Mystery surrounds Syrian vice president


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The mystery of the absence of the Syrian vice president continues to fuel the rumour mill

The whereabouts of the Syrian vice president, Farouk Al Sharaa, have become a real mystery, as the man has not made a public appearance or spoken in person to the media for a suspiciously long period of time, wrote columnist Abdullah Nasser Al Oteibi in yesterday's edition of the London-based newspaper Al Hayat.

Every time Damascus wants to put out a message denying rumours of the assassination or defection of the regime's No 2, it calls on Abdussalam Hijab, Mr Al Sharaa's press secretary, to speak on his behalf.

"There have been three occasions so far when the press officer intervened," the columnist said.

The first occasion was last year when rumour spread that Mr Al Sharaa had been killed by Maher Al Assad, the Syrian president's younger brother and commander of the Republican Guard.

It was said to be Mr Al Sharaa's punishment for his condemnation of a regime-perpetrated massacre in the town of Al Sanamayn in the Deraa province, back in March 2011. Mr Al Sharaa, a native of Deraa, had purportedly demanded that all security officers involved in the massacre be held to account, according to the columnist.

Denying the rumour, Mr Al Sharaa's press office said the vice president was "alive and well, executing his daily office duties".

On the second occasion, just a couple of weeks ago, media reports said the vice president and some of his family members had defected. Again, Mr Al Sharaa's press office was quick to quote him as saying: "I'm not betraying my country."

Then, just last week, reports about Mr Al Sharaa's defection spread again, this time supported by a spokesman for the Free Syrian Army (FSA). His press office again denied it.

"There are only four possible explanations for the mysterious absence of Al Sharaa from the media scene," the columnist argued. "A) He had indeed defected, but is still stuck somewhere in Syria under the protection of the FSA. The time may not be conducive yet to smuggle him out of the country.

"B) He has been put under house arrest for the past month … for fear that he might defect or lead an inside coup.

"C) He had been assassinated at the hands of the regime's hawks for a stance he might have taken that was deemed particularly threatening to the regime's stability.

"And D) - and I'm not really sure if it is the most or least likely - Al Sharaa is still working for Bashar Al Assad, but treading carefully in a way that would allow him to absolve himself from blame when the regime falls."

Speculation is not going to solve this mystery. But one thing is sure, Mr Al Sharaa's silence reveals more than it conceals about the growing mess inside the Syrian regime.

Why Shiites turned against the regime

Two prominent Shiite figures in Lebanon, Sayyed Mohammed Hassan Al Amin and Sayyed Hani Fahs, issued a joint statement two weeks ago voicing their support for the Syrian revolution, which has entered its 18th month this August, according to Atallah Mahajrani, a columnist with the pan-Arab newspaper Asharq Al Awsat.

The two clerics, he wrote yesterday, called on the Shiites in Lebanon, Arab intellectuals and the Muslim community at large to bring their support to the people's revolution in Syria.

"We are supporting this revolution as we have supported the Palestinian, Iranian and Libyan revolutions before," their statement said. This is "a turning point" in the uprising against the Syrian regime, the writer noted. "Before this statement, all the signs confirmed that every Shiite faction was standing by the Assad regime."

In fact, some analysts had summed up the Syrian uprising as a Shiite-Sunni struggle - which, though an oversimplification, was a partly accurate assessment until now.

The Shiite clerics issued the statement in full awareness that they may have to pay the price for it, the writer said. Some years ago, Sayyed Fahs' house and office were attacked after another instance where he stood up for freedom.

Some Shiite leaders will stick up for justice, come what may. And they do make a difference, the writer concluded.

Bahrain teen's act did not justify shooting

The Bahraini interior ministry said that Hussam Al Haddad, the Shiite teenager who was shot and killed by security forces on Saturday, had been involved in a Molotov attack on a police patrol near the capital Manama.

Columnist Hani Al Fardan wrote in the Bahraini newspaper Al Wasat yesterday: "If the interior ministry's account of what happened holds true - and it is indeed challenged in its entirety by the father of the shot teenager - then the Molotov attack is certainly condemnable."

However, a teenager's act of violence "does not justify at all" the use of excessive force and shooting to kill, especially when such a heavy-handed response can be avoided, the columnist argued.

"From the pictures of Hussam's body as it was being washed for burial, it is clear that shrapnel had peppered his back, which unequivocally confirms that the teenager had his back turned to the police and was trying to run away, not lunge forward.

"In a case like this, nothing warrants the use of lethal force," the columnist went on. "According to Interior Ministry decision No. 14 of 2012, regarding the code of behaviour of members of the police, force must not be used unless in extreme necessity."

When Hussam had turned his back and was running away, was he still a threat to the police?

* Digest compiled by Achraf El Bahi

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Armies of Sand

By Kenneth Pollack (Oxford University Press)
 

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

RESULT

Argentina 0 Croatia 3
Croatia: 
Rebic (53'), Modric (80'), Rakitic (90' 1)

TICKETS

Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

Places to go for free coffee
  • Cherish Cafe Dubai, Dubai Investment Park, are giving away free coffees all day. 
  • La Terrace, Four Points by Sheraton Bur Dubai, are serving their first 50 guests one coffee and four bite-sized cakes
  • Wild & The Moon will be giving away a free espresso with every purchase on International Coffee Day
  • Orange Wheels welcome parents are to sit, relax and enjoy goodies at ‘Café O’ along with a free coffee
The Lowdown

Kesari

Rating: 2.5/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra

 

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Fight card
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GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Results

2pm: Maiden (TB) Dh60,000 (Dirt) 1,200m, Winner: Mouheeb, Tom Marquand (jockey), Nicholas Bachalard (trainer)

2.30pm: Handicap (TB) Dh68,000 (D) 1,200m, Winner: Honourable Justice, Royston Ffrench, Salem bin Ghadayer

3pm: Handicap (TB) Dh84,000 (D) 1,200m, Winner: Dahawi, Antonio Fresu, Musabah Al Muhairi

3.30pm: Conditions (TB) Dh100,000 (D) 1,200m, Winner: Dark Silver, Fernando Jara, Ahmad bin Harmash

4pm: Maiden (TB) Dh60,000 (D) 1,600m, Winner: Dark Of Night. Antonio Fresu, Al Muhairi.

4.30pm: Handicap (TB) Dh68,000 (D) 1,600m, Winner: Habah, Pat Dobbs, Doug Watson

'Peninsula'

Stars: Gang Dong-won, Lee Jung-hyun, Lee Ra

Director: ​Yeon Sang-ho

Rating: 2/5

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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.”

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Bert van Marwijk factfile

Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder

Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia

Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands

if you go

The flights

Direct flights from the UAE to the Nepalese capital, Kathmandu, are available with Air Arabia, (www.airarabia.com) Fly Dubai (www.flydubai.com) or Etihad (www.etihad.com) from Dh1,200 return including taxes. The trek described here started from Jomson, but there are many other start and end point variations depending on how you tailor your trek. To get to Jomson from Kathmandu you must first fly to the lake-side resort town of Pokhara with either Buddha Air (www.buddhaair.com) or Yeti Airlines (www.yetiairlines.com). Both charge around US$240 (Dh880) return. From Pokhara there are early morning flights to Jomson with Yeti Airlines or Simrik Airlines (www.simrikairlines.com) for around US$220 (Dh800) return. 

The trek

Restricted area permits (US$500 per person) are required for trekking in the Upper Mustang area. The challenging Meso Kanto pass between Tilcho Lake and Jomson should not be attempted by those without a lot of mountain experience and a good support team. An excellent trekking company with good knowledge of Upper Mustang, the Annaurpuna Circuit and Tilcho Lake area and who can help organise a version of the trek described here is the Nepal-UK run Snow Cat Travel (www.snowcattravel.com). Prices vary widely depending on accommodation types and the level of assistance required. 

Wonka
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Indoor cricket in a nutshell

Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full