GAZA CITY // Israel resumed attacks on Gaza Tuesday afternoon after Hamas failed to stop its rocket attacks in line with an Egyptian ceasefire plan.
Israeli forces had suspended strikes on the Gaza Strip in the morning in accordance with the Egyptian proposal, announced late on Monday night. However, militants in the Hamas-run enclave continued firing rockets, resulting in the first Israeli fatality.
“This would have been better resolved diplomatically, that’s what we tried to do when we accepted the Egyptian truce proposal today,” Israeli prime minister Benjamin Netanyahu said in remarks broadcast on Tuesday evening. “But Hamas leaves us no choice but to expand and intensify the campaign against it.”
There was confusion among Hamas’ ranks over the ceasefire proposal, which called for a de-escalation by both sides starting at 9am on Tuesday and a full cessation of fighting 12 hours later.
Saying they had only found out about the proposal from media reports, Hamas officials in Gaza, as well as its armed wing, refused to accept the deal.
The Ezzedine Qassam Brigades, Hamas’s militant wing, said their attacks on Israel would “increase in ferocity and intensity”.
However, on his Facebook page, the Cairo-based deputy head of Hamas’ political bureau said the group had “yet to take an official position on the initiative”.
“We’re still in consultations,” wrote Moussa Abu Marzouk.
The ceasefire proposal sought to end eight days of rocket fire from Gaza into Israel and Israeli strikes on the territory that have killed nearly 200 Palestinians and injured more than 1,400. The first Israeli fatality came on Tuesday when a rocket killed a 38-year-old man who was delivering food to soldiers. Four Israelis have also been seriously wounded.
The United Nations aid agency for Palestinians on Tuesday described the damage wrought by the Israeli offensive on Gaza as “immense”, with more than 500 homes razed.
“The level of human losses and destruction in Gaza is really immense,” said Sami Mshasha, a spokesperson for the UNRWA.
Militants in Gaza have fired more than 1,000 rockets since July 8 that have reached farther into Israel than during previous hostilities. On Tuesday, rockets from Gaza reportedly reached the northern city of Haifa, about 164 kilometres north of the besieged Palestinian territory.
The failure to agree on a ceasefire heightens the possibility that Israel, which has already mobilised 38,000 reservists, would send ground forces to invade Gaza.
The United States and other international players have urged against an ground attack on Gaza. But the US secretary of state, John Kerry, on Tuesday defended Israel and its adherence to the Egyptian truce proposal.
“I cannot condemn strongly enough the actions of Hamas in so brazenly firing rockets, in multiple numbers, in the face of a goodwill effort [to secure] a ceasefire,” said Mr Kerry.
A US senate panel also backed a defence-spending bill that would double the amount of money for Israel’s Iron Dome missile defence system. The defence bill will provide $351 million for Iron Dome, double what the Obama administration requested.
Germany’s foreign minister, Frank-Walter Steinmeier, accused Hamas of holding Gaza’s 1.7 million people “hostage” in the conflict.
“We all wish to lower the flames, we want an end to the fighting and we hope to see it soon. But there can be no compromise with terror. A ceasefire must be on these terms: No more rockets. No more terror.”
The fighting has strained a reconciliation accord achieved last month between Hamas and Fatah, which runs parts of the Israeli-occupied West Bank.
The Islamist group has also seen its ties with Cairo wane after Egypt’s military deposed Mohammed Morsi, a Muslim Brotherhood member and ally of Hamas, from the presidency last summer, and destroyed tunnels that fed cheap goods into Gaza.
Ihab Ghusain, a Hamas spokesman, called the proposed ceasefire a “conspiracy” between the Egyptian government and Israel that also included the head of the Fatah faction, Palestinian Authority president Mahmoud Abbas.
“Sadly, this includes Mahmoud Abbas,” he said.
“This is another way to give Israel a green light to continue and even expand its aggression on Gaza.”
Hamas took control of Gaza from Fatah forces in 2007. This prompted Israel to impose a siege on the territory, which Egypt has tightened after Mr Morsi’s overthrow. On Tuesday, Palestinian health minister Jawad Awad – considered close to Fatah – cancelled a trip to Gaza City’s Shifa hospital after protesters threw shoes and eggs at his car as he entered Gaza from Egypt.
Mr Ghusain said that any ceasefire with Israel had to include conditions that Hamas had made clear at the beginning of the recent round of fighting.
These include a halt to Israeli attacks on Palestinians in Gaza and the West Bank, a release of Palestinian prisoners and a lifting of the siege on Gaza.
hnaylor@thenational.ae
*Additional reporting by Reuters, Associated Press, and Agence France-Presse
FORSPOKEN
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SQUADS
South Africa:
Faf du Plessis (capt), Hashim Amla, Temba Bavuma, Farhaan Behardien, Quinton de Kock (wkt), AB de Villiers, JP Duminy, Imran Tahir, David Miller, Wayne Parnell, Dane Paterson, Andile Phehlukwayo, Dwaine Pretorius, Kagiso Rabada
Coach: Ottis Gibson
Bangladesh:
Mashrafe Mortaza (capt), Imrul Kayes, Liton Das (wkt), Mahmudullah, Mehidy Hasan, Mohammad Saifuddin, Mominul Haque, Mushfiqur Rahim (wkt), Mustafizur Rahman, Nasir Hossain, Rubel Hossain, Sabbir Rahman, Shakib Al Hasan, Soumya Sarkar, Tamim Iqbal, Taskin Ahmed.
Coach: Chandika Hathurusingha
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
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.”
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
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Wonka
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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
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