Ethiopia PM Abiy Ahmed gives Tigray forces 72 hours to surrender regional capital


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Ethiopian Prime Minister Abiy Ahmed gave Tigrayan regional forces 72 hours to surrender before the military begins an offensive on the regional capital of Mekelle.

"We urge you to surrender peacefully within 72 hours, recognising that you are at the point of no return," Mr Abiy said on Twitter on Sunday evening.

Tigrayan forces could not immediately be reached for comment.

An Ethiopian military spokesman said earlier that advancing troops planned to surround Mekelle with tanks and may shell the city to force surrender.

The Tigray People's Liberation Front, which is refusing to surrender its rule of the northern region, said its forces were digging trenches and standing firm.

Claims by both sides are hard to verify because phone and internet communication has been down.

Mr Abiy's federal troops have taken a string of towns during aerial bombardments and ground fighting, and are now aiming for Mekelle, a highland city of about 500,000 people, where the rebels are based.

Ethiopian refugees who fled the fighting in the Tigray region ride in the back of an agricultural three-wheel vehicle to a reception center in the Hamdayit area of Sudan's eastern Kassala state, on November 22, 2020. AFP
Ethiopian refugees who fled the fighting in the Tigray region ride in the back of an agricultural three-wheel vehicle to a reception center in the Hamdayit area of Sudan's eastern Kassala state, on November 22, 2020. AFP

The conflict erupted on November 4 and has killed hundreds, possibly thousands, and has sent more than 30,000 refugees feeling into neighbouring Sudan.

Rockets have been fired by rebels into neighbouring Amhara region and across the border into Eritrea.

Mr Abiy said "all the necessary precautionary measures have been taken to ensure that civilians are not harmed".

"All that the clique is left with is the fort that they have set up in Mekelle and empty pride," he said.

Mr Abiy said the people of Tigray had had enough of rebel violence against them, and appealed to the people of Mekelle to stand with the federal troops in "bringing this treasonous group" to justice.

He accuses Tigrayan leaders of revolting against the central authority and starting the conflict by attacking federal troops in the town of Dansha on November 4.

The rebels say his government has marginalised Tigrayans since taking office two years ago, removing them from senior roles in government and the military, and detaining many on rights abuse and corruption charges.

"The next phases are the decisive part of the operation, which is to encircle Mekelle using tanks," military spokesman Col Dejene Tsegaye told the state-run Ethiopia Broadcasting Corporation earlier on Sunday.

Col Dejene said the TPLF leadership was "shielding itself within the public".

"We want to send a message to the public in Mekelle to save yourselves from any artillery attacks and free yourselves from the junta," he said.

Rebel leader Debretsion Gebremichael said his forces were resisting a push from the south while also fighting near the northern town of Adigrat after it fell to federal troops.

"Encircling Mekelle is their plan but yet they couldn't," Mr Gebremichael said.

"On south front, they couldn't move an inch for more than one week. They are sending waves after waves but to no avail."

Mr Abiy drew plaudits for opening up Ethiopia's closed economy and repressive political system after taking office in 2018.

He won a Nobel Peace Prize last year for ending a two-decade standoff with Eritrea.

The awarding committee in Oslo last week made a rare foray into the activities of laureates by urging peace in Tigray.

Redwan Hussein, spokesman for the government's taskforce on Tigray, said there was still time for rebel leaders to surrender.

"The government will take maximum restraint not to cause major risks for civilians," Mr Hussein said.

He said that while many Tigrayan special forces and militiamen had surrendered or scattered around Adigrat, resistance was stronger on the southern front where rebels have dug up and booby-trapped roads, and destroyed bridges.

The taskforce added that the army had also taken the small town of Idaga Hamus on the road from Adigrat to Mekelle.

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.”

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

When Umm Kulthum performed in Abu Dhabi

  

 

 

 

Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.

 
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