Fleeing Afghan soldiers sit at a bridge next to the Tajikistan-Afghanistan border in Tajikistan. AP
Fleeing Afghan soldiers sit at a bridge next to the Tajikistan-Afghanistan border in Tajikistan. AP
Fleeing Afghan soldiers sit at a bridge next to the Tajikistan-Afghanistan border in Tajikistan. AP
Fleeing Afghan soldiers sit at a bridge next to the Tajikistan-Afghanistan border in Tajikistan. AP

Taliban take districts in north-eastern Afghanistan from fleeing troops


Soraya Ebrahimi
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The Taliban’s march through northern Afghanistan gained momentum overnight with the capture of districts from troops, several hundred of whom fled across the border into Tajikistan, officials said on Sunday.

More than 300 Afghan military personnel crossed from Afghanistan’s Badakhshan province as Taliban fighters advanced toward the border, Tajikistan’s State Committee for National Security said.

The troops crossed the border about 6.30pm local time on Saturday

“Guided by the principles of humanism and good neighbourliness", authorities allowed the retreating troops into Tajikistan, the committee said.

Since mid-April, when US President Joe Biden announced the end to Afghanistan’s “forever war", the Taliban have made gains throughout the country.

But their most significant progress has been in the northern half, a traditional stronghold of the US-allied warlords who helped to defeat them in 2001.

The Taliban now control about a third of all 421 districts and district centres in Afghanistan.

The gains in north-eastern Badakhshan province in recent days have mostly been without a fight, said Mohib-ul Rahman, a provincial council member.

Mr Rahman blamed Taliban successes on the poor morale of troops who are mostly outnumbered and without supplies.

In the past three days, 10 districts fell to Taliban, eight without a fight, he said.

Hundreds of Afghan army, police and intelligence troops surrendered their military outposts and fled to the Badakhshan provincial capital of Faizabad, Mr Rahman said.

As a security meeting was being held early on Sunday to plan for strengthening the perimeter around Faizabad, some senior provincial officials were leaving for Kabul, he said.

In late June, the Afghan government reformed militias to support the beleaguered Afghan forces.

But Mr Rahman said many of the militias in the Badakhshan districts put up only a half-hearted fight.

The areas under Taliban control in the north are increasingly strategic, running along Afghanistan’s border with central Asian states.

Last month the religious movement took control of Imam Sahib, a town in Kunduz province opposite Uzbekistan, and gained control of a key trade route.

The inroads in Badakhshan are particularly significant as it is the home province of former president Burhanuddin Rabbani, who was killed by a suicide bomber in 2011.

His son, Salahuddin Rabbani, is part of the current High Council for National Reconciliation.

The former president also led Afghanistan’s Jamiat-e-Islami, the party of famed anti-Taliban fighter Ahmad Shah Massoud who was killed by a suicide bomber two days before the 9/11 attacks in America.

The Interior Ministry on Saturday said the defeats were temporary, although it was not clear how it would regain control.

Taliban spokesman Zabihullah Mujahid confirmed the fall of the districts and that most were without a fight.

The Taliban in previous surrenders have shown video of Afghan soldiers taking transport money and returning to their homes.

Company profile

Company name: Nestrom

Started: 2017

Co-founders: Yousef Wadi, Kanaan Manasrah and Shadi Shalabi

Based: Jordan

Sector: Technology

Initial investment: Close to $100,000

Investors: Propeller, 500 Startups, Wamda Capital, Agrimatico, Techstars and some angel investors

At a glance

- 20,000 new jobs for Emiratis over three years

- Dh300 million set aside to train 18,000 jobseekers in new skills

- Managerial jobs in government restricted to Emiratis

- Emiratis to get priority for 160 types of job in private sector

- Portion of VAT revenues will fund more graduate programmes

- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government

RESULTS

5pm: Wathba Stallions Cup Maiden (PA) Dh 70,000 (Dirt) 1,600m
Winner: Samau Xmnsor, Abdul Aziz Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Maiden (PA) Dh 70,000 (D) 1,600m
Winner: Ottoman, Szczepan Mazur, Abdallah Al Hammadi
6pm: Maiden (PA) Dh 70,000 (D) 1,800m
Winner: Sharkh, Patrick Cosgrave, Helal Al Alawi
6.30pm: Handicap (PA) Dh 85,000 (D) 1,800m
Winner: Yaraa, Fernando Jara, Majed Al Jahouri
7pm: Handicap (PA) Dh 70,000 (D) 2,000m
Winner: Maaly Al Reef, Bernardo Pinheiro, Abdallah Al Hammadi
7.30pm: Maiden (PA) Dh 70,000 (D) 1,000m
Winner: Jinjal, Fabrice Veron, Ahmed Al Shemaili
8pm: Handicap (PA) Dh 70,000 (D) 1,000m
Winner: Al Sail, Tadhg O’Shea, Ernst Oertel

Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business

 

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

UAE currency: the story behind the money in your pockets
Expert advice

“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”

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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.”

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

Updated: July 04, 2021, 9:39 PM