Key areas of Syrian capital under increasing fire


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Damascus //Rebels and regime loyalists fought over key areas on the outskirts of Damascus yesterday, as the intensifying war prompted renewed diplomatic efforts to find a political solution to the Syrian crisis.

From early morning, forces loyal to president Bashar Al Assad fired a steady stream of mortar and shellfire into Daraya and Muadamiya, rebel strongholds on the southern outskirts of the capital. The latest outbreak of fighting there has been underway for weeks.

Whoever holds the districts controls the main western and southern gateways to Damascus. Daraya is also a vantage point from which opposition forces can attack Mezze airport, a major military installation on the edge of the city.

In addition to regular army troops, residents of the southern suburbs said they had seen militia-style units in the area yesterday, playing loud pro-regime songs as they drove in civilian pickup trucks, fitted with anti-aircraft guns and ad hoc armour plating.

Nonetheless, main roads in the suburbs were open to ordinary traffic yesterday afternoon, although few people were out in cars.

To the east of Damascus, rebels said the international airport was now a combat zone, warning civilians they would use the sole motorway linking it to the city centre "at their own risk".

Even if rebels are not able to close the road by force, civilian traffic now seems more likely than ever to avoid using it out of fear. One Damascus resident said taxis prepared to make the 12km journey between the city and the airport were now asking for as much as 6,000 SYP (Dh260), compared to 1,000 SYP a few weeks ago. Civilian flights have also been cut back.

The deepening crisis in Syria, and recent alarm over the possible use of chemical weapons, has prompted a new outbreak of diplomatic activity, including an unexpected three-way meeting in Dublin between US secretary of state Hillary Clinton, Russian foreign minister Sergei Lavrov and Lakhdar Brahimi, the UN special envoy for Syria.

Moscow has given crucial backing to Mr Al Assad, while the US has sided with his opponents, a division that has paralysed the United Nations Security Council and prevented any internationally brokered solutions.

"Russia and the United States agreed that our experts will meet in the coming days with Brahimi and his people for a brainstorm and an exchange of opinions on how to move forward toward a resolution," Mr Lavrov said after the talks held on Thursday, although he warned against expecting breakthroughs.

Mr Brahimi also said there had been "no sensational decisions" but a discussion about "how we can work out hopefully a process that will get Syria back from the brink".

Although heavy fighting near to the capital has been sustained and is taking place simultaneously over a wide swathe of the suburbs, the balance of forces remains hard to gauge.

Rebels, and their supporters, have pushed a narrative of opposition forces converging decisively on the capital, with a final battle for Damascus close at hand.

In official and semi-official news outlets, the Syrian authorities say the opposite is true, with "terrorists" - their term for the rebels - suffering dramatic losses during a successful counter offensive.

Sana, the state run news agency, said leading rebels, including foreign fighters from Chechnya, were killed by the army outside of Damascus yesterday.

"The situation is changing rapidly and the rebels have been making ground but it is still much too soon to talk about the fall of Damascus," said an independent analyst based in the city.

"If the FSA is to take the Damascus it will require a lot more hard fighting and much more death and destruction, we all know that," he said.

More than 42,000 people have been killed since the uprising began in March 2011, most of them civilians, according to human-rights monitors.

Another 95 were reported killed nationwide yesterday by the Local Coordination Committees, a grassroots network of opposition activists. The Syrian Observatory for Human Rights said at least 77 people had been killed. Neither figure could be independently verified.

UN secretary-general Ban Ki-moon said yesterday he had not received any confirmed reports that Damascus was preparing to use chemical weapons, but said it would be an "outrageous crime" if it did so. Several western countries have this week warned Mr Al Assad's government not to resort to chemical arms, with many citing intelligence which Washington said showed the leader might be preparing to use poisonous gas.

Also yesterday, the Dutch government agreed a Nato request to send two Patriot missile defence systems to Turkey, in addition to batteries that will be deployed by Germany and the US.

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Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.

It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.

The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.

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The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

if you go

The flights
The closest international airport to the TMB trail is Geneva (just over an hour’s drive from the French ski town of Chamonix where most people start and end the walk). Direct flights from the UAE to Geneva are available with Etihad and Emirates from about Dh2,790 including taxes.

The trek
The Tour du Mont Blanc takes about 10 to 14 days to complete if walked in its entirety, but by using the services of a tour operator such as Raw Travel, a shorter “highlights” version allows you to complete the best of the route in a week, from Dh6,750 per person. The trails are blocked by snow from about late October to early May. Most people walk in July and August, but be warned that trails are often uncomfortably busy at this time and it can be very hot. The prime months are June and September.

 

 

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