Israeli Prime Minister Benjamin Netanyahu said in an interview on Sunday that “enough” of the 132 remaining Israeli hostages still held in Gaza are alive to provide justification for Israel’s continuing military actions in the enclave.
“One thing we're not going to do is we're not going to let Hamas emerge victorious. And if we leave, it'd be a tremendous victory for the Iran terror axis. It's bad for everyone,” he warned in an interview with ABC News.
Mr Netanyahu said "enough" Israeli hostages are alive “to warrant the kind of efforts that we're doing".
“We're going to try to do our best to get all those who are alive back and, frankly, also the bodies of the dead,” he said, asserting that the previous hostage deal had come together only because Israel applied military pressure, "not because we stopped applying it."
As Israel prepares to launch a ground invasion of the city of Rafah in southern Gaza, Mr Netanyahu said the goal of destroying Hamas cannot be achieved if Hamas-affiliated brigades are allowed to remain in Rafah.
“You didn't have to kill every last ISIS terrorist, but you made sure that that ISIS was finished as a military force, you have to dismantle Hamas, a military force, it controls territory, we're well in within which we shouldn't stop,” he said.
Mr Netanyahu emphasised that executing a comprehensive military campaign in Rafah necessitates relocating civilians from areas of conflict.
“We dropped thousands of flyers, we phoned Palestinians in their homes, we asked them to leave, we gave them safe corridors and safe zones,” he said.
Some 1.4 million Palestinian civilians have crowded into Rafah, with many living in tents with increasingly scarce supplies of food, water, and medicine.
“Victory is within reach,” he said. “We're going to get the remaining Hamas terrorist battalions in Rafah, which is the last bastion.”
Mr Netanyahu added that those who urged Israel not to go into Rafah “are basically saying, 'lose the war. Keep Hamas there.’”
The Israeli Prime Minister stated that one Palestinian civilian has been killed for every Hamas fighter killed in Gaza.
"We've killed we've kind of wounded over 20,000 Hamas terrorist out of that about 12,000 fighters...and we're doing everything we can to minimise civilian casualties, and continue to do so," he said.
Health authorities in Hamas-controlled Gaza estimate about 28,000 Palestinians, mostly civilians, have been killed in the region since the onset of the conflict in October.
Mr Netanyahu advised caution regarding figures provided by Hamas.
“I can tell you that according to these urban warfare experts and other commentators, we brought down the civilian-to-terrorist casualties, the ratio down below one-to-one … and we're going to do more,” he said.
Israel's main ally, the US, has said it does not support a ground offensive in Rafah, warning that it risks "disaster" if it is not properly planned.
US President Joe Biden, in his strongest criticism of Israel yet, described the Israeli response on Thursday as “over the top.”
Mr Biden who spoke to the Prime Minister Netanyahu on Sunday reaffirmed his view that a military operation in Rafah should not proceed "without a credible and executable plan for ensuring the safety of and support for the more than one million people sheltering there" the White House said in a statement.
They also discussed ongoing efforts to secure the release of all remaining hostages held by Hamas with Mr Biden emphasising the need to "capitalise on progress made in the negotiations" to ensure their swift release.
Tales of Yusuf Tadros
Adel Esmat (translated by Mandy McClure)
Hoopoe
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The Rub of Time: Bellow, Nabokov, Hitchens, Travolta, Trump and Other Pieces 1986-2016
Martin Amis,
Jonathan Cape
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.”
How the bonus system works
The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.
The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.
There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).
All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.
The specs
Engine: 5.2-litre twin-turbo V12
Transmission: eight-speed automatic
Power: 715bhp
Torque: 900Nm
Price: Dh1,289,376
On sale: now
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French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
The five pillars of Islam
Key recommendations
- Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
- Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
- Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
- More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press
UAE currency: the story behind the money in your pockets
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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The%20specs
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Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
Ticket prices
- Golden circle - Dh995
- Floor Standing - Dh495
- Lower Bowl Platinum - Dh95
- Lower Bowl premium - Dh795
- Lower Bowl Plus - Dh695
- Lower Bowl Standard- Dh595
- Upper Bowl Premium - Dh395
- Upper Bowl standard - Dh295
The specs: 2018 Mercedes-Benz GLA
Price, base / as tested Dh150,900 / Dh173,600
Engine 2.0L inline four-cylinder
Transmission Seven-speed automatic
Power 211hp @ 5,500rpm
Torque 350Nm @ 1,200rpm
Fuel economy, combined 6.4L / 100km