Israeli settlers, protected by armed men, shovel the ground to divert water from a spring in the Palestinian West Bank village of Karawa Bani Hassan, south of Nablus in 2010.
Israeli settlers, protected by armed men, shovel the ground to divert water from a spring in the Palestinian West Bank village of Karawa Bani Hassan, south of Nablus in 2010.

Israelis and Palestinians in West Bank water wars



TEL AVIV // Jewish settlers in the West Bank are increasingly using threats, intimidation or violence to block Palestinians from using the Israeli-occupied territory's vital natural springs, a United Nations report said yesterday.

Settlers have taken over 30 springs and are trying to take control of another 26 - most of which are located on land privately owned by Palestinians, the UN's Office for Coordination of Humanitarian Affairs said.

The takeover appears to reflect Israel's efforts to exert more control over the West Bank, territory that the Palestinians want for their future state, the document said.

"Similarly to other Palestinian resources and properties seized by Israeli settlers, the water springs are being exploited to further the economic and political interests of settlers," said the report, based on surveys taken last year.

Israel has faced escalating international condemnation for its approach to the allocation of water in the West Bank, with the French parliament's foreign affairs committee in January accusing Israel of implementing "apartheid policies" on the issue.

Ghassan Khatib, a spokesman for the Palestinian Authority, said the report was further evidence of increasing claims by Palestinian farmers and civilians about their obstacles in accessing water.

"Independent organisations like OCHA are saying what Palestinians have been shouting and not been taken seriously by the international community," he said. "The Israeli government is the address that should be held responsible for tolerating and encouraging settlers' violations."

The settlers' bid to take over springs is hurting Palestinian farmers' livelihoods, the report said. The springs represent the single largest source of water for irrigation in the West Bank and a major source of water for livestock. Without access, some farmers either stop cultivating their land or pay to obtain water through pipes or by tanker lorries..

The springs are also used for domestic needs by some Palestinian families who do not have running water, or whose access to water is unreliable.

The report said that settlers used "acts of intimidation, threats and violence" to deter Palestinians from accessing 22 of the springs.

In the case of eight other springs, settlers either erected an electronic fence or took control after Israel declared the area of the springs a closed military zone. This was done without notifying the Palestinian landowners or arranging for farmers to be able to enter the area to work, the document said.

Jamil Darawsheh, a Palestinian farmer from Awarta, south-east of the West Bank city of Nablus, was cited by the UN agency as saying he had lost an estimated 10,000 Israeli shekels (Dh9,770) after he was unable to irrigate new olive seedlings. He said members of the hardline settlement of Itamar have harassed neighbouring Palestinian villagers since the second Palestinian Intifada started in 2000, including threatening them and forcing them to leave their fields.

A 31-year-old farmer, who spoke to the UN agency on condition of anonymity, said he and a friend were gathering wood near a spring on land belonging to his relative when they were threatened by more than three dozen settlers. The group then forced the farmer and his friend to sit by the spring until they were fetched by army vehicles that drove them to a police station for interrogation.

"While some farmers … still use the spring to irrigate their crops, many other farmers have avoided coming to this spring as much as possible due to fear from incidents like this," the report said.

According to the report, the settlers were trying to take over access to some springs by illegally making them into tourist attractions, adding picnic tables, benches and rubbish bins, paving a car park and roads leading to the water and putting up signs with the Hebrew name of the spring.

While some of the Hebrew names are similar to their Arab translations, other springs are named after individuals such as settlement founders, Jewish victims of Palestinian attacks or Israeli soldiers killed in combat, the report added.

The efforts to boost tourism in the area add to the "normalisation" of settlements in the eyes of Israelis, the report added.

The UN officials carried out the survey last year by interviewing Palestinian farmers, reviewing land ownership maps, speaking with Israeli settlers at springs during field visits and examining Israeli websites advertising tourism destinations in the West Bank.

How being social media savvy can improve your well being

Next time when procastinating online remember that you can save thousands on paying for a personal trainer and a gym membership simply by watching YouTube videos and keeping up with the latest health tips and trends.

As social media apps are becoming more and more consumed by health experts and nutritionists who are using it to awareness and encourage patients to engage in physical activity.

Elizabeth Watson, a personal trainer from Stay Fit gym in Abu Dhabi suggests that “individuals can use social media as a means of keeping fit, there are a lot of great exercises you can do and train from experts at home just by watching videos on YouTube”.

Norlyn Torrena, a clinical nutritionist from Burjeel Hospital advises her clients to be more technologically active “most of my clients are so engaged with their phones that I advise them to download applications that offer health related services”.

Torrena said that “most people believe that dieting and keeping fit is boring”.

However, by using social media apps keeping fit means that people are “modern and are kept up to date with the latest heath tips and trends”.

“It can be a guide to a healthy lifestyle and exercise if used in the correct way, so I really encourage my clients to download health applications” said Mrs Torrena.

People can also connect with each other and exchange “tips and notes, it’s extremely healthy and fun”.

Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

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.”

Messi at the Copa America

2007 – lost 3-0 to Brazil in the final

2011 – lost to Uruguay on penalties in the quarter-finals

2015 – lost to Chile on penalties in the final

2016 – lost to Chile on penalties in the final

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

Credit Score explained

What is a credit score?

In the UAE your credit score is a number generated by the Al Etihad Credit Bureau (AECB), which represents your credit worthiness – in other words, your risk of defaulting on any debt repayments. In this country, the number is between 300 and 900. A low score indicates a higher risk of default, while a high score indicates you are a lower risk.

Why is it important?

Financial institutions will use it to decide whether or not you are a credit risk. Those with better scores may also receive preferential interest rates or terms on products such as loans, credit cards and mortgages.

How is it calculated?

The AECB collects information on your payment behaviour from banks as well as utilitiy and telecoms providers.

How can I improve my score?

By paying your bills on time and not missing any repayments, particularly your loan, credit card and mortgage payments. It is also wise to limit the number of credit card and loan applications you make and to reduce your outstanding balances.

How do I know if my score is low or high?

By checking it. Visit one of AECB’s Customer Happiness Centres with an original and valid Emirates ID, passport copy and valid email address. Liv. customers can also access the score directly from the banking app.

How much does it cost?

A credit report costs Dh100 while a report with the score included costs Dh150. Those only wanting the credit score pay Dh60. VAT is payable on top.

The specs

Engine: 4.0-litre V8

Power: 503hp at 6,000rpm

Torque: 685Nm at 2,000rpm

Transmission: 8-speed auto

Price: from Dh850,000

On sale: now