A Palestinian child inspects their tents after an Israeli military strike at an area designated as a 'safe zone' for displaced people, between Khan Yunis and Rafah, southern Gaza Strip. EPA
A Palestinian child inspects their tents after an Israeli military strike at an area designated as a 'safe zone' for displaced people, between Khan Yunis and Rafah, southern Gaza Strip. EPA
A Palestinian child inspects their tents after an Israeli military strike at an area designated as a 'safe zone' for displaced people, between Khan Yunis and Rafah, southern Gaza Strip. EPA
A Palestinian child inspects their tents after an Israeli military strike at an area designated as a 'safe zone' for displaced people, between Khan Yunis and Rafah, southern Gaza Strip. EPA

At least seven killed in latest Israeli attacks on Gaza's Al Mawasi 'safe zone'


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At least seven people were killed overnight in Israeli air strikes on tents in the Al Mawasi humanitarian zone in southern Gaza, Palestinian Wafa news agency reported on Wednesday.

Scores of others were injured and tents occupied by displaced Palestinians caught fire, local sources said.

The Israeli army declared Al Mawasi a “safe zone” and ordered civilians in Rafah to move there as it began a military offensive in the city last month.

However, the coastal area west of Rafah has been subjected to repeated Israeli attacks, resulting in dozens of casualties and widespread destruction.

Israeli warplanes and artillery also bombed Rafah's Al Saudi neighbourhood, accompanied by heavy fire from drones.

In northern Gaza, civil defence teams recovered the bodies of six people and a number of injured from under the rubble of a house hit by an air strike in the Sheikh Radwan neighbourhood of Gaza city, Wafa said.

At least 37,396 people have been killed and 85,523 injured in Gaza during more than eight months of war between Israel and the Palestinian militant group Hamas, the Health Ministry in the territory said on Wednesday.

The toll includes at least 24 deaths and 71 injuries in the past 24 hours, the ministry said.

The war was triggered by Hamas raids in southern Israel on October 7 that killed about 1,200 people. The militants also took about 250 people back to Gaza as hostages.

Israeli forces stepped up raids and arrests in the West Bank after the war began, with at least 29 Palestinians detained across the occupied territory on Wednesday, according to local and security sources.

Seventeen people were detained in the town of Ad Dahriyeh in the southern district of Hebron, and a youth in the city of Hebron, sources told Wafa news agency.

Israeli forces also stormed Askar refugee camp, east of Nablus, and detained a former prisoner who had spent 12 years in jails in Israel. Another man was detained in a raid on his home in Beit Iba village, west of Nablus.

Eight Palestinians were detained in the village of Jayyus, east of Qalqilya, and a university student in the town of Tammun in the northern West Bank.

The currency conundrum

Russ Mould, investment director at online trading platform AJ Bell, says almost every major currency has challenges right now. “The US has a huge budget deficit, the euro faces political friction and poor growth, sterling is bogged down by Brexit, China’s renminbi is hit by debt fears while slowing Chinese growth is hurting commodity exporters like Australia and Canada.”

Most countries now actively want a weak currency to make their exports more competitive. “China seems happy to let the renminbi drift lower, the Swiss are still running quantitative easing at full tilt and central bankers everywhere are actively talking down their currencies or offering only limited support," says Mr Mould.

This is a race to the bottom, and everybody wants to be a winner.

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Favourite book: Zen and the Art of Motorcycle Maintenance

Holiday choice: Anything Disney-related

Proudest achievement: Receiving a presidential award for foreign services.

Family: Wife and three children.

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Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

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Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

Updated: June 19, 2024, 12:43 PM`