Israeli navy captures ship it says was loaded with arms for Gaza


Jonathan Cook
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NAZARETH // Israel's navy said it intercepted a ship in international waters yesterday and reported discovering a large cargo of weapons it claimed was bound for the Gaza Strip.

Benjamin Netanyahu, Israel's prime minister, accused Iran of being behind the shipment. "The one thing that is certain is that the weapons are from Iran, with a relay station in Syria." The consignment, he said, was "intended to harm Israel".

The German-owned merchant ship Victoria had set sail from the Syrian port of Latakia, docking en route in Turkey. Israel said the vessel had been heading to Alexandria, in Egypt, and was about 350 kilometres off the Israeli coast when it was boarded.

The Israeli military added that Turkey "was not tied to the incident in any way".

Avi Benayahu, an Israeli army spokesman, told Israel Radio that at least three containers of weapons had been found during an initial inspection. Hundreds of other containers would be searched after the ship had been escorted to the Israeli port of Ashdod, he added.

Israeli military sources told The Jerusalem Post that the munitions appeared to be of a "higher quality" than usual.

Rani Ben-Yehuda, a rear admiral in the Israeli navy, said commandos had found Chinese-made C-704 anti-ship missiles with manuals in Farsi. The Israeli media also reported the discovery of an advanced radar system. Ehud Barak, the defence minister, had earlier told reporters that the ship was smuggling a system that could "impair our operational freedom along the Gaza coast".

Hizbollah, the Shiite militia in Lebanon, hit an Israeli naval vessel with such a missile during a month-long confrontation in 2006.

The Gaza Strip has been under an Israeli land-and-sea blockade since Hamas, the Palestinian ruling faction there, seized full control in 2007.

Israel has frequently accused Iran and Syria of smuggling weapons into the Gaza Strip, including rockets destined to be fired into Israel, a claim both countries have denied.

The suspected arms shipment highlighted growing concerns in Israel about the difficulty of maintaining its blockade since Hosni Mubarak, the former Egyptian president, stepped down last month. The Gaza Strip shares a short border with Egypt.

Israel and Egypt have worked together on enforcing the blockade, including trying to prevent the smuggling of goods and weapons through tunnels under the Egyptian border.

But since Mr Mubarak's ouster, Egyptian security forces have been taking a more lenient approach to the smuggling, it has been reported. Restrictions on passage between the Gaza Strip and Egypt at the Rafah border crossing have also been eased.

Israeli leaders are worried about the collapse of Israel's 32-year peace treaty with Egypt.

Mr Barak said yesterday that the navy had been tracking the ship for the past few days. "The attempt to smuggle weapons into Gaza shows that there are radical forces who continue to try and harm Israel and undermine stability in the region."

Latakia, from which the Victoria departed, was the destination of two Iranian naval ships that were permitted to sail through Egypt's Suez Canal last month, angering Israel. It was the first time Iranian vessels had passed through the canal in decades.

The navy said it had encountered no resistance from those on board the ship and believed the crew might not have been aware of the concealed cargo of arms.

The Victoria was operated by a French company and flying under a Liberian flag.

Efraim Inbar, director of the Begin-Sadat Centre for Strategic Studies at Bar Ilan University, said such a cargo indicates the "rapidly deteriorating" security environment facing Israel.

"Israel's enemies are trying to capitalise on our growing isolation in the region," he said. "We can expect to see more of these kinds of arms shipments, and it will be harder to catch them all."

Shlomo Brom, of the Institute for National Security Studies at Tel Aviv University, said Israel's chief concern would be whether new types of weapons, including more advanced missiles that could reach further into Israel, were being smuggled into Gaza.

The dismissal of Turkish involvement in the shipment so soon after the Victoria was captured appeared to indicate a reluctance on Israel's part to increase tensions with Ankara.

Relations between the two countries, once close military allies, have been severely strained since last summer, when Israel seized a Turkish ship, the Mavi Marmara, in international waters as it brought aid to the Gaza Strip. Nine passengers, all Turkish citizens, were killed in a confrontation as Israeli naval commandos boarded the vessel.

Over the past decade, Israel has seized several arms shipments off its coast destined either for Hamas in Gaza or for Hizbollah. Israel's most famous interception was of the Karine A in the Red Sea in 2002. The Palestinian freighter was found to contain 50 tonnes of weapons, including Katyusha rockets, anti-tank missiles and mortars.

In 2009 Israel seized the Francop cargo ship in the Mediterranean Sea as it headed to Lebanon with hundreds of tonnes of Iranian weapons on board.

Living in...

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.

Results:

Women:

1. Rhiannan Iffland (AUS) 322.95 points
2. Lysanne Richard (CAN) 285.75
3. Ellie Smart (USA) 277.70

Men:

1. Gary Hunt (GBR) 431.55
2. Constantin Popovici (ROU) 424.65
3. Oleksiy Prygorov (UKR) 392.30

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MATCH INFO

Europa League final

Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

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.”

RESULTS

5pm: Maiden (PA) Dh 80,000 (Turf) 1,200m
Winner: AF Majalis, Tadhg O’Shea (jockey), Ernst Oertel (trainer).

5.30pm: Maiden (PA) Dh 80,000 (T) 1,400m
Winner: Sawt Assalam, Szczepan Mazur, Ibrahim Al Hadhrami.

6pm: Maiden (PA) Dh 80,000 (T) 1,400m
Winner: Foah, Fabrice Veron, Eric Lemartinel.

6.30pm: Wathba Stallions Cup Handicap (PA) Dh 70,000 (T) 1,400m
Winner: Faiza, Sandro Paiva, Ali Rashid Al Raihe.

7pm: Handicap (PA) Dh 80,000 (T) 1,600m
Winner: RB Dixie Honor, Antonio Fresu, Helal Al Alawi.

7.30pm: Rated Conditions (TB) Dh 100,000 (T) 1,600m
Winner: Boerhan, Ryan Curatolo, Nicholas Bachalard.

MATCH INFO

Manchester City 3
Danilo (16'), Bernardo Silva (34'), Fernandinho (72')

Brighton & Hove Albion 1
Ulloa (20')

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

match info

Union Berlin 0

Bayern Munich 1 (Lewandowski 40' pen, Pavard 80')

Man of the Match: Benjamin Pavard (Bayern Munich)

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BIG SPENDERS

Premier League clubs spent £230 million (Dh1.15 billion) on January transfers, the second-highest total for the mid-season window, the Sports Business Group at Deloitte said in a report.