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The Taliban on Wednesday said their Supreme Leader Hibatullah Akhundzada will be Afghanistan's top authority and a president or prime minister will run the country under his direction, local and international media reported.
“There is no doubt about the presence of the Commander of the Faithful [Akhundzada] in the government. He will be the leader of the government and there should be no question on this, “said Anamullah Samangani, a member of the Taliban’s cultural commission, according to ToloNews.
A senior Taliban official also told Reuters that Mr Akhundzada will have ultimate power over the governing council.
The supreme Taliban leader has three deputies: Mawlavi Yaqoob, son of the movement's late founder Mullah Omar; Sirajuddin Haqqani, leader of the powerful Haqqani network; and Abdul Ghani Baradar, one of the founding members of the group.
The Taliban ran their first government with an unelected leadership council which brutally enforced a radical form of Sharia from 1996 until it was overpowered by US-led forces in 2001.
The Taliban have tried to present a more moderate face to the world since they swept aside the US-backed government and returned to power last month, promising to protect human rights and refrain from reprisals against old enemies.
But the US, European Union and others have cast doubt on such assurances, saying formal recognition of the new government - and the economic aid that would flow from that - is contingent on action.
“We're not going to take them at their word, we're going to take them at their deeds,” US Undersecretary of State Victoria Nuland told a news briefing on Wednesday.
Meanwhile, the militant group said discussions on who will be in the new government are almost finished and they will be making an announcement soon.
“Consultations are almost finalised on the new government, and the necessary discussions have also been held about the cabinet. The Islamic government that we will announce will be a … model for the people,” Mr Samangani said.
Analyst Mohammad Hassan Haqyar told ToloNews that the new government “should be neither republic nor emirate. It should be something like an Islamic government. Hebatullah [Akhundzada] should be at the top of the government, and he will not be the president. He will be the leader of Afghanistan. Below him there will be a prime minister or a president that will work under his oversight.”
The last US troops left Afghanistan just before midnight on Tuesday, ending the two-decade conflict, after the Taliban's lightning capture of much of the country led to the collapse of the government of Ashraf Ghani.
While the Taliban are cementing control of Kabul and provincial capitals, they are fighting with opposition groups and remnants of the Afghan army holding out in mountains north of the capital.
Mr Akhundzada has been more of a figurehead than a key player. He is the third person to fill the role of spiritual leader, often issuing fatwas or religious rulings on a range of topics.
He came to power in 2016 after his predecessor Akhtar Mansour was killed in a US drone strike.
Born in Kandahar's Panjwayi district in 1961, his family moved to Pakistan during the Soviet invasion of 1979 before Mr Akhundzada fought against the Soviets in the early 1980s.
In 1996, upon the Taliban capture of Kabul during the Afghan civil war of the 1990s, which ushered in Taliban rule until 2001, Mr Akhundzada became a member of the group's Department of the Promotion of Virtue and the Prevention of Vice, which enforced the Taliban's interpretation of Sharia.
He rose through the ranks, becoming a spiritual adviser to Mohammed Omar, the group's leader and co-founder, and then served as the group's deputy leader in 2015.
Omar is remembered for refusing to hand over wanted terrorist Osama bin Laden in 2001 after the September 11 attacks, leading the US to rally an international alliance against the Taliban.
Mr Akhundzada survived two assassination attempts — one in 2012 and another in 2019 by Afghan forces.
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Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
AIR
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Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Results
5pm: Al Falah – Maiden (PA) Dh80,000 (Turf) 1,200m; Winner: Bshara, Richard Mullen (jockey), Salem Al Ketbi (trainer)
5.30pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,400m; Winner: AF Musannef, Tadhg O’Shea, Ernst Oertel
6pm: Al Dhafra – Maiden (PA) Dh80,000 (T) 1,600m; Winner: AF Mualami, Antonio Fresu, Abubakar Daud
6.30pm: Al Khaleej Al Arabi – Handicap (PA) Dh80,000 (T) 1,600m; Winner: Hawafez, Adrie de Vries, Abubakar Daud
7pm: Al Mafraq – Handicap (PA) Dh80,000 (T) 1,600m; Winner: JAP Almahfuz, Royston Ffrench, Irfan Ellahi
7.30pm: Al Samha – Handicap (TB) Dh80,000 (T) 1,600m; Winner: Celestial Spheres, Patrick Cosgrave, Ismail Mohammed
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COMPANY%20PROFILE
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Earth under attack: Cosmic impacts throughout history
- 4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon
- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.
- 50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater
- 1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.
- 1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.
- 1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.
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Rating: 2/5
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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Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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