RAMALLAH, WEST BANK // Israeli forces shot dead a Palestinian in the occupied West Bank as troops entered a refugee camp to rescue two soldiers who strayed into the premises.
The clashes at Qalandiya refugee camp that began late on Monday also wounded 10 people, said the Palestinian health ministry.
The dead Palestinian, identified as Eyad Omar Sajdia, a 22-year-old student, died of gunshot wounds.
Israel said five soldiers and five paramilitary border policemen were hurt in the rescue operation.
Israeli defence minister Moshe Yaalon said the soldiers “apparently used Waze” – the Israeli-developed driving app now owned by Google. The military said it was investigating.
Waze however said the soldiers themselves were at fault, with a setting that tells the app to avoid “dangerous areas” having been turned off and the driver having deviated from the suggested route.
Israeli officials said the two soldiers were targeted with rocks and Molotov cocktails. Reinforcements were quickly dispatched to the camp between Jerusalem and Ramallah to rescue them, provoking further clashes that lasted hours. The two soldiers were later rescued unharmed.
A trail of blood could be seen extending down a wall from a roof where Sajdia was believed to have been when he was shot.
The narrow roads of the camp were littered with rocks and other debris, and several thousand people later attended Sajdia’s funeral, his body wrapped in a Palestinian flag.
Sajdia’s father, Omar, said a huge contingent of Israeli forces arrived at the camp.
“If you want to describe the situation you would say there is a war,” he said as he received guests who paid their respects at his home.
Residents said the Israeli reinforcements included a bulldozer that caused damage to homes.
The incident came during a period of heightened tensions since October in which Palestinian stabbings, shootings and car rammings have killed at least 170 Palestinians – 112 of whom Israel says were assailants, while most others were shot dead by Israeli security forces during violent anti-Israeli protests. A US citizen and 28 Israelis were killed in the same period.
Mr Yaalon said the two soldiers got into trouble because they had relied on satellite navigation on their mobile phone.
“I have always said that if even if you use a navigation programme, you still need to know how to navigate with a map,” Mr Yaalon said.
The Qalandiya camp lies north of Jerusalem and on the outskirts of Ramallah, the Palestinian seat of government. It is a point of frequent violence between Palestinian protesters and Israeli troops.
Israeli raids on Qalandiya to arrest suspects have sparked heavy clashes in the past.
The camp is located just beyond a checkpoint separating annexed east Jerusalem and the West Bank. The heavily fortified crossing is a hated symbol of the Israeli occupation for Palestinians.
Qalandiya camp was established in 1949 in the wake of the creation of Israel and has grown into a densely populated town with 11,000 registered refugees.
Nearly one in five residents is unemployed, according to the UN, and around 60 per cent are under 25 years old.
Palestinian leaders have said that with no breakthrough on the horizon, desperate youngsters see no future ahead. Israel says young Palestinians are being incited to violence by their leaders and by extremist groups calling for Israel’s destruction.
* Reuters and Agence France-Presse
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The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
RESULTS
1.45pm: Maiden Dh75,000 1,200m
Winner: Lady Parma, Richard Mullen (jockey), Satish Seemar (trainer).
2.15pm: Maiden Dh75,000 1,200m
Winner: Tabernas, Connor Beasley, Ahmed bin Harmash.
2.45pm: Handicap Dh95,000 1,200m
Winner: Night Castle, Connor Beasley, Satish Seemar.
3.15pm: Handicap Dh120,000 1,400m
Winner: Mystique Moon, Sam Hitchcott, Doug Watson.
3.45pm: Handicap Dh80,000 1,400m
Winner: Mutawakked, Szczepan Mazur, Musabah Al Muhairi.
4.15pm: Handicap Dh90,000 1,800m
Winner: Tafaakhor, Sandro Paiva, Ali Rashid Al Raihe.
4.45pm: Handicap Dh80,000 1,950m
Winner: Cranesbill, Fabrice Veron, Erwan Charpy.
Afcon 2019
SEMI-FINALS
Senegal v Tunisia, 8pm
Algeria v Nigeria, 11pm
Matches are live on BeIN Sports
MATCH INFO
Manchester City 3
Danilo (16'), Bernardo Silva (34'), Fernandinho (72')
Brighton & Hove Albion 1
Ulloa (20')
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 President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
Match info
Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')
Southampton 0
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
MATCH INFO
Chelsea 3 (Abraham 11', 17', 74')
Luton Town 1 (Clark 30')
Man of the match Abraham (Chelsea)
The Little Things
Directed by: John Lee Hancock
Starring: Denzel Washington, Rami Malek, Jared Leto
Four stars
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Australia
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