US Marines scan the northwest perimeter of the American military compound at Afghanistan's Kandahar airport, January 14, 2002. AP
US Marines scan the northwest perimeter of the American military compound at Afghanistan's Kandahar airport, January 14, 2002. AP
US Marines scan the northwest perimeter of the American military compound at Afghanistan's Kandahar airport, January 14, 2002. AP
US Marines scan the northwest perimeter of the American military compound at Afghanistan's Kandahar airport, January 14, 2002. AP

If Biden cannot lead on Afghanistan, Taliban rule will follow


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The decision by US President Joe Biden to withdraw all remaining American forces from Afghanistan raises as many questions about the survival prospects of the Afghan government as it does about Mr Biden's own ambitions as a global leader.

The choice of September 11 as the end date for America’s long and costly involvement in Afghanistan is significant. It marks the 20th anniversary of the September 11 attacks on the US, which was the primary reason for the US-led military intervention in the first place.

So much has happened during the intervening two decades that the original objective of the intervention is often overlooked – namely the eradication of Osama bin Laden’s terrorist infrastructure in Afghanistan that executed the most deadly attack on American soil.

And, to a large extent, that objective achieved its goal. Within weeks of the US and its allies launching its assault against Al Qaeda, bin Laden was forced to flee into exile in Pakistan – where he was eventually assassinated in a daring raid by US special forces – and the organisation’s terror network was destroyed, radically reducing its ability to carry out further attacks against the West.

Since then, the objectives have become a great deal more complex, with a number of Nato countries – including Britain – undertaking major military deployments to support Afghanistan’s nascent democratic institutions from the threat posed by the Taliban, whose refusal to end its support for Al Qaeda resulted in its removal from power.

Indeed, one of Washington’s cardinal demands throughout the long drawn-out Doha negotiations, aimed at ending the civil war, was that the Taliban end its links with the Al Qaeda, as well as other militant groups like ISIS, in return for the withdrawal of foreign forces from the country.

But while the Taliban indicated it was willing to comply with this request given the deal it struck with the Trump administration in February last year, so far there is scant evidence it has complied with this undertaking, even though the deal resulted in a dramatic reduction in US troops based in the country to its current figure of around 2,500.

On the contrary, according to a report issued by the US Treasury In January, Al Qaeda is “gaining strength in Afghanistan while continuing to operate with the Taliban under the Taliban’s protection.” It adds that the group “capitalises on its relationship with the Taliban through its network of mentors and advisers who are embedded with the Taliban, providing advice, guidance, and financial support.”

In the meantime, the Taliban has taken advantage of the phased withdrawal of US forces to intensify its campaign to seize control of large swathes of the country, increasing the pressure on the democratically-elected government of President Ashraf Ghani.

And, as the Taliban and other militias strengthen their grip on outlying regions of the country, they are creating a government vacuum, limiting the Afghan government’s ability to act effectively much beyond the confines of the capital, Kabul. As a result, millions of Afghans risk losing access to basic services, while hard-won freedoms achieved for Afghan women are now at risk.

Maryam Yousufi, 25, sews a traditional Afghan design clothing at her home in Kabul, Afghanistan March 8. Reuters
Maryam Yousufi, 25, sews a traditional Afghan design clothing at her home in Kabul, Afghanistan March 8. Reuters

There are also concerns that, without foreign backing, the Afghan security forces may lose the resolve to continue their fight against the Taliban. Unsurprisingly, many young Afghan professionals are leaving the country in search of better opportunities.

The dire predicament facing the Afghan authorities was last month highlighted by John Sopko, the Pentagon’s special inspector general for Afghanistan reconstruction, who warned that, without US support, the Afghan government “probably would face collapse". The US intelligence community’s 2021 Threat Assessment, which was published this week, reached a similar conclusion, stating that “the Afghan government will struggle to hold the Taliban at bay if the coalition withdraws support".

Youths take pictures next to an Afghan flag on a hilltop overlooking Kabul, Afghanistan, April 15, 2021. REUTERS/Mohammad Ismail
Youths take pictures next to an Afghan flag on a hilltop overlooking Kabul, Afghanistan, April 15, 2021. REUTERS/Mohammad Ismail

In short, the withdrawal of US forces, as well as the rest of the 10,000 Nato troops, which will withdraw at the same time, means there is nothing standing in the way of the Taliban and a return to its brand of medieval religious authoritarianism.

In such circumstances, Mr Biden’s decision to end America’s involvement in what has become its longest war, begins to look decidedly premature, even if the decision simply concludes a process already initiated by former US President Donald Trump, who had committed to withdrawing US forces by the end of next month.

The decision is certainly not without risk, especially if it results in Afghanistan once more becoming a sanctuary for Al Qaeda and ISIS. Washington policymakers will be well aware of the possibility of history repeating itself – the Obama administration’s decision to end US military involvement in Iraq in 2009 resulted in ISIS seizing control of large areas of the country, forcing the US to redeploy forces to Baghdad in support of the beleaguered Iraqi security forces.

Washington argues that the September withdrawal deadline still leaves enough time for negotiations between the Afghan government and the Taliban to be concluded and a peace deal struck to be struck. But with the Taliban so far showing no inclination to honour the commitments it made with the Trump administration, and fully aware it will no longer be under pressure from Nato forces, the willingness of the organisation to conclude a deal must be in doubt.

The withdrawal decision also raises significant questions about the Biden presidency and the approach it is likely to adopt to future global security challenges. To date, Mr Biden has spoken of his desire to rebuild relations with key global allies, after the tensions created during the Trump era.

Yet, on issues like Afghanistan, as well as the administration’s initial, faltering attempts to revive the Iran nuclear deal, the White House is sending out a signal that, far from providing strong leadership on key issues, the new administration is more interested in avoiding confrontation at all costs.

It is a message that will not be lost on countries like China and Russia, which see themselves as Washington’s rivals for influence on the world stage, and will be keenly watching for any indication of institutional American weakness.

Con Coughlin is a defence and foreign affairs columnist for The National

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Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

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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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