A Palestinian protester throws back an Israeli tear-gas canister during near the border with Israel in the northern Gaza Strip. Mohammed Saber / EPA
A Palestinian protester throws back an Israeli tear-gas canister during near the border with Israel in the northern Gaza Strip. Mohammed Saber / EPA

Israel is plumbing new lows of brutality



Yaser Murtaja was a young, enthusiastic photojournalist dedicated to shedding truth and light in the toughest of circumstances. Despite wearing a flak jacket clearly marked "press", he was shot down while trying to do his job, reporting on protests near the Gaza border. The coldblooded killing of Murtaja, with a bullet aimed at a part of his body not covered by his protection gear, was just one of 29 murders of Palestinians by Israeli soldiers in a week of escalating violence and brutality.

If any further evidence was needed of the oppressive force with which Israeli forces are attempting to stamp out any opposition, it was the disturbing footage last week of a Palestinian teenager being shot in the back by an Israeli sniper while running away from the Gaza buffer zone. More than 400 Palestinians were taken to hospital on Friday and a 16-year-old was killed.

The Israeli army is murdering Palestinian fighting for their rights while the world panders to the architects of a US-backed illegal occupation. With a seven-year war in Syria and a three-year war engulfing Yemen, it is all too easy to forget that for the past 70 years, Israel has been a relentless aggressor and brutalising force, determined to eradicate Palestinians' right to a homeland. Israeli Prime Minister Benjamin Netanyahu is just one in a long line of Israeli leaders buoyed by the impunity afforded them by an international community which fails to hold them accountable. So lacking is his moral compass that when, in a rare glimpse of something resembling humanitarianism, he offered to relocate about 37,000 African migrants trapped in Israel, he almost immediately bowed to pressure from the far right and scrapped the deal with the UN Refugee Agency because it would involve some of them being rehomed within Israel. So toxic and entitled has the Israeli political system become that a rare hint of any humanity sparks a public outcry. In this skewed version of morality, those in power instead heap praise on Israeli snipers who shoot at the innocent and vulnerable. Stone-throwing protesters are met with searing tear gas and live ammunition. Yet despite a week of relentless violence, world powers have failed to act. Expressing shock and revulsion at the deaths of the likes of Murtaja is not enough. Actions speak louder than mere words posted on social media. There are currently 350 Palestinian children in detention, according to Amnesty International, as Israel plummets to new lows to degrade Palestinians and punish the defenceless.

The latest murderous escalation comes a month before the anniversary of Al Nakba, when Israel's creation in 1948 forced more than 700,000 Palestinians from their homes. That anniversary will be marked by US President Donald Trump acting on his vow to relocate the US embassy from Tel Aviv to Jerusalem. Last week the same Trump administration blocked a call by Kuwait for an independent investigation into the Gaza murders at the UN Security Council. As long as Israel has those who kowtow to its mercenary behaviour, its persecution of innocents will never stop.

The Cairo Statement

 1: Commit to countering all types of terrorism and extremism in all their manifestations

2: Denounce violence and the rhetoric of hatred

3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC  

4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.

5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.

6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security

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.”

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

Awar Qalb

Director: Jamal Salem

Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman

Two stars

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
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On sale: Now

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

The past Palme d'Or winners

2018 Shoplifters, Hirokazu Kore-eda

2017 The Square, Ruben Ostlund

2016 I, Daniel Blake, Ken Loach

2015 DheepanJacques Audiard

2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan

2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux

2012 Amour, Michael Haneke

2011 The Tree of LifeTerrence Malick

2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul

2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke

2008 The Class (Entre les murs), Laurent Cantet

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Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
What is a calorie?

A food calorie, or kilocalorie, is a measure of nutritional energy generated from what is consumed.

One calorie, is the amount of heat needed to raise the temperature of 1 kilogram of water by 1°C.

A kilocalorie represents a 1,000 true calories of energy.

Energy density figures are often quoted as calories per serving, with one gram of fat in food containing nine calories, and a gram of protein or carbohydrate providing about four.

Alcohol contains about seven calories a gram. 

States of Passion by Nihad Sirees,
Pushkin Press