Fighters from Hayat Tahrir Al Sham take part in a military training graduation ceremony in Syria's rebel-held Idlib province on August 16. AFP
Fighters from Hayat Tahrir Al Sham take part in a military training graduation ceremony in Syria's rebel-held Idlib province on August 16. AFP
Fighters from Hayat Tahrir Al Sham take part in a military training graduation ceremony in Syria's rebel-held Idlib province on August 16. AFP
Fighters from Hayat Tahrir Al Sham take part in a military training graduation ceremony in Syria's rebel-held Idlib province on August 16. AFP

Militants kill 11 Syrian soldiers in Idlib attack


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Militants killed 11 Syrian regime troops and wounded many others in Idlib on Saturday, in the latest in a string of attacks against Damascus and its allies in the country’s north-west.

Fighters from the Ansar Al Tawhid group and the Turkestan Islamic Party attacked troops in the south of Idlib province, the Syrian Observatory for Human Rights said, killing at least 11 and wounding 20 others.

Militants detonated explosives in specially-built tunnels beneath army positions and launched a simultaneous attack from other tunnels, the Observatory's director Rami Abdel Rahman.

Syria is witnessing some of the worst violence in years as fighting flares in Idlib and the southern region of Deraa.

Damascus and Russia have stepped up shelling, while rebel and militant groups have also increased attacks on Syrian army troops and fighters from Iran-backed groups close to President Bashar Al Assad.

ISIS has also staged attacks, while Israel has bombed Iran-linked facilities near the capital, killing dozens of fighters.

Civilians have also been targeted, with two killed in Russian air strikes at an abandoned water pumping station on Wednesday.

A woman and two children were also injured.

Moscow has increased bombing in the rebel-held north-west, swathes of which are controlled by the rebel group Hayat Tahrir Al Sham, headed by former Al Qaeda-affiliated fighters.

Both groups involved in Saturday’s attack are affiliated with HTS, which controls parts of Latakia, Aleppo and Hama provinces.

The war monitor said the death toll was expected to rise as the “intense clashes are still continuing”.

Seven HTS fighters were killed on Friday in bombardments by government forces and at least 13 others in Russian air strikes on Monday in northern Syria, said the Observatory, which relies on a network of sources on the ground in Syria for its reports.

Meanwhile, anti-regime protests have renewed in the southern region of Suweida, where members of the Druze minority have staged the largest demonstrations against President Assad in recent years.

The Syrian war has killed more than 500,000 people, forcing around half of the country's prewar population to flee their homes.

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

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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2 Kimi Raikkonen, Ferrari

3 Sebastian Vettel, Ferrari

4 Max Verstappen, Red Bull

5 Kevin Magnussen, Haas

6 Romain Grosjean, Haas

7 Nico Hulkenberg, Renault

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10 Valtteri Bottas, Mercedes

11 Fernando Alonso, McLaren

12 Stoffel Vandoorne, McLaren

13 Sergio Perez, Force India

14 Lance Stroll, Williams

15 Esteban Ocon, Force India

16 Brendon Hartley, Toro Rosso

17 Marcus Ericsson, Sauber

18 Charles Leclerc, Sauber

19 Sergey Sirotkin, Williams

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A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Updated: August 27, 2023, 9:06 AM