Smoke rises from a deadly explosion outside the airport in Kabul, Afghanistan. AP
Smoke rises from a deadly explosion outside the airport in Kabul, Afghanistan. AP
Smoke rises from a deadly explosion outside the airport in Kabul, Afghanistan. AP
Smoke rises from a deadly explosion outside the airport in Kabul, Afghanistan. AP

12 US troops killed and 15 wounded in Kabul attack


Patrick deHahn
  • English
  • Arabic

Twelve US troops were killed and 15 wounded in a suicide bombing outside the Kabul airport on Thursday, the Pentagon confirmed, marking the deadliest day for US forces in Afghanistan in a decade.

"We know that 12 US service members were killed in the attack," General Kenneth McKenzie said.

US sources told The Associated Press and Reuters that 11 marines and one navy medic had been killed in the attack.

Gen McKenzie, commander of Centcom, said a suicide bomber appeared to have detonated their explosive device while being screened by US personnel at an airport entrance. A second blast struck a nearby fortified hotel soon after.

Additional attacks were possible in Kabul, with ongoing "extremely active threats" at the airport.

“We believe it is their desire to continue these attacks and we expect those attacks to continue," the four-star general said.

"If we find who was behind this, we will go after them," he continued, while not naming who was responsible.

Thursday’s fatalities are the first time any US troops have been killed in combat in Afghanistan since February 2020, when two army sergeants died in an apparent insider attack in Nangarhar province.

The deaths mark the deadliest day for US forces since 2011, when 31 Americans -- including 23 Navy SEALs -- were killed in a helicopter shoot-down.

Overall casualty numbers were not clear, but many Afghan civilians were believed to have been killed at the airport.

“A number of others are being treated for wounds,” Pentagon spokesman John Kirby said.

“We also know that a number of Afghans fell victim to this heinous attack.”

An emergency hospital in Kabul said it had received 60 wounded patients.

The US State Department and western allies had told people to leave the vicinity of the Kabul airport “immediately”, hours before the explosions.

President Joe Biden this week stated that the US government has been detecting threats from ISIS-K, the ISIS affiliate in Afghanistan.

This is a developing story …

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.”

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Updated: April 27, 2022, 11:38 AM