• Candles are placed next to a picture of Iranian military commander Qassem Suleimani and Iraqi militia leader Abu Mahdi Al Muhandis, at Baghdad Airport in Iraq on Sunday, before events to mark the second anniversary of their killing. Reuters
    Candles are placed next to a picture of Iranian military commander Qassem Suleimani and Iraqi militia leader Abu Mahdi Al Muhandis, at Baghdad Airport in Iraq on Sunday, before events to mark the second anniversary of their killing. Reuters
  • The wreckages of vehicles are displayed at Baghdad Airport to commemorate the assassination of Suleimani and Al Muhandis. The two were killed on January 3, 2020, in a US drone strike near the airport. Reuters
    The wreckages of vehicles are displayed at Baghdad Airport to commemorate the assassination of Suleimani and Al Muhandis. The two were killed on January 3, 2020, in a US drone strike near the airport. Reuters
  • People pose for a photo in front of the wreckage of the car in which Suleimani and Al Muhandis were killed. AFP
    People pose for a photo in front of the wreckage of the car in which Suleimani and Al Muhandis were killed. AFP
  • A woman takes part in a commemoration ceremony at the spot where Suleimani and Al Muhandis were killed. AFP
    A woman takes part in a commemoration ceremony at the spot where Suleimani and Al Muhandis were killed. AFP
  • People light candles during remembrance events. AFP
    People light candles during remembrance events. AFP
  • Members of the Iraqi Popular Mobilisation Forces, or Hashed Al Shaabi, take part in a march. AFP
    Members of the Iraqi Popular Mobilisation Forces, or Hashed Al Shaabi, take part in a march. AFP
  • The killing of Suleimani, the architect of Iran’s strategy in the Middle East, sent shock waves across the region. AFP
    The killing of Suleimani, the architect of Iran’s strategy in the Middle East, sent shock waves across the region. AFP
  • Members of the PMF take selfies during the commemoration ceremony. AFP
    Members of the PMF take selfies during the commemoration ceremony. AFP
  • A man holds a large poster of Suleimani as Iraqis light candles near Baghdad's International Airport. AFP
    A man holds a large poster of Suleimani as Iraqis light candles near Baghdad's International Airport. AFP

Drones shot down over US base as Iraqis mourn Suleimani and Al Muhandis


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US forces shot down two "suicide drones" flying near their base at Baghdad's international airport on Monday, the second anniversary of the deaths of Iranian commander Qassem Suleimani and Iraqi militia leader Abu Mahdi Al Muhandis in an American drone strike.

Soldiers at Camp Victory brought down the drones with a counter-rocket, artillery and mortar (C-Ram) defence system about 4am local time, a police officer told The National.

He confirmed the authenticity of photos shared on social media that showed the messages “Leader’s revenge” and “Suleimani’s revenge” on the drones' wings.

A message painted on the wing of one of two drones shot down by US troops near Baghdad's international airport. Photo: US-led International Coalition
A message painted on the wing of one of two drones shot down by US troops near Baghdad's international airport. Photo: US-led International Coalition

Suleimani and Muhandis were killed on January 3, 2020, in a strike ordered by Donald trump, who was US president at the time. American drones fired three missiles at their convoy as it left the airport, killing the two men and several aides.

The shooting down of the drones on Monday came hours after a commemoration ceremony held outside the airport on Sunday night. Hundreds of supporters of the government-sanctioned Popular Mobilisation Forces, an umbrella group of mainly Iran-allied Shiite factions, gathered outside the airport, although few militia officials turned up.

In Iran, vigils for Suleimani were being organised across the country but marches and parades such as those of the past two years ago are not expected this time because of Covid-19.

Hundreds of billboards praising the general were erected in Tehran and leaders across the country have been vowing revenge and calling for the US to be held accountable.

Iran’s supreme leader Ayatollah Ali Khamenei gave a speech ahead of the anniversary, appearing to cry as he recounted how Suleimani was cherished. On Monday, President Ebrahim Raisi vowed to avenge Suleimani's death unless Mr Trump is put on trial.

As the head of Iran's elite Quds Force, Suleimani was the architect of Tehran’s proxy wars and policy in the Middle East, including Iraq.

Among ordinary Iranians, respect for the general was mixed with anger at the country's leadership.

Mina, a 30-year-old in Tehran, said that despite a pragmatic view of Suleimani’s role, few people she knew condoned the moves that Iran has made across the region over the past decade. “We have helped destroy countries and it has been disastrous; spending millions on other people and other countries when we ourselves are struggling,” she said.

And while she took part in the marches staged after the general's death in 2020, this was largely fuelled by the anger towards Mr Trump, she told The National.

Hassan, who also asked to be identified by only one name, said he respected Suleimani for doing his job properly, unlike the government.

He also credited the general for keeping ISIS out of Iran. “When other countries around us were suffering terrorism we were able to be safe and not worry. For that I will have respect for him,” he said.

However, he had no plans to attend any vigils or commemorations, citing a new wave of Covid-19 as his reason for staying home.

A billboard depicting the late Iranian general Qassem Suleimani in Tehran. AFP
A billboard depicting the late Iranian general Qassem Suleimani in Tehran. AFP

Commemorations of Suleimani's assassination were also held by the powerful Iran-backed Hezbollah movement in Lebanon and the Iran-supported Houthi rebels in Yemen.

In Baghdad on Sunday, mourners lit candles and placed flowers alongside pictures of Suleimani and Al Muhandis at the spot where the missiles hit the convoy and around the charred and crumpled wreckage of their car, which is mounted on a marble plinth.

Some waved Iraqi and PMF flags, and chanted slogans vowing revenge on the US. Poems in praise of the two men were recited from a podium as some cried and beat their chests in grief.

A black-clad young woman wore a headband with the words: “We are the sons of Al Muhandis”. Another man held a poster of the two men with the slogan: “The heroes of liberation fights”, referring to role of the PMF, under Suleimani's guidance, in the government's three-year battle to drive ISIS out of Iraq.

"The best way to honour their pure blood is to push for the US troops' withdrawal from Iraq," a man told the crowd from a podium.

"No, no to America," he shouted as the crowd chanted back.

After the 2003 US-led invasion that toppled Saddam Hussein’s regime, Suleimani played a key role in forming successive Shiite-led governments in Iraq as well as forming, training and funding Iraqi Shiite militias.

His assassination was the culmination of a long-running dispute between pro-Tehran militias and the US. It sent shockwaves across the region and sparked fears of a direct military confrontation between Washington and Tehran.

Iran-backed Shiite politicians and militias have been calling for the withdrawal of US troops stationed in Iraq as part of a global anti-ISIS coalition since late 2017, when Iraq declared victory over the terrorist group.

Tensions escalated in late 2018 when the US accused Kataib Hezbollah, established by Al Muhandis, of attacking Iraqi military bases hosting American troops, and launched strikes against Iraqi militias in Iraq and Syria.

The US said at the time that Suleimani was planning imminent action against US personnel in Iraq, a country long torn between the competing demands of Washington and Tehran, its principal allies.

Five days after Suleimani's killing, Iran fired missiles at an airbase in Iraq housing US troops and another near Erbil in the north, without causing casualties. Since then, US interests in Iraq have regularly come under attack from rockets, drones and roadside bombs.

COMPANY%20PROFILE
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PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ETerra%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Hussam%20Zammar%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Mobility%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%20funding%20of%20%241%20million%3Cbr%3E%3C%2Fp%3E%0A
AUSTRALIA SQUAD

Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle

RESULT

Wolves 1 (Traore 67')

Tottenham 2 (Moura 8', Vertonghen 90 1')

Man of the Match: Adama Traore (Wolves)

Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

COMPANY%20PROFILE
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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.”

PSA DUBAI WORLD SERIES FINALS LINE-UP

Men’s:
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)

Women's:
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)

Dunki
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rajkumar%20Hirani%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Taapsee%20Pannu%2C%20Vikram%20Kochhar%20and%20Anil%20Grover%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Schedule for show courts

Centre Court - from 4pm UAE time

Johanna Konta (6) v Donna Vekic

Andy Murray (1) v Dustin Brown

Rafael Nadal (4) v Donald Young

 

Court 1 - from 4pm UAE time

Kei Nishikori (9) v Sergiy Stakhovsky

Qiang Wang v Venus Williams (10)

Beatriz Haddad Maia v Simona Halep (2)

 

Court 2 - from 2.30pm

Heather Watson v Anastasija Sevastova (18)

Jo-Wilfried Tsonga (12) v Simone Bolelli

Florian Mayer v Marin Cilic (7)

 

Company%20Profile
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Starring: Jamie Foxx, Angela Bassett, Tina Fey

Directed by: Pete Doctor

Rating: 4 stars

Updated: January 03, 2022, 2:11 PM