• Philippine soldiers, wounded in an ongoing clash with Islamist militants from the Abu Sayyaf group, arrive at a military hospital in Jolo, Sulu province, on the southern island of Mindanao on March 3, 2017, hours prior to the arrival of President Rodrigo Duterte. - Philippine soldiers clashed anew on March 3 with Islamist militants behind the beheading of a German hostage. The Abu Sayyaf, a kidnap-for-ransom network in the southern Philippines that has declared allegiance to the Islamic State group, killed Jurgen Kantner, 70, on February 26 after its demands for 30 million pesos ($600,000) were not met. (Photo by NICKEE BUTLANGAN / AFP)
    Philippine soldiers, wounded in an ongoing clash with Islamist militants from the Abu Sayyaf group, arrive at a military hospital in Jolo, Sulu province, on the southern island of Mindanao on March 3, 2017, hours prior to the arrival of President Rodrigo Duterte. - Philippine soldiers clashed anew on March 3 with Islamist militants behind the beheading of a German hostage. The Abu Sayyaf, a kidnap-for-ransom network in the southern Philippines that has declared allegiance to the Islamic State group, killed Jurgen Kantner, 70, on February 26 after its demands for 30 million pesos ($600,000) were not met. (Photo by NICKEE BUTLANGAN / AFP)
  • Filipino soldiers collect confiscated firearms from killed Abu Sayyaf members in the Philippine town of Ibanga on April 12, 2017.
    Filipino soldiers collect confiscated firearms from killed Abu Sayyaf members in the Philippine town of Ibanga on April 12, 2017.
  • Abu Sayyaf spokesman Abu Sabaya, right foreground, is seen with his band of armed extremists. Philippine troops captured an Abu Sayyaf rebel commander blamed for years of ransom kidnappings. AP Photo
    Abu Sayyaf spokesman Abu Sabaya, right foreground, is seen with his band of armed extremists. Philippine troops captured an Abu Sayyaf rebel commander blamed for years of ransom kidnappings. AP Photo
  • Philippine soldiers walk along a highway as they return to camp after an armed encouter with members of militant group Abu Sayyaf at the village of Bongkaong, Patikul town, Sulu province on the southern island of Mindanao on August 26, 2016. - Philippine security officials killed six members of militant group Abu Sayyaf on August 26 including one involved in the kidnapping of two Canadians who were beheaded in the troubled south, the military said. (Photo by STRINGER / AFP)
    Philippine soldiers walk along a highway as they return to camp after an armed encouter with members of militant group Abu Sayyaf at the village of Bongkaong, Patikul town, Sulu province on the southern island of Mindanao on August 26, 2016. - Philippine security officials killed six members of militant group Abu Sayyaf on August 26 including one involved in the kidnapping of two Canadians who were beheaded in the troubled south, the military said. (Photo by STRINGER / AFP)
  • This photo taken on September 5, 2016, Philippine soldiers standing guard next to an Armored Personnel Carrier (APC), inside a military camp in Jolo, Sulu province, in southern island of Mindanao, as they prepare for an operation against the extremist Abu Sayyaf group. - Philippine President Rodrigo Duterte has vowed to cannibalise and "devour" Abu Sayyaf Islamist militants who allegedly bombed his home city last weekend, killing at least 14 people and leaving dozens injured. (Photo by MARK NAVALES / AFP)
    This photo taken on September 5, 2016, Philippine soldiers standing guard next to an Armored Personnel Carrier (APC), inside a military camp in Jolo, Sulu province, in southern island of Mindanao, as they prepare for an operation against the extremist Abu Sayyaf group. - Philippine President Rodrigo Duterte has vowed to cannibalise and "devour" Abu Sayyaf Islamist militants who allegedly bombed his home city last weekend, killing at least 14 people and leaving dozens injured. (Photo by MARK NAVALES / AFP)
  • In this photo taken on August 30, 2016, Philippine soldiers firing howitzer cannons into Muslim extremist group Abu sayyaf's position in Jolo, Sulu province, in southern island of Mindanao, as troops carried out President Rodrigo Duterte's orders to "destroy" the militants. - Duterte tagged on September 3, the Abu Sayyaf, an Islamic militant group from the southern Philippines notorious for kidnappings, as a possible suspect in a deadly blast in his home town of Davao. (Photo by MARK NAVALES / AFP)
    In this photo taken on August 30, 2016, Philippine soldiers firing howitzer cannons into Muslim extremist group Abu sayyaf's position in Jolo, Sulu province, in southern island of Mindanao, as troops carried out President Rodrigo Duterte's orders to "destroy" the militants. - Duterte tagged on September 3, the Abu Sayyaf, an Islamic militant group from the southern Philippines notorious for kidnappings, as a possible suspect in a deadly blast in his home town of Davao. (Photo by MARK NAVALES / AFP)
  • Philippine marines aboard an Amored Personnel Carrier (APC) and a truck guard a highway in Indanan town, Sulu province on the southern island of Mindanao on February 27, 2017, after reports of the beheading of German national Jurgen Kantner by the Abu Sayyaf group. - Islamic militants in the Philippines have beheaded the German hostage they were holding for ransom, the government in Manila said February 27. (Photo by NICKEE BUTLANGAN / AFP)
    Philippine marines aboard an Amored Personnel Carrier (APC) and a truck guard a highway in Indanan town, Sulu province on the southern island of Mindanao on February 27, 2017, after reports of the beheading of German national Jurgen Kantner by the Abu Sayyaf group. - Islamic militants in the Philippines have beheaded the German hostage they were holding for ransom, the government in Manila said February 27. (Photo by NICKEE BUTLANGAN / AFP)

Philippine army promises 'massive' operation against terrorists after hostages rescued


  • English
  • Arabic

Philippine troops killed an Abu Sayyaf rebel commander who was blamed for years of ransom kidnappings and on Sunday rescued the last of his four Indonesian captives, the military said.

It will just be relentless in a massive and focused military operation

Marines wounded Amajan Sahidjuan in a gun battle on Saturday night and he later died from blood loss on Kalupag Island in southern Tawi Tawi province.

Two other militants managed to flee and dragged along the last of four Indonesian hostages, but troops rescued him on Sunday, regional military commander Lt Gen Corleto Vinluan Jr said.

On Thursday night, three Indonesian men were rescued by police who also captured one of their Abu Sayyaf captors along the shores of South Ubian town in Tawi Tawi.

The military said the Abu Sayyaf militants led by Sahidjuan were fleeing assaults in nearby Sulu province when their speedboat was lashed by huge waves and overturned off Tawi Tawi.

A military officer said the militants were attempting to cross the sea border to Tambisan Island in neighbouring Malaysia's Sabah state to release the captives in exchange for a ransom of at least five million pesos ($104,000), but the Philippine military learned of the plan and staged covert assaults.

The officer, who said he has been heavily involved in anti-Abu Sayyaf operations, spoke on condition of anonymity.

Lt Gen Vinluan said the rescue of the Indonesian men, the last known hostages held by the Abu Sayyaf, would allow government forces to finish off the ransom-seeking rebels.

"It will just be relentless in a massive and focused military operation because, now, we would not worry about kidnap victims getting hit," Lt Gen Vinluan said.

He said there were about 80 Abu Sayyaf gunmen left in Sulu and outlying island provinces. One of their remaining elderly leaders, Radulan Sahiron, has fallen ill and was wounded in a recent offensive in Sulu, he said.

Sahidjuan, who uses the nom de guerre Apuh Mike, has been blamed for ransom kidnappings since the early 1990s.

He was reportedly among Abu Sayyaf militants who attacked the southern and largely Christian town of Ipil in 1995, where they killed more than 50 people after robbing banks and stores and burnt the town centre.

Abu Sayyaf is a small but violent group that has been separately blacklisted by the Philippines and the US as a terrorist organisation for bombings, ransom kidnappings and beheadings. Some of its factions have aligned themselves with ISIS.

The militants have been considerably weakened by years of military offensives, surrenders and battle setbacks but remain a national security threat.

They set off a security alarm in the region in recent years after they started venturing away from their jungle encampments in Sulu, an impoverished Muslim province in the largely Roman Catholic nation, and staged kidnappings in Malaysian coastal towns and targeted crews of cargo ships.

Company profile

Date started: January, 2014

Founders: Mike Dawson, Varuna Singh, and Benita Rowe

Based: Dubai

Sector: Education technology

Size: Five employees

Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.

Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)

LIST OF INVITEES

Shergo Kurdi (am) 
Rayhan Thomas
Saud Al Sharee (am)
Min Woo Lee
Todd Clements
Matthew Jordan
AbdulRahman Al Mansour (am)
Matteo Manassero
Alfie Plant
Othman Al Mulla
Shaun Norris

Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

It’ll be summer in the city as car show tries to move with the times

If 2008 was the year that rocked Detroit, 2019 will be when Motor City gives its annual car extravaganza a revamp that aims to move with the times.

A major change is that this week's North American International Auto Show will be the last to be held in January, after which the event will switch to June.

The new date, organisers said, will allow exhibitors to move vehicles and activities outside the Cobo Center's halls and into other city venues, unencumbered by cold January weather, exemplified this week by snow and ice.

In a market in which trends can easily be outpaced beyond one event, the need to do so was probably exacerbated by the decision of Germany's big three carmakers – BMW, Mercedes-Benz and Audi – to skip the auto show this year.

The show has long allowed car enthusiasts to sit behind the wheel of the latest models at the start of the calendar year but a more fluid car market in an online world has made sales less seasonal.

Similarly, everyday technology seems to be catching up on those whose job it is to get behind microphones and try and tempt the visiting public into making a purchase.

Although sparkly announcers clasp iPads and outline the technical gadgetry hidden beneath bonnets, people's obsession with their own smartphones often appeared to offer a more tempting distraction.

“It's maddening,” said one such worker at Nissan's stand.

The absence of some pizzazz, as well as top marques, was also noted by patrons.

“It looks like there are a few less cars this year,” one annual attendee said of this year's exhibitors.

“I can't help but think it's easier to stay at home than to brave the snow and come here.”

Buy farm-fresh food

The UAE is stepping up its game when it comes to platforms for local farms to show off and sell their produce.

In Dubai, visit Emirati Farmers Souq at The Pointe every Saturday from 8am to 2pm, which has produce from Al Ammar Farm, Omar Al Katri Farm, Hikarivege Vegetables, Rashed Farms and Al Khaleej Honey Trading, among others. 

In Sharjah, the Aljada residential community will launch a new outdoor farmers’ market every Friday starting this weekend. Manbat will be held from 3pm to 8pm, and will host 30 farmers, local home-grown entrepreneurs and food stalls from the teams behind Badia Farms; Emirates Hydroponics Farms; Modern Organic Farm; Revolution Real; Astraea Farms; and Al Khaleej Food. 

In Abu Dhabi, order farm produce from Food Crowd, an online grocery platform that supplies fresh and organic ingredients directly from farms such as Emirates Bio Farm, TFC, Armela Farms and mother company Al Dahra. 

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Example heady

Blah blah blah

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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

The bio

His favourite book - 1984 by George Orwell

His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard

Favourite place to travel to - Peloponnese, Southern Greece

Favourite movie - The Last Emperor

Favourite personality from history - Alexander the Great

Role Model - My father, Yiannis Davos

 

 

THE SPECS – Honda CR-V Touring AWD

Engine: 2.4-litre 4-cylinder

Power: 184hp at 6,400rpm

Torque: 244Nm at 3,900rpm

Transmission: Continuously Variable Transmission (CVT)

0-100kmh in 9.4 seconds

Top speed: 202kmh

Fuel consumption: 6.8L/100km

Price: From Dh122,900

The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 240hp at 5,500rpm

Torque: 390Nm at 3,000rpm

Transmission: eight-speed auto

Price: from Dh122,745

On sale: now

RESULT

Kolkata Knight Riders 169-7 (20 ovs)
Rajasthan Royals 144-4 (20 ovs)

Kolkata win by 25 runs

Next match

Sunrisers Hyderabad v Kolkata Knight Riders, Friday, 5.30pm

Other IPL batting records

Most sixes: 292 – Chris Gayle

Most fours: 491 – Gautam Gambhir

Highest individual score: 175 not out – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)

Highest strike-rate: 177.29 – Andre Russell

Highest strike-rate in an innings: 422.22 – Chris Morris (for Delhi Daredevils against Rising Pune Supergiant in 2017)

Highest average: 52.16 – Vijay Shankar

Most centuries: 6 – Chris Gayle

Most fifties: 36 – Gautam Gambhir

Fastest hundred (balls faced): 30 – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)

Fastest fifty (balls faced): 14 – Lokesh Rahul (for Kings XI Punjab against Delhi Daredevils in 2018)

 

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 BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now