Live updates: Follow the latest news on Israel-Gaza
An Israeli strike on the southern Lebanese village of Taybeh killed its mayor on Monday evening, Lebanon's National News Agency reported, making him the latest civilian casualty of the frontier war between Israel and the Iran-backed Hezbollah militia.
An artillery shell fell directly on the 75-year-old mayor of Taybeh, Hussein Ali Mansour, as he sat on the balcony of a residence along with seven other people, Hezbollah said. The shell did not explode, but Mr Mansour was killed by its impact.
“Divine providence prevented the shell from exploding and a massacre from occurring,” Hezbollah said.
Hezbollah has been embroiled in the border conflict with Israel since October 8 in support of its ally Hamas, which governs the Gaza Strip.
The fighting continues to intensify by the day as both sides wage a war of deterrence, Hezbollah in an attempt to distract Israel from the war in Gaza, and Israel in an attempt to prevent the militia from exerting influence on the outcome of the conflict.
The conflict has not erupted into full-scale war, although daily confrontations threaten to tip the scale.
Tens of thousands of residents have been displaced on both sides of the border.
In Lebanon, at least 120 people have been killed since October 8 – most of them Hezbollah fighters, and over a dozen civilians. Israel's military says six soldiers and four civilians have been killed, although it does not typically release immediate numbers.
Hezbollah has largely fired at Israeli military sites, indicating it does not seek a broader war. Israel has meanwhile increased its rhetoric, hinting that a war with Lebanon is inevitable.
Israel would have to “to impose a new reality” on Lebanon after the end of its operations in Gaza, senior Israeli official Tzachi Hanegbi said on Sunday.
Israel “can no longer accept [Hezbollah's] Radwan force sitting on the border,” said Mr Hanegbi, who is in Prime Minister Benjamin Netanyahu's war cabinet, in an interview with Israel's Channel 12 news.
“The situation in the north must be changed. And it will change. If Hezbollah agrees to change things via diplomacy, very good. But I don't believe it will,” he added.
Mr Hanegbi's comments followed Mr Netanyahu's threat last week that the Israeli army would “turn Beirut and southern Lebanon … into Gaza and Khan Younis”.
The bio
Favourite book: Kane and Abel by Jeffrey Archer
Favourite quote: “The world makes way for the man who knows where he is going.” - Ralph Waldo Emerson, American essayist
Favourite Authors: Arab poet Abu At-Tayyib Al-Mutanabbi
Favourite Emirati food: Luqaimat, a deep-fried dough soaked in date syrup
Hobbies: Reading and drawing
Crime%20Wave
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MATCH INFO
Inter Milan 1 (Martinez 18' pen)
Juventus 2 (Dybala 4', Higuain 80')
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The Melbourne Mercer Global Pension Index
The Melbourne Mercer Global Pension Index
Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.
The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.
“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.
“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”
Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.
Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.
“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
UAE currency: the story behind the money in your pockets
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
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