Israel army says struck Hezbollah fighters inside south Lebanon mosque

Israel army says struck Hezbollah fighters inside south Lebanon mosque
Israel's military launched an intensified wave of strikes on Hezbollah strongholds around Lebanon, killing more than 1,110 people since September 23, and forcing hundreds of thousands to flee their homes in a country already mired in economic crisis. (File/AFP)
Updated 05 October 2024
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Israel army says struck Hezbollah fighters inside south Lebanon mosque

Israel army says struck Hezbollah fighters inside south Lebanon mosque

JERUSALEM: The Israeli military said Saturday its forces struck Hezbollah fighters inside a south Lebanon mosque overnight, the first such strike since clashes erupted between Israel and the militants last year.
“Overnight, with the direction of IDF (army) intelligence, the IAF (air force) struck Hezbollah terrorists who were operating within a command center that was located inside a mosque adjacent to the Salah Ghandour Hospital in southern Lebanon,” the military said in a statement.
“The command center was used by the Hezbollah terrorists to plan and execute terrorist attacks against IDF troops and the state of Israel.”
The Salah Ghandour Hospital, which is run by the Hezbollah-affiliated Islamic Health Committee, said nine of its medical and nursing staff were wounded by heavy strikes, most of them seriously, after it received an Israeli warning to evacuate.
Lebanon’s state-run National News Agency reported that the grounds of the hospital in the southern town of Bint Jbeil were “subjected to Israeli shelling.”
The hospital’s director Mohammed Sleiman told AFP it took a direct hit and was evacuated.


Saudi PIF rises to 4th among sovereign wealth funds as assets surpass $1tn 

Saudi PIF rises to 4th among sovereign wealth funds as assets surpass $1tn 
Updated 1 min 2 sec ago
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Saudi PIF rises to 4th among sovereign wealth funds as assets surpass $1tn 

Saudi PIF rises to 4th among sovereign wealth funds as assets surpass $1tn 

RIYADH: Saudi Arabia’s Public Investment Fund has rise one place to 4th globally among sovereign wealth bodies, with assets surpassing $1 trillion, according to Global SWF’s July rankings.

PIF now ranks behind only Norway’s Government Pension Fund Global and two Chinese entities — the State Administration of Foreign Exchange and the China Investment Corporation — and surpasses the Abu Dhabi Investment Authority and the Kuwait Investment Authority.

The new ranking underscores PIF’s growing influence in global capital markets. 

Crown Prince Mohammed bin Salman has mandated the fund to grow its assets to $2 trillion by 2030, while generating long-term returns and supporting economic diversification. 

PIF’s assets under management climbed to $1.15 trillion in 2024, up from approximately $925 billion the previous year. However, net profit declined during the period due to rising operational costs, interest expenses, and asset write-downs linked to project delays and revisions, according to Global SWF. 

In response, the fund has shifted its strategy and is now prioritizing liquidity through short-term sukuk and commercial paper, while focusing on scalable, revenue-generating assets over high-cost mega-projects. This repositioning also includes increased investments in AI infrastructure, ETF platforms, and co-investments with global asset managers. 

Underscoring its international ambitions, PIF has invested about $200 million in a prime Manhattan real estate project with Related Companies, Bloomberg reported in July.

The fund plans to acquire a two-thirds stake in the 625 Madison Avenue site, where a 1,200-foot tower is under consideration, just steps from Central Park. 

The move builds on PIF’s earlier ties with Related, including a 2020 debt investment, and reflects its appetite for high-profile, long-horizon real estate in strategic global cities. 

Internationally, the fund holds stakes in prominent companies such as Lucid Motors, Nintendo, Uber, and BlackRock, and remains active across sectors including technology, mobility, and renewable energy, as well as gaming and sports. 

According to Global SWF, PIF is moving away from a strategy centered on rapid capital deployment, toward a more disciplined approach focused on financial sustainability, cost control, and delivering measurable returns. 


Egypt approves largest economic support package for SMEs worth $100.8m

Egypt approves largest economic support package for SMEs worth $100.8m
Updated 22 min 20 sec ago
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Egypt approves largest economic support package for SMEs worth $100.8m

Egypt approves largest economic support package for SMEs worth $100.8m

RIYADH: Entrepreneurs in Egypt’s priority sectors will soon gain access to affordable financing, as the 2025/2026 state budget earmarks 5 billion Egyptian pounds ($100.8 million) to support micro, small, and medium-sized enterprises.

This partnership between the North African country’s Ministry of Finance and the Micro, Small, and Medium Enterprises Development Agency, which accounts for the largest economic support in the new budget, represents a significant step in bolstering the private sector and productive industries, according to a statement.

This move supports financial policies that boost private sector activity and promote entrepreneurship, aiming for financial sustainability while enhancing MSMEDA’s contribution to business growth nationwide.

It also aligns with recent data showing that startups across the Middle East and North Africa raised $289 million through 44 deals in May, a 25 percent increase from April and a 2 percent rise year-on-year. Egypt led regional fundraising with $125 million, driven by Nawy’s $75 million round alongside seven other deals totaling $50 million.

The newly released ministry statement said the money “will contribute to providing easy financing for young entrepreneurs, targeting priority sectors more closely.”

It added: “This comes as part of a new phase of strong and effective cooperation with the agency, aiming to achieve financial sustainability for the agency to drive economic growth.”

The statement further revealed that Egypt’s Finance Minister Ahmed Kouchouk noted that an initial agreement with MSMEDA has been reached to fund initiatives that support tax relief beneficiaries, promote entrepreneurship, and boost local manufacturing, as well as empower low-income households and advance export-focused projects.

Kouchouk added that this fiscal year, the initial group of businesses enrolling in the simplified and unified tax system would receive access to preferential, low-cost financing.

Basel Rahmi, CEO of MSMEDA, commended the Ministry of Finance’s efforts to back emerging businesses and boost private-sector expansion.

Rahmi praised the minister’s proactive vision, noting it would open doors for empowering young entrepreneurs economically.

In June, a statement issued by the Ministerial Group for Entrepreneurship indicated that Egypt’s startup ecosystem saw notable progress in securing venture capital and debt financing in the first five months of the year, with tracked deals totaling $228 million since January.

The statement further revealed at the time that 16 deals were completed between January and May, with 11 of them publicly disclosing investments amounting to $156 million. These investments represented a 130 percent rise compared to the volume during the same period last year.


German doctor goes on trial for 15 murders

German doctor goes on trial for 15 murders
Updated 23 min 36 sec ago
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German doctor goes on trial for 15 murders

German doctor goes on trial for 15 murders
  • Palliative care specialist alleged to have killed 12 women and three men between September 2021 and July 2024 while working in Berlin
  • The case recalls that of notorious German nurse Niels Hoegel, who was handed a life sentence in 2019 for murdering 85 patients

BERLIN: A German doctor went on trial Monday accused of killing 15 patients with lethal injections and acting as “master of life and death” over those in his care.

The 40-year-old palliative care specialist, named by German media as Johannes M., is alleged to have killed 12 women and three men between September 2021 and July 2024 while working in Berlin.

The doctor is accused of injecting the victims, aged between 25 and 94, with deadly cocktails of sedatives and in some cases setting fire to their homes in a bid to cover up his crimes.

The accused had “visited his patients under the pretext of providing medical care,” prosecutor Philipp Meyhoefer said at the opening of the trial at the state court in Berlin.

Johannes M. had organized “home visits, already with the intention of killing” and exploited his patients’ trust in him as a doctor, Meyhoefer said.

“He acted with disregard for life... and behaved as the master of life and death.”

A co-worker first raised the alarm over Johannes M. last July after becoming suspicious that so many of his patients had died in fires, according to Die Zeit newspaper.

He was arrested in August, with prosecutors initially linking him to four deaths.

But subsequent investigations uncovered a host of other suspicious cases, and in April prosecutors charged Johannes M. with 15 counts of murder.

A further 96 cases were still being investigated, a prosecution spokesman said, including the death of Johannes M.’s mother-in-law.

She had been suffering from cancer and mysteriously died the same weekend that Johannes M. and his wife went to visit her in Poland in early 2024, according to media reports.

The suspect reportedly trained as a radiologist and a general practitioner before going on to specialize in palliative care.

According to Die Zeit, he submitted a doctoral thesis in 2013 looking into the motives behind a series of killings in Frankfurt, which opened with the words “Why do people kill?”

In the charges brought against Johannes M., prosecutors said the doctor had “administered an anesthetic and a muscle relaxant to his patients... without their knowledge or consent.”

The relaxant “paralyzed the respiratory muscles, leading to respiratory arrest and death within minutes.”

In five cases, Johannes M. allegedly set fire to the victims’ apartments after administering the injections.

On one occasion, he is accused of murdering two patients on the same day.

On the morning of July 8, 2024, he allegedly killed a 75-year-old man at his home in the Berlin district of Kreuzberg.

“A few hours later” he is said to have struck again, killing a 76-year-old woman in the neighboring Neukoelln district.

Prosecutors say he started a fire in the woman’s apartment, but it went out.

“When he realized this, he allegedly informed a relative of the woman and claimed that he was standing in front of her flat and that nobody was answering the doorbell,” prosecutors said.

In another case, Johannes M. “falsely claimed to have already begun resuscitation efforts” on a 56-year-old victim, who was initially kept alive by rescuers but died three days later in hospital.

Prosecutors said he had “no motive beyond killing” and are seeking a life sentence.

The case recalls that of notorious German nurse Niels Hoegel, who was handed a life sentence in 2019 for murdering 85 patients.

Hoegel, believed to be modern Germany’s most prolific serial killer, murdered hospital patients with lethal injections between 2000 and 2005, before he was eventually caught in the act.

More recently, a 27-year-old nurse was given a life sentence in 2023 for murdering two patients by deliberately administering unprescribed drugs.

In March, another nurse went on trial in Aachen accused of injecting 26 patients with large doses of sedatives or painkillers, resulting in nine deaths.

Last week, German police revealed they are investigating another doctor suspected of killing several mainly elderly patients.

Investigators are “reviewing” deaths linked to the doctor from the town of Pinneberg in northern Germany, just outside Hamburg, police and prosecutors said.


Six Syrian security personnel killed after deploying to quell sectarian clashes, source says

Six Syrian security personnel killed after deploying to quell sectarian clashes, source says
Updated 45 sec ago
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Six Syrian security personnel killed after deploying to quell sectarian clashes, source says

Six Syrian security personnel killed after deploying to quell sectarian clashes, source says
  • Fighting between Druze militiamen and Bedouin tribal fighters was the first time that sectarian violence erupted inside the city of Sweida itself

DAMASCUS: Six members of Syria’s security forces have been killed in the predominantly Druze city of Sweida, a security source told Reuters, after they deployed to halt deadly sectarian clashes that local media reported had resumed on Monday.
Sunday’s fighting between Druze militiamen and Bedouin tribal fighters was the first time that sectarian violence erupted inside the city of Sweida itself, following months of tensions in the broader province.
The fighting left 30 people dead and prompted Syria’s security forces to deploy units to the city to restore calm and guarantee safe passage for civilians looking to leave, the defense ministry said in a statement.
But intense clashes broke out again on Monday, local news outlet Sweida24 reported. At least six Syrian troops were subsequently killed, a defense ministry source told Reuters.
It marked the latest episode of sectarian bloodshed in Syria, where fears among minority groups have surged since Islamist-led rebels toppled President Bashar Assad in December, installing their own government and security forces.
Sunni Muslim Arab rebel groups which fought Assad during the war agreed in December to dissolve into the defense ministry but efforts to integrate armed factions from minority groups — including Druze and Kurds — have largely stalled.
In southern Syria, efforts have been further complicated by Israel’s stated policy that it would not allow Syria’s new army to deploy south of Damascus and that Sweida and neighboring provinces should make up a demilitarized zone.
Interior Minister Anas Khattab said in a written statement carried on state media that the “absence of state institutions, especially military and security institutions, is a major cause of the ongoing tensions in Sweida and its countryside.”
Sunday’s violence erupted after a wave of kidnappings, including the abduction of a Druze merchant on Friday on the highway linking Damascus to Sweida, witnesses said.


Muhammad Waseem leads UAE in Pearl of Africa T20I Series in Uganda

Muhammad Waseem leads UAE in Pearl of Africa T20I Series in Uganda
Updated 31 min 12 sec ago
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Muhammad Waseem leads UAE in Pearl of Africa T20I Series in Uganda

Muhammad Waseem leads UAE in Pearl of Africa T20I Series in Uganda
  • UAE to play Kenya in their opening match on Friday

DUBAI: Opening batter Muhammad Waseem is to lead the 14-member UAE squad in the Pearl of Africa T20I Series at the Entebbe Cricket Oval in Uganda.

The UAE will be playing the hosts Uganda, along with Kenya, and Nigeria, in the series, with six matches in the league stage, two against each opponent.

The team to finish at the top of the table at the end of the league stage will be declared the tournament’s winner, with the UAE playing Kenya in their opening match on Friday.

The UAE’s squad: Muhammad Waseem (captain), Akif Raja, Alishan Sharafu, Aryansh Sharma, Asif Khan, Dhruv Parashar, Ethan D’Souza, Haider Ali, Matiullah Khan, Muhammad Zohaib, Muhammad Zuhaib, Rahul Chopra, Rohid Khan, and Saghir Khan.

The UAE’s matches in the Pearl of Africa T20I Series:

July 18: UAE v Kenya (Entebbe Cricket Oval).

July 19: Uganda v UAE (Entebbe Cricket Oval).

July 21: Nigeria v UAE (Entebbe Cricket Oval).

July 23: Kenya v UAE (Entebbe Cricket Oval).

July 26: UAE v Nigeria (Entebbe Cricket Oval).

July 27: UAE v Uganda (Entebbe Cricket Oval).