Live updates: Follow the latest on Israel-Gaza
Israel bombed central Beirut for the third time in just over 24 hours on Monday night, killing at least five people and injuring 24 others, after 10 were killed on Sunday in other areas of the Lebanese capital that had previously been safe.
Monday's attack hit the Zuqaq Al Blat district, near the Lebanese parliament and prime ministerial office. The Israeli military gave no warning of the attack and the target was not immediately clear. Ambulances could be heard heading to the scene.
"I heard the sound of the rocket, it felt like it was passing right over my building," Lina, 51, a resident of a nearby neighbourhood, told The National. "Then came the explosion. There's a school nearby housing displaced families and they started screaming out of fear."
One of the Israeli strikes on Sunday killed Hezbollah media chief Mohammed Afif and four aides, as well as two other people, in Ras Al Naaba. It was followed by another strike on Sunday night on a busy shopping street in the Mar Elias district of south-west Beirut that killed three.
The strikes mark an escalation in Israeli attacks on the heart of the capital, with the bulk of its previous assaults directed at the southern suburbs.
Lebanese media had reported that US envoy Amos Hochstein would arrive in the Lebanese capital on Tuesday for talks on a ceasefire. However, the same outlets said later on Monday evening that the visit had been delayed, as Mr Hochstein sought further clarification on Lebanon's position. A Lebanese source told The National there were no official dates for the US envoy's visit.
The US last week submitted a truce proposal aimed at halting more than a year of fighting between Israel and Hezbollah. Israel has escalated its ground invasion in southern Lebanon and is maintaining its constant bombardment of south Beirut. However, the latest attacks focused on densely populated areas of central Beirut that were previously unscathed. The strike on Mar Elias was only metres from two popular confectioners that are often crowded with customers, on a bustling street lined with clothes shops and small restaurants.
“The sound of the explosion was so loud, I felt I was going deaf for a moment,” Hana, a resident of Mar Elias, told The National. “I walked through the area that was hit minutes before it happened. I went to check on my aunt who lives nearby and now I am afraid to go back home.”
A major sticking point in ceasefire negotiations has been an Israeli demand that they should be free to resume attacks if Hezbollah breaches the agreement. Lebanon has rejected that demand, saying it violates the country's sovereignty.
A previous war between Israel and Hezbollah in 2006 was ended with UN resolution 1701. It stipulated that only the Lebanese army and UN peacekeepers could operate between the Israeli border and southern Lebanon’s Litani river. But the resolution was never fully implemented, with Hezbollah embedded in border areas.
Israel, meanwhile, has broken the UN resolution by repeatedly flying warplanes over its territory and occupying portions of land claimed by Lebanon.
Benny Gantz, a former member of Israel's war cabinet who is now a leading opposition figure, on Monday reiterated Israel's demand for the right to resume attacks.
“A condition for any agreement with Lebanon – full Israeli freedom of action against any violation,” he wrote in a post on X.
Sunday's strike on Mar Elias hit a building housing a company called Madi Technology, Lebanon’s official National News Agency said. The attack caused a large fire in the building. Israel did not issue a warning beforehand and did not immediately announce the target.
Both Hezbollah and Israel confirmed the death of media chief Mr Afif. Israel has rarely launched strikes on senior Hezbollah officials without a clear military role. Its attacks have flattened huge parts of Lebanon, but in particular the south, the Bekaa Valley and southern Beirut.
Iran, which backs Hezbollah, condemned the killing of Mr Afif as an “aggressive and terrorist act”, saying it was another attempt “to silence those exposing crimes in Palestine and Lebanon”.
Lebanese Education Minister Abbas Halabi said schools and higher education institutions in the Beirut area would be closed for two days after the attacks.
Elsewhere on Sunday, 11 people were killed and 48 injured in an Israeli strike on the southern Tyre region, the Lebanese Health Ministry said. The Israeli military said it had struck “more than 200 targets” since Saturday morning.
JOKE'S%20ON%20YOU
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Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EDirect%20Debit%20System%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20Sept%202017%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20with%20a%20subsidiary%20in%20the%20UK%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Undisclosed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Elaine%20Jones%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3C%2Fp%3E%0A
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
ESSENTIALS
The flights
Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes.
The trip
From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.
The%20specs
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Spare
Profile
Company name: Spare
Started: March 2018
Co-founders: Dalal Alrayes and Saurabh Shah
Based: UAE
Sector: FinTech
Investment: Own savings. Going for first round of fund-raising in March 2019
Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi
Yadoo’s House Restaurant & Cafe
For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.
Golden Dallah
For the cappuccino, luqaimat and aseeda.
Al Mrzab Restaurant
For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.
Al Derwaza
For the fish hubul, regag bread, biryani and special seafood soup.
57%20Seconds
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BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
UAE rugby in numbers
5 - Year sponsorship deal between Hesco and Jebel Ali Dragons
700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams
Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams
Dh1.8m - Dubai Hurricanes' overall budget for next season
Dh2.8m - Dubai Exiles’ overall budget for next season
Heavily-sugared soft drinks slip through the tax net
Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.
Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.
A 680ml can of Arizona Iced Tea costs just Dh6.
Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.
Mohammed bin Zayed Majlis
Green ambitions
- Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
- Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
- Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
- Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water
Killing of Qassem Suleimani
Arctic Monkeys
Tranquillity Base Hotel Casino (Domino)
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.”
'Will%20of%20the%20People'
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ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
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MATCH INFO
Uefa Champions League semi-final:
First leg: Liverpool 5 Roma 2
Second leg: Wednesday, May 2, Stadio Olimpico, Rome
TV: BeIN Sports, 10.45pm (UAE)
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
A list of the animal rescue organisations in the UAE