Pakistani flood affected victims carry photographs of child activist Malala Yousafzai to mark the "Malala Day" in Karachi.
Pakistani flood affected victims carry photographs of child activist Malala Yousafzai to mark the "Malala Day" in Karachi.

Shadow of the Taliban still haunts Swat Valley



Zia Ur Rehman

MINGORA, PAKISTAN // When militants allied to the Pakistani Taliban fired a bullet into the head of a 15-year-old schoolgirl last month, it blew apart government claims that the Pakistani military had returned Swat Valley to the peaceful beauty spot for which the area was once famous.

The Pakistani military drove the Taliban out of the region in July 2009 to end their brutal rule there during which they bombed girls' schools and carried out public executions. But the attack on Malala Yousufzai, a teenage activist for female education, underscored the threat still posed by militants in Pakistan's north-west region.

Yesterday, the United Nations honoured her with "Malala Day", highlighting her struggle for girls' education. She is recovering from her injuries at a hospital in Birmingham, England.

While the shooting of Malala in the town of Mingora was a story that resonated around the world, it was not an isolated case.

Militants loyal to Maulana Fazlullah, also known as the "Radio Mullah", the leader of a banned Pakistani militant group, have carried out several attacks of this nature in recent months, according to tribal leaders and politicians.

"Political elders and leaders of anti-Taliban peace committees of Swat are key targets of the Taliban because they condemned the atrocities of the Taliban during their reign, and assisted law enforcement agencies in the operation against the militants," said Saifullah Khan, a leader of Nekpikhel Qaumi Jirga, an anti-Taliban volunteer force in the Kabal area of Swat.

The most recent alleged Taliban assassination attempt came on November 1 when a Mingora peace committee member was injured. Two Charbagh peace committee members were killed in separate incidents just a week earlier.

Afzal Khan Damghar, a prominent political leader, was also shot dead on July 12 by an unidentified gunman. The violence has done great damage to Swat's reputation as the Switzerland of Asia as its picturesque landscape has been the scene of brutality, especially with the rise of the Taliban in 2008 and 2009.

During this time, militants killed about 1,200 people, according to local media and tribal leaders, while many more were kidnapped or expelled from their homes.

In response, the Pakistani government launched Operation Rah-e-Raast (Right Path) in April 2009.

The government claimed that the three-and-a-half-month campaign, which included air strikes and the use of special forces, drove the militants out of the valley by July 2009.

But the "Radio Mullah", said to be behind much of the destruction, evaded the Pakistani military. Security analysts now claim that Fazlullah and his key lieutenants fled to Afghanistan.

Politicians in Swat such as Sher Shah Khan, a member of parliament from Swat, say that the Taliban's power has been greatly diminished since 2009. "The Taliban are not in a position to regain control in Swat, and will restrict their battle to hit-and-run tactics - an ideal guerrilla warfare approach in the region's rugged terrain," he said.

However, Swat's Taliban spokesman, Sirajuddin, has warned that those who "take sides with the government ... will have to die at our hands".

"Other important people will be our target soon. As for the commoner, things remain normal," he told reporters on October 13 from an undisclosed location.

Although most Swati people believe that the Taliban will not be able to win control of the region, the threat of further attacks haunts many residents.

The militants claim that they still have the capacity to launch attacks from Afghanistan's Kunar and Nuristan provinces, where they are said to be hiding.

"Fazlullah is leading the attacks from Afghanistan's border provinces and is in touch with fighters in Malakand division," Sirajuddin said.

A Pakistani military commander, Ghulam Qamar, said that since February this year, there have been 17 major cross-border incursions where Pakistani Taliban fighters entered Pakistan from Afghanistan to attack Pakistani interests. Media reports suggest that Qari Zia Ur Rehman, a key commander of Al Qaeda who hails from Kunar, and Sheikh Dost Muhammad, a Nuristan-based local Afghan Taliban leader, are hosting and helping the Pakistani militants in Afghanistan's border areas. Mr Rehman is believed to have been once a close confidante of the late Al Qaeda chief, Osama bin Laden, and hosted him once after his escape from the Tora Bora mountains in 2001.

According to media reports, Pakistan has shared information with Afghanistan on the issue of Fazalullah's alleged involvement in the attack on Malala. Pakistan has requested that Afghanistan hand over Fazlullah, claiming that he was involved in planning major attacks in the country from across the border.

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Company name: Klipit

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Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

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Funding: $4 million

Investors: Privately/self-funded

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Founder: Jacqueline Perrottet
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On sale: September

Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix

GP3 qualifying, 10:15am

Formula 2, practice 11:30am

Formula 1, first practice, 1pm

GP3 qualifying session, 3.10pm

Formula 1 second practice, 5pm

Formula 2 qualifying, 7pm

DIVINE INTERVENTOIN

Starring: Elia Suleiman, Manal Khader, Amer Daher

Director: Elia Suleiman

Rating: 4.5/5

Company profile

Company name: Nestrom

Started: 2017

Co-founders: Yousef Wadi, Kanaan Manasrah and Shadi Shalabi

Based: Jordan

Sector: Technology

Initial investment: Close to $100,000

Investors: Propeller, 500 Startups, Wamda Capital, Agrimatico, Techstars and some angel investors

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Dir: Guy Nattiv

Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga

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The specs

Engine: 6-cylinder, 4.8-litre
Transmission: 5-speed automatic and manual
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UAE athletes heading to Paris 2024

Equestrian
Abdullah Humaid Al Muhairi, Abdullah Al Marri, Omar Al Marzooqi, Salem Al Suwaidi, and Ali Al Karbi (four to be selected).
Judo
Men: Narmandakh Bayanmunkh (66kg), Nugzari Tatalashvili (81kg), Aram Grigorian (90kg), Dzhafar Kostoev (100kg), Magomedomar Magomedomarov (+100kg); women's Khorloodoi Bishrelt (52kg).

Cycling
Safia Al Sayegh (women's road race).

Swimming
Men: Yousef Rashid Al Matroushi (100m freestyle); women: Maha Abdullah Al Shehi (200m freestyle).

Athletics
Maryam Mohammed Al Farsi (women's 100 metres).

UAE currency: the story behind the money in your pockets
GROUP RESULTS

Group A
Results

Ireland beat UAE by 226 runs
West Indies beat Netherlands by 54 runs

Group B
Results

Zimbabwe tied with Scotland
Nepal beat Hong Kong by five wickets

The specs

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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

PETER PAN & WENDY

Director: David Lowery

Stars: Alexander Molony, Ever Anderson, Joshua Pickering

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Teri Baaton Mein Aisa Uljha Jiya

Directors: Amit Joshi and Aradhana Sah

Cast: Shahid Kapoor, Kriti Sanon, Dharmendra, Dimple Kapadia, Rakesh Bedi

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Griselda

Director: Andrés Baiz

Starring: Sofía Vergara, Alberto Guerra, Juliana Aiden Martinez

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'Ashkal'

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Stars: Fatma Oussaifi and Mohamed Houcine Grayaa

Rating: 4/5

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

Opening day UAE Premiership fixtures, Friday, September 22:

  • Dubai Sports City Eagles v Dubai Exiles
  • Dubai Hurricanes v Abu Dhabi Saracens
  • Jebel Ali Dragons v Abu Dhabi Harlequins

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.”