It is a ‘Catch-22’ situation for Israel if it sends troops into Gaza, which is densely populated and where dozens of Israeli citizens are believed to be held hostage by Hamas militants, a former Israeli intelligence officer said.
A ground offensive will increase the risks to the hostages while also giving Israeli forces the location of those citizens and soldiers kidnapped by Hamas, Avi Melamed, who has served in intelligence field positions for Israel, told The National.
Israel has ordered more than a million people from northern Gaza to flee to the south ahead of an imminent ground offensive into the Hamas territory, which the UN said “defies the rules of war and basic humanity.”
It follows a surprise October 7 attack by Hamas into Israel, killing about 1,300 people, mostly civilians. Israel responded with a ferocious bombardment of the heavily populated Gaza enclave, home to 2.3 million people, killing at least 2,200 people, also mostly civilians.
“When Israel is present on the ground, it will have accurate information and intelligence to find where the hostages are and in what condition,” said Mr Melamed, who is the author of the book Inside the Middle East.
“But we are also aware that the ground operation also could increase the chances of jeopardy for hostages.”
In the past if Israel avoided ground invasion because of concerns about casualties among Israeli soldiers, he said, but this time, the story is “totally different.”
Israel lost 67 soldiers and suffered hundreds wounded during the last major ground incursion into Gaza, in 2014.
“It is no longer relevant because the Israeli army has already lost hundreds of soldiers and civilians,” he said of the attack by Hamas, which killed 264 soldiers.
Israel said more than 1,000 Hamas fighters were killed in the fighting.
“Israel is determined to destroy Hamas’s and (Palestinian) Islamic Jihad’s military and organisational capacities. And wipe it out completely from Gaza so that they will not play a disruptive role in Gaza and in the wider region.”
Gaza tunnels will aid Hamas
Military analysts think a ground offensive would mean maximum casualties on both sides, but the extensive network of tunnels dug by Hamas will come to their aid.
Riyadh Kahwaji, a UAE-based security and defence analyst, told The National that a ground offensive is “very risky” for Israelis.
“Gaza is known to have a lot of tunnels which they (Israelis) don’t know the details about. This will enable Hamas fighters to move without Israeli soldiers spotting them, and strike.
“Invading a city means, street-to-street and door-to-door fighting where Hamas is strongly entrenched. They are experienced guerrilla fighters and have shown sophistication in their use of weapons, anti-tank, rockets and drones,” said Mr Kahwaji.
To reduce the casualties, he said its is likely Israelis will be “pounding everything”.
“They will be using a scorched earth tactic. So, it will be horrendous and utter destruction of Gaza, and civilians in the area will pay a heavy price. It is going to be really ugly for both sides.”
Civilian casualties the biggest challenge
While going ahead with a ground offensive, Israel will have to try to minimise as much as possible death and injury to civilians, according to Mr Melamed.
“And we know that Hamas is using civilians in Gaza as a human shield, so that will make the ground offensive a complex task,” he said.
Hence, a significant component of Israel’s military planning before a ground invasion, he said, will include how to take care of people of the Gaza Strip.
“So, I would expect for example, that Israel will very quickly ensure a humanitarian corridor that will enable the civilians that are not involved in the fight to move to safer areas.”
Hezbollah’s involvement
If the Iran-backed Hezbollah becomes directly involved in the Gaza conflict, Mr Melamed said it can cause “severe damage to Israel.”
“Hezbollah’s military capabilities have doubled or even quadrupled in the last few years. All these rockets, missiles and drones and special units they have, that can storm into Israeli territories, this is a significant threat.”
Hezbollah is thought to possess about 150,000 rockets and missiles, around 10 times what they possessed in the last Israel-Hezbollah war in 2006 – if estimates are correct.
But considering the stern warning from the US and the severe economic and political situation in Lebanon, he said Hezbollah may not decide on full-scale war.
“In the current conditions, I think that the Hezbollah will be hesitant.”
After the complete elimination of Hamas and dismantling of its military infrastructure and organisational capacity, Mr Melamed said Israel will not be interested in staying in the enclave, from where it pulled out its forces in 2005.
“Of course, Israel does not want to stay in Gaza forever. Hamas has to be made irrelevant in the sense that it will not be any more able to dictate the agenda of Gaza Strip, the agenda of Israel, and the agenda of the region. That is the main objective.”
Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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 12 Syrian entities delisted by UK
Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV
The specs: 2017 Maserati Quattroporte
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Fuel economy, combined 10.7L / 100km
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Saturday, April 20: 11am to 7pm - Abu Dhabi World Jiu-Jitsu Festival and Para jiu-jitsu.
Sunday, April 21: 11am to 6pm - Abu Dhabi World Youth (female) Jiu-Jitsu Championship.
Monday, April 22: 11am to 6pm - Abu Dhabi World Youth (male) Jiu-Jitsu Championship.
Tuesday, April 23: 11am-6pm Abu Dhabi World Masters Jiu-Jitsu Championship.
Wednesday, April 24: 11am-6pm Abu Dhabi World Professional Jiu-Jitsu Championship.
Thursday, April 25: 11am-5pm Abu Dhabi World Professional Jiu-Jitsu Championship.
Friday, April 26: 3pm to 6pm Finals of the Abu Dhabi World Professional Jiu-Jitsu Championship.
Saturday, April 27: 4pm and 8pm awards ceremony.
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