A US soldier looks onto Baghdad from a guardhouse near the International Zone, in May 2021. Getty Images
A US soldier looks onto Baghdad from a guardhouse near the International Zone, in May 2021. Getty Images
A US soldier looks onto Baghdad from a guardhouse near the International Zone, in May 2021. Getty Images
A US soldier looks onto Baghdad from a guardhouse near the International Zone, in May 2021. Getty Images

Withdrawal of US forces puts Iraq's security at risk, warn analysts


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The potential withdrawal of US forces from Iraq could leave Baghdad unequipped to deal with deep-rooted security problems, from powerful Iran-backed militias to lingering ISIS terror cells, analysts told The National.

Talks over the withdrawal of US forces are set to begin after both the US and Iraq issued statements on Thursday announcing that the US-Iraq Higher Military Commission would be meeting "in the coming days" to discuss the “transition to an enduring bilateral security partnership between Iraq and the United States.”

Iraqi Prime Minister Mohammed Shia Al Sudani has repeatedly called for a managed exit of US troops from Iraq, amid escalating violence between US forces and Iran-linked militias in the Popular Mobilisation Forces (PMF), which is funded by the Iraqi government.

Mr Al Sudani told the Davos forum this month that Iraq must “reach an understanding on a timeline for concluding the mission of the international advisers” now that ISIS was no longer a threat. He said US air strikes on PMF targets were destabilising Iraq.

Militia attacks on US forces have intensified to unprecedented levels this month, including a ballistic missile attack on Saturday that injured several US soldiers.

The US has retaliated with air strikes on militia targets in a spiralling cycle of violence since the Israel-Gaza war broke out on October 7.

“They're upset about our strikes, but they attacked coalition forces first,” said David Witty, a former US Special Forces officer who worked with Iraqi commandos, and is now an expert on security co-operation.

He said there have been about 150 attacks on US forces in Iraq and Syria since October and described the attacks as “daily”.

Rise of ISIS

This is not the first time the Iraqi government has asked US troops to depart. In 2009, Prime Minister Nouri Al Maliki asked US forces to leave within three years.

The US complied amid long negotiations on a possible training mission, but by 2011 their forces had been withdrawn. But they were invited back in 2014 in the form of the US-led international coalition against ISIS, which was complemented by a contingent from Nato.

ISIS had surged across the country in 2014, capturing the country's second-largest city of Mosul in June.

Western air support from the coalition, mostly co-ordinated with Iraq's Counter Terrorism Service, was vital in the campaign to recover territory from ISIS. During the fight, the CTS spearheaded most operations, having developed a close relationship with US Special Forces advisers.

Iran-backed militias also fought against ISIS outside of the framework of the coalition.

An Iraqi soldier aims his rifle during the battle against ISIS for Mosul in 2016. Reuters
An Iraqi soldier aims his rifle during the battle against ISIS for Mosul in 2016. Reuters

Since ISIS was largely defeated in 2017, American forces within the coalition have clashed with the Iran-backed militias under the PMF, which includes an array of groups.

Tensions escalated in January 2020 when the US killed the de facto leader of the PMF, Abu Mahdi Al Muhandis, and the architect of Iran's regional network, Islamic Revolutionary Guard Corps general Qassem Suleimani, in an air strike on Baghdad.

In the aftermath of the strike, then-prime minister Adil Abdul Mahdi sided with Iraqi MPs and voted to remove American forces.

But Mr Mahdi resigned amid a bloody crackdown on protests and was succeeded by prime minister Mustafa Al Kadhimi, who allowed the coalition mission to continue.

However, the balance of power has since shifted, with the current Prime Minister Mr Al Sudani seen as much closer to Tehran, strengthening calls by Iran-backed militias and parties for the US to leave.

Will ISIS re-emerge?

Analysts warn history could repeat itself if US troops withdraw again.

After the US withdrawal in 2011, Iraqi forces lost effectiveness due to an increase in corruption, with commanders selling fuel, ammunition and even food for personal gain, as well as falsifying payrolls to salaries.

Iraq struggled to co-ordinate its forces and resupply troops, leading to disaster against ISIS.

Recent coalition reports by a US inspector general warn many of these problems remain, especially with logistics, stoking fears that ISIS or similar groups could experience a resurgence if the US withdrew.

Mr Witty, who worked closely with the CTS that led the fight against ISIS, warned that the coalition's current training of Iraqi forces could be too limited for them to protect the state.

“There’s no contact with the Iraqi Security Forces other than through the MOD and that is pretty discouraging,” he says, describing what the coalition calls an “operational level” effort, focused on overseeing the planning of operations, rather than helping infantry at the sharp end of fighting.

Members of the Iraqi Counter-Terrorism Service undergo arms training at the Special Forces Academy near Baghdad International Airport in 2018. AFP
Members of the Iraqi Counter-Terrorism Service undergo arms training at the Special Forces Academy near Baghdad International Airport in 2018. AFP

Mr Witty advised that the US should continue training Iraqi forces based on the model of the CTS, which partnered small American and Iraqi units together.

“The lower level is better, you know, and a good example is the CTS, that we're down all the way to the company level. Generally, they did combined operations, there was a platoon size element of Iraqis and maybe a squad size element of Americans going out on missions. They learn by example.”

Mr Witty worries that without constant training, old problems could re-emerge, jeopardising Baghdad's ability to stand up to ISIS, or PMF groups such as Harakat Hezbollah Al Nujaba, who have warned they could overthrow the Iraqi government if requested by Iran.

There is a risk Iraq’s military culture “reverts back to its original self,” Mr Witty warned.

“We saw this happen after 2011. The standards go down, things deteriorate. And that's what I'm particularly worried about, with the CTS and probably what's happening right now with the regular army,” he said.

Iraqi Counter-Terrorism Service members take part in the tactical exercise (Lions' Leap) in Baghdad, Iraq, July 11, 2022. Reuters
Iraqi Counter-Terrorism Service members take part in the tactical exercise (Lions' Leap) in Baghdad, Iraq, July 11, 2022. Reuters

No end to conflict with Iran

Aside from the threat from ISIS, experts warn that the conflict between the US and Iran in Iraq is unlikely to fade away if US troops withdraw.

“In 2011, when the US last left, Daesh was getting much stronger in Syria and beginning to recover strength in Iraq. This is not the case now: Daesh is not the real threat now: the main risk to Iraqi security is state capture and asset-stripping by Iran-backed militias,” said Michael Knights, an Iraq expert at the Washington Institute for Near East Policy.

He warned that the capture of the Iraqi state by the PMF has not only led to a lack of funding for Iraq's CTS but also makes renewed conflict between the US and the PMF likely.

“Everything is happening at the ministerial level for your regular security forces and the Iraqi central government has been infiltrated by the PMF. They're embedded in all the ministries now. Not just actual ministers, but assistant ministers and deputy ministers, they're all guys from the various militias, chosen by the (political coalition) Coordination Framework. This doesn't look good to me, what the Iranians have been able to do,” he says.

In the current Iraqi government budget, funding for the CTS is down 14 per cent, while the PMF budget has doubled.

“We needed to be in federal Iraq to fight Daesh because we had an Iraqi partner, but now there is no partner inside Iraq to fight the main threat – because the militias have taken over the security sector,” Mr Knights says.

Members of Iraq's Popular Mobilisation Forces (PMF) paramilitaries chant slogans ahead of the funeral of one of the group's members in Baghdad. AFP
Members of Iraq's Popular Mobilisation Forces (PMF) paramilitaries chant slogans ahead of the funeral of one of the group's members in Baghdad. AFP

Mr Knights also says if Iraq becomes essentially an operating base for the PMF’s regional wars, then the conflict between the US and the militias may well continue, with US forces launching strikes from outside the country.

“The US may be better able to strike, sanction and otherwise damage those militias if it is outside Iraq,” said Mr Knights.

“Iraq may or may not experience fewer air strikes if the coalition is collapsed, because a US President may be less restrained if our forces, and perhaps our embassy, is forced to leave. And that president could be a Republican,” he said.

“Economic stability would definitely worsen in Iraq if the US has no incentive to show restraint regarding the sheltering of Iraqi monies from international lawsuits and if the US rations Iraq’s supply of dollars because terrorist actors are seen to have taken over the country and its finance ministry,” he said.

Mr Knights said bilateral security agreements, such as the one between France and the Iraqi government, might be a way ahead.

“This depends if the withdrawal is a fake withdrawal. Nowadays we have fake resistance (rocket attacks that constantly aim to miss or convoy attacks that hit trucks with no Americans on them). If the change in status is done in a minimal way, very little may change.”

“The same forces might remain but as American and Canadian and French forces, just with bilateral invitation letters to remain.”

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A
Abaya trends

The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

MATCH INFO

Euro 2020 qualifier

Croatia v Hungary, Thursday, 10.45pm, UAE

TV: Match on BeIN Sports

Results

Final: Iran beat Spain 6-3.

Play-off 3rd: UAE beat Russia 2-1 (in extra time).

Play-off 5th: Japan beat Egypt 7-2.

Play-off 7th: Italy beat Mexico 3-2.

Race results:

1. Thani Al Qemzi (UAE) Team Abu Dhabi: 46.44 min

2. Peter Morin (FRA) CTIC F1 Shenzhen China Team: 0.91sec

3. Sami Selio (FIN) Mad-Croc Baba Racing Team: 31.43sec

Guns N’ Roses’s last gig before Abu Dhabi was in Hong Kong on November 21. We were there – and here’s what they played, and in what order. You were warned.

  • It’s So Easy
  • Mr Brownstone
  • Chinese Democracy
  • Welcome to the Jungle
  • Double Talkin’ Jive
  • Better
  • Estranged
  • Live and Let Die (Wings cover)
  • Slither (Velvet Revolver cover)
  • Rocket Queen
  • You Could Be Mine
  • Shadow of Your Love
  • Attitude (Misfits cover)
  • Civil War
  • Coma
  • Love Theme from The Godfather (movie cover)
  • Sweet Child O’ Mine
  • Wichita Lineman (Jimmy Webb cover)
  • Wish You Were Here (instrumental Pink Floyd cover)
  • November Rain
  • Black Hole Sun (Soundgarden cover)
  • Knockin’ on Heaven’s Door (Bob Dylan cover)
  • Nightrain

Encore:

  • Patience
  • Don’t Cry
  • The Seeker (The Who cover)
  • Paradise City
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

THE SPECS

Engine: Four-cylinder 2.5-litre

Transmission: Seven-speed auto

Power: 165hp

Torque: 241Nm

Price: Dh99,900 to Dh134,000

On sale: now

 

 

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

 

 

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.”

How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

Name: Colm McLoughlin

Country: Galway, Ireland

Job: Executive vice chairman and chief executive of Dubai Duty Free

Favourite golf course: Dubai Creek Golf and Yacht Club

Favourite part of Dubai: Palm Jumeirah

 

The specs

Engine: 0.8-litre four cylinder

Power: 70bhp

Torque: 66Nm

Transmission: four-speed manual

Price: $1,075 new in 1967, now valued at $40,000

On sale: Models from 1966 to 1970

AT%20A%20GLANCE
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More from Armen Sarkissian
RESULTS

5pm: Maiden | Dh80,000 |  1,600m
Winner: AF Al Moreeb, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

5.30pm: Handicap |  Dh80,000 |  1,600m
Winner: AF Makerah, Adrie de Vries, Ernst Oertel

6pm: Handicap |  Dh80,000 |  2,200m
Winner: Hazeme, Richard Mullen, Jean de Roualle

6.30pm: Handicap |  Dh85,000 |  2,200m
Winner: AF Yatroq, Brett Doyle, Ernst Oertel

7pm: Shadwell Farm for Private Owners Handicap |  Dh70,000 |  2,200m
Winner: Nawwaf KB, Patrick Cosgrave, Helal Al Alawi

7.30pm: Handicap (TB) |  Dh100,000 |  1,600m
Winner: Treasured Times, Bernardo Pinheiro, Rashed Bouresly

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

UAE currency: the story behind the money in your pockets
It's up to you to go green

Nils El Accad, chief executive and owner of Organic Foods and Café, says going green is about “lifestyle and attitude” rather than a “money change”; people need to plan ahead to fill water bottles in advance and take their own bags to the supermarket, he says.

“People always want someone else to do the work; it doesn’t work like that,” he adds. “The first step: you have to consciously make that decision and change.”

When he gets a takeaway, says Mr El Accad, he takes his own glass jars instead of accepting disposable aluminium containers, paper napkins and plastic tubs, cutlery and bags from restaurants.

He also plants his own crops and herbs at home and at the Sheikh Zayed store, from basil and rosemary to beans, squashes and papayas. “If you’re going to water anything, better it be tomatoes and cucumbers, something edible, than grass,” he says.

“All this throwaway plastic - cups, bottles, forks - has to go first,” says Mr El Accad, who has banned all disposable straws, whether plastic or even paper, from the café chain.

One of the latest changes he has implemented at his stores is to offer refills of liquid laundry detergent, to save plastic. The two brands Organic Foods stocks, Organic Larder and Sonnett, are both “triple-certified - you could eat the product”.  

The Organic Larder detergent will soon be delivered in 200-litre metal oil drums before being decanted into 20-litre containers in-store.

Customers can refill their bottles at least 30 times before they start to degrade, he says. Organic Larder costs Dh35.75 for one litre and Dh62 for 2.75 litres and refills will cost 15 to 20 per cent less, Mr El Accad says.

But while there are savings to be had, going green tends to come with upfront costs and extra work and planning. Are we ready to refill bottles rather than throw them away? “You have to change,” says Mr El Accad. “I can only make it available.”

Updated: January 26, 2024, 7:59 AM