Live updates: Follow the latest on Israel-Gaza
Academics at a New York City university on Wednesday started the first faculty pro-Palestine camp in support of student demands of financial divestment from companies and schools connected to Israel's war in Gaza.
Natasha Lennard, a faculty member taking part in the protest, told The National there are dozens of faculty and students at the protest camp at the New School University Centre.
"We hope to see it grow, and for similar efforts to multiply around the city and country, and deepening of the faculty solidarity that we have seen on so many campuses in recent weeks," Ms Lennard said.
There are no remaining student protest camps in New York City as of Wednesday after police cleared them at Columbia University, New York University, City College of New York and the Fashion Institute of Technology.
Forty-five people were arrested at a student-run camp at the New School last week, inspiring faculty there to "heed their calls and help finish what they started", a faculty representative organising the camp said in a statement.
Ms Lennard posted a photo of the indoor camp showing a sign that read, "Refaat Alareer Faculty Solidarity Encampment," honouring a Palestinian professor and writer killed in Gaza.
She told The National that they "hope with this small gesture, the faculty encampment honours his memory" of being a "chronicler of the violence of the Israeli regime" and a "mentor to many Palestinian writers".
Earlier on Wednesday, more than 30 demonstrators were arrested at George Washington University in the US capital when police cleared a pro-Palestinian protest camp early on Wednesday.
The arrests of 33 demonstrators occurred hours after dozens marched to the home of the university's president as city officials prepared to appear before Congress on the handling of the protest.
Washington Mayor Muriel Bowser and Metropolitan Police chief Pamela Smith were called to testify on Wednesday afternoon at the Republican-led House committee on oversight and accountability, but the hearing was cancelled after the arrests.
Representative James Comer, the committee's chairman, said he was “very pleased” that the camp had been shut down.
But majority leader Steve Scalise was more critical, saying it “shouldn’t have taken the threat of a congressional hearing for DC Mayor Bowser to finally allow DC Police to respond to George Washington University’s call for them to clear the anti-Semitic and unlawful encampments”.
“It should’ve been done on day one,” Mr Scalise said.
University administrators said in a statement: “While the university is committed to protecting students’ rights to free expression, the encampment had evolved into an unlawful activity, with participants in direct violation of multiple university policies and city regulations."
Students at universities across the country are protesting against the Israel-Gaza war and demanding that their institutions divest from companies with ties to the Israeli government and military.
A handful of “Free Gaza” signs strewn along 20th Street is all that was left of the pro-Palestine camp.
Police blocked off the area and sanitation workers threw tents and debris into rubbish lorries as the city and university worked to clear the site, where students had gathered for more than week in support of Palestine.
“I’m pretty shocked that they came in,” one student told The National.
“I didn't really think they would touch the students because it's DC.”
The fourth-year student said that from what she had seen of the demonstration, it was peaceful.
“It was pretty contained. It's just one block," she said. "They've blocked off the street.
"And compared to other universities, compared to what MPD [Metropolitan Police Department] deals with every day in DC with protests, it was very minimal.”
Parents and faculty members at George Washington and other universities in the capital spoke out against the war and the clearing of the camp, describing the demonstration as "democratic" and "beautiful".
"We have the violent use of law-enforcement agents with guns and handcuffs and batons and tear gas to destroy that [the protest] because it represented a challenge to power, and that's something that they can't tolerate," George Washington University professor Peter Calloway said.
Bassam Haddad, professor at George Mason University, said the city was "sanctioning, supporting the brutalisation of the students, when they are overwhelmingly peacefully protesting on our own campuses".
"Shameful presidents, administrators and faculty are supporting this brutalisation of students who are standing up for exactly what we taught them to stand up for."
White House press secretary Karine Jean-Pierre said in response to the clearing of the camp that “students have the right to be safe and anti-Semitism is repugnant”, repeating the administration's stance that the demonstrations had included the use of discriminatory action and violence.
Pro-Palestine protests at US universities continue – in pictures
On Tuesday President Joe Biden, marking Holocaust Remembrance Day, spoke out against anti-Semitism on campus and reaffirmed his support for Israel.
“My commitment to Israel is ironclad, even when we disagree,” Mr Biden said.
The clearing of the George Washington University camp came a day after police cleared a similar site at the University of Chicago, where dozens of tents and cardboard signs had been set up on the lawn for nine days.
“It was traumatising,” Prof Uday Jain, of the Faculty For Justice In Palestine, told CBS.
“And it's a miracle that no one was injured. It's really a miracle given the level of chaos that the police were causing.”
Meanwhile, in Massachusetts, more than 300 Harvard University faculty members signed a letter sent to interim president Alan Garber that urged his administration to negotiate with the pro-Palestine student protesters on campus, The Harvard Crimson reported.
The faculty letter came a day after Mr Garber sent a university-wide email that threatened students taking part in the camp with suspension if they did not end the protest.
And at Princeton University in New Jersey, students began a hunger strike last week in protest against the war in Gaza.
“Our hunger strike is a response to the administration's refusal to engage with our demands for dissociation and divestment from Israel,” the Princeton Israeli Apartheid Divest wrote in a release.
"We refuse to be silenced by the university administration's intimidation and repression tactics."
Biden addresses university protests – video
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Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
All or Nothing
Amazon Prime
Four stars
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UAE currency: the story behind the money in your pockets
COMPANY PROFILE
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
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Global state-owned investor ranking by size
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Monster
Directed by: Anthony Mandler
Starring: Kelvin Harrison Jr., John David Washington
3/5
%E2%80%98FSO%20Safer%E2%80%99%20-%20a%20ticking%20bomb
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Man of the Match: Djibril Sidibe (Everton)
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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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THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
The specs: 2017 Dodge Ram 1500 Laramie Longhorn
Price, base / as tested: Dhxxx
Engine: 5.7L V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 556Nm @ 3,950rpm
Fuel economy, combined: 12.7L / 100km
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
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Available: Now
ARM%20IPO%20DETAILS
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Scoreline
Syria 1-1 Australia
Syria Al Somah 85'
Australia Kruse 40'
Company%20profile
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AUSTRALIA SQUAD
Tim Paine (captain), Sean Abbott, Pat Cummins, Cameron Green, Marcus Harris, Josh Hazlewood, Travis Head, Moises Henriques, Marnus Labuschagne, Nathan Lyon, Michael Neser, James Pattinson, Will Pucovski, Steve Smith, Mitchell Starc, Mitchell Swepson, Matthew Wade, David Warner
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SERIE A FIXTURES
Saturday (All UAE kick-off times)
Lecce v SPAL (6pm)
Bologna v Genoa (9pm)
Atlanta v Roma (11.45pm)
Sunday
Udinese v Hellas Verona (3.30pm)
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Monday
AC Milan v Torino (11.45pm)
About Okadoc
Date started: Okadoc, 2018
Founder/CEO: Fodhil Benturquia
Based: Dubai, UAE
Sector: Healthcare
Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth
Funding stage: Series B fundraising round to conclude in February
Investors: Undisclosed
Scorecard
Scotland 220
K Coetzer 95, J Siddique 3-49, R Mustafa 3-35
UAE 224-3 in 43,5 overs
C Suri 67, B Hameed 63 not out