US President Donald Trump announced in December 2017 that he would move his country's Israeli embassy from Tel Aviv to Jerusalem. Jack Guez / AFP Photo
US President Donald Trump announced in December 2017 that he would move his country's Israeli embassy from Tel Aviv to Jerusalem. Jack Guez / AFP Photo
US President Donald Trump announced in December 2017 that he would move his country's Israeli embassy from Tel Aviv to Jerusalem. Jack Guez / AFP Photo
US President Donald Trump announced in December 2017 that he would move his country's Israeli embassy from Tel Aviv to Jerusalem. Jack Guez / AFP Photo

Israel waives permits for US embassy in Jerusalem


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Israel has waived normally issued construction permits to ensure that temporary premises for a US embassy in Jerusalem will be opened in May.

The decision disregarded normal procedures and will add to Palestinian fury and international concern over the diplomatic relocation from Tel Aviv.

Finance Minister Moshe Kahlon announced the move.

"We will not allow needless bureaucracy to hold up the transfer of the American embassy to Jerusalem, Israel's eternal capital," he said in a statement.

"This is a strategic diplomatic move for the state of Israel and the planning agencies under me will do whatever is necessary to accommodate the schedule being demanded."

The planning permit waiver for the embassy will last for three years, the ministry statement said.

US President Donald Trump in December shocked the world by recognising Jerusalem as Israel's capital and announcing that America's embassy would be moved there.

The relocation was welcomed by Israel, with Prime Minister Benjamin Netanyahu calling it a "historic decision", but it drew much criticism from the international community and angered Palestinians, who regard Jerusalem as the capital of their own future state.

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Israel's Jews and Arab minority further apart than ever, poll says

Israel says more states eyeing Jerusalem embassy move

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Israel has said the embassy will be opened on May 14, the 70th anniversary of the country's founding and the fleeing and expulsion of more than 700,000 Palestinians.

A US official said it would be located at a provisional site in Jerusalem that now houses a US consular section.

Building a permanent embassy could take several years.

Jerusalem Mayor Nir Barkat had voiced concern about the timeline, telling Israel Radio on March 9: "I hope their (Americans') schedule will be kept."

The interim embassy will be based in the Jerusalem neighbourhood of Arnona and will contain office space for the ambassador and a small staff, said the US embassy in Tel Aviv.

"By the end of next year, we intend to open a new embassy Jerusalem annex on the Arnona compound that will provide the Ambassador and his team with expanded interim office space," said a US official at the embassy, adding that a search for the construction site of a permanent embassy had begun.

Most countries do not recognise either side's sovereignty in Jerusalem and have embassies to Israel in the Tel Aviv area.

Mr Netanyahu has described Jerusalem as "the capital of the Jewish people for 3,000 years", and President Trump said the embassy move was "a long overdue step to advance the peace process".

In early March Israeli officials said they were on the cusp of persuading more countries to move their embassies to Jerusalem.

Palestinian leaders said Washington's decision meant it was no longer an honest broker in efforts to revive peace talks, which collapsed in 2014.

And last week the Palestinian president Mahmoud Abbas called the US ambassador to Israel a "son of a dog" in an angry rant against the Trump administration, signalling new trouble ahead for an expected US peace proposal.

In his speech, Mr Abbas criticised the US recognition of Jerusalem as Israel's capital, the American plan to move its embassy to the city and the cut-off of hundreds of millions of dollars in aid to the UN agency for Palestinian refugees.

In March a poll carried out by Haifa University sociologist Sammy Smooha has found that relations between Jewish Israelis and citizens of the Arab minority are plummeting, with each side losing faith in coexistence and becoming less tolerant of the other.

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Rating: 4/5

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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

MATCH INFO

Leeds United 0

Brighton 1 (Maupay 17')

Man of the match: Ben White (Brighton)

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
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Young women have more “financial grit”, but fall behind on investing

In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.

While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.

In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all). 

“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”

Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.

"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."

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Norwich City 0 Southampton 3 (Ings 49', Armstrong 54', Redmond 79')

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
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  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
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Team Abu Dhabi 114-3

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Maratha Arabians won by 24 runs

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What is an ETF?

An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.

There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.

The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.

There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.

While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash. 

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Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
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Current staff: more than 160 employees
Stage: series D 
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013