Israel faces war crimes lawsuit



Three Spanish activists who were on board the aid flotilla raided by Israeli troops in May have filed a lawsuit in Madrid against Israel for war crimes and crimes against humanity. The complaint filed at the National Court names Israeli prime minister Benjamin Netanyahu and six members of his cabinet including foreign minister Avigdor Lieberman and defence minister Ehud Barak, as well as a top military officer.

In their complaint the three wrote that the "crime committed were not an accident or an act of defence" but "assassinations carried out consciously" in response to "orders given several days earlier". Israel sparked international outrage when its commandos attacked a fleet of aid ships bound for Gaza on May 31, killing nine Turkish activists. They then forced the six ships in the convoy to dock at an Israeli port, before detaining those on board.

Israel has said the commandos opened fire after they came under attack. Meanwhile the UN has advised groups seeking to deliver aid to Gaza that they should do so by land, after Israel warned it would intercept two ships seeking to break the blockade. "There are established routes for supplies to enter by land. That is the way aid should be delivered to the people of Gaza," UN spokesman Martin Nesirky told a press briefing.

"Our stated preference has been and remains that aid should be delivered by established routes, particularly at a sensitive time in indirect proximity (peace) talks between Palestinians and Israelis," he added. He made the comments after Israel served notice its forces would prevent a planned Lebanese aid flotilla from reaching the Gaza Strip. "We have received information in recent days about a plan to send a new flotilla to break the blockade around Gaza," Israeli defence minister Ehud Barak said on Israeli television.

"This is an unnecessary provocation and we believe that preventing such a flotilla is the responsibility of the Lebanese government." "If this flotilla does leave Lebanon and refuses to be led by our navy to the (Israeli) port of Ashdod, we will have no other choice than to arrest it at sea," the minister added. "There exists a way of transferring goods, which are not weapons or material for war-like purposes, to the Gaza Strip through the port of Ashdod."

* AFP

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Power 503bhp
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The biog

Name: Younis Al Balooshi

Nationality: Emirati

Education: Doctorate degree in forensic medicine at the University of Bonn

Hobbies: Drawing and reading books about graphic design

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
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1,000 Books to Read Before You Die: A Life-Changing List
James Mustich, Workman

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Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
Fixtures

50-over match

UAE v Lancashire, starts at 10am

Champion County match

MCC v Surrey, four-day match, starting on Sunday, March 24, play starts at 10am

Both matches are at ICC Academy, Dubai Sports City. Admission is free.

The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press

The%20specs
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Dubai World Cup draw

1. Gunnevera

2. Capezzano

3. North America

4. Audible

5. Seeking The Soul

6. Pavel

7. Gronkowski

8. Axelrod

9. New Trails

10. Yoshida

11. K T Brave

12. Thunder Snow

13. Dolkong 

Company profile

Name: Tharb

Started: December 2016

Founder: Eisa Alsubousi

Based: Abu Dhabi

Sector: Luxury leather goods

Initial investment: Dh150,000 from personal savings

 

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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Transmission: Single-speed automatic

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Transmission: 9-speed automatic

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A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

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How Sputnik V works
The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5