JERUSALEM // Tensions simmered on Wednesday as police shot dead a suspect in southern Israel who stabbed a soldier and stole his weapon.
The incident came shortly after a Palestinian woman was shot and seriously wounded by an Israeli man whom she stabbed in Jerusalem’s Old City.
A day earlier, Israel lifted measures preventing non-resident Palestinians from entering Jerusalem’s Old City. The tight security measures were imposed following a series of deadly Palestinian attacks.
Israeli prime minister Benjamin Netanyahu postponed a visit to Germany set for Thursday to tackle the violence that has raged for three weeks despite appeals for calm.
Security officials from the two sides had met on Tuesday after the Palestinian president Mahmoud Abbas said he did not want a violent escalation.
A suspect got off a bus in the city of Kiryat Gat on Wednesday and then stabbed a soldier while taking his weapon, according to police spokesman Micky Rosenfeld. He said police tracked him down as he fled into a residential building, and shot him dead. The suspect’s identity was not yet clear but that police were treating the incident as a terrorist attack.
Separately, an 18-year-old woman in Jerusalem stabbed an Israeli man from behind, lightly wounding him, said police spokeswoman Luba Samri. The man drew his gun and fired, wounding her seriously. Both were taken to a hospital.
The attack took place near the site where a Palestinian stabbed an Israeli man to death and wounded his wife and toddler on Saturday, according to Israel’s Channel 2 TV.The unprecedented measure imposed on Sunday barring Palestinians who did not live in the Old City from entering was lifted on Tuesday evening “following security assessments” .
The ban did not apply to Palestinians who live, work and study within the Old City, or Israelis or tourists.
Israel has beefed up its forces in Jerusalem and the West Bank since the current unrest began about three weeks ago. Mr Netanyahu is under intense domestic pressure to do more.
Four Israelis were killed last week in shooting and stabbing attacks in Jerusalem and the West Bank, while Israeli forces have killed four Palestinians, including a 13-year-old boy, amid violent protests.
Hundreds of Palestinians have been hurt in several days of clashes, according to the Red Crescent medical service, including dozens struck by rubber bullets and some by live fire. Most of the wounded were treated for tear gas inhalation.
Another measure banning men under the age of 50 from entering the Al Aqsa mosque compound for prayers was also lifted. Israel has imposed the ban at times of unrest in the past as it is mostly young Palestinian men who take part in the violence.
The hilltop compound has been at the heart of the recent tensions. It is revered by Muslims as the place where the Prophet Mohammed ascended to heaven and by Jews as the site of the two Jewish biblical Temples.
Many Palestinians believe that Israel is trying to expand a Jewish presence at the site. There have been several days of clashes at the site over the past few weeks as Palestinians barricaded themselves inside the Al Aqsa mosque, reportedly hurling stones, firebombs and fireworks at police.
The unrest later spread to Arab neighbourhoods of East Jerusalem and the West Bank, and on Tuesday there were disturbances in Jaffa, a largely Arab area of Tel Aviv.On Wednesday, the violence appeared to spread south.
Mr Abbas, fed up with years of diplomatic paralysis and unpopular with his public, does not want to appear to be caving in to Israeli pressure. But on Tuesday he called for calm and said his people had no interest in further escalation.
Mr Netanyahu has warned he will use a “strong hand” to quell the violence.
Earlier, a relative of one of five Palestinians arrested by Israel over the killing of an Israeli couple in the West Bank said troops took measurements of their homes in an apparent prelude to demolishing them. Ayman Masri, whose nephew was among those arrested, said Israeli troops raided five homes in the West Bank city of Nablus on Wednesday. Palestinian official Qadura Fares said another five were raided elsewhere.
On Tuesday Israel demolished homes that belonged to the families of a man who killed four worshippers and a police officer in a Jerusalem synagogue last year, and a second attacker who killed one person when he rammed a bulldozer into traffic. Both men were shot dead following the attacks. Israel says it carries out such demolitions to deter future attacks.
* Associated Press and Agence France-Presse
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
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.”
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
THE SPECS
Cadillac XT6 2020 Premium Luxury
Engine: 3.6L V-6
Transmission: nine-speed automatic
Power: 310hp
Torque: 367Nm
Price: Dh280,000
Results
1. Mathieu van der Poel (NED) Alpecin-Fenix - 3:45:47
2. David Dekker (NED) Jumbo-Visma - same time
3. Michael Morkov (DEN) Deceuninck-QuickStep
4. Emils Liepins (LAT) Trek-Segafredo
5. Elia Viviani (ITA) Cofidis
6. Tadej Pogacar (SLO UAE Team Emirates
7. Anthony Roux (FRA) Groupama-FDJ
8. Chris Harper (AUS) Jumbo-Visma - 0:00:03
9. Joao Almeida (POR) Deceuninck-QuickStep
10. Fausto Masnada (ITA) Deceuninck-QuickStep
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Match info
Athletic Bilbao 0
Real Madrid 1 (Ramos 73' pen)
'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
Pakistan World Cup squad
Sarfraz Ahmed (c), Fakhar Zaman, Imam-ul-Haq, Abid Ali, Babar Azam, Haris Sohail, Shoaib Malik, Mohammad Hafeez(subject to fitness), Imad Wasim, Shadab Khan, Hasan Ali, Faheem Ashraf, Junaid Khan, Shaheen Shah Afridi, Mohammad Hasnain
Two additions for England ODIs: Mohammad Amir and Asif Ali
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FOLD5
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THE DETAILS
Director: Milan Jhaveri
Producer: Emmay Entertainment and T-Series
Cast: John Abraham, Manoj Bajpayee
Rating: 2/5
Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)