The destroyed radio antennas lie on the ground in Maiac, in the Moldovan separatist region of Transnistria on April 26. AP
The destroyed radio antennas lie on the ground in Maiac, in the Moldovan separatist region of Transnistria on April 26. AP
The destroyed radio antennas lie on the ground in Maiac, in the Moldovan separatist region of Transnistria on April 26. AP
The destroyed radio antennas lie on the ground in Maiac, in the Moldovan separatist region of Transnistria on April 26. AP

Explosions in Moldova's region near Ukraine spark fears of Russian incursion


Soraya Ebrahimi
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Two explosions in a radio centre close to the Ukrainian border disabled two powerful broadcast antennas in Moldova’s separatist region of Transnistria, police said on Tuesday.

Transnistria, a strip of land with about 470,000 people, has been under the control of separatists since a 1992 war with Moldova.

Russia stations about 1,500 troops in the breakaway region, nominally as peacekeepers.

Ukrainian officials have expressed concern about Moscow using those soldiers to invade Ukraine, while the threat of renewed fighting over Transnistria worries Moldovan authorities.

They fear Russia will claim it needs to intervene to protect its troops or restore order.

The explosions happened in the small town of Maiac, about 12 kilometres west of the Ukraine border, the region’s Interior Ministry said. No one was hurt, officials said.

The two antennas were used for broadcasting Russian radio shows. No one has claimed responsibility for the blasts.

The US has warned that Russia could launch “false-flag” attacks in nearby nations as a pretext for sending in troops.

On Monday, several explosions, believed to have been caused by rocket-propelled grenades, were reported to have hit the Ministry of State Security in Tiraspol, Transnistria’s capital.

The Security Council of Transnistria reported on Tuesday that there had been three incidents in the region — explosions in Tiraspol on Monday, the ones in Maiac on Tuesday and damage to a military unit in the village of Parcani.

Officials did not offer any details on the military unit incident. But Transnistria’s President, Vadim Krasnoselsky, on Tuesday called for anti-terrorist security measures at a “red level” for 15 days, including setting up checkpoints at the entrances to cities.

Kremlin spokesman Dmitry Peskov said on Tuesday that the situation in Transnistria “elicits concern” in Moscow.

A Ukrainian presidential adviser, Mykhailo Podolyak warned in a tweet that Moldova might be attacked next,

“Bad news: if Ukraine falls tomorrow Russian troops will be at Chisinau’s gates,” he tweeted, referring to Moldova’s capital.

“Good news: Ukraine will definitely ensure strategic security of the region. But we need to work as a team.”

Moldovan President Maia Sandu convened the country’s Supreme Security Council on Tuesday to discuss the incidents.

After the meeting, Ms Sandu said a security analysis indicated that the blasts were caused by “different forces within the region, interested in destabilising the situation".

The Security Council recommended increased border and traffic patrols, and raising the alert level of institutions “responsible for ensuring public order and security.”

“We condemn any challenges and attempts to lure the Republic of Moldova into actions that could jeopardise peace in the country,” Ms Sandu said.

“Chisinau continues to insist on a peaceful settlement of the Transnistrian conflict.

“We will take all necessary measures to prevent escalation, to strengthen the security of the state and to protect our citizens.

“We remain open to continue the dialogue for the settlement of the conflict in the region in a peaceful, diplomatically negotiated manner.”

The UN said Secretary General Antonio Guterres was concerned about the incidents in Transnistria “and urges all concerned to refrain from any statements or actions that could escalate tensions".

UN deputy spokesman Farhan Haq said the world body continued to fully support efforts by the Organisation for Security and Co-operation in Europe to reach a political settlement over the separatist region’s status.

The aim is to create a special status for Transnistria while strengthening Moldova’s independence, sovereignty and territorial integrity.

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.”

UAE tour of the Netherlands

UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match

UAE currency: the story behind the money in your pockets

THE SPECS

Engine: 2.0-litre 4-cylinder turbo

Power: 275hp at 6,600rpm

Torque: 353Nm from 1,450-4,700rpm

Transmission: 8-speed dual-clutch auto

Top speed: 250kph

Fuel consumption: 6.8L/100km

On sale: Now

Price: Dh146,999

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Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WonderTree%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20April%202016%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Muhammad%20Waqas%20and%20Muhammad%20Usman%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Karachi%2C%20Pakistan%2C%20Abu%20Dhabi%2C%20UAE%2C%20and%20Delaware%2C%20US%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Special%20education%2C%20education%20technology%2C%20assistive%20technology%2C%20augmented%20reality%3Cbr%3EN%3Cstrong%3Eumber%20of%20staff%3A%20%3C%2Fstrong%3E16%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EGrowth%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Grants%20from%20the%20Lego%20Foundation%2C%20UAE's%20Anjal%20Z%2C%20Unicef%2C%20Pakistan's%20Ignite%20National%20Technology%20Fund%3C%2Fp%3E%0A
The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

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

Day 1 results:

Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)

Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)

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SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FLIP%204
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The specs

Engine: 3.5-litre twin-turbo V6

Power: 380hp at 5,800rpm

Torque: 530Nm at 1,300-4,500rpm

Transmission: Eight-speed auto

Price: From Dh299,000 ($81,415)

On sale: Now

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Updated: April 27, 2022, 4:41 AM