A military vehicle damaged in an Israeli air strike on a Lebanese Army post in Amiriya, southern Lebanon, on November 24. AFP
A military vehicle damaged in an Israeli air strike on a Lebanese Army post in Amiriya, southern Lebanon, on November 24. AFP
A military vehicle damaged in an Israeli air strike on a Lebanese Army post in Amiriya, southern Lebanon, on November 24. AFP
A military vehicle damaged in an Israeli air strike on a Lebanese Army post in Amiriya, southern Lebanon, on November 24. AFP

Israel intensifies Lebanon ground attacks despite diplomatic push to end war


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A Lebanese soldier was killed and 18 injured in an Israeli strike on an army centre between Tyre and Naqoura in southern Lebanon on Sunday, as Israel intensified ground attacks to secure several points along the border.

This comes as Israeli forces were attempting to encircle the southern town of Naqoura and position itself in Bayda, a strategic location in the western sector of the border, according to Lebanon's National News Agency. Bayda, which overlooks the coastline between Naqoura and Tyre, is about 8km from the border.

Ground clashes along the southern border have intensified in recent days, despite a US-brokered peace push reaching a critical stage in a reportedly positive atmosphere. Israel has repeated that any ceasefire negotiation with Lebanon will be held “under fire”, which analysts have described as a way to leverage negotiations while inflicting maximum damage to Hezbollah.

On September 23, Israel escalated a month-long border conflict into an intense air campaign against Lebanon, followed by a ground invasion a week later. It claims that its military objective is to “degrade Hezbollah,” and allow tens of thousands of displaced people from the northern frontier to return safely to their homes. More than 3,000 people have been killed in Israeli strikes in two months of full-scale war.

Rescuers douse flames at the site of an Israeli air strike on a Lebanese Army post in Amiriya, southern Lebanon, on November 24. AFP
Rescuers douse flames at the site of an Israeli air strike on a Lebanese Army post in Amiriya, southern Lebanon, on November 24. AFP

The Israeli army launched a significant ground incursion into southern Lebanon on Friday, reaching Deir Mimas, a southern Lebanese town about 2.5km from the border with Israel, which overlooks the Litani River.

“The Israeli army has taken control of Deir Mimas; they are patrolling the streets now,” said Merhej Shamma, the deputy mayor of Deir Mimas, a Christian town 3km from the border with Israel, told The National. He said a few residents had remained in the village because they had nowhere else to go or refused to leave their homes. “No one goes out. They stay home,” he added.

While the village itself has not been significantly damaged, Mr Shamma said that “nowhere is safe”.

“I have one wish: a ceasefire, so we can all return to our village,” he added

Heavy fighting was also reported in the town of Khiam, about 6km from the border. The NNA said Israeli forces had used “all forms of weapons” in a week-long campaign to capture the town. Khiam is considered a strategic gateway for a rapid ground incursion, the agency added.

Hezbollah had “thwarted Israeli attempts” to capture Khiam, NNA reported, saying its fighters launched “swarms of drones and rocket salvos” on Saturday, targeting Israeli troops. Over the past two days, Hezbollah claimed it had attacked Israeli positions in and around the town about 20 times.

Israel has also escalated its air attacks across Lebanon, specifically on central Beirut, with four strikes in a week. On Sunday, Israeli air strikes hit the Kafaat neighbourhood in Beirut's southern suburbs, about an hour after eviction warnings were issued, NNA reported.

The latest attack targeted the Basta neighbourhood in the early hours of Saturday, killing at least 29 and injuring 77.

Hezbollah chief Naim Qassem on Wednesday warned Israel against launching further air strikes on Beirut, stressing that further attacks would result in retaliation against Tel Aviv.

Israels inspect a damaged house hit by rockets from Lebanon, in Rinatya village in central Israel on November 24. AFP
Israels inspect a damaged house hit by rockets from Lebanon, in Rinatya village in central Israel on November 24. AFP

Hezbollah claimed 38 attacks on Sunday, including a strike on “a military target in Tel Aviv,” as part of an operation “in retaliation for the strike on Beirut and “the massacres committed against civilians”. It also claimed, for the first time an attack on the Ashdod naval base, about 150km from the Lebanon-Israel border.

Israeli media reported that about 150 projectiles were fired from Lebanon. Hezbollah rockets in Haifa caused light shrapnel injuries to at least two people, according to Magen David Adom, Israel's ambulance service. Two more people were also injured in a rocket attack on central Israel.

Diplomatic push

The escalation in violence and cross-border attacks comes in the backdrop of renewed western-led diplomatic efforts to end the war. US envoy Amos Hochstein was in Lebanon and Israel this week for crucial meetings aimed at finalising a ceasefire agreement with Hezbollah.

The talks to end the war between Hezbollah and Israel were described as “positive”, despite crucial sticking points. Israeli Prime Minister Benjamin Netanyahu said earlier that any ceasefire negotiations with Lebanon will be conducted “under fire”.

The EU's foreign policy chief, Josep Borrell, called for an “immediate ceasefire” during his visit to Beirut on Sunday.

The Lebanese army, which has largely remained on the sidelines of hostilities between Hezbollah and Israel, said the centre in Al Amiriya sustained severe damage. Lebanon’s caretaker Prime Minister Najib Mikati on Sunday labelled Israel’s attack on an army centre in the town of Al Amiriya in southern Lebanon as a rejection of any ceasefire.

The attack represented “a direct and bloody message rejecting all efforts to reach a ceasefire, to bolster the Lebanese army's presence in the south and to implement UN resolution 1701", Mr Mikati said on X.

The Israeli army later said it “expresses regret over the incident and emphasises that its operations are directed solely against the Hezbollah terrorist organisation, not the Lebanese Armed Forces.”

“The incident is under review,” it added in the statement.

Sarit Zehavi, founder and president of Alma, an Israeli think tank focused on northern security, said Israel's objective is “to degrade Hezbollah's capabilities as much as possible” in the absence of a ceasefire or a disarmament agreement for Hezbollah in southern Lebanon.

She stressed that Israel was not running out of targets in Lebanon. “You can see that by [the Israeli m ilitary] operations anywhere in Lebanon, like Beirut or the attack on the border crossing in Beqaa. IDF forces are still finding Hezbollah munitions that it is launching at us,” she said.

“I think the lesson we learnt from October 7 was that we cannot tolerate a situation where on one side of the border there is an armed militia fully prepared to attack us,” Ms Zehavi added.

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Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

AIDA%20RETURNS
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VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

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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.”

Opening day UAE Premiership fixtures, Friday, September 22:

  • Dubai Sports City Eagles v Dubai Exiles
  • Dubai Hurricanes v Abu Dhabi Saracens
  • Jebel Ali Dragons v Abu Dhabi Harlequins
AndhaDhun

Director: Sriram Raghavan

Producer: Matchbox Pictures, Viacom18

Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan

Rating: 3.5/5

The five pillars of Islam
Updated: November 24, 2024, 8:17 PM