Turkish soldiers stand with a tank and an armoured vehicle on the outskirts of Suruc, Turkey, overlooking smoke rising from a strike in Kobani, Syria on October 9. Lefteris Pitarakis / AP
Turkish soldiers stand with a tank and an armoured vehicle on the outskirts of Suruc, Turkey, overlooking smoke rising from a strike in Kobani, Syria on October 9. Lefteris Pitarakis / AP
Turkish soldiers stand with a tank and an armoured vehicle on the outskirts of Suruc, Turkey, overlooking smoke rising from a strike in Kobani, Syria on October 9. Lefteris Pitarakis / AP
Turkish soldiers stand with a tank and an armoured vehicle on the outskirts of Suruc, Turkey, overlooking smoke rising from a strike in Kobani, Syria on October 9. Lefteris Pitarakis / AP

Bloodshed in Kobani forces Turkey to choose between foes


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ISTANBUL // The political head of the Kurdish group fighting ISIL in Kobani has accused Turkey of failing to fulfil a pledge to deliver aid to the embattled Syrian town.

Salih Muslim, leader of the Democratic Union Party (PYD), said that Ankara could save the town from the ISIL onslaught if it allowed military and humanitarian assistance to reach it from other Kurdish areas.

"All we're asking is for them to open the way to allow us to help our own people. That would be enough and more than enough to save Kobani," he told The National on Thursday.

Ankara has only delivered a single lorry of medical aid to the besieged town despite Turkish officials having assured him of more assistance in talks earlier this month, Mr Muslim said.

“They promised us all kinds of help. This is not what we were expecting.”

Officials in Ankara did not respond to requests for comment, however local officials at the border confirmed to the AFP news agency on Thursday that they had begun detaining and fingerprinting anyone crossing, on suspicion they were fighters.

Turkey has accepted an influx of 200,000 refugees from Kobani, but has so far refused to allow the Kurds to reinforce the town or provide broader military support against ISIL.

Ankara’s decision rests on fears of becoming further embroiled in Syria’s civil war, its hostility to the PYD, which has close links with Turkish Kurdish rebels, and a desire to push its Western allies into toppling the regime of Bashar Al Assad.

“The Assad regime is the cause of instability in the region and has created the environment for radical terrorist groups,” Turkish foreign minister Mevlut Cavusoglu said on Thursday.

Turkey would play its part in the coalition against ISIL, he said, but only if its allies signed up to a broader strategy to address the chaos in Syria.

“It’s not realistic to expect that Turkey will lead a ground operation on its own.”

In the past two days, however, the price of Ankara’s inaction in Kobani has risen steeply.

Turkey is witnessing its deadliest riots in more than a decade, as Kurds have risen up in fury at what they see as their government’s complicity in the town’s fate.

Twenty-three people died in protests across the Kurdish-populated south-east this week and the unrest still simmered on Thursday.

Most of the deaths occurred when protesters clashed with Islamist groups and Turkish nationalists.

The government issued curfew orders, and troops and armoured personnel carriers rolled onto the streets of Kurdish-majority cities in scenes reminiscent of the 1990s, when the separatist PKK fought an insurgency against the Turkish state.

The violence, and the likely fall of Kobani to ISIL, could also derail an 18-month-old peace process between Ankara and the PKK.

By saving Kobani, however, Ankara risks empowering an organisation closely linked to the PKK, and also provoking retaliation from ISIL, which already controls about 200-kilometres of Turkey’s 900-kilometre border with Syria and is believed to have a substantial network within the county.

“[The government is] basically frozen in fear, because any solution they can come up with creates a whole array of other problems for them,” said Steven Cook, a Washington-based Turkey expert at the Council on Foreign Relations.

“The more they dither, the more they are going to find themselves confronting bigger security challenges.”

Turkey’s ruling Justice and Development Party (AKP) may view the prospect of a de-facto Kurdish mini-state on its Syrian border as more threatening to its long-term security than ISIL.

Some of the party’s support base may even sympathise with the movement. In a survey by Turkish polling firm Metropoll conducted in mid-September, 25 per cent of AKP respondents said that Turkey should not cooperate with regional and world powers against ISIL.

“The threat perception of the AKP leadership is not the same as many Turks,” said Suat Kiniklioglu, executive director of STRATIM, an Ankara-based foreign policy think tank.

In a tweet since deleted, AKP MP Emrullah Isler wrote on Wednesday that killings by Kurdish pro-PKK protesters were worse than those by ISIL, since the group ‘kills but doesn’t torture,’ an assertion contradicted by numerous testimonies from former ISIL prisoners.

“Turkey does not want a repeat scenario as it happened in Iraq,” Mr Kiniklioglu added, referring to the broad autonomy won by that country’s Kurdish region after the 1991 Gulf War.

“It is trying to squeeze the Kurdish leadership in Syria to agree to fight Assad and not form an autonomous entity there,” he added.

Equally, Ankara has understandable concerns about taking any action as part of a coalition it fears has only limited commitment to Syria’s future.

“There’s a view in Ankara that the allies are not there for the long run, but that Turkey will always have Syria on its border,” says Wolfgango Piccoli, a London-based Turkey expert at global risk advisory firm Teneo.

“They’ve seen this movie before — most notably in Iraq.”

On Thursday however, despite intensified allied airstrikes on ISIL positions around Kobani, the ISIL militants had wrested control of a third of the town, according to monitoring group the Syrian Observatory on Human Rights.

With its fall now seeming likely, Ankara may have limited time to wring concessions from its allies.

Many observers fear that even if it now changes course and assists the town, it may be too late to regain the trust of its 15 million strong Kurdish minority, many of whom view the town as an extension of their own homeland.

“Now it’s too late,” said Mr Piccoli. “Even if there’s a shift in policy it will be difficult to regain the trust of the Kurds and make sure that the peace process continues.”

foreign.desk@thenational.ae

The biog

Hobbies: Salsa dancing “It's in my blood” and listening to music in different languages

Favourite place to travel to: “Thailand, as it's gorgeous, food is delicious, their massages are to die for!”  

Favourite food: “I'm a vegetarian, so I can't get enough of salad.”

Favourite film:  “I love watching documentaries, and am fascinated by nature, animals, human anatomy. I love watching to learn!”

Best spot in the UAE: “I fell in love with Fujairah and anywhere outside the big cities, where I can get some peace and get a break from the busy lifestyle”

Cultural fiesta

What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421,  Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day. 

MATCH INFO

England 2
Cahill (3'), Kane (39')

Nigeria 1
Iwobi (47')

If you go:
The flights: Etihad, Emirates, British Airways and Virgin all fly from the UAE to London from Dh2,700 return, including taxes
The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
Harry Potter and the Cursed Child is on now at the Palace Theatre. Tickets need booking significantly in advance
Entrance to the Harry Potter exhibition at the House of MinaLima is free
The hotel: The grand, 1909-built Strand Palace Hotel is in a handy location near the Theatre District and several of the key Harry Potter filming and inspiration sites. The family rooms are spacious, with sofa beds that can accommodate children, and wooden shutters that keep out the light at night. Rooms cost from £170 (Dh808).

Men's football draw

Group A: UAE, Spain, South Africa, Jamaica

Group B: Bangladesh, Serbia, Korea

Group C: Bharat, Denmark, Kenya, USA

Group D: Oman, Austria, Rwanda

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.”

World ranking (at month’s end)
Jan - 257
Feb - 198
Mar - 159
Apr - 161
May - 159
Jun – 162
Currently: 88

Year-end rank since turning pro
2016 - 279
2015 - 185
2014 - 143
2013 - 63
2012 - 384
2011 - 883

Profile

Company name: Jaib

Started: January 2018

Co-founders: Fouad Jeryes and Sinan Taifour

Based: Jordan

Sector: FinTech

Total transactions: over $800,000 since January, 2018

Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups

Where to buy

Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.com

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 
The specs: 2018 Maserati Ghibli

Price, base / as tested: Dh269,000 / Dh369,000

Engine: 3.0-litre twin-turbocharged V6

Transmission: Eight-speed automatic

Power: 355hp @ 5,500rpm

Torque: 500Nm @ 4,500rpm

Fuel economy, combined: 8.9L / 100km

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Saudi Cup race day

Schedule in UAE time

5pm: Mohamed Yousuf Naghi Motors Cup (Turf), 5.35pm: 1351 Cup (T), 6.10pm: Longines Turf Handicap (T), 6.45pm: Obaiya Arabian Classic for Purebred Arabians (Dirt), 7.30pm: Jockey Club Handicap (D), 8.10pm: Samba Saudi Derby (D), 8.50pm: Saudia Sprint (D), 9.40pm: Saudi Cup (D)

'Nope'
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jordan%20Peele%0D%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Daniel%20Kaluuya%2C%20Keke%20Palmer%2C%20Brandon%20Perea%2C%20Steven%20Yeun%0D%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A

Manchester City transfers:

OUTS
Pablo Zabaleta, Bacary Sagna, Gael Clichy, Willy Caballero and Jesus Navas (all released)

INS
Ederson (Benfica) £34.7m, Bernardo Silva (Monaco) £43m 

ON THEIR WAY OUT?
Joe Hart, Eliaquim Mangala, Samir Nasri, Wilfried Bony, Fabian Delph, Nolito and Kelechi Iheanacho

ON THEIR WAY IN?
Dani Alves (Juventus), Alexis Sanchez (Arsenal)
 

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Scores

Rajasthan Royals 160-8 (20 ov)

Kolkata Knight Riders 163-3 (18.5 ov)

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000