Nine-year-old Palestinian boy Malik Eissa rests in Hadassa hospital in Jerusalem in February this year. AP Photo
Nine-year-old Palestinian boy Malik Eissa rests in Hadassa hospital in Jerusalem in February this year. AP Photo
Nine-year-old Palestinian boy Malik Eissa rests in Hadassa hospital in Jerusalem in February this year. AP Photo
Nine-year-old Palestinian boy Malik Eissa rests in Hadassa hospital in Jerusalem in February this year. AP Photo

Israel closes case on Palestinian boy, 9, shot in eye during protest


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Israel's internal affairs department said it would not prosecute police officers involved in an alleged shooting with a sponge-tipped bullet that took out the eye of a Palestinian boy.

The family of Malek Issa, 9, who now has a glass eye, said the boy was hit by a non-lethal round used for crowd control in February while he was buying a sandwich in the Issawiya neighbourhood in East Jerusalem.

Police at the time said they were responding to a riot in the area.

The Israeli Justice Ministry said that after an exhaustive investigation, its internal affairs department "concluded there was not sufficient evidence to press criminal charges", AFP reported.

It said the police suspected of firing the round had "encountered resistance that included throwing stones" while on their way to make an arrest.

"During the activity, a sponge bullet was fired toward a wall, which was not close to where the boy was standing," the ministry said in the decision.

It said a medical investigation could not rule out the possibility that Malek lost his eye "from a stone and not the sponge bullet".

While the force was cleared of criminal responsibility, the internal affairs department called for a police inquiry into the incident, "including regarding the use of a sponge rifle during operational activity near civilians", the ministry said.

"This is a serious and saddening incident that took place during operational activity," it said.

On Thursday, the police’s internal investigations unit announced it had closed its investigation into the serious injury of Malek.

“The Police Internal Investigations Department came to the conclusion that there is no substantial evidence to warrant prosecution,” it said.

On Friday, a Palestinian teenager was killed in on the sidelines of a protest in the occupied West Bank, the Palestinian Health Ministry said.

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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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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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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