Shiites from the Afghan village of Mirzawalang sit on the top of a vehicle after being released by militants in the northern province of Sar-e Pul on August 9, 2017. AFP
Shiites from the Afghan village of Mirzawalang sit on the top of a vehicle after being released by militants in the northern province of Sar-e Pul on August 9, 2017. AFP

Afghan families recount horrifying Taliban and ISIL massacre



Taliban and ISIL fighters unleashed a killing spree targeting civilians after capturing a remote village in northern Afghanistan, traumatised families said on Wednesday after being released by the insurgents.

The militants killed about 50 villagers, including women and children in Mirzawalang — a mainly Shiite village in the Sayad district of northern Sar-e Pul province — on Saturday after overrunning a government-backed militia, said officials.

The insurgents also took a number of residents captive, but released 235 hostages late on Tuesday after elders and provincial officials struck a deal with the group.

Survivors fleeing the violence described nightmarish scenes, detailing how the militants went from house to house, shooting villagers.

"When the fighting began, the villagers tried to flee, but they were stopped by IS fighters. They took a group of men, women and children behind a hill and shot them," said Ali Dad Zafari, a Mirzawalang resident.

"Since my mother was too old to walk, she was left behind, I don't even know what has happened to her," he added.

Read more: Afghanistan attack leaves dozens dead

Villager Yasin Abuzar said ISIL and Taliban fighters cut off the main roads to the area before launching a killing spree.

"I could only rescue my kids. When they entered our village they opened fire at everyone indiscriminately, they didn't even spare women and children," he said, adding that hundreds were still missing.

"I buried 10 bodies in one grave. We don't want the government to give us coffins, we want them to provide us security," he said.

Local officials called for more aid as hundreds of displaced arrived in the provincial capital.

"The families who have come to Sar-e Pul city need shelters and food. They are living in the mosques, schools, with their relatives and some even on the streets," said Zabiullah Amani, a provincial spokesman.

"If aid agencies don't help we will face a humanitarian crisis," he added.

The villagers said most of those killed were Shiites and Hazaras who were either shot or beheaded.

ISIL has forced a sectarian twist to the Afghan conflict, with a number of deadly attacks on Shiites in the past year.

Last week, two suicide bombers killed more than 33 worshippers at a mosque in Afghanistan's western city of Herat, in an attack claimed by the group.

A resurgent Taliban, whose ranks are mostly made up of Sunni ethnic Pashtuns, is at the peak of its summer fighting season.

The Taliban confirmed capturing Mirzawalang but said it did so alone. It has also denied allegations it killed civilians.

Army spokesman Nasratullah Jamshidi said Afghan forces launched an operation on Wednesday to retake the district.

"We will avenge the blood of our innocent people," said the provincial governor Mohammad Zahir Wahdat.

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Number of employees: 4
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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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Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
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