The Security Council's 15 member states on Tuesday called for immediate de-escalation and an end to "unilateral actions" after a surge of deadly violence in the occupied West Bank.
The UAE's ambassador to the UN, Lana Nusseibeh, told reporters that the UN special co-ordinator for the Middle East, Tor Wennesland, gave the Council a "concerning overview of the fact that a lack of a political horizon is causing a continual cycle of violence and reprisals on the ground".
Ms Nusseibeh underlined the importance of promoting dialogue and diplomacy and urged "further talks" between Israeli and Palestinian officials.
The closed-door meeting was called by the UAE, the Arab group's representative on the Security Council, after a formal request submitted by the state of Palestine.
This is the third time the UN Security Council has convened an emergency meeting since Israel's far right government of Prime Minister Benjamin Netanyahu came into office two months ago.
Ms Nusseibeh said the UAE asked for the emergency meeting "in light of the worrying developments on the ground in the West Bank", in particular, the raid on Nablus and the incursion into the village of Hawara to the south.
Israeli settlers rampaged through Palestinian towns in the occupied West Bank on Sunday night, torching cars and homes and killing a man.
Sunday’s rioting was a response to a drive-by shooting that killed two brothers from an Israeli settlement.
The incidents came right after a high-level summit meeting between senior officials from Israel, the Palestinian Authority, the US, Jordan and Egypt in the Jordanian city of Aqaba, where Israeli delegates promised to suspend settlement expansion in the West Bank.
The participants issued a joint statement in which the “government of Israel and the Palestinian National Authority confirmed their joint readiness and commitment to immediately work to end unilateral measures for a period of three to six months".
They agreed to convene again in March this year in Egypt to “achieve the goals” set in the Aqaba Joint Communique.
Israeli leaders, including Prime Minister Benjamin Netanyahu, later said they had not agreed to suspending the settlements programme.
Meanwhile, the UN’s Palestinian ambassador, Riyad Mansour, said it was incumbent on the UN Security Council to elevate “itself to the level of taking steps to provide protection to the civilian population, especially after the criminal and terrorist act by settlers in Hawara and the adjacent towns and villages".
Mr Mansour, who was not privy to the closed Security Council meeting, pushed the world body to intervene and provide protection for Palestinians.
"Protection, protection, protection is what the Palestinian civilian population are asking for," he said.
"We believe that the Security Council has a responsibility to shoulder, especially with regard to ... taking steps to provide protection to the civilian population, especially after the criminal and terrorist act by settlers in Huwara and nearby villages."
Mr Mansour said it would have been helpful for Security Council representatives to visit Huwara so they could "see with their own eyes (and) feel the horror in the minds and hearts of children and mothers and their families."
Last week, for the first time in six years, the Security Council denounced in a presidential statement backed by the US, the building of Israeli settlements in the Palestinian territories.
On Tuesday, Hady Amr, the US special representative for Palestinian affairs, visited the West Bank village of Hawara.
“We want to see full accountability and legal prosecution of those responsible for these heinous attacks and compensation for those who lost property or were otherwise affected," Mr Amr said.
TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%209
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Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Brief scoreline:
Tottenham 1
Son 78'
Manchester City 0
RESULTS
%3Cp%3E%3Cstrong%3E9pm%3A%20Maiden%20(PA)%20Dh70%2C000%20(Dirt)%202%2C000m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Mubhir%20Al%20Ain%2C%20Antonio%20Fresu%20(jockey)%2C%20Ahmed%20Al%20Mehairbi%20(trainer)%3Cbr%3E%3Cstrong%3E9.30pm%3A%20Handicap%20(TB)%20Dh70%2C000%20(D)%202%2C000m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Exciting%20Days%2C%20Oscar%20Chavez%2C%20Doug%20Watson%3Cbr%3E%3Cstrong%3E10pm%3A%20Al%20Ain%20Cup%20%E2%80%93%20Prestige%20(PA)%20Dh100%2C000%20(D)%202%2C000m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Suny%20Du%20Loup%2C%20Marcelino%20Rodrigues%2C%20Hamad%20Al%20Marar%3Cbr%3E%3Cstrong%3E10.30pm%3A%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C800m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Jafar%20Des%20Arnets%2C%20Oscar%20Chavez%2C%20Ahmed%20Al%20Mehairbi%3Cbr%3E%3Cstrong%3E11pm%3A%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(D)%201%2C600m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Taj%20Al%20Izz%2C%20Richard%20Mullen%2C%20Ibrahim%20Al%20Hadhrami%3Cbr%3E%3Cstrong%3E11.30pm%3A%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C400m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Majdy%2C%20Antonio%20Fresu%2C%20Jean%20de%20Roualle%3Cbr%3E%3Cstrong%3E12am%3A%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C400m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Hamloola%2C%20Sam%20Hitchcott%2C%20Salem%20Al%20Ketbi%3C%2Fp%3E%0A
Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
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What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.