JERUSALEM // Israel yesterday published tenders for more than 1,200 new homes in settlement neighbourhoods of east Jerusalem, drawing fire from Palestinians who said it made them more determined to seek greater UN status.
The Israeli watchdog group Peace Now, citing documents published by the Israeli housing ministry, said tenders were offered for 607 units in Pisgat Zeev and 606 units in Ramot, both in east Jerusalem.
It added that 72 units were re-offered in the West Bank settlement of Ariel.
Peace Now, which opposes Israeli settlement in the West Bank and east Jerusalem, slammed the new tenders, noting that they come after the Palestinian Authority president Mahmoud Abbas reiterated his commitment to peace negotiations in an interview with Israeli television.
"Abbas declared again his strong commitment to the two state solution, and [the Israeli prime minister Benjamin] Netanyahu replied with thousands of new units in settlements," the group said.
It accused the Israeli government of timing the announcement as Americans go to the polls in a closely-watched presidential election.
"It seems that Netanyahu is afraid of the new administration that is being elected today in the US, and he has chosen the day of election to publish the tenders so that there will be the least public attention to his action."
The Palestinians also condemned the announcement, saying it illustrated why they plan to approach the United Nations to seek non-member status at the General Assembly this month.
"We condemn these new settlement decisions and the continuing settlement policy of the Israeli occupation government is what is motivating us to claim our full rights by going to the UN to achieve non-member status," Mr Abbas's spokesman Nabil Abu Rudeina said.
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War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
How to get exposure to gold
Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.
A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.
Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.
Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.
London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long
However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.
The specs
Engine: 2.9-litre, V6 twin-turbo
Transmission: seven-speed PDK dual clutch automatic
Power: 375bhp
Torque: 520Nm
Price: Dh332,800
On sale: now
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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GROUPS AND FIXTURES
Group A
UAE, Italy, Japan, Spain
Group B
Egypt, Iran, Mexico, Russia
Tuesday
4.15pm: Italy v Japan
5.30pm: Spain v UAE
6.45pm: Egypt v Russia
8pm: Iran v Mexico
The biog
Name: Fareed Lafta
Age: 40
From: Baghdad, Iraq
Mission: Promote world peace
Favourite poet: Al Mutanabbi
Role models: His parents
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5