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.

The biog

Hobbies: Salsa dancing “It's in my blood” and listening to music in different languages

Favourite place to travel to: “Thailand, as it's gorgeous, food is delicious, their massages are to die for!”  

Favourite food: “I'm a vegetarian, so I can't get enough of salad.”

Favourite film:  “I love watching documentaries, and am fascinated by nature, animals, human anatomy. I love watching to learn!”

Best spot in the UAE: “I fell in love with Fujairah and anywhere outside the big cities, where I can get some peace and get a break from the busy lifestyle”

Cultural fiesta

What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421,  Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day. 

MATCH INFO

England 2
Cahill (3'), Kane (39')

Nigeria 1
Iwobi (47')

If you go:
The flights: Etihad, Emirates, British Airways and Virgin all fly from the UAE to London from Dh2,700 return, including taxes
The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
Harry Potter and the Cursed Child is on now at the Palace Theatre. Tickets need booking significantly in advance
Entrance to the Harry Potter exhibition at the House of MinaLima is free
The hotel: The grand, 1909-built Strand Palace Hotel is in a handy location near the Theatre District and several of the key Harry Potter filming and inspiration sites. The family rooms are spacious, with sofa beds that can accommodate children, and wooden shutters that keep out the light at night. Rooms cost from £170 (Dh808).

Men's football draw

Group A: UAE, Spain, South Africa, Jamaica

Group B: Bangladesh, Serbia, Korea

Group C: Bharat, Denmark, Kenya, USA

Group D: Oman, Austria, Rwanda

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.”

World ranking (at month’s end)
Jan - 257
Feb - 198
Mar - 159
Apr - 161
May - 159
Jun – 162
Currently: 88

Year-end rank since turning pro
2016 - 279
2015 - 185
2014 - 143
2013 - 63
2012 - 384
2011 - 883

Profile

Company name: Jaib

Started: January 2018

Co-founders: Fouad Jeryes and Sinan Taifour

Based: Jordan

Sector: FinTech

Total transactions: over $800,000 since January, 2018

Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups

Where to buy

Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.com

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
The specs: 2018 Maserati Ghibli

Price, base / as tested: Dh269,000 / Dh369,000

Engine: 3.0-litre twin-turbocharged V6

Transmission: Eight-speed automatic

Power: 355hp @ 5,500rpm

Torque: 500Nm @ 4,500rpm

Fuel economy, combined: 8.9L / 100km

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Saudi Cup race day

Schedule in UAE time

5pm: Mohamed Yousuf Naghi Motors Cup (Turf), 5.35pm: 1351 Cup (T), 6.10pm: Longines Turf Handicap (T), 6.45pm: Obaiya Arabian Classic for Purebred Arabians (Dirt), 7.30pm: Jockey Club Handicap (D), 8.10pm: Samba Saudi Derby (D), 8.50pm: Saudia Sprint (D), 9.40pm: Saudi Cup (D)

'Nope'
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jordan%20Peele%0D%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Daniel%20Kaluuya%2C%20Keke%20Palmer%2C%20Brandon%20Perea%2C%20Steven%20Yeun%0D%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A

Manchester City transfers:

OUTS
Pablo Zabaleta, Bacary Sagna, Gael Clichy, Willy Caballero and Jesus Navas (all released)

INS
Ederson (Benfica) £34.7m, Bernardo Silva (Monaco) £43m 

ON THEIR WAY OUT?
Joe Hart, Eliaquim Mangala, Samir Nasri, Wilfried Bony, Fabian Delph, Nolito and Kelechi Iheanacho

ON THEIR WAY IN?
Dani Alves (Juventus), Alexis Sanchez (Arsenal)
 

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Scores

Rajasthan Royals 160-8 (20 ov)

Kolkata Knight Riders 163-3 (18.5 ov)

Updated: July 31, 2024, 1:09 PM