A Palestinian boy stands amid the wreckage of an Israeli air strike on an encampment in Al Mawasi, southern Gaza, on Thursday. Reuters
A Palestinian boy stands amid the wreckage of an Israeli air strike on an encampment in Al Mawasi, southern Gaza, on Thursday. Reuters
A Palestinian boy stands amid the wreckage of an Israeli air strike on an encampment in Al Mawasi, southern Gaza, on Thursday. Reuters
A Palestinian boy stands amid the wreckage of an Israeli air strike on an encampment in Al Mawasi, southern Gaza, on Thursday. Reuters

Israeli strikes kill dozens in Gaza, including 11 in southern 'humanitarian area'


Amr Mostafa
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Live updates: Follow the latest on Israel-Gaza

At least 52 Palestinians were killed in Israeli attacks on the Gaza Strip on Thursday, including 11 in an air strike on a tent encampment in southern Gaza, medical sources said.

Eleven people died in the strike on a camp sheltering displaced families in Al Mawasi, designated as a humanitarian area by Israel, in western Khan Younis, Palestinian news agency Wafa reported. Fifteen people were wounded in the attack. The dead included the director general of Gaza's police department, Mahmoud Salah, and his aide Hussam Shahwan, Hamas-run Al Aqsa TV reported.

The Israeli military confirmed it carried out the attack, saying Mr Shahwan was the “head of Hamas Internal Security Forces in the southern Gaza Strip”, responsible for developing intelligence assessments in attacks on Israel's troops in Gaza.

The Hamas-run security administration included tens of thousands of police who maintained public order before the outbreak of the war. The police have largely vanished from streets in many areas after being targeted by Israel, contributing to a breakdown of law and order that has hindered the delivery of desperately needed humanitarian aid.

Philippe Lazzarini, head of the UN agency for Palestinian refugees, UNRWA, said the strike on Al Mawasi showed there was no safe place in Gaza. “Another remainder that there is no humanitarian zone let alone a 'safe zone',” Mr Lazzarini posted on X.

Eight people were also killed and others injured in strikes at two road junctions, Al Ayoun and Al Lababidi, in western Gaza city. Four more were killed in an attack on a group of people near Askalan mosque at Al Shati camp in the west of Gaza. A strike also hit a building in central Khan Younis, killing six people and injuring others.

In a separate strike on Al Shati camp, four more Palestinians were killed and others injured, while a Palestinian was also killed in a strike on eastern Gaza city. Another Israeli attack, on a group of people in a town in eastern Khan Younis, killed two, according to Wafa.

Strikes on Deir Al Balah killed at least four people, with more deaths reported in attacks on Al Maghazi camp, also in central Gaza. In the north of the enclave, another 12 people were killed in attacks, including 10 in Jabalia Al Balad.

More than 45,500 Palestinians have died in Gaza since war broke out in October 2023, according to health officials in the enclave. Most of Gaza's 2.3 million people have been displaced and much of the tiny coastal strip is in ruins. The war was sparked by the Hamas-led attack on Israel on October 7, 2023 in which 1,200 people were killed and another 251 taken hostage to Gaza, according to Israeli tallies.

Israeli Defence Minister Israel Katz threatened on Wednesday to intensify attacks on Gaza if Hamas continued to fire rockets into Israel.

“I want to send a clear message from here to the heads of the terrorists in Gaza: if Hamas does not soon allow the release of the Israeli hostages from Gaza … and continues firing at Israeli communities, it will face blows of an intensity not seen in Gaza for a long time,” Mr Katz said after visiting the Israeli town of Netivot, which was recently targeted by rocket fire.

The renewed fire from Gaza in recent days has caused little damage in Israel and the rockets have been launched in far fewer numbers than in the early stages of the war, but they are a political blow for the Israeli government after nearly 15 months of fighting.

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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A Prayer Before Dawn

Director: Jean-Stephane Sauvaire

Starring: Joe Cole, Somluck Kamsing, Panya Yimmumphai

Three stars

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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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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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

Info

What: 11th edition of the Mubadala World Tennis Championship

When: December 27-29, 2018

Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams

Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823

TEACHERS' PAY - WHAT YOU NEED TO KNOW

Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:

- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools

- average salary across curriculums and skill levels is about Dh10,000, recruiters say

- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance

- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs

- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills

- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month

- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

EXPATS
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COMPANY%20PROFILE%20
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MATCH INFO

Champions League quarter-final, first leg

Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

Inside%20Out%202
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Updated: January 02, 2025, 3:39 PM