Heavy rains and cold temperatures gripped the Eastern Mediterranean on Sunday, as the Levant faced the strongest cold front yet this winter.
In the first of two cold fronts expected this week, rains continued in Israel, Palestine, Jordan and much of Syria and Lebanon, with weather expected to stabilise later in the day.
Scattered showers were reported in Tel Aviv, one day after heavy rains flooded roads and killed two people.
On Saturday, two people in Tel Aviv drowned in a residential building after heavy rains flooded an elevator, Haaretz reported.
Israeli emergency rescuers using scuba gear attempted to rescue a man and a woman trapped in an elevator stuck at basement garage level after automatically locking due to an apparent electrical shortage; the man died at the scene and the woman later died of hypothermia at the hospital, Haaretz reported.
Eleven others were injured on Saturday across Tel Aviv, which received 20 per cent of its annual rainfall within a few hours.
There were no further injuries or flooding reported on Sunday.
In Gaza, heavy rains that flooded streets on Saturday cleared on Sunday, as rainfall headed eastward, bringing temperatures down to 5°C and scattered showers in Jerusalem, Bethlehem, Hebron and Ramallah, according to the Palestinian Meteorological Department (PMD).
The PMD warned of floods forming in valleys and low-lying areas, slippery roads and poor visibility in the West Bank on Sunday.
After freezing rain and temperatures of 5°C early Sunday morning, rains lifted in Damascus, with temperatures warming in the Syrian capital to 11 °C
In Amman and much of Jordan, residents woke up to thick fog and heavy reducing visibility on the roads as cold rains dropped temperatures as low as 3°C with highs in the kingdom in single digits.
Fog formation and concern of flooding led to the delay of schools and working hours until late morning in the towns of Ajloun, Mazaar, Tafilah, Maan and Shobak.
On Sunday, Jordan’s Civil Defence Department issued alerts renewing its warning to the public to take precautions during the cold front, urging citizens to avoid valleys, flood plains and areas where torrents may form.
A second cold front is expected to hit the Levant late Tuesday or early Wednesday, which will bring heavy rains and high winds to Palestine, Israel, Jordan, Lebanon and Syria- with forecasts of potential snowfall in hilly areas.
A lack of preparation and warning for sudden, heavier-than-normal rainfall and storms that struck the Eastern Mediterranean in winter 2018 and led to several deaths in the Levant, particularly in Jordan.
Last year, more than 25 Jordanians died in various floods due to heavier-than-normal, sudden and intense rainfall meteorologists and environmental experts attribute to climate change.
The rains also submerged half of Amman’s downtown and Roman Theatre, causing millions of dollars of damage to local businessmen. The Greater Amman Municipality is in the final stages of new drainage systems in the downtown area, which lies in a valley cutting through the center of the hilly capital.
Last year’s storms also led to deaths of refugees and displaced persons in southern and northern Syria, many of whom are exposed to the elements and in temporary shelters erected on flood plains. International humanitarian agencies renewed their calls for concern over the past few days.
“Plummeting temperatures threaten to exacerbate an already dire situation for thousands of families,” the IRC warned in a statement last week. Noting that “thousands of people- including children- are living in the open air under olive trees” in Idlib, the organisation highlighted the need for shelter, fuel and warm winter clothes.
In a security council briefing last month, the UN Office for the Co-ordination of Humanitarian Affairs (OCHA) warned that “rain, cold and winter conditions have compounded hardship for many displaced families and their host communities” in northwest Syria, noting that access to Rukban camp between Syria and Jordan, where a dozen children died from the cold last year, remains restricted to aid agencies.
The%20specs
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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
'Cheb%20Khaled'
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
RESULTS
2.15pm Maiden (PA) Dh40,000 (Dirt) 1,200m
Winner Shawall, Abdul Aziz Al Balushi (jockey), Majed Al Jahouri (trainer)
2.45pm Handicap (PA) Dh40,000 (D) 1,200m
Winner Anna Bella Aa, Fabrice Veron, Abdelkhir Adam
3.15pm Handicap (PA) Dh40,000 (D) 1,200m
Winner AF Thayer, Tadhg O’Shea, Ernst Oertel
3.45pm Handicap (PA) Dh40,000 (D) 1,700m
Winner Taajer, Fabrice Veron, Eric Lemartinel
4.15pm The Ruler of Sharjah Cup – Prestige (PA) Dh250,000 (D) 1,700m
Winner Jawaal, Jim Crowley, Majed Al Jahouri
4.45pm Handicap (TB) Dh40,000 (D) 2,000m
Winner Maqaadeer, Jim Crowley, Doug Watson
UAE SQUAD
Omar Abdulrahman (Al Hilal), Ali Khaseif, Ali Mabkhout, Salem Rashed, Khalifa Al Hammadi, Khalfan Mubarak, Zayed Al Ameri, Mohammed Al Attas (Al Jazira), Khalid Essa, Ahmed Barman, Ryan Yaslam, Bandar Al Ahbabi (Al Ain), Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmin (Al Wasl), Adel Al Hosani, Ali Hassan Saleh, Majed Suroor (Sharjah), Ahmed Khalil, Walid Abbas, Majed Hassan, Ismail Al Hammadi (Shabab Al Ahli), Hassan Al Muharrami, Fahad Al Dhahani (Bani Yas), Mohammed Al Shaker (Ajman)
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
RESULT
Liverpool 4 Southampton 0
Jota (2', 32')
Thiago (37')
Van Dijk (52')
Man of the match: Diogo Jota (Liverpool)
ALRAWABI%20SCHOOL%20FOR%20GIRLS
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Abu Dhabi World Pro 2019 remaining schedule:
Wednesday April 24: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-6pm
Thursday April 25: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-5pm
Friday April 26: Finals, 3-6pm
Saturday April 27: Awards ceremony, 4pm and 8pm
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SPECS
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Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Fixtures
Wednesday January 8 –Oman v Namibia
Thursday January 9 – Oman v UAE
Saturday January 11 – UAE v Namibia
Sunday January 12 – Oman v Namibia
More Expo 2020 Dubai pavilions:
COMPANY%20PROFILE%20
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Company profile
Date started: December 24, 2018
Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer
Based: Dubai Media City
Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)
Sector: ConsumerTech and FinTech
Cashflow: Almost $1 million a year
Funding: Series A funding of $2.5m with Series B plans for May 2020
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.”