Obama focuses on Afghan war


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Within hours of being named a Nobel peace laureate, the US President Barack Obama had once again convened his war council for crucial talks with his senior civilian and military advisers on overhauling the strategy for the faltering Afghan war. "The three-hour session in the White House situation room was devoted to Gen Stanley McChrystal's recent assessment that the Taliban have so much momentum that the US and its allies face possible 'mission failure' unless the US sends tens of thousands of American reinforcements to Afghanistan," The Wall Street Journal reported. "Gen McChrystal has given the administration three options for increasing US troop levels, with the largest calling for an influx of more than 60,000 troops, according to US officials - which would roughly double the US military presence in Afghanistan, which will hit 68,000 by year-end. Gen McChrystal and other senior members of the military want a somewhat smaller troop increase of 40,000, but the White House appears uneasy about escalating a war that is rapidly losing public and congressional support." The Times said: "The White House is uneasy about sending so many on top of an extra 21,000 already dispatched this year, fearing this could escalate the war which has already claimed the lives of 241 American soldiers this year. "Obama's delay in coming to a decision has led generals to warn that the Taliban will see it as lack of resolve and take advantage. The Taliban stepped up attacks last week with a bomb in Kabul, which killed 17 people, and an onslaught against a US military post in which eight Americans died. "Anthony Zinni is one of a number of retired generals who have taken to the airwaves insisting more troops should be sent. 'The risk if you take too much time is you look like you're dithering and both our allies and enemies will wonder if we're really committed,' he warned. "The president is reportedly frustrated that the debate has become polarised between those who want to send more troops and their critics, who say it would lead to another Vietnam. They advocate more reliance on drones and special forces. "Leslie Gelb, president emeritus of the Council on Foreign Relations, argues that the president has only himself to blame. 'It was Obama who insisted in March and again last month that this was a "war of necessity" and must be fully resourced rather than looking at what we really have at stake in Afghanistan.'" Dr Nasim Ashraf, a former minister in the Musharraf administration in Pakistan wrote: "The sooner Afghanistan is stabilised politically, the earlier the United States can disengage militarily. How does America do that? "Initiate a political dialogue with the various Pashtun leaders in Afghanistan and the Taliban but also enlist the help of their tribal cousins in Pakistan. Pakistan would welcome such a move and definitely would assist, as it is entirely in Pakistan's interest to have peace in Afghanistan. "The political instability and ethnic imbalance brought about in Afghanistan after September 11, 2001, when the US essentially outsourced the country to the Northern Alliance - comprised of the minority groups of Tajiks, Uzbeks and Hazaras - marginalised the Pashtuns and pushed them into the Taliban fold even though the Pashtuns were not ideological supporters of Taliban. Hamid Karzai, although a Pashtun, was never accepted by the Pashtuns as their legitimate representative, as he was an outsider and did nothing to stop the disenfranchisement of the Pashtuns. When his defense minister and later his running mate in the recent elections, Mohammad Qasim Fahim, a Tajik warlord, raised 80,000 troops for the Afghan National Army, it had hardly any Pashtun representation. This created resentment and forced the Pashtuns to seek jobs with the Taliban and other local warlords. "All Taliban may be Pashtuns, but all Pashtuns are not Taliban. While the majority of Pashtuns are fighting alongside the Taliban against the US and coalition forces, they are not ideologically aligned with, nor do they support the Taliban. For them, it is a matter of custom and tradition to fight against any outsider." Jason Straziuso, chief correspondent for the Associated Press in Afghanistan who is about to leave after a three year assignment, said: "The quiet truth whispered by soldiers in the field and aid workers in Kabul is that the Afghan government is not likely to ever control southern Afghanistan's wildlands, the foreboding territory beyond the provincial capitals. "Villagers fear thieving police more than militants, and the August presidential election laid bare how pervasive corruption is here. The Taliban is playing to the general disgust with corruption by offering itself as an alternative. "Mullah Abdul Salam Zaeef, a large man with a woolly black beard, once served as the Taliban's ambassador to Pakistan. He always greets me with a smile and seems an unlikely representative for a hardline regime. He uses an iPhone - though his grandson recently broke it. "Zaeef is a conduit between the Afghan government and Mullah Omar's Taliban. Zaeef told me the militant leadership refers to its forces not as Taliban now, but as 'mujahedeen,' a throwback to the Afghan 'holy warriors' who ousted the Soviet Union at the end of the 1980s. The reason is that only one out of 10 militant fighters is a true 'Taliban'. The rest are ordinary Afghans, Zaeef said. "That bodes extremely ill for US and Nato efforts. " 'Every day you are killing people. Dozens of people. They have brothers, they have fathers, they have sons,' Zaeef said. 'The Taliban are my brothers, the Taliban are my sons. The Taliban are my cousins. They are not different from us. They did not come from the sky. They did not come from another Earth. They are all from Afghanistan.'" In The Boston Globe, Andrew J Bacevich wrote: "Obama ran for the presidency promising change. The doves sense correctly that Obama's decision on Afghanistan may well determine how much - if any - substantive change is in the offing. "If the president assents to McChrystal's request, he will void his promise of change at least so far as national security policy is concerned. The Afghanistan war will continue until the end of his first term and probably beyond. It will consume hundreds of billions of dollars. It will result in hundreds or perhaps thousands more American combat deaths - costs that the hawks are loath to acknowledge. "As the fighting drags on from one year to the next, the engagement of US forces in armed nation-building projects in distant lands will become the new normalcy. Americans of all ages will come to accept war as a perpetual condition, as young Americans already do. That 'keeping Americans safe' obliges the United States to seek, maintain, and exploit unambiguous military supremacy will become utterly uncontroversial. "If the Afghan war then becomes the consuming issue of Obama's presidency - as Iraq became for his predecessor, as Vietnam did for Lyndon Johnson, and as Korea did for Harry Truman - the inevitable effect will be to compromise the prospects of reform more broadly. "At home and abroad, the president who advertised himself as an agent of change will instead have inadvertently erected barriers to change."

pwoodward@thenational.ae

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The specs: 2017 Dodge Ram 1500 Laramie Longhorn

Price, base / as tested: Dhxxx
Engine: 5.7L V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 556Nm @ 3,950rpm
Fuel economy, combined: 12.7L / 100km

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
UAE currency: the story behind the money in your pockets
%E2%80%98White%20Elephant%E2%80%99
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jesse%20V%20Johnson%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Michael%20Rooker%2C%20Bruce%20Willis%2C%20John%20Malkovich%2C%20Olga%20Kurylenko%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
'Spies in Disguise'

Director: Nick Bruno and Troy Quane

Stars: Will Smith, Tom Holland, Karen Gillan and Roshida Jones 

Rating: 4 out of 5 stars

UAE WARRIORS RESULTS

Featherweight

Azouz Anwar (EGY) beat Marcelo Pontes (BRA)

TKO round 2

Catchweight 90kg

Moustafa Rashid Nada (KSA) beat Imad Al Howayeck (LEB)

Split points decision

Welterweight

Gimbat Ismailov (RUS) beat Mohammed Al Khatib (JOR)

TKO round 1

Flyweight (women)

Lucie Bertaud (FRA) beat Kelig Pinson (BEL)

Unanimous points decision

Lightweight

Alexandru Chitoran (ROU) beat Regelo Enumerables Jr (PHI)

TKO round 1

Catchweight 100kg

Marc Vleiger (NED) beat Mohamed Ali (EGY)

Rear neck choke round 1

Featherweight

James Bishop (NZ) beat Mark Valerio (PHI)

TKO round 2

Welterweight

Abdelghani Saber (EGY) beat Gerson Carvalho (BRA)

TKO round 1

Middleweight

Bakhtiyar Abbasov (AZE) beat Igor Litoshik (BLR)

Unanimous points decision

Bantamweight

Fabio Mello (BRA) beat Mark Alcoba (PHI)

Unanimous points decision

Welterweight

Ahmed Labban (LEB) v Magomedsultan Magomedsultanov (RUS)

TKO round 1

Bantamweight

Trent Girdham (AUS) beat Jayson Margallo (PHI)

TKO round 3

Lightweight

Usman Nurmagomedov (RUS) beat Roman Golovinov (UKR)

TKO round 1

Middleweight

Tarek Suleiman (SYR) beat Steve Kennedy (AUS)

Submission round 2

Lightweight

Dan Moret (USA) v Anton Kuivanen (FIN)

TKO round 2

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

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.”

MATCH INFO

World Cup qualifier

Thailand 2 (Dangda 26', Panya 51')

UAE 1 (Mabkhout 45 2')

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yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

If you go

The flights

There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.

The trip

Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.

The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.

 

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The specs

Engine: 3.0-litre six-cylinder MHEV

Power: 360bhp

Torque: 500Nm

Transmission: eight-speed automatic

Price: from Dh282,870

On sale: now

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

HER%20FIRST%20PALESTINIAN
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Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
The%20team
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Book%20Details
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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Where to buy

Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.com