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On the morning of Eid Al Adha, while many Muslims were gathering for festive meals, Al Motaz Kafarna was running for his life on a quest to feed his family.
Mr Kafarna, 38, had walked for eight hours through the night in search of a box of food, hoping, like many Palestinians, to beat the crowds at food banks run by the US-backed Gaza Humanitarian Foundation. Its operations have been marred by violence, and this night was no exception.
Mr Kafarna recalled to The National reaching a barricade near the aid centre in Rafah at 2.30am after failing to find a ride south. An Israeli loudspeaker warned the crowd there would be no aid and urged them to leave. But some among them whispered: “Don’t go. This is a trick to scatter us.”
Hours passed as hungry Gazans waited and about 5,000 people tried to get closer to the food bank. After loudspeaker warnings, Israeli forces opened fire, Mr Kafarna said.
“Bullets rained down on us,” he said. “People screamed, bled, died. I saw them fall, young men, fathers like me, who just wanted to bring food home. No one could raise their head to help. We were paralysed.”
Eventually a hush fell and Gazans went back on their way with heads lowered, carrying fear, sadness and pain, the father of five recalled. “Some who had stood beside us in line were now either wounded or gone forever, on Eid morning. This black Eid forced us, out of hunger, to seek food from the hands of our enemy, food wrapped in humiliation and disgrace.”
Israel denies wrongdoing over shootings and deaths near the aid sites, saying it has fired warning shots to control crowds. After an 11-week blockade of the territory, it says the controversial GHF is a way of cutting Hamas out of the loop in aid distribution.
Displaced and desperate
Displaced eight times since his home in Beit Hanoun was destroyed, Mr Kafarna now lives with his wife and five children in a shelter in Gaza city. Like hundreds of thousands of others in Gaza, he has lost his house and the very idea of safety.
After the burst of gunfire, he tried to sleep on the bare ground near Rafah's beach, hoping eventually to be allowed into the aid centre. At about 6.45am the gunfire resumed, he said, prompting people to lie flat on their stomachs or curl up in the foetal position.
“Your whole life flashes before your eyes. You think of those who love you,” he said. “You say, 'Woe to me, death isn’t my only worry today. It’s how I can die without returning to my children with food to ease their hunger.' They wait for me in the shelter, starving, hoping I’ll come back alive, with something to eat.”
When the gunfire stopped “they told us it was our chance”, he said. “So we ran.” The escape route took him over 2km of open ground scattered with the dead and injured. “You run like an animal,” he said. “Your hands up, your bag raised, trying to say: 'I'm not a fighter, I just want food'.”
Then came another checkpoint, where soldiers issued orders with guns aimed at people's chests. “They retreated slowly,” Mr Kafarna said. “As if releasing bulls in a rodeo. But we are not bulls. We are human beings, starving, humiliated, desperate.”
He finally reached a hill where supplies had been dumped and managed to grab a box before fleeing in panic. The contents were meagre: 2kg of lentils, a little flour, a bottle of oil and a few cans of beans.
Still, as he opened the bag, tears ran down his face. “Was this what I risked my life for? Was this why I stepped over the injured, ran past the dead? Was this why people around me died?”
He returned to his family trembling and exhausted. “As soon as I walked in, my children ran to me. Their eyes lit up. They said, ‘Finally, we will eat, Dad.’”
That sentence, simple, innocent, full of hunger and hope, broke him more than the gunfire ever could.
This Eid in Gaza, there were no new clothes, no meat, no sweets. Only gunfire, dust and children hoping their father would return with enough food to make it through to the next day.
'Nope'
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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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The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
Ovo's tips to find extra heat
- Open your curtains when it’s sunny
- Keep your oven open after cooking
- Have a cuddle with pets and loved ones to help stay cosy
- Eat ginger but avoid chilli as it makes you sweat
- Put on extra layers
- Do a few star jumps
- Avoid alcohol
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