I was 25 years old when, in the early hours of March 20, 2003, US-led coalition forces invaded Iraq and overthrew the government of Saddam Hussein.
It was just after midnight and I had only recently returned home from a quick dinner and a tour of the streets of Baghdad.
Earlier that evening, just a few shops remained open while the anxiety and anticipation of war were clearly seen on people's faces as they rushed home before a midnight curfew.
Seconds after I heard a big explosion, my father yelled: “War, it is war! War has started!”
The loud explosion forced me to instinctively bend over to cover my head with my hands.
As the air raid sirens shattered the dark, cold night of winter warning us of the bombs and missiles to come, the fear of an uncertain future became shockingly real.
As a child during the Iraq-Iran war in the 1980s, I had become familiar with the loud, wailing sirens, but they never failed to make my heart fall to my feet.
The noise that echoed across the city sounded like a pack of a thousand hungry wolves, howling in unison.
The aerial bombardment that followed was the start of the invasion, the “shock and awe” campaign and the show of military force few of us had seen before.
After a few days, the bombing finally began to relent, maybe because of a huge sandstorm that swept into Baghdad giving the city an ominous red glow.
I remember people saying the storm was a gift from God as it thwarted the advance of US troops.
It was only a temporary reprieve, as, by April 9, the US forces occupied Baghdad and pulled down Saddam Hussein’s bronze statue in a scene that will last forever in people's minds.
That moment was a gesture to announce the end of an era for Iraq.
This Monday will mark 20 years since the Iraq war of 2003 which succeeded in its goal of toppling the Saddam Hussein regime.
Memories still flash in my mind of the invasion that year, and the ones that followed.
Some Iraqis were happy to end Saddam’s regime while others were angry, and many were confused.
They didn’t know what to do and had mixed feelings.
The country moved into further chaos after the invasion
At that time, I felt better days would surely come and we would become a modern country like Japan or Germany after the Second World War. The reality was much different.
The 2003 war was followed by years of conflict and violent turmoil that led to the deaths of thousands of Iraqis and the exodus of millions more.
The country was dragged into chaos and Iraqis witnessed seemingly endless violence, an uncertain future and a loss of government trust.
Countless street battles between US forces and militias, scores of car bombings and kidnappings followed, and Iraqis lost hope for a better future for the country.
The majority of us did not know the politicians who arrived with the US troops.
Those politicians told Iraqis they too were fighting against Saddam’s regime, and vowed to make Iraq good once more.
After false claims by the coalition forces that Iraq’s hidden weapons of mass destruction justified the invasion, the US administration made another huge mistake.
Offering democracy to Iraqis — many who lived their entire lives knowing nothing about voting — proved a costly error.
People were encouraged to participate in elections in 2005 but the majority of voting happened based on sectarian beliefs.
The result was catastrophic as the sectarian war erupted, sending Baghdad towards another horrendous era of bloodshed and front-line battles.
At its lowest ebb, 40 per cent of the nation was held captive by the Islamic State of Iraq and Syria, the Salafi-Jihadist militants hellbent on establishing an Islamic caliphate.
Brutal battles to recover Mosul and other cities, soon followed as Iraq descended into chaos.
As many as four million left the country before the 2003 war.
The invasion only accelerated that trend as the number of displaced, internally and outside of Iraq would swell to nine million by 2020.
I witnessed the effects of 13 years of sanctions before the US invasion and an embargo that destroyed Iraqi society and plunged millions into poverty.
Thousands of Iraqi children died senselessly due to malnutrition and a lack of medicine because of the sanctions.
But the effect of the US invasion was painful and surreal to comprehend.
In 2003, the demands of the Iraqi people were simple: we needed security, good education and healthcare.
But fundamentally, we needed effective governance from officials who wanted the best for Iraq.
In 2023, those demands remain. Iraq is plagued with rampant corruption, while unemployment is now staggeringly high.
There is widespread public distrust in the government’s ability to deliver services and security, leading many to question if it was all worth the turmoil and heartbreak of war that devastated so many lives.
2003 invasion of Iraq — in pictures
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Rajasthan Royals 153-5 (17.5 ov)
Delhi Daredevils 60-4 (6 ov)
Rajasthan won by 10 runs (D/L method)
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
Killing of Qassem Suleimani
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.”
The biog
Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.
His advice to anyone starting out in business is to have no fear as life is about taking on challenges.
“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.
"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”
Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.
He relaxes by spending time with his family at home, and enjoying his wife’s India cooking.
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
PROFILE BOX:
Company/date started: 2015
Founder/CEO: Rami Salman, Rishav Jalan, Ayush Chordia
Based: Dubai, UAE
Sector: Technology, Sales, Voice, Artificial Intelligence
Size: (employees/revenue) 10/ 100,000 downloads
Stage: 1 ($800,000)
Investors: Eight first-round investors including, Beco Capital, 500 Startups, Dubai Silicon Oasis, Hala Fadel, Odin Financial Services, Dubai Angel Investors, Womena, Arzan VC
The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press
The specs: 2018 Chevrolet Trailblazer
Price, base / as tested Dh99,000 / Dh132,000
Engine 3.6L V6
Transmission: Six-speed automatic
Power 275hp @ 6,000rpm
Torque 350Nm @ 3,700rpm
Fuel economy combined 12.2L / 100km
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Match info:
Leicester City 1
Ghezzal (63')
Liverpool 2
Mane (10'), Firmino (45')
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
THE%20JERSEYS
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Kill%20
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MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
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