Palestinian schoolboys play during recess at a school run by UNRWA in Beit Lahia in the northern Gaza Strip on January 24, 2009. Some 200,000 Gaza children returned to school for the first time since Israel's offensive, many having lost family members, their home and their sense of security. The UN Relief and Works Agency (UNRWA) reopened all its 221 schools which educate Palestinians in the territory and provided shelter to tens of thousands of people during the fighting. AFP PHOTO/MOHAMMED ABED *** Local Caption ***  163165-01-08.jpg *** Local Caption ***  163165-01-08.jpg
Boys play at the UN-run school in northern Gaza Strip yesterday that was hit by a phosphorus shell during the Israeli campaign.

Israel acts to block war crimes charges



Jerusalem // Mounting fear in Israel that the country's leaders face war crimes charges over their involvement in the recent Gaza offensive pushed officials into a frenzy of activity at the weekend to forestall legal actions abroad. The urgency was underlined after rumours last week that Belgian authorities might arrest Tzipi Livni, Israel's foreign minister, if she attended a summit of European counterparts in Brussels on Wednesday. In an indication of how seriously the matter is judged, Ms Livni's advisers were on the verge of cancelling her trip when the story was revealed to be a hoax. Nonetheless, officials are braced for real attempts to arrest senior political and military figures following a warning from the country's chief law officer, Menachem Mazuz, that Israel will soon face "a wave of international lawsuits".

In response, the government is setting up a special task force to work on legal defences, has barred the media from naming or photographing army officers involved in the Gaza attack, and has placed restrictions on overseas visits. Today, ministers were expected to approve an aid package to help soldiers fight warrants abroad for their arrest. The concern about war crimes trials follows a series of pronouncements by Richard Falk, the United Nations' special rapporteur on the occupied territories and a professor emeritus of international law at Princeton University in the United States.

He has accused Israel of gravely violating the laws of war during its three-week offensive, which killed more than 1,300 Gazans, most of them civilians, and wounded thousands more. "There is a well-grounded view that both the initial attacks on Gaza and the tactics being used by Israel are serious violations of the UN charter, the Geneva conventions, international law and international humanitarian law," he said during the final stages of fighting.

Since they gained entry to the tiny enclave after a ceasefire declared a week ago, Amnesty International and Human Rights Watch have added their voice. The two human-rights organisations have censured Israel over its failure to distinguish between Palestinian civilians and combatants as well as its use of controversial weapons. There is incontrovertible evidence, both groups say, that Israel fired white phosphorus shells over Gaza, despite its banned use in civilian areas, setting homes on fire and burning civilians caught under the shower of phosphorus.

Kenneth Roth, the director of Human Rights Watch, has also lambasted Israel for using high-explosive shells in built-up areas of Gaza, even though the artillery has a blast range of up to 300 metres. Initial indications suggest that the army may have resorted also to an experimental weapon - dense inert metal explosive, or Dime - that severs limbs and ruptures the internal organs of anyone close to the blast.

The International Atomic Energy Agency, the UN's nuclear watchdog, is investigating claims forwarded by Saudi Arabia that depleted uranium shells were used in Gaza. In addition, human-rights groups have begun documenting instances of the Israeli army's targeting of civilian buildings, including UN schools, and of soldiers taking Palestinian civilians as human shields. A senior Israeli official told Yedioth Ahronoth newspaper: "As far as the international arena is concerned, Israel is entering what is probably its darkest era."

In a further sign of concern, an unnamed government minister was quoted last week as saying: "When the scale of the damage in Gaza becomes clear, I will no longer take a vacation in Amsterdam, only at the international court in The Hague" - a reference to the International Criminal Court in the Netherlands that tries war crimes. Over the past week about 300 human-rights organisations have jointly prepared a 37-page dossier of evidence to be presented to the court.

According to legal experts, it will be difficult to try Israel at the ICC because it is not a signatory to the Rome statute governing the court's jurisdiction and function. However, an ad hoc tribunal similar to the ones set up to deal with war crimes in Rwanda and the former Yugoslavia may be an option. The ICC might also try to pursue individual Israeli commanders for war crimes. A more pressing concern for Israel is that European human-rights activists, especially in Britain and Belgium, could use local legislation to initiate war crimes trials in their domestic courts against Israeli leaders.

Such actions have been launched before, most notably in 2005 when Doron Almog, the former Israeli commander in Gaza, avoided being arrested in the United Kingdom only after he was warned to remain seated in a plane after his arrival at Heathrow airport. Major Gen Almog had overseen the demolition of hundreds of homes in Gaza three years earlier. In an attempt to make life more difficult for Israeli leaders, anonymous activists in Israel launched a website (www.wanted.org.il) - "outing" those it accused of war crimes, including Ehud Barak, the defence minister, Ehud Olmert, the prime minister, and Ms Livni. It also identified most of the senior military command.

Offering photographs and information about each official's alleged offence, the site provides contact details for the ICC and tells visitors to alert the court when "the suspect is outside of Israel's borders". To avert the danger of arrests for war crimes, IsraeI hurriedly initiated a series of moves to protect its leaders. A special task force, overseen by the prime minister's office, will convene in the next few days to start building a defence for army commanders.

The Israeli media suggested experts on international law would seek to compile evidence that Hamas stockpiled weapons in civilian buildings, and that the army went to great efforts to warn residents to flee before bombing areas. The military censor is excising from media reports all identifying information about senior officers involved in the Gaza operation, and officers who wish to travel abroad will be required first to seek the advice of military officials.

jcook@thenational.ae

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Cory Sandhagen v Umar Nurmagomedov
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Michael Chiesa v Tony Ferguson
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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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Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

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Man of the Match: Benjamin Pavard (Bayern Munich)

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  • Quality of the operator: guest reviews, customer experience management, application of technology, average utilisation, scope of services rendered

Source: Adam Nowak, managing director of Ultimate Stay Vacation Homes Rental