Troops from the Syrian Democratic Forces and the US-led coalition take part in military exercises in north-eastern Syria, in 2022. AFP
Troops from the Syrian Democratic Forces and the US-led coalition take part in military exercises in north-eastern Syria, in 2022. AFP
Troops from the Syrian Democratic Forces and the US-led coalition take part in military exercises in north-eastern Syria, in 2022. AFP
Troops from the Syrian Democratic Forces and the US-led coalition take part in military exercises in north-eastern Syria, in 2022. AFP

Iran and allies step up attacks on US forces and Kurdish militias in eastern Syria


Khaled Yacoub Oweis
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The US and its Kurdish militia allies in eastern Syria, the centre of the country's oil production, have come under increased pressure over the past week, with the wounding of several American personnel in two drone attacks, and Arab tribal proxies of Tehran challenging the grip of Kurdish auxiliaries in the area.

A western diplomat, speaking to The National, said the latest violence was a confluence of threats to the US and allies amid wider regional clashes, which could serve Syria's ambition to regain control of the east.

The violence – which has included pitched battles between militias backed by Damascus and US-backed Kurdish groups, comes as Israel and the US await an Iranian response to the killing of Hamas leader Ismail Haniyeh in Tehran.

Members of the Kurdish-led, US-backed Syrian Democratic Forces patrol an area at Dhiban town in Deir Ezzor province. EPA
Members of the Kurdish-led, US-backed Syrian Democratic Forces patrol an area at Dhiban town in Deir Ezzor province. EPA

It is expected to include a second direct attack on Israel by Iran or a spike in attacks on Israel by Iran's proxy militias in the region. Some of those militias, already clashing with US forces, could also step up attacks against American outposts.

Increased attacks in recent days against US bases in Syria and Iraq are seen as shot across the bows of Washington, which had sent sizeable reinforcements to the Middle East to help defend Israel.

The western diplomat said that “Iran is raising the pressure dose” on the US in eastern Syria, which is divided between Iranian, Russian and Kurdish-US zones of control.

“We could be seeing the beginning of a low-intensity, Iranian-backed resistance movement against the US and the Kurds,” he said.

Tehran, he said, does not want high-intensity operations to a degree that could draw US retaliation, against its troops, or against the Syrian Army, which has taken some offensive positions along the Euphrates River, particularly in Deir Ezzor, but has not launched any operations.

Instead, Damascus and Tehran rely in the area on a mix of regionally recruited militias, including Iraqis trained and funded by Iran, as well as Syrian paramilitary groups. In the past, such forces have even included units of Afghan and Pakistani Shiites.

Whatever Iran's strategy, violence is rising.

A Kurdish official in the YPG-controlled administration in the area told The National that a Kurdish security force, Asayish, launched late on Saturday a pre-emptive operation in the Hasakah countryside to stay a step ahead of Iran-linked fighters.

The official said that Iran had managed to form an Arab tribal force in Deir Ezzor whose members were previously divided between allegiance to the SDF and hostility towards it.

“It is an Iranian push with Arab faces,” he said. “The Iranians are sending a message to the US that they can widen their circle of response in Syria.”

The official said that the SDF has retaliated by surrounding Syrian security bases in the centre of Hasakah and Qamishli over the last several days and cutting off water from the compounds. The tension eased last night, he said, after Russian mediation.

US under attack

A US official told Reuters that several US personnel and others from allied countries were wounded in Friday's drone attack at Rumalyn Landing Zone, near one of Syria's largest oilfields.

Eastern Syria is the main link in a supply route from Tehran to Hezbollah in Lebanon. The US presence in the area, about 900 troops, has complicated this effort and acted as a check on Iran's regional efforts, as well as on Turkey, which had captured territory from the Kurdish militia over the last eight years.

US troops patrol near oil wells in Syria's Hasakah province. AFP
US troops patrol near oil wells in Syria's Hasakah province. AFP

But Ankara had stopped short of advancing into the heartland of eastern Syria, where the major oilfields are along with the bulk of Syria's wheat production.

Syrian President Bashar Al Assad has said the Kurdish-US occupation of the oilfields is a vital reason behind the country's economic woes, although outside experts point to the government's mismanagement of its economy and western sanctions.

Iraqi groups re-join fray

The US military initially indicated that there were no casualties in Friday's drone attack. It came after a rocket strike on Monday that wounded five US personnel at Al Asad airbase in western Iraq, later claimed by an Iran-linked Iraqi militia.

US Defence Secretary Lloyd Austin has said the US would not tolerate attacks on American personnel but Washington was also trying to de-escalate tensions in the region.

The US has less than 1,000 troops in Syria co-located with the Syrian Democratic Forces, a proxy force set up by the US at the beginning of the fight against ISIS in 2015, to act as a ground component in the American-led battles.

The SDF is dominated by the Peoples Protection Units (YPG) a Syrian Kurdish militia of the Turkish Kurdistan Workers Party (PKK) designated as a terrorist group in the US, much of Europe, and in Turkey.

The US intervention in the Syrian civil led to a Kurdish takeover of vast swathes of eastern Syria, a mixed region of Kurds and Arab tribes, raising resentment and helping Iran build allies in the area.

Last week, Arab tribal groups supported by the Syrian military and Iran attacked SDF areas in the eastern Deir Ezzor governorate. Several civilians were killed in the fighting, and hundreds fled their homes as two small towns on the Euphrates exchanged hands.

The tribal forces are led by a pro-Iranian militia called Lions of Okaidat. Like many pro-Iranian paramilitary groups, it was set up by Iran's Islamic Revolutionary Guard Corps, three years ago.

The force includes disgruntled fighters from other tribes who participated in a failed uprising last year against the SDF militia, which is dominated by Kurdish fighters.

The challenge to Kurdish militia domination has raised tensions between with Syrian Army.

For decades, the two sides have had an understanding of dividing the administration in the main urban centres of the east between them, particularly the cities Hasakah and Qamishli, where the Syrian Army and intelligence had kept main bases in the city centres.

Those agreements were mostly broken, or at best strained, as the country descended into civil war in 2011.

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Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Borussia Dortmund v Paderborn (11.30pm)

Saturday 

Bayer Leverkusen v SC Freiburg (6.30pm)

Werder Bremen v Schalke (6.30pm)

Union Berlin v Borussia Monchengladbach (6.30pm)

Eintracht Frankfurt v Wolfsburg (6.30pm)

Fortuna Dusseldof v  Bayern Munich (6.30pm)

RB Leipzig v Cologne (9.30pm)

Sunday

Augsburg v Hertha Berlin (6.30pm)

Hoffenheim v Mainz (9pm)

 

 

 

 

 

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.”

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
Al Jazira's foreign quartet for 2017/18

Romarinho, Brazil

Lassana Diarra, France

Sardor Rashidov, Uzbekistan

Mbark Boussoufa, Morocco

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Fourth-round clashes for British players

- Andy Murray (1) v Benoit Paire, Centre Court (not before 4pm)

- Johanna Konta (6) v Caroline Garcia (21), Court 1 (4pm)

NBA FINALS SO FAR

(Toronto lead 3-2 in best-of-seven series)

Game 1 Raptors 118 Warriors 109

Game 2 Raptors 104 Warriors 109

Game 3 Warriors 109 Raptors 123

Game 4 Warriors 92 Raptors 105

Game 5 Raptors 105 Warriors 106

Game 6 Thursday, at Oakland

Game 7 Sunday, at Toronto (if needed)

Updated: August 11, 2024, 8:16 PM