TRIPOLI // A Libyan commander says revolutionary forces have completely surrounded Moammar Gadhafi's hometown of Sirte and are engaged in heavy fighting on the city's streets.
Mustafa al-Rubai says fighters from eastern Libya seized control of Sirte's first residential district and a hotel where Gadhafi's snipers were based.
Al-Rubai told The Associated Press on Saturday that even though the fighters have surrounded Sirte from all sides, a path out has been left for civilians who still want to leave the coastal city.
Libyan fighters say that after weeks of fighting Gadhafi's loyalists inside Sirte, they now hold positions about 3 miles (5 kilometers) from the city center.
The Libyan defense ministry has said the fighters also seized the Sirte port, military base and airport last week.
Earlier today, Human Rights Watch called on Libya's new rulers to stop armed groups from rounding up suspected Moammar Gadhafi supporters and abusing them, saying Friday that some detainees reporting beatings and electric shocks had the scars to prove it.
The treatment of prisoners has become a litmus test for the transitional government as it tries to rein in young men who fought in the civil war that ousted Gadhafi and now refuse to lay down their weapons.
The New York-based rights group said it had visited 20 detention facilities in Tripoli and interviewed 53 inmates, including 37 Libyans and 16 sub-Saharan Africans. Five were considered "high value" because of their positions in Gadhafi's government, the report said, without elaborating.
Human Rights Watch, which said it was given unrestricted access to the detainees, said the allegations were even more troubling because Gadhafi's regime was known to torture and kill inmates in its prisons.
"After all that Libyans suffered in Moammar Gadhafi's jails, it's disheartening that some of the new authorities are subjecting detainees to arbitrary arrest and beatings today," said Joe Stork, the organization's regional director. "The NTC (National Transitional Council) owes it to the people of Libya to show that they will institute the rule of law from the start."
Libyan officials have pledged to respect human rights, but they have struggled to bring discipline to the largely untrained fighters who took up arms against Gadhafi.
The group said it was encouraged that the de facto prime minister, Mahmoud Jibril, promised to make ending prisoner abuse a priority. "Prisoner abuse of any kind is not acceptable," he was quoted as saying. "We joined the revolution to end such mistreatment, not to see it continue in any form."
The group said some of the dark-skinned Libyans and detainees from sub-Saharan Africa were even forced to do manual labor, including carrying heavy materials, cleaning and renovating buildings around Tripoli or on military bases.
Human Rights Watch blamed part of the problem on a lack of oversight and security forces operating with little experience. It gave credit to some groups, saying one apparently issued arrest warrants, conditions had improved in some facilities and some abusive guards had been arrested themselves and replaced.
But the group urged the NTC to make it a priority to bring the various neighborhood militias and security brigades under a unified command and set clear standards for their conduct.
The report was based on prison visits between Aug. 31 - nearly two weeks after revolutionary forces seized control of Tripoli after days of fierce battles with Gadhafi's supporters - and Thursday. HRW said thousands had been jailed, including women and children, and none had been brought before a judge.
Detainees who reported abuse said guards had beaten them, sometimes on a daily basis. The names of detainees and facilities were not released because of fear of reprisals against those interviewed.
A sub-Saharan African identified only as Mohammed wept as he showed Human Rights Watch welts on his arms, back and neck that he said were from beatings by guards at a small detention center.
Seven prisoners in two facilities, including women, said guards had given them electric shocks.
U.S. Sen. John McCain, a Republican from Arizona, raised the issue of prisoner abuse Thursday as he led a Republican delegation to Tripoli. In a message to Libyans, he said the world was inspired by their success in overthrowing Gadhafi but they must respect human rights.
"This can be a showcase of what the Arab Spring is all about, but if you don't watch it, you can go backward even here," he said.
The Republican delegation was one of a series of visits by foreign leaders and dignitaries as the international community rallies around Libya's new leadership, which is struggling to form a new government despite continued fighting on three fronts.
Italy's Foreign Minister Franco Frattini traveled to Tripoli on Friday. He said his country has authorization to unfreeze 2.5 billion euros ($3.4 billion) in frozen Libyan assets to help the North African nation rebuild.
Italy is sending a team of experts to discuss how to disburse the funds to best help the Libyan people.
Jibril, the prime minister, has asked the U.N. Security Council to lift some economic sanctions that had been imposed on Gadhafi's regime and allow the release of tens of billions of frozen dollars to the transitional government. Some countries have won approval to release funds on a limited basis.
"The decision is taken, authorization is there," Frattini said at a joint news conference with Jibril. "Now upon request of the Libyan friends we will be able to mobilize ... money for urgent projects."
Frattini - who was in the then-rebel eastern stronghold of Benghazi in May - also noted the Italian energy giant Eni has signed an agreement to reactivate oil and natural gas plants under Italian management and hopes to get natural gas, another mainstay of Libya's economy, flowing to Italy again through the Greenstream pipeline by October.
Naga
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Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
MATCH INFO
Newcastle United 2 (Willems 25', Shelvey 88')
Manchester City 2 (Sterling 22', De Bruyne 82')
Women’s World T20, Asia Qualifier
UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs
Standings (P, W, l, NR, points)
1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0
Final
Thailand v UAE, Monday, 7am
Islamic%20Architecture%3A%20A%20World%20History
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Persuasion
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarrie%20Cracknell%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EDakota%20Johnson%2C%20Cosmo%20Jarvis%2C%20Richard%20E%20Grant%2C%20Henry%20Golding%20and%20Nikki%20Amuka-Bird%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%201.5%2F5%3C%2Fp%3E%0A
The%20Hunger%20Games%3A%20The%20Ballad%20of%20Songbirds%20%26%20Snakes
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Profile box
Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India
The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20synchronous%20electric%20motors%20%20%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E646hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E830Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ETwo-speed%20auto%20(rear%20axle)%3B%20single-speed%20auto%20(front)%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh552%2C311%3B%20Dh660%2C408%20(as%20tested)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
Panipat
Director Ashutosh Gowariker
Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment
Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman
Rating 3 /5 stars
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.”
MATCH INFO
What: India v Afghanistan, first Test
When: Starts Thursday
Where: M Chinnaswamy Stadium, Bengalaru
How much of your income do you need to save?
The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.
In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)
Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.
DMZ facts
- The DMZ was created as a buffer after the 1950-53 Korean War.
- It runs 248 kilometers across the Korean Peninsula and is 4km wide.
- The zone is jointly overseen by the US-led United Nations Command and North Korea.
- It is littered with an estimated 2 million mines, tank traps, razor wire fences and guard posts.
- Donald Trump and Kim Jong-Un met at a building in Panmunjom, where an armistice was signed to stop the Korean War.
- Panmunjom is 52km north of the Korean capital Seoul and 147km south of Pyongyang, North Korea’s capital.
- Former US president Bill Clinton visited Panmunjom in 1993, while Ronald Reagan visited the DMZ in 1983, George W. Bush in 2002 and Barack Obama visited a nearby military camp in 2012.
- Mr Trump planned to visit in November 2017, but heavy fog that prevented his helicopter from landing.
The%20specs
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
THE SPECS
Engine: 4.4-litre V8
Transmission: Automatic
Power: 530bhp
Torque: 750Nm
Price: Dh535,000
On sale: Now
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
Russia's Muslim Heartlands
Dominic Rubin, Oxford
The biog
Favourite book: Homegoing by Yaa Gyasi
Favourite holiday destination: Spain
Favourite film: Bohemian Rhapsody
Favourite place to visit in the UAE: The beach or Satwa
Children: Stepdaughter Tyler 27, daughter Quito 22 and son Dali 19
Top%2010%20most%20competitive%20economies
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White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour