Al Hol camp, near the Syrian city of Hassakeh, is home to about 60,000 women and children linked to ISIS fighters, who have been held there since the defeat of the terror group in 2019. AFP
Al Hol camp, near the Syrian city of Hassakeh, is home to about 60,000 women and children linked to ISIS fighters, who have been held there since the defeat of the terror group in 2019. AFP
Al Hol camp, near the Syrian city of Hassakeh, is home to about 60,000 women and children linked to ISIS fighters, who have been held there since the defeat of the terror group in 2019. AFP
Al Hol camp, near the Syrian city of Hassakeh, is home to about 60,000 women and children linked to ISIS fighters, who have been held there since the defeat of the terror group in 2019. AFP

Syrian Kurds accuse Turkey of bombing ISIS prison camp as Erdogan mulls meeting Al Assad


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Turkish forces have bombed a detention centre housing thousands of families linked to ISIS, Syrian-Kurdish militias said on Monday, alleging that many could now escape.

Al Hol, near the Kurdish-held city of Hassakeh, is home to about 60,000 women and children who have been held there since the defeat of the terror group in its last Syrian bastion of Baghouz in 2019.

Our operations that we are carrying out with planes, artillery and guns are just the beginning
Turkish President Recep Tayyip Erdogan

The attack came as Turkey's President Recep Tayyip Erdogan said he would be open to meeting Syria's President Bashar Al Assad to discuss resolving the crisis, six days into a Turkish military operation in Syria and northern Iraq.

The Syrian Democratic Forces (SDF) have long appealed for international help in running Al Hol and repatriating extremists. They said Thursday's strike had already allowed some people inside the camp to escape.

The Syrian Observatory for Human Rights, a war monitor, said a warplane had struck an SDF position outside the camp, but there were conflicting accounts of how many bombs had struck the area.

The attack occurred as the Turkish military campaign in Syria and northern Iraq continued, aimed at Kurdish militias including the Kurdistan Workers Party (PKK), which is largely based in southern Turkey and northern Iraq, and the SDF. The operation was launched in response to a November 13 bombing in Istanbul, which killed six people, including two children.

Turkey blamed the SDF and PKK and said the operation was planned on Syrian soil.

The PKK are designated as a terror group by the US and EU, while the SDF has received support from the West in the war on ISIS, while also co-ordinating with Mr Al Assad's government.

Mr Erdogan has given a warning that the campaign will continue with further ground incursions — beyond land already controlled by Turkish troops and allied Syrian militias.

“Our operations that we are carrying out with planes, artillery and guns are just the beginning," the Turkish leader said on Wednesday. "Our determination to close down all of our southern borders, from Hatay to Hakkari, with a security strip that will prevent the possibility of attacks on our country is stronger than ever," he said.

Mr Erdogan also said on Wednesday he was open to meeting Mr Al Assad, telling reporters "there can be no resentment in politics."

Mr Al Assad is strongly opposed to the Turkish presence on Syrian soil, which includes Islamist militia groups trained and funded by Ankara, occupying parts of northern provinces including districts in Aleppo, Raqqa and Hassakeh. A number of Syrian soldiers have been killed in Turkey's recent offensive.

Turkey regularly conducts air strikes against Kurdish groups in Iraq and Syria. Some of the raids have killed civilians and emptied residential areas, prompting condemnation from Iraqi and Syrian authorities.

'Chaos' in ISIS-linked camp

ISIS-linked women reportedly escaped a Syrian refugee camp on Wednesday after the Turkish air strikes.

A representative of the SDF said several residents were able to escape after the camp's security was hit in a Turkish attack. They were later arrested.

Farhad Shami said the camp was still under threat of further attack with Turkish reconnaissance aircraft hovering over the site.

The Observatory said "chaos" broke out after two Turkish strikes hit the edge of the camp, while local Kurdish media outlets reported three.

The SDF, which works closely with the US-led coalition, has been key in territorially defeating ISIS in Syria, where the group still conducts insurgent attacks.

Turkish strikes "jeopardise the safety of civilians, fracture the hard-fought stability within the region and disrupt our common goal of defeating ISIS," the coalition said on Tuesday.

Kurdish authorities who control Al Hol are regularly attacked by camp residents, and some have been killed. The Kurds and the international community have repeatedly given warnings that the camp is a security burden and breeding ground for future extremism.

Other areas in the Hassakeh region were hit on Wednesday, including key oilfields. Turkish air strikes have also hit Kurdish camps in Russian and coalition bases.

Moscow, a staunch ally of Damascus, has urged Ankara not to conduct a full-scale invasion of the north-east in an attempt to expand its so-called safety corridor.

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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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Updated: November 24, 2022, 1:57 PM