A top Russian paratroop commander has been killed in Ukraine, state TV in Moscow confirmed, in a further setback for President Vladimir Putin’s war.
Col Sergei Sukharev was “liquidated” by Ukrainian forces, the country’s Centre for Strategic Communication and Information Security said. He is the fourth confirmed Russian general to be taken out since the invasion began, while Ukraine claims it has killed a fifth.
The death of the commander, of the 331st Guards Parachute Assault Regiment from Kostroma, will serve another blow to Mr Putin’s invasion of Ukraine, which analysts say is not going as well as he had hoped. Multiple members of the regiment, considered to be among Russia’s most elite fighting forces, were slain in the same operation.
“Commander of the Kostroma Airborne Regiment, Colonel Sergei Sukharev … got lost in the ‘[military] exercises’, but returned home the right way,” said the Ukrainian statement.
His deputy, Major Sergei Krylov, was killed alongside him, the Ukrainian report said.
Russia admitted that three others, including a senior sergeant and a corporal, were among the dead.
Sukharev was last seen on Russian TV in January, when thousands of troops were massing on Ukraine’s borders amid Kremlin denials of any invasion plans.
The colonel appeared on screens as he led troops back from Kazakhstan where they had been deployed as “peacekeepers” after protests.
On Friday, day 23 of Russia’s full-scale invasion of Ukraine, invading forces expanded their missile strikes to the western city of Lviv.
Andriy Sadovyi, the city’s mayor, said several missiles hit a facility for repairing military planes near the city’s international airport and also damaged a bus repair site.
No casualties were immediately reported in the strikes on Lviv, which has had its population swelled by about 200,000 people seeking refuge from attacks across Ukraine.
Shelling around the capital of Kyiv also continued as the number of refugees estimated to have fled the country exceeded 3.4 million.
Early morning barrages hit a residential building in the Podil neighbourhood of the capital, killing at least one person, according to emergency services, which said 98 people were evacuated from the building. Kyiv's mayor Vitali Klitschko — the former world heavyweight boxing champion turned politician — said 19 were wounded in the shelling
Two others were killed when strikes hit residential and administrative buildings in the eastern city of Kramatorsk, according to the regional governor, Pavlo Kyrylenko.
The death toll for Kyiv since the war began stands at 222, authorities say, including 60 civilians and four children.
Speaking at the scene of the latest attack on the capital on Friday, Mr Klitschko ruled out the possibility that Russian forces could have mistaken the apartment blocks for a military base.
“It’s not a military base,” he said. “It’s just an apartment for civilians.”
Mr Klitschko said he expected Mr Putin’s forces to further pummel the capital as they have done in other cities in Ukraine.
“If you look in Mariupol, if you look in Kharkiv, if you look in other cities, Chernihiv right now, where the civilians will be destroyed, the city will be destroyed, I expect the Russians do it exactly the same in Kyiv.”
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UAE currency: the story behind the money in your pockets
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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