A fighter of the Iraqi Kataib Hezbollah militia inspects the site of a US air strike in Hilla, Iraq, in December 2023. Reuters
A fighter of the Iraqi Kataib Hezbollah militia inspects the site of a US air strike in Hilla, Iraq, in December 2023. Reuters
A fighter of the Iraqi Kataib Hezbollah militia inspects the site of a US air strike in Hilla, Iraq, in December 2023. Reuters
A fighter of the Iraqi Kataib Hezbollah militia inspects the site of a US air strike in Hilla, Iraq, in December 2023. Reuters

Iraq truce hangs in the balance after US strike on militant base


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Iran-backed armed groups in Iraq are considering the fate of a truce with US-led coalition forces following the killing of at least four of its members in a US strike on a Popular Mobilisation Forces' base in Babil province, south of Baghdad, on Tuesday night.

The PMF, an umbrella term for groups of armed fighters that are officially part of the Iraqi security forces, confirmed members of its 47th Brigade had been killed in an attack carried out "by missiles fired from drones".

The brigade belongs to Kataib Hezbollah, one of the most fiercely anti-US groups within the PMF.

“The Iraqi factions will respond to the Israeli and American crimes, and will support the 'Axis of Resistance' in every step they take,” Haider Al Lami, a member of the political council of Al Nujaba Movement in Iraq, told The National.

"All Israeli sites will become targets and within reach of the fire of Iraqi factions."

The number of PMF fighters killed was mentioned on a Telegram channel affiliated with the group, although the PMF's central media unit did not confirm the death toll.

In a statement, Kataib Hezbollah, another Iran-backed faction, said it would decide on "an appropriate response" after discussions with groups in the Islamic Resistance in Iraq.

Every decision taken by that group applies to Al Nujaba, Mr Al Lami added, including the issue of the truce that was agreed with US forces present in Iraq and Syria.

"The Zionists and the Americans have opened the doors of hell on themselves," Akram Al Kaabi, Al Nujaba's leader, said in a statement on X. "They will not succeed in their cowardly acts."

Al Nujaba Movement is a member of the Islamic Resistance in Iraq, a coalition of Iran-backed groups that has claimed scores of attacks on US forces stationed in Iraq and Syria since the Israeli war on Gaza started on October 7.

The warring parties agreed to an unofficial truce early this year, which has generally held despite sporadic attacks on US troops. The lull was aimed at preventing escalation after the killing of three US soldiers at the Iraq-Jordan border and to allow scope for negotiations around the departure of US troops from Iraq.

But the calm may end after the strikes on Tuesday night, Iraqi armed groups warned.

A senior Iraqi army official was more cautious about the possibility of the truce ending and expected the PMF would not want an escalation.

"There is a possibility [of the truce ending] but the chances are low, because in the end, the PMF submits to the status quo – they will be quiet and not retaliate," the official said on condition of anonymity. "They are really scared of the United States because it targets them in precise operations using drones."

Iraq condemned the strike on the PMF base, calling it "a heinous crime and blatant aggression".

Maj Gen Yahya Rasool, an Iraqi military spokesman, said the attack was a "serious violation" of the US forces' mission and mandate in Iraq, where they are assisting the country's military in counter-ISIS operations.

"Such serious and uncalculated transgressions can significantly undermine all efforts, mechanisms and frameworks of joint security work to combat ISIS in Iraq and Syria," he said in a statement. "They also risk dragging Iraq and the entire region into dangerous conflicts and wars."

The attack took place at Jurf Al Sakhr, an area Babil widely known as a PMF base used by Kataib Hezbollah.

The strikes came as violence between Israel and Iran-backed Hezbollah and Hamas escalated dramatically across the region.

The latest escalation comes as the fate of a senior Hezbollah commander Fuad Shukr remains unknown after an Israeli strike on Beirut's southern suburbs on Tuesday night. A suspected Israeli attack on Tehran killed Hamas politburo leader Ismail Haniyeh.

The US said it carried out what it described as a "self-defence air strike" on fighters who were trying to launch drones that were deemed a threat to US and allied troops.

About 2,500 US troops are stationed in Iraq as part of the international coalition against ISIS.

Kataib Hezbollah claimed the attack targeted "drone experts" who were preparing surveillance drones that would be used to secure Karbala during the imminent Arbaeen pilgrimage. The event involves millions of mostly Shiite Muslims visiting the holy city and has previously been the target of suicide bombings.

There has been a significant push by Baghdad and the Iran-backed factions for the coalition to leave Iraq. The Iraqi and US governments held talks last week in Washington, where they put the final touches on a withdrawal deal and a post-departure security relationship.

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.”

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

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MATCH INFO

Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
 
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Namibia beat Oman by 52 runs
UAE beat Namibia by eight wickets
UAE v Oman - abandoned
Oman v Namibia - abandoned

MATCH INFO

Real Madrid 2

Vinicius Junior (71') Mariano (90 2')

Barcelona 0

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The biogs

Name: Zinah Madi

Occupation: Co-founder of Dots and links

Nationality: Syrian

Family: Married, Mother of Tala, 18, Sharif, 14, Kareem, 2

Favourite Quote: “There is only one way to succeed in anything, and that is to give it everything.”

 

Name: Razan Nabulsi

Occupation: Co-founder of Dots and Links

Nationality: Jordanian

Family: Married, Mother of Yahya, 3.5

Favourite Quote: A Chinese proverb that says: “Be not afraid of moving slowly, be afraid only of standing still.”

The biog

From: Upper Egypt

Age: 78

Family: a daughter in Egypt; a son in Dubai and his wife, Nabila

Favourite Abu Dhabi activity: walking near to Emirates Palace

Favourite building in Abu Dhabi: Emirates Palace

Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes. 
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com

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What The Saudia Ad Diriyah E-Prix

When Saturday

Where Diriyah in Saudi Arabia

What time Qualifying takes place from 11.50am UAE time through until the Super Pole session, which is due to end at 12.55pm. The race, which will last for 45 minutes, starts at 4.05pm.

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Francesco Totti's bio

Born September 27, 1976

Position Attacking midifelder

Clubs played for (1) - Roma

Total seasons 24

First season 1992/93

Last season 2016/17

Appearances 786

Goals 307

Titles (5) - Serie A 1; Italian Cup 2; Italian Supercup 2

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The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.

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Men:
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62kg – Joao Gabriel de Sousa
69kg – Gianni Grippo
77kg – Caio Soares
85kg – Manuel Ribamar
94kg – Gustavo Batista
110kg – Erberth Santos

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55kg – Nathalie Ribeiro
62kg – Gabrielle McComb
70kg – Thamara Silva
90kg – Gabrieli Pessanha

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Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

THE BIO

Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13 

Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier

Favourite place to travel to: Any walkable city. I also love nature and wildlife 

What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents. 

Favorite place to go in the UAE: A quiet beach.

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
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Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
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GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

COMPANY PROFILE

Name: N2 Technology

Founded: 2018

Based: Dubai, UAE

Sector: Startups

Size: 14

Funding: $1.7m from HNIs

Updated: July 31, 2024, 1:09 PM