Officials inspect a lorry of UN aid for survivors of February's earthquake, at Bab Al Hawa border crossing with Turkey, in Idlib province, north-west Syria. AP
Officials inspect a lorry of UN aid for survivors of February's earthquake, at Bab Al Hawa border crossing with Turkey, in Idlib province, north-west Syria. AP
Officials inspect a lorry of UN aid for survivors of February's earthquake, at Bab Al Hawa border crossing with Turkey, in Idlib province, north-west Syria. AP
Officials inspect a lorry of UN aid for survivors of February's earthquake, at Bab Al Hawa border crossing with Turkey, in Idlib province, north-west Syria. AP

Food assistance for 3.8 million Syrians at risk, World Food Programme warns


Nada AlTaher
  • English
  • Arabic

Almost 3.8 million people in Syria are at risk of losing World Food Programme assistance by July if additional funding is not secured, a leading official with the UN organisation said in Dubai on Wednesday.

Despite a 40 per cent increase in its annual budget for 2023, the food agency is at “half rations” in Yemen and Syria, warned WFP Mena regional director Corinne Fleischer.

The WFP provides aid to 13 million people in Yemen and to seven million in Syria.

In Syria, the rates of malnutrition are the highest they've been since the country's civil war began in 2011, Ms Fleischer told a media briefing.

“Conflict feeds hunger,” she said.

“We can't continue to feed the same people every month and then add more people.

“We need governments to take care of their own people again through their own social protection systems and we start reducing the needs.”

An already desperate situation caused by the 12-year war in Syria was exacerbated by a 7.8-magnitude earthquake on February 6 that killed more than 6,000 people in the north of the country.

  • This image of Jinan Sari protecting her brother as they both lay trapped under the rubble was widely circulated on social media. Photo: @mhdksafa / Twitter
    This image of Jinan Sari protecting her brother as they both lay trapped under the rubble was widely circulated on social media. Photo: @mhdksafa / Twitter
  • Jinan and her brother Abdul-Fatah stayed at Harem Central Hospital for a month after they were pulled out from the rubble. Abd Almajed Alkarh / The National
    Jinan and her brother Abdul-Fatah stayed at Harem Central Hospital for a month after they were pulled out from the rubble. Abd Almajed Alkarh / The National
  • Jinan with a new toy brought to her in hospital. Abd Almajed Alkarh / The National
    Jinan with a new toy brought to her in hospital. Abd Almajed Alkarh / The National
  • Abdul-Fatah's is suffering from crush syndrome after being trapped in the rubble for 22 hours. Abd Almajed Alkarh / The National
    Abdul-Fatah's is suffering from crush syndrome after being trapped in the rubble for 22 hours. Abd Almajed Alkarh / The National
  • A nurse observes Jinan's status and her biomarkers. Abd Almajed Alkarh / The National
    A nurse observes Jinan's status and her biomarkers. Abd Almajed Alkarh / The National
  • Jinan looks at her brother in hospital. Abd Almajed Alkarh / The National
    Jinan looks at her brother in hospital. Abd Almajed Alkarh / The National
  • Abdul-Fatah is 18-month-old and is recovering from his injuries. Abd Almajed Alkarh / The National
    Abdul-Fatah is 18-month-old and is recovering from his injuries. Abd Almajed Alkarh / The National
  • Jinan and Abdul-Fattah have lost their parents and all of their five siblings in the earthquake. Abd Almajed Alkarh / The National
    Jinan and Abdul-Fattah have lost their parents and all of their five siblings in the earthquake. Abd Almajed Alkarh / The National
  • They now live with their grandmother Soa'ad Al Ahmed in a temporary tent shelter. Abd Almajed Alkarh for The National
    They now live with their grandmother Soa'ad Al Ahmed in a temporary tent shelter. Abd Almajed Alkarh for The National
  • Jinan is happy because her foot is recovering. Abd Almajed Alkarh / The National
    Jinan is happy because her foot is recovering. Abd Almajed Alkarh / The National
  • They lived with their family in Atareb, in Aleppo, before the earthquake struck last month. Abd Almajed Alkarh / The National
    They lived with their family in Atareb, in Aleppo, before the earthquake struck last month. Abd Almajed Alkarh / The National
  • Jinan helps her brother stand as he still has bandages on his feet. Their grandmother is concerned she may not be able to take care of them well enough as she is getting older. Abd Almajed Alkarh / The National
    Jinan helps her brother stand as he still has bandages on his feet. Their grandmother is concerned she may not be able to take care of them well enough as she is getting older. Abd Almajed Alkarh / The National
  • Jinan uses a walker outside her tent. Abd Almajed Alkarh / The National
    Jinan uses a walker outside her tent. Abd Almajed Alkarh / The National

The WFP requires $150 million to support people in Syria for the next six months with post-earthquake assistance — but only 16 per cent of that amount is funded, Ms Fleischer said.

A UN inquiry found the regime of Syria's President Bashar Al Assad and the UN itself were guilty of delays in aid to Syria after the earthquake.

The UN commission of inquiry said on Monday there had been a “wholesale failure” by the Syrian government and international community to provide immediate assistance to Syria.

In February, the WFP called for more urgency in global response to the earthquake in Turkey and Syria, saying the disaster had put extra strain on an already stretched region.

In south-eastern Turkey, more than 44,000 people were killed by the quake.

“We need governments to respond to our appeal for funding,” Walid Ibrahim, network coordinator of the WFP-managed UN Humanitarian Response Depot in Dubai told The National earlier.

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Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

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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.”

MATCH INFO

Manchester United v Manchester City, Wednesday, 11pm (UAE)

Match is on BeIN Sports

Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix

GP3 qualifying, 10:15am

Formula 2, practice 11:30am

Formula 1, first practice, 1pm

GP3 qualifying session, 3.10pm

Formula 1 second practice, 5pm

Formula 2 qualifying, 7pm

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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Updated: March 15, 2023, 5:38 PM