Pakistan targets Taliban leader



In an editorial in Pakistan's Dawn newspaper on Sunday, in reference to the amir of Tehrik-i-Taliban Pakistan said: "As long as he is alive and free, he has the will and capability to cause mayhem all over the country. The state simply cannot fail to eliminate Baitullah Mehsud and his network." Public opinion in Pakistan has become increasingly negative towards the Taliban over the last two years but most Pakistanis still do not trust the United States and President Barack Obama, a poll showed on Wednesday. The WorldPublicOpinion.org poll, conducted in May while Pakistan's army fought the Taliban in the Swat Valley, found that most Pakistanis regard the Pakistani Taliban and al Q'aeda as a critical threat to their nation. Those Pakistanis who view militants and local Taliban as a critical threat had risen to 81 per cent, up from 34 per cent in a similar poll in late 2007, the University of Maryland polling project found. Bloomberg reported: "US officials 'worry Pakistan may be biting off too much' by attacking Taliban chief Baitullah Mehsud in the mountains of South Waziristan before defeating militants in the less-remote Swat Valley, said Daniel Markey, South Asia specialist at the Council on Foreign Relations in Washington. "Pakistan's ability to fight on a second front before gains in Swat are consolidated is a cause for concern, said a State Department official dealing with South Asia, who spoke on condition of anonymity. The US wants to see Pakistan restore sufficient control in Waziristan to counter Islamic extremism, the official said. "That goal is unlikely to be met, according to analysts. If Mehsud can be captured or killed, he would likely be replaced by Taliban leaders even more eager to fight US forces in neighbouring Afghanistan, Markey said in a telephone interview. "President Barack Obama says the Taliban's influence in a nuclear-armed state, and their hosting of al Qa'eda forces in Pakistan's northwest, form the greatest security threat to Americans. 'Waziristan is at the centre of the fight' to reverse that influence, said Talat Masood, a political consultant and retired army lieutenant general in Islamabad." McClatchy Newspapers reported: "A militant commander in northwest Pakistan tore up a peace deal with the Pakistani government Tuesday, dealing a major blow to the government's campaign against Islamist insurgents in the extremist-controlled Waziristan region. "The commander, Gul Bahadur, who heads the Pakistani Taliban in North Waziristan, ended his pact with Islamabad and threatened more attacks on the army after an assault on a military convoy in his area Sunday claimed the lives of at least 16 soldiers. "Pakistan's military had sought to confine the battle in Waziristan to warlord Baitullah Mehsud, a rival of Bahadur and an ally of al Qa'eda who's led the militant takeovers of several other regions in northwest Pakistan, but now it finds itself facing both Baitullah Mehsud and Bahadur, as well as a third Taliban commander in the region bordering Afghanistan. Maulvi Nazir, an ally of Bahadur, also announced the end of a peace agreement with Pakistan in recent days." The Independent reported on the death of Qari Zainuddin, which has opened a window on a complicated, controversial and perilous element of the battle against militants inside Pakistan. Mr Zainuddin had been killed by an assassin apparently dispatched by Taliban leader Baitullah Mehsud. "Mr Zainuddin, himself a Taliban leader who supported al Qa'eda and jihad against Western troops in Afghanistan, had recently been recruited by the Pakistani authorities to join their battle to kill Baitullah Mehsud, who has emerged as the country's deadliest militant. In essence, Islamabad is recruiting anti-American fighters to bolster a joint US-Pakistani operation. "The arrangement underlines the competing strategic priorities in the region for Pakistan and the US, even as their leaders opt in public for the language of common interests and shared enemies. 'Pakistan just wants to concentrate on the Pakistani Taliban. They do not want to go after the Afghan Taliban,' said Giles Dorronosoro, a regional expert at the Carnegie Endowment. 'The US wants to put the Pakistan-Afghanistan border under control. They have totally different goals. And the issue is not resolvable.' "The Pakistan army continues to regard militants who are not fighting against it as enduring assets and in recent years a distinction has been made between 'good Taliban' (pro-government) and 'bad Taliban' (anti-government). In most cases, that distinction is between militants who fight in Afghanistan and those who fight in Pakistan "Indeed, for all his loathing of Mr Mehsud - a lot of which was based on historic, personal reasons - Mr Zainuddin was scarcely the model of a hero rising up against the local tyrant. In interviews that catapulted him from obscurity, Mr Zainuddin pledged fealty to Mullah Omar, the leader of the Afghan Taliban, declared his fondness for al Qa'eda, and voiced support for holy war against US and Nato forces. Part of his quarrel with Mr Mehsud was a difference over the focus of their militant activities. While Mr Mehsud and his allies in the Swat Valley were principally fighting against the Pakistani military, Mr Zainuddin believed that it was wrong to attack fellow Muslims. "For the administration of Barack Obama, Pakistan's recruitment of such individuals poses a pressing dilemma. Since the beginning of the year and the emergence of Washington's new Af-Pak policy, a decision has clearly been taken to try and eliminate Mr Mehsud, a former bodybuilder, and a flurry of missile strikes have targeted him, most recently this week. "As a result, while the US might think twice before turning away help in the effort to kill a man on whose head it has placed a $5m bounty, the case of Mr Zainuddin is a powerful reminder that one's enemy's enemy might not always be a friend." Meanwhile, The New York Times reported: "For the past month and a half, the Pakistani military has claimed success in retaking the Swat Valley from the Taliban, clawing back its own territory from insurgents who only a short time ago were extending their reach toward the heartland of the country. "Yet from a helicopter flying low over the valley last week, the low-rise buildings of Mingora, the largest city in Swat, now deserted and under a 24-hour curfew, appeared unscathed. In the surrounding countryside, farmers had harvested wheat and red onions on their unscarred land. "All that is testament to the fact that the Taliban mostly melted away without a major fight, possibly to return when the military withdraws or to fight elsewhere, military analysts say. About two million people have been displaced in Swat and the surrounding area as the military has carried out its campaign."

pwoodward@thenational.ae

The Limehouse Golem
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The White Lotus: Season three

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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.”

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THE SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

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THREE
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As You Were

Liam Gallagher

(Warner Bros)

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Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

The specs

Price, base / as tested Dh1,100,000 (est)

Engine 5.2-litre V10

Gearbox seven-speed dual clutch

Power 630bhp @ 8,000rpm

Torque 600Nm @ 6,500rpm

Fuel economy, combined 15.7L / 100km (est) 

The team

Photographer: Mateusz Stefanowski at Art Factory 
Videographer: Jear Valasquez 
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory 
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat 
Photographer’s assistant: Sophia Shlykova 
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi 

 
Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

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Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

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The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
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Fuel economy, combined: 13.8L/100km
On sale: Available to order now
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Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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UAE currency: the story behind the money in your pockets

Huroob Ezterari

Director: Ahmed Moussa

Starring: Ahmed El Sakka, Amir Karara, Ghada Adel and Moustafa Mohammed

Three stars

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Fire and Fury
By Michael Wolff,
Henry Holt

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
OPENING FIXTURES

Saturday September 12

Crystal Palace v Southampton

Fulham v Arsenal

Liverpool v Leeds United

Tottenham v Everton

West Brom v Leicester

West Ham  v Newcastle

Monday  September 14

Brighton v Chelsea

Sheffield United v Wolves

To be rescheduled

Burnley v Manchester United

Manchester City v Aston Villa

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5