• A wounded Afghan man receives hospital treatment after being injured in a bomb blast at a Shiite mosque in Mazar-i-Sharif, Afghanistan. AFP
    A wounded Afghan man receives hospital treatment after being injured in a bomb blast at a Shiite mosque in Mazar-i-Sharif, Afghanistan. AFP
  • The blast killed or wounded at least 20 people, according to a local Taliban commander. AFP
    The blast killed or wounded at least 20 people, according to a local Taliban commander. AFP
  • The aftermath of the blast inside the mosque. EPA
    The aftermath of the blast inside the mosque. EPA
  • A resident of Mazar-i-Sharif said she was shopping with her sister in a nearby market when she heard a large explosion and saw smoke rising from the area around the mosque. EPA
    A resident of Mazar-i-Sharif said she was shopping with her sister in a nearby market when she heard a large explosion and saw smoke rising from the area around the mosque. EPA
  • A wounded Afghan man receives hospital treatment after the blast. AFP
    A wounded Afghan man receives hospital treatment after the blast. AFP
  • The mosque after the bomb blast in Mazar-i-Sharif. AFP
    The mosque after the bomb blast in Mazar-i-Sharif. AFP
  • The Shiite community, a religious minority in Afghanistan, is frequently targeted by militant groups, including ISIS. EPA
    The Shiite community, a religious minority in Afghanistan, is frequently targeted by militant groups, including ISIS. EPA

ISIS claims deadly Afghanistan explosion at Mazar-i-Sharif mosque


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An explosion at a Shiite mosque in the northern Afghan city of Mazar-i-Sharif on Thursday killed or wounded at least 20 people, a local Taliban commander said.

"A blast happened in 2nd district inside a Shiite mosque, more than 20 killed and injured," Mohammad Asif Wazeri, the spokesman for the Taliban commander in Mazar-i-Sharif, told Reuters.

The blast took place at a Shiite mosque, Zabihullah Noorani, the head of the Balkh province information department, told the Associated Press.

Extremist group ISIS claimed responsibility for Thursday's attack, according to a statement on the group's Telegram channel, Reuters reported.

"Blood and fear are everywhere," Ahmad Zia Zindani, spokesman for the Balkh provincial public health department, told AFP. He said "people were screaming" while seeking news of their relatives at the hospital.

He said 12 people were killed in the blast and 58 wounded, including 32 in serious condition.

"Relatives of victims were arriving at city hospitals looking for their near and dear ones. Many residents were also coming to donate blood," Mr Zindani said.

In another attack on Thursday, a roadside bomb wounded at least two children in the Afghanistan capital Kabul, police said.

Police spokesman Khalid Zadran said in a tweet that the explosives went off in a road in a mostly Shiite neighbourhood in the western part of the city. Several explosions rocked educational institutions in the same area two days earlier, killing at least six people, mostly children, and wounding 17 others.

No one immediately claimed responsibility for Thursday’s explosion in Kabul.

The Shiite community, a religious minority in Afghanistan, is frequently the target of militant groups including ISIS.

Taliban officials insist their forces have defeated the group but analysts say ISIS terrorists remain a key security challenge.

Since seizing power, the Taliban have regularly raided suspected ISIS hideouts in the eastern Nangarhar province.

A resident of Mazar-i-Sharif said she was shopping with her sister at a nearby market when she heard a loud explosion and saw smoke rising from the area around the mosque.

"The glass of the shops was broken and it was very crowded and everyone started to run," said the woman, who declined to be named.

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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JAPAN SQUAD

Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa

Key developments

All times UTC 4

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.

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

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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.”

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

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House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

Updated: April 22, 2022, 5:09 AM