President Sheikh Mohamed ordered the aid initiative on Monday. Hamad Al Kaabi / Ministry of Presidential Affairs
President Sheikh Mohamed ordered the aid initiative on Monday. Hamad Al Kaabi / Ministry of Presidential Affairs
President Sheikh Mohamed ordered the aid initiative on Monday. Hamad Al Kaabi / Ministry of Presidential Affairs
President Sheikh Mohamed ordered the aid initiative on Monday. Hamad Al Kaabi / Ministry of Presidential Affairs

President Sheikh Mohamed directs $100 million in urgent relief to Lebanon


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President Sheikh Mohamed has directed the delivery of a $100 million relief package to the people of Lebanon. The move is part of the UAE's efforts to offer support and emphasises the country's commitment to assisting the Lebanese, state news agency Wam reported.

Israel has launched strikes on Beirut as hostilities with Hezbollah escalate. An Israeli attack hit an apartment block near the Cola Bridge in Lebanon's capital early on Monday, marking the first strike on the city centre since the conflict between Israel and Hezbollah began in October last year.

The strike followed Friday's assassination of Hezbollah leader Hassan Nasrallah, in addition to assaults on Houthi sites in Yemen on Sunday.

More than 1,000 Lebanese have been killed and 6,000 injured in the past two weeks since Israel intensified its attacks, Lebanon's Health Ministry has said. Caretaker Prime Minister Najib Mikati on Sunday said up to a million people have been displaced.

"We are now ready to work in co-ordination with the specialists in providing what is necessary," Rashid Al Mansouri, secretary general of the Emirates Red Crescent Authority, told The National. "We are always ready to provide because we have storage in case of an emergency. The food supplies are ready, we have it in our warehouses. We are just waiting for the instructions at the time of the launch.

"Under the leadership's guidance, we have developed the capacity to provide food supplies and essential necessities at short notice, ensuring that we are always prepared to meet the needs of those in distress."

The financial package is the latest in a series of initiatives from the UAE aimed at alleviating suffering in the region, since the Israel-Gaza war began last year.

In June, it was reported that the UAE had provided 33,100 tonnes of urgent supplies to Gaza since November, when the country launched its aid mission to help those affected by the war in the enclave. The figures, released by the Ministry of Foreign Affairs show the aid was delivered by 320 flights, seven ships and 1,243 lorries up to June 13.

Two hospitals have also been established as part of the UAE's programme to help those in need in Gaza, including one with a centre to provide prosthetic limbs to wounded Palestinians.

A field hospital in the southern Gaza Strip has 200 beds and more than 100 doctors, nurses, pharmacists and lab technicians. It is used for general surgery and orthopaedics, while also offering anaesthetic services and intensive care for children and adults. It offers internal medicine, dentistry, family medicine and psychiatric treatment.

The UAE has also provided a 100-bed floating hospital in the port of Al Arish on the Egyptian side of the border with Gaza. The repurposed vessel – which has 100 medical and administrative staff on board – will remain docked off the coast of Al Arish to support relief efforts for Gaza. It has operating theatres, an intensive care unit, laboratory, pharmacy and medical warehouses. The vast ship, which sailed from Khalifa Port, also has an evacuation plane and boat, as well as fully equipped ambulances.

Six desalination plants were provided by the UAE, capable of generating up to 1.6 million gallons of clean drinking water a day to 600,000 people.

The UAE also supplied five automated bakeries, which produce bread for up to 72,000 people in Gaza, and enough flour for eight existing bakeries, which is helping to feed 17,140 people each day.

Also on Monday, the GCC called for a ceasefire in Lebanon. GCC Secretary-General Jassim Mohammed Al Budaiwi urged all parties to avoid military escalation along the Lebanese-Israeli border.

He added that the parties should adhere to UN Security Council Resolution 1701 and the Taif Agreement, which call on Israel to respect Lebanon’s borders and not extend its authority across the area, adding that Lebanon must exercise control over the use of arms on its territory.

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CSIL 2-star 145cm One Round with Jump-Off

1.           Alice Debany Clero (USA) on Amareusa S 38.83 seconds

2.           Anikka Sande (NOR) For Cash 2 39.09

3.           Georgia Tame (GBR) Cash Up 39.42

4.           Nadia Taryam (UAE) Askaria 3 39.63

5.           Miriam Schneider (GER) Fidelius G 47.74

 

 

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Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

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Based: Dubai

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Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

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2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan

2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux

2012 Amour, Michael Haneke

2011 The Tree of LifeTerrence Malick

2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul

2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke

2008 The Class (Entre les murs), Laurent Cantet

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BUNDESLIGA FIXTURES

Saturday

Borussia Dortmund v Eintracht Frankfurt (5.30pm kick-off UAE)

Bayer Leverkusen v Schalke (5.30pm)

Wolfsburg v Cologne (5.30pm)

Mainz v Arminia Bielefeld (5.30pm)

Augsburg v Hoffenheim (5.30pm)

RB Leipzig v Bayern Munich (8.30pm)

Borussia Monchengladbach v Freiburg (10.30pm)

Sunday

VfB Stuttgart v Werder Bremen  (5.30pm)

Union Berlin v Hertha Berlin (8pm)

Updated: September 30, 2024, 10:38 AM