Senior officials from more than 60 countries are to gather in Rome on Monday where security analysts hope they will agree a “co-ordinated and coherent” plan to tackle the ISIS threat in Africa.
Developed countries also should be prepared to spend at least a decade working to dismantle the terrorist group by adequately training security forces, counter-terrorism experts have said.
US Secretary of State Antony Blinken will co-host a meeting of the foreign ministers of the Global Coalition to Defeat ISIS at a time
when the extremist threat is growing in Africa, with ISIS-affiliated groups making ground in Mozambique, the Democratic Republic of Congo, and in particular in the West Africa region of the Sahel.
But it is also a moment in world politics when America is seeking to withdraw from its “endless wars” in the Middle East and Afghanistan, potentially leaving a power vacuum behind.
However, the US and other western powers including Britain and France understand that they cannot let things slide and have therefore expanded the anti-ISIS coalition by inviting a further 25 countries, mainly from Africa, to attend.
“They want a concerted effort to try to deal with these issues in a coherent and strategic way,” said Raffaello Pantucci of the Royal United Services Institute think tank. “The relationships are very fragile on the ground in the Sahel and the problems are getting worse so they want a more coherent and considered and structured response.”
He cited the death of Chad’s president, the coup in Mali and the fatal accident of Nigeria’s military chief as major factors in further destabilising the region.
The increasing Africa threat is also playing on the minds of intelligence chiefs who fear a growth in strength could see extremists' destabilising influence spread across the continent.
“We are including an awful lot of African representation because the increasing threat from Daesh affiliates across the continent is becoming a serious concern,” a western security source said.
There is also unease over a recent rambling 38-minute speech by an ISIS propaganda chief from Syria or Iraq that offered congratulations to the Africa affiliates.
Experts argue that cutting off ISIS communications is key to suppressing the terrorists.
“There is a parallel in Northern Ireland and the extremist threat in that we failed to choke off the [Irish Republican Army’s] propaganda at an early stage and we were never proactive, allowing them to manipulate the press,” said Dr Bill Duff, a former Royal Ulster Constabulary officer in the counter-terrorist unit.
“If you stop their propaganda you choke off their religious influence and you will find yourself dealing with a smaller problem,” said the former policeman, who has trained security forces in Yemen and Somalia.
The ministerial meeting should also make a long-term plan to deal with the extremists to enable developing countries' police forces to be adequately trained. “You need a 10-year programme, preferably longer, to train the entire system - paid for by developed countries - then you will have a real, sustainable platform to tackle extremists,” said Dr Duff.
Key to Monday’s meeting will be the ability to broaden the support for an anti-ISIS coalition, said Mr Pantucci.
“Terrorism as an issue is quite a good one to get people to gather around because broadly speaking we can all agree terrorists are a bad thing,” he said. “Expanding the coalition gives you contacts and links by engaging with a whole bunch of people. The truth is that if you're going to do anything on the ground you're going to need local partners who are reliable in a problematic part of the world.”
He added that it was important the conference recognised that ISIS had been effective and it was vital to make plans to check their advance.
Mr Blinken will also participate in a ministerial discussion on the Syria crisis and “underscore the importance of meeting humanitarian needs”, the US State Department said.
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Monster
Directed by: Anthony Mandler
Starring: Kelvin Harrison Jr., John David Washington
3/5
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
England v South Africa schedule
- First Test: Starts Thursday, Lord's, 2pm (UAE)
- Second Test: July 14-18, Trent Bridge, Nottingham, 2pm
- Third Test: The Oval, London, July 27-31, 2pm
- Fourth Test: Old Trafford, Manchester, August 4-8
Five expert hiking tips
- Always check the weather forecast before setting off
- Make sure you have plenty of water
- Set off early to avoid sudden weather changes in the afternoon
- Wear appropriate clothing and footwear
- Take your litter home with you
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.”
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
UAE currency: the story behind the money in your pockets
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
Du Football Champions
The fourth season of du Football Champions was launched at Gitex on Wednesday alongside the Middle East’s first sports-tech scouting platform.“du Talents”, which enables aspiring footballers to upload their profiles and highlights reels and communicate directly with coaches, is designed to extend the reach of the programme, which has already attracted more than 21,500 players in its first three years.