'They don't deserve this nightmare': Cancelled flights leave Lebanese stuck at Beirut airport



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Outside Beirut airport, smoke can be seen rising from the southern suburbs of the Lebanese capital, which have been the target of intense Israeli bombardment over the past week. Some people look on in terror, while capturing the aftermath on their phones.

The road leading to the airport is quieter than usual. Soldiers are stationed at the entry gates and inside, most shops and cafes are closed. All airlines except the national carrier, Middle East Airlines, have suspended flights to and from Lebanon because of security concerns.

"The road to the airport was clear, but once I arrived, the situation changed," Antoine Madi told The National on Sunday, while waiting in one of the long lines at the check-in desks for a flight to Frankfurt. "I’ve been in the queue for over an hour now, and I’ll probably be standing here even longer. I had a very hard time securing a flight ticket, and the price has tripled – for some routes, it's even more."

Israel has launched dozens of strikes on Beirut over the past week as hostilities with Hezbollah have escalated after nearly a year of low-level clashes over the war in Gaza. An Israeli air strike hit an apartment block near the Cola Bridge in Lebanon's capital early on Monday and a strike killed the Hezbollah leader Hassan Nasrallah on Friday.

The strikes have created a surge in people desperate to leave the increasingly dangerous areas. Trapped in an escalating conflict, thousands of residents are struggling to flee the violence, which has killed more than 1,000 people in the past two weeks. The caretaker Prime Minister Najib Mikati said on Sunday that up to a million people have been displaced.

"I feel like I’m in a film; I still haven’t processed what’s happening. Everything is moving so fast. Israeli air strikes are leaving smoke everywhere – from the balcony of my apartment, from the window at work, and now here at the airport, I can see the smoke clearly," said Ali Mohammed, another passenger. "I just want to get out of here quickly for the sake of my kids. They, and all the children, don’t deserve to live through this nightmare."

Karrar Haidar and his family fled their home in the southern suburbs of Beirut after Israel started bombing the area. "We ran out with just the clothes on our backs and spent the night in a school," he said as he stood in line waiting to board a flight to Istanbul. "Conditions there are really tough – there are no basic supplies, and not enough aid is coming through because of the large number of displaced people."

Most airlines have cancelled flights to Lebanon while many countries have called on their nationals to leave. The UK Foreign Office told British citizens still in Lebanon to “leave now”, while on Saturday the European Commission and the European Union Aviation Safety Agency (EASA) issued conflict zone information bulletins (CZIBs) recommending that airlines avoid operating within the airspaces of Lebanon and Israel “at all flight levels”.

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
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Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Premier Futsal 2017 Finals

Al Wasl Football Club; six teams, five-a-side

Delhi Dragons: Ronaldinho
Bengaluru Royals: Paul Scholes
Mumbai Warriors: Ryan Giggs
Chennai Ginghams: Hernan Crespo
Telugu Tigers: Deco
Kerala Cobras: Michel Salgado

UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
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Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
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Number of Chinese people in International City: Almost 50,000

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Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

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Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.

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Enjoys driving to Fujairah and Ras Al Khaimah with family

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Brief scores:

Newcastle United 1

Perez 23'

Wolverhampton Rovers 2

Jota 17', Doherty 90' 4

Red cards: Yedlin 57'

Man of the Match: Diogo Jota (Wolves)

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.”

As it stands in Pool A

1. Japan - Played 3, Won 3, Points 14

2. Ireland - Played 3, Won 2, Lost 1, Points 11

3. Scotland - Played 2, Won 1, Lost 1, Points 5

Remaining fixtures

Scotland v Russia – Wednesday, 11.15am

Ireland v Samoa – Saturday, 2.45pm

Japan v Scotland – Sunday, 2.45pm

Updated: September 30, 2024, 5:23 PM