Sectarian fighting resumed in the south of Syria on Friday, damaging hopes of calm after government forces ended their offensive against a Druze minority stronghold.
A witness told The National that Bedouin tribes had taken control of Mazraa, a Druze-majority village in the western suburbs of regional capital Sweida. Photos showed smoke rising from the area as Bedouin fighters roamed the south of Syria on the backs of trucks, amid attacks by Druze militias.
The witness said homes and cars were completely burnt. Two sources on the ground said fighting was continuing on Friday afternoon near the village of Walgha, also on Sweida’s western outskirts.
The death toll from this week's clashes rose above 600, while Syria's White Helmets announced one of their aid workers was missing after entering Sweida. Hamza Al Amarin was stopped by local gunmen while trying to escort UN staff out of the city, and his colleagues have since lost contact, the White Helmets said.
Inside Sweida city, a fragile calm held throughout Friday, though battles raged on its periphery. Three locals, speaking to The National by phone under pseudonyms for security reasons, said the city was completely sealed off and described it as “under siege”.
“The situation is very difficult, no electricity, no water, barely any internet,” said one resident, Walid. “I don’t know how long we can hold on.”
“Sweida is under siege,” said Cham, another resident, adding that they only had some flour and vegetables left and were running low on infant formula.
Ramzi, who had evacuated to a safer area in the southern part of the province before fighting resumed, said he returned on Friday morning to find his home looted.
“They stole everything. Everything,” he said.
The Syrian government on Friday denied its forces were returning to Sweida, after reports claimed troops were being sent back to ensure stability and protect state institutions. Those reports are inaccurate, Interior Ministry spokesman Noureddine Al Baba said.
He added that government forces were “in a normal state of readiness, with no movement or deployment in the Sweida governorate so far”, according to Syria's state news agency Sana.
More than 600 people, including civilians and fighters from both sides, as well as members of Syria's security forces, have been killed, the UK-based Syrian Observatory for Human Rights said. SOHR did not immediately report casualties from the renewed violence on Friday.
Amid the escalating humanitarian crisis, the Ministry of Emergency and Disaster Management announced on Friday the formation of a joint operations room to co-ordinate relief, evacuation, and ambulance services. It said hundreds of families had been evacuated to safer areas.
Syrian government forces largely withdrew from Sweida on Thursday, but clashes resumed just hours later between Druze fighters and Bedouin tribes in the Western outskirts of the city.
State media reported attacks against Bedouin tribes in the Al Maqous neighbourhood, forcing many people to flee. It said on Thursday that Druze militia men had launched retaliation attacks on Sunni Bedouin communities, in what it called “massacres” from “outlaw groups”.
The denial of Syrian government forces returning followed reports by Reuters and AP that troops were returning to the area, as clashes continued despite a ceasefire. A witness in the city of Deraa, about 90km west of Sweida, told The National that large convoys of troops passed through the area en route to the province, before turning back.
The confusion was compounded by reports in Israeli media that said Israel had agreed to allow Syrian security forces to enter the Sweida area for the next 48 hours as a result of the instability.
Sweida has faced days of bloodshed since fighting broke out between armed Druze fighters and Bedouin tribesmen. The violence led Syrian government forces to intervene, raising fears of broader instability in the country’s postwar transition. Israel launched air strikes on Syria, saying it was acting in support of the Druze, who also have a presence in Israel.
Israel strikes
Sana said Israel carried out another air strike near Sweida late on Thursday night, though Israel denied the report. Washington said it did not support Israel's attacks and had made clear its “displeasure”. Syrian President Ahmad Al Shara accused Israel of trying to fragment his country.
US State Department spokesperson Tammy Bruce said the US was actively engaging all constituencies involved in Syria. It called on the Syrian government to lead the path forward.
“Regarding Israel's intervention and activity … the United States did not support recent Israeli strikes,” she said. “We are engaging diplomatically with Israel and Syria at the highest levels, both to address the present crisis and reach a lasting agreement between the two sovereign states.”
Syrians have their say on deadly clashes and Israeli strikes
Ms Bruce declined to say whether Washington supports Israel carrying out such military operations when it deems necessary.
“I won't speak to future conversations or past ones. What we're dealing with now is this particular episode, what was required, and I think we've been very clear about our displeasure, certainly that the President has, and we've worked very quickly to have it stopped,” she said.
A four-day offensive in Sweida by elite Syrian government forces, including sniper units, night mission brigades and allied militias, has shattered the city.
But on Thursday a ceasefire was announced involving some but not all representatives of the Druze community, and government troops and allied militias began withdrawing in the face of Israeli and US pressure.
The Syrian presidency however soon accused Druze fighters in Sweida of violating the ceasefire. In a statement, it said “outlaw forces” were violating the deal through “horrific violence” against civilians.
Syria's President addresses Sweida unrest and Israeli attacks
Turkish President Tayyip Erdogan said there had been an attempt to “sabotage the ceasefire that was achieved yesterday with the contributions of our country”. He also said Israel had shown once again that it did not want peace or stability in Syria.
