Live updates: Follow the latest on Israel-Gaza
Israeli air strikes on Gaza city killed at least 14 people on Wednesday night and into Thursday morning, Palestinian media reported, as the army continued to escalate attacks on central parts of the enclave.
Four people, including a child, were killed in a strike on a home in Al Tuffah neighbourhood, Wafa news agency reported, while five people, including two children, were killed in an attack on a house in Al Zeitoun district. Two people were later killed in a dawn air strike on Al Zeitoun.
Another air strike killed three in Al Nasr neighbourhood, Wafa reported.
The army has intensified attacks on Gaza city in recent days, with heavy shelling and regular air strikes reported across the city and its outskirts. Repeated attacks since the war began have forced many of the city's residents to move elsewhere.
A dawn air strike killed also three people in Jabalia refugee camp, while extensive attacks were also reported on the Nuseirat and Bureij camps.
The death toll of an earlier strike on Al Jawni school in Nuseirat refugee camp rose to 18, including six employees of the UN's agency for Palestinian refugees (UNRWA) – the organisation's biggest loss in a single attack since the war began. At least 18 were wounded, Gaza's civil defence said.
UN Secretary General Antonio Guterres criticised Israel after the attack, saying what is happening in Gaza is “unacceptable”.
About 12,000 displaced people had sought shelter in the school at the time of the attack, Mr Guterres said.
“These dramatic violations of international humanitarian law need to stop now,” he wrote on social media.
The UNRWA said it was the fifth attack on the school since the war began. The agency's director, Philippe Lazzarini, condemned the “endless and senseless killing”.
“The longer impunity prevails, the more international humanitarian law and the Geneva Conventions will become irrelevant,” Mr Lazzarini wrote on social media, calling for an immediate ceasefire.
Survivors of the strike scrambled to retrieve bodies and belongings from the rubble. “I can hardly stand up,” one man told AFP.
“We've been going through hell for 340 days now, what we've seen over these days, we haven't even seen it in Hollywood movies, now we're seeing it in Gaza.”
Sixteen people were killed in a previous strike on the school in July.
Israel's permanent representative to the UN Danny Danon criticised Mr Guterres for his remarks on the latest strike, accusing the Secretary General of “distorting reality”.
The army said it carried out a “precision strike” on the school, which it said was being used as a Hamas command centre. The militant group has previously denied such accusations.
Schools have been regularly hit by Israeli bombardment, with dozens killed at a time.
More than 100 people were killed in Gaza city last month in an attack on a school where thousands of displaced people were sleeping and praying.
About 41,100 people have been killed and 95,000 wounded across Gaza since the war began, according to the enclave's Health Ministry.
The war broke out on October 7, when Hamas killed about 1,200 people and abducted about 240 during attacks on southern Israel.
Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
Company%20profile
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More from Rashmee Roshan Lall
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Meydan race card
6.30pm: Maiden; Dh165,000; (Dirt) 1,200m
7.05pm: Handicap; Dh170,000; (D) 1,200m
7.40pm: Maiden; Dh165,000; (D) 1,900m
8.15pm: Handicap; Dh185,000; (D) 2,000m
8.50pm: Handicap; Dh185,000; (D) 1,600m
9.25pm: Handicap; Dh165,000; (D) 2,000m
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
The specs
Engine: 2.0-litre 4-cyl
Power: 153hp at 6,000rpm
Torque: 200Nm at 4,000rpm
Transmission: 6-speed auto
Price: Dh99,000
On sale: now
Scoreline
Liverpool 3
Mane (7'), Salah (69'), Firmino (90')
Bournemouth 0
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
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.”
Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
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.
MWTC
Tickets start from Dh100 for adults and are now on sale at www.ticketmaster.ae and Virgin Megastores across the UAE. Three-day and travel packages are also available at 20 per cent discount.
Cricket World Cup League Two
Teams
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Namibia beat Oman by 52 runs
UAE beat Namibia by eight wickets
Fixtures
Saturday January 11 - UAE v Oman
Sunday January 12 – Oman v Namibia
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
How Beautiful this world is!
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
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