Smoke rises above Gaza following Israeli strikes. AFP
Smoke rises above Gaza following Israeli strikes. AFP
Smoke rises above Gaza following Israeli strikes. AFP
Smoke rises above Gaza following Israeli strikes. AFP

Israel used truce to gain intelligence to be more surgical while 'thumping' Hamas


Thomas Harding
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Israel will attempt to to reduce civilian casualties with “surgical air strikes” in the next phase of its Gaza offensive with the aim to “neutralise” Hamas forcing, the group into concessions, military analysts have told The National.

The Israeli military is understood to have used the last week to gain information on Hamas positions, largely by reconnecting with its human intelligence sources inside Gaza to determine locations.

Two outstanding aims remain for Israel, to destroy Hamas and to have the remaining 137 hostages returned but with inevitable deaths of more women and children while they attempt to impose a stranglehold on Hamas.

“This should be a less gratuitous bombing than perhaps we saw in the first seven weeks, but after an awful lot of intelligence gathering one would expect them to be far more precise,” said Col Hamish de Bretton Gordon, a former British army officer.

“I hope we're not going to see quite so much collateral damage, with more surgical air strikes but there is still some way to go here and it's still going to be pretty horrendous.”

America will also play a key role in restraining Israel’s attacks on civilians with Washington unlikely to tolerate the high death rates already suffered by Palestinians.

“The known unknown is the extent to which the US has influence over Israel in terms of getting them to try and operate in a way that causes less Palestinian civilian casualties,” said Brigadier Ben Barry, of the IISS think tank.

However, the Israeli government spokesman Eylon Levy warned on Friday that “Hamas will now take the mother of all thumpings,” after it failed to release all the female hostages.

An Israeli military helicopter hovers over the Gaza border. Reuters
An Israeli military helicopter hovers over the Gaza border. Reuters

Big bombs

While its military controls about half of northern part of the enclave there remains unfinished business in Gaza city which may mean Israeli commanders will completely clear it before moving south.

During the first phase Israel used a substantial number of its heavy 2,000lb (900kg) bombs that flattened entire apartment blocks and were likely used to also block Hamas tunnels.

Israel has a large number of 500lb (226kg) bombs that it could use instead of the larger ordnance.

It is unknown how many 2,000lb bombs were dropped in the 15,000 strikes conducted by Israel since the October 7 atrocities, but according to the Hamas-run health ministry 15,000 Palestinians have been killed, including more than 4,100 children.

The horrific nature of the recent bombing’s impact on children was put forward by James Elder of Unicef, speaking from a hospital in southern Gaza.

“Those people who are making decisions that the war can recommence on children need to look into the faces and missing limbs of the children,” he told the BBC.

However, Israel does not appear to be ready to back down on its tactics although its military spokesman did say “we will go out of our way in order to limit civilian casualties”.

Interviewed just a few minutes after Mr Elder, Lt Col Peter Lerner was questioned about the child fatalities. “While the images are heartbreaking, and every civilian casualty weighs very heavily on us, we can't be expected not to defend our civilians,” he said.

Such high civilian casualties in a short period of time puts the Gaza conflict on a par with those suffered in the Vietnam War or even the Second World War, analysts have said.

An Israeli F-35 jet fighter flying above north Gaza on November 22. AFP
An Israeli F-35 jet fighter flying above north Gaza on November 22. AFP

Southern Gaza

With 1.5 million displaced Palestinians now in southern Gaza, the civilian death toll could increase dramatically if Israel uses the same tactics that include 2,000lb bombs.

There is a suggestion that a safe enclave might be established in south-west Gaza allowing the Israelis to attack the rest of the Strip that harbours senior Hamas commanders and the hostages.

Another alternative would be sending in special forces to take out key Hamas positions although this will likely lead to higher Israeli casualties, something the government is keen to avoid.

“If you're an Israeli, you probably just want to use technology and accept that there are going to be civilian casualties,” said Col de Bretton Gordon.

Brig Barry added: “Israel has hard choices to make about whether it's going to try and fight in a way that minimises hostage casualties, or is it actually just going to press the accelerator on the military bombing campaign.”

Alternatively, Mr Netanyahu might be attempting to create enough pressure on Hamas for them to concede to another ceasefire and hostage release.

Israeli Merkava tanks on the Gaza border. AFP
Israeli Merkava tanks on the Gaza border. AFP

Iran, Hezbollah and the bomb

A key element to the conflict has been that the initial fears of a regional escalation have not been realised.

Despite firing some rockets Hezbollah has been largely restrained and there is no sign of substantial meddling from Iran.

Furthermore, Hamas is not popular among many Middle Eastern countries and its atrocities have lessened its appeal.

But a key element to the war being contained, what some analysts suggest is the elephant in the room, is Israel’s stockpile of an estimated 90 nuclear warheads.

“The fact that this war hasn't spread across the Middle East is I expect because of Israeli nuclear weapons,” said Col de Bretton Gordon. “And the fact that the Iranians are not getting into the ring is hugely significant.”

A rocket fired from inside the Gaza Strip towards Israel. AFP
A rocket fired from inside the Gaza Strip towards Israel. AFP

History’s lesson

With Hamas’s destruction the key objective set by Prime Minister Benjamin Netanyahu his military will continue to pursue the extremists.

The theory could be to bomb them into negotiations or into such a weakened state that they capitulate.

In the Yom Kippur war of 1973 the Israeli army pushed back the Egyptians and surrounded their Third Army forcing the government to concede.

When the Israelis went after the Palestine Liberation Organisation (PLO) in Lebanon in 1982 the subsequent negotiated ceasefire saw its Fatah force largely relocated to Tunisia.

Furthermore, the objective of “neutralising” Hamas does not mean killing all its estimated 25,000 fighters but rather removing them as a threat to Israel.

Military analysts suggested this could mean that the Israelis are planning to make their military position untenable with a concession that Hamas fighters will leave for another country, possibly Turkey or Iran.

Key to Israel prevailing will be the morale of Hamas fighters in Gaza who are at some distance from their leadership living in Qatar, which could help it achieve a more rapid success in the coming weeks

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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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Updated: December 01, 2023, 4:16 PM