A Palestinian man shows the V-sign for victory after landing at Damascus airport yesterday. He is one of more than 1,000 prisoners to be released by Israel in exchange for the soldier Gilad Shalit.
A Palestinian man shows the V-sign for victory after landing at Damascus airport yesterday. He is one of more than 1,000 prisoners to be released by Israel in exchange for the soldier Gilad Shalit.

Dh7,000 for each freed Palestinian



GAZA // Hamas will give Dh7,340 to each detainee released by Israel to Gaza under a landmark prisoner exchange deal.

"It has been decided that to honour the freed prisoners, each of them will be given US$2,000," said a statement from the office of Ismail Haniyeh, the head of the Hamas government.

Hundreds of freed Palestinians tasted their first full day of freedom yesterday, with both sides mulling their gains - and losses - after the prisoner swap with the Israeli soldier Gilad Shalit.

Tuesday marked the successful completion of the first stage of a prisoner exchange agreement between Hamas and Israel in which 477 Palestinians were released and Mr Shalit went home after five years in Hamas captivity.

The scenes of tearful jubilation were played out hundreds of times over in the Palestinian Territories as families were reunited with their loved ones.

Among the Palestinians freed, 15 of them arrived in Doha yesterday.

The released prisoners landed in the Qatari capital on a chartered plane at 3am and were greeted by the deputy prime minister, Ahmad Abdullah Mahmoud. The prisoners were taken to a hotel and were expected to undergo medical check-ups later.

Israel will eventually have handed over 1,027 prisoners in exchange for Mr Shalit - more than ever before. "Yesterday was one of those rare days in which happiness, the exact same happiness, reigned in both Gaza and Galilee," wrote the Haaretz newspaper columnist Gideon Levy.

Many Israeli commentators yesterday discussed Tuesday's unusual sight of green Hamas flags flying in the West Bank.

They also noted the huge boost the deal had given to the Islamist movement - and the trouble it could spell for Israel.

"The day after is a day for deep and rational soul-searching. And there is no time. The kidnapping of the next Israeli is not a question of if, it is a question of when," wrote Yediot Aharonot's military commentator, Alex Fishman.

Meanwhile, in Cairo, an Egyptian journalist who was accused by an Israeli official of violating "all the basic ethical rules of journalism" by interviewing Mr Shalit just moments after he was released denied she pressured him into doing the interview.

Shahira Amin - celebrated in Egypt for quitting her job as a state television reporter during the uprising that led to the removal of the president, Hosni Mubarak, in February - conducted Tuesday's interview for the state-owned Nile Television.

Ms Amin told an Egyptian chat show yesterday that she had asked Mr Shalit to do the interview and he consented.

The discussion was conducted on the no-man's-land in the Rafah border crossing between Gaza and Egypt, she said.

Mr Shalit was accompanied by Hamas members and Egyptian intelligence agents.

"He was tired. I sat with him at first for two minutes and said, 'I understand you want to see your parents as soon as possible and don't want to give interviews, but the world wants to know how you are doing so don't deprive us of some words.'

"If he refused, we wouldn't have pressured him." The Egyptian Gazette, a government-owned English daily, reported on its website yesterday that the head of Egypt's state television had also said that no one had forced Mr Shalit to do the interview with Ms Amin after his release.

* Agence France-Presse

@For more on the PALESTINIAN TERRITORIES, visit thenational.ae/topics

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Yuki Means Happiness
Alison Jean Lester
John Murray 

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'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

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

Day 3, Dubai Test: At a glance

Moment of the day Lahiru Gamage, the Sri Lanka pace bowler, has had to play a lot of cricket to earn a shot at the top level. The 29-year-old debutant first played a first-class game 11 years ago. His first Test wicket was one to savour, bowling Pakistan opener Shan Masood through the gate. It set the rot in motion for Pakistan’s batting.

Stat of the day – 73 Haris Sohail took 73 balls to hit a boundary. Which is a peculiar quirk, given the aggressive intent he showed from the off. Pakistan’s batsmen were implored to attack Rangana Herath after their implosion against his left-arm spin in Abu Dhabi. Haris did his best to oblige, smacking the second ball he faced for a huge straight six.

The verdict One year ago, when Pakistan played their first day-night Test at this ground, they held a 222-run lead over West Indies on first innings. The away side still pushed their hosts relatively close on the final night. With the opposite almost exactly the case this time around, Pakistan still have to hope they can salvage a win from somewhere.

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

Dubai World Cup Carnival card

6.30pm: UAE 1000 Guineas Trial Conditions (TB) US$100,000 (Dirt) 1,400m

7.05pm: Handicap (TB) $135,000 (Turf) 1,000m

7.40pm: Handicap (TB) $175,000 (D) 1,900m

8.15pm: Meydan Challenge Listed Handicap (TB) $175,000 (T) 1,400m

8.50pm: Dubai Stakes Group 3 (TB) $200,000 (D) 1,200m

9.25pm: Dubai Racing Club Classic Listed Handicap (TB) $175,000 (T) 2,410m

The National selections

6.30pm: Final Song

7.05pm: Pocket Dynamo

7.40pm: Dubai Icon

8.15pm: Dubai Legacy

8.50pm: Drafted

9.25pm: Lucius Tiberius

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Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

'Nope'
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Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”


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