Abbas, Olmert to meet amid fresh fighting



RAMALLAH, WEST BANK // A Palestinian official says the Palestinian president will meet with the outgoing Israeli prime minister on Monday and raise his concern about renewed Gaza fighting. The announcement came as militants in Gaza early today fired a rocket against Israel, the army said, while Palestinian medics say two Palestinians have been killed in the northern Gaza Strip by an Israeli air strike, although the Israeli army says it did not fire at them. The militant group Popular Resistance Committees says one of the dead was a member. The identity of the other man has not been confirmed. The conflicting reports highlight growing tensions between Israel and Palestinians as a five-month Gaza truce is unravelling. The cease-fire began to deteriorate last week. The fighting has killed 12 Gaza militants. Some 140 rockets, missiles and mortars have been fired from Gaza at Israel. The negotiator Saeb Erekat said today that the president Mahmoud Abbas will also bring up continued Israeli settlement expansion in his talks with the Prime Minister Ehud Olmert.

The two leaders have met regularly for the past year as part of US-backed peace talks. However, all sides have acknowledged that they will miss the end-of-year target for a peace deal. Mr Erekat says the two leaders will continue meeting to talk about bilateral concerns. Mr Olmert has three months left in office. Today's fresh fighting came amid growing warnings of a looming humanitarian crisis in the blockaded Hamas-ruled territory. The rocket, which was fired by Palestinian militants in northern Gaza Strip, caused no damage nor casualties, an army spokeswoman said. The rocket fire followed 11 days of tit-for-tat skirmishes that have rocked the fragile five-month-old truce prompted Israel on Nov 5 to seal off its crossings with Gaza, the territory's sole gateway for vital goods. The Israeli government yesterday ordered that the crossings remain closed after militants fired heavy rockets against the city of Ashqelon. A range of international organisations and rights movements have urged Israel to ease its punishing blockade on Gaza and to allow food convoys and to resume fuel supplies to the impoverished territory. The UN Secretary General Ban Ki-moon "is deeply concerned at the deterioration of the humanitarian and security situation in Gaza and southern Israel. He calls on all parties to uphold international humanitarian and human rights law," a UN statement said. Israel imposed a blockade of Gaza after the Islamist Hamas movement seized control of the territory in June 2007.

*AP/AFP

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Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
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Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

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The Freedom Artist

By Ben Okri (Head of Zeus)

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

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Director: Neeraj Pandey

Rating: 2.5/5

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Producers: KRTI Productions, T-Series
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