Iraqi counter-terrorism forces stand guard in front of the US embassy in Baghdad.
Iraqi counter-terrorism forces stand guard in front of the US embassy in Baghdad.
Iraqi counter-terrorism forces stand guard in front of the US embassy in Baghdad.
Iraqi counter-terrorism forces stand guard in front of the US embassy in Baghdad.

Iraq: three rockets fired at US embassy in Green Zone


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Three rockets were fired at the US embassy in Iraq early on Thursday, the Iraqi army have said, at the end of a day marked by rocket and drone attacks on bases hosting American forces in Iraq and Syria.

The embassy itself was not hit, the army said, but three nearby places in Baghdad's heavily fortified Green Zone were.

One rocket landed near the headquarters of the National Security Agency, the second in a public square and the third on the outskirts of a residential area damaging a resident's car, the Iraqi military said.

A spate of recent attacks on US military and diplomatic facilities in Iraq has been blamed on pro-Iranian armed groups within a state-sponsored paramilitary force.

US forces, who have 2,500 troops deployed in Iraq as part of an international anti-ISIS group coalition, have been targeted almost 50 times this year in the country, but the past few days have seen an increase in the frequency of attacks.

On Wednesday, 14 rockets were fired at an airbase hosting American troops in the western province of Anbar, causing minor injuries to two personnel, the coalition and Iraqi military said.

A Shiite militant group called Revenge of Al Muhandis Brigade claimed responsibility and vowed to defeat the “brutal occupation”, according to the US-based SITE intelligence group, which monitors extremist groups.

The militant group is named after Abu Mahdi Al Muhandis of Iraq's Hashed Al Shaabi paramilitary alliance, who was killed in a US drone strike early last year along with the revered Iranian general Qasem Soleimani, SITE said.

Late last month, the US carried out air strikes against pro-Iran fighters in both Iraq and Syria.

The rockets on Wednesday “landed on the base and perimeter” of the Ain Al Assad base, coalition spokesman Wayne Marotto tweeted, adding that local homes and a mosque were also damaged.

Iraqi security forces said the rocket launcher had been hidden inside a lorry carrying bags of flour.

Similar attacks happened earlier this week.

On Monday night, US forces shot down an armed drone above the embassy, according to Iraqi security officials.

American defence systems fired rockets into the air in the capital, with Iraqi security sources saying the salvos had taken out an explosive-laden drone.

Just hours earlier, rockets had also been fired towards Ain Al Assad.

Asked about the renewed violence, state department spokesman Ned Price told reporters: “These attacks reflect and are representative of the threat that Iran-backed militias present fundamentally to Iraq's sovereignty and to Iraq's stability.”

Syria 'drone attacks'

Across the border in Syria, where pro-Iran fighters have fought alongside the Damascus regime in the decade-old civil war, Kurdish-led forces also reported attempted attacks near a coalition base.

The US-backed Syrian Democratic Forces said they repelled drone attacks near the base in the Omar oilfield in the country's east, in the second such operation in days.

“Our front-line forces against IS and coalition forces in the area of the Omar oilfield dealt with drone attacks,” it said, adding that the drones had caused no damage.

The Syrian Observatory for Human Rights, a Britain-based war monitor with sources inside Syria, said pro-Iran militias had probably launched the drones from a rural area outside the town of Al Mayadeen south-west of the oilfield.

It was the second such attack in days, after the SDF reported “two unidentified rocket-propelled grenades landed on the western side of the Al Omar oilfield” late on Sunday, which caused no casualties.

Pro-Iranian militias also fired several shells at Al Omar on Monday last week, causing damage but no casualties, the Observatory said.

The US launched air strikes the previous night against three targets it said were used by pro-Iran groups in eastern Syria and western Iraq.

Sohr said at least five “Iran-backed Iraqi militia fighters” were killed in the strikes on the Syrian side of the border.

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Day 2, Dubai Test: At a glance

Moment of the day Pakistan’s effort in the field had hints of shambles about it. The wheels were officially off when Wahab Riaz lost his run up and aborted the delivery four times in a row. He re-measured his run, jogged in for two practice goes. Then, when he was finally ready to go, he bailed out again. It was a total cringefest.

Stat of the day – 139.5 Yasir Shah has bowled 139.5 overs in three innings so far in this Test series. Judged by his returns, the workload has not withered him. He has 14 wickets so far, and became history’s first spinner to take five-wickets in an innings in five consecutive Tests. Not bad for someone whose fitness was in question before the series.

The verdict Stranger things have happened, but it is going to take something extraordinary for Pakistan to keep their undefeated record in Test series in the UAE in tact from this position. At least Shan Masood and Sami Aslam have made a positive start to the salvage effort.

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THE SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

Torque: 630Nm

Price: Dh999,563

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

Formula One top 10 drivers' standings after Japan

1. Lewis Hamilton, Mercedes 306
2. Sebastian Vettel, Ferrari 247
3. Valtteri Bottas, Mercedes 234
4. Daniel Ricciardo, Red Bull 192
5. Kimi Raikkonen, Ferrari 148
6. Max Verstappen, Red Bull 111
7. Sergio Perez, Force India 82
8. Esteban Ocon, Force India 65
9. Carlos Sainz Jr, Toro Rosso 48
10. Nico Hulkenberg, Renault 34

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Korean Film Festival 2019 line-up

Innocent Witness, June 26 at 7pm

On Your Wedding Day, June 27 at 7pm

The Great Battle, June 27 at 9pm

The Witch: Part 1. The Subversion, June 28 at 4pm

Romang, June 28 at 6pm

Mal Mo E: The Secret Mission, June 28 at 8pm

Underdog, June 29 at 2pm

Nearby Sky, June 29 at 4pm

A Resistance, June 29 at 6pm 

 

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

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Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

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.”

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Scoreline

Al Wasl 1 (Caio Canedo 90 1')

Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')

Red cards: Ismail Ahmed (Al Ain) 77'

Updated: July 08, 2021, 6:28 AM