Live updates: Follow the latest on Israel-Gaza
Thousands of volunteers came together to lend a helping hand to war-hit Lebanon on Sunday at Dubai's second aid collection drive in as many weeks.
Community-spirited residents flocked to Dubai Exhibition Centre in Expo City Dubai to prepare about 10,000 relief packages for citizens whose lives have been turned upside down by persistent Israeli air strikes on their country.
Organisers said at least 2,000 people had arrived in the first two hours of the event – which ran from 9am until 1pm – to pack essentials such as hygiene kits, tinned food, milk, and blankets.
About 4,000 people were in attendance for the first aid event at the same venue last Saturday, held as part of the nationwide “UAE Stands With Lebanon campaign”, which was launched on October 8 under the directive of President Sheikh Mohamed.
More than 2,400 people have been killed in Lebanon as a result of the conflict since October 8, 2023, while more than one million citizens have been displaced.
People of all ages and nationalities – including Lebanese residents living in the Emirates – joined forces in the spirit of solidarity.
Separated from loved ones
“This is my only way of contributing,” said Abir Chamas, 49, from Byblos in northern Lebanon, who has attended every aid drive since the start of the campaign.
“I can’t be with my family in Lebanon, and this initiative allows me to feel connected and to help.”
She said her father's side of the family is still in Lebanon, spread across different areas.
“Despite being safe, they have been displaced. Some are now living in makeshift camps near a university, while others have moved in with relatives in different areas,” she said.
This current conflict has stirred painful memories for Ms Chamas, bringing back the trauma she experienced during previous wars in Lebanon.
“I left Lebanon in 1989, and I lived through the war back then. When this war started, all the painful and harsh memories came rushing back, but this time the difference is that with social media, the world can now see the reality of what’s happening in real-time,” she said.
She said her family had lost contact with her 27-year-old cousin. “For two days, we didn’t know where he was or if he was alive. It felt like an eternity,” she said.
“When we finally heard from him, it was like a huge weight had been lifted.”
She expressed gratitude to the UAE for offering support to Lebanon at a time of great need.
“This initiative is not just about the aid; its also about the so much love that I see – love for us as Lebanese people, and love for doing good.”
The campaign has also resonated with younger volunteers, like Miral Elbanna, 9, from Jordan, who asked her mother if she could take part.
“If I had the humanity to support the innocent people of Gaza before, then I must have the humanity to support the people of Lebanon, who have also done nothing wrong,” she said.
Yara Al Adra, 15, from Jordan, and her friend Maryam Ibrahim, from Egypt, also 15, said they felt it was their duty to help.
“It's the least we can do for them,” said Yara. “We have to help our people who are in need,” Maryam added.
Maryam’s mother, Shaymaa Zakzouk, 38, from Egypt, who works in the human resources department of a legal firm in Dubai, expressed her passion for volunteering.
“When my daughter Maryam told me about the campaign, I was eager to join. It’s a beautiful initiative, full of goodness and hope," she said.
“I really hope for peace and security to spread across the world so that children can always live in safety and well-being.”
Huge response
Abdulla Ahmed Al Shehhi, chief operating officer at Dubai Cares, hailed the overwhelming support of the public.
“After the first drive, where we saw participation from around 4,000 volunteers, we received directives from the International Humanitarian and Philanthropic Council to organise a second event here at Expo City Dubai,” he said.
“With such large crowds, we ensured smooth operations by offering preregistration and providing various time slots for volunteering, allowing people to come at their designated times without waiting for long.”
He encouraged people to continue to support the initiative by donating money via the Dubai Cares website. The public can also pledge on the Emirates Red Crescent website.
“This is an continuing effort, and we’ve also launched our own Dubai Cares campaign to ensure the support continues beyond this event,” said Mr Al Shehhi.
The success of the second Dubai drive came after about 3,000 volunteers participated in an aid collection event at Expo Centre Sharjah on Saturday.
Abu Dhabi National Exhibition Centre will hold a fifth aid packing event on Tuesday, from 3pm to 7pm.
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Black Panther
Dir: Ryan Coogler
Starring: Chadwick Boseman, Michael B Jordan, Lupita Nyong'o
Five stars
MATCH STATS
Wolves 0
Aston Villa 1 (El Ghazi 90 4' pen)
Red cards: Joao Moutinho (Wolves); Douglas Luiz (Aston Villa)
Man of the match: Emi Martinez (Aston Villa)
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Why are you, you?
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Because we are mirrors of each other.
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with the unique light of art.
Ben Okri,
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
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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.”
HOW DO SIM CARD SCAMS WORK?
Sim swap frauds are a form of identity theft.
They involve criminals conning mobile phone operators into issuing them with replacement Sim cards, often by claiming their phone has been lost or stolen
They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.
The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.
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Jetour T1 specs
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THE SPECS
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Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Who has been sanctioned?
Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.
Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.
Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.
Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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Hobby: "It is not really a hobby but I am very curious person. I love reading and spend hours on research."
Favourite author: Malcom Gladwell
Favourite travel destination: "Antigua in the Caribbean because I have emotional attachment to it. It is where I got married."
Reading List
Practitioners of mindful eating recommend the following books to get you started:
Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung
How to Eat by Thich Nhat Hanh
The Mindful Diet by Dr Ruth Wolever
Mindful Eating by Dr Jan Bays
How to Raise a Mindful Eaterby Maryann Jacobsen
Captain Marvel
Director: Anna Boden, Ryan Fleck
Starring: Brie Larson, Samuel L Jackson, Jude Law, Ben Mendelsohn
4/5 stars
LA LIGA FIXTURES
Saturday (UAE kick-off times)
Leganes v Getafe (12am)
Levante v Alaves (4pm)
Real Madrid v Sevilla (7pm)
Osasuna v Valladolid (9.30pm)
Sunday
Eibar v Atletico Madrid (12am)
Mallorca v Valencia (3pm)
Real Betis v Real Sociedad (5pm)
Villarreal v Espanyol (7pm)
Athletic Bilbao v Celta Vigo (9.30pm)
Monday
Barcelona v Granada (12am)
Notable groups (UAE time)
Jordan Spieth, Si Woo Kim, Henrik Stenson (12.47pm)
Justin Thomas, Justin Rose, Louis Oosthuizen (12.58pm)
Hideki Matsuyama, Brooks Koepka, Tommy Fleetwood (1.09pm)
Sergio Garcia, Jason Day, Zach Johnson (4.04pm)
Rickie Fowler, Paul Casey, Adam Scott (4.26pm)
Dustin Johnson, Charl Schwartzel, Rory McIlroy (5.48pm)
Du Football Champions
The fourth season of du Football Champions was launched at Gitex on Wednesday alongside the Middle East’s first sports-tech scouting platform.“du Talents”, which enables aspiring footballers to upload their profiles and highlights reels and communicate directly with coaches, is designed to extend the reach of the programme, which has already attracted more than 21,500 players in its first three years.
COMPANY PROFILE
Name: N2 Technology
Founded: 2018
Based: Dubai, UAE
Sector: Startups
Size: 14
Funding: $1.7m from HNIs