A handout photo taken on September 18, 2014, shows Australian federal police officers detaining a suspect in Sydney in Australia's largest ever counter-terrorism raids which arrested 15 people. AFP Photo
A handout photo taken on September 18, 2014, shows Australian federal police officers detaining a suspect in Sydney in Australia's largest ever counter-terrorism raids which arrested 15 people. AFP Photo
A handout photo taken on September 18, 2014, shows Australian federal police officers detaining a suspect in Sydney in Australia's largest ever counter-terrorism raids which arrested 15 people. AFP Photo
A handout photo taken on September 18, 2014, shows Australian federal police officers detaining a suspect in Sydney in Australia's largest ever counter-terrorism raids which arrested 15 people. AFP Ph

Australia foils alleged ISIL ‘demonstration killings’ plot


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SYDNEY // Police said they thwarted a plot to carry out beheadings in Australia by ISIL supporters by arresting 15 people and raiding more than a dozen properties across Sydney yesterday.

The raids involving 800 federal and state police officers – the largest in the country’s history – came in response to intelligence that an ISIL leader in the Middle East was calling on Australian supporters to kill, Tony Abbott, the prime minister, said.

There were reports that the detainees were planning to behead a random person in Sydney.

“That’s the intelligence we received,” Mr Abbott said. “The exhortations – quite direct exhortations – were coming from an Australian who is apparently quite senior in ISIL to networks of support back in Australia to conduct demonstration killings here in this country.”

The raids came just days after the country raised its terrorism threat to the second-highest level in response to the domestic threat posed by ISIL supporters.

The attorney general George Brandis confirmed that a person born in Afghanistan who had spent time in Australia and is now working with ISIL ordered supporters in Australia to behead people and videotape the executions.

“If the ... police had not acted today, there is a likelihood that this would have happened,” Mr Brandis said.

Mr Abbott and Mr Brandis did not name the Australian. But Mohammad Ali Baryalei, who is believed to be Australia’s most senior member of ISIL, was named as a co-conspirator in court documents filed yesterday.

Police have issued an arrest warrant for the 33-year-old former Sydney nightclub bouncer.

One of those detained, Omarjan Azari, 22, of Sydney, appeared briefly in a Sydney court yesterday.

Prosecutor Michael Allnutt said Mr Azari was involved in a plan to “gruesomely” kill a randomly selected person – something that was “clearly designed to shock and horrify” the public. That plan involved an “unusual level of fanaticism”.

Mr Azari is charged with conspiracy to prepare for a terrorist attack. The potential penalty was not immediately clear.

In court documents, Mr Azari was accused of conspiring with Baryalei and others between May and September to prepare for a terrorist attack. Allnutt said the charge stemmed from the interception of a phone call a couple days ago.

Mr Azari did not apply for bail and did not enter a plea. His next court appearance was set for November 13.

Police declined to reveal exact details of the attack they believe was being plotted. New South Wales police commissioner Andrew Scipione said only that it was to be carried out against a member of the public on the street and was at “a very high level”.

“Right now is a time for calm,” Mr Scipione said. “We need to let people know that they are safe, and certainly from our perspective, we know that the work this morning will ensure that all of those plans that may have been on foot have been thwarted.”

Separate raids were conducted yesterday in Brisbane and Logan. Last week, Australian police arrested two men in Brisbane for allegedly preparing to fight in Syria, recruiting militants and raising money for Al Qaeda’s Syria offshoot Jabhat Al Nusra.

Australia has estimated about 60 of its citizens are fighting for ISIL and Al Nusra in Iraq and Syria. Another 15 Australian fighters had been killed, including two young suicide bombers.

The government has said it believes about 100 Australians are actively supporting extremist groups from within Australia, recruiting fighters and grooming suicide bomber candidates as well as providing funds and equipment.

A Sydney money transfer business owned by the sister and brother-in-law of convicted terrorist Khaled Sharrouf, an ISIL fighter, had its licence suspended this week on suspicion it had been sending 1 million Australian dollars (Dh3.3 million) a month to the Middle East to finance terrorism, said John Schimdt, chief executive of the industry regulator and corruption watchdog AUSTRAC.

* Associated Press

The%20specs
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F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

ICC Awards for 2021

MEN

Cricketer of the Year – Shaheen Afridi (Pakistan)

T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)

ODI Cricketer of the Year – Babar Azam (Pakistan)

Test Cricketer of the Year – Joe Root (England)

WOMEN

Cricketer of the Year – Smriti Mandhana (India)

ODI Cricketer of the Year – Lizelle Lee (South Africa)

T20 Cricketer of the Year – Tammy Beaumont (England)

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero

MATCH INFO

West Ham United 2 (Antonio 73', Ogbonna 90 5')

Tottenham Hotspur 3 (Son 36', Moura 42', Kane 49')

Ahmed Raza

UAE cricket captain

Age: 31

Born: Sharjah

Role: Left-arm spinner

One-day internationals: 31 matches, 35 wickets, average 31.4, economy rate 3.95

T20 internationals: 41 matches, 29 wickets, average 30.3, economy rate 6.28

BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

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.”

BUNDESLIGA FIXTURES

Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

 

 

Brief scores:

Pakistan (1st innings) 181: Babar 71; Olivier 6-37

South Africa (1st innings) 223: Bavuma 53; Amir 4-62

Pakistan (2nd innings) 190: Masood 65, Imam 57; Olivier 5-59

Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

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