Turkey's President Recep Tayyip Erdogan poses for photos with children in commando uniforms as he addresses the members of his ruling party at the parliament in Ankara, Turkey, Tuesday, Feb. 20, 2018. Burhan Ozbilici /AP
Turkey's President Recep Tayyip Erdogan poses for photos with children in commando uniforms as he addresses the members of his ruling party at the parliament in Ankara, Turkey, Tuesday, Feb. 20, 2018.Show more

Erdogan says Turkey will 'lay siege' to Afrin



Turkish President Recep Tayyip Erdogan on Tuesday said his forces would soon besiege the Syrian town of Afrin as a cross-border offensive targeting a Kurdish militia enters its second month.

On January 20, Turkey launched an air and ground operation supporting Syrian rebels against the People's Protection Units (YPG) in the Afrin region of northern Syria.

Mr Erdogan's government views the YPG as a Syrian offshoot of the outlawed Kurdistan Workers' Party (PKK), which has been waging an insurgency against the Turkish state since 1984.

"In the coming days, swiftly, we will lay siege to the centre of the town of Afrin," he told parliament.

But the operation is likely to be further complicated by reports from the Syrian state news agency SANA that pro-government forces are expected to enter Afrin to counter the Turkish offensive.

While some analysts say Turkey and pro-Ankara Syrian rebels have made slow advances, Mr Erdogan defended the operation's progress, saying it was to avoid putting the lives of both its troops and civilians needlessly at risk.

"We did not go there to burn it down," he said, insisting the operation's aim was to "create a safe and livable area" for Syrian refugees inside Turkey, who fled across the border after the conflict began in 2011 and who now number more than three million.

The Turkish army says 32 of its troops have been killed.

According to the Syrian Observatory for Human Rights monitor, Syrian rebels and Turkish forces have taken 35 villages since the start of the operation, most of them bordering Afrin.

And Turkish security expert Abdullah Agar said troops involved in operation "Olive Branch" had captured around 300 square kilometres (120 square miles) of territory.

Over the past month, 238 Olive Branch fighters - among them both Turkish soldiers and Syrian rebels - have been killed, along with 197 YPG fighters and 94 civilians, Observatory figures show.

Ankara strongly denies there have been any civilian casualties.

Jana Jabbour, a political science professor at Sciences Po university in Paris, said the Turks were "struggling to move forward" because of the "organisation of the Kurdish YPG forces and their combativeness".

She said it was important to distinguish between political rhetoric, "even political propaganda", and the reality on the ground.

On the ground, Turkish fighting was now focused around the area of Arab Wiran in northeast Afrin, the Observatory said.

If captured, pro-Ankara forces would control 50 continuous kilometres of Afrin's northern border with Turkey.

In what appeared to be a thinly-veiled threat to Damascus, Erdogan on Tuesday warned Turkey would brook no interference from outside forces.

"We will block the way of those who come to help from outside the city or the region," he said.

The Turkish operation has strained already-difficult ties with Washington which has given weaponry to the YPG as part of its fight against ISIL jihadists in Syria.

The US has called on Turkey to show restraint, warning that the offensive risked diluting the fight against the jihadists.

Mr Erdogan has also threatened to expand the offensive to the YPG-held town of Manbij.

When US Secretary of State Rex Tillerson visited Ankara last week, the two sides agreed to work together in Syria and set up working groups on issues like Manbij where American troops are operating and which the US diplomat described as a "priority".

In addition to its disagreements with the US, Turkey must take into account the interests of Russia, a key Damascus ally, which controls northern Syrian airspace.

Moscow may have consented to the offensive, but it has previously closed the airspace to Turkish jets after a Russian plane was shot down in an area of north Syria where Turkish military observers were expected to enforce a de-escalation zone.

The offensive is broadly supported in Turkey where political parties, media and clerics speak in unison, against a backdrop of nationalist rhetoric led by Erdogan.

Only the pro-Kurdish Peoples' Democratic Party (HDP) does not back the operation.

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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.”

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

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Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

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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 

'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

Plan to boost public schools

A major shake-up of government-run schools was rolled out across the country in 2017. Known as the Emirati School Model, it placed more emphasis on maths and science while also adding practical skills to the curriculum.

It was accompanied by the promise of a Dh5 billion investment, over six years, to pay for state-of-the-art infrastructure improvements.

Aspects of the school model will be extended to international private schools, the education minister has previously suggested.

Recent developments have also included the introduction of moral education - which public and private schools both must teach - along with reform of the exams system and tougher teacher licensing requirements.

Is it worth it? We put cheesecake frap to the test.

The verdict from the nutritionists is damning. But does a cheesecake frappuccino taste good enough to merit the indulgence?

My advice is to only go there if you have unusually sweet tooth. I like my puddings, but this was a bit much even for me. The first hit is a winner, but it's downhill, slowly, from there. Each sip is a little less satisfying than the last, and maybe it was just all that sugar, but it isn't long before the rush is replaced by a creeping remorse. And half of the thing is still left.

The caramel version is far superior to the blueberry, too. If someone put a full caramel cheesecake through a liquidiser and scooped out the contents, it would probably taste something like this. Blueberry, on the other hand, has more of an artificial taste. It's like someone has tried to invent this drink in a lab, and while early results were promising, they're still in the testing phase. It isn't terrible, but something isn't quite right either.

So if you want an experience, go for a small, and opt for the caramel. But if you want a cheesecake, it's probably more satisfying, and not quite as unhealthy, to just order the real thing.

 

 

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
MATCH INFO

Fixture: Ukraine v Portugal, Monday, 10.45pm (UAE)

TV: BeIN Sports

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Famous left-handers

- Marie Curie

- Jimi Hendrix

- Leonardo Di Vinci

- David Bowie

- Paul McCartney

- Albert Einstein

- Jack the Ripper

- Barack Obama

- Helen Keller

- Joan of Arc

The specs

Engine: 2.9-litre twin-turbo V6

Power: 540hp at 6,500rpm

Torque: 600Nm at 2,500rpm

Transmission: Eight-speed auto

Kerb weight: 1580kg

Price: From Dh750k

On sale: via special order

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

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if you go

The flights
Emirates flies to Delhi with fares starting from around Dh760 return, while Etihad fares cost about Dh783 return. From Delhi, there are connecting flights to Lucknow. 
Where to stay
It is advisable to stay in Lucknow and make a day trip to Kannauj. A stay at the Lebua Lucknow hotel, a traditional Lucknowi mansion, is recommended. Prices start from Dh300 per night (excluding taxes). 

'Spies in Disguise'

Director: Nick Bruno and Troy Quane

Stars: Will Smith, Tom Holland, Karen Gillan and Roshida Jones 

Rating: 4 out of 5 stars

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.