Security officers and rescuers gather at a destroyed building hit in an Israeli airstrike in Damascus on Thursday. AP Photo
Security officers and rescuers gather at a destroyed building hit in an Israeli airstrike in Damascus on Thursday. AP Photo
Security officers and rescuers gather at a destroyed building hit in an Israeli airstrike in Damascus on Thursday. AP Photo
Security officers and rescuers gather at a destroyed building hit in an Israeli airstrike in Damascus on Thursday. AP Photo

Israel strike kills 15 in Damascus amid escalation in attacks on Syria and Lebanon


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Israeli air strikes killed 15 people in Damascus on Thursday, Syrian state media said, amid an escalation in attacks in Syria and Lebanon this week.

The air strikes on the western districts of Mazzeh and Qudsaya came as Ali Larijani, senior adviser Iran's supreme leader Ayatollah Ali Khamenei, was due to arrive in the Syrian capital, state media said. Women and children were among those killed in the attacks, which destroyed “a number of residential buildings”, according to residents.

The Israeli military said it targeted “several military buildings and headquarters” of Palestinian Islamic Jihad, one of the two most powerful militant groups in Gaza along with fellow Iran-backed group Hamas.

While Israeli strikes on Syria predate the war in Gaza, they have significantly increased since the start of the Gaza war in October last year and an all-out war in Lebanon this September against the Iran-backed Lebanese armed group Hezbollah.

The attack on Damascus followed Israeli strikes on the Lebanese capital Beirut for a third consecutive day, hitting locations in the southern suburbs early in the morning after a night of heavy bombardment. One of the strikes hit a building near the international airport as a plane was taking off.

In the Lebanese city of Baalbek, in the Bekaa Valley, at least nine people were killed and five injured when Israel bombed a two-storey building on Thursday afternoon. Vast swathes of the historic city have been reduced to rubble since Israel unleashed a bombing campaign on Baalbek more than two weeks ago.

Five people were killed in Israeli air strikes on the towns of Bazourieh and Jumayjimah in southern Lebanon, according to Lebanon’s National News Agency NNA.

  • The southern Lebanese village of Al Taybeh is shrouded by smoke during an air strike as Israeli forces seek out Hezbollah. AFP
    The southern Lebanese village of Al Taybeh is shrouded by smoke during an air strike as Israeli forces seek out Hezbollah. AFP
  • The sister, mother and the partner of Mohammad Farhat, a major with the Lebanese Army who was killed in an Israeli strike with two other soldiers on the outskirts of the village of Yater in southern Lebanon, attend an official memorial in Beirut. Reuters
    The sister, mother and the partner of Mohammad Farhat, a major with the Lebanese Army who was killed in an Israeli strike with two other soldiers on the outskirts of the village of Yater in southern Lebanon, attend an official memorial in Beirut. Reuters
  • Lebanese Army soldiers take part in an official ceremony to pay tribute after the death of Maj Mohammad Farhat. Reuters
    Lebanese Army soldiers take part in an official ceremony to pay tribute after the death of Maj Mohammad Farhat. Reuters
  • Lebanese Army soldiers carry the coffin of Maj Mohammad Farhat during an official ceremony to pay tribute in Beirut, Lebanon. Reuters
    Lebanese Army soldiers carry the coffin of Maj Mohammad Farhat during an official ceremony to pay tribute in Beirut, Lebanon. Reuters
  • Emotions ran high at a memorial for Lebanese Army Maj Mohammad Farhat, who was killed in an Israeli strike with two other soldiers on the outskirts of the village of Yater in southern Lebanon. Reuters
    Emotions ran high at a memorial for Lebanese Army Maj Mohammad Farhat, who was killed in an Israeli strike with two other soldiers on the outskirts of the village of Yater in southern Lebanon. Reuters
  • The relatives of Maj Mohammad Farhat are comforted by friends at a memorial in Beirut. Reuters
    The relatives of Maj Mohammad Farhat are comforted by friends at a memorial in Beirut. Reuters
  • The sister of Maj Mohammad Farhat at the official memorial to her brother in Beirut. Reuters
    The sister of Maj Mohammad Farhat at the official memorial to her brother in Beirut. Reuters
  • Mourners at the official ceremony to pay tribute to Maj Mohammad Farhat of the Lebanese Army, who was killed in an Israeli strike with two other soldiers on the outskirts of the village of Yater in southern Lebanon. Reuters
    Mourners at the official ceremony to pay tribute to Maj Mohammad Farhat of the Lebanese Army, who was killed in an Israeli strike with two other soldiers on the outskirts of the village of Yater in southern Lebanon. Reuters

Israeli bombardment also destroyed infrastructure overnight in the area of Qusayr on the Syria-Lebanon border, according to local media and UK-based war monitor the Syrian Observatory for Human Rights. Sana reported “significant damage” to the area.

The strikes hit bridges on the Orontes River and border roads near Qusayr, which was bombed by Israel last week. The SOHR said last week's strikes targeted bridges used as smuggling routes into Lebanon.

The escalation of Israel's attacks on Lebanon and Syria is clearly “linked to four main factors”, a source close to Hezbollah and Damascus told The National.

One is “an apparent Israeli effort to force Syria and Lebanon to involve Russia in a future settlement for the war in Lebanon, through Russia intensifying its role in controlling the Syrian borders and preventing the transfer of weapons from Iran to Hezbollah,” the source said.

They were also a response to Hezbollah’s secretary general Sheikh Naim Qassem's rejection of any ceasefire settlement that “imposes conditions compromising Lebanese sovereignty”, they said.

Another factor was “Israel's success in destroying a series of front-line villages along the border, but failure to exert sufficient pressure on Lebanon to force acceptance of the Israeli (and US) proposed settlement terms, which include Israel's freedom to respond to any future perceived threats to its security after a ceasefire”.

Hezbollah's escalation of strikes in recent days, including deep inside Israeli territory, striking crucial military and security sites in Tel Aviv and Haifa, will have also spurred the Israeli response, the source said.

A bridge damaged in an earlier Israeli strike on Qusayr in western Syria. AFP
A bridge damaged in an earlier Israeli strike on Qusayr in western Syria. AFP

Israel's intensified air campaign against Hezbollah in Syria comes after a series of operations that killed many of the group's top echelons, including its former leader Hassan Nasrallah, as well as operational commanders on the ground, forcing the group to rely more on Syria to maintain its command structure, security experts say.

Allied Iran-backed militias in Iraq, who are crucial for maintaining its weapons supply from the east, have also come under increased military pressure, after the recent US air raids on areas near the border with Iraq in eastern Syria.

While the Damascus suburb of Mazzeh has been hit previously, Thursday's attack was the first on Qudsaya, residents said.

“This is the first time I’ve seen them [Israel] attack this area, the windows shook, the house was rocking, the explosion is just a few blocks away from here,” said Hisham Al Khatib, 58, told The National. “We sometimes hear sonic booms over here from fighter jets, but we’ve never actually seen this happen here, we don’t really have any Iranians in this area. It’s scary.”

Qudsaya has at least one large complex belonging to the elite Syrian Republican Guard and is a part of the defensive line around the capital.

Syrian security forces and civilians inspect the scene of an air strike in the Mazzeh neighborhood of Damascus. EPA
Syrian security forces and civilians inspect the scene of an air strike in the Mazzeh neighborhood of Damascus. EPA

Mazzeh, situated near the road connecting Damascus to the Lebanese capital Beirut, is where Iran's Islamic Revolutionary Guard Corps and operatives of the Lebanese armed group Hezbollah have increasingly established themselves in recent years, according to residents.

The attack on Thursday targeted the “Yafa Centre for Palestinian Development” near the Saraya Square which has been the target of increasingly frequent air raids, and levelled several buildings, they said.

Ahmad Mousally, 21, said he saw a building hit by more than one missile.

“This area has become dangerous; Israel seems to love us here in Mazzeh. I saw strikes, red explosions and then the force made me get to my knees. I ran to the scene, there were women and children and the building was collapsed.”

A traditionally upmarket Syrian neighbourhood with cafes, shops, restaurants and embassies, the area has transformed into a ghost town with people avoiding it because of the attacks, he said.

“Usually Mazzeh is one of the busiest areas in the whole of Syria, ministries, embassies and commercial shops, malls; it’s a prime location in Damascus. It’s clear it's on the hit list – even rental prices and house prices have gone down. People are dying here every day because of Israel.”

Israel has also struck key roads used by civilians fleeing to Syria from the violence in Lebanon, particularly in the eastern Bekaa valley, where Syrian refugees have been killed, and key roads to Damascus.

According to Lebanon's Health Ministry, Israeli attacks have killed more than 3,300 people and wounded over 14,000 across Lebanon since last year.

Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

HWJN
%3Cp%3EDirector%3A%20Yasir%20Alyasiri%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Baraa%20Alem%2C%20Nour%20Alkhadra%2C%20Alanoud%20Saud%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A%3Cp%3E%3C%2Fp%3E%0A
GULF MEN'S LEAGUE

Pool A Dubai Hurricanes, Bahrain, Dubai Exiles, Dubai Tigers 2

Pool B Abu Dhabi Harlequins, Jebel Ali Dragons, Dubai Knights Eagles, Dubai Tigers

 

Opening fixtures

Thursday, December 5

6.40pm, Pitch 8, Abu Dhabi Harlequins v Dubai Knights Eagles

7pm, Pitch 2, Jebel Ali Dragons v Dubai Tigers

7pm, Pitch 4, Dubai Hurricanes v Dubai Exiles

7pm, Pitch 5, Bahrain v Dubai Eagles 2

 

Recent winners

2018 Dubai Hurricanes

2017 Dubai Exiles

2016 Abu Dhabi Harlequins

2015 Abu Dhabi Harlequins

2014 Abu Dhabi Harlequins

Tightening the screw on rogue recruiters

The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.

 Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.

A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.

The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.

The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.

Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.

Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment

But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Fight card

Preliminaries:

Nouredine Samir (UAE) v Sheroz Kholmirzav (UZB); Lucas Porst (SWE) v Ellis Barboza (GBR); Mouhmad Amine Alharar (MAR) v Mohammed Mardi (UAE); Ibrahim Bilal (UAE) v Spyro Besiri (GRE); Aslamjan Ortikov (UZB) v Joshua Ridgwell (GBR)

Main card:

Carlos Prates (BRA) v Dmitry Valent (BLR); Bobirjon Tagiev (UZB) v Valentin Thibaut (FRA); Arthur Meyer (FRA) v Hicham Moujtahid (BEL); Ines Es Salehy (BEL) v Myriame Djedidi (FRA); Craig Coakley (IRE) v Deniz Demirkapu (TUR); Artem Avanesov (ARM) v Badreddine Attif (MAR); Abdulvosid Buranov (RUS) v Akram Hamidi (FRA)

Title card:

Intercontinental Lightweight: Ilyass Habibali (UAE) v Angel Marquez (ESP)

Intercontinental Middleweight: Amine El Moatassime (UAE) v Francesco Iadanza (ITA)

Asian Featherweight: Zakaria El Jamari (UAE) v Phillip Delarmino (PHI)

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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.”

Updated: November 14, 2024, 5:58 PM