The Israeli military's Chief of Staff, Lt Gen Eyal Zamir, has approved plans for the next phase of the Gaza war on Sunday, and will present it to the Ministry of Defence on Tuesday, Kan News said, clearing the way for its troops to begin a ground assault on the enclave.
Israel will “continue to reshape the security reality” in the region after its operations in Gaza, Iran, Yemen, Lebanon and the occupied West Bank, Kan reported him as saying earlier.
“We will maintain the momentum of Operation Gideon’s Chariots while focusing on Gaza city,” Lt Gen Zamir said, referring to the planned ground assault.
The statement came after Israeli troops bombed Al Ahli Hospital in Gaza city as the military advanced plans to forcibly displace Palestinians to the south of the enclave, despite massive protests in Israel against the latest war plans. At least seven Palestinians were killed on Sunday in Israeli strikes on the courtyard of Al Ahli Hospital.
The Israeli army announced late on Saturday that it was preparing to move Palestinians before the offensive to capture Gaza city, where more than a million people are sheltering. The Israeli military body in charge of humanitarian aid to Gaza, Cogat, said the supply of tents to the territory would resume on Sunday.
His comments came after the security cabinet voted earlier this month to approve a military offensive in the northern Gaza Strip.
Hamas condemned the planned operation, saying it was part of a “brutal assault to occupy Gaza city”. The Israeli plan to expand the war has drawn widespread criticism, with the UN calling it a “dangerous escalation” that risks worsening “already catastrophic consequences” for Palestinians in Gaza, as well as Israeli captives held by Hamas.
Families of hostages and bereaved Israelis launched a nationwide strike on Sunday to protest against the government's decision to expand the war rather than agree on a ceasefire deal.
The protests were planned throughout the day at 400 sites, with endorsements from thousands of businesses. About a million people were expected to gather in Hostages Square in Tel Aviv.
Major roads were closed in central Israel, while some relatives of hostages said they would set up a tent encampment near the border with Gaza.
The Israeli government last week approved plans for the military, which controls about 75 per cent of Gaza, to launch an assault on Gaza city
In recent days, Gaza city residents have described more frequent air strikes, including in Al Zeitoun neighbourhood. The enclave's civil defence spokesman Mahmoud Bassal said conditions there were rapidly deteriorating, with residents having little to no access to food and water.
The war began with an attack by Palestinian militants from Gaza, led by the Islamist group Hamas, on October 7, 2023. About 1,200 people were killed in the raids on southern Israel and about 240 taken hostage.
Israel has pledged to destroy Hamas and is demanding the group disarm and hand over about 50 hostages still in captivity, of whom 20 are believed to be still alive, in exchange for a ceasefire.
Israel insists that Hamas has no role in the postwar governance of Gaza, while also refusing to allow it to be administered by the internationally recognised Palestinian Authority, based in the occupied West Bank. Far-right members of Prime Minister Benjamin Netanyahu's government are calling for the territory to be taken over by Israel, 20 years after Israel pulled out of Gaza.
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Racecard
2pm Handicap Dh 90,000 1,800m
2.30pm Handicap Dh120,000 1,950m
3pm Handicap Dh105,000 1,600m
3.30pm Jebel Ali Classic Conditions Dh300,000 1,400m
4pm Maiden Dh75,000 1,600m
4.30pm Conditions Dh250,000 1,400m
5pm Maiden Dh75,000 1,600m
5.30pm Handicap Dh85,000 1,000m
The National selections:
2pm Arch Gold
2.30pm Conclusion
3pm Al Battar
3.30pm Golden Jaguar
4pm Al Motayar
4.30pm Tapi Sioux
5pm Leadership
5.30pm Dahawi
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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.”
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
More coverage from the Future Forum
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
Specs
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Torque: 1075Nm
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