A secret operation has freed a 21-year-old Yazidi woman from Gaza a decade after she was kidnapped by ISIS militants in Iraq.
The operation was months in the making and involved Israel, the US and Iraq, officials said.
The Yazidis are an ancient religious minority mostly found in Iraq and Syria, which saw more than 5,000 members killed and thousands kidnapped in an ISIS campaign in 2014 that the UN has said constituted genocide.
Iraq's Yazidis wait for ISIS-abducted relatives to return - in pictures
The woman, identified as Fawzia Sido, was freed after more than four months of efforts that involved several failed attempts to the difficult security situation during Israel's military offensive in Gaza, Silwan Sinjaree, chief of staff of Iraq's foreign minister, told Reuters.
Reuters could not reach the woman directly for comment, with Iraqi officials saying she was resting after having been reunited with her family in northern Iraq.
Iraqi officials had been in contact with the woman for months and passed on her information to US officials, who arranged for her exit from Gaza with the help of Israel, according to a source. Iraq and Israel do not have any diplomatic ties.
The Israeli military said it had co-ordinated with the US embassy and "other international actors" in the operation to free Ms Sido.
It said in a statement her captor had been killed during the Israel-Hamas war, presumably by an Israeli strike, and she then fled to a hideout inside the Gaza Strip.
"In a complex operation co-ordinated between Israel, the United States and other international actors, she was recently rescued in a secret mission from the Gaza Strip through the Kerem Shalom [Karam Abu Salem] crossing," it said.
Drought in Iraq reveals Yazidi shrine, cemetery and school - in pictures
After entering Israel, Ms Sido continued on to Jordan through the Allenby Bridge crossing, and from there returned to her family in Iraq, the military said.
A State Department representative said the US on Tuesday "helped to safely evacuate from Gaza a young Yazidi woman to be reunited with her family in Iraq".
The representative said she was kidnapped from her home in Iraq aged 11 and sold and trafficked to Gaza. Her captor was recently killed, allowing her to escape and seek repatriation.
Mr Sinjaree said Ms Sido was in good physical condition but was traumatised by her time in captivity and by the dire humanitarian situation in Gaza.
Iraqi Prime Minister Mohammed Shia Al Sudani had directly followed up on the issue with US officials on the sidelines of the UN General Assembly in New York last month, according to Khalaf Sinjar, his adviser for Yazidi affairs.
More than 6,000 Yazidis were captured by ISIS militants from Sinjar region in Iraq in 2014, with many sold into sexual slavery or trained as child soldiers and taken across borders, including to Syria.
Over the years, more than 3,500 have been rescued or freed, according to Iraqi authorities, with about 2,600 still missing.
Many are feared dead but Yazidi activists say they believe hundreds are still alive.
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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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