“Israel, using the Druze as an excuse, has expanded its banditry to Syria,” he said. He called Israel a “lawless, rule-breaking, unprincipled, spoiled, pampered, and bloodthirsty terrorist state”.
Joint Gulf-Arab-Turkish statement
The UAE, Saudi Arabia, Jordan, Bahrain, Turkey, Iraq, Oman, Qatar, Kuwait, Lebanon and Egypt issued a joint statement reaffirming support for Syria's “security, unity, stability and sovereignty”, and rejecting all foreign interference in its affairs.
They welcomed the agreement reached to end the crisis in Sweida and emphasised the necessity of its implementation to protect Syria and its unity.
Saudi Arabia’s Crown Prince Mohammed bin Salman also welcomed in a call with Mr Al Shara the measures taken by Damascus to contain the recent events.
Israel strikes Syria's Defence Ministry HQ in Damascus
Addressing Syrians on Thursday, Mr Al Shara accused Israel of seeking to “dismantle the unity of our people”.
He said Israel had “consistently targeted our stability and created discord among us since the fall of the former regime”.
Mr Al Shara, commander of an Al Qaeda faction before cutting ties with the group in 2016, said protecting Druze citizens and their rights was “our priority”, and he rejected any attempt to drag them into the hands of an “external party”.
He also vowed to hold to account those who committed violations against “our Druze people”.
But the Druze's spiritual leadership in Syria, led by Hikmat Al Hijri, has been critical of Hayat Tahrir Al Sham, the splinter group of Al Qaeda that formed the new Syrian government under Mr Al Shara last year after ousting former president Bashar Al Assad.
Mr Al Hijri, previously a key figure in a civil disobedience movement against the Assad regime, has labelled the new government extremist and anti-democratic. Mr Al Hijri said he was not part of the ceasefire deal with government troops.
Many Druze have opposed attempts by the government to station security forces from outside the area in Sweida, saying such personnel should be drawn from the local population.
Sweida is home to most of Syria's registered 800,000 Druze. But many have left, particularly during the country's 13-year civil war, with about 270,000 remaining in the province.
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.”
Champions League Last 16
Red Bull Salzburg (AUT) v Bayern Munich (GER)
Sporting Lisbon (POR) v Manchester City (ENG)
Benfica (POR) v Ajax (NED)
Chelsea (ENG) v Lille (FRA)
Atletico Madrid (ESP) v Manchester United (ENG)
Villarreal (ESP) v Juventus (ITA)
Inter Milan (ITA) v Liverpool (ENG)
Paris Saint-Germain v Real Madrid (ESP)
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Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
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Forced%20Deportations
%3Cp%3EWhile%20the%20Lebanese%20government%20has%20deported%20a%20number%20of%20refugees%20back%20to%20Syria%20since%202011%2C%20the%20latest%20round%20is%20the%20first%20en-mass%20campaign%20of%20its%20kind%2C%20say%20the%20Access%20Center%20for%20Human%20Rights%2C%20a%20non-governmental%20organization%20which%20monitors%20the%20conditions%20of%20Syrian%20refugees%20in%20Lebanon.%3C%2Fp%3E%0A%3Cp%3E%E2%80%9CIn%20the%20past%2C%20the%20Lebanese%20General%20Security%20was%20responsible%20for%20the%20forced%20deportation%20operations%20of%20refugees%2C%20after%20forcing%20them%20to%20sign%20papers%20stating%20that%20they%20wished%20to%20return%20to%20Syria%20of%20their%20own%20free%20will.%20Now%2C%20the%20Lebanese%20army%2C%20specifically%20military%20intelligence%2C%20is%20responsible%20for%20the%20security%20operation%2C%E2%80%9D%20said%20Mohammad%20Hasan%2C%20head%20of%20ACHR.%3Cbr%3EIn%20just%20the%20first%20four%20months%20of%202023%20the%20number%20of%20forced%20deportations%20is%20nearly%20double%20that%20of%20the%20entirety%20of%202022.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ESince%20the%20beginning%20of%202023%2C%20ACHR%20has%20reported%20407%20forced%20deportations%20%E2%80%93%20200%20of%20which%20occurred%20in%20April%20alone.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EIn%20comparison%2C%20just%20154%20people%20were%20forcfully%20deported%20in%202022.%3C%2Fp%3E%0A
Violence%20
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Revival
Eminem
Interscope
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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JOKE'S%20ON%20YOU
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UAE currency: the story behind the money in your pockets
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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
COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.
Your rights as an employee
The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.
The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.
If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.
Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.
The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.
North Pole stats
Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
Terrain: Ice rock
South Pole stats
Distance covered: 130km
Temperature: -50°C
Weight of equipment: 50kg
Altitude (metres above sea level): 3,300
Terrain: Flat ice
UAE currency: the story behind the money in your pockets
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.