At least 19 people were killed in a suicide attack at an education centre in Kabul where hundreds of students were preparing for university entrance exams on Friday morning.
The attack happened at the Kaj Education Centre in Dasht-e-Barchi, a mainly Hazara area in the west of the Afghan capital.
“Two suicide attackers entered the centre and killed two male and a female guard at the main gate. One of them blew himself up at the girls' section,” Mohammad Taqi, a teacher who survived the attack, told The National.
“Most of those killed are our girl students, while many male students are injured. In addition, at least one teacher is wounded.”
Kabul police said 19 people were killed and 27 others injured, but Mr Taqi and other witnesses said the number of casualties could be much higher.
Mr Taqi said there were about 500 students at the centre when the attackers struck.
“Casualties are high but we don't know the exact number,” he said.
Hospitals in the area said they were instructed by the Taliban authorities not to share information.
Taliban chief spokesman Zabihullah Mujahid said: “Necessary measures will be taken to find and punish the perpetrators of this attack”.
Security teams were sent to the scene to investigate, said Interior Ministry spokesman Abdul Nafy Takor.
Social media footage showed bloodied victims being carried away from the scene.
Ghulm Sadiq, a resident of the area, said he was at home when he heard a loud noise and went outside to see smoke rising from the centre.
“My friends and I were able to move around 15 wounded and nine dead bodies from the explosion site,” Mr Sadiq told Reuters.
“Other bodies were lying under chairs and tables inside the classroom.”
A hospital source said 23 people had been killed, while a Taliban source said 33 people had died.
Relatives of the pupils rushed to hospitals in the area, where ambulances were arriving with victims, and lists of the dead and wounded were posted on the walls.
“We didn't find her here,” a woman looking for her sister told AFP at one of the hospitals.
“She was 19 years old.
“We are calling her but she's not responding.”
The Taliban forced relatives to move away from one hospital for fear of a follow-up attack on the crowd outside.
Unicef Afghanistan said it was appalled by the attack, which was also condemned by the UN Assistance Mission in Afghanistan and the US, German and Iranian embassies.
“Violence in or around education establishments is never acceptable,” Unicef said.
No one claimed responsibility for the attack, the latest in a steady stream of violence since the Taliban seized power in Afghanistan just over a year ago.
ISIS, a rival of the Taliban, has attacked mosques and worshippers, especially members of Afghanistan’s Shiite community.
Dasht-e-Barchi has been the scene of numerous attacks in recent years.
Six people were killed at a high school in the area in April. In May last year, 85 died in a bombing at a girls' school in the area.
In May 2020, gunmen killed 24 women and children at a Medecins Sans Frontieres maternity ward in Dasht-e-Barchi.
Afghanistan’s Hazara minority are often prime targets of terror attacks and face persecution from both ISIS and the Taliban.
“We are continuously targeted at our mosques and our education centres but no one cares much about us,” Ali Reza, a resident of Dasht-e-Barchi, told The National.
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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Rohit Sharma (capt), Shikhar Dhawan, Ajinkya Rahane, Shreyas Iyer, Manish Pandey, Kedar Jadhav, Dinesh Karthik, Mahendra Singh Dhoni, Hardik Pandya, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Jasprit Bumrah, Bhuvneshwar Kumar, Siddarth Kaul