Two Palestinians died in clashes with Israeli forces on Saturday as the army moved in to seal off an attacker's home after violence over Israeli measures at Al Aqsa mosque compound in Jerusalem.
The UN Security Council will hold closed-door talks on Monday about the spiralling violence after Egypt, France and Sweden sought a meeting to "urgently discuss how calls for de-escalation in Jerusalem can be supported".
The deaths followed bloodshed on Friday, when a 19-year-old Palestinian killed three Israeli settlers in the occupied West Bank and three Palestinians died in clashes with Israeli forces.
On Saturday, Palestinian youths hurled stones and petrol bombs as the army used a bulldozer to close off the 19-year-old attacker's West Bank village and prepare his house for probable demolition.
Israel frequently punishes the families of attackers by razing or sealing their homes as a deterrent, although rights groups say this amounts to collective punishment.
Clashes also flared in east Jerusalem and other Palestinian villages in the West Bank near Jerusalem, police said, adding that anti-riot measures were used against them.
At the Qalandiya crossing between the West Bank and Jerusalem, at least eight Palestinians were wounded, the Palestinian health ministry said.
A Palestinian died of wounds suffered in clashes east of Jerusalem, the ministry said.
It said 17-year-old Oday Nawajaa was hit by Israeli live fire at Al Azariya.
Another Palestinian, 18, died nearby when a petrol bomb exploded prematurely.
The violence was triggered by Israel's implementation of measures at the Haram Al Sharif compound, known to Jews as the Temple Mount, including metal detectors at the compound entrance.
Israel claims the measures are necessary for security after a gun and knife attack killed two Israeli policemen on July 14.
The Palestinians reject the measures, however, viewing them as Israel asserting further control over the holy site.
The site in Jerusalem's Old City that includes the revered Al Aqsa mosque and Dome of the Rock has been a focal point for Palestinians.
In 2000, then Israeli opposition leader Ariel Sharon's visit to the compound helped ignite the second Palestinian intifada, or uprising, which lasted more than four years.
Israeli authorities say the July 14 attackers smuggled guns into the site and emerged from it to shoot the policemen.
On Friday, clashes erupted around the Old City.
Three Palestinians aged between 17 and 20 were shot dead. The Red Crescent reported 450 people wounded in Jerusalem and the West Bank, including 170 from live or rubber bullets.
Later Friday, the 19-year-old Palestinian broke into a home in a Jewish settlement in the West Bank and stabbed four Israelis, killing three.
He was shot by a neighbour and taken to hospital.
The Israeli army said he had spoken in a Facebook post of the Jerusalem holy site and of dying as a martyr.
The Israelis killed in Neve Tsuf, north of Ramallah and also known as Halamish, were a grandfather in his 60s and his son and daughter in their 40s, officials said. The grandmother was wounded.
Israeli soldiers raided the Palestinian's nearby village of Kobar overnight and arrested his brother, the army said.
Amid mounting pressure to respond to the dispute, Palestinian president Mahmoud Abbas announced late Friday he was freezing contacts with Israel.
There was no immediate public reaction from prime minister Benjamin Netanyahu.
Turkish president Recep Tayyip Erdogan denounced what he called the "excessive use of force" by the Israelis in Friday's clashes.
The US, Russia, the EU and the UN urged all sides to "demonstrate maximum restraint".
They "strongly condemn acts of terror, express their regret for all loss of innocent life caused by the violence".
"Violence is likely to worsen absent a major policy shift," said Ofer Zalzberg, a senior analyst at the International Crisis Group.
"Netanyahu's mistake was installing the metal detectors without a Muslim interlocutor. It is the coercive character more than the security measure itself that made this unacceptable for Palestinians."
On Saturday, entrances to Jerusalem's walled Old City were open amid heavy security.
The metal detectors also remained at the entrance to the mosque compound.
"Al Aqsa — that's for the Muslims, not for the Jewish," said Mohammad Haroub, a 42-year-old shopkeeper.
Like hundreds of others, he prayed outside on Friday instead of passing through the metal detectors.
Sharon Kopel, a 46-year-old Israeli tour guide, said he felt the metal detectors were unnecessary and politically motivated, but also criticised Palestinians for "lies" about Israel trying to take over Al Aqsa.
"I don't think it's really effective anyway," he said of the new measures. "But on the other hand … they brought guns into a holy place."
The Haram Al Sharif/Temple Mount is central to the Israeli-Palestinian conflict.
It is in east Jerusalem, seized by Israel in the 1967 Six-Day War and later annexed in a move never recognised by the international community.
It is considered the third holiest site in Islam and the most sacred for Jews.
The Outsider
Stephen King, Penguin
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Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
What is Diwali?
The Hindu festival is at once a celebration of the autumn harvest and the triumph of good over evil, as outlined in the Ramayana.
According to the Sanskrit epic, penned by the sage Valmiki, Diwali marks the time that the exiled king Rama – a mortal with superhuman powers – returned home to the city of Ayodhya with his wife Sita and brother Lakshman, after vanquishing the 10-headed demon Ravana and conquering his kingdom of Lanka. The people of Ayodhya are believed to have lit thousands of earthen lamps to illuminate the city and to guide the royal family home.
In its current iteration, Diwali is celebrated with a puja to welcome the goodness of prosperity Lakshmi (an incarnation of Sita) into the home, which is decorated with diyas (oil lamps) or fairy lights and rangoli designs with coloured powder. Fireworks light up the sky in some parts of the word, and sweetmeats are made (or bought) by most households. It is customary to get new clothes stitched, and visit friends and family to exchange gifts and greetings.
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More from UAE Human Development Report:
UAE currency: the story behind the money in your pockets
The biog
Favourite Emirati dish: Fish machboos
Favourite spice: Cumin
Family: mother, three sisters, three brothers and a two-year-old daughter
Results:
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1. Alice Debany Clero (USA) on Amareusa S 38.83 seconds
2. Anikka Sande (NOR) For Cash 2 39.09
3. Georgia Tame (GBR) Cash Up 39.42
4. Nadia Taryam (UAE) Askaria 3 39.63
5. Miriam Schneider (GER) Fidelius G 47.74
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.”
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
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BEACH SOCCER WORLD CUP
Group A
Paraguay
Japan
Switzerland
USA
Group B
Uruguay
Mexico
Italy
Tahiti
Group C
Belarus
UAE
Senegal
Russia
Group D
Brazil
Oman
Portugal
Nigeria
RUGBY CHAMPIONSHIP FIXTURES
September 30
South Africa v Australia
Argentina v New Zealand
October 7
South Africa v New Zealand
Argentina v Australia
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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