Mohammad Al Asaad stands next to a portrait of his late father, Khaled Al Asaad, a prominent Syrian archaeologist who was beheaded by ISIS in the ancient city of Palmyra. Xinhua/Shutterstock
Mohammad Al Asaad stands next to a portrait of his late father, Khaled Al Asaad, a prominent Syrian archaeologist who was beheaded by ISIS in the ancient city of Palmyra. Xinhua/Shutterstock
Mohammad Al Asaad stands next to a portrait of his late father, Khaled Al Asaad, a prominent Syrian archaeologist who was beheaded by ISIS in the ancient city of Palmyra. Xinhua/Shutterstock
Mohammad Al Asaad stands next to a portrait of his late father, Khaled Al Asaad, a prominent Syrian archaeologist who was beheaded by ISIS in the ancient city of Palmyra. Xinhua/Shutterstock

Family of archaeologist killed by ISIS vow to recover his remains


Gareth Browne
  • English
  • Arabic

The family of a famed Syrian archaeologist murdered by ISIS has vowed to continue the search for his body after remains discovered in February have been ruled out as his.

DNA testing determined that a body found near the ancient city of Palmyra earlier this year was not that of Khaled Al Asaad, who was executed by ISIS militants in 2015 as he tried to protect the Unesco World Heritage site.

“The remains are not those of my father, martyr of the world Khaled Al Asaad,” his son Tareq told The National.

Mr Al Asaad said that, despite the anguish, he and his family were determined to continue the search for their father’s remains.

“We will not stop looking for my father’s real body, we will find it, and we will put it to rest in a place suitable for a martyr of the world,’ he said.

The 82-year-old was beheaded by the extremists in 2015 after he refused to lead the group to artefacts hidden to keep them safe amid Syria’s civil war. He had spent the preceding months and years hiding many of Palmyra’s great treasures from the civil war’s belligerents.

When ISIS captured Palmyra, the ancient city the archaeologist had devoted his life to conserving, he was arrested and tortured for a month in the basement of a hotel, as the militants tried to find out the locations of the hidden treasures.

Antiquities experts say the extremist group made millions of dollars by trafficking artefacts looted from across Syria, Iraq, and Libya.

As a former Head of Antiquities at the site, until his retirement in 2003, Al Asaad had unparalleled knowledge of the site's most valuable artefacts.

Khaled Al Asaad was in charge of the Unesco World Heritage site at Palmyra for about 40 years, before retiring in 2003. Getty
Khaled Al Asaad was in charge of the Unesco World Heritage site at Palmyra for about 40 years, before retiring in 2003. Getty

His heroic refusal to give up the hidden treasures drew widespread acclaim from within Syria and beyond its borders.

For almost six years, the authorities and his family have been unable to find his remains.

Hopes were raised in February when several dismembered bodies were found near Palmyra.

But DNA samples provided by his son and brother Mohammed have now determined that the remains found do not belong to the fallen archaeologist.

The family were informed of the results by the Ministry of Interior on Monday.

Speaking when the remains were discovered, Mr Al Asaad said the family wanted his father to be buried in the grounds of the Palmyra National Museum.

“There is no place more sacred to my late father than this place. This is our wish as his family,” he told The National at the time.

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Series info

Test series schedule 1st Test, Abu Dhabi: Sri Lanka won by 21 runs; 2nd Test, Dubai: Play starts at 2pm, Friday-Tuesday

ODI series schedule 1st ODI, Dubai: October 13; 2nd ODI, Abu Dhabi: October 16; 3rd ODI, Abu Dhabi: October 18; 4th ODI, Sharjah: October 20; 5th ODI, Sharjah: October 23

T20 series schedule 1st T20, Abu Dhabi: October 26; 2nd T20, Abu Dhabi: October 27; 3rd T20, Lahore: October 29

Tickets Available at www.q-tickets.com

Stat Fourteen Fourteen of the past 15 Test matches in the UAE have been decided on the final day. Both of the previous two Tests at Dubai International Stadium have been settled in the last session. Pakistan won with less than an hour to go against West Indies last year. Against England in 2015, there were just three balls left.

Key battle - Azhar Ali v Rangana Herath Herath may not quite be as flash as Muttiah Muralitharan, his former spin-twin who ended his career by taking his 800th wicket with his final delivery in Tests. He still has a decent sense of an ending, though. He won the Abu Dhabi match for his side with 11 wickets, the last of which was his 400th in Tests. It was not the first time he has owned Pakistan, either. A quarter of all his Test victims have been Pakistani. If Pakistan are going to avoid a first ever series defeat in the UAE, Azhar, their senior batsman, needs to stand up and show the way to blunt Herath.

England's Ashes squad

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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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Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

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