'We haven’t caught a break': Rescue workers dig as Dahieh residents await news of missing loved ones


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Dozens gathered near an area roped off by the Lebanese army late into the night, waiting for news of loved ones believed to be trapped under the rubble following an Israeli missile attack that leveled a residential building in Beirut’s suburb of Dahieh on Friday.

Israel's strike killed at least 31 people, including three children and seven women, and wounded 68, Lebanon's health ministry said. The Israeli army said the target of the strike was senior Hezbollah commander Hezbollah commander Ibrahim Aqil, who was meeting underneath the building along with other commanders of the group's elite Radwan Force.

The death toll was expected to rise as rescue workers continued their efforts well into the next day. By afternoon, 23 people remained missing under the rubble. On the evening of the strike, a teary-eyed woman in a black hijab asked Red Crescent workers for news of her daughter.

Rescuers work at the scene of an Israeli missile strike in the southern suburbs of Beirut. AP
Rescuers work at the scene of an Israeli missile strike in the southern suburbs of Beirut. AP

“I went to St George hospital and St Therese and no one knows where my daughter is. There has to be some way you can find out,” she implored the group of paramedics. “Where is my daughter?”

By morning, videos and photos of the four-year-old Naya and numerous others would be all over Lebanese social media, listed as “still missing”.

"If you have information about any of these people, please call the following phone number," the caption under the photos said.

A civil defence medic, who identified himself only as Hassan, told The National there was nothing they could do in many of these cases.

"Most of the time we don’t know if the person has been rescued yet, if they're alive or dead, or still under the rubble, or what hospital they went to,” he said, adding he had been working at the rescue site for hours.

The exhausted paramedic proudly told The National he was part of a team who had pulled a young man out of the rubble, still alive. In the next second he remembered the moments following the rescue and his face fell again. “We pulled his wife out too…. But she was already dead.”

By Hassan’s assessment, many may still be trapped under the rubble of what was once a 10-storey apartment building situated on a busy street.

The exhausted medic said he had been running on adrenaline for four days, starting when communication devices, typically used by Hezbollah members to by-pass Israeli interception, simultaneously exploded across Lebanon in an unprecedented operation attributed to Israel’s Mossad agency. First they collected people whose fingers and eyes were ripped away by exploding pagers, he told The National. Then, somehow more absurdly, the same thing happened with walky-talkies. Now paramedics are digging through concrete to find survivors from the Israeli assassination that killed numerous civilians.

“This is a difficult time for Lebanon. For all of us. We haven’t caught a break,” Hassan said, sipping a quick coffee with other colleagues inside an ambulance.

Near the vehicle, dazed residents and other rescue workers sat in a restaurant, seeking a brief moment of respite.

Dahieh residents, some covered in blood or swathed in bandages, sat in plastic chairs near the security cordon. Others, some of them sobbing, paced up and down the street, caressing their prayer beads. They stepped over a pile of shattered glass mixed with blood on the pavement.

At times, the crowd grew agitated as rescuers carrying stretchers rushed into the closed-off area.

An old man speaking under a pseudonym, Ahmad, said he had been waiting hours to know whether his relatives – including four children under 10 years old – had survived.

“I called them as soon as I heard the news,” he told The National, his eyes reddened by exhaustion. “They never answered.”

He condemned the Israeli strike attack as a “war crime”. “This is not a battlefield. This building houses families, women, and children. This is not a fair war. Only our faith makes it bearable to pay this price.”

Another resident told The National defiantly that “victory will come”. He was waiting to see if his son's friend would be found under the rubble. The whole family was missing. The children are between two and 19 years of age.

French business

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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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Updated: September 24, 2024, 7:02 AM