Egyptian protesters chant anti-American slogans and hold a picture of Osama Bin Laden during a protest held by Islamist groups against the killing of Bin Laden, in front of the US embassy in Cairo.
Egyptian protesters chant anti-American slogans and hold a picture of Osama Bin Laden during a protest held by Islamist groups against the killing of Bin Laden, in front of the US embassy in Cairo.

Osama bin Laden's Pakistan home was 'command-and-control centre' for al Qa'eda



WASHINGTON // Intelligence experts will mine the secrets of Osama bin Laden as they sort through a trove of material seized during the raid on his Pakistan compound. The documents have already shown that bin Laden was actively involved in planning and directing al Qa'eda's plots.

Notes and computer material gathered by Navy Seals after the raid revealed bin Laden's home was a command-and-control centre for the terrorist network, said a US intelligence official who briefed reporters and insisted his name not be used.

Osama bin Laden: After the death of the world's most wanted terrorist.

Last Updated: May 8, 2010

Edited video extracts of Osama bin Laden released by the US Watch video

Bin Laden watches himself on television from his compound in Abbottabad Watch video

Bin Laden's mother-in-law 'collapsed and died on news of his death' Mother of bin Laden's first wife died from shock and grief after hearing of his death, a family member said. Read article

Experts divided on whether US broke law in killing bin Laden United States view of the al Qa'eda chief as a military target is not shared universally. Read article

A bungled PR job keeps the bin Laden controversy alive The varying reports of the operation that killed bin Laden have raised more questions than answers for Obama's administration. Read article

Bin Laden was eager to strike American cities again and discussed ways to attack trains, officials said, though it appeared that plan never progressed beyond early discussions.

CIA director Leon Panetta said: "The material found in the compound only further confirms how important it was to go after bin Laden. Since 9/11, this is what the American people have expected of us. In this critical operation, we delivered."

A handful of videos released on Saturday show bin Laden appearing hunched and tired, seated on the floor, watching television, wrapped in a wool blanket and wearing a knit cap. Out-takes of his propaganda tapes show that they were heavily scripted affairs. He dyed and trimmed his beard for the cameras, then shot and reshot his remarks until the timing and lighting were just right. The new material shows bin Laden in a much more candid, unflattering light than the rare propaganda videos that trickled out during his life portraying him as a charismatic religious figure unfazed at being the target of a worldwide manhunt.

The new videos picture a shabby, makeshift office in which bin Laden watched newscasts of himself from a tiny television perched atop a rickety old desk cluttered with wires.

Officials said the clips shown to reporters were just part of the largest collection of terrorist materials ever collected. The evidence seized also includes phone numbers and documents that officials hope will help break the back of the organization.

The videos showing "out-takes" - the miscues by bin Laden that were destined for the cutting-room floor - were offered as further proof of bin Laden's death. President Barack Obama decided last week not to release photos of bin Laden's body, which were deemed too gruesome to reveal and could be used as anti-American propaganda. The US has said it confirmed bin Laden's death using DNA.

By selecting unflattering clips of bin Laden, the US is trying to shatter the image he worked so hard to craft.

One video clearly shows the terror leader choosing and changing channels with a remote control, which he points at what appears to be a satellite cable box. US officials have previously said there was a satellite dish for television reception but no internet or phone lines ran to the house. Cellphones were prohibited on the compound.

It's unclear how many tapes were taken from the house, and US officials say they're scouring the intelligence so quickly it has not even been catalogued and counted.

Among the material handed out was an al Qa'eda propaganda video, apparently intended for public release, entitled "Message to the American People," probably filmed sometime last autumn, the official said. Bin Laden has not released a video since 2007, and officials were not sure why this one had not been released.

The official said the short taped message denigrated capitalism and included anti-American messages similar to his previous tapes, but he refused to say if it included a direct threat against the United States. The government released the video without sound because it did not want to disseminate a terrorist message.

Al Qa'eda has confirmed the death of its founder, but did not announce a successor.

10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

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A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

Company%20Profile
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SPECS
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WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

MATCH INFO

South Africa 66 (Tries: De Allende, Nkosi, Reinach (3), Gelant, Steyn, Brits, Willemse; Cons: Jantjies 8) 

Canada 7 (Tries: Heaton; Cons: Nelson)

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Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

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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