A Unifil patrol in Israel. The organisation is investigating reports of Israeli shells landing in Lebanon. AFP
A Unifil patrol in Israel. The organisation is investigating reports of Israeli shells landing in Lebanon. AFP
A Unifil patrol in Israel. The organisation is investigating reports of Israeli shells landing in Lebanon. AFP
A Unifil patrol in Israel. The organisation is investigating reports of Israeli shells landing in Lebanon. AFP

Israeli shells fall in south Lebanon


Nada Homsi
  • English
  • Arabic

Shells fired by the Israeli army fell in a border town in south Lebanon overnight Wednesday, Lebanon's state media reported.

No casualties or injuries were reported.

"Remnants of heavy illumination shells fired by the Israeli enemy at night towards Lebanese territory were found in Bastra Farm in the liberated Shebaa Farms," Lebanon's National News Agency confirmed.

The UN's Interim Force in Lebanon (Unifil) said it was investigating the incident in the town of Wadi Khansa, in south Lebanon's Hasbaya district, after reports one of the shells had landed on a house which was under construction. Local media also reported that three other shells fell on a residential area.

"Our troops are on the ground to look into it and see whether we can verify the information. We are there with the [Lebanese army]," said Unifil spokesman Andrea Tenenti.

An Israeli Army statement said the rounds were fired towards Mount Dove, where Israel runs a military camp in the Lebanese-occupied Shebaa farms, during a routine military activity.

"The possibility that part of a projectile fell and hit a residence inside Lebanese territory is being looked into," the Israeli military statement said. "The incident is under review."

The incident comes amid Israeli reports that Israeli Prime Minister Benjamin Netanyahu has had repeated discussions with defence officials concerning accelerating readiness for a possible strike on Iran — the backer of Lebanon's Hezbollah party and paramilitary.

Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

The specs

Engine: 5.2-litre twin-turbo V12

Transmission: eight-speed automatic

Power: 715bhp

Torque: 900Nm

Price: Dh1,289,376

On sale: now

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Who is Tim-Berners Lee?

Sir Tim Berners-Lee was born in London in a household of mathematicians and computer scientists. Both his mother, Mary Lee, and father, Conway, were early computer scientists who worked on the Ferranti 1 - the world's first commercially-available, general purpose digital computer. Sir Tim studied Physics at the University of Oxford and held a series of roles developing code and building software before moving to Switzerland to work for Cern, the European Particle Physics laboratory. He developed the worldwide web code as a side project in 1989 as a global information-sharing system. After releasing the first web code in 1991, Cern made it open and free for all to use. Sir Tim now campaigns for initiatives to make sure the web remains open and accessible to all.

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Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

Updated: February 22, 2023, 1:31 PM`