Last weekend, the US State Department issued a $10 million reward for information on Mohammad Kawtharani, a senior Hezbollah figure based in Iraq. This is not the first time that Kawtharani has landed on the radar of the Americans. In fact, he was added to the US terror list in 2013. But why is he now worth $10m?
The answer lies in Hezbollah’s growing ambitions in Iraq and abroad, and a shift in its influence and role from a sister proxy of the Iranian regime to a mediator of sorts, at a time when the rule of Tehran is under fire both domestically and in the region.
Kawtharani is believed to have been close to Qassem Suleimani, the slain commander of Iran’s Quds Force, an elite military branch of the regime responsible for managing pro-Iranian groups abroad and carrying out external operations. Kawtharani has also played a role in sending Iraqi militiamen to fight for Bashar Al Assad’s regime in Syria.
As Hezbollah's representative in Iraq, he has also come to assume the unofficial role of co-ordinator for the country's many Iran-aligned militias following the demise of Suleimani. This January, Suleimani was killed in a US airstrike in Baghdad along with Abu Mahdi Al Muhandis, the former head of Kataib Hezbollah, one of the many Tehran-backed militias united under the umbrella of the Popular Mobilisation Forces, which he also co-headed.
With two major figures once responsible for the consolidation of Tehran's grip on Iraq now gone, a power vacuum had set in – although Esmail Qaani had been appointed Sulaimani's successor. And even as the PMF's militias jostled for power, Moqtada Al Sadr – whose Sairoon coalition is the largest bloc in parliament, faced off with authorities and other pro-Iranian groups for dominance in Iraqi politics. This is when Hezbollah stepped in to offer guidance. The group has had ties to Iraq's Iranian proxies for decades, going back to the days of Saddam Hussein's rule.
Supporters of Hezbollah listen to Hezbollah's Secretary-General Hassan Nasrallah as he delivers a televised speech. EPA
Shortly after Suleimani's killings, Hezbollah's representatives met with Iraqi militia leaders in a bid to unite their ranks. The end goal was to nominate a prime minister capable of putting together a cabinet agreeable to their Iranian patrons and at the same time capable of assuaging the concerns of Iraq's youth, who had been protesting against institutional corruption, Tehran's grip on the country and the rule of militias, since October. Hundreds of unarmed civilians have lost their lives in a bid to push out corrupted politicians. And even Mr Al Sadr, who had initially aligned himself with the protesters, began siding with Tehran and taking up arms against the protesters.
Fighters from the Syrian army units and Hezbollah are seen near Damascus. SANA
Hezbollah seemed ideally positioned to guide Iraq’s fractious militias through what is essentially a contradictory process. After all, the group has succeeded to quell, at least in part, Lebanon’s own protest movement that began 17 days after Iraq’s "October Revolution." These include the end of sectarian rule, widespread corruption and deteriorating standards of living.
Contrary to its Iraqi counterparts, Hezbollah can count on its image for being "incorruptible", an advantage in its dealings at home and abroad. Despite being listed as a terrorist organisation by the US, the Arab League and many European countries, the group maintains an aura of respectability, and even sanctity, with an influence beyond its traditional base of religious Shias. This is due in large part to the group’s claim of being a resistance movement and its success in liberating Lebanon’s south from Israeli occupation – although others also took part in the fight.
Hezbollah's Secretary-General Hassan Nasrallah also plays an important role in honing this image of sanctity. A clergyman claimed to be a descendant of Prophet Mohammed, his hours-long televised speeches can captivate an entranced audience from beginning to end. In fact, even as protesters rose up against Amal – the group’s only competitor within Lebanon's Shia community – in the early days of demonstrations, Hezbollah dodged overt condemnation in Shiite heartlands. It is unclear whether this silence was a result of the public's respect for the group or its fear of it.
