A burning oil facility near Ras Lanuf, eastern Libya, set alight as forces loyal to Muammar Qaddafi and rebels clashed.
A burning oil facility near Ras Lanuf, eastern Libya, set alight as forces loyal to Muammar Qaddafi and rebels clashed.
A burning oil facility near Ras Lanuf, eastern Libya, set alight as forces loyal to Muammar Qaddafi and rebels clashed.
A burning oil facility near Ras Lanuf, eastern Libya, set alight as forces loyal to Muammar Qaddafi and rebels clashed.

Blasts rock Libyan oil facility as fighting continues


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RAS LANUF // The Libyan government and rebels fighting against Muammar Qaddafi accused each other of blowing up oil facilities in the east of the country today.

The rebels said Colonel Gaddafi's forces had hit an oil pipeline leading to Es Sider and dropped bombs on storage tanks in the Ras Lanuf area.

Libyan state television blamed the explosion on "al Qa'eda-backed" armed elements who had blown up an oil storage tank as pro-Qaddafi forces advanced into Ras Lanuf.

A rebel official in Benghazi accused Colonel Qaddafi of playing a "dirty game" by hitting pipelines. Huge blasts rocked the Libyan rebel-held oil town of Ras Lanuf Wednesday, sending flames leaping hundreds of metres into the sky, as fighting raged with government troops.

A series of powerful explosions went off near an oil facility as forces loyal to Colonel Qaddafi rained artillery shells on rebel positions five kilometres west of the town, an AFP reporter said.

The explosions just outside Ras Lanuf erupted into fireballs and a mechanic said a pipeline had been blown up.

Ali al Aguri, an oil company mechanic who works at another plant further away from the As Sidra facility, said: "I know for sure that what they blew up was an oil pipe. I know the whole line by heart."

Every few minutes, another ball of flames shot up into the sky. A constant inferno of fierce flames could be seen at the foot of the cloud of black smoke.

From a distance, the facility appeared to be a set of low beige buildings with a water tower and a communications tower.

Soon after the blast, a Libyan warplane carried out an airstrike about a kilometre away towards the Mediterranean coast. It was not immediately known if there were any casualties or damage.

Earlier at least 20 shells fell near a rebel checkpoint west of Ras Lanuf, AFP reporters said, adding there were no immediate reports of casualties.

The rebels retaliated by firing some 40 Katyusha rockets from launchers mounted on two trucks as well as two anti-aircraft missiles, the reporters said.

One of the missiles struck a telephone relay antenna some two kilometres away, while huge clouds of black smoke could be seen about 10 kilometres further west, suggesting they had hit a more distant target.

One of the rebels marked the moment by playing a revolutionary song full blast on a loudspeaker, with lyrics which said: "We will stay here until the pain is over."

Earlier both rebels and pro-Qaddafi forces dug into defensive positions between Ras Lanuf and government-held Bin Jawad, some 30 kilometres to the west, in eastern Libya.

An AFP reporter saw some 200 rebel fighters spread out on small hills around the main coastal road.

Rebel colonel Masud Mohammed told reporters some five kilometres from Ras Lanuf: "Today, we have established defensive positions ahead of here."

"Qaddafi's forces are in Bin Jawad, they are occupying the mosque and the school," he said. "Today we are not attacking yet."

He also said there were four airstrikes by government warplanes near Bin Jawad earlier today. Several rebels were wounded, he said, but gave no further details.

The colonel said "heavy shelling" on Tuesday had pushed back the lightly-armed rebel fighters as they advanced towards Bin Jawad, which the inexperienced insurgents had entered on Sunday but failed to hold after being ambushed by pro-Kadhafi militia.

Rebels then moved the reporters back, saying it was not safe to stay.

The rebels earlier said their own forces were 20 kilometres west of Ras Lanuf, while the government troops had not moved from Bin Jawad, where a rebel spokesman said Tuesday they had dug themselves in.

At the last checkpoint a letter from Libyan Muslim scholars was read aloud through a megaphone, expressing support to the fighters, but urging them to be disciplined.

"Follow orders, obey the commanders in the field, do not make chaotic movements," the letter read.

The speaker then shouted to the rebels, "Guys, disperse."

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Brief scores

Day 1

Toss England, chose to bat

England, 1st innings 357-5 (87 overs): Root 184 not out, Moeen 61 not out, Stokes 56; Philander 3-46

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Where to apply

Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020

Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.

The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020. 

Scorline

Iraq 1-0 UAE

Iraq Hussein 28’

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.”

The specs

Price: From Dh180,000 (estimate)

Engine: 2.0-litre turbocharged and supercharged in-line four-cylinder

Transmission: Eight-speed automatic

Power: 320hp @ 5,700rpm

Torque: 400Nm @ 2,200rpm

Fuel economy, combined: 9.7L / 100km

Game Of Thrones Season Seven: A Bluffers Guide

Want to sound on message about the biggest show on television without actually watching it? Best not to get locked into the labyrinthine tales of revenge and royalty: as Isaac Hempstead Wright put it, all you really need to know from now on is that there’s going to be a huge fight between humans and the armies of undead White Walkers.

The season ended with a dragon captured by the Night King blowing apart the huge wall of ice that separates the human world from its less appealing counterpart. Not that some of the humans in Westeros have been particularly appealing, either.

Anyway, the White Walkers are now free to cause any kind of havoc they wish, and as Liam Cunningham told us: “Westeros may be zombie land after the Night King has finished.” If the various human factions don’t put aside their differences in season 8, we could be looking at The Walking Dead: The Medieval Years

 

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
Race card for Super Saturday

4pm: Al Bastakiya Listed US$250,000 (Dh918,125) (Dirt) 1,900m.

4.35pm: Mahab Al Shimaal Group 3 $200,000 (D) 1,200m.

5.10pm: Nad Al Sheba Conditions $200,000 (Turf) 1,200m.

5.45pm: Burj Nahaar Group 3 $200,000 (D) 1,600m.

6.20pm: Jebel Hatta Group 1 $300,000 (T) 1,800m.

6.55pm: Al Maktoum Challenge Round 3 Group 1 $400,000 (D) 2,000m.

7.30pm: Dubai City of Gold Group 2 $250,000 (T) 2,410m.

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The Way It Was: My Life with Frank Sinatra by Eliot Weisman and Jennifer Valoppi
Hachette Books

ESSENTIALS

The flights

Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.

The hotels

Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.

The tours

A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages. 

The Birkin bag is made by Hermès. 
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.