Humanitarian supplies bound for the Gaza Strip have again been blocked by Israel.
Humanitarian supplies bound for the Gaza Strip have again been blocked by Israel.

Disaster warning as Gaza still cut off



RAMALLAH, WEST BANK// Israel rebuffed a plea by the UN to open crossings into Gaza for humanitarian supplies yesterday and continued barring international media from reaching the impoverished strip of land. Asked yesterday whether Israel intended to reopen crossings, Ehud Barak, the defence minister, told Israel Army Radio: "No. There needs to be calm in order for the crossings to be opened."

Ban Ki-moon, the UN secretary general, telephoned Ehud Olmert, the Israeli prime minister on Tuesday, urging him to facilitate the movement of urgently needed humanitarian supplies into Gaza, where relief agencies have had to halt food distribution and the only power station is running out of fuel. Israel closed the crossings two weeks ago when Palestinians responded with a salvo of rockets to a Nov 4 Israeli army raid into Gaza that resulted in the killings of six Gazans.

The tit-for-tat violence has continued since, with Israeli air raids causing at least a dozen Palestinian fatalities and one Israeli wounded by a Palestinian mortar. Hamas is understood to be trying to persuade some of the smaller Palestinian factions, including the Popular Resistance Committees and the Palestinian Front for the Liberation of Palestine who have claimed responsibility for firing rockets in the past two weeks, to desist.

Nevertheless, Hamas's military wing yesterday also warned that it was prepared to end a five-month-old ceasefire should crossings remain closed. It would appear to be in neither Israel's nor Hamas's interests to end the ceasefire, however. Israeli politicians are facing general elections in early February and although taking a tough posture with Palestinians is an oft-tried campaign strategy, barring a full-scale - and unpredictable - invasion of the Strip, Israel would seem unable to ensure calm around Gaza without the ceasefire in place.

Hamas, for its part, will be eager for the ceasefire, which officially runs out on Dec 19, to be extended to continue to consolidate its rule over Gaza and strengthen its hand in internal Palestinian negotiations over reconciliation. Nevertheless, Hamas cannot afford to be seen to have abandoned the option of armed struggle and will probably enter the fray should crossings into Gaza remain shut. Several international relief agencies have warned of a full-scale humanitarian disaster should food and medicine continue being blocked from entering the strip. On Sunday, the United Nations Relief and Works Agency announced that it had to stop distributing food to the about 750,000 Palestinians who rely on it for their immediate needs.

On Monday, Israel allowed a limited shipment of food and medicine to reach the strip, but the army shut the border again after three rockets were fired across the border on Tuesday, and yesterday it was reported that Gaza's biggest mill had closed because of a lack of wheat. Gazans are also suffering regular electricity blackouts as a result of the scarcity of fuel. Foreign journalists, meanwhile, are protesting against a ban on international media entering the Gaza Strip, also in effect since Nov 4.

The Foreign Press Association, which represents journalists working for international media in the region, has slammed the decision by the Israeli government as a "serious violation" of press freedom. In an open letter published on Tuesday, the FPA said the decision to bar journalists from Gaza was an "unprecedented restriction of press freedom" and said its protests to the Israeli government had gone unheeded.

"Never before have journalists been prevented from doing their work in this way. We believe it is vital that journalists be allowed to find out for themselves what is going on in Gaza. Israel controls access to Gaza. Israel must allow professional journalists access to this important story." In spite of repeated requests, the Israeli ministry of defence was not available for comment. Israeli officials had said no official decision has been made to stop journalists from reaching Gaza, but that preventing them from doing so in the past two weeks was consistent with army policy only to allow passage for essential humanitarian staff.

In Gaza, officials and human rights activists said Israel was trying to prevent foreign journalists from revealing the reality there. "Israel doesn't want journalists to report on the conditions in Gaza that have resulted from the Israeli siege," said Eyad Sarraj, a psychiatrist with the Gaza Community Mental Health Project and a human-rights activist. "Israel doesn't want journalists from all over the world to bear evidence to what they are doing here."

Mr Sarraj also suggested that Israel was preparing a major military operation, a suspicion echoed by Ahmad Yousef, a senior Hamas official. "Israel might be planning something. For this, they don't want any journalists here to cover their brutality against Palestinians... Journalists are those that can open the eyes of the world by showing them what is really going on in Gaza." okarmi@thenational.ae

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

BeIN Sports currently has the rights to show

- Champions League

- English Premier League

- Spanish Primera Liga 

- Italian, French and Scottish leagues

- Wimbledon and other tennis majors

- Formula One

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Stree

Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
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WORLD CUP SEMI-FINALS

England v New Zealand

(Saturday, 12pm UAE)

Wales v South Africa

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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  • An elevated football field that doubles as a helipad
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Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

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Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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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

The rules of the road keeping cyclists safe

Cyclists must wear a helmet, arm and knee pads

Have a white front-light and a back red-light on their bike

They must place a number plate with reflective light to the back of the bike to alert road-users

Avoid carrying weights that could cause the bike to lose balance

They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians

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Engine: Direct injection 4-cylinder 1.4-litre
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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4

 

 

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The specs: 2017 Dodge Viper SRT

Price, base / as tested Dh460,000

Engine 8.4L V10

Transmission Six-speed manual

Power 645hp @ 6,200rpm

Torque 813Nm @ 5,000rpm

Fuel economy, combined 16.8L / 100km

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Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

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.”

At a glance - Zayed Sustainability Prize 2020

Launched: 2008

Categories: Health, energy, water, food, global high schools

Prize: Dh2.2 million (Dh360,000 for global high schools category)

Winners’ announcement: Monday, January 13

 

Impact in numbers

335 million people positively impacted by projects

430,000 jobs created

10 million people given access to clean and affordable drinking water

50 million homes powered by renewable energy

6.5 billion litres of water saved

26 million school children given solar lighting

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5