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Israel freed 183 more Palestinian detainees after Hamas handed over three more Israeli hostages on Saturday in the fifth hostage-prisoner swap to take place under the terms of the Gaza ceasefire deal.
The Israeli hostages were released in Deir Al Balah in central Gaza, where they were handed over to Red Cross officials amid a strong presence of fighters from Hamas's armed wing, Al Qassam Brigades.
The hostages, Ohad Ben Ami, 56, Eli Sharabi, 52, and Or Levy, 34, were delivered by Al Qassam Brigades' Shadow Unit, taken onto a stage and asked to speak before being led to three vehicles for transfer to Israel.
"I tell the families of the hostages to continue until the deal is implemented. I want them to go home and the only way for this return is by the completion of the deal," said one of the hostages.
"And for the continuation of the second and third phase of the deal, I tell Israel to go [forward with] the deal - and for both nations to live in peace. We are being released now - and I request that the second and third phase of the deal is continued," he added.
"I thank Al Qassam [Brigades] for giving us food and water and keeping us safe."
Unlike the hostages released earlier, all three men appeared frail and emaciated.
Mr Sharabi was kidnapped from Kibbutz Be’eri in southern Israel during the October 7, 2023 Hamas-led attacks that sparked the war. His wife and children were killed in their home and he was taken captive along with his brother, Yossi, who has since been confirmed dead by Hamas.
Mr Ben Ami was taken from the same kibbutz along with his wife, who was released during a week-long ceasefire in November 2023.
Mr Levy was taken from a music festival near Kibbutz Re’im. His wife was killed during the attack.
Israeli President Isaac Herzog said the condition of the three hostages was “a crime against humanity” and showed the urgency of completing the ceasefire deal to ensure the return of all those being held in Gaza.
“This is what a crime against humanity looks like!” Mr Herzog wrote in a post on X.
“We take solace in the fact that they are being returned alive to the arms of their loved ones,” he said, and added that completing the hostage deal “is a humanitarian, moral and Jewish duty”.
Israeli Prime Minister Benjamin Netanyahu's office issued a statement warning of a response to the "harsh conditions" of the hostages.
Gaza suffered severe food shortages during the 15 months of war as Israel placed restrictions on the flow of aid into the small Palestinian enclave. Several children starved to death, the UN said last month.
Hours after the hostages were released, buses carrying the 183 Palestinian detainees left Israel's Ofer prison. Eight were to be sent into exile, a condition Israel applied to some of the most high-profile prisoners, while 111 were returned to Gaza and released at the European Hospital in Khan Younis. The rest were freed in the West Bank city of Ramallah.
Israel earlier raided homes in the occupied West Bank of the prisoners being released and warned their families against public celebrations, according to the Palestinian Detainees Media Office, which posted a video of one of the raids online.
The health of at least seven Palestinian detainees released in Ramallah was so poor that authorities transferred them to hospital for immediate attention, the Palestine Red Crescent said.
Hamas accused Israel of adopting a policy of "slow killing" of Palestinians inside its jails.
"The fact that seven prisoners were transferred to hospitals immediately after their release... reflects the systematic assaults and mistreatment of our prisoners by the Israeli prison authorities," Hamas said.
Hamas and the allied Palestinian Islamic Jihad group have now released 16 of the 33 Israel hostages to be freed during the six-week initial stage of the ceasefire, which began on January 19. Another 73 are believed to remain in captivity, but the Israeli military says 34 of them have died.
Talks on the second stage of the ceasefire and a permanent end to the fighting were supposed to start this week but have been overshadowed by US President Donald Trump's suggestion that America take over and redevelop Gaza after resettling its population to Arab countries in the region.
Arab states have strongly rejected Mr Trump's plan, which he announced on Tuesday during a joint press conference in Washington with the Israeli Prime Minister, who was scheduled to return to Israel on Saturday night.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
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TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
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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The specs: 2017 Dodge Viper SRT
Price, base / as tested Dh460,000
Engine 8.4L V10
Transmission Six-speed manual
Power 645hp @ 6,200rpm
Torque 813Nm @ 5,000rpm
Fuel economy, combined 16.8L / 100km
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