KABUL // Afghan presidential candidate Abdullah Abdullah yesterday defiantly claimed victory in the election, despite preliminary results showing his opponent won more votes.
Meanwhile, violence escalated around the country, with a suicide bomber striking Afghan and foreign forces near a clinic in eastern Parwan province, killing at least 16 people, including four Czech soldiers.
Mr Abdullah said he had received calls from US president Barack Obama and secretary of state John Kerry, and was told Mr Kerry would fly toKabul on Friday to try to help defuse the crisis.
He told his supporters that the results of the election were fraudulent, but asked them to give him a few more days to negotiate.
“We denounce and do not accept the results of the fraudulent vote,” Mr Abdullah said. “I assure you people of Afghanistan that I will sacrifice for you, but I will never accept a fraudulent government.
“We announce that only the government elected through clean votes will come to power.”
The Afghan Independent Election Commission released preliminary election results on Monday showing the former finance minister Ashraf Ghani was well in the lead for the presidency.
But it said no winner could be declared because millions of ballots were being audited for fraud.
Preliminary results from the June 14 run-off vote showed Mr Ghani had about 4.5 million votes, or 56 per cent, while Mr Abdullah had 3.5 million votes, or 44 per cent. Turnout was more than 50 per cent.
That was a sharp turnaround from the first round of voting on April 5 when Mr Abdullah won the most votes, with 46 per cent to Mr Ghani’s 31.6, but failed to get the majority needed to avoid a run-off vote.
Mr Abdullah has refused to accept any results from the second round until all fraudulent ballots are invalidated.
Mr Ghani, also a former World Bank official educated in the US, said he also had spoken to Mr Kerry.
“We welcome him coming here, but the real responsibility is up to us and we are hopeful that we will fulfil all our responsibilities,” he said.
“We are prepared to engage in political discussion to make sure that we move to ensure the legitimacy of the process, its fairness and the acceptance of its results.”
He also rejected the idea of parallel governments, which has been raised by some supporters of Mr Abdullah.
“Talk of parallel governments will remain in the level of talk, because the historic responsibility that his excellency Dr Abdullah and I as people who have submitted ourselves to the will of the people of Afghanistan have is to ensure the stability of this country and the legitimacy of the regime to which we have devoted our lives.”
The election commission acknowledged that vote rigging had occurred and said ballots from about 7,000 more of the nearly 23,000 polling stations would be audited.
Mr Abdullah said departing president Hamid Karzai, Mr Ghani and the election commission were colluding against him.
“They ignored us and announced the fraudulent results,” he said.
There were fears that Mr Abdullah could ignore the result and declare victory, something he hinted at during his speech.
“People across the country call on us to announce our government and I can’t say no to people’s wish,” he said. “We don’t want civil war, we don’t want crisis. All of our lives we defended this country.
“We do not want crisis, we want national unity. We are the winner of the election without any doubt.”
Mr Kerry said any action to seize power illegally in Afghanistan would lead to the end of US financial and security support.
He said suggestions of a “parallel government” in Afghanistan were a grave concern and added that he expected Afghan electoral institutions to conduct a full review of all reasonable allegations.
Mr Kerry said there was no justification for violence or threats of illegal action.
“Any action to take power by extra-legal means will cost Afghanistan the financial and security support of the United States and the international community,” he said.
Mr Abdullah said Mr Obama had called him to promise help “in cleaning up votes”.
Meanwhile, the Czech ministry of defence confirmed four Czech troops were killed and another was badly wounded by yesterday’s blast.
At least 10 civilians and two police officers also were killed in the attack near the provincial capital of Charakar, local government spokesman Wahid Sediqqi said.
The Taliban claimed responsibility for the attack.
Also yesterday, the Philippines urged 4,000 workers in Afghanistan to leave the country during the election stand-off.
* Associated Press and Agence France-Presse
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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.”
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
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What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
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Killing of Qassem Suleimani
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
ACL Elite (West) - fixtures
Monday, Sept 30
Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)
Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)
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