The internationally backed Syrian Democratic Forces, which led the fight against ISIS in north-east Syria, has stopped all joint counter-terrorism operations against the group after Turkey launched attacks on its positions.
The SDF is preparing for a ground invasion by Turkey, after President Recep Tayyip Erdogan's announcement last month that "tanks and soldiers" would soon cross the border following a bombing in central Istanbul that Ankara blames on Kurdish separatists.
“All co-ordination and joint counter-terrorism operations with the coalition [against ISIS]” had been halted, SDF spokesman Aram Henna told Reuters on Friday.
Turkey has carried out extensive shelling of SDF positions in Syria since the bombing, which a former senior US official in the coalition said had killed key personnel in the fight against ISIS.
"In recent months, the SDF has had members of its anti-terror forces killed by Turkey, including a commander of the anti-terror forces Jiyan Tolhildan, a senior commander of the most elite special operations anti-terror forces of the SDF," Col Myles B Caggins III, former spokesman for the US-led coalition against ISIS, told The National.
"A few days ago, more anti-terror troops in Hasakah were killed in Turkish raids. These troops were trained by US Commando Special Forces."
He said another reason for the halt in operations was the need for using "intellectual energy or planning" to protect north-eastern Syria from a potential ground invasion.
"The SDF is still going to have checkpoints and local security points but they are pausing some of the more sophisticated raids," Col Caggins said.
Turkey has blamed a bombing in central Istanbul on November 13, which killed six and wounded 81, on Kurdish separatist groups it sees as the same as the factions that make up the SDF.
The SDF, a grouping of factions led by Kurdish forces, has denied any involvement in the attack.
The SDF conducts most of the anti-ISIS operations with US forces helping in intelligence gathering through helicopters and drones, Col Caggins said.
With SDF forces focused on preparing defences against Turkey, US forces on the ground have also effectively halted counter-ISIS operations.
"Now we just have US troops sitting on the SDF bases and waiting for the situation to pass so they can resume collecting intelligence and planning operations against ISIS," the colonel said.
The SDF received extensively funded training and equipment as they led the ground attack on ISIS that defeated the group in Syria in 2019.
Sporadic ISIS attacks and bombings still take place and the coalition assists the SDF in raiding sleeper cells. It also guards tens of thousands of former ISIS fighters, their families and international recruits who travelled to join the group in Syria.
Despite warnings from both Russia — which backs Syria’s President Bashar Al Assad — and the US — which backs the SDF — not to launch an invasion of north-east Syria, Turkey has been shelling positions and preparing an attack.
Although Turkey says it is targeting militant Kurdish separatists for the attack in Istanbul, Col Caggins says the shelling is already affecting civilians in the region.
"All those attacks from Turkey are a massive distraction and are causing despair and terrorising civilian populations all through northern and eastern Syria, including a variety of people like Christians, Muslims, Kurds, Turkmen and Assyrians," he said.
"They're all under duress and there is likely to be more mass migration and refugees into the Iraqi Kurdistan region, which is even more troubling because winter is approaching."
Col Caggins said Turkey had already bombed and caused damage to vital infrastructure including grin silos and power stations, which are vital for providing heat during the winter.
There is also the risk of escalation with local, pro-Damascus and international soldiers on the ground in north-east Syria.
Farhad Shami, the head of the SDF media centre, confirmed to The National that Russia had sent reinforcements to one of its bases near northern Aleppo in anticipation of a conflict in the north-east.
Mr Shami said the SDF did not have a big presence in that area, but confirmed that Russian heavy weapons were deployed "for the first time" at the base.
He said: "We are in continuous conversations with the Russians as they are the guarantors of peace between us and Syria."
The possible conflict comes at a difficult time with Mr Erdogan signalled that he would be open to a meeting with Mr Al Assad in a bid to end more than a decade of poor Turkish-Syrian relations caused by the decade-long civil war.
"There can be no resentment in politics," he told reporters on Wednesday.
Mr Shami did not comment on what would happen to the SDF, or its relationship with Russia, if Turkish ties with the Syrian government were reinstated.
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.”
Pots for the Asian Qualifiers
Pot 1: Iran, Japan, South Korea, Australia, Qatar, United Arab Emirates, Saudi Arabia, China
Pot 2: Iraq, Uzbekistan, Syria, Oman, Lebanon, Kyrgyz Republic, Vietnam, Jordan
Pot 3: Palestine, India, Bahrain, Thailand, Tajikistan, North Korea, Chinese Taipei, Philippines
Pot 4: Turkmenistan, Myanmar, Hong Kong, Yemen, Afghanistan, Maldives, Kuwait, Malaysia
Pot 5: Indonesia, Singapore, Nepal, Cambodia, Bangladesh, Mongolia, Guam, Macau/Sri Lanka
The specs: 2018 Jeep Grand Cherokee Trackhawk
Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WonderTree%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20April%202016%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Muhammad%20Waqas%20and%20Muhammad%20Usman%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Karachi%2C%20Pakistan%2C%20Abu%20Dhabi%2C%20UAE%2C%20and%20Delaware%2C%20US%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Special%20education%2C%20education%20technology%2C%20assistive%20technology%2C%20augmented%20reality%3Cbr%3EN%3Cstrong%3Eumber%20of%20staff%3A%20%3C%2Fstrong%3E16%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EGrowth%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Grants%20from%20the%20Lego%20Foundation%2C%20UAE's%20Anjal%20Z%2C%20Unicef%2C%20Pakistan's%20Ignite%20National%20Technology%20Fund%3C%2Fp%3E%0A
Innotech Profile
Date started: 2013
Founder/CEO: Othman Al Mandhari
Based: Muscat, Oman
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
More from Neighbourhood Watch:
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
COMPANY PROFILE
Name: Lamsa
Founder: Badr Ward
Launched: 2014
Employees: 60
Based: Abu Dhabi
Sector: EdTech
Funding to date: $15 million
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)
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
MATCH INFO
Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')
Leeds United 0
TOURNAMENT INFO
Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia
UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5