Houthi fighters mobilise to fight pro-government forces in Sanaa, Yemen. Hani Mohammed / AP
Either way, Hezbollah's image has helped it to extend its reach beyond its borders. Its allure is striking not just in Syria but also in faraway Yemen. Reports suggest that the Houthi rebels there have received military training and advice from Hezbollah. Within just two years, the Houthis have reportedly raised nearly $1 million for the group through Ramadan fundraisers and radio campaigns, at a time when 80 per cent of Yemenis rely on aid to make ends meet. The rebels have even gone as far as mimicking its logo, albeit using different colours.
In addition to Hezbollah's reputation, cohesiveness and durability – the organisation is the Iranian regime’s oldest proxy – it can also count on the support of an international network of financiers dealing in drug-trafficking and money-laundering schemes from sub-Saharan Africa to Latin America’s Tri-Border Area. Some of Lebanon’s banks, such as the now-defunct Lebanese Canadian Bank and Jammal Trust Bank, have also been involved in funneling money to the group and its allies, allowing it to evade US sanctions.
Contrary to its Iraqi counterparts, Hezbollah can count on its image for being "incorruptible", an advantage in its dealings at home and abroad
This track record has allowed the group to become Tehran’s most trusted ally, one that can co-ordinate its external operations in times of strife and, essentially, play the same role as the Islamic Revolutionary Guard Corps, Iran's paramilitary volunteer militia of which Quds Force is a part. However, Hezbollah’s growing influence points not to Tehran’s increased hold over the region but to its mounting challenges at home and faltering leadership abroad.
Hezbollah itself is dealing with upheaval at home. Amid the coronavirus pandemic, protests have no doubt come to a halt in Iraq and Lebanon. But the group will, in all likelihood, continue to face challenges to its legitimacy as people return to the streets. And with a price tag now on one of its senior leaders abroad, Hezbollah's Iranian patron is running out of options to keep its other proxies within its grasp.
Aya Iskandarani is a staff Comment writer at The National
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.”
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
February 2, 2018 Bodytree will host its 4th annual yoga market.
Delhi Dragons: Ronaldinho
Bengaluru Royals: Paul Scholes
Mumbai Warriors: Ryan Giggs
Chennai Ginghams: Hernan Crespo
Telugu Tigers: Deco
Kerala Cobras: Michel Salgado
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.
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities. Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids. Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
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.
A timeline of the Historical Dictionary of the Arabic Language
Golden Ball - best Emirati player: Khalfan Mubarak (Al Jazira)
Golden Ball - best foreign player: Igor Coronado (Sharjah)
Golden Glove - best goalkeeper: Adel Al Hosani (Sharjah)
Best Coach - the leader: Abdulaziz Al Anbari (Sharjah)
Fans' Player of the Year: Driss Fetouhi (Dibba)
Golden Boy - best young player: Ali Saleh (Al Wasl)
Best Fans of the Year: Sharjah
Goal of the Year: Michael Ortega (Baniyas)
Coming soon
Torno Subito by Massimo Bottura
When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.
Akira Back Dubai
Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as, “an innovative Japanese cuisine prepared with a Korean accent”.
Dinner by Heston Blumenthal
The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems.
All matches in Bulawayo Friday, Sept 26 – First ODI Sunday, Sept 28 – Second ODI Tuesday, Sept 30 – Third ODI Thursday, Oct 2 – Fourth ODI Sunday, Oct 5 – First T20I Monday, Oct 6 – Second T20I
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
Seven tips from Emirates NBD
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
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
How to avoid crypto fraud
Use unique usernames and passwords while enabling multi-factor authentication.
Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
Avoid suspicious social media ads promoting fraudulent schemes.
Only invest in crypto projects that you fully understand.
Critically assess whether a project’s promises or returns seem too good to be true.
Only use reputable platforms that have a track record of strong regulatory compliance.
Store funds in hardware wallets as opposed to online exchanges.
1. Tadej Pogacar (SLO) UAE Team Emirates, in 3:20:24
2. Adam Yates (GBR) Ineos Grenadiers, at 1s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 5s
General Classification
1. Tadej Pogacar (SLO) UAE Team Emirates, in 25:38:16
2. Adam Yates (GBR) Ineos Grenadiers, at 22s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 48s
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood. Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues. Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity. Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.