Kabul is Afghanistan's last frontier as Taliban take key city of Jalalabad


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The Taliban on Sunday seized the last major city outside Kabul, cutting off the Afghan capital to the east and tightening their grip on the country.

The collapse of Jalalabad, near a major border crossing with Pakistan, leaves Afghanistan’s central government in control of only Kabul and seven of the country's 34 provincial capitals.

In a nationwide offensive, the Taliban have defeated, co-opted or sent Afghan security forces fleeing from large parts of the country, even with the country's military receiving air support from the US military.

Afghan President Ashraf Ghani, who spoke to the nation on Saturday for the first time since the offensive began, appears to be increasingly isolated as well.

Militia leaders he negotiated with days earlier have surrendered to the Taliban or fled, leaving Mr Ghani without a military option. Negotiations in Qatar, where the Taliban have a political office, have also failed to stop the insurgents’ advance.

Last week, a US intelligence source said Kabul could hold out for at least three months.

The fall of Jalalabad has also given the Taliban control of a road leading to the Pakistani city of Peshawar, one of the main routes into landlocked Afghanistan.

It followed the Taliban's seizure of the northern city of Mazar-i-Sharif late on Saturday, which also fell with little fighting.

"There are no clashes taking place right now in Jalalabad because the governor has surrendered to the Taliban," an Afghan official in Jalalabad told Reuters.

"Allowing passage to the Taliban was the only way to save civilian lives."

Another security official in the city said the Taliban had agreed to give safe passage to government officials and security forces departing the city.

The decision to surrender was taken to avoid "casualties and destruction", the official said.

After US-led forces withdrew the bulk of their remaining troops in the past month, the Taliban campaign accelerated as the Afghan military's defences appeared to collapse.

On Saturday, US President Joe Biden authorised the assignment of 5,000 troops to help move US citizens to safety and ensure an "orderly and safe" withdrawal of American military personnel.

A US defence official said that number included 1,000 newly approved troops from the 82nd Airborne Division.

Taliban fighters entered Mazar-i-Sharif on Saturday virtually unopposed as security forces escaped along the road to neighbouring Uzbekistan, about 80 kilometres to the north, provincial officials said.

Unverified video on social media showed Afghan military vehicles and men in uniforms crowding the iron bridge between the Afghan town of Hairatan and Uzbekistan.

Two influential militia leaders supporting the government – Atta Mohammad Noor and Abdul Rashid Dostum – also fled. Mr Noor said on social media that the Taliban had been handed control of Balkh province, where Mazar-i-Sharif is located, due to a "conspiracy".

Late on Saturday, the Taliban said their rapid gains showed they were popularly accepted by the Afghan people and reassured both Afghans and foreigners that they would be safe.

The Taliban "will, as always, protect their life, property and honour and create a peaceful and secure environment for its beloved nation", the insurgents said.

Diplomats and aid workers will also not face any problems, they said.

Early on Sunday, refugees from Taliban-controlled provinces were seen unloading belongings from taxis in Kabul, families stood outside embassy gates, while the city centre was packed with people stocking up on supplies.

Hundreds of people slept huddled in tents or in the open in the city, by roadsides or in car parks, a resident said on Saturday night.

"You can see the fear in their faces," he said.

Western governments were accelerating plans to remove their embassy staff, citizens and Afghans who had worked for them.

The US State Department has reached out to advocates to request names of Afghans in Kabul who have worked with the Americans and need to be moved to safety, two sources said.

The list of names could include journalists and human rights activists.

The UK ambassador will leave the country by Sunday evening, UK media reported.

The country, which was sending 600 troops, sped up the departure of its citizens owing to the rising risk that the Taliban would overrun the airport, UK media reported.

Mr Biden said his administration told Taliban officials in Qatar that any action that put US personnel at risk "will be met with a swift and strong US military response".

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

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

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

UAE currency: the story behind the money in your pockets
The stats

Ship name: MSC Bellissima

Ship class: Meraviglia Class

Delivery date: February 27, 2019

Gross tonnage: 171,598 GT

Passenger capacity: 5,686

Crew members: 1,536

Number of cabins: 2,217

Length: 315.3 metres

Maximum speed: 22.7 knots (42kph)

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

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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.

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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.”

Updated: August 15, 2021, 8:08 AM