At least 35 students and professors were killed and many more were wounded in an armed attack on Kabul University on Monday, which was claimed by the ISIS group.
Three gunmen stormed the university building on Monday morning, marking the second time in less than two weeks that an educational institution in the capital was targeted by ISIS extremists.
The terror group said two of its fighters carried out the late morning attack.
"Two Islamic State fighters managed to attack a gathering set up by the Afghan government at the Kabul University for the graduation of judges and investigators after completing a course at the university," the group's propaganda arm Amaq said.
"The two fighters targeted the graduates with automatic weapons... then clashed with security forces."
An Afghan soldier told The National that while the campus had been evacuated, many of those wounded remained inside as police faced off with assailants and eventually killed them all.
Blasts continued to be heard sporadically as attackers and security troops faced off for more than five hours.
Students posted accounts of the attack on social media as police surrounded the sprawling campus.
"Please God give me patience. My classmates died or were injured before my eyes," one of the students posted on his Facebook page. "We have also been taken as hostages. No security has arrived."
The Interior Ministry said an explosion preceded the first round of shots.
Kabul University had been receiving threats for nearly three years, an injured professor told The National.
"About three years ago, we were told to be very cautious because the Taliban were trying to attack the university," he said.
The university buildings are fitted with heavy metal doors and windows for such situations and staff and students had been locked in by security forces, said the professor, who has been teaching at the university for five years.
But witnesses said the assailants managed to enter the law faculty building.
ISIS later claimed responsibility the attack, the group's Amaq News Agency said.
In a message posted on Telegram, the group claimed to have "killed and injured 80 Afghan judges, investigators and security personnel" who gathered on completion of a training course.
In a Tweet, Taliban spokesman Zabihullah Mujahid said the group was not behind the university attack.
Video posted on Twitter by the Afghanistan's largest broadcaster, Tolo news, showed students fleeing as gunshots are heard in the background.
"When we heard the attack, everyone panicked and started running around because no one knew what to do," law student Mohammad Wasel told The National.
"A few of us jumped the university walls near our building and escaped to safety."
The attack began as Afghan and Iranian officials were inaugurating a book exhibition at the university, Tolo reported.
"We strongly condemn today's terrorist attack on Kabul University," said President Ashraf Ghani's spokesman, Sediq Sediqqi.
"We fully believe in the strength of our security forces in eliminating the terrorists as soon as possible.
"After their disgraceful defeat of terrorists in Helmand, these groups are now targeting academic institutes."
Kabul was hit in another attack earlier on Monday. A bomb blast in the Khwaja Sabz Posh district wounded a member of the security forces and a civilian.
Kabul police said the Posh district explosion was caused by a magnetic roadside bomb that detonated about 7.35am.
Universities in Kabul are often the targets of militant attacks.
Last year, a bomb outside of the Kabul University campus gates killed eight people. In 2016, gunmen attacked the American University in Kabul, killing 13.
"The recent attacks show that the enemies of Afghanistan see educated Afghans as targets," Ali Doosti, a student who escaped Monday's Kabul attack, told The National.
"They are doing everything in their power to stop our education. When I heard the gunshots today, I thought that these people are against my education."
Mr Doosti said the incident motivated him to "fight back" by completing his education.
"This is the only way we can secure our future and the future of our country," he said.
Last month, ISIS sent a suicide bomber into an education centre in the capital's mainly Shiite neighbourhood of Dasht-e-Barchi, killing 24 students.
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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David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
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SPAIN SQUAD
Goalkeepers Simon (Athletic Bilbao), De Gea (Manchester United), Sanchez (Brighton)
Defenders Gaya (Valencia), Alba (Barcelona), P Torres (Villarreal), Laporte (Manchester City), Garcia (Manchester City), D Llorente (Leeds), Azpilicueta (Chelsea)
Midfielders Busquets (Barcelona), Rodri (Manchester City), Pedri (Barcelona), Thiago (Liverpool), Koke (Atletico Madrid), Ruiz (Napoli), M Llorente (Atletico Madrid)
Forwards: Olmo (RB Leipzig), Oyarzabal (Real Sociedad), Morata (Juventus), Moreno (Villarreal), F Torres (Manchester City), Traore (Wolves), Sarabia (PSG)
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
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
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