Anti-Qaddafi commanders say they've launched "final assault" on Sirte



TRIPOLI // National Transitional Council (NTC) forces battled their way into Muammar Qaddafi's hometown of Sirte yesterday in what commanders described as a final assault to wrest it from loyalists of his collapsed regime.

NTC fighters have been besieging Sirte for three weeks, facing gruelling resistance.

Yesterday's fighting was concentrated on the outskirts of the city, and it was unclear yesterday whether the battle will end anytime soon.

Much is riding on the outcome. The NTC has said that only after Sirte is captured will a new interim government be formed. A month after the fall of Sirte, the NTC says, the new government will start the process to steer Libya through elections to take place eight months later.

Well-armed loyalist fighters in Sirte have beaten back several assaults and sustained weeks of tank, artillery and rocket fire that has sent civilians streaming out of the city.

"Today we will finish it. God willing today we will capture Sirte," said Col Ahmed El Obeidi, an NTC commander east of the city, quoted by Reuters news agency.

Yesterday smoke billowed over the city as NTC tanks and artillery lobbed shells in from positions to the east.

On Thursday, Col Qaddafi branded the NTC as illegitimate and urged Libyans to stage an uprising via a recorded message broadcast on Syria's Rai TV.

"Be courageous, rise up, go out in the streets," he said in the message, which could not be verified but appeared to be Col Qaddafi's voice. "Raise the green flag in the skies."

Yesterday and the night before, fighting accelerated in Sirte as NTC fighters began their assault. Sometime after midnight doctors at a field hospital east of the city heard an explosion that Col Obeidi said occurred when his forces hit a loyalist weapons storage facility.

Fierce fighting broke out near the Ouagadougou conference centre, a beloved venue of Col Qaddafi on the western edge of Sirte that had become the main stronghold of loyalist forces, according to Agence France-Presse.

"They're shooting from everywhere. RPGs and lots of bullets," said Barak Abu Hajar, an NTC fighter who evacuated a wounded comrade from the conference centre. "We were told this was the final assault. Inshallah we'll take Sirte today."

Inside the city, conditions have plummeted, with electricity and communications cut off amid shortages of food, water and medical supplies. Fleeing residents cited by news agencies describe a ghost town.

"We didn't know there was going to be an assault," said Saeed Ramadan, passing through an NTC checkpoint east of Sirte in a shrapnel-scarred vehicle, quoted by Reuters. "I couldn't sleep last night, there was very heavy shelling. I was afraid for my kids and had to get them out."

International aid agencies have struggled to resupply Sirte's overwhelmed hospitals, with several forays by Doctors Without Borders and the International Committee of the Red Cross (ICRC) cut short by heavy fighting.

On Thursday an ICRC team reached Ibn Sina Hospital after receiving assurances of safe passage from both NTC and loyalist forces, reported the Associated Press, citing ICRC spokeswomen Dibeh Fakhr.

"Only three doctors are remaining inside - one anaesthetist, one surgeon and one orthopaedist - and some medical students are trying to help the situation," Mrs Fakhr said.

With hospital wards exposed to shelling and gunfire, patients were being treated in the corridors, according to Mrs Fakhr. The ICRC team evacuated three seriously injured people including a nine-year-old girl, she said.

Meanwhile, hundreds of wounded fighters were rushed to field hospitals set up several kilometres to Sirte's east and west, where NTC forces have massed.

Doctors cited by the Associated Press said a senior NTC commander, Ali Saeh of the Free Libya Brigade, was injured, shot twice by a sniper.

By early afternoon yesterday at least nine bodies were brought to a makeshift hospital in a villa west of Sirte, reported Agence France-Press. Medics had recorded at least 115 wounded, with the toll expected to rise.

A trail of blood led up the steps of the villa. Inside, a man lit incense sticks in the treatment area and bodies were laid out in a room at the back.

Outside, a young stood named Hakim Majook stood weeping over one of the bodies, a 20-year-old neighbour from their home city of Misurata.

"We're trying to make sure he gets to his family quickly. Then we will go back to the fight," Mr Majook told AFP. "He's not the first friend I've lost. But the men who die will go to heaven."

The men who survive will perhaps remain in Sirte while others return to their home cities. Some may proceed to Bani Walid, where a rebel commander cited by AFP said that a new offensive is planned to oust loyalist fighters there.

The capture of Sirte would make Bani Walid, where Col Qaddafi's son Saif Al Islam is rumoured to be hiding, the last major loyalist stronghold

NTC reinforcements were sent to Bani Walid on Thursday, said Mussa Ali Yunes, commander of the Jado Brigade from the western Nafusa Mountains region.

As in Sirte, those fighters will be up against heavy loyalist firepower, said Commander Yunes. "The offensive could, possibly, be launched in two days, but that depends."

jthorne@thenational.ae

With additional reporting by Agence France-Presse and the Associated Press

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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.”

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The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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Other ways to buy used products in the UAE

UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.

Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.

Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.

For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.

Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.

At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.

Can NRIs vote in the election?

Indians residing overseas cannot cast their ballot abroad

Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency

There are about 3.1 million NRIs living overseas

Indians have urged political parties to extend the right to vote to citizens residing overseas

A committee of the Election Commission of India approved of proxy voting for non-resident Indians

Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.

This option is currently available for the armed forces, police and government officials posted outside India

A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians

However, this did not come before the upper house or Rajya Sabha and has lapsed

The issue of NRI voting draws a huge amount of interest in India and overseas

Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online

The Election Commission of India then clarified that NRIs could not vote online

The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
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At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances