Qatar’s deputy prime minister visits Afghanistan as Taliban mark start of rule


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Qatar’s deputy prime minister paid a short visit to Afghanistan on Sunday.

Sheikh Mohammed bin Abdulrahman Al Thani met senior officials of the new Afghan regime, a Taliban official said on Twitter.

The group released pictures of Sheikh Mohammed, who is also Qatar’s foreign minister, meeting new Prime Minister Mohammad Hassan Akhund.

Photographs of him with former Afghan president Hamid Karzai were circulated on social media.

Qatar has long sought to mediate on Afghanistan, hosting the Taliban’s talks with Washington under former president Donald Trump in its capital, Doha, and then with the now deposed Afghan government of president Ashraf Ghani.

It is also supporting tens of thousands of Afghans who were flown out in the final weeks of the US-led occupation who are waiting for permission to travel on to other nations.

No country has yet formally recognised the new Taliban government.

Qatari Foreign Minister Mohammed bin Abdulrahman Al Thani (centre) gets into a car after landing in Kabul. AFP
Qatari Foreign Minister Mohammed bin Abdulrahman Al Thani (centre) gets into a car after landing in Kabul. AFP

On Saturday, French Foreign Minister Jean-Yves Le Drian said the Taliban were dishonest and that Paris would not have any relationship with their newly formed government.

“They said they would let some foreigners and Afghans leave freely and [talked] of an inclusive and representative government, but they are lying,” he said on France 5 TV.

“France refuses to recognise or have any type of relationship with this government. We want actions from the Taliban and they will need some economic breathing space and international relations. It’s up to them.”

Paris has flown out about 3,000 people and had held technical talks with the Taliban to enable those departures.

Mr Le Drian, who is heading to Doha on Sunday to discuss future evacuations, said a few French citizens and several hundred Afghans with ties to France remained in Afghanistan.

Greece moves to block migration surge

On Sunday, Greek Prime Minister Kyriakos Mitsotakis said his country would try to block a potential wave of Afghan refugees fleeing Taliban rule.

He called for more EU help to tackle immigration from outside the bloc.

The Taliban’s rapid takeover of Afghanistan has sparked fears of a repeat of the migration crisis of 2015, when about a million people, predominantly Syrians, Iraqis and Afghans, fled to the EU by crossing to Greece from Turkey. Since then, the bloc has fought over entry and resettlement rules, and has yet to agree a new migration pact.

“I will say it again: we cannot have European countries who believe that Greece should resolve this problem alone, and that it does not concern them at all because they can keep their borders tightly and hermetically shut,” Mr Mitsotakis said during a news conference.

Taliban flag flies over the Afghan presidential palace

The Taliban raised their flag over the Afghan presidential palace on Saturday, a spokesman said, as the US marked the 20th anniversary of 9/11.

The white banner, emblazoned with a Quranic verse, was hoisted by Mr Akhund in a low-key ceremony, said Ahmadullah Muttaqi, multimedia branch chief of the Taliban’s cultural commission.

The flag raising marked the official start of the work of the new government, he said.

The Taliban’s interim government was unveiled late on Tuesday. Its composition, filled with the group’s top officials who led the 20-year war against the US-led international coalition, shocked the international community.

The all-male, all-Taliban government vowed to uphold power from a more moderate form of Islamist rule than when they were last in power, from 1996 to 2001.

In a post on Twitter, Afghanistan’s first post-Taliban president, Hamid Karzai, called for “peace and stability”.

He expressed the hope that the new caretaker Cabinet would become an “inclusive government that can be the real face of the whole Afghanistan”.

The Taliban victory has revived Al Qaeda, raising the spectre it will once again become the most feared terrorist group in the world, analysts have said.

Twenty years on from the 9/11 attacks, the extremists are attracting a flock of recruits who are flooding into Afghanistan after the retreat of America and its allies.

UAE currency: the story behind the money in your pockets
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  • Premier League-standard football pitch
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  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
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Starring: Mirfat Amin, Boumi Fouad and Tariq Al Ibyari

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

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The Matrix Resurrections

Director: Lana Wachowski

Stars:  Keanu Reeves, Carrie-Anne Moss, Jessica Henwick 

Rating:****

The years Ramadan fell in May

1987

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Started: established in 2016 and launched in July 2017
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Stage: series D 
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India

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Co-founders: Elie Habib, Eddy Maroun
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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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- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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5.30pm: Handicap (PA) Dh90,000 1,400m​​​​​​​
Winner: AF Momtaz, Antonio Fresu, Musabah Al Muhairi.

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Winner: Yaalail, Fernando Jara, Ali Rashid Al Raihe.

6.30pm: Abu Dhabi Championship Listed (PA) Dh180,000 1,600m​​​​​​​
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7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,600m​​​​​​​
Winner: Dahess D’Arabie, Fernando Jara, Helal Al Alawi.

7.30pm: Maiden (PA) Dh80,000 2.200m
​​​​​​​Winner: Ezz Al Rawasi, Connor Beasley, Helal Al Alawi.

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Updated: September 12, 2021, 6:00 PM