An emotional moment for a Bangladeshi soldier as people pay their respects to the victims of the attack on Holey Artisan Bakery, in Dhaka, Bangladesh. AP Photo
An emotional moment for a Bangladeshi soldier as people pay their respects to the victims of the attack on Holey Artisan Bakery, in Dhaka, Bangladesh. AP Photo

Bangladesh politician shocked by son’s role in Dhaka attack



Dhaka // “Stunned and speechless” was how a Bangladeshi politician on Tuesday described his horror on learning his son was among the suspects who murdered 20 hostages – most of them foreigners – at a Dhaka cafe.

Imtiaz Khan Babul said his 22-year-old son Rohan Imtiaz who was killed when commandos stormed the cafe on Saturday, had been a top-scoring student whose behaviour gave no hint he was radicalised before he disappeared last December. He said many young men from wealthy, educated families have been going missing.

“I was stunned and speechless to learn that my son had done such a heinous thing,” said a tearful Mr Babul, an official with the ruling Awami League party.

“I don’t know what changed him. There was nothing that would suggest that he was getting radicalised. He hardly read any religious books.”

His comments came as Bangladeshi police on Tuesday said that one of the men they shot dead during the rescue operation may have been a hostage, not a terrorist.

Police have named five Bangladeshi gunmen who stormed the restaurant in Dhaka’s diplomatic zone late on Friday. Most of the victims in the violence claimed by Islamic State were foreigners, from Italy, Japan, India and the United States.

It was one of the deadliest militant attacks in Bangladesh, where ISIL and Al Qaeda have claimed a series of killings of liberals and members of religious minorities in the past year.

Pictures of five young men clutching guns and grinning in front of a black flag were posted on an ISIL website hours after the attack, along with the claim of responsibility, but despite that, authorities have ruled out a foreign link.

Mr Babul said he had not seen Rohan since he left for India with his wife in December, leaving the couple’s three children in Dhaka.

In the months that followed Rohan’s disappearance, Mr Babul lobbied senior party officials to help find his only son and even scoured the city’s morgues. As he searched, he met other families who had suffered the same fate.

“I met so many parents whose boys had gone missing,” he said. “Even yesterday, one of them was saying that I was lucky that I got the body of my boy. Some of them are not so lucky.”

Mr Babul said he believed his son may have been “brainwashed” on the internet.

Bangladesh’s home minister has said the men behind Friday night’s attack at an upmarket cafe were highly educated and from wealthy families.

Security forces shot dead six men when they stormed the cafe, bringing the all-night siege to an end, while one suspected attacker was taken alive and is being questioned.

Police initially identified all six as suspected attackers, but on Tuesday they said they were looking into whether one was a kitchen worker being held hostage.

Relatives of Saiful Islam Chowkider raised the alarm after recognising the 39-year-old among the pictures of suspected attackers that police released after the siege.

“We protested. We said he was never a militant. He was hardworking man and one of the best pizza and pasta makers in Bangladesh,” Chowkider’s cousin Solaiman said.

“We went to the military, but they would not hand over the body, they said he was a suspect.”

Witnesses say the perpetrators of the attack, which ISIL has claimed, spared the lives of Muslims.

The mostly foreign victims included nine Italians, seven Japanese, a US citizen and a 19-year-old Indian student.

* Agence France-Presse and Reuters

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The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

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Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

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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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Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

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"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

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Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

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