American forces must remain in Iraq otherwise the country will “unravel” with ISIS terrorists turning it into another Afghanistan, a leading general has told The National.
If US and Nato troops withdraw it could lead to a far greater, costlier and more difficult reintervention later, said Major General Sirwan Barzani of the Peshmerga military.
The extremists, whose force in Iraq totals an estimated 7,000 fighters, are biding their time waiting for the western force to dwindle in size, the officer said.
Despite the pressure of the war in Ukraine, current US force levels have remained at 2,000 troops stationed in Al Asad Airbase, western Iraq, Camp Victory in Baghdad and near Erbil in the north.
There is also a sizeable number of 4,000 Nato troops training the Iraqi military but there could be a requirement for their use elsewhere, particularly if ISIS continues its resurgence in Africa or in Europe to face the Russia threat.
Patient ISIS
Without continued US and Nato support “all we have achieved is in danger of unravelling”, warned Gen Barzani.
“They might have lost their territory and ability to attack the West, but they haven’t lost their murderous desires. ISIS are patient. They think the West is distracted and the United States is disengaging from the Middle East.”
The general is regarded as one of the foremost Peshmerga leaders having fought for a decade against Saddam Hussein’s forces, earning the nickname of “Black Tiger”.
He retired from the army in 2000 but returned in 2014 during the major ISIS offensive and personally led 150 men to defend Erbil, driving the terrorists back, assisted by US-led air strikes
But he now fears that ISIS could return in force. Speaking from northern Iraq, the Peshmerga leader for Erbil, said the extremists were “using their time out of the spotlight to rebuild and regroup”, including replenishing their armoury.
Safe haven
There are concerns in Iraq that America could withdraw its troops as it did in Afghanistan in 2021 with an extremist terror grouping taking control.
The general believed that US withdrawal had emboldened ISIS, making them “even more confident that they can regroup” in Iraq and Syria.
“If the US vacates the field of battle in Iraq, ISIS will seize the opportunity, which risks Iraq becoming another Afghanistan,” the general said.
“Another safe haven for them to grow and threaten not just us Kurds, but the world.”
During previous ISIS offensives, US combat aircraft and special forces have helped defeat the extremists and still remained “critical to the security of Iraq”.
In an interview with the Wall Street Journal last week, Iraq’s new Prime Minister Mohammed Al Sudani said western military should remain indefinitely as “we need foreign troops” because the “elimination of ISIS needs some more time”.
Gen Barzani agreed to what the Prime Minister said and stated that western support was “critical to the security” of Iraq.
“ISIS are fanatics who will never give up until every fighter is defeated and they will seize any opportunity to re-establish a foothold from which they can continue their campaign of terror,” he added.
Stay engaged
While the western world is focused on the war in Ukraine, and to a lesser extent the belligerence of China, focus on ISIS has diminished.
But the international terror group appears to be reinforcing in large parts of western, central and southern Africa, including Mozambique, building its strength.
“ISIS are using their hideouts and bases to plan and launch terror attacks against the US’ allies,” said Gen Barzani.
While the terrorists remain a “lower threat now” it was far better to deal with them today rather than “the need for a bigger intervention in the future".
“We need the US and Western forces to stay engaged. The job isn’t over,” he added.
This meant a “viable US fighting force” on the ground in Iraq to continue operations to find and destroy ISIS fighters.
The Peshmerga also needed supplies of armoured vehicles and weapons, he said.
Prison ideology
He called on the West to address the long-running sore of foreign nationals who are among the 10,000 ISIS held in prisons guarded by the Peshmerga.
“Western nations have a responsibility to deal with them,” he said.
“Putting into their prison systems instead of dumping them here, where they only strengthen the resolve of the ISIS insurgency.”
Gen Barzani, 52, insisted that despite conflicts elsewhere, western powers had to remain focused on the Middle East terror threat.
“ISIS ideology still infects the minds of many and remains a violent and a dangerous threat to people across the Western world,” he said.
“As long as there are ISIS fighters still operational and at large, they will continue to pose a threat, and they will continue to inspire more dangerous followers in the West.”
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What is the Supreme Petroleum Council?
The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.
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.”
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
The biog:
Languages: Arabic, Farsi, Hindi, basic Russian
Favourite food: Pizza
Best food on the road: rice
Favourite colour: silver
Favourite bike: Gold Wing, Honda
Favourite biking destination: Canada