Taliban insurgents attacked police headquarters and other government buildings in Ghazni in central Afghanistan on Sunday and were threatening to seize control of the city, with the main highway now heavily mined, local politicians and residents said.
US aircraft conducted at least four air strikes but details of the fighting were unclear as most of the city's telecoms masts were destroyed in fighting over recent days.
Mohammad Sharif Yaftali, Afghan army chief of staff, said the city was not under threat of collapse and heavy fighting was underway to push back the Taliban from city limits.
"Strategic locations and centres in the city are under the control of Afghan forces and the Taliban are hiding inside people's homes and shops and resisting," he told reporters at a news conference in Kabul.
But MPs from Ghazni who managed to talk to some residents said the Taliban were in control of much of the city after launching an attack in the early hours of Friday.
"Only the governor's office, police headquarters and intelligence agency's compound are in the hands of the government and Taliban are pushing to take them," said Chaman Shah Ehtemadi, one of the MPs.
The attack on Ghazni, a strategic city on the main highway linking Kabul with Afghanistan's south, was the most serious blow to the government since the insurgents came close to overrunning the city of Farah in May. It also sends mixed signals about the Taliban's intentions regarding a peace process. The group said its representatives held talks with a top US official last month and visited Uzbekistan last week to discuss peace and infrastructure projects.
The western-backed government had been considering a ceasefire during the Eid Al Adha holiday next week, similar to the truce for Eid Al Fitr in June, when the Taliban suspended fighting for the first time in its 17-year insurgency.
Mohammad Rahim Hasanyar, a member of the provincial council, said heavy fighting was continuing in several areas of Ghazni on Sunday and Afghan forces were in defence mode.
"No one knows what the exact situation is because there is no communication service," he said.
There was no confirmed word on casualties. Quoting a hospital official, Afghanistan's 1TV television reported more than 90 members of the security forces and 13 civilians had been killed, with more than 100 wounded. It said there had also been heavy Taliban casualties.
Najib Danish, a spokesman for the interior ministry, said earlier that 25 policemen had been killed, along with one Afghan journalist, whom he did not identify.
With the highway heavily mined to prevent reinforcements from arriving, residents were largely trapped inside the city but some who managed to escape across fields to the outskirts said many government buildings were on fire.
"There was burning and fire and dead bodies everywhere in the city," said Abdul Wakil, a resident who escaped, at a checkpoint into Kabul.
Taliban spokesman Zabihullah Mujahid said in a social media post that the group had captured Ghazni's main prison and freed many inmates, but Afghan officials could not immediately confirm or reject the statement.
A senior security official said special forces had been sent to push the Taliban back from around the city but many fighters were still inside the centre after going into hiding following their initial assault on Friday.
The official said Afghan and US aircraft had carried out strikes outside the city but many fighters were in residential areas, making it difficult for security forces to rely on air support.
The US military headquarters in Kabul said sporadic clashes were occurring and American aircraft had conducted five strikes on Saturday and four more on Sunday.
"The Afghan National Defence and Security Forces continue to hold their ground and maintain control of all government centers," Lt Col Martin O'Donnell, US Forces Afghanistan spokesman, said in an emailed statement.
Amid the fighting on Saturday, the Taliban's political office announced that a delegation met officials in Uzbekistan during a five-day trip to the country to discuss issues including transport and power lines and peace in Afghanistan.
Taliban representatives met Uzbek Foreign Minister Abdul Aziz Kamilov and Special Representative for Afghanistan Ismatulla Irgashev during the August 6-10 visit, a spokesman said.
They discussed "current and future national projects such as security for railroad and power lines”, Muhammad Sohail Shaheen said.
“Views were also exchanged with officials of Uzbekistan about the withdrawal of foreign forces and how to achieve peace in Afghanistan,” he said.
The Taliban are active across much of Afghanistan and control many rural areas but have not held a provincial centre since they briefly seized the northern city of Kunduz in 2015.
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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Sri Lanka squad for tri-nation series
Angelo Mathews (c), Upul Tharanga, Danushka Gunathilaka, Kusal Mendis, Dinesh Chandimal, Kusal Janith Perera, Thisara Perera, Asela Gunaratne, Niroshan Dickwella, Suranga Lakmal, Nuwan Pradeep, Dushmantha Chameera, Shehan Madushanka, Akila Dananjaya, Lakshan Sandakan and Wanidu Hasaranga
Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
MATCH INFO
Leeds United 0
Brighton 1 (Maupay 17')
Man of the match: Ben White (Brighton)
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.”
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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