Admiral Brad Cooper with Ahmad Al Shara in Damascus on Friday. Photo: Sana / X
Admiral Brad Cooper with Ahmad Al Shara in Damascus on Friday. Photo: Sana / X
Admiral Brad Cooper with Ahmad Al Shara in Damascus on Friday. Photo: Sana / X
Admiral Brad Cooper with Ahmad Al Shara in Damascus on Friday. Photo: Sana / X

New Centcom chief meets Syrian President Ahmad Al Shara in Damascus


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Syrian President Ahmad Al Shara met the new head of the US military's Central Command Admiral Brad Cooper in Damascus on Friday, his office and Centcom said.

Admiral Cooper was accompanied by the US special envoy for Syria, Tom Barrack. The two officials met Mr Al Shara at the presidential palace in the Syrian capital, Centcom said. The meeting focused on the threat still posed by ISIS in the country, as well as efforts to integrate Syrian armed groups into the government's military, it said.

A statement from the Syrian presidency said Mr Al Shara and the US officials “addressed prospects for co-operation in the political and military fields in the service of shared interests and consolidating the foundations of security and stability in Syria and the region”.

Their meeting “reflected the positive atmosphere and shared interest in strengthening the strategic partnership and expanding channels of communication between Damascus and Washington”, it added.

Ahmad Al Shara and his wife Latifa Al Droubi with US Centcom chief Admiral Brad Cooper and his wife Susan Cooper in Damascus. Photo: Sana / X
Ahmad Al Shara and his wife Latifa Al Droubi with US Centcom chief Admiral Brad Cooper and his wife Susan Cooper in Damascus. Photo: Sana / X

The United States has for years maintained a troop presence at a series of bases in Syria as part of efforts against ISIS, the extremist group which overran large areas of Syria and neighbouring Iraq in 2014. Admiral Cooper and Mr Barrack thanked Mr Al Shara for “his support to counter ISIS in Syria”, a Centcom statement said.

“Eliminating the ISIS threat in Syria will reduce the risk of an ISIS attack on the US homeland while working towards President Trump's vision of a prosperous Middle East and a stable Syria at peace with itself and its neighbours,” it said. Admiral Cooper and Mr Barrack also “offered praise to Syria for supporting the recovery of US citizens inside the country”.

Several US citizens went missing or were killed during Syria's civil war, which erupted in 2011. The war ended when rebels led by Mr Al Shara's Hayat Tahrir Al Sham group toppled the long-time dictator Bashar Al Assad in December. The US, EU and countries in the region have supported efforts by the new Syrian authorities to rebuild the war-torn country and restore its economy.

Mr Al Shara's government is also seeking to integrate all armed groups in the country into a newly formed military, including the US-backed Syrian Democratic Forces (SDF), which controls large parts of eastern Syria. The Kurdish-led SDF, which was instrumental in defeating ISIS in Syria continues to carry out operations against the group with US support and has so far resisted pressure from Damascus to join the new military.

In April, the Pentagon announced it would roughly halve the number of troops it has in the country to fewer than 1,000 in the coming months as part of a “consolidation” of US forces. Mr Barrack said in June that the military would eventually close all but one of its bases in Syria.

Admiral Cooper has visited several countries in the region since he was appointed in early August to lead Centcom, the US military command responsible for the Middle East. He met the Egyptian President Abdel Fattah El Sisi in Cairo on Monday, following a visit to Israel at the weekend. He has also held talks with Iraqi officials in Baghdad and in Iraq’s semi-autonomous Kurdish region last week.

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The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
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Age: 30

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1. Never respond to e-mails, calls or messages asking for account, card or internet banking details

2. Never store a card PIN (personal identification number) in your mobile or in your wallet

3. Ensure online shopping websites are secure and verified before providing card details

4. Change passwords periodically as a precautionary measure

5. Never share authentication data such as passwords, card PINs and OTPs  (one-time passwords) with third parties

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1947
Ferrari’s road-car company is formed and its first badged car, the 125 S, rolls off the assembly line

1962
250 GTO is unveiled

1969
Fiat becomes a Ferrari shareholder, acquiring 50 per cent of the company

1972
The Fiorano circuit, Ferrari’s racetrack for development and testing, opens

1976
First automatic Ferrari, the 400 Automatic, is made

1987
F40 launched

1988
Enzo Ferrari dies; Fiat expands its stake in the company to 90 per cent

2002
The Enzo model is announced

2010
Ferrari World opens in Abu Dhabi

2011
First four-wheel drive Ferrari, the FF, is unveiled

2013
LaFerrari, the first Ferrari hybrid, arrives

2014
Fiat Chrysler announces the split of Ferrari from the parent company

2015
Ferrari launches on Wall Street

2017
812 Superfast unveiled; Ferrari celebrates its 70th anniversary

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Thursday    500.75 million (25.23m)

Friday         280.25m (14.12m)

Saturday     220.75m (11.21m)

Sunday       170.25m (8.58m)

Total            1.19bn (59.15m)

(Figures in millions, approximate)

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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.”

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Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Updated: September 12, 2025, 5:42 PM