Russia has concentrated an estimated 100,000 troops with tanks and other heavy weapons on the Crimean border near Ukraine in what the West fears could be a prelude to an invasion. AP
Russia has concentrated an estimated 100,000 troops with tanks and other heavy weapons on the Crimean border near Ukraine in what the West fears could be a prelude to an invasion. AP
Russia has concentrated an estimated 100,000 troops with tanks and other heavy weapons on the Crimean border near Ukraine in what the West fears could be a prelude to an invasion. AP
Russia has concentrated an estimated 100,000 troops with tanks and other heavy weapons on the Crimean border near Ukraine in what the West fears could be a prelude to an invasion. AP

Russia moves more troops to Belarus amid Ukraine tensions


Soraya Ebrahimi
  • English
  • Arabic

Russia is sending an unspecified number of troops from the country’s far east to Belarus for major war games, officials said on Tuesday, a deployment that will further beef up Russian military presence near Ukraine amid western fears of a planned invasion.

With tensions soaring, the White House said Russia could attack its neighbour at “any point,” while the UK delivered a batch of anti-tank weapons to Ukraine.

Alexander Fomin, Russia’s deputy defence minister, said the joint drills with Belarus would involve practising a joint response to external threats.

Ukrainian officials said Russia could launch an attack on Ukraine from several directions, including from its ally Belarus.

The US again stressed its concern on Tuesday, with White House press secretary Jen Psaki describing the Russian forces’ move into Belarus as part of an “extremely dangerous situation”.

“We’re now at a stage where Russia could at any point launch an attack in Ukraine,” Ms Psaki said.

A series of talks last week between Russia, the US and Nato failed to quell the tensions over Ukraine.

US Secretary of State Antony Blinken will meet his Russian counterpart Sergey Lavrov in Geneva on Friday in another attempt to defuse the crisis.

Ukraine’s Defence Ministry said on Tuesday it has received a shipment of anti-tank weapons from the UK, noting they will help “strengthen our defence capability”.

Mr Fomin said it would take until February 9 to fully deploy weapons and personnel for the Allied Resolve 2022 drills, which are expected to take place from February 10 to 20.

Mr Fomin didn’t say how many troops will be involved, but mentioned Russia will deploy a dozen Su-35 fighter jets and several air defence units to Belarus.

The deployment would bolster an estimated 100,000 Russian troops, who are already amassed near Ukraine, with tanks and other heavy weapons.

Russia denied it intends to attack its neighbour but demanded guarantees from the West that Nato will not expand to Ukraine or other former Soviet nations or place its troops and weapons there.

Washington and its allies firmly rejected Moscow’s demands during Russia-US negotiations in Geneva and a related Nato-Russia meeting in Brussels last week.

Mr Fomin said the drills in Belarus, which involve an unspecified number of troops from Russia’s Eastern Military District, reflect the need to concentrate the country’s entire military potential in the West.

“A situation may arise when forces and means of the regional group of forces will be insufficient to ensure reliable security of the union state, and we must be ready to strengthen it,” Mr Fomin said at a meeting with foreign military attaches.

“We have reached an understanding with Belarus that it’s necessary to engage the entire military potential for joint defence.”

Belarusian President Alexander Lukashenko said the joint manoeuvres will be conducted on Belarus’s western border and in the country’s south, where it borders Ukraine.

Mr Lukashenko, who has edged increasingly close to Russia amid western sanctions over his government’s crackdown on domestic protests, has recently offered to host Russian nuclear weapons.

A senior Biden administration official said the Russian troop deployment to Belarus raises concerns that Moscow may be planning to stage troops there to stretch Ukraine’s defences with an attack from the north.

The official, who spoke on condition of anonymity to discuss sensitive issues, noted the movement may also indicate Belarus’ willingness “to allow both Russian conventional and nuclear forces to be stationed on its territory”.

Amid the tensions, Ukraine’s Defence Ministry said it was speeding up efforts to form reserve battalions that would allow for the rapid deployment of 130,000 recruits to expand the country’s 246,000-strong military.

The US and its allies have urged Russia to de-escalate the situation by calling back the troops amassed near Ukraine.

“In recent weeks, more than 100,000 Russian troops with tanks and guns have gathered near Ukraine without an understandable reason, and it’s hard not to understand that as a threat,” German Foreign Minister Annalena Baerbock told reporters on Tuesday after talks in Moscow with Mr Lavrov.

Mr Lavrov responded by restating Moscow’s argument that it’s free to deploy its forces wherever it considers it necessary on its territory.

“We can’t accept demands about our armed forces on our own territory,” Mr Lavrov said.

“We aren’t threatening anyone, but we are hearing threats to us.”

Ms Baerbock emphasised that the West was ready “for a serious dialogue on mutual agreements and steps to bring everyone in Europe more security”.

Nato Secretary General Jens Stoltenberg met with German Chancellor Olaf Scholz in Berlin on Tuesday.

He said “the main task now is to make progress on the political way forward” to prevent a military attack against Ukraine.

Nato allies are ready to meet with Russia again, and today I have invited Russia and all the Nato allies to attend a series of meetings in the Nato-Russia Council in the near future to address our concerns but also listen to Russia’s concerns,” Mr Stoltenberg said.

He added that Nato “in the near future” will deliver its written proposals in response to Russian demands and “hopefully we can begin meeting after that”.

“We need to see what Russia says, and that will be a kind of pivotal moment,” the Nato chief said.

Mr Lavrov, meanwhile, reaffirmed that Russia wants a quick western answer to its demand for security guarantees that would preclude Nato’s expansion to Ukraine and limit its presence in Eastern Europe.

He repeated that in a phone conversation with Mr Blinken, who will visit Ukraine on Wednesday.

Speaking on a visit Tuesday to Ukraine, Canadian Foreign Minister Mélanie Joly denounced the Russian troop buildup as unacceptable.

She noted Canada’s efforts to help train Ukraine’s military, adding that it’s currently considering Ukraine’s demand to provide it with military equipment and will make “a decision in a timely manner”.

Russia annexed the Crimean Peninsula from Ukraine in 2014 after the ouster of Ukraine’s Moscow-friendly leader and also threw its weight behind a separatist insurgency that took over large sections in eastern Ukraine.

More than 14,000 people have been killed in nearly eight years of fighting there.

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5 of the most-popular Airbnb locations in Dubai

Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:

• Dubai Marina

The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.

Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739 
Two bedroom: Dh627 to Dh960 
Three bedroom: Dh721 to Dh1,104

• Downtown

Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure.  “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."

Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154

• City Walk

The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena.  “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”

Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809 
Two bedroom: Dh682 to Dh1,052 
Three bedroom: Dh784 to Dh1,210 

• Jumeirah Lake Towers

Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.

Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629 
Two bedroom: Dh549 to Dh818 
Three bedroom: Dh631 to Dh941

• Palm Jumeirah

Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.

Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770 
Two bedroom: Dh654 to Dh1,002 
Three bedroom: Dh752 to Dh1,152 

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18

This is how many recognised sects Lebanon is home to, along with about four million citizens

450,000

More than this many Palestinian refugees are registered with UNRWA in Lebanon, with about 45 per cent of them living in the country’s 12 refugee camps

1.5 million

There are just under 1 million Syrian refugees registered with the UN, although the government puts the figure upwards of 1.5m

73

The percentage of stateless people in Lebanon, who are not of Palestinian origin, born to a Lebanese mother, according to a 2012-2013 study by human rights organisation Frontiers Ruwad Association

18,000

The number of marriages recorded between Lebanese women and foreigners between the years 1995 and 2008, according to a 2009 study backed by the UN Development Programme

77,400

The number of people believed to be affected by the current nationality law, according to the 2009 UN study

4,926

This is how many Lebanese-Palestinian households there were in Lebanon in 2016, according to a census by the Lebanese-Palestinian dialogue committee

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UAE currency: the story behind the money in your pockets

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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