ISIS and Al Qaeda terrorist groups in West Africa are plotting atrocities in Europe, according to a stark warning from the head of France’s foreign security services on the growing threat from the region.
Bernard Emie, head of the Directorate General for External Security (DGSE), warned of the ISIS threat from Mali and released a covert video recording of an Al Qaeda chief allegedly plotting expansion across West Africa.
“From Mali, the terrorists have worked on attacks against us, against our partners and they are thinking about attacks in the region and in Europe,” said Mr Emie. He stressed that Al Qaeda in the Sahel region had a more “internationalist” agenda and was promoting global attacks.
Hours after the warning, heavily armed terrorists, some reported to be in armoured vehicles, attacked a government outpost in Mali, killing nine soldiers in the dawn raid.
With 5,000 troops stationed in Mali, France is targeting two main extremist organisations in the Sahel region of West Africa, ISIS and the local branch of Al Qaeda.
Mr Emie, speaking at the Orleans-Bricy airbase south of Paris, described the ISIS extremist leader Adnan Al-Sahraoui as a man involved in "savagery" with a "bloodthirsty" temperament.
But he said the Al Qaeda group presented the greater threat because it had bigger contingent of foreign fighters in its ranks. "There is a stranglehold of foreign fighters in the Sahelian [conflict] where most of the fighters are not Malians".
He said the terrorist group was also attempting to "prevent the peace and reconciliation process in Mali launched in 2015".
He designated Iyad Ag-Ghali, the head of Al Qaeda in the Sahel, as France’s new enemy number one, describing him as one of the "spiritual sons of Osama bin Laden".
"He tries to appear as more presentable by hiding among the population while forcibly enlisting young unemployed. This is not someone who thinks about terrorism, this is someone who practices it on a daily basis. He does not hesitate to take up arms himself and have innocent people executed.”
The security chief showed the covert video recording of a strategy meeting that took place between terrorist chiefs in February last year, in which Ag-Ghali called for a “series of large-scale attacks against military bases”.
Mr Emie believes the local Al Qaeda chiefs are planning to expand their terrorist operations further across West Africa into the Gulf of Guinea. "These countries are now targets too. To spread southwards, the terrorists are already financing men who are entering Ivory Coast or Benin on the borders of Nigeria, Niger and Chad".
He also highlighted concerns about the growing terrorist threats in East Africa, Yemen and Libya, "in the shadow of the borders" of Europe.
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Sightline from 2020: France's battle with extremism in the Sahel
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Mr Emie said ISIS continued to "to train and fight" in Syria and Iraq, with "plans for an attack".
France is battling behind the scenes at the UN for designation of the G5 Sahel counter-terrorism coalition to be brought within funding structures for peacekeeping.
A veteran ambassador and diplomatic envoy, Mr Emie has been the French foreign intelligence boss since 2017. At his rare public intervention, he was joined by Florence Parly, the French Defence Minister, who believes there had been a "transformation of terrorism" over the past year in which fanatics had "moved upmarket" into the new battlefield of cyber and information warfare.
France, the worst-hit European country from ISIS-inspired terrorist attacks, is expected to be on even higher alert for extremist assaults.
Killing of Qassem Suleimani
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
EA Sports FC 24
MATCH INFO
Barcelona v Real Madrid, 11pm UAE
Match is on BeIN Sports
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Four-day collections of TOH
Day Indian Rs (Dh)
Thursday 500.75 million (25.23m)
Friday 280.25m (14.12m)
Saturday 220.75m (11.21m)
Sunday 170.25m (8.58m)
Total 1.19bn (59.15m)
(Figures in millions, approximate)
COMPANY%20PROFILE
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COMPANY%20PROFILE
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THE SPECS
2020 Toyota Corolla Hybrid LE
Engine: 1.8 litre combined with 16-volt electric motors
Transmission: Automatic with manual shifting mode
Power: 121hp
Torque: 142Nm
Price: Dh95,900
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
Jaguar F-Pace SVR
Engine: 5-litre supercharged V8
Transmission: 8-speed automatic
Power: 542bhp
Torque: 680Nm
Price: Dh465,071
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The biog
Name: Shamsa Hassan Safar
Nationality: Emirati
Education: Degree in emergency medical services at Higher Colleges of Technology
Favourite book: Between two hearts- Arabic novels
Favourite music: Mohammed Abdu and modern Arabic songs
Favourite way to spend time off: Family visits and spending time with friends
The%20specs
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.