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Iraqi Kurdish officials on Tuesday repeated calls for an anti-air defence system after Iran launched missiles at northern Iraq, killing five civilians on Monday night.
Tehran also hit areas of Syria outside the control of President Bashar Al Assad, regional sources said.
“We have asked for a defence system and federal and international support to bring this continuous violation and attacks to an end,” a Kurdish official told The National.
“It will take time,” he said, adding that Erbil welcomed this move and encouraged the instalment of “any system that protects the skies of the Kurdistan region from drones and missiles”.
In December, the US Congress passed a bill that includes equipping the Kurdish Peshmerga and Iraqi government forces with anti-air defence systems.
The bill, the 2024 National Defence Authorisation Act, is now waiting for President Joe Biden’s signature.
“It won't be easy to get, but we need this urgently,” said the Kurdish official.
The strikes occurred amid rising tensions between the US and Iran's proxy militias in the Middle East over the Israel-Gaza war. The militias have increased attacks against US and Israeli forces from Lebanon, Iraq, Syria and Yemen.
The main systems used by the US for this role, the Patriot system and Terminal High Altitude Air Defence, or THAAD, are currently in high demand for US forces and allies.
In July, a senior US commander involved in air defence said capacity was stretched amid a series of global emergencies.
Those include protecting US and South Korean forces from possible North Korean attacks as well as protecting US bases in the Middle East. Meanwhile, the US has donated or sold Patriot systems and their missiles – each interceptor costs around $3 million – to Ukraine and Israel.
Jordan has also requested the US use Patriot air defences to protect the kingdom, amid concerns of regional escalation.
Two children were among those killed in Monday's missile attacks on the Iraq's Kurdish city of Erbil, officials said. Erbil is controlled by the Kurdistan Democratic Party, an Kurdish armed group allied with the US.
Iran's Islamic Revolutionary Guard Corps, which oversees Tehran's proxies abroad, claimed it had hit a base hosting US military personnel and an Israeli Mossad headquarters in Erbil.
It said the attacks in Iraq's Kurdish region, which consists of three provinces, were also aimed at “destroying anti-Iranian terrorist groups” in the area.
Iraqi media reported that the father of the children, aged 11 months and 18 months, was believed to be prominent Kurdish businessman Peshraw Dizayee, who was also killed.
Iraqi Christian businessman Karam Mikhail, owner of food distribution company Rayyan Al Iraq Group, was also killed while visiting Mr Dizayee's home.
Mr Dizayee was a successful real estate developer in the Kurdish region.
An official in Erbil said the attack had mainly damaged his home.
“The Iranians are becoming hysteric. They want to show their people that they can respond to Israel,” the official said.
An official in Baghdad said he could not “understand how Tehran could conduct such a heinous act”.
“He was celebrating with his family in his own residence and it was targeted,” the Iraqi official told The National.
“We can't understand why Iran would target businessmen in the Kurdish region.”
The Iraqi official said Mr Dizayee was “just a businessman” and had “zero affiliation with politics”.
Last month, Israel killed IRGC commander Razi Mousavi in a strike near Damascus, Iranian media reported, as it increased its air raids on Tehran-linked targets in Syria.
Iran is a main backer of Hamas, the Palestinian militant group that sparked the war in Gaza with a surprise attack on Israel on October 7, killing about 1,200 people.
Iraq's Foreign Ministry denounced the attack on Erbil as “aggression against the sovereignty of Iraq and the security of the Iraqi people and harming good-neighbourly relations and the security of the region”.
The Iraqi government will file a complaint about the attack to the United Nations Security Council, it added.
Under Iraq's sectarian quotas, the Foreign Minister, Fouad Hussein, is Kurdish.
He is also a veteran KDP member, while the rest of Iraq's government mostly comprises pro-Iranian politicians.
Iraq has also summoned the Iranian charge d'affaires in Baghdad to protest against the attacks, the Foreign Ministry said, as it summoned the Iraqi ambassador in Tehran for discussions.
This is a very bold and strong move from Baghdad against Iran, it's important the government stays strong
Baghdad official
“This is a very bold and strong move from Baghdad against Iran, it's important the government stays strong,” said the official in Baghdad.
“The real answer to stopping these attacks is through dialogue.”
Iran’s Islamic Revolutionary Guard Corps also claimed responsibility for attacks on Monday in northern Syria said were aimed at ISIS and other militant groups.
KDP leader and former president of the Kurdish region Masoud Barzani said Iran's claims of a Mossad presence in the area were “baseless”.
“My message to the perpetrators of last night’s missile and drone attack: There is no pride in murdering civilians, you can kill us, but rest assured that the will of the people of Kurdistan shall remain unwavering,” he said.
Opposition sources in Syria said several Fateh 110 missiles were fired from Latakia, a coastal region controlled by the Fourth Division, a Syrian army unit under the command of Mr Al Assad's brother Maher.
The missiles hit an abandoned clinic in western Idlib and desert areas near the city of Palmyra. No casualties were reported.
The sources said the clinic had previously served as a base for the Turkistan Islamic Party in Syria, an Uighur group formerly allied with al Qaeda, but which now has tense relations with al Qaeda offshoot Hayat Tahrir Al Sham, which has been classified as a terrorist group by the US.
Tehran said the targets were ISIS operatives, in response to recent terror attacks, including bombings near the tomb of Gen Qassem Suleimani, commander of the IRGC's Quds Force.
“[ISIS] was targeted in headquarters of militant groups in Idlib in Syria in response to the group’s recent terrorist attacks in Iran,” Iranian news agencies said, quoting the IRGC.
On Tuesday morning, local media reported that civil defence teams in Erbil were still working to rescue a woman from under the rubble, while “heavy damage” was reported on the road connecting Erbil and the town of Pirmam.
Iran's Irna state news outlet alleged that Mr Dizayee had “close ties” to Mossad. The news outlet provided no evidence for the claim.
No US bases were affected by the missile strikes in Erbil and there were no American casualties, US officials have confirmed.
The claimed attack on the “Mossad headquarters” was retaliation for attacks on IRGC leaders, the Iranian armed forces unit said.
In recent years, Iran has carried out strikes in Iraq's northern Kurdistan region, saying the area is used as a staging ground for Iranian separatist groups, as well as agents of its arch enemy, Israel.
Erbil has also been repeatedly struck by Iran-backed militias in recent years, with militants attacking coalition troops based at the international airport.
Flights are not affected by the attacks, authorities said on Tuesday morning.
Iranian Foreign Ministry spokesman Nasser Kanaani said Tehran respected the sovereignty and territorial integrity of other countries but at the same time was using its “legitimate and legal right to deter national security threats”.
“After the enemy miscalculated by targeting the Islamic Republic, Iran retaliated with its high intelligence capability in a precise and targeted operation against the culprits' headquarters,” Mr Kanaani added.
Iran said the strikes in Syria were in retaliation to this month's attack on a police station in Sistan and Baluchestan province in the country's south-east that left 11 personnel killed and seven others wounded.
It was claimed by the hardline militant group Jaish Al Adl, or Army of Justice.
RESULTS - ELITE MEN
1. Henri Schoeman (RSA) 57:03
2. Mario Mola (ESP) 57:09
3. Vincent Luis (FRA) 57:25
4. Leo Bergere (FRA)57:34
5. Jacob Birtwhistle (AUS) 57:40
6. Joao Silva (POR) 57:45
7. Jonathan Brownlee (GBR) 57:56
8. Adrien Briffod (SUI) 57:57
9. Gustav Iden (NOR) 57:58
10. Richard Murray (RSA) 57:59
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
2021 World Triathlon Championship Series
May 15: Yokohama, Japan
June 5: Leeds, UK
June 24: Montreal, Canada
July 10: Hamburg, Germany
Aug 17-22: Edmonton, Canada (World Triathlon Championship Final)
Nov 5-6 : Abu Dhabi, UAE
Date TBC: Chengdu, China
'Worse than a prison sentence'
Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.
“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.
“They were living in perpetual mystery as to how their futures would pan out, and what that would be.
“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.
“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.
“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”
AVOID SCAMMERS: TIPS FROM EMIRATES NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
Company profile
Name: Fruitful Day
Founders: Marie-Christine Luijckx, Lyla Dalal AlRawi, Lindsey Fournie
Based: Dubai, UAE
Founded: 2015
Number of employees: 30
Sector: F&B
Funding so far: Dh3 million
Future funding plans: None at present
Future markets: Saudi Arabia, potentially Kuwait and other GCC countries
War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
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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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About Karol Nawrocki
• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.
• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.
• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.
• Met Donald Trump at the White House and received his backing.
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- Charlotte retained the SmackDown Women’s title against Asuka
- Seth Rollins won the Intercontinental title against The Miz and Finn Balor
- Naomi won the first WrestleMania Women’s Battle Royal
- Cedric Alexander won the vacant Cruiserweight title against Mustafa Ali
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