A Turkish-backed Syrian rebel fighter on the front line against the Syrian Democratic Forces near the northern city of Manbij. AFP
A Turkish-backed Syrian rebel fighter on the front line against the Syrian Democratic Forces near the northern city of Manbij. AFP
A Turkish-backed Syrian rebel fighter on the front line against the Syrian Democratic Forces near the northern city of Manbij. AFP
A Turkish-backed Syrian rebel fighter on the front line against the Syrian Democratic Forces near the northern city of Manbij. AFP

Turkish soldier killed in attack near Syrian border


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Militants launched rockets at a Turkish military post near the Syrian border, killing one soldier and wounding another, the Turkish Defence Ministry said.

It did not say who was responsible for Sunday's attack, but Turkish forces are in conflict in that region with the Syrian Kurdish YPG militia, which Ankara considers a terrorist group and which is a key part of the US-backed Syrian Democratic Forces.

Turkey responded with raids in northern Syria. Outposts operated by the Syrian army and Kurdish-led forces were hit, killing three, a Britain-based war monitor said.

The raids near the Kurdish-held border town of Kobani targeted positions of the Syrian army and the Syrian Democratic Forces, the Syrian Observatory for Human Rights said.

The three casualties were wearing Syrian army uniforms, according to the monitor.

Several other fighters were wounded, some critically, according to the monitor, which relies on a network of sources inside Syria.

The Turkish Defence Ministry said that after the attack on the post at Suruc, in Sanliurfa province, Turkish forces retaliated.

“Targets were identified in the area and immediately fired upon, with 12 terrorists neutralised according to initial information,” it said. The term neutralised usually means killed.

It said operations were continuing in the area.

Flags of the Syrian Democratic Forces (SDF), the People's Protection Units (YPG) and the Women's Protection Unit (YPJ), flutter in Tal Tamer, in northeastern Syria, June 10, 2022. Picture taken June 10, 2022. REUTERS/Stringer NO RESALES. NO ARCHIVES.
Flags of the Syrian Democratic Forces (SDF), the People's Protection Units (YPG) and the Women's Protection Unit (YPJ), flutter in Tal Tamer, in northeastern Syria, June 10, 2022. Picture taken June 10, 2022. REUTERS/Stringer NO RESALES. NO ARCHIVES.

Last month, the Syrian government said it would respond to direct attacks by Turkey against its forces.

The warning came after a Turkish raid on a regime outpost near Kobani killed at least three troops in mid-August, according to the official Sana news agency.

Turkey has launched cross-border offensives targeting Kurdish forces and ISIS militants since 2016, but such operations have rarely resulted in the killing of Syrian regime fighters.

Ankara has stepped up its attacks in Kurdish-controlled areas of Syria since a July 19 summit with Iran and Russia failed to lead to an offensive against Kurdish fighters viewed by Ankara as terrorists.

Regime forces have been sent to areas controlled by Kurdish fighters near the border with Turkey as part of agreements intended to stem a fresh Turkish operation.

Last week, the UN's Independent Commission of Inquiry on Syria said that “another Turkish ground operation” remains a threat in Syria's north, amid “continued mobilisation and fighting” between Turkish and Turkish-backed forces and Kurdish-led opponents.

“Syria cannot afford a return to larger-scale fighting, but that is where it may be heading,” said Paolo Pinheiro, the head of the commission.

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Company%20profile
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How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

COMPANY PROFILE

Company name: SimpliFi

Started: August 2021

Founder: Ali Sattar

Based: UAE

Industry: Finance, technology

Investors: 4DX, Rally Cap, Raed, Global Founders, Sukna and individuals

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Jewel of the Expo 2020

252 projectors installed on Al Wasl dome

13.6km of steel used in the structure that makes it equal in length to 16 Burj Khalifas

550 tonnes of moulded steel were raised last year to cap the dome

724,000 cubic metres is the space it encloses

Stands taller than the leaning tower of Pisa

Steel trellis dome is one of the largest single structures on site

The size of 16 tennis courts and weighs as much as 500 elephants

Al Wasl means connection in Arabic

World’s largest 360-degree projection surface

Tewellah by Nawal Zoghbi is out now.

RESULT

Arsenal 2

Sokratis Papastathopoulos 45 4'

Eddie Ntkeiah 51'

Portsmouth 0

 

UAE currency: the story behind the money in your pockets

Age 26

Born May 17, 1991

Height 1.80 metres

Birthplace Sydney, Australia

Residence Eastbourne, England

Plays Right-handed

WTA titles 3

Prize money US$5,761,870 (Dh21,162,343.75)

Wins / losses 312 / 181

Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

The specs

Engine: 1.4-litre 4-cylinder turbo

Power: 180hp at 5,500rpm

Torque: 250Nm at 3,00rpm

Transmission: 5-speed sequential auto

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Updated: September 19, 2022, 7:10 AM