Live updates: Follow the latest on Israel-Gaza
Israeli Defence Minister Israel Katz on Thursday said overnight attacks on Syria that killed at least 13 people were a warning to Damascus that it would pay a heavy price if it allowed “hostile forces” to enter the country.
The casualties were reported in separate attacks across Syria. Shelling and an incursion killed nine people as troops conducted a raid in the south, the local government and a war monitor said, with the Israeli army saying its forces were responding to fire from militants.
Several Israeli military vehicles entered an area in south Syria's Deraa province and “three artillery shells” struck the area, local authorities said on Telegram on Wednesday night.
The UK-based Syrian Observatory for Human Rights said four people died and several were injured, including Syrian Defence Ministry staff, in strikes on Hama military airport.
“If you allow forces hostile to Israel to enter Syria and endanger Israeli security interests – you will pay a very heavy price,” Mr Katz said. “The Air Force's activity is a warning to the future – we will not allow harm to the security of the state of Israel.”
Israeli Foreign Minister Gideon Saar said on Thursday Israel was concerned at the “negative role” Turkey is playing in Syria, Lebanon and other countries. “They are doing their utmost to have Syria as a Turkish protectorate. It's clear that is their intention,” he told a news conference in Paris.
Syria's Foreign Ministry condemned the attacks as “a blatant violation of international law and Syrian sovereignty”, saying on Telegram that “Israeli forces launched air strikes on five locations across the country”.
“This unjustified escalation is a deliberate attempt to destabilise Syria and exacerbate the suffering of its people,” it said.
It said the strikes resulted in the “near-total destruction” of a military airport in the central Syrian province of Hama, wounding dozens of civilians and soldiers. Syrian state media said a strike hit “the vicinity of the scientific research building” in Damascus's northern Barzeh neighbourhood.
The Israeli military said forces “struck military capabilities that remained at the Syrian bases of Hama and T4, along with additional remaining military infrastructure sites in the area of Damascus”.
The latest strikes on Syria come amid an expansion of Israeli military operations in the Gaza Strip and days after it resumed strikes on Lebanon's capital Beirut.
“At a time when Syria is striving to rebuild after 14 years of war, these repeated attacks form part of a clear Israeli strategy to normalise violence once again within the country,” the Syrian Foreign Ministry added.
Syria's transitional authorities have been seeking to rebuild the country and repair international relations since the collapse of the former regime under Bashar Al Assad in December. Turkey has backed Syrian rebels throughout the Syrian civil war and has said it is ready to provide the new authorities with military training if requested.
Turkey is estimated to maintain a few thousand troops in towns including Afrin, Azaz and Jarablus in north-western Syria and Ras Al Ain and Tel Abyad in the north-east.
But Israel has carried out frequent strikes that it says are aimed at ensuring weapons do not fall in the hands of the new Hayat Tahrir Al Sham-led authorities, whom it considers to be extremist Islamists. Last month, Israel said it struck the T4 military base in central Homs province twice, aiming at military capabilities at the site.
Israel has also sent troops to the UN-patrolled buffer zone in the occupied Golan Heights, while Prime Minister Benjamin Netanyahu has demanded the demilitarisation of southern Syria.
Last month, during a visit to Jerusalem, EU foreign policy chief Kaja Kallas said that Israeli strikes on Syria were “unnecessary” and threatened to worsen the situation.
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
Honeymoonish
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Arabian Gulf League fixtures:
Friday:
- Emirates v Hatta, 5.15pm
- Al Wahda v Al Dhafra, 5.25pm
- Al Ain v Shabab Al Ahli Dubai, 8.15pm
Saturday:
- Dibba v Ajman, 5.15pm
- Sharjah v Al Wasl, 5.20pm
- Al Jazira v Al Nasr, 8.15pm
SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
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THREE
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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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Pathaan
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The specs
Engine: 3.9-litre twin-turbo V8
Transmission: seven-speed
Power: 720hp
Torque: 770Nm
Price: Dh1,100,000
On sale: now
MATCH INFO
Everton 0
Manchester City 2 (Laporte 45 2', Jesus 90 7')
Sholto Byrnes on Myanmar politics
'Top Gun: Maverick'
Rating: 4/5
Directed by: Joseph Kosinski
Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Unresolved crisis
Russia and Ukraine have been locked in a bitter conflict since 2014, when Ukraine’s Kremlin-friendly president was ousted, Moscow annexed Crimea and then backed a separatist insurgency in the east.
Fighting between the Russia-backed rebels and Ukrainian forces has killed more than 14,000 people. In 2015, France and Germany helped broker a peace deal, known as the Minsk agreements, that ended large-scale hostilities but failed to bring a political settlement of the conflict.
The Kremlin has repeatedly accused Kiev of sabotaging the deal, and Ukrainian officials in recent weeks said that implementing it in full would hurt Ukraine.
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
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support