Syrian and Russian forces carried out the most intense bombing in weeks on Idlib province on Saturday, raising fears of an imminent assault on the densely populated rebel-held area.
The renewed strikes came a day after Syrian regime allies Russia and Iran, and Turkey, a supporter of Syrian rebel factions, disagreed on the fate of the province at a summit in Tehran. Russia and Iran backed a military offensive to reclaim the last major rebel-held area of Syria, while Turkey called for a ceasefire to prevent mass casualties among the province's estimated 3.5 million population.
The Syrian Observatory for Human Rights monitoring group said dozens of Russian air raids hit southern and south-eastern areas of Idlib on Saturday. At least four civilians, including two children, were killed in the strikes and as dozens of barrel bombs were dropped by regime aircraft, the Britain-based monitor said.
Observatory head Rami Abdel Rahman said it was the heaviest bombardment since August 10, when at least 53 civilians were killed in Idlib and neighbouring province Aleppo.
He said the strikes targeted positions of both rebel groups and the rival Hayat Tahrir Al Sham alliance, led by Al Qaeda's former Syrian affiliate and comprised mostly of hard-line Islamist groups.
The United Nations has said an offensive on Idlib could force as many as 800,000 civilians to flee their homes and has urged world powers to prevent a "bloodbath".
Many of Idlib's residents have already fled fighting in other areas of the country during Syria's seven-year civil war.
Syrian state media said the attacks on Saturday were a retaliation to overnight shelling from rebel-held areas on a government-held town in Hama province, south of Idlib, that killed nine civilians.
Russian jets had struck Idlib on Friday, before the talks in Tehran between Turkish President Recep Tayyip Erdogan, Russian President Vladimir Putin and Iranian President Hassan Rouhani.
Mr Erdogan called for a "truce" at a press conference after the talks.
“Any attack on Idlib would result in a catastrophe. Any fight against terrorists requires methods based on time and patience. We don’t want Idlib to turn into a bloodbath,” he said.
Mr Putin said Damascus "has a right and must eventually take under control all of its national territory", while Mr Rouhani warned against a "scorched earth" policy, but said "fighting terrorism in Idlib is an unavoidable part of the mission".
Nicholas Heras, a researcher at the Centre for New American Security, said the spike in Russian raids on Saturday aimed to put pressure on Turkey to agree to a deal for a regime takeover of Idlib.
"Russia is reminding Turkey it needs to stay in Russia's good graces if Turkey wants to avoid a painful catastrophe in north-west Syria," Mr Heras told Agence France-Presse.
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Russian military spokesman Igor Konashenkov, meanwhile, said Moscow had "irrefutable information" that Syrian rebels were planning a "provocation" in Idlib province to justify western intervention.
The United States has about 2,000 troops in other areas of Syria, but little leverage in Idlib, which had been declared a "de-escalation" zone under an agreement reached a year ago between Russia, Turkey and Iran. Turkey has troops stationed in Idlib and 12 observations posts around the province as part of the pact.
US Ambassador to the UN Nikki Haley warned on Friday of dire consequences if Idlib was attacked.
Speaking at the Security Council, Mrs Haly said the US considered an assault on Idlib to be "a dangerous escalation of the conflict in Syria”.
“If Assad, Russia and Iran continue, the consequences will be dire,” she said.
“We urge Russia to consider its options carefully. Stop Assad’s assault on Idlib. Work with us and the UN to find peace at last for Syria.”
UK Ambassador to the UN Karen Pierce said: There are more babies in Idlib than terrorists. UN estimates that terrorist fighters make up just 0.5 per cent of population, but three million civilians are at risk."
"We call on Russia to do more to restrain the Syrian regime from attacking, and avert humanitarian catastrophe," she added.
Separately, clashes broke out in eastern Syria in Qamishli, a town close to the border with Turkey, between government and Kurdish security members. The Syrian Observatory for Human Rights said the clashes left 10 government security personnel and seven Kurdish fighters dead.
The town is run by Kurdish-led administrators and forces, but Syrian government troops hold pockets of territory there, including the airport. Occasional clashes have erupted over turf control and authority, reflecting deepening political tensions between the uneasy partners.
Kurdish security forces, known as Asayish, said that a government patrol entered the areas controlled by the Kurdish militia in Qamishli and began arresting civilians, then shot at a Kurdish checkpoint, sparking the gun battle. The Asayish said seven of its members and 11 government personnel were killed.
Journalist and local resident Arin Sheikmos told Associated Press the government security troops carried out an arrest campaign in Kurdish-controlled areas, detaining people it accused of dodging military conscription. This prompted the clashes that lasted no more than 20 minutes, he said.
There was no immediate comment on the clashes by the government.
The US-backed Kurdish administration has recently begun talking with the Syrian government, seeking government recognition of its self-rule areas. But in recent days, the Damascus government announced that it will be holding local administration elections, including in Kurdish-ruled areas, undermining the negotiations with the Kurds and their proposal for self-rule.
The Kurdish-led administration control nearly 30 per cent of Syria, mostly in the north-eastern part of the country, including some of Syria's largest oilfields. They seized the territories, with the backing of the US-led coalition, after driving out ISIS militants.
The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre
Race%20card
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
The specs
Engine: 1.5-litre, 4-cylinder turbo
Transmission: CVT
Power: 170bhp
Torque: 220Nm
Price: Dh98,900
MATCH INFO
Who: France v Italy
When: Friday, 11pm (UAE)
TV: BeIN Sports
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.”
Zakat definitions
Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.
Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.
Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.
Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.
SPECS
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8 traditional Jamaican dishes to try at Kingston 21
- Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
- Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
- Mento Oxtail: flavoured oxtail stewed for five hours with herbs
- Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
- Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
- Jamaican beef patty: a pastry with ground beef filling
- Hellshire Pon di Beach: Fresh fish with pickles
- Out of Many: traditional sweet potato pudding
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now