Syrian President Ahmad Al Shara has made major organisational changes to the state security apparatus while keeping his associates firmly in control of the system.
The restructuring of responsibilities under the Interior Ministry is the first overhaul of domestic security since former president Bashar Al Assad was toppled at the end of last year by an offensive led by Mr Al Shara's Hayat Tahrir Al Sham (HTS) group.
"The bygone regime had made the security [sector] into a tool for repression and terror," Interior Ministry spokesman Noureddin Al Baba said while announcing the changes on Saturday. He said the revamp would contribute to Syria's "prosperity".
The new structure approved by Mr Al Shara will have six deputies under Interior Minister Anas Khattab, and 14 provincial commanders, each responsible for one of Syria's governorates, he said. Mr Khattab is a long-time comrade of Mr Al Shara.
Most of the appointees to the new positions were part of HTS or were closely associated with the group as it rose to dominate the armed opposition to Mr Al Assad in the last decade of his rule. Their names were officially announced on Saturday.
Mr Khattab played a central role in the formation of Al Nusra Front, a forerunner of HTS which was Al Qaeda's subsidiary in Syria until Mr Al Shara broke off ties with the terror group in 2016. Both Mr Al Shara and Mr Khattab are still sanctioned by the UN.
Under the Assad regime, the interior minister competed with usually more powerful chiefs of various security branches. The security responsibility for each province was also vague, to keep different players in the system in competition with each other and vying for the president's favour.
The most well-known of Mr Khattab's six deputies is Abdulqader Al Tahhan, whose portfolio is "security affairs", implying wide responsibility. Mr Al Tahhan headed security in Idlib, the northern governorate from where HTS led the rebel offensive that toppled the Assad regime on December 8. The responsibilities of the other five deputies are police, civil affairs, legal affairs, technology and human resources.
Under the new structure, there will be a new Interior Ministry division in charge of communications networks and cyber security, which were the purview of separate intelligence branches under the former regime.
A new border management unit was also created. Military Intelligence, headed by Mr Al Assad's brother Maher Al Assad, controlled Syria's borders before December 8. A Special Tasks Department has been also formed, to deal with riots and hostage-taking and to be in charge of security at major events.
Mr Al Shara has been deploying security personnel to spread the reach of the new, HTS-dominated government. However, large areas of eastern Syria, the centre of the country's oil production, remain out of his control. Sectarian killings, particularly of Alawites, have also been taking place in areas controlled by government troops and allied militia.
In the last several weeks, the new authorities have also launched operations against ISIS in and around cities. Officials say members of the group have infiltrated some urban areas. US President Donald Trump asked Mr Al Shara to join the US anti-terrorism efforts during their meeting in Saudi Arabia earlier this month, the White House said.
The Interior Ministry said on Monday that anti-terrorism units had arrested several members of ISIS during raids against cells of the group in suburbs to the south and west of Damascus. Rocket launchers, explosives and suicide vests were also seized, according an official statement.
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