Iraqi Kurds demonstrate on August 24, 2011 against recent Turkish bombardment of border villages outside the Turkish consulate in the northern Iraqi city of Arbil.
Iraqi Kurds demonstrate on August 24, 2011 against recent Turkish bombardment of border villages outside the Turkish consulate in the northern Iraqi city of Arbil.

Report says former Turkey general admits mistakes with PKK



ISTANBUL // Despite a wave of airstrikes in northern Iraq that has killed up to 100 Kurdish rebels in the past week, the Turkish military was facing increased pressure at home yesterday as a former chief of general staff was reported to have admitted to serious flaws in the fight against Kurdish militants.

"Our situation is a complete shame," Gen Isik Kosaner told a closed meeting of officers before his resignation late last month, according to quotes from a recording of the speech posted on the internet and carried yesterday by all major newspapers in Turkey. Neither the retired general nor the general staff or the government commented on the reported speech.

On Tuesday, the general staff said its air strikes on northern Iraqi installations of the Kurdistan Workers' Party, or PKK, a rebel group fighting for Kurdish self-rule in Turkey since 1984, had been a success. The air strikes, started after a deadly rebel attack in south-eastern Turkey on August 17, had killed 90 to 100 rebels and wounded more than 80 PKK members, the general staff said on its website. The PKK denied the claims, saying only three of its fighters had died and that at least seven civilians in northern Iraq had been killed.

The image of a modern fighting force hitting enemies beyond Turkey's borders with deadly precision was also undercut by the reports about Gen Kosaner's speech yesterday. One newspaper, Bugun, commented that the general's words were scandalous.

Tens of thousands of people have been killed and millions made homeless since the PKK, regarded as a terrorist organisation by Turkey and the West, took up arms against Ankara almost 30 years ago. Even though the number of PKK fighters is estimated at less than 5,000, the Turkish military, the second biggest fighting force in Nato after the US armed forces, has been unable to defeat the rebels.

The reported speech of Gen Kosaner offered some insight into possible reasons why that is so.

In one example, he confirmed that officers watched a PKK attack on a military outpost in south-eastern Anatolia last year almost in real-time through footage supplied by an unmanned spy aircraft in the region, but failed to mount a quick response due to "a lack of coordination". Seven soldiers died in the attack. At the time, the military rejected media reports about failures in connections with the incident.

The recorded speech also included complaints by Gen Kosaner about officers leaving their men during clashes with Kurdish rebels and about a lack of records about minefields in the Kurdish area. "That is very dangerous," he said about the mines. "Who buried the mines? It was us." In another part of the speech the general said ten people stepped on mines. Gen Kosaner also said a lack of training had led to soldiers being killed by friendly fire.

In a country that has long worshipped its armed forces and where civilian control over the military has been much weaker than in countries of the European Union, which Turkey wants to join, the reported speech became the number on item in many news outlets yesterday. "Unbelievable confessions", ran the headline of the Zaman newspaper.

"It is going to erode further the image of the military," Yavuz Baydar, a columnist for the Sabah newspaper and a long-time observer of Turkish politics, told The National in a telephone interview yesterday.

Referring to judicial investigations into suspected coup plots hatched within the armed forces and a series of news reports about mistakes by the military leadership in recent operations against the PKK, Baydar spoke of an "ongoing de-mythification process" regarding the Turkish military. "We are in the final stages of this process."

He said the fact that the latest revelations reportedly came from Gen Kosaner himself meant that they would be taken much more seriously than mere news reports. "The effect will be much more powerful", he said. Gen Kosaner's reported self-criticism also demonstrated that the military had to undergo big changes. "The whole story shows the huge need of reform of this institution."

Gen Kosaner resigned along with most of the other members of the former general staff of the strictly secularist armed forces last month, in protest against the arrest of hundreds of active and retired officers accused by prosecutors of taking part in coup plots against the religiously conservative government of Recep Tayyip Erdogan, the prime minister. The resignations, quickly followed by the appointment of a new general staff, were a major breakthrough for efforts by Mr Erdogan to cut back the political influence of the armed forces.

At a meeting last week, the National Security Council, which includes top government officials and the newly appointed general staff, resolved to "make the fight against terrorism more effective with the help of new strategies", according to a statement released after the meeting. Mr Erdogan has said he wants special police units take over more responsibility in the fight against the PKK. That would mean less involvement of the armed forces.

The government wants to spend 100mn lira (Dh206mn) on the purchase of 300 armed vehicles for police units in the predominantly Kurdish area of south-eastern Anatolia this year, according to news reports.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

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.”

Scorline

Iraq 1-0 UAE

Iraq Hussein 28’

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EShaffra%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2023%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDIFC%20Innovation%20Hub%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Emetaverse-as-a-Service%20(MaaS)%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3Ecurrently%20closing%20%241.5%20million%20seed%20round%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-seed%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%20Abu%20Dhabi%20and%20different%20PCs%20and%20angel%20investors%20from%20Saudi%20Arabia%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3Enine%3C%2Fp%3E%0A
The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.