The fight against ISIL is approaching a new milestone with Syrian rebels backed by Turkey and the United States-led coalition closing in on Dabiq, a town in rural Aleppo, which is central to the group’s propaganda.
The battle to liberate the town is expected to begin this week. Dabiq’s takeover would not just serve as a symbolic blow to the group’s core claims, but it would be a fitting win before the major battles to retake Mosul and Raqqa, ISIL’s two capitals in Iraq and Syria.
The battle to retake the areas the group controlled in Syria in 2014 is still in its early stages, unlike the one in Iraq, where the extremist group has lost more than 50 per cent of its territory. So, Washington’s next moves will shape the direction of the battle in Syria, where only 25 per cent of ISIL-controlled areas have been liberated.
The Syrian battle is further complicated by theabsence of a central government with which the US can coordinate. The lack of a friendly government partner also means that one ISIL-controlled province, namely Deir Ezzor, will require special treatment because of the regime’s presence there. Sources say that the US has even shelved any plan for an offensive in Deir Ezzor altogether as a result, especially after the erroneous strike on regime soldiers there on September 17.
Given this reality, the chances for the campaign in Syria hinge on Washington’s ability to organise the various forces fighting the group. In theory, the anti-ISIL battles should be straightforward in Syria. The operation to clear up the pockets the group controls in rural Aleppo will pave the way for an offensive to retake Raqqa starting from the northern parts.
But the problem is that the US approach has a number of flaws that American officials do not seem to grasp. One that has near-term implications centres on the collaboration with Turkey, which is far more critical to the anti-ISIL fight there than it is in Iraq.
More importantly, American officials still fail to come up with a formula for a Kurdish-Arab cooperation that does not involve the support of one side’s political agenda at the expense of the other. This failure has often led to a cart before the horse situation, with US officials complaining that rebel forces were not serious about fighting ISIL, even though the US policy had led to such disinclination.
American officials often complain that Turkey has demonstrably failed to provide adequate rebel forces to fight against ISIL despite promises. Officials wonder that if Turkey could not get large numbers to fight under its own banner, how could it help recruit approximately 13,000 fighters to fight in Raqqa? This situation further reinforced Washington’s desire to work with the Kurds, including to retake Raqqa.
But rebels say America’s refusal to support a full-fledged Arab force to fight against ISIL is the cause of this hurdle. This force should not be limited to fighting, but it should also have a political umbrella that can operate and govern under the support of the US-backed coalition, as does the Kurdish Democratic Union Party.
The US has shown no commitment to such a project, which rebels believe should not be beholden or part of a Kurdish ambition in any way. American officials fail to grasp this factor and continue to push for Arab representation within the Kurdish-dominated Syrian Democratic Forces. A stand-alone Arab coalition will signal to the rebels that they have a sustainable stake in heavier involvement in the fight against ISIL, which operates in their areas after it expelled them in 2014.
Also, an independent political umbrella for such a force would provide it with the necessary legitimacy and direction to project itself as part of the opposition’s aspirations rather than as a proxy for foreign countries. In the absence of such a vision, the forces fighting against ISIL under the Turkish banner are already being seen by some rebel factions as being dragged into someone else’s war while Aleppo burns.
Criticism of these fighters mostly comes from groups such as Jabhat Fateh Al Sham (JFS), formerly Jabhat Al Nusra, which is another reason for supporting the creation of a popular force to counter both JFS and ISIL, given that the two groups seem to be Washington’s priority.
The discord among Turkey and the US in Syria has proven to be costly over the past few months. Some towns were quickly retaken by ISIL. Some towns such as Al Rai were taken and lost several times, as a result of the lack of coordination and understanding. When the battle to retake Manbij began in June, Turkish-backed rebels suddenly stopped fighting ISIL in some areas, which allowed the group to focus on Manbij, a significant factor in the protraction and the high casualty of that battle.
Also, Turkey has shown that it could deepen or lessen the Kurdish-Arab tensions in those areas. Turkish-backed rebels, for example, participated in the battle to defend Kobani in 2014 even though the same forces fought against the Kurds there and in other areas a few months earlier with encouragement from Turkey.
The defeat of ISIL in Syria requires a different approach from the one in Iraq. Striking the right balance between the military and political challenges will be vital for the success of the campaign in this country.
Hassan Hassan is a resident fellow at the Tahrir Institute for Middle East Policy and co-author of ISIS: Inside the Army of Terror
On Twitter: @hxhassan
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The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
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.”
Need to know
Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.
Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
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.
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Jawab Iteiqal
Director: Mohamed Sammy
Starring: Mohamed Ramadan, Ayad Nasaar, Mohamed Adel and Sabry Fawaz
2 stars
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now