Thousands of Kashmiris were sleeping in shelters near the disputed region’s de-facto border where Indian and Pakistani border troops traded gunfire and shelling until dawn on Thursday, just hours after their commanders met in an effort to defuse escalating tensions. Channi Anand/AFP Photo
Thousands of Kashmiris were sleeping in shelters near the disputed region’s de-facto border where Indian and Pakistani border troops traded gunfire and shelling until dawn on Thursday, just hours afteShow more

India and Pakistan trade blame as Kashmir tensions simmer



NEW DELHI // Weeks of deadly cross-border firing in the disputed Kashmir region continued on Thursday despite a meeting between Indian and Pakistani military officials.

Pakistani rangers fired at Indian Border Security Force (BSF) posts in the Pargwal sector of Jammu and Kashmir state at 11pm on Wednesday, just hours after the meeting, and again just before 2am on Thursday, according to Indian army. A third barrage followed at 4am, to which Indian troops retaliated, resulting in an exchange of fire that continued for two hours.

At the meeting on Wednesday between high-ranking Indian and Pakistani army officers, Pakistan accused India of “blatantly firing on Pakistani positions”, the Press Trust of India reported.

India, for its part, has said Pakistan violated the 2003 ceasefire on the border more than 20 times in the past two weeks, frequently using mortars in addition to machine guns and small arms.

Gen D K Pathak, the director of the BSF, described the Pakistani attacks as “the heaviest cross-border firing I’ve seen since the 1971 war”.

Gen Pathak said the firing began in mid-July, when a BSF soldier was killed by a Pakistani sniper.

No casualties or damage were reported on Wednesday night or Thursday morning, but over the past two weeks at least 10 people have been killed and more than a dozen injured on both sides.

On the Indian side, villagers living near the border in Jammu region have been forced to abandon their homes.

“We have provided most of the facilities, like food, medicare, tents, to over 3,000 people, mostly women, children and elders displaced from border hamlets due to Pakistani firing,” an Indian army spokesperson said on Tuesday.

India has claimed in the past that such firing into its territory is to provide cover for terrorists trained in Pakistan to enter Kashmir.

Prime minister Narendra Modi lambasted Pakistan for its support of cross-border militancy during his visit this month to Kashmir.

Speaking to Indian troops, he said: “The neighbouring country has lost the strength to fight a conventional war but continues to engage in the proxy war of terrorism.”

The firing from the Pakistani side, beginning in mid-July, continued for 10 days before lapsing into a relative lull. It intensified again around the time of Mr Modi’s visit to Kashmir.

On August 19, Mr Modi’s government called off talks between the countries’ foreign secretaries, ostensibly because the Pakistani high commissioner in India met Kashmiri separatist leaders. In the days since, the firing became even more intense.

In this context, it is entirely possible that the recent skirmishes have a “political direction” to them, said P R Chari, a visiting professor at the Institute of Peace and Conflict Studies in New Delhi and formerly a secretary in India’s defence ministry.

“It’s possible, for instance, that Pakistani soldiers on the border have received instructions, saying that the Indians have cancelled talks and that it’s time to heat up the atmosphere and bring them to the table again,” Mr Chari told The National. They may have also been instructed to step up attacks while Mr Modi was in Kashmir, as a show of brazenness or strength, he said.

“Equally, on our side, Modi has to show that he is a strong leader. If he wants to flex his muscles, this is one way of doing it.”

Contrary to the claims of both sides, Mr Chari said that “rarely, if ever, are such exchanges of fire entirely unprovoked”.

But on the ground, a medley of factors could also have contributed to the clashes.

“In many cases, the border may not be cleanly demarcated on the ground,” Mr Chari said. “It may only be generally understood that it runs from this tree to that tree, for example.”

In torrential rain, physical markers may get moved or displaced altogether. “In such conditions, both sides will naturally try to improve their positions, and this will result in some tension,” he said.

A sincere meeting between army commanders, with sound information about ground conditions and little political manipulation, can still ease border tensions in such situations, Mr Chari said.

ssubramanian@thenational.ae

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8 traditional Jamaican dishes to try at Kingston 21

  1. Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
  2. Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
  3. Mento Oxtail: flavoured oxtail stewed for five hours with herbs
  4. Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
  5. Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
  6. Jamaican beef patty: a pastry with ground beef filling
  7. Hellshire Pon di Beach: Fresh fish with pickles
  8. Out of Many: traditional sweet potato pudding
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Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

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9.30pm: Handicap (TB) Dh70,000 (D) 2,000m; Winner: Dubai Canal, Tadhg O’Shea, Satish Seemar

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Ahmed Saadawi
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At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

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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.”

COMPANY PROFILE

Company: Bidzi

● Started: 2024

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● No of employees: Nine

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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 
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.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The biog

Fatima Al Darmaki is an Emirati widow with three children

She has received 46 certificates of appreciation and excellence throughout her career

She won the 'ideal mother' category at the Minister of Interior Awards for Excellence

Her favourite food is Harees, a slow-cooked porridge-like dish made from boiled wheat berries mixed with chicken