Bangladeshi army officers mourn carrying the coffin of a dead officer during a mass funeral in Dhaka.
Bangladeshi army officers mourn carrying the coffin of a dead officer during a mass funeral in Dhaka.

Bangladesh questions the causes of the mutiny



NEW DELHI // Barely two months after democracy returned to Bangladesh following a prolonged period of political instability, the country faces another crisis after its border security guards mutinied and went on a killing spree in their headquarters in Dhaka. Border guards from the Bangladesh Rifles (BDR) - believed to be disgruntled about low pay and ill treatment at the hands of senior officers - openly revolted against their superiors on Wednesday for close to 33 hours, killing 74 army officials, in some cases even family members, and about 20 civilians.

Reports have emerged about the discovery of mass graves and about 70 other army officers are believed to still be missing. Yesterday the nation mourned the bloodshed as a mass namaz-i-janaza - or Islamic funeral - was held for nearly 50 army officers killed during the mutiny, including Major Gen Shakil Ahmed, the director general of the BDR. The government has said that 1,000 BDR mutineers are wanted and will be tried for manslaughter. The hunt for them continued yesterday.

"This was a human catastrophe," said Gen Muhammed Ibrahim, a retired army general from the Bangladesh army. "In this country, not unfamiliar with killings, this episode was mind boggling." The country's media also condemned the mutiny. "What transpired at the Bangladesh Rifles headquarters on February 25 was not a mutiny. It was murder plain and simple," Syed Badrul Ahsan, a columnist, wrote in The Daily Star.

"It was a brutal assault on the army, on officers in whose hands rested the capacity for military professionalism. In the larger sense, [this episode] was the incapacitation of a whole nation." The BDR is one of the world's oldest and most experienced paramilitary forces. It was established in 1795, initially as the Ramgarh Local Battalion under the auspices of the British empire, and since then, over the course of several wars, earned itself a reputation as a gallant fighting force. The BDR was at the forefront of Bangladesh's liberation war in 1971.

As the country comes to grips with this recent tragedy, questions are being raised by shocked countrymen about what could have BDR guards to rebel so suddenly and with such violence. Gen Ibrahim believes there was more to the mutiny than disaffection over low wages ill-treatment. "This wasn't a mutiny by an entire organisation. It was just a handful who picked up arms, possibly under the guidance of a larger force," he said.

Ayesha Kabir, the editor of Probe, an English-language Bangladeshi weeklynewspaper, was shocked by the callousness with which the BDR soldiers went about killing their comrades. The operation did not appear to be a spontaneous outburst, Ms Kabir said, suggesting there were forces at work behind the scenes. "Low pay and corruption within BDR ranks alone does not justify taking up arms. These are issues that have plagued several Bangladeshi organisations," she said.

"It was all very well planned, well executed. It appeared premeditated." The mutiny occurred just two months after Bangladeshis voted in a new government, following a long period of political turbulence and two years of rule by a military-backed caretaker government. The Awami League, led by Sheikh Hasina Wajed, clinched more than a two-thirds majority in the Bangladeshi parliament, trouncing the Bangladesh Nationalist Party of her arch-rival Khaleda Zia.

Several conspiracy theories have emerged in Bangladesh as to who was behind the mutiny, but it is far from clear who the real perpetrator might be, if indeed there was underhanded involvement. Sheikh Hasina has sought the help of US Federal Bureau of Investigation to investigate the killings. A formal request to this effect was made yesterday to Richard Boucher, US assistant secretary of state for South and Central Asian Affairs. Sheikh Hasina has also approached Britain's Scotland Yard to investigate the case.

Imtiaz Ahmed, a professor in the international affairs department at the University of Dhaka, said he believes the intent of the killings was clear: to destabilise the country. The Dec 29 parliamentary elections, monitored by 1,500 foreign and 200,000 local observers, were feted the world over as free and fair, unlike many previous elections, Prof Ahmed said. The caretaker government revolutionised the elections process, drawing up a computerised list of 81 million registered voters for this election, and purging 11m fake voters from the rolls.

"Bangladesh has found some semblance of stability after years of turmoil. Not many will be happy about that. Bangladesh has many enemies - both within and without," Prof Ahmed said. Certainly the episode has led to an exchange of barbs, with the opposition accusing the Sheikh Hasina-led government of mismanaging the mutiny and of being "too soft" on the mutineers. But there was one upside to this tragic episode, according to Prof Ahmed: "The army and the newly elected political establishment, who have for long had an acrimonious relationship, worked together to quell the mutiny together."

achopra@thenational.ae

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

SPAIN SQUAD

Goalkeepers Simon (Athletic Bilbao), De Gea (Manchester United), Sanchez (Brighton)

Defenders Gaya (Valencia), Alba (Barcelona), P Torres (Villarreal), Laporte (Manchester City), Garcia (Manchester City), D Llorente (Leeds), Azpilicueta (Chelsea)

Midfielders Busquets (Barcelona), Rodri (Manchester City), Pedri (Barcelona), Thiago (Liverpool), Koke (Atletico Madrid), Ruiz (Napoli), M Llorente (Atletico Madrid)

Forwards: Olmo (RB Leipzig), Oyarzabal (Real Sociedad), Morata (Juventus), Moreno (Villarreal), F Torres (Manchester City), Traore (Wolves), Sarabia (PSG)

Roll of honour

Who has won what so far in the West Asia Premiership season?

Western Clubs Champions League - Winners: Abu Dhabi Harlequins; Runners up: Bahrain

Dubai Rugby Sevens - Winners: Dubai Exiles; Runners up: Jebel Ali Dragons

West Asia Premiership - Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins

UAE Premiership Cup - Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles

West Asia Cup - Winners: Bahrain; Runners up: Dubai Exiles

West Asia Trophy - Winners: Dubai Hurricanes; Runners up: DSC Eagles

Final West Asia Premiership standings - 1. Jebel Ali Dragons; 2. Abu Dhabi Harlequins; 3. Bahrain; 4. Dubai Exiles; 5. Dubai Hurricanes; 6. DSC Eagles; 7. Abu Dhabi Saracens

Fixture (UAE Premiership final) - Friday, April 13, Al Ain – Dubai Exiles v Abu Dhabi Harlequins

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Russia's Muslim Heartlands

Dominic Rubin, Oxford

Defending champions

World Series: South Africa
Women’s World Series: Australia
Gulf Men’s League: Dubai Exiles
Gulf Men’s Social: Mediclinic Barrelhouse Warriors
Gulf Vets: Jebel Ali Dragons Veterans
Gulf Women: Dubai Sports City Eagles
Gulf Under 19: British School Al Khubairat
Gulf Under 19 Girls: Dubai Exiles
UAE National Schools: Al Safa School
International Invitational: Speranza 22
International Vets: Joining Jack

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 Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

The flights: South African Airways flies from Dubai International Airport with a stop in Johannesburg, with prices starting from around Dh4,000 return. Emirates can get you there with a stop in Lusaka from around Dh4,600 return.
The details: Visas are available for 247 Zambian kwacha or US$20 (Dh73) per person on arrival at Livingstone Airport. Single entry into Victoria Falls for international visitors costs 371 kwacha or $30 (Dh110). Microlight flights are available through Batoka Sky, with 15-minute flights costing 2,265 kwacha (Dh680).
Accommodation: The Royal Livingstone Victoria Falls Hotel by Anantara is an ideal place to stay, within walking distance of the falls and right on the Zambezi River. Rooms here start from 6,635 kwacha (Dh2,398) per night, including breakfast, taxes and Wi-Fi. Water arrivals cost from 587 kwacha (Dh212) per person.

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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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

Habib El Qalb

Assi Al Hallani

(Rotana)

Afro%20salons
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Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

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'Laal Kaptaan'

Director: Navdeep Singh

Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain

Rating: 2/5

INFO

Visit www.wtatennis.com for more information

 

The specs

Common to all models unless otherwise stated

Engine: 4-cylinder 2-litre T-GDi

0-100kph: 5.3 seconds (Elantra); 5.5 seconds (Kona); 6.1 seconds (Veloster)

Power: 276hp

Torque: 392Nm

Transmission: 6-Speed Manual/ 8-Speed Dual Clutch FWD

Price: TBC

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Dubai World Cup Carnival Thursday race card

6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m
7.05pm: Handicap $135,000 (T) 1,600m​​​​​​​
7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m​​​​​​​
8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m​​​​​​​
8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m​​​​​​​
9.25pm: Handicap $135,000 (D) 1,400m
10pm: Handicap $135,000 (T) 1,600m