The fight against ISIL targets its fighters, shown here, but also its sources of income. Photo: Reuters
The fight against ISIL targets its fighters, shown here, but also its sources of income. Photo: Reuters

A second front opens in the war to stop ISIL



When the threat of ISIL is eventually neutralised, those who deserve credit will include far more than just those clad in military fatigues. The nature of modern warfare – and particularly against militant extremist groups such as ISIL – requires not just military might but also cutting off sources of funding.

Those clad in officewear also serve on the front line of the war against terror through the parallel campaign to choke ISIL's sources of funding. As The National reported yesterday, these two fronts combined when coalition warplanes bombed oil facilities the group controls to reduce its sources of income. The fact that the Assad regime is often the buyer of oil from ISIL, as columnist Hassan Hassan noted, serves as yet more proof that the regime actively facilitated the rise of militant groups in the civil war.

This approach recognises that one of ISIL’s strengths – a reported force of 30,000 fighters at its disposal – is also a strategic weakness. Such a force requires a huge and sophisticated support system to be functional, both in terms of money and resources. Although ISIL has taken over Iraqi army bases in Mosul and elsewhere, the reality is it cannot survive purely on plundered munitions. It also needs significant sums of money.

With an influx of fighters attracted by its success, ISIL is certain to be experiencing growing pains because of an excess of jihadis and a deficit of those capable of keeping them supplied with everything they need. Some analysts, such as Hussein Ibish in these pages yesterday, have expressed their belief that the group has already over-reached itself.

The second front in the fight against ISIL is designed to exploit this vulnerability. Besides destroying the group’s ability to generate money from oil production, attempts to cut off donations to it are also beginning to pay dividends. This includes Kuwait’s newly-created financial intelligence unit and enforcement of Qatar’s new law regulating charitable contributions to ensure none is channelling funds that will eventually swell ISIL’s coffers.

The US-led coalition that formed to fight ISIL was repeatedly advised that its mission could not succeed through air strikes alone. That is true, but the gains that can be reaped by cutting off the group’s funding is an important factor entirely separate to questions about the need for boots on the ground but equally important to destroying the group’s capability.

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013