Palestinian Naser Al Deen Allan (C), the father of prisoner Mohammed Allan who is being held by Israel without trial, celebrates with friends following news of his son's temporary release from detention at the family home in the West Bank city of Nablus on August 19, 2015. Jaafar Ashtiyeh/AFP Photo
Palestinian Naser Al Deen Allan (C), the father of prisoner Mohammed Allan who is being held by Israel without trial, celebrates with friends following news of his son's temporary release from detentiShow more

Palestinian prisoner ends 66-day hunger strike



JERUSALEM // A Palestinian prisoner held without charge in Israel ended his two-month hunger strike on Thursday, a day after Israel’s supreme court suspended his detention.

The case of Mohammed Allan’s 66-day strike tested a new Israeli law allowing force-feeding, which has been criticised by many doctors who say the practice amounts to torture.

It also cast light on Israel’s practice of imprisoning Palestinians for lengthy periods without charge or trial, which it calls “administrative detention”.

Mr Allan’s lawyer, Jamil Khatib, said that his client’s condition was serious but stable. He cautioned that it could take several weeks to know the full extent of the damage that he had sustained from the strike.

Earlier in the day, Mr Allan regained consciousness after being placed in a medically induced coma on Wednesday after a deterioration in his condition.

Dr Hezy Levy of Israel’s Barzilai hospital said that his condition had greatly improved.

“We took him off the respirator. He’s no longer sedated,” Dr Levy said. “He is starting to communicate and I am happy that medically he is on the right path.”

The doctor said he hoped that Mr Allan would soon start eating again on his own. His body cannot yet process food after such a prolonged fast.

The 31-year-old had been held since November in detention without charge, which was temporarily lifted by Wednesday’s supreme court ruling.

However, the court said that he must remain in hospital pending a final decision on his case.

Israel said the detention was applied to Mr Allan for his affiliation with Islamic Jihad, a Palestinian militant group that has carried out scores of attacks on Israeli civilians and soldiers. Mr Allan denies the affiliation.

Israeli prosecutors told the court on Wednesday that they would release Mr Allan if he were found to have irreversible brain damage.

He was said to be suffering brain damage, apparently because of a vitamin deficiency caused by the hunger strike. It was still not known whether this damage was permanent.

When doctors placed Mr Allan in a coma on Wednesday, it was the second time that he had been in a coma since last week. He slipped into the first coma last Friday, prompting doctors to give him fluids, vitamins and minerals intravenously and to place him on a respirator.

His condition improved, and on Tuesday he was conscious and taken off the respirator.

Adalah, a rights group that petitioned the court for Mr Allan’s release, said that judges should have acted on his petition to be freed when it was first filed on Monday.

“The court may have accepted the petition but this occurred after Mohammed Allan’s case became extremely cruel and inhumane, and brought him to the brink of death,” the group said.

Hardline members of prime minister Benjamin Netanyahu’s right-wing government viewed the ruling as giving in to a hunger strike that they saw as “blackmail”.

* Associated Press, Agence France-Presse

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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

The biog

Name: Dhabia Khalifa AlQubaisi

Age: 23

How she spends spare time: Playing with cats at the clinic and feeding them

Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need

Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman

Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs 

Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing

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Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

At a glance

- 20,000 new jobs for Emiratis over three years

- Dh300 million set aside to train 18,000 jobseekers in new skills

- Managerial jobs in government restricted to Emiratis

- Emiratis to get priority for 160 types of job in private sector

- Portion of VAT revenues will fund more graduate programmes

- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government

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How Filipinos in the UAE invest

A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.

Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).

Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.

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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.”

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