For the Arab world, Osama bin Laden's death marks a line in the sand.
For the Arab world, Osama bin Laden's death marks a line in the sand.

Osama bin Laden dead: US president Obama



WASHINGTON // Osama Bin Laden, the founder of al Qa'eda, has been killed by US forces, 10 years after the deadly attacks on the World Trade Center and Pentagon that were carried out under his direction.

Bin Laden was killed during a US ground forces operation that targeted his compound in Abadabad, Pakistan. His body has been taken into US custody.

Osama bin Laden: US president Barack Obama has announced that the world's most wanted terrorist has been killed

Last Updated: May 2, 2010

Osama bin Laden buried at sea: US official

Islamic practice calls for the body to be buried within 24 hours and finding a country willing to accept the remains would have been difficult, the official said.

Osama bin Laden obituary

Bin Laden used a family inheritance to build the global terrorist network that killed almost 3,000 people in September 11, 2011.

Quoting an unnamed senior Obama administration official, the Reuters news agency reported that three people besides bin Laden were killed in the attack, including one of the al Qa'eda leader's adult son.

No American forces were killed in the operation.

Speaking late on Sunday night to the American people, Barack Obama, the US president said, "Tonight, I can report to the American people and to the world that the United States has conducted an operation that killed Osama bin Laden, the leader of al Qaeda, and a terrorist who's responsible for the murder of thousands of innocent men, women, and children."

Large crowds of Americans gathered around the West gate of the White House late Sunday night, and into early Monday morning, in exuberance over the death of Mr Bin Laden. They chanted, "Obama got Osama."

Last August the US government received intelligence that allowed it to focus in on the Abadabad compound, and yesterday, after months of intelligence gathering, Mr Obama gave the order for US forces to attack the compound.

"Tonight we can say... Justice has been done," Mr Obama said.

The death of al Qa'eda's leader comes just months before the tenth anniversary of the Sept. 11 attacks that killed more than 3,000 people. The attacks set off a chain of events that led the United States into wars in Afghanistan, and then Iraq, and America's entire intelligence apparatus was overhauled to counter the threat of more terror attacks at home.

Al Qa'eda was also blamed for the 1998 bombings of two U.S. embassies in Africa that killed 231 people and the 2000 attack on the USS Cole that killed 17 American sailors in Yemen, as well as countless other plots, some successful and some foiled.

A Cat, A Man, and Two Women
Junichiro
Tamizaki
Translated by Paul McCarthy
Daunt Books 

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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