This week we reveal the deadliest place in Europe to be a young man. It is the suburbs of Stockholm and other major Swedish cities.
That's largely because of gun deaths caused by two feuding Kurdish-controlled gangs has soared.
Travelling through Sweden's bare concrete housing block estates, a 16-year old gave us some understanding of how he was sucked into the world of gangs.
Alan revealed how Rawa Majid, 39, the man know as the Kurdish Fox, rewards his teenage killers despite years of exile. Sitting in the back of a car on the way to an underground interview point, Alan smiles as he talks nonchalantly about the buzz he got from shooting his rival criminals.
“It’s fun. It's crazy for the first two hours when you have done it, then you start to run because you don’t want the police to see you,” he told The National.
He is one of hundreds of teenagers in Sweden involved in the violence. Gangsters such as those in the Foxtrot network, run by Majid, recruit children to attack rivals – in the knowledge that, under Swedish law, anyone under the age of 15 cannot be prosecuted.
Rawa Majid, left, known as the Kurdish Fox, and a teenager who spoke to The National as part of an investigation into the Foxtrot Kurdish criminal network operating in Sweden. Nick Donaldson / The National
A mother whose son was shot dead in his car outside the family home warned a culture of fear is gripping Sweden as rival gangs run riot.
Tulun Tas found Emirhan slumped in his car just metres from their home in Norsborg, near Stockholm. With the engine still running, she realised he had been shot. He died in hospital shortly afterwards.
To his mother, Emirhan was a “funny” child who wanted to turn a love for Lego into a career in engineering. Not a day goes by that she does not miss his presence. “[My son] helped me from the day he was eight years old to the day he died,” she said.
Ms Tas has broken her silence to speak out on her fears the 18 year old had been caught up in gang violence that has exploded across Sweden – and her determination to find his killer.
And it is Majid, an internationally wanted gangster, who is directing the gangland warfare.
Dark days
Swedish police said this week that a suspect linked to the Foxtrot network was arrested after the seizure of cocaine in the south-west of the country, weighing at least 200kg. It is one of a series of busts the authorities have made in recent years.
Sweden must abandon its policy of “silent diplomacy” with Iran as it faces a wave of gangland warfare orchestrated by Majid, a leading politician told The National.
Stockholm should publicly call for Iran to hand over Majid, who is hiding there to avoid facing justice for a string of offences, said Alireza Akhondi, who was born in Iran and is a prominent critic of the regime.
Majid’s feud with Ismail Abdo, a one-time close associate nicknamed “Strawberry”, who runs the rival Rumba network, led to a series of tit-for-tat killings.
The Foxtrot boss has also been accused of carrying out attacks on Israeli targets on behalf of Iran, for which he has been placed under sanctions by the US.
Two men found guilty of planning a mass attack in Manchester were plotting for ISIS. Walid Saadaoui, 38, and Amar Hussein, 52, had a “visceral dislike” of Jewish people and wanted to cause “untold harm”, Preston Crown Court heard on Tuesday.
As is patently clear from the deadly attacks in Manchester and Sydney this year, ISIS-inspired gunmen have formed a new archetype.
In January 2024, the group’s propaganda channels used the aftermath of the Hamas-led attacks inside Israel on October 7, 2023 and the subsequent outbreak of war in Gaza to instruct loyalists to kill Jews wherever they could find them. Investigators reportedly believe this was instrumental in both deadly attacks. In Africa, where ISIS loyalists are besieging important capitals, there is little doubt of the resurgence of its influence as a major local power.
It has been clear for 15 years that ISIS works along existing fault lines to boost its pulling power. It wants to attract people to pledge their loyalty to it and carry out its goals.
Cities in France and Belgium bore the brunt of one phase of the ISIS era that has hallmarks of what is happening today. The faultline that ISIS sought out was centred on laying down differences in lifestyles that could become divisive issues. Last year, the Taylor Swift tour became a target for a plot that had the same objectives.
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Declan: It was The Commitments but now it’s Bohemian Rhapsody.
Heidi: The Long Kiss Goodnight.
Favourite holiday destination:
Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.
Heidi: Australia but my dream destination would be to go to Cuba.
Favourite pastime:
Declan: I love brunching and socializing. Just basically having the craic.
Heidi: Paddleboarding and swimming.
Personal motto:
Declan: Take chances.
Heidi: Live, love, laugh and have no regrets.
Tenet
Director: Christopher Nolan
Stars: John David Washington, Robert Pattinson, Elizabeth Debicki, Dimple Kapadia, Michael Caine, Kenneth Branagh
Rating: 5/5
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.”
