Assad's tanks bombard Aleppo


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BEIRUT //The Syrian army used tanks and helicopters to bombard parts of Aleppo yesterday as the feared air and ground assault against rebel fighters in Syria's largest city began.

Regime forces who have been building up in and around the city moved on south-western districts of Aleppo, where rebel fighters have been largely in control for the past week.

Activists said the attack began yesterday morning as the army bombarded several areas before armoured units moved in. Salaheddine, a neighbourhood in the south-west of the city that was one of the first to be seized by rebel fighters, bore the brunt of much of the attacks.

Video posted online showed rebels fighting government forces on a street in Salaheddine that echoed with the sound of gunfire, as plumes of smoke rose from buildings hit by explosions.

"The regime's forces tried to storm the headquarters of Salaheddine but, thank God, the heroes of the Free Syrian Army repulsed the attack," FSA Colonel Abdel Jabbar Al Oqaidi said.

"We have now destroyed eight armoured vehicles. There are 100 tanks massed on the outskirts of the district. The battle will be hard because there is no balance of forces, but we are determined and we have faith in God."

Syria's state news agency, Sana, described violence in the Furqan district as "a terrorist group … terrorising residents".

Activists said thousands of people tried to flee the escalating violence in the city. Some families left clutching jars of preserves and bottles of milk and water amid food shortages. Those who were not able to get away in time hid in basements.

Three women sheltering in a Salaheddin basement were all armed with small pistols. "I would choose death rather than be attacked by the regime soldiers," one said.

Foreign powers have expressed concern about the potential for massive civilian casualties in the city as the fighting escalates. Even Russia, a key Syrian ally, yesterday warned of a looming tragedy in Aleppo, home to about three million people and the country's commercial hub.

However, Sergei Lavrov, Russia's foreign minister, said the Syrian military could not be expected to stand by while opposition fighters took control of major urban areas.

"We are persuading the government that they need to make some first gestures," he said. "But when the armed opposition are occupying cities like Aleppo, where yet another tragedy is brewing as I understand … it is not realistic to expect that they will accept this."

Mr Lavrov also stressed his country has not entered into an agreement to grant Mr Al Assad asylum.

"We have said more than once publicly that we are not even thinking about this," he told reporters when asked about media reports of a possible asylum deal.//

Despite failed attempts to get the United Nations Security Council to agree on a unified stand on Syria, the French president Francois Hollande yesterday again called on the council to intervene in the conflict "as quickly as possible" to prevent further chaos.

Turkey also added its voice to the growing international condemnation of the Syrian government's actions in Aleppo. Speaking in London, Recep Tayyip Erdogan, the country's prime minister, said it was not possible "to remain an observer or spectator" to the offensive and urged the international community to act.

"What is happening is very important and very dangerous," said Mr Erdogan.

"There is a regime there that kills and massacres its own people. We must do what we can together, in the United Nations Security Council and also in the Organisation of Islamic Cooperation and the Arab League, to make sure that we can make some important progress in trying to avert this appalling situation."

More than 20,000 people have now been killed since the uprising against the regime of Bashar Al Assad began in March last year, the UK-based Syrian Observatory for Human Rights said yesterday. Most of the dead have been civilians and rebel fighters, said the group, which also recorded the deaths of more than 5,000 members of the security forces.

At least 120 people were killed across the country yesterday, including more than 20 children, according to the Local Coordination Committees. The group, a network of Syrian activists, said at least 30 people were killed in Aleppo and 22 in the Damascus area.

Four children were killed in Moadamiyat Sham on the outskirts of Damascus, when the area was hit by intense shelling, according to the LCC.

Activists also reported further violence across the country yesterday including in Idlib, Hama and Deir Ezzor.

These reports could not be verified.

Russia warned yesterday that it would not cooperate with the requirements of recent European Union sanctions that sought to impose a stricter arms embargo on the Assad regime.

Moscow said it would not allow EU states to search vessels that may be suspected of transporting weapons to Syria.

"We … will not consider appeals and give consent to searches of vessels sailing under the Russian flag, nor to the application of other restrictive measures to them," the Russian foreign ministry spokesman Alexander Lukashevich said.

Moscow has been heavily criticised for continuing arms shipments to the Syrian government during the civil war.

Syrian state television said security forces had freed two foreigners captured earlier this month by an armed group.

"Our forces have managed to release two Italians who were kidnapped by terrorists in the Damascus countryside," it said, with footage of the men being interviewed.

The captured men, believed to be Italian engineers working at a power plant south of Damascus, were en route to the airport over a week ago when they were taken by masked men.

It is not known who abducted them. Giulio Terzi, the Italian foreign minister, their release.

* With additional reporting by Reuters, the Associated Press and Agence France-Presse

ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

If you go...

Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).

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Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

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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.

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UAE currency: the story behind the money in your pockets
PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

ASHES SCHEDULE

First Test
November 23-27 (The Gabba, Brisbane)
Second Test
December 2-6 (Adelaide Oval, Adelaide)
Third Test
December 14-18 (Waca Ground, Perth)
Fourth Test
December 26-30 (Melbourne Cricket Ground, Melbourne)
Fifth Test
January 4-8, 2018 (Sydney Cricket Ground, Sydney)

The%20National%20selections
%3Cp%3E6pm%3A%20Barakka%3Cbr%3E6.35pm%3A%20Dhahabi%3Cbr%3E7.10pm%3A%20Mouheeb%3Cbr%3E7.45pm%3A%20With%20The%20Moonlight%3Cbr%3E8.20pm%3A%20Remorse%3Cbr%3E8.55pm%3A%20Ottoman%20Fleet%3Cbr%3E9.30pm%3A%20Tranquil%20Night%3C%2Fp%3E%0A

Paris Can Wait
Dir: Eleanor Coppola
Starring: Alec Baldwin, Diane Lane, Arnaud Viard
Two stars

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

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.”

Company%20profile
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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Sunday:
GP3 race: 12:10pm
Formula 2 race: 1:35pm
Formula 1 race: 5:10pm
Performance: Guns N' Roses

Match info

Uefa Nations League Group B:

England v Spain, Saturday, 11.45pm (UAE)

Superpower%20
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ESean%20Penn%2C%20Aaron%20Kaufman%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

JOKE'S%20ON%20YOU
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KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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The chef's advice

Troy Payne, head chef at Abu Dhabi’s newest healthy eatery Sanderson’s in Al Seef Resort & Spa, says singles need to change their mindset about how they approach the supermarket.

“They feel like they can’t buy one cucumber,” he says. “But I can walk into a shop – I feed two people at home – and I’ll walk into a shop and I buy one cucumber, I’ll buy one onion.”

Mr Payne asks for the sticker to be placed directly on each item, rather than face the temptation of filling one of the two-kilogram capacity plastic bags on offer.

The chef also advises singletons not get too hung up on “organic”, particularly high-priced varieties that have been flown in from far-flung locales. Local produce is often grown sustainably, and far cheaper, he says.

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Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

Without Remorse

Directed by: Stefano Sollima

Starring: Michael B Jordan

4/5

MATCH INFO

Uefa Champions League semi-finals, second leg:

Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE

Game is on BeIN Sports

UAE currency: the story behind the money in your pockets
Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters