Wives and children of former ISIS fighters line up in the foreign section of the Al Hol refugee camp in northern Syria. Getty Images
Wives and children of former ISIS fighters line up in the foreign section of the Al Hol refugee camp in northern Syria. Getty Images
Wives and children of former ISIS fighters line up in the foreign section of the Al Hol refugee camp in northern Syria. Getty Images
Wives and children of former ISIS fighters line up in the foreign section of the Al Hol refugee camp in northern Syria. Getty Images

Syrian Kurds to begin trials of suspected foreign ISIS fighters


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The Kurdish-led administration in north-east Syria has announced it will begin holding trials for the thousands of suspected foreign ISIS members it has held since the fall of the self-proclaimed caliphate.

Administration official Bedran Jiya Kurd announced the news on Saturday as a "significant step in our efforts to combat terrorism and achieve justice".

Mr Kurd said the process was "due to the international community's failure to fulfil its duties in the prosecution of terrorists".

Thousands of suspected ISIS members have been held by the US-backed autonomous administration since the Syrian Democratic Forces (SDF) and the international coalition pushed the terrorists out of its last Syrian stronghold of Baghouz in March 2019.

It comes only days after US Secretary of State Antony Blinken warned the fight against ISIS, which maintains a presence in Syria and neighbouring Iraq, is not over.

US generals have previously warned the terrorist group could return to Syria in "one or two years" if American troops leave the area.

Authorities in the region have long called on foreign states to repatriate and try their citizens who have been held in prisons and camps for the past four years, citing security concerns after prison breaks and attacks on officials in camps.

At least 11,000 people held in Al Hol camp are foreign citizens from about 60 countries, whose governments have refused to repatriate them. Iraq, which repatriated 50 of its citizens from Syria last week, says it has brought home more than 3,000 suspected ISIS fighters and tried many over their alleged crimes.

Trials have also been held involving ISIS fighters in Germany, mainly for alleged and proven crimes against the Yazidi religious minority who suffered genocide under ISIS.

Mr Kurd told Reuters a local counter-terrorism law broadened last year would be used to try the fighters. He said the accused could appoint a lawyer but did not say courts would appoint them.

North-east Syria does not practise capital punishment, in contrast to the policy of Damascus and neighbouring Iraq, which has executed thousands of suspected ISIS fighters.

Human rights groups and the US-led coalition would be invited to attend the trials, he added, although he did not specify when they would begin.

A western diplomat working in Syria told Reuters the decision was surprising.

The idea had been discussed in the past but pushed aside primarily over questions on the legality of a regional court operating separately from the Syrian government.

"No one thought they were going to do this," the diplomat said. "We take it very seriously that they are holding a lot of people — but this is a separate issue from trying them. Trying them is a whole different beast."

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Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.

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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.”

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