Rescuers evacuate people injured after an Israeli drone reportedly opened fire on Palestinians near an aid distribution site in central Gaza, on Sunday. AFP
Rescuers evacuate people injured after an Israeli drone reportedly opened fire on Palestinians near an aid distribution site in central Gaza, on Sunday. AFP
Rescuers evacuate people injured after an Israeli drone reportedly opened fire on Palestinians near an aid distribution site in central Gaza, on Sunday. AFP
Rescuers evacuate people injured after an Israeli drone reportedly opened fire on Palestinians near an aid distribution site in central Gaza, on Sunday. AFP

UN calls for investigation into Palestinian deaths near Gaza aid site as Israel pushes back


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UN Secretary General Antonio Guterres on Monday called for an independent investigation into the killing and wounding of Palestinians near an aid distribution point run by the US and Israel-backed Gaza Humanitarian Foundation (GHF).

Gaza's civil defence agency said at least 31 Palestinians died and more than 170 were injured after Israeli troops opened fire at the distribution site in the southern city of Rafah, with medics and witnesses corroborating the reports.

Israel's army first said it was unaware of casualties, then said its troops did not fire at civilians "near or within" the food bank in the south of Gaza, adding that "reports to this effect are false".

Mr Guterres did not assign blame for the deaths.

"I am appalled by the reports of Palestinians killed and injured while seeking aid in Gaza yesterday. It is unacceptable that Palestinians are risking their lives for food," the UN chief said.

"I call for an immediate and independent investigation into these events and for perpetrators to be held accountable."

Israel's Foreign Ministry called the statement by the UN chief a "disgrace" and criticised him for not mentioning Hamas.

Another three Palestinians were killed early on Monday near an aid centre west of Rafah in the south, medical sources told The National.

The UN has criticised the aid distribution plan, which leaves the usual co-ordinators such as Palestinian refugee agency UNRWA out of the loop. Little is known about the US-backed Gaza Humanitarian Foundation, and aid groups say it endangers rather than helps civilians by delivering food through narrow, militarised corridors.

"Israel has clear obligations under international humanitarian law to agree to and facilitate humanitarian aid," Mr Guterres added.

Gazans have accused Israel of engineering a humanitarian catastrophe with its new aid operations, saying supplies are being restricted to the south of the enclave in an effort to displace people from the north through starvation.

Israel has faced mounting international criticism over the humanitarian crisis in Gaza, where the UN has warned the entire population faces famine. It imposed an aid blockade on the besieged strip in March and has only relaxed it in recent days.

Aid is now trickling in after Israel partially lifted its blockade, but the UN has reported looting of its lorries and warehouses.

The wrangling over aid comes as US President Donald Trump's special envoy Steve Witkoff on Saturday said Hamas had submitted a “totally unacceptable” response to a US-backed ceasefire plan signed off by Israel.

The 60-day truce proposal was presented to Hamas on Thursday and now appears to be in the balance.

Hamas had given a conditional agreement to the plan, sources told The National, with the group's reservations focused on assurances it seeks on Israel's withdrawal from the Palestinian territory and the distribution of aid.

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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Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

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Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

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The bio

Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district

Was a middle distance state athletics champion in school

Enjoys driving to Fujairah and Ras Al Khaimah with family

His dream is to continue working as a social worker and help people

Has seven diaries in which he has jotted down notes about his work and money he earned

Keeps the diaries in his car to remember his journey in the Emirates

The years Ramadan fell in May

1987

1954

1921

1888

The biog

Favourite food: Tabbouleh, greek salad and sushi

Favourite TV show: That 70s Show

Favourite animal: Ferrets, they are smart, sensitive, playful and loving

Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can

Name of first pet: Eddy, a Persian cat that showed up at our home

Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: eight-speed automatic

Power: 582bhp

Torque: 730Nm

Price: Dh649,000

On sale: now  

Juventus v Napoli, Sunday, 10.45pm (UAE)

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Updated: June 03, 2025, 5:55 AM