


Nada AlTaher
  • English
  • Arabic

Live updates: Follow the latest from Israel-Gaza

Israeli settlers shot and killed a Palestinian in the occupied West Bank village of Wadi Rahhal, Palestinian news agency Wafa reported on Tuesday, hours after five people were killed in an air attack on Nour Shams refugee camp in Tulkarm.

Khalil Salem Khalawi, 40, died of gunshot wounds while three others were wounded by the settlers, Wafa said, with dozens of people also reportedly hit with smoke bombs.

Settler attacks on the West Bank have increased since the war in Gaza began on October 7. The UN documented at least 1,250 incidents and 120 deaths as of August 12.

Israeli settlers have often been accompanied by soldiers during attacks, setting fire to homes and property. In Jit, near Nablus, one Palestinian was killed and another was critically wounded when settlers opened fire this month.

Wafa reported in June and July that Israeli troops tied Palestinians to their armoured vehicles in the West Bank in two separate incidents.

A man is placed on an Israeli military vehicle on Tuesday in Tulkarm in the West Bank. Wafa
A man is placed on an Israeli military vehicle on Tuesday in Tulkarm in the West Bank. Wafa

Israeli vehicles also stormed Tulkarm overnight, accompanied by low-flying reconnaissance aircraft, but no arrests were made, Wafa said.

It comes after they bombed a house in Nour Shams on Monday night, killing five people including two children, according to the news agency.

In Gaza, more strikes were reported in Khan Younis and Deir Al Balah on Tuesday morning, days after the Israeli military issued another eviction order, prompting civilians and NGO workers to leave in waves. The order has reduced the space left to accommodate half of Gaza's population to 13 square kilometres.

“Our humanitarian colleagues are particularly worried about the order,” the UN's humanitarian office OCHA said in a statement on Monday. It “effectively upends a whole lifesaving humanitarian hub that was set up in Deir Al Balah following its evacuation from Rafah back in May”.

The area under the latest order covers 15 premises hosting UN and NGO aid workers, UN warehouses, a water desalination plant and medical facilities, including Al Aqsa hospital, one of only a few operating in Gaza, the OCHA said.

The UN had based its operations in Deir Al Balah after being forced to relocate from Rafah as heavy fighting goes on.

On Tuesday, the UAE condemned comments by far-right Israeli Minister of National Security Itamar Ben-Gvir suggesting Israel could build a synagogue in the compound of Al Aqsa Mosque in Jerusalem.

The Al Aqsa Mosque compound is a site considered holy by Muslims, Jews and Christians and is often a focal point of Israeli-Palestinian tension.

“If I could do anything I wanted, I would put an Israeli flag on the site,” Mr Ben-Gvir told Israel's Army Radio. He replied “yes” when asked whether he would build a synagogue there.

The UAE's Ministry of Foreign Affairs stressed “the need for Israel to respect the historical and legal status quo in Jerusalem and not to tamper with it”.

The ministry reiterated the UAE's position that there was a “need to provide full protection for Al Aqsa Mosque and stop serious and provocative violations”.

The mosque is administered by an Islamic trust that is funded and controlled by Jordan in a security arrangement with Israel, after the two countries signed a peace treaty in 1994. Under the arrangement, Jews are not allowed to pray in the grounds of Al Aqsa compound but can pray at the nearby Western Wall.

Semi-final fixtures

Portugal v Chile, 7pm, today

Germany v Mexico, 7pm, tomorrow

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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.”

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7pm – Step On DJs

8pm – Richard Ashcroft

9.30pm – Chris Wright

10pm – Fatboy Slim

11pm – Hollaphonic

 

Updated: August 27, 2024, 3:52 PM