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Hezbollah militants targeted Israeli soldiers near Lebanese border villages on Wednesday, a day after Israel said it had killed two successors to Hezbollah's assassinated chief Hassan Nasrallah.
The Israeli troops were hit directly with rockets and artillery shells, and forced to retreat from near the village of Labbouneh, the Iran-backed group said.
It also claimed responsibility for an attack on troops attempting to enter the southern village of Blida that wounded several people. Later on Wednesday, Hezbollah said it had launched rockets and artillery fire in a number of attacks on Israeli soldiers trying to advance into Meiss El Jabal near the border.
Separately, at least four people were killed and 10 injured in an Israeli attack on the town of Wardanieh, north of the city of Sidon in the Chouf district.
Inside Israel, two people were killed in the northern town of Kiryat Shmona in rocket fire from Hezbollah, Israel's ambulance service said. The Israeli army said about 20 projectiles were fired into the country from Lebanon.
Wednesday's violence came after the Israeli army said three soldiers had been seriously wounded in southern Lebanon earlier in the week and a day after Israeli Prime Minister Benjamin Netanyahu threatened further attacks on Lebanon.
“You have an opportunity to save Lebanon before it falls into the abyss of a long war that will lead to destruction and suffering like we see in Gaza,” Mr Netanyahu said in a video message directed at Lebanese citizens.
Elsewhere on Wednesday, Israeli police said at least six people were wounded, some seriously according to emergency responders, in a stabbing in Hadera. Police described it as a "terrorist attack".
"The attack took place on four different sites where six people were stabbed ... a short time ago, the police located the suspect and neutralised him by shooting," officers said.
Israel's ambulance service said they treated several people, some of whom were in serious condition. Hamas, meanwhile, praised the "heroic" knife attack and said it was "a powerful message that the occupation's crimes in Gaza and the West Bank will not go unpunished".
More than 2,000 people have been killed and 1.2 million displaced by Israeli attacks on Lebanon in the past year. The fighting has now escalated into intense air strikes across the country and a ground invasion in the south.
Mr Netanyahu indicated Israel had killed Hashem Safieddine, believed to have succeeded Nasrallah after his assassination in a Beirut air strike on September 27, though the Israeli leader did not name him.
“We took out thousands of terrorists, including Nasrallah himself and Nasrallah's replacement, and the replacement of the replacement,” Mr Netanyahu said. He did not specify what he meant by “replacement of replacement”.
While Israeli Defence Minister Yoav Gallant has said Mr Safieddine has probably been “eliminated”, Hezbollah has not confirmed his death.
Haifa targeted
Hezbollah fired about 100 rockets at Haifa on Tuesday, its biggest attack on the Northern Israeli city since the war began, and threatened to carry out more attacks on the city if Israeli air strikes continue.
It came shortly after a speech from Hezbollah deputy leader Naim Qassem, who for the first time said the group would support a ceasefire in Lebanon without tying it to a similar agreement in Gaza.
Tehran remains on alert for an expected Israeli attack after a large missile barrage was fired at Tel Aviv last week in retaliation for the assassination of Nasrallah and Islamic Revolutionary Guard Corps commander Abbas Nilforoushan.
Quds Force chief Esmail Qaani was also rumoured to have been killed in an Israeli air strike on the capital, with Iranian officials telling Reuters he has not been reachable for several days. His deputy Iraj Masjedi has denied the reports, saying Mr Qaani is in “good condition”.
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
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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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