Unrest erupts in east Jerusalem


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Hundreds of Palestinians clashed with police in mainly Arab east Jerusalem today amid heightened tensions in the Holy City where Israel vowed to expand Jewish settlements. As the unrest rocked Jerusalem, US Middle East envoy George Mitchell put a visit to the region on hold amid the most severe diplomatic row in decades between Israel and the United States, which has been struggling to revive peace talks with Palestine. Police fired rubber bullets and stun grenades at protesters who hurled rocks at security forces in the Shuafat refugee camp. The Palestinians dispersed after security forces moved in. Similar clashes broke out in other parts of east Jerusalem, which Israel occupied in the 1967 Six Day War and later annexed in a move not recognised by the international community. Police said two officers were injured, but did not mention Palestinian casualties. Several people were arrested, said police spokesman Micky Rosenfeld. A heavy security presence was evident around the Old City, and police said they deployed 3,000 officers in Jerusalem. Israel's announcement last week of plans to build 1,600 new Jewish settler homes in mainly Arab east Jerusalem infuriated not only the Palestinians, but also the US administration which had sent Vice President Joe Biden to the region to promote new Middle East peace talks. Mr Mitchell today postponed a visit to region, the Israeli president's office said, without giving further details. Earlier this month, the Palestinians reluctantly agreed to hold indirect talks with the Israelis after a 14-month hiatus in negotiations, but the outlook for a resumption soon of the peace process looks bleak. The reopening of a twice-destroyed synagogue in Jerusalem's walled Old City yesterday further fuelled tensions. Many Palestinians view Israeli projects near the flashpoint Al Aqsa mosque compound - Islam's third holiest site - as an assault on its tense status quo or a prelude to the building of a third Jewish temple there. Jews call the compound Temple Mount and consider it their holiest site because their second Temple stood there before Romans destroyed it in 70AD. Rival Palestinian factions united in condemning the high-security opening of the landmark synagogue, which had last been destroyed 62 years ago in fighting with Jordan. "This is no mere synagogue," said Hatem Abdel Qader, the official in charge of Jerusalem affairs for Palestinian president Mahmud Abbas's Fatah movement. "This synagogue will be a prelude to violence and religious fanaticism and extremism, and this is not limited to Jewish extremists but includes members of the Israeli government," he added. The Islamist Hamas movement ruling the Gaza Strip declared today a "day of rage and alarm" over the opening of the synagogue in the Old City, calling on Arabs and Muslims to "come to the aid of Jerusalem and Al Aqsa." The United States took strong exception to the Palestinian statements, saying "such incitement" would heighten tensions. "We are deeply disturbed by statements made by several Palestinian officials mischaracterising the event in question, which can only serve to heighten the tensions we see," State Department spokesman Philip Crowley said yesterday. Palestinians were all the more irate since Israeli police have maintained restrictions on access to the Al Aqsa mosque compound since Friday. Israel has also sealed off the occupied West Bank citing security reasons. * AFP

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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Indoor Cricket World Cup

Venue Insportz, Dubai, September 16-23

UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty

Poland Statement
All people fleeing from Ukraine before the armed conflict are allowed to enter Poland. Our country shelters every person whose life is in danger - regardless of their nationality.

The dominant group of refugees in Poland are citizens of Ukraine, but among the people checked by the Border Guard are also citizens of the USA, Nigeria, India, Georgia and other countries.

All persons admitted to Poland are verified by the Border Guard. In relation to those who are in doubt, e.g. do not have documents, Border Guard officers apply appropriate checking procedures.

No person who has received refuge in Poland will be sent back to a country torn by war.

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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.”

The biog

Hobby: Playing piano and drawing patterns

Best book: Awaken the Giant Within by Tony Robbins

Food of choice: Sushi  

Favourite colour: Orange

Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
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