KABUL // Even by Afghanistan’s standards of shifting alliances, a recent meeting between ethnic Hazara elders and local commanders of the Taliban insurgents who have persecuted them for years was extraordinary.
The Hazaras – a largely Shiite minority killed in their thousands during the Taliban’s hardline Sunni rule of the 1990s – came to their old enemies seeking protection against what they deemed an even greater threat: masked men operating in the area calling themselves “Daesh”, a term for ISIL in the region.
In a sign of changing times, the Taliban commanders agreed to help, said Abdul Khaliq Yaqubi, one of the elders at the meeting held in the eastern province of Ghazni.
The unusual pact is a window into deepening anxiety in Afghanistan over reports of ISIL gaining a foothold in a country already weary of more than a decade of war with the Taliban.
Back-to-back kidnappings within a month of two groups of Hazara travellers – by men widely rumoured, though not proven, to claim fealty to the extremist group – have many spooked.
The current threat ISIL poses in Afghanistan, observers say, is less about real military might than the opportunity for disparate insurgent groups, including defectors from an increasingly fractured Taliban, to band together under this global “brand” that controls swathes of Iraq and Syria.
The fear is especially keen among religious minorities such as the Hazaras, who worry the influence of the fiercely anti-Shiite ISIL could introduce a new dimension of sectarian strife to the war.
“Whether Daesh exists or not, the psychological impact of it is very dangerous in Ghazni, which is home to all ethnicities,” the province’s deputy governor Mohammad Ali Ahmadi said.
“This could easily stir up tensions.”
Unlike in Iraq or Syria, ISIL controls no Afghan territory and operational links between local fighters and the group’s leadership are murky.
But reports of self-proclaimed ISIL fighters have been growing since last summer. In Kandahar, the Taliban’s birthplace, there have been reports of clashes between alleged ISIL fighters and local Taliban.
The UN secretary general Ban Ki-moon’s latest report on Afghanistan said a handful of Taliban commanders had declared allegiance to ISIL and were increasingly seeking funding or cooperation from the group.
But it added there was “no indication of widespread or systematic support” for Afghan fighters from ISIL leaders in the Middle East.
Some say ISIL’s intolerant stance towards Shiites leaves them with less traction in Afghanistan, where large-scale sectarian violence has been relatively rare since the Taliban lost power.
The Afghan government says group does pose a problem.
President Ashraf Ghani publicly acknowledged for the first time on Saturday that ISIL was gaining influence in Afghanistan.
“Daesh’s characteristic is that it is man-eating. It swallows its competitors,” Mr Ghani said at a news conference ahead of his visit to the United States. “Here, it is not physical presence of people from Syria or Iraq. It is the network effect.”
“The simple thing is that Daesh is here, and they do exist,” said Ajmal Abidy, Afghan president Ashraf Ghani’s spokesman.
The International Crisis Group (ICG) in Kabul cited reliable reports that small groups of self-described ISIL fighters were operating in six provinces, plus unconfirmed rumours of dozens of members operating in several others.
For now, whatever support ISIL has appears to reflect divisions within the larger, stronger Taliban insurgency, said Graeme Smith, an ