• US Marines keep watch as unseen Afghan National Army soldiers participate in an IED (improvised explosive device) training exercise at the Shorab Military Camp in 2017. AFP
    US Marines keep watch as unseen Afghan National Army soldiers participate in an IED (improvised explosive device) training exercise at the Shorab Military Camp in 2017. AFP
  • US troops patrol at an Afghan army Base in Logar province on August 7, 2018. Reuters
    US troops patrol at an Afghan army Base in Logar province on August 7, 2018. Reuters
  • US soldiers patrol a street in central Kabul December 11, 2004. Reuters
    US soldiers patrol a street in central Kabul December 11, 2004. Reuters
  • US troops under Afghanistan's International Security Assistance Force, and Afghan National Army soldiers conduct a joint security patrol in the centre of Kandalay village. AFP
    US troops under Afghanistan's International Security Assistance Force, and Afghan National Army soldiers conduct a joint security patrol in the centre of Kandalay village. AFP
  • US troops patrol at an Afghan National Army (ANA) base in Logar province, Afghanistan in 2018. Reuters
    US troops patrol at an Afghan National Army (ANA) base in Logar province, Afghanistan in 2018. Reuters
  • US Army soldiers patrol in the village of Chariagen in the Panjwai district of Kandahar province southern Afghanistan in 2011. Reuters
    US Army soldiers patrol in the village of Chariagen in the Panjwai district of Kandahar province southern Afghanistan in 2011. Reuters
  • Afghan residents chat with US. Army Lieutenant Steven Gibbs as he patrols with his platoon in Pul-e Alam, a town in Logar province, eastern Afghanistan in 2011. Reuters
    Afghan residents chat with US. Army Lieutenant Steven Gibbs as he patrols with his platoon in Pul-e Alam, a town in Logar province, eastern Afghanistan in 2011. Reuters
  • US soldiers gather during an exercise at the Kandahar airbase in Afghanistan in 2005. Reuters
    US soldiers gather during an exercise at the Kandahar airbase in Afghanistan in 2005. Reuters
  • U.S. Army soldiers with 1st Brigade, 1st Cavalry Division stand near their armored vehicles before they start their journey home at Contingency Operating Site Kalsu, south of Baghdad, Iraq. AP
    U.S. Army soldiers with 1st Brigade, 1st Cavalry Division stand near their armored vehicles before they start their journey home at Contingency Operating Site Kalsu, south of Baghdad, Iraq. AP
  • A handout photo made available by the US Marine Corps shows US Marines inside the perimeter of Al Asad Air Base in Iraq. EPA
    A handout photo made available by the US Marine Corps shows US Marines inside the perimeter of Al Asad Air Base in Iraq. EPA
  • A US soldier is seen during a handover ceremony of Taji military base from US-led coalition troops to Iraqi security forces, in the base north of Baghdad, Iraq August 23, 2020. Reuters
    A US soldier is seen during a handover ceremony of Taji military base from US-led coalition troops to Iraqi security forces, in the base north of Baghdad, Iraq August 23, 2020. Reuters
  • US soldiers have been in Iraq for nearly two decades. AFP
    US soldiers have been in Iraq for nearly two decades. AFP
  • US soldiers are seen during a handover ceremony of Taji military base from US-led coalition troops to Iraqi security forces, in the base north of Baghdad, Iraq on August 23, 2020. Reuters
    US soldiers are seen during a handover ceremony of Taji military base from US-led coalition troops to Iraqi security forces, in the base north of Baghdad, Iraq on August 23, 2020. Reuters

US troop withdrawal from Afghanistan risks international terrorism resurgence: Nato Chief


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  • Arabic

Nato troops will not be leaving Afghanistan in the near future as the risk of terrorism is still extremely high, the organisation's Secretary General said on Tuesday, as the US is expected to cut its troop number in half by January.

Afghanistan currently hosts an estimated 5,000 US troops, but President Donald Trump is poised to cut numbers by January 15, when Joe Biden takes office, a US defence official said.

US Central Command has received an informal warning order, according to the official.

The drawdown isn't unexpected. Nineteen years after overthrowing the Taliban, the US signed an agreement with the Taliban earlier this year in an effort to end the war in Afghanistan, which included a reduction in troop numbers.

However, this hasty withdrawal has left US allies in the North Atlantic Treaty Organisation in a difficult position. Nato supported the 2001 invasion, and has 12,000 multinational troops stationed in Afghanistan.

Nato Secretary General Jens Stoltenberg said withdrawing troops from Afghanistan prematurely risks a resurgence of international terrorism and reaffirmed that the alliance of 30 nation remains committed to Afghanistan.

"We now face a difficult decision," Mr Stoltenberg said in a statement shared with The National, adding that no Nato member wants to stay longer than required.

“But at the same time, the price for leaving too soon or in an unco-ordinated way could be very high,” he said, pointing out that several hundred thousand troops from Europe and beyond stood shoulder-to-shoulder with American troops in Afghanistan, and “over one thousand of them have paid the ultimate price”.

“Afghanistan risks becoming once again a platform for international terrorists to plan and organise attacks on our homelands. And ISIS could rebuild in Afghanistan the terror caliphate it lost in Syria and Iraq,” he said.

As a consequence, Nato troops will remain in Afghanistan, he said.

“Even with further US reductions, Nato will continue its mission to train, advise and assist the Afghan security forces,” he said, adding the organisation was committed to funding Afghan forces through to 2024.

Although reassuring, Nato support may not be sufficient following US withdrawal, Dr Jack Watling, research fellow at Royal United Services Institute for Defence and Security Studies, explained.

“The Nato mission is largely on bases delivering training to Afghan forces, and not fighting in combat alongside Afghans.

“So if the US significantly withdraws troops, then Afghans will lose the US forces fighting alongside and a lot of the air support, making them less combat effective in their engagement,” he said. But, Nato presence will prevent Taliban from penetrating certain territories, and perhaps might motivate some of the units to step up, he added.

Nato may eventually consider a slow rolling back of their troops if they feel Afghan forces are able to weather the storm, Mr Watling said.

“Nato doesn’t want to abandon their partners, nor do they want to abandon all the work they’ve done in terms of developing training facilities in the country,” he said.

In Kabul, Acting Defence Minister Asadullah Khalid told the Afghan parliament on Tuesday there was no concern about the complete withdrawal of foreign troops.

“I don’t see any clear indication that the US or Nato forces will fully withdraw from the country,” Mr Khalid said. “Some other countries in Nato are still considering whether to remain or leave,” he said, noting Afghan forces were in charge of 96 per cent of operations across the country and only 4 per cent of those need foreign air support.

Mr Stoltenberg has also talked with the new acting US Defence Secretary Christopher Möller and conveyed their concerns and reaffirmed commitments to Afghanistan: “We went into Afghanistan together. And when the time is right, we should leave together in a co-ordinated and orderly way. I count on all Nato allies to live up to this commitment, for our own security.”

Trump visits Afghanistan in November 2019

  • President Donald Trump with Afghan President Ashraf Ghani and Joint Chiefs Chairman Gen Mark Milley addresses members of the military during a surprise Thanksgiving Day visit at Bagram Air Field, Afghanistan. AP
    President Donald Trump with Afghan President Ashraf Ghani and Joint Chiefs Chairman Gen Mark Milley addresses members of the military during a surprise Thanksgiving Day visit at Bagram Air Field, Afghanistan. AP
  • Trump's visit to Bagram Airfield outside Kabul was brief. Reuters
    Trump's visit to Bagram Airfield outside Kabul was brief. Reuters
  • President Donald Trump said o the US had resumed talks with Taliban insurgents as he made a surprise trip to Afghanistan to celebrate the Thanksgiving holiday with troops. Reuters
    President Donald Trump said o the US had resumed talks with Taliban insurgents as he made a surprise trip to Afghanistan to celebrate the Thanksgiving holiday with troops. Reuters
  • A US soldier looks through night vision goggles while riding with the Presidential Motorcade. Reuters
    A US soldier looks through night vision goggles while riding with the Presidential Motorcade. Reuters
  • US President Donald Trump shakes hands with Joint Chiefs Chairman General Mark Milley before addressing the troops at Bagram Air Field during a surprise Thanksgiving day visitin Afghanistan. AFP
    US President Donald Trump shakes hands with Joint Chiefs Chairman General Mark Milley before addressing the troops at Bagram Air Field during a surprise Thanksgiving day visitin Afghanistan. AFP
  • On a brief visit to Bagram Airfield outside the capital Kabul, Mr Trump served turkey dinner to soldiers, posed for photographs and delivered a speech. AFP
    On a brief visit to Bagram Airfield outside the capital Kabul, Mr Trump served turkey dinner to soldiers, posed for photographs and delivered a speech. AFP
  • Afghan's President Ashraf Ghani shakes hands with US President Donald Trump. AFP
    Afghan's President Ashraf Ghani shakes hands with US President Donald Trump. AFP
  • Soldiers take pictures of US President Donald Trump. AFP
    Soldiers take pictures of US President Donald Trump. AFP
  • About 13,000 US troops remain in Afghanistan, 18 years after the United States invaded after the September 11, 2001 attacks. Trump said he planned to reduce the number to 8,600 without giving further details.
    About 13,000 US troops remain in Afghanistan, 18 years after the United States invaded after the September 11, 2001 attacks. Trump said he planned to reduce the number to 8,600 without giving further details.
  • US President Donald Trump poses for selfies. AFP
    US President Donald Trump poses for selfies. AFP
  • US President Donald Trump serves Thanksgiving dinner. AFP
    US President Donald Trump serves Thanksgiving dinner. AFP
  • President Donald Trump, left, listens as Afghan President Ashraf Ghani. AP
    President Donald Trump, left, listens as Afghan President Ashraf Ghani. AP
  • President Donald Trump speaks during a surprise Thanksgiving Day visit to the troops at Bagram Air Field, Afghanistan. AP
    President Donald Trump speaks during a surprise Thanksgiving Day visit to the troops at Bagram Air Field, Afghanistan. AP
  • U.S. President Donald Trump eats dinner with US troops. AP
    U.S. President Donald Trump eats dinner with US troops. AP

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.”

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EShaffra%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2023%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDIFC%20Innovation%20Hub%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Emetaverse-as-a-Service%20(MaaS)%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3Ecurrently%20closing%20%241.5%20million%20seed%20round%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-seed%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%20Abu%20Dhabi%20and%20different%20PCs%20and%20angel%20investors%20from%20Saudi%20Arabia%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3Enine%3C%2Fp%3E%0A
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M3%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%2FUSB-4%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206E%2C%20Bluetooth%205.3%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Midnight%2C%20silver%2C%20space%20grey%2C%20starlight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%2F35W%20dual-port%2F70w%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%2C%202%20Apple%20stickers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C599%3C%2Fp%3E%0A
Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

FROM%20THE%20ASHES
%3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
The bio

Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district

Was a middle distance state athletics champion in school

Enjoys driving to Fujairah and Ras Al Khaimah with family

His dream is to continue working as a social worker and help people

Has seven diaries in which he has jotted down notes about his work and money he earned

Keeps the diaries in his car to remember his journey in the Emirates

The years Ramadan fell in May

1987

1954

1921

1888

The biog

Favourite food: Tabbouleh, greek salad and sushi

Favourite TV show: That 70s Show

Favourite animal: Ferrets, they are smart, sensitive, playful and loving

Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can

Name of first pet: Eddy, a Persian cat that showed up at our home

Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: eight-speed automatic

Power: 582bhp

Torque: 730Nm

Price: Dh649,000

On sale: now  

Juventus v Napoli, Sunday, 10.45pm (UAE)

Match on Bein Sports

'Cheb%20Khaled'
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COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

STAR%20WARS%20JEDI%3A%20SURVIVOR
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Respawn%20Entertainment%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Electronic%20Arts%3Cbr%3E%3Cstrong%3EConsoles%3A%3C%2Fstrong%3E%20PC%2C%20Playstation%205%2C%20Xbox%20Series%20X%20and%20S%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
UAE squad to face Ireland

Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind