A new date for intra-Afghan peace talks is under discussion and the United States has heard positive reports about the formation of an inclusive Afghan government, US special representative Zalmay Khalilzad has said.
Speaking to reporters on a conference call, Mr Khalilzad said it would be best if intra-Afghan talks began while there is still a significant US military presence in Afghanistan and that he would soon travel to push for a de-escalation in violence and the release of prisoners.
The pace of prisoner releases and disagreements over the Afghan government's composition have helped delay intra-Afghan talks, which were to begin on March 10 under a February 29 US-Taliban agreement for the withdrawal of US troops.
Two attacks in Afghanistan on Tuesday have raised questions about whether the US peace effort may collapse. One attack, on a Kabul hospital's maternity ward, killed 24 people, including two babies. Another, at a funeral in eastern Afghanistan, killed 32.
Mr Khalilzad repeated the US assessment that a militant group affiliated with ISIS was responsible for both attacks. Afghan officials, however, have blamed the Taliban for the bloody hospital attack despite the militant group's denials.
"There are forces such as the ISIS that doesn't see peace in Afghanistan in its interest and are trying to increase violence to undermine the prospects for peace," Mr Khalilzad told reporters on Friday. "We are urging both sides not to fall into that trap but indeed to co-operate against terrorists including ISIS. So, we want this to happen as soon as possible when now, we're still there in a significant way."
He also blamed ISIS for an assault earlier the same day in the country's east that targeted the funeral of a pro-government warlord, killing 34 people.
ISIS "has demonstrated a pattern for favouring these types of heinous attacks against civilians and is a threat to the Afghan people and to the world," Mr Khalilzad tweeted. He did not elaborate further.
ISIS has not claimed responsibility for the Kabul attack, which Doctors without Borders — a Paris-based charity that operates the hospital — called "pure hell." The organisation, which also goes under its French acronym MSF, said gunmen headed straight to the maternity wards, ignoring units closer to the entrance of the medical complex, searching out the newborns and the mothers.
"They went through the rooms ... shooting women in their beds. It was methodical. Walls sprayed with bullets, blood on the floors in the rooms, vehicles burnt out and windows shot through," said Frederic Bonnot, head of MSF programmes in Afghanistan. "They came to kill the mothers."
One of the attackers was just 16 years old, said Abdul Habib Faizi, the head of the hospitals' nursing department. He said it seemed the killers knew the layout of the hospital, moving floor to floor, throwing up to eight grenades as they went, storming the room where women were breast-feeding their babies and gunning them down.
The ISIS affiliate in Afghanistan is based in eastern Nangarhar province and mostly targets the country's minority Shiites. In 2018, ISIS killed dozens of young students taking university entrance exams in the same Dasht-e-Barchi neighborhood of Kabul.
The militants have also issued past warnings to Shiites, threatening to kill them in mosques, schools and homes.
ISIS claimed responsibility for the attack on the funeral in Nangarhar while the Taliban denied involvement in either attack, calling the carnage at the maternity hospital a "vile, inhumane and an un-Islamic act."
A Taliban statement on Friday slammed Afghan President Ashraf Ghani for blaming the Taliban for the Kabul attack and accused him of trying to scuttle a US-Taliban peace deal aimed at ending nearly 20 years of war.
The key provisions of the February 29 agreement - to which the Afghan government was not a party - involved a US commitment to reduce its military footprint in Afghanistan to 8,600 by mid-July.
The Pentagon said on Friday that the United States is continuing its withdrawal of troops from Afghanistan and is expected to meet a timeline that had been agreed upon with the Taliban.
"That is still going forward. We expect to meet that within the timeline laid out under the agreement with the Taliban," Pentagon spokesman Jonathan Hoffman said.
India squad
Virat Kohli (captain), Rohit Sharma, Mayank Agarwal, K.L. Rahul, Shreyas Iyer, Manish Pandey, Rishabh Pant, Shivam Dube, Kedar Jadhav, Ravindra Jadeja, Yuzvendra Chahal, Kuldeep Yadav, Deepak Chahar, Mohammed Shami, Shardul Thakur.
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
COMPANY%20PROFILE
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LA LIGA FIXTURES
Thursday (All UAE kick-off times)
Sevilla v Real Betis (midnight)
Friday
Granada v Real Betis (9.30pm)
Valencia v Levante (midnight)
Saturday
Espanyol v Alaves (4pm)
Celta Vigo v Villarreal (7pm)
Leganes v Real Valladolid (9.30pm)
Mallorca v Barcelona (midnight)
Sunday
Atletic Bilbao v Atletico Madrid (4pm)
Real Madrid v Eibar (9.30pm)
Real Sociedad v Osasuna (midnight)
UAE currency: the story behind the money in your pockets
In numbers
- Number of children under five will fall from 681 million in 2017 to 401m in 2100
- Over-80s will rise from 141m in 2017 to 866m in 2100
- Nigeria will become the world’s second most populous country with 791m by 2100, behind India
- China will fall dramatically from a peak of 2.4 billion in 2024 to 732 million by 2100
- an average of 2.1 children per woman is required to sustain population growth
MATCH INFO
Rugby World Cup (all times UAE)
Third-place play-off: New Zealand v Wales, Friday, 1pm
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In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
WITHIN%20SAND
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
UAE currency: the story behind the money in your pockets
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
The biog
Name: Fareed Lafta
Age: 40
From: Baghdad, Iraq
Mission: Promote world peace
Favourite poet: Al Mutanabbi
Role models: His parents
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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.”