After agreeing to a three-hour truce to allow humanitarian aid into Gaza, the Israeli air force launched 60 strikes in a single night.
The casualties in the second week of Operation Cast Lead included 42 dead when mortar rounds struck the Al Fakhura school, which was being used as a shelter by around 1,200 refugees. At least 10 of the dead were children.
Gaza emergency services said that by Wednesday the death toll caused by the Israeli operation had reached 660, with another 2,950 wounded. Israel said four of its soldiers had been killed by so-called "friendly fire".
World leaders continued to call for a truce. Foreign ministers from Europe, the Arab world and the United States continued a diplomatic session at the United Nations in New York, while President Sarkozy of France met with the president of Egypt, Hosni Mubarak, in an attempt to broker a ceasefire. The peace negotiations have the cautious backing of the US, the Arab League and the UN.
Israel said that operations would continue until Hamas stopped firing rockets into the southern part of the country. Three Israeli civilians have been killed by rocket fire since the fighting started.
Serious traffic casualties fell dramatically last year, police in Abu Dhabi announced.
Numbers for those killed or seriously injured on the roads dropped by 12 per cent, with police saying the reduction was due to tougher laws introduced in March, including a new points system for motoring offences.
According to the police, 738 people died or were badly injured in accidents by the end of last November compared to 839 people in the comparable period for 2007. Among Emiratis, the fall was even more dramatic, with casualties reduced by 23 per cent.
Col Hamad Adil al Shamsi, the head of traffic and patrols, said: "We increased traffic inspection campaigns and patrols to catch violations such as dangerous overtaking of other vehicles, crossing red signals."
Gas supplies to Europe were disrupted in a row between Russian and Ukraine. The former Soviet republic was accused of stealing gas by Russia's Gazprom as it passed along a pipeline connecting the West.
The EU depends on Russia for about a quarter of its total gas supplies, some 80 per cent of which is pumped through Ukraine.
Seven countries, including Greece, Hungary, Serbia and Bulgaria, reported a complete halt of gas supplies, while Italy and Austria said they received only 10 per cent of their expected delivery.
Ukraine denies stealing the gas, saying the fall in supplies is due to "technical problems."
A new shopping mall opened in China dedicated entirely to fake brands. The mall in Nanjing, east of Shanghai is said to have angered shoppers who thought they were buying the real thing.
"The whole idea of this mall is plain dishonest," one shopper complained in a local newspaper.
"Some fakes are done lightheartedly to be funny, but these stores look so much like the real thing people are going to feel cheated.
The mall's food court includes a "McDnoalds", "Bucksstar Coffee" and "Pizza Huh".
Cows in the United States could be taxed because of their contribution to global warming.
The US environmental protection agency suggested that farmers should pay $175 for each dairy cow and $87.50 for beef cattle as part of a revised clean air act.
Gas from cows is said to put more carbon dioxide into the atmosphere than driving cars.
Joe Biden, the next vice president of the United States, was turned away from a cinema when nobody recognised him.
Accompanied by a posse of secret service agents, Mr Biden and his wife Jane tried to buy tickets for The Curious Case of Benjamin Button, starring Brad Pitt, but left after being told the next performance was sold out.
Staff at the Regal Brandywine Cinema in Delaware apparently failed to realise who their guest was until they were told by an agent.
The family of a German billionaire who committed suicide said he had been "broken" by losing money in the world financial crisis.
Adolf Merckle, 74, threw himself under a train after running up losses of ?400 million (Dh2bn) by betting the wrong way on Volkswagen shares.
Mr Merckle, whose company made pharmaceuticals and cement, was listed as the 98th-richest man in the world in 2008.
David Beckham and his family arrived in Dubai for a friendly football match between his new club AC Milan and Hamburg.
His wife, Victoria, the fashion designer and former Spice Girl, said the trip had allowed her children to enjoy themselves away from the tabloid press.
"I can't remember the last time I had a holiday when I could just walk around without any make-up on, with just a pair of flip flops and my kids and just do regular stuff," she said. "Everyone's been very respectful. I will come back for that reason." The game ended in a 1-1 draw, with the England player being substituted at half-time.
Motorcyclists in a Nigerian city have been defying new helmet laws by driving with dried pumpkin shells on their heads.
Officers in Kano say they have stopped dozens of drivers, who operate as taxis, wearing calabash shells, normally used for carrying water.
The new law has led to thousands of motorbikes being seized around the country and prompted street protest from drivers.
Yusuf Garba, the Kano Federal Road Safety Commission commander, told the BBC: "We are impounding their bikes and want to take them to court so they can explain why they think wearing a calabash is good enough for their safety."
A new musical based on the hit TV cartoon series Freej opened in Dubai. Dubbed the biggest ever theatrical production in the Middle East, Freej Folklore has more than 100 performers and 300 production staff.
The show features the four grandmothers Um Saeed, Um Allawai, Um Saloom and Um Khammas who travel through time to explore the region's past with the help of a seven-metre-tall genie.
It also features a score that fuses traditional Emirati music and a western orchestra.
The capital revealed its plans for growth over the next two decades, which will include boosting the non-oil sector to half of the economy.
The report, Abu Dhabi Economic Vision 2030, forecast that the emirate's economy would defy the current world recession by growing by seven per cent a year for the next six years and then by six per cent.
The Government also hopes to reduce unemployment among nationals to five per cent "effectively creating full employment".
It also called for new measures to attract and retain skilled expatriate workers. According to the report, gross domestic product will increase more than five times in the next 21 years.
jlangton@thenational.ae
Napoleon
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More from Neighbourhood Watch:
What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
Nancy 9 (Hassa Beek)
Nancy Ajram
(In2Musica)
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
Results
2pm: Handicap (PA) Dh80,000 1,600m; Winner: AF Al Baher, Bernardo Pinheiro (jockey), Ernst Oertel (trainer).
2.30pm: Handicap (TB) Dh100,000 1,600m; Winner: Talento Puma, Xavier Ziani, Salem bin Ghadayer.
3pm: Handicap (TB) Dh90,000 1,950m; Winner: Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.
3.30pm: Jebel Ali Stakes Listed (TB) Dh500,000 1,950m; Winner: Mark Of Approval, Patrick Cosgrave, Mahmood Hussain.
4pm: Conditions (TB) Dh125,000 1,400m; Winner: Dead-heat Raakez, Jim Crowley, Nicholas Bachalard/Attribution, Xavier Ziani, Salem bin Ghadayer.
4.30pm: Jebel Ali Sprint (TB) Dh500,000 1,000m; Winner: AlKaraama, Antonio Fresu, Musabah Al Muhairi.
5pm: Handicap (TB) Dh100,000 1,200m; Winner: Wafy, Richard Mullen, Satish Seemar.
5.30pm: Handicap (TB) Dh90,000 1,400m; Winner: Cachao, Tadhg O’Shea, Satish Seemar.
MOTHER%20OF%20STRANGERS
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UAE currency: the story behind the money in your pockets
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
Transmission: eight-speed auto
Price: from Dh122,745
On sale: now
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Results
Stage seven
1. Tadej Pogacar (SLO) UAE Team Emirates, in 3:20:24
2. Adam Yates (GBR) Ineos Grenadiers, at 1s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 5s
General Classification
1. Tadej Pogacar (SLO) UAE Team Emirates, in 25:38:16
2. Adam Yates (GBR) Ineos Grenadiers, at 22s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 48s
KILLING OF QASSEM SULEIMANI
Meydan race card
6.30pm: Maiden; Dh165,000; (Dirt) 1,200m
7.05pm: Handicap; Dh170,000; (D) 1,200m
7.40pm: Maiden; Dh165,000; (D) 1,900m
8.15pm: Handicap; Dh185,000; (D) 2,000m
8.50pm: Handicap; Dh185,000; (D) 1,600m
9.25pm: Handicap; Dh165,000; (D) 2,000m
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Stree
Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5
More from Neighbourhood Watch:
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Profile
Company: Libra Project
Based: Masdar City, ADGM, London and Delaware
Launch year: 2017
Size: A team of 12 with six employed full-time
Sector: Renewable energy
Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.