PESHAWAR // Two suspected American missile strikes killed 12 alleged militants in a northwestern Pakistan tribal region today, intelligence officials said, a sign the US is unwilling to stop using the unpopular tactic despite heightened tensions between the two countries over recent border incursions by Nato.
The Pakistani Taliban, meanwhile, claimed responsibility for an attack on Nato oil tankers in Pakistan's south, saying they were avenging the killing of three Pakistani border guards by Nato helicopters. In apparent retaliation for the killings, Pakistan has cut off an important US and Nato supply line on its soil.
A surge in reported US drone missile strikes in Pakistan, along with Nato operations along the border suggest Western forces are cracking down on insurgents who move easily across the porous border between Afghanistan and Pakistan, something Islamabad has been slow to do despite pleas from Washington. Pakistan's willingness to block the supply line amid public outrage, however, shows the leverage it has over the US and Nato.
Four suspected US missiles struck a house this morning in Datta Khel village in the North Waziristan tribal region, killing eight suspected militants, the Pakistani intelligence officials said. Four other missiles hit a different house in the area later today, killing four more suspected insurgents, they said. Datta Khel is believed to be a hide-out for Taliban and al Qa'eda fighters accused of targeting Nato and US forces in Afghanistan. Those killed today were believed to be insurgents working for the warlord Hafiz Gul Bahadur.
The three intelligence officials spoke on condition of anonymity because they were not authorized to talk on the record to the media. Over the past five weeks, the US is suspected of launching at least 23 missile strikes in Pakistani territory, an unprecedented number. Western officials say some of the CIA-controlled, drone-fired strikes have been aimed at disrupting a terror plot against European cities.
US officials rarely discuss the covert programme, but have described it in the past as a highly successful tool that has killed some top militant leaders. Pakistan, while formally opposing the missile strikes, is believed to secretly provide intelligence for them. Polls show deep opposition among Pakistani citizens to the strikes, along with a belief that they kill large numbers of civilians. Public outrage has also risen over the recent Nato incursions. On Thursday, two Nato helicopters crossed into the Kurram tribal region and killed three Pakistani paramilitary soldiers who fired warning shots at them from a border post.
Today, some 150 trucks were still waiting for Pakistan to reopen the border crossing at Torkham so they could deliver their supplies to Western troops in Afghanistan. But Pakistan has shown no sign that it plans to allow the trucks to leave its territory, despite the potential strain a lengthy closure would have on its relationship with the US, which provides it with billions of dollars in military and other aid.
A second, smaller border crossing in the southwestern town of Chaman remains open, but Torkham, in the northwest, is considered much more important. The chairman of the US joint chiefs of staff said yesterday that the closure had not yet had an impact on operations in Afghanistan, and he believed the US and Pakistan could settle the rift. Admiral Mike Mullen said in Tucson, Arizona: ""We're working it with them and I believe we'll figure a way to work our way through this."
The closure of the border crossing has coincided with attacks on Nato supply trucks elsewhere in the country, including the burning of some 30 oil tankers early Friday by suspected militants in southern Pakistan's Sindh province. A Pakistani Taliban spokesman, Azzam Tariq, told AP that his organisation was behind the assault in the Shikarpur area, and threatened more attacks, including ones inside the United States.
"We ask the government of Pakistan to cut all the supply routes for Nato, otherwise we will continue targeting Nato's fuel trucks and containers," he told AP by phone. "We condemn the Nato attack on Pakistani forces in Kurram, and this attack proves that Christians and Jews cannot be our friends, and this is what Islam tells us. We will avenge this Nato attack by targeting America. We will carry out attacks inside America."
The Pakistani Taliban is strongest in the northwest, especially in the tribal belt, but has ties to other militant groups throughout the country. If it played a role in the attack on the Nato oil tankers, it might have relied on foot soldiers from militant groups based in Sindh. Gunmen today killed a moderate Islamic scholar, who was the vice chancellor of Swat University, and his assistant, police said. Swat has been the focus of a Pakistani army offensive against the Taliban, and in recent months, several targeted killings of prominent people from the district have raised fears that Islamist militants are trying to make a comeback.
The scholar, Farooq Khan, also worked as a psychiatrist. The gunmen killed him and his assistant at his clinic in the northwest city of Mardan, a police official, Zahoor Khan, said. Farooq Khan was also a member of a committee looking into what to do with a seminary once run by the Swat Taliban chief Maulana Fazlullah, whose whereabouts are unknown.
*AP
SCHEDULE
December 8: UAE v USA (Sharjah Cricket Stadium)
December 9: USA v Scotland (Sharjah Cricket Stadium)
December 11: UAE v Scotland (Sharjah Cricket Stadium)
December 12: UAE v USA (ICC Academy Oval 1)
December 14: USA v Scotland (ICC Academy Oval 1)
December 15: UAE v Scotland (ICC Academy Oval 1)
All matches start at 10am
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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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
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%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A
MEYDAN CARD
6.30pm Maiden Dh165,000 (Dirt) 1,600m
7.05pm Conditions Dh240,000 (D) 1,600m
7.40pm Handicap Dh190,000 (D) 2,000m
8.15pm Handicap Dh170,000 (D) 2,200m
8.50pm The Entisar Listed Dh265,000 (D) 2,000m
9.25pm The Garhoud Sprint Listed Dh265,000 (D) 1,200m
10pm Handicap Dh185,000 (D) 1,400m
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6.30pm Majestic Thunder
7.05pm Commanding
7.40pm Mark Of Approval
8.15pm Mulfit
8.50pm Gronkowski
9.25pm Walking Thunder
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Results:
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Winner: Al Tiryaq, Dane O’Neill (jockey), Abdullah Al Hammadi (trainer).
5.30pm: Al Zahra Handicap (rated 0-45) Dh 80,000 1,400m:
Winner: Fahadd, Richard Mullen, Ahmed Al Mehairbi.
6pm: Al Ras Al Akhdar Maiden Dh80,000 1,600m.
Winner: Jaahiz, Jesus Rosales, Eric Lemartinel.
6.30pm: Al Reem Island Handicap Dh90,000 1,600m.
Winner: AF Al Jahed, Antonio Fresu, Ernst Oertel.
7pm: Al Khubairah Handicap (TB) 100,000 2,200m.
Winner: Empoli, Pat Dobbs, Doug Watson.
7.30pm: Wathba Stallions Cup Handicap Dh80,000 2,200m.
Winner: Shivan OA, Patrick Cosgrave, Helal Al Alawi.
MATCH INFO
Sheffield United 3
Fleck 19, Mousset 52, McBurnie 90
Manchester United 3
Williams 72, Greenwood 77, Rashford 79
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en