Syrians flee their homes in the Ghwayran neighbourhood in the northern city of Hasakeh on January 22, 2022. AFP
Syrians flee their homes in the Ghwayran neighbourhood in the northern city of Hasakeh on January 22, 2022. AFP
Syrians flee their homes in the Ghwayran neighbourhood in the northern city of Hasakeh on January 22, 2022. AFP
Syrians flee their homes in the Ghwayran neighbourhood in the northern city of Hasakeh on January 22, 2022. AFP

Civilians flee as Kurdish and ISIS fighters clash in north-east Syria


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Kurdish-led fighters clashed with ISIS in north-east Syria on Saturday near a prison that holds thousands of suspected extremists.

The Syrian Democratic Forces advanced slowly under the cover of US-led coalition air power in Ghwayran, Hassakeh governorate.

Fighting broke out on Thursday night when the extremist group unleashed its biggest attack in Syria since being defeated nearly three years ago.

More than 100 militants attacked Ghwayran Prison, sparking battles with US-backed Kurdish fighters in which dozens were killed.

Since their defeat, ISIS sleeper cells have carried out deadly attacks against the SDF as well as Syrian government forces on the west bank of the Tigris River.

“Attacking the detention facility was a top ISIS priority for more than a year,” said US State Department spokesman Ned Price.

“It is a credit to the diligent, capable efforts of the SDF and Global Coalition to Defeat ISIS forces that they were able to thwart numerous attacks during that period and limit the severity of this one.

“This attack highlights the importance of, and the need to fully fund, the Global Coalition to Defeat ISIS’s initiatives to improve the secure and humane detention of ISIS fighters, including by strengthening detention facility security. It also underscores the urgent need for countries of origin to repatriate, rehabilitate, reintegrate, and prosecute, where appropriate, their nationals detained in north-east Syria,” he added.

The group’s territorial control in Syria and Iraq, where they once declared their “caliphate”, was crushed by a years-long US-backed campaign, but it has killed scores of people in both countries in the past few months.

On Friday, the SDF’s top military commander, Mazloum Abadi, said ISIS had mobilised “most of its sleeper cells” to organise the prison break.

Farhad Shami, an SDF spokesman, said the militants arrived at Ghwayran Prison on Thursday evening armed with heavy machineguns and vehicles rigged with explosives.

The SDF brought more reinforcements into Hassakeh to regain control of areas taken by ISIS, residents said.

More civilians fled the areas of fighting as sounds of explosions echoed in the city and black smoke billowed from its southern edge.

Hassakeh governor Ghassan Khalil told Syrian state media that about 4,000 civilians had fled to areas controlled by Syrian government forces in the city and its suburbs.

Ghwayran Prison is the largest of about a dozen SDF-run centres holding suspected ISIS fighters, with about 5,000 inmates including commanders and figures considered among the most dangerous.

Another SDF spokesman, Siamand Ali, said most of the prison was under SDF control apart from a small part held by rioting prisoners.

“The battles are taking place on the edge of the prison,” and in nearby Zuhour, he said.

SDF fighters and US-led coalition aircraft attacked a technical academy building in which dozens of “Daesh terrorists took positions”, Mr Ali said.

The fighters were advancing slowly against ISIS gunmen in alleys and homes to protect the lives of civilians, he said.

About 45 ISIS militants were killed in the fighting, he said. A statement about SDF fatalities would be issued later, he said.

The Syrian Observatory for Human Rights, an opposition war monitor based in Britain, said that since Thursday night, 78 people had been killed — five civilians, 28 Kurdish fighters and 45 ISIS gunmen.

It said the SDF was using loudspeakers to call on the terrorists to surrender, but they refused to do so.

The Details

Article 15
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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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Director:Mike Mills

Stars:Joaquin Phoenix, Gaby Hoffmann, Woody Norman

Rating: 4/5

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

SANCTIONED
  • Kirill Shamalov, Russia's youngest billionaire and previously married to Putin's daughter Katarina
  • Petr Fradkov, head of recently sanctioned Promsvyazbank and son of former head of Russian Foreign Intelligence, the FSB. 
  • Denis Bortnikov, Deputy President of Russia's largest bank VTB. He is the son of Alexander Bortnikov, head of the FSB which was responsible for the poisoning of political activist Alexey Navalny in August 2020 with banned chemical agent novichok.  
  • Yury Slyusar, director of United Aircraft Corporation, a major aircraft manufacturer for the Russian military.
  • Elena Aleksandrovna Georgieva, chair of the board of Novikombank, a state-owned defence conglomerate.
UAE currency: the story behind the money in your pockets
Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

Specs

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Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

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The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

F1 drivers' standings

1. Lewis Hamilton, Mercedes 281

2. Sebastian Vettel, Ferrari 247

3. Valtteri Bottas, Mercedes 222

4. Daniel Ricciardo, Red Bull 177

5. Kimi Raikkonen, Ferrari 138

6. Max Verstappen, Red Bull 93

7. Sergio Perez, Force India 86

8. Esteban Ocon, Force India 56

Updated: January 22, 2022, 8:44 PM