• Security forces stand outside Slice Bakery in Share-Naw, where one of the rockets hit, damaging a delivery van and injuring several people. Stefanie Glinski for The National
    Security forces stand outside Slice Bakery in Share-Naw, where one of the rockets hit, damaging a delivery van and injuring several people. Stefanie Glinski for The National
  • Security forces stand outside Slice Bakery in Share-Naw, where one of the rockets hit, damaging a delivery van and injuring several people. Stefanie Glinski for The National
    Security forces stand outside Slice Bakery in Share-Naw, where one of the rockets hit, damaging a delivery van and injuring several people. Stefanie Glinski for The National
  • One of the rockets hit Sana Medical Complex's paediatric ward. No one was injured. Stefanie Glinski for The National
    One of the rockets hit Sana Medical Complex's paediatric ward. No one was injured. Stefanie Glinski for The National
  • Security forces stand outside Slice Bakery in Share-Naw, where one of the rockets hit, damaging a delivery van and injuring several people. Stefanie Glinski for The National
    Security forces stand outside Slice Bakery in Share-Naw, where one of the rockets hit, damaging a delivery van and injuring several people. Stefanie Glinski for The National
  • People wait outside Kabul's Emergency Hopsital in Share-Naw where at least 30 injured have been brought. Stefanie Glinski for The National
    People wait outside Kabul's Emergency Hopsital in Share-Naw where at least 30 injured have been brought. Stefanie Glinski for The National
  • Security forces stand outside Slice Bakery in Share-Naw, where one of the rockets hit, damaging a delivery van and injuring several people. Stefanie Glinski for The National
    Security forces stand outside Slice Bakery in Share-Naw, where one of the rockets hit, damaging a delivery van and injuring several people. Stefanie Glinski for The National
  • Afghan security forces cordon off the area of a rocket attack site in Kabul, Afghanistan. According to media reports at least one person was killed and three others were injured as several rockets landed on the Afghann capital. EPA
    Afghan security forces cordon off the area of a rocket attack site in Kabul, Afghanistan. According to media reports at least one person was killed and three others were injured as several rockets landed on the Afghann capital. EPA
  • Security personnel inspect a damaged vehicle which was carrying and shooting rockets, in the aftermath of a rocket attack in Kabul, Afghanistan. According to media reports at least three people were killed and 11 others were injured as multiple rockets landed on the Afghann capital. EPA
    Security personnel inspect a damaged vehicle which was carrying and shooting rockets, in the aftermath of a rocket attack in Kabul, Afghanistan. According to media reports at least three people were killed and 11 others were injured as multiple rockets landed on the Afghann capital. EPA
  • Security personnel inspect a damaged vehicle which was carrying and shooting rockets, in the aftermath of a rocket attack in Kabul, Afghanistan. According to media reports at least three people were killed and 11 others were injured as multiple rockets landed on the Afghann capital. EPA
    Security personnel inspect a damaged vehicle which was carrying and shooting rockets, in the aftermath of a rocket attack in Kabul, Afghanistan. According to media reports at least three people were killed and 11 others were injured as multiple rockets landed on the Afghann capital. EPA
  • People inspect a damaged house after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. /AFP
    People inspect a damaged house after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. /AFP
  • People gather on a roof of a building in Kabul, Afghanistan in this still image obtained from a video. REUTERS
    People gather on a roof of a building in Kabul, Afghanistan in this still image obtained from a video. REUTERS
  • Men carry an injured person to a hospital after rockets hit residential areas in Kabul, Afghanistan. REUTERS
    Men carry an injured person to a hospital after rockets hit residential areas in Kabul, Afghanistan. REUTERS
  • An injured man is carried to a hospital after rockets hit residential areas in Kabul, Afghanistan. REUTERS
    An injured man is carried to a hospital after rockets hit residential areas in Kabul, Afghanistan. REUTERS
  • A damaged house is seen after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul on November 21, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. AFP
    A damaged house is seen after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul on November 21, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. AFP
  • Residents gather at a site after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul on November 21, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. AFP
    Residents gather at a site after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul on November 21, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. AFP
  • Residents gather at a site after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul on November 21, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. AFP
    Residents gather at a site after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul on November 21, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. AFP
  • People inspect a damaged house after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul on November 21, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. AFP
    People inspect a damaged house after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul on November 21, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. AFP
  • A man inspects a damaged house after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul on November 21, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. AFP
    A man inspects a damaged house after several rockets land at Khair Khana, north west of Kabul. A series of loud explosions shook central Kabul on November 21, including several rockets that landed near the heavily fortified Green Zone where many embassies and international firms are based, officials said. AFP
  • Security personnel inspect a damaged vehicle which was carrying and shooting the rockets, in the aftermath of a rocket attack in Kabul, Afghanistan. According to media reports at least three people were killed and 11 others were injured as multiple rockets landed on the Afghann capital. EPA
    Security personnel inspect a damaged vehicle which was carrying and shooting the rockets, in the aftermath of a rocket attack in Kabul, Afghanistan. According to media reports at least three people were killed and 11 others were injured as multiple rockets landed on the Afghann capital. EPA
  • Security personnel inspect a damaged vehicle which was carrying and shooting rockets, in the aftermath of a rocket attack in Kabul, Afghanistan. According to media reports at least three people were killed and 11 others were injured as multiple rockets landed on the Afghann capital. EPA
    Security personnel inspect a damaged vehicle which was carrying and shooting rockets, in the aftermath of a rocket attack in Kabul, Afghanistan. According to media reports at least three people were killed and 11 others were injured as multiple rockets landed on the Afghann capital. EPA
  • A security officer inspects a rocket hole in a private building in downtown Kabul, Afghanistan. According to media reports at least one person was killed and three others were injured as several rockets landed on the Afghann capital. EPA
    A security officer inspects a rocket hole in a private building in downtown Kabul, Afghanistan. According to media reports at least one person was killed and three others were injured as several rockets landed on the Afghann capital. EPA

EU pledges $1.42bn to Afghanistan but warns against return to Taliban rule


Jamie Prentis
  • English
  • Arabic

The European Union has pledged €1.2 billion ($1.42bn) in support to Afghanistan over the next four years, but its chief diplomat said that a return to the Taliban’s hardline rule would damage any future financial and political engagement.

An Afghan donor conference is under way in Geneva, but there are fears that aid pledges may be lower than when the last event was held four years ago – which raised $15.2 billion – as governments struggle financially during the Covid-19 pandemic.

Afghan President Ashraf Ghani has conceded that the money given may be less in 2020 but said funds were critical to future growth.

"Despite our suffering, I want to be very clear that our commitment to negotiations with the Taliban remains firm ... we must bring an end to the violence that is haunting our lives and robbing our children of the joys of childhood," he told the online conference.

  • Civil society activists wearing face masks prepare for a campaign to raise awareness of the new coronavirus in Kabul, Afghanistan. AP Photo
    Civil society activists wearing face masks prepare for a campaign to raise awareness of the new coronavirus in Kabul, Afghanistan. AP Photo
  • Afghans show their national IDs as they wait to cross into Afghanistan after Pakistani authorities closed the border at Chaman, Pakistan. EPA
    Afghans show their national IDs as they wait to cross into Afghanistan after Pakistani authorities closed the border at Chaman, Pakistan. EPA
  • Hospital staff wear hazmet suits inside the coronavirus center in Kandahar, Afghanistan. EPA
    Hospital staff wear hazmet suits inside the coronavirus center in Kandahar, Afghanistan. EPA
  • Afghan boys wearing face masks walk at a down town street in Kabul, Afghanistan. AP Photo
    Afghan boys wearing face masks walk at a down town street in Kabul, Afghanistan. AP Photo
  • Afghanistan Health Minister Ferozuddin Feroz gives a news conference in Kabul, Afghanistan. AP Photo
    Afghanistan Health Minister Ferozuddin Feroz gives a news conference in Kabul, Afghanistan. AP Photo
  • Men walk past Afghan's trucks parked along a road near the closed Pakistan-Afghanistan border amid concerns over the spread of the COVID-19 novel coronavirus, in Torkham some 54 kms from Peshahwar. AFP
    Men walk past Afghan's trucks parked along a road near the closed Pakistan-Afghanistan border amid concerns over the spread of the COVID-19 novel coronavirus, in Torkham some 54 kms from Peshahwar. AFP
  • Afhan trucks line up as they wait to cross the Pakistan-Afghanistan closed amid concerns over the spread of the COVID-19 novel coronavirus, in Torkham some 54 kms fron Peshawar. AFPMAJEED
    Afhan trucks line up as they wait to cross the Pakistan-Afghanistan closed amid concerns over the spread of the COVID-19 novel coronavirus, in Torkham some 54 kms fron Peshawar. AFPMAJEED
  • A Pakistani soldier stands guard at Pak-Afghan border after it was closed due to coronavirus, in Chaman, Pakistan. EPA
    A Pakistani soldier stands guard at Pak-Afghan border after it was closed due to coronavirus, in Chaman, Pakistan. EPA
  • A man walks past at an empty bus terminal near the closed Pakistan-Afghanistan border amid concerns over the spread of the COVID-19 novel coronavirus, in Torkham some 54 kms from Peshahwar. AFP
    A man walks past at an empty bus terminal near the closed Pakistan-Afghanistan border amid concerns over the spread of the COVID-19 novel coronavirus, in Torkham some 54 kms from Peshahwar. AFP

Peace talks are ongoing with the Taliban militant group, which governed much of the country from 1996 to 2001 as the strict Islamic Emirate of Afghanistan. A US-led war that ousted them has destroyed the impoverished country.

Jutta Urpilainen, who leads international partnerships at the European Commission, said the financial commitment was “conditional on the continued commitment to democracy, the rule of law, human rights, and gender equality”.

"In 2016, the EU showed its strong commitment to Afghanistan by pledging €1.2bn over a four-year period," she said.

"It is my pleasure to announce today that we are ready to keep this level of support for the next four years."

In areas under its control, the Taliban carries out numerous human rights abuses and women are routinely oppressed and withdrawn from public life.

The EU’s chief diplomat, Josep Borrell, said the peace process required greater commitment from the Taliban as he called for the violence to stop “not tomorrow, but right now”.

“A genuine partner for peace should not only spare international citizens from attacks, but also stop attacking and killing its own compatriots,” he told the conference.

“The outcome of the peace process should be owned by the population at large. To achieve the necessary legitimacy, the process must be inclusive.

“The voices of women, youth, minorities and victims of war must be heard and their rightful demands addressed. Only a broad-based, national consensus on the foundations of the future Afghanistan will lead to lasting peace,” Mr Borrell said.

Afghan authorities and the Taliban have held talks in Qatar since September, but no progress has been made and violence persists despite an agreement over the withdrawal of US troops.

  • US Marines keep watch as unseen Afghan National Army soldiers participate in an IED (improvised explosive device) training exercise at the Shorab Military Camp in 2017. AFP
    US Marines keep watch as unseen Afghan National Army soldiers participate in an IED (improvised explosive device) training exercise at the Shorab Military Camp in 2017. AFP
  • US troops patrol at an Afghan army Base in Logar province on August 7, 2018. Reuters
    US troops patrol at an Afghan army Base in Logar province on August 7, 2018. Reuters
  • US soldiers patrol a street in central Kabul December 11, 2004. Reuters
    US soldiers patrol a street in central Kabul December 11, 2004. Reuters
  • US troops under Afghanistan's International Security Assistance Force, and Afghan National Army soldiers conduct a joint security patrol in the centre of Kandalay village. AFP
    US troops under Afghanistan's International Security Assistance Force, and Afghan National Army soldiers conduct a joint security patrol in the centre of Kandalay village. AFP
  • US troops patrol at an Afghan National Army (ANA) base in Logar province, Afghanistan in 2018. Reuters
    US troops patrol at an Afghan National Army (ANA) base in Logar province, Afghanistan in 2018. Reuters
  • US Army soldiers patrol in the village of Chariagen in the Panjwai district of Kandahar province southern Afghanistan in 2011. Reuters
    US Army soldiers patrol in the village of Chariagen in the Panjwai district of Kandahar province southern Afghanistan in 2011. Reuters
  • Afghan residents chat with US. Army Lieutenant Steven Gibbs as he patrols with his platoon in Pul-e Alam, a town in Logar province, eastern Afghanistan in 2011. Reuters
    Afghan residents chat with US. Army Lieutenant Steven Gibbs as he patrols with his platoon in Pul-e Alam, a town in Logar province, eastern Afghanistan in 2011. Reuters
  • US soldiers gather during an exercise at the Kandahar airbase in Afghanistan in 2005. Reuters
    US soldiers gather during an exercise at the Kandahar airbase in Afghanistan in 2005. Reuters
  • U.S. Army soldiers with 1st Brigade, 1st Cavalry Division stand near their armored vehicles before they start their journey home at Contingency Operating Site Kalsu, south of Baghdad, Iraq. AP
    U.S. Army soldiers with 1st Brigade, 1st Cavalry Division stand near their armored vehicles before they start their journey home at Contingency Operating Site Kalsu, south of Baghdad, Iraq. AP
  • A handout photo made available by the US Marine Corps shows US Marines inside the perimeter of Al Asad Air Base in Iraq. EPA
    A handout photo made available by the US Marine Corps shows US Marines inside the perimeter of Al Asad Air Base in Iraq. EPA
  • A US soldier is seen during a handover ceremony of Taji military base from US-led coalition troops to Iraqi security forces, in the base north of Baghdad, Iraq August 23, 2020. Reuters
    A US soldier is seen during a handover ceremony of Taji military base from US-led coalition troops to Iraqi security forces, in the base north of Baghdad, Iraq August 23, 2020. Reuters
  • US soldiers have been in Iraq for nearly two decades. AFP
    US soldiers have been in Iraq for nearly two decades. AFP
  • US soldiers are seen during a handover ceremony of Taji military base from US-led coalition troops to Iraqi security forces, in the base north of Baghdad, Iraq on August 23, 2020. Reuters
    US soldiers are seen during a handover ceremony of Taji military base from US-led coalition troops to Iraqi security forces, in the base north of Baghdad, Iraq on August 23, 2020. Reuters

“I would like to reaffirm today the European Union’s commitment to continue to support the Afghan people, both politically and financially. We want to help to build a sovereign, unified and democratic Afghanistan on a path towards prosperity and self-reliance,” Mr Borrell said.

“Afghanistan’s future trajectory must preserve the democratic and human rights gains since 2001, most notably as regards women’s and children’s rights. As the United Nations Security Council said, any attempt to restore an Islamic Emirate would have an impact on our political and financial engagement,” he said.

Deborah Lyons, head of the UN's mission to Afghanistan, said Afghans needed ongoing political, financial and technical support from the international community.

“Now is not the time to walk away," she said.

The UK, which also sent troops to Afghanistan in 2001 and has given significant funds to the country, pledged £155m ($206.2m). It said continued funding would be closely linked to the peace process, progress on reducing poverty and protecting human rights.

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

Uefa Nations League: How it works

The Uefa Nations League, introduced last year, has reached its final stage, to be played over five days in northern Portugal. The format of its closing tournament is compact, spread over two semi-finals, with the first, Portugal versus Switzerland in Porto on Wednesday evening, and the second, England against the Netherlands, in Guimaraes, on Thursday.

The winners of each semi will then meet at Porto’s Dragao stadium on Sunday, with the losing semi-finalists contesting a third-place play-off in Guimaraes earlier that day.

Qualifying for the final stage was via League A of the inaugural Nations League, in which the top 12 European countries according to Uefa's co-efficient seeding system were divided into four groups, the teams playing each other twice between September and November. Portugal, who finished above Italy and Poland, successfully bid to host the finals.

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Known as the UAE’s strongest man

Favourite dish: “Everything and sea food”

Hobbies: Drawing, basketball and poetry

Favourite car: Any classic car

Favourite superhero: The Hulk original

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

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.”

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

How it works

1) The liquid nanoclay is a mixture of water and clay that aims to convert desert land to fertile ground

2) Instead of water draining straight through the sand, it apparently helps the soil retain water

3) One application is said to last five years

4) The cost of treatment per hectare (2.4 acres) of desert varies from $7,000 to $10,000 per hectare 

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

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