Five-year-old Haider dies after three days trapped in Afghanistan well


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A five-year-old boy trapped for three days down a remote Afghan village well has died, Taliban officials said on Friday.

The child, named Haider, slipped on Tuesday to the bottom of a well-being dug in Shokak, a parched village in Zabul province, around 400 kilometres south-west of the capital Kabul.

“With great sorrow, young Haider is separated from us forever,” said Taliban interior ministry senior adviser Anas Haqqani, in a tweet echoed by several of his colleagues.

Rescuers worked through the night to try to reach the boy trapped for three days, but an official said on Friday that a large rock was blocking their final access to the shaft.

The boy's grandfather, Haji Abdul Hadi, 50, said Haidar fell down the well when he was trying to help the adults dig a new borehole in the drought-hit village.

Officials said the boy slipped to the bottom of the 25-metre shaft, but was pulled by rope to about 10 metres before becoming stuck.

Afghan people gather as rescuers try to reach and rescue a boy trapped down a well in a remote southern Afghan village of Shokak, in Zabul province, about 120km from Kandahar. AFP
Afghan people gather as rescuers try to reach and rescue a boy trapped down a well in a remote southern Afghan village of Shokak, in Zabul province, about 120km from Kandahar. AFP

Senior officials from the Taliban's newly installed government were overseeing rescue operations in Shokak, watched by hundreds of villagers.

Taliban officials were posting videos of the rescue operation to show how the new regime, widely criticised for rights abuses, would spare nothing to care for citizens.

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THREE
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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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The woman recorded a positive pregnancy test two weeks later. 

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  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
Key features of new policy

Pupils to learn coding and other vocational skills from Grade 6

Exams to test critical thinking and application of knowledge

A new National Assessment Centre, PARAKH (Performance, Assessment, Review and Analysis for Holistic Development) will form the standard for schools

Schools to implement online system to encouraging transparency and accountability

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TO A LAND UNKNOWN

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Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

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Mainz 0

RB Leipzig 5 (Werner 11', 48', 75', Poulsen 23', Sabitzer 36')

Man of the Match: Timo Werner (RB Leipzig)

Updated: February 18, 2022, 10:23 AM