Mohammed Abu Khudair's cousin Ansam, (centre) cries as police fire stunt grenades outside the home in the Arab neighborhood of Shuafat, an Arab neighborhood of Jerusalem nearby the home of Mohammed Abu Khudair, 16.  Heidi Levine for The National
Mohammed Abu Khudair's cousin Ansam, (centre) cries as police fire stunt grenades outside the home in the Arab neighborhood of Shuafat, an Arab neighborhood of Jerusalem nearby the home of Mohammed AbShow more

Palestinian family mourns their ‘baby’ amid revenge attack claims



SHUAFAT, JERUSALEM // On what should have been the start to another day of Ramadan devotions, Mohammed Abu Kdheir was waiting for morning prayers outside his house yesterday.
A car pulled up and, after asking for directions, two men pulled Mohammed, 17, into the vehicle. A burnt body was later found by Israeli police in a forest near Givat Shaul.
His funeral is expected to take place on Thursday.
Yesterday, his devastated family was left to grieve a young man believed to have been the victim of a revenge attack for the kidnap and killing of three teenage Israelis whose bodies were found on Monday.
His mother Soha sat slumped on a sofa in an upstairs living room at the family home in the middle-class Shuafat suburb of Jerusalem, surrounded by her relatives.
The sounds of street battles with Israeli forces rang outside, with 65 people injured in fighting in front of the Abu Kdheir home by nightfall.
Dozens of masked youths fought soldiers from behind makeshift barricades. The house shook with stun grenades, and tear gas and smoke seeped through the windows.
"He would stand next to the shops before going to the mosque to pray and then come back home," Soha said. "My nephew told me someone had been kidnapped and I asked where Mohammed was.
"He said I don't know, so I told him to go to look for him at the mosque. I called my son over and over but there was no reply."
Saed Abu Kdheir, Mohammed's father, had spent the day with police and given DNA samples to help identify the body. "Who else could do this? There's no one else," he said.
Alaa Abu Kdheir, 25, Mohammed's cousin, recalled a boy who was in many ways the baby of the family.
"I saw him yesterday at just 1am. He couldn't hurt a fly, he is so small and so gullible – he believes anything that you tell him," Alaa said.
The family said CCTV footage from a nearby store showed him being abducted, but police had confiscated it.
A security source told Reuters Mohammed had been killed, and linked it to the deaths of Eyal Yifrach, Gilad Shaar and Naftali Frankel, who were kidnapped three weeks ago.
There were several attacks on Palestinians in Jerusalem on Tuesday after the funeral for the three teenagers in Modi'in, and rallies across the city at which protesters chanted "Death to Arabs".
Yesterday, Mohammed's murder was denounced by the Palestinian leadership, which said it held Israel responsible and demanded the government of Israeli prime minister Benjamin Netanyahu act to prevent revenge attacks.
Mr Netanyahu also condemned the "despicable murder" and ordered investigators to work "as quickly as possible" to track down the perpetrators, while urging both sides "not to take the law into their own hands".
The United States and Britain issued calls for restraint while condemning the apparent revenge attack on Mohammed.
Outside the Abu Kdheir house, another cousin, Samad Abu Khdeir, 20, stood behind the barricades, a cut on her cheek and a bandage covering her right arm.
She said she was one of the first involved in the clashes that began at dawn as news of Mohammed's abduction broke in the tight-knit community.
A stun grenade blew up in front of her as she stood with other young protesters in the usually bustling street.
Samad is one of very few female members of the shabab, the name given to the protesters who take on Israeli forces at demonstrations in the West Bank and East Jerusalem.
She said many of the male demonstrators had told her to leave the frontlines, but she was defiant.
As she spoke, waves of shabab moved forward, piling wooden boards as a barrier against rubber bullets and using slingshots to pelt the soldiers with stones.
Huge green rubbish bins were pulled on to the road to prevent Israeli vehicles from advancing. A handful of onions used by protesters to ward off the effects of tear gas were placed on a wall.
A short distance away, the Shuafat metro station smouldered after being set on fire earlier in the day. Its windows and ticket machines were smashed.
Signalling towards the mob of young men throwing rocks towards the soldiers, Samad said: "They were unfortunate. They killed a member of one of the biggest families in Shuafat."
During a lull in the fighting, Obay, 27, stood smoking, with a brown bandana wrapped around his head.
He said he hoped that what had started in Shuafat with protests against the death of a young man would continue, giving new passion to the Palestinian resistance.
"It seems like there is no chance to have any kind of peace. Of course, we still have a lot to lose – but we have to fight," he said.
foreign.desk@thenational.ae
* With additional reporting by Associated Press

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap​​​​​​​
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal​​​​​​​
Rating: 3.5/5

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

If you go

The flights
Return flights from Dubai to Santiago, via Sao Paolo cost from Dh5,295 with Emirates


The trip
A five-day trip (not including two days of flight travel) was split between Santiago and in Puerto Varas, with more time spent in the later where excursions were organised by TurisTour.
 

When to go
The summer months, from December to February are best though there is beauty in each season

Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

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.”

UAE medallists at Asian Games 2023

Gold
Magomedomar Magomedomarov – Judo – Men’s +100kg
Khaled Al Shehi – Jiu-jitsu – Men’s -62kg
Faisal Al Ketbi – Jiu-jitsu – Men’s -85kg
Asma Al Hosani – Jiu-jitsu – Women’s -52kg
Shamma Al Kalbani – Jiu-jitsu – Women’s -63kg
Silver
Omar Al Marzooqi – Equestrian – Individual showjumping
Bishrelt Khorloodoi – Judo – Women’s -52kg
Khalid Al Blooshi – Jiu-jitsu – Men’s -62kg
Mohamed Al Suwaidi – Jiu-jitsu – Men’s -69kg
Balqees Abdulla – Jiu-jitsu – Women’s -48kg
Bronze
Hawraa Alajmi – Karate – Women’s kumite -50kg
Ahmed Al Mansoori – Cycling – Men’s omnium
Abdullah Al Marri – Equestrian – Individual showjumping
Team UAE – Equestrian – Team showjumping
Dzhafar Kostoev – Judo – Men’s -100kg
Narmandakh Bayanmunkh – Judo – Men’s -66kg
Grigorian Aram – Judo – Men’s -90kg
Mahdi Al Awlaqi – Jiu-jitsu – Men’s -77kg
Saeed Al Kubaisi – Jiu-jitsu – Men’s -85kg
Shamsa Al Ameri – Jiu-jitsu – Women’s -57kg

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

The Roundup : No Way Out

Director: Lee Sang-yong
Stars: Don Lee, Lee Jun-hyuk, Munetaka Aoki
Rating: 3/5