Taliban suicide squad targets Afghan government compound



KABUL // Taliban suicide attackers disguised in police uniforms targeted a government compound today in southwestern Afghanistan, sparking battles that killed a provincial council member and three policemen. Nine attackers also died. The Taliban said it carried out the attack because the council was trying to turn Afghans against the militants. The council was meeting in a compound in Zaranj, the capital of Nimroz province in southwestern Afghanistan along the Iranian border.

Militants have conducted a string of coordinated suicide assaults on Afghan government compounds across the country. Some insurgents fled into Nimroz province earlier this year when international and Afghan troops conducted an offensive to rout the Taliban from neighbouring Helmand province. Nimroz is also a major trafficking route for Afghanistan's huge opium trade. The assault began when nine suicide bombers wearing Afghan National Police uniforms tried to access the provincial governor's compound, where the Nimroz council was meeting, said provincial police chief Gen Abdul Jabar Pardeli. But police became suspicious and fired on them, detonating several of the bombers' explosives.

The battle started during the council meeting and lasted more than an hour, according to provincial governor Gulam Dastagar Azad. A female council member, three Afghan policemen - who were guarding the compound - and nine Taliban insurgents were killed, he said. Ten police were wounded. One suicide attacker successfully detonated his bomb, Gen Pardeli said. He said police also found a car packed with explosives near the compound, which houses a court, the governor's offices and a guest house.

Gul Maki Wakhali, a female member of the Nimroz provincial council, was killed by crossfire, according to Sadeq Chakhansori, a member of the Afghan parliament who was in Nimroz for a meeting. "It was very heavy fighting. Very bad conditions," Mr Chakhansori said. "There was one-on-one fighting." The Taliban carried out the attack because the council was trying to persuade Afghans to turn against the insurgents, said spokesman Qari Yousef Ahmadi.

He said the council included "friends of Nato," and that "any friend of the enemy is an enemy." In other violence, the interior ministry reported three explosions today that targeted the vehicles of private development companies in the southern provinces of Kandahar and Zabul. The ministry said one person was killed and 11 were wounded in the blasts. Attacks on US contractors, construction companies and aid organisations have been rising as the international community pushes for faster development in Afghanistan as a priority in its strategy to counter the insurgency.

In western Herat province, flood waters coursed through several villages early this morning, killing at least 15 people and washing away homes, said Najibullah Najibi, a spokesman for the Afghan Army in western Afghanistan. * AP

Abdul Jabar Qahraman was meeting supporters in his campaign office in the southern Afghan province of Helmand when a bomb hidden under a sofa exploded on Wednesday.

The blast in the provincial capital Lashkar Gah killed the Afghan election candidate and at least another three people, Interior Minister Wais Ahmad Barmak told reporters. Another three were wounded, while three suspects were detained, he said.

The Taliban – which controls much of Helmand and has vowed to disrupt the October 20 parliamentary elections – claimed responsibility for the attack.

Mr Qahraman was at least the 10th candidate killed so far during the campaign season, and the second from Lashkar Gah this month. Another candidate, Saleh Mohammad Asikzai, was among eight people killed in a suicide attack last week. Most of the slain candidates were murdered in targeted assassinations, including Avtar Singh Khalsa, the first Afghan Sikh to run for the lower house of the parliament.

The same week the Taliban warned candidates to withdraw from the elections. On Wednesday the group issued fresh warnings, calling on educational workers to stop schools from being used as polling centres.

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.”

North Pole stats

Distance covered: 160km

Temperature: -40°C

Weight of equipment: 45kg

Altitude (metres above sea level): 0

Terrain: Ice rock

South Pole stats

Distance covered: 130km

Temperature: -50°C

Weight of equipment: 50kg

Altitude (metres above sea level): 3,300

Terrain: Flat ice
 

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially