• In May, 24 women, children and babies – including one midwife – were killed when gunmen entered the Dasht-e-Barchi hospital in western Kabul and opened fire. Frederic Bonnot / Médecins Sans Frontières
    In May, 24 women, children and babies – including one midwife – were killed when gunmen entered the Dasht-e-Barchi hospital in western Kabul and opened fire. Frederic Bonnot / Médecins Sans Frontières
  • People react at the scene of an attack at an MSF (Doctors without Borders) clinic in Kabul, Afghanistan. EPA
    People react at the scene of an attack at an MSF (Doctors without Borders) clinic in Kabul, Afghanistan. EPA
  • An Afghan man reacts at the scene after an attack at MSF (Doctors without Borders) clinic in Kabul, Afghanistan. EPA
    An Afghan man reacts at the scene after an attack at MSF (Doctors without Borders) clinic in Kabul, Afghanistan. EPA
  • Babies are taken away by ambulance after gunmen attacked a maternity hospital, in Kabul, Afghanistan. AP Photo
    Babies are taken away by ambulance after gunmen attacked a maternity hospital, in Kabul, Afghanistan. AP Photo
  • People shift injured victims of a suicide bomb attack to a hospital in Jalalabad, Afghanistan. EPA
    People shift injured victims of a suicide bomb attack to a hospital in Jalalabad, Afghanistan. EPA
  • An Afghan security officer carries a baby after gunmen attacked a maternity hospital, in Kabul, Afghanistan. AP Photo
    An Afghan security officer carries a baby after gunmen attacked a maternity hospital, in Kabul, Afghanistan. AP Photo
  • An Afghan man reacts after his relative was killed in an attack at an MSF (Doctors without Borders) clinic in Kabul, Afghanistan. EPA
    An Afghan man reacts after his relative was killed in an attack at an MSF (Doctors without Borders) clinic in Kabul, Afghanistan. EPA
  • Afghan women sit in an ambulance after being rescued by security forces during an attack and gunfire at a hospital in Kabul, Afghanistan. REUTERS
    Afghan women sit in an ambulance after being rescued by security forces during an attack and gunfire at a hospital in Kabul, Afghanistan. REUTERS
  • People shift injured victims of a suicide bomb attack to a hospital in Jalalabad, Afghanistan. EPA
    People shift injured victims of a suicide bomb attack to a hospital in Jalalabad, Afghanistan. EPA
  • Smokes rises from a hospital after gunmen attacked in Kabul, Afghanistan. AP Photo
    Smokes rises from a hospital after gunmen attacked in Kabul, Afghanistan. AP Photo
  • Afghan security forces arrive at the site of an attack in Kabul, Afghanistan. REUTERS
    Afghan security forces arrive at the site of an attack in Kabul, Afghanistan. REUTERS
  • Afghan security personnel arrive at the site of an attack outside a hospital in Kabul. AFP
    Afghan security personnel arrive at the site of an attack outside a hospital in Kabul. AFP
  • An Afghan soldier stands guard near the scene of an attack at an MSF (Doctors without Borders) clinic in Kabul, Afghanistan. EPA
    An Afghan soldier stands guard near the scene of an attack at an MSF (Doctors without Borders) clinic in Kabul, Afghanistan. EPA
  • An Afghan woman is brought to Emergency hospital for medical treatment after she was injured during an attack at an MSF (Doctors without Borders) clinic in Kabul, Afghanistan. EPA
    An Afghan woman is brought to Emergency hospital for medical treatment after she was injured during an attack at an MSF (Doctors without Borders) clinic in Kabul, Afghanistan. EPA
  • Afghan security personnel arrive at the site where gunmen attacked, in Kabul, Afghanistan. AP Photo
    Afghan security personnel arrive at the site where gunmen attacked, in Kabul, Afghanistan. AP Photo

Pompeo urges Kabul and Taliban co-operation after 'appalling' attack


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US Secretary of State Mike Pompeo on Tuesday urged the Afghan government and Taliban to co-operate after deadly attacks on a maternity hospital and a funeral hurt prospects of ending the war.

Mr Pompeo called the twin assaults appalling but said the Taliban, who signed a February 29 accord with the US in his presence in Qatar, denied carrying them out.

“The United States condemns in the strongest terms the two horrific terrorist attacks in Afghanistan today,” he said.

“During the holy month of Ramadan and amid the threat of Covid-19, these dual attacks are particularly appalling.

"We note the Taliban have denied any responsibility and condemned both attacks as heinous.”

Mr Pompeo urged the Taliban and the Afghan government to co-operate to bring the perpetrators to justice.

"As long as there is no sustained reduction in violence and insufficient progress towards a negotiated political settlement, Afghanistan will remain vulnerable to terrorism."

US Secretary of State Mike Pompeo speaking at a news conference at the State Department on April 29, 2020, in Washington,DC. AFP
US Secretary of State Mike Pompeo speaking at a news conference at the State Department on April 29, 2020, in Washington,DC. AFP

ISIS claimed responsibility for the attack on the police officer's funeral in eastern Afghanistan that killed at least 24 people.

The group did not acknowledge the raid on the hospital in Kabul that killed a  further 24 people, including nurses and two newborn babies. Sixteen people were wounded.

Of those evacuated, 21 newborn babies were initially brought to Kabul’s Ataturk Hospital where physician Sayed Fared said their staff were providing medical care.

"One newborn baby had a fractured bone and we referred that baby to the Indira Gandhi Children's hospital," he told The Associated Press. "The other 20 babies are hospitalised here and are in good health and under our observation."

Mr Pompeo called the hospital attack “an act of sheer evil”.

A host of nations and aid groups condemned the Medecins sans Frontieres-run maternity hospital attack.

"I'm shocked and saddened by the horrific attack on a hospital that was providing care and support to mothers and babies in Kabul," said Unicef Executive Director Henrietta Fore.

"My thoughts go out to the families of all those who lost their lives today and to our MSF colleagues during this difficult time. The recent spike in violence in Afghanistan is unacceptable," she added.

EU foreign policy chief Josep Borrell said it was difficult to find words to express the "horrors" of the attack.

"To target and kill mothers, newly born babies and nurses, as well as bereaved and mourning families, are acts of evil and show an appalling degree of inhumanity," he said in a statement.

US President Donald Trump has been looking to end America's longest war and began pulling troops after the accord with the Taliban, who agreed to reduce violence and not target western forces.

But they have kept attacking Afghan troops and in response, President Ashraf Ghani ordered security forces to resume operations against the Taliban and other militants.

The forces of the internationally backed government had previously been reacting only defensively to Taliban attacks.

Shortly after the attacks, Afghan National Security Advisor Hamdullah Mohib said "there seems little point in continuing to engage Taliban in peace talks".

The recent violence could further undermine the peace process after the signing of the deal, which includes the start of talks among key Afghan figures, including government representatives, and the Taliban.

Near-daily attacks have also left Afghan authorities ill-prepared to face the coronavirus pandemic, which has infected more than 4,900 people in the country and killed at least 127.

The US military said it would keep observing its truce with the Taliban.

"The US military will continue to conduct defensive strikes against the Taliban when they attack our partners," said Lt Col Thomas Campbell, a Pentagon spokesman.

"This is going to be a windy, bumpy road but a political agreement is the best way to end the war," he said, quoting a recent statement by Defence Secretary Mark Esper.

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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

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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