The city before the danger zone


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  • Arabic

Ayesha Akram remembers Peshawar as a bustling trade centre, but fear and rubble obscure the city's past. I could see my husband tensing up as we drove past Attock and into Peshawar city. The early afternoon sunlight glinted off our windscreen and highlighted his knuckles, white from tightly grasping the steering wheel. My husband is a Pathan, born and bred in Peshawar. A number of his relatives still live there, though his immediate family moved away when he was about seven years old. This was the first time I was travelling with him to his native city, and he was noticeably worried.

I hadn't been to Peshawar for years, and was excited at the prospect of drinking kawa, a strong and traditional Peshawar green tea, eating Afghan tikkas - pieces of fatty meat barbecued with only a salt marinade - and shopping in the Barra markets, where goods smuggled from China and Afghanistan are sold at ridiculously low prices. My eagerness was tempered, however, by recent news of Peshawar's increasingly tottering stability. In 2008, the city was the victim of four suicide bomb blasts, which cumulatively killed 99 and wounded another 226. The North-West Frontier Province was struck 29 times by suicide bombers, and 16 others hit targets in the adjacent Federally Administered Tribal Areas. Many of these blasts took place in crowded market places and near places of worship, where they took dozens of lives.

Though the Peshawar of today is hardly a tourist spot, not too long ago the city was constantly inundated by visitors from other parts of Pakistan. Even after they moved away, my husband's family would often make weekend trips here: the women spent days at the crowded marketplaces, and the men entertained themselves by chewing mutton tikkas and trying on Pashtun waistcoats, shawls and traditional headpieces called kullas.

Peshawar was established by the Mughal Emperor Akbar in the 16th century. For much of its history, the city was one of the main trading centres on the Silk Road, a meeting place of cultures from South and Central Asia and the Middle East. Today, though lorries can still be seen weaving their way through the city, getting around Peshawar has become incredibly dangerous. Last December, more than 200 lorries were torched in a single attack.

On our way to the house of a family friend - a retired Army brigadier - we had to cross the Ring Road, an infamously unsafe thoroughfare where a majority of the attacks on Nato lorries have taken place. My husband wanted to race our car across it, but a traffic jam slowed us to a tortoise's pace. As we edged forward, I caught sight of a couple of Humvees on the side of the road, burnt almost to a crisp.

Safely sipping kawa at our destination, we mentioned crossing the Ring Road. The brigadier almost dropped his tea cup. "What do you mean?" he asked. "Why did you travel on that road? Don't you know that no one, not even people like me who live in Peshawar, goes there?" He went on to explain that many more parts of the city were now no-go areas, where not even residents of the city would venture. "Previously, if one of my servants lost a family member or relative I would make it a point to attend the funeral. But now the situation is different," he said. "I make it clear to them that I can't leave, and they understand my predicament."

The brigadier insisted that we leave our car and have his driver take us back to our hotel. On the way, the driver regaled us with tales of Budaper, the part of the city where he was born. Today all of the area's residents own guns and only travel in groups. "It's survival of the fittest," he said, speaking in rapid-fire Pashto. "We have to save our skins, and the only way to do this is to become stronger by becoming armed."

Two hours later, a friend informed us that a sniper attack had taken place on the Ring road. Even the city centre felt different. Though crowds still thronged the streets, and vendors still screamed out their wares, there was a change in the way people were walking. The women had pulled their chadors lower down over their faces; in most cases only their eyes were uncovered. Instead of congregating in street corners for random chit chat, the men were mostly hurrying along their ways, avoiding idle gossip. Even the children seemed different - less likely to wander from their mother's sides.

We happened to be visiting one month after the Imam Bargah, a place of worship for Shiite Muslims located in the middle of a bustling marketplace, was attacked. Its ceiling and walls were destroyed, and eight people were injured. We were walking through the same marketplace when curiosity got the better of me. Grabbing my husband's arm, I pulled my chador further down my face and hurried into the side street leading toward the Imam Bargah. Rubble was still piling up outside the crumbled building; passers-by had to struggle to climb over mini-mountains of stone and cement.

An aged man was standing quietly in a corner, leaning on a stick with one of his legs bandaged up to his knee. I learnt he was the caretaker of the Iman Bargah and had been injured in the blast. "I heard the bomb blast," he said, speaking in a slightly raspy voice. "And then bricks came falling down toward us. A brick hit me on my head and I fainted." When he came to, he was lying on a hospital bed. I wondered why he still lived in the area - wasn't he afraid of another attack? "I am scared but this place is my home and I have to rebuild it," he said, becoming more animated as he talked on this subject. "I can't leave my home."

Ayesha Akram is a senior executive producer at Express News, a TV channel in Pakistan.

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Expert input

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'Outclassed in Kuwait'
Taleb Alrefai, 
HBKU Press 

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MATCH INFO

Manchester United 1 (Greenwood 77')

Everton 1 (Lindelof 36' og)

The biog

Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza

Hobby: Running and watching Welsh rugby

Travel destination: Cyprus in the summer

Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.

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Price, base: Dh198,300
Engine: 2.0L in-line four-cylinder
Transmission: Eight-speed automatic
Power: 280hp @ 5,250rpm
Torque: 400Nm @ 2,250rpm
Fuel economy, combined: 7L / 100km

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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:

Manchester City 2
Sterling (8'), Walker (52')

Newcastle United 1
Yedlin (30')

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WORLD RECORD FEES FOR GOALKEEPERS

1) Kepa Arrizabalaga, Athletic Bilbao to Chelsea (£72m)

2) Alisson, Roma to Liverpool (£67m)

3) Ederson, Benfica to Manchester City (£35m)

4) Gianluigi Buffon, Parma to Juventus (£33m)

5) Angelo Peruzzi, Inter Milan to Lazio (£15.7m

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

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
What can victims do?

Always use only regulated platforms

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Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Brief scores:

Toss: Kerala Knights, opted to fielf

Pakhtoons 109-5 (10 ov)

Fletcher 32; Lamichhane 3-17

Kerala Knights 110-2 (7.5 ov)

Morgan 46 not out, Stirling 40