Riots hit Israeli city during Yom Kippur



Cars and stores were damaged as Jews and Arabs clashed in the Israeli city of Acre after an Arab man was assaulted for driving during Yom Kippur, the Haaretz newpaper reported today. The unrest erupted around midnight, several hours after Jews began marking Yom Kippur, the Day of Atonement, the holiest observance in the Jewish calendar, when Israel comes to a virtual standstill. A group of Jewish youths assaulted an Arab man who was driving his car, in an incident that touched off large-scale rioting between Jews and Arabs, resulting in extensive damage to dozens of cars and shops, Haaretz said in its internet edition.

Police used force to disperse the crowd of several hundred peoples, the newspaper said, citing police officials. About one third of Acre's population of almost 50,000 residents are Arab. Arab MPs have for years asked security forces to take tougher action to prevent Jews from stoning cars driven by Arabs on Yom Kippur. One of them, Abbas Zkoor, said such attacks occurred frequently. "Despite numerous complaints filed in police stations, officers were not sent to disperse the racist gatherings," Mr Zkoor said.

He called on religious authorities to condemn such behaviour, which he said "surely contravenes the basic principles of the Jewish religion". Israel came to a virtual standstill as the country marked Yom Kippur, which started at sunset yesterday and was to end this evening. Public transport and air traffic stopped, as did television and radio programming, while schools and offices - including the Tel Aviv stock exchange - were closed. Pedestrians, skaters and cyclists took over the car-free roads.

Police stepped up security measures and the military shut down the Israeli occupied West Bank. *AFP

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Director: Matty Brown

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

Rating: 2.5/5

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Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Engine: Long-range single or dual motor with 200kW or 400kW battery
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Transmission: Single-speed automatic
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Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
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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
The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

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Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

MATCH INFO

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Started: August 2020
Founder: Areej Selmi
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Sectors: Internet, e-commerce
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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

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Rating: 3.5/5

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The specs
 
Engine: 3.0-litre six-cylinder turbo
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Fuel economy, combined: 6.5L/100km
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Price: From Dh330,000 (estimate)
Key facilities
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  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
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  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills