Syrian rebels launched a lightning offensive after pressure by Damascus ally Russia was unable to convince President Bashar Al Assad to engage in dialogue for a political solution to the conflict, including with key external players such as Turkey, two senior Syrian opposition officials told The National.
“The Russians made a great effort with the Syrian regime in convincing it to come to an understanding with Turkey, because the Russians' conviction was that great dangers will surround the Syrian regime, unless it engages seriously in the political process,” said Ahmed Touma, head of the opposition delegation to several rounds of Syria negotiations that have taken place between Russia, Iran and Turkey in the Kazakh capital Astana since 2017.
Russia, throwing resources into the conflict in Ukraine, has been more open to a political dialogue to solve the conflict and a suggestion to return to UN-backed political transition process. But Moscow's officials have so far been unwilling or unable to spark real momentum towards political transition, a second senior Syrian opposition official said.
Iran, Mr Assad's other key ally, has been unwilling to engage in a political process that would change the status quo in Syria, where it has built up networks of tens of thousands of militia fighters, some from Afghanistan and Pakistan, opposition officials involved in negotiations said.
“From what we know, and from what we noticed at the negotiating table, is that the Russians are more open to talking,” Ayman Al Asmi, spokesman for the Syrian opposition delegation at the Astana talks, told The National. “To a certain extent, they were open to talking and sort of accepted this kind of transition.
“I think this is because the Russians understand the reality on the ground in Syria and the international political situation. It's not that the Iranians don't understand but they always go for escalation.”
The Russians' conviction was that great dangers will surround the Syrian regime unless it engages seriously in the political process
Ahmed Touma,
head of the opposition delegation during Astana process
Mr Al Assad is facing one of his biggest challenges to power since the start of the uprising against his rule in 2011, which was met with brutal crackdowns and eventually spiralled into civil war.
Last week, in fewer than three days, a coalition of Syrian rebels including the former Al Qaeda affiliate Hayat Tahrir Al Sham, took the city of Aleppo, which had been under government control since 2016. Having seized weapons and military bases from pro-government forces, they are vowing to capitalise on their perhaps unexpected gains by pushing south towards Damascus. Their ability to do that is so far unproven.
A combination of attacks on civilian areas by government forces over the past year and the lack of meaningful engagement with the political negotiations prompted rebels to mount their offensive, opposition officials and analysts said.
Mr Touma, a former president of the Syrian opposition government in northern Aleppo, said the move to mount a military offensive was, “a joint decision by the opposition, altogether, not just HTS [Hayat Tahrir] only, and all the Syrian military opposition and rebels, with political backing”, following an increase in pro-government attacks on civilian areas and no movement on a political solution.
Talks that began in 2017 between Russia, Turkey and Iran in Astana laid out so-called “de-escalation zones” in north-western Syria and resulted in the division of territory between fighting factions to contain the conflict.
In 2020 it achieved a fragile ceasefire that aimed to lay the ground for a political transition, partly by encouraging Mr Al Assad to talk directly to Turkish President Recep Tayyip Erdogan, despite Iranian opposition.
“All these ambitions fell on deaf ears and we believe that in addition to Al Assad’s stubbornness, the Iranians were directly provoking the Syrian regime – they provoked the Syrian regime into not accepting any political engagement or solution,” Mr Touma said.
“Two weeks ago, we were in Astana and I personally urged the Russian delegation to put strong pressure on the Syrian regime to return to the negotiating table and accept a political transition.”
The Russians, Mr Al Asmi said, understand that without significant support by Iran-backed militants on the ground, an air campaign will not lead to the same kind of territorial gains for the Syrian government as in the past. With Iran-backed forces' ability to move around Syria curbed by intensified Israeli strikes over the past year, the idea of deploying large-scale air power to Syria makes less sense.
“Mostly, Russia has the planes and the Iran-backed militias are on the ground,” he said. “Russia is now estimating that if there is a battle on the ground, it will be Al Assad and the Iranian militias.”
Others involved in the political process also saw little movement from Mr Al Assad on political negotiations before the start of the current rebel assault. Earlier this year, Mr Erdogan reached out to Mr Assad to start a normalisation process but those efforts have born little fruit so far.
“We never felt like Damascus genuinely showed any interest in any kind of result-oriented engagement with us,” a Turkish government official told The National. “In an interview, [Turkish Foreign Minister Hakan] Fidan had said that ‘the regime never talks to us as itself. They always use the talking points of others.’”
A pro-Syrian government official did not respond to a request by The National for comment.
Turkey has not publicly expressed support for the rebel offensive and will be worried about any escalation in violence that could force more displaced people across its border.
It directly backs the rebels taking back territory held by Kurdish militias, which it sees as an extension of the Kurdistan Workers’ Party (PKK). Ankara blames the separatist group for years of fatal attacks on its soil, including some planned and launched from Syria.
Analysts also see Russian leverage over Mr Al Assad – and its willingness to use it – to push for a political solution as key. Presidents Putin and Erdogan met on the sidelines of a conference in Russia in October, in which they discussed Syria. But little movement after that led to the current escalation.
“I think Russia knows that a political solution is needed and they are the only ones needed to have real influence on Al Assad,” Omer Onhon, Turkey’s last ambassador to Syria before the countries broke off diplomatic relations in 2012, told The National.
“So if they decide to pressure Assad to come to a negotiation table, then the chances of negotiation would be much higher. Whether Russia is willing to do that or not is another story.”
Syria's civil war explained
RESULT
Esperance de Tunis 1 Guadalajara 1
(Esperance won 6-5 on penalties)
Esperance: Belaili 38’
Guadalajara: Sandoval 5’
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.”
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
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Company%20Profile
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COMPANY PROFILE
Founders: Sebastian Stefan, Sebastian Morar and Claudia Pacurar
Based: Dubai, UAE
Founded: 2014
Number of employees: 36
Sector: Logistics
Raised: $2.5 million
Investors: DP World, Prime Venture Partners and family offices in Saudi Arabia and the UAE
MATCH INFO
Jersey 147 (20 overs)
UAE 112 (19.2 overs)
Jersey win by 35 runs
The view from The National
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
Pathaan
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GRAN%20TURISMO
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Killing of Qassem Suleimani
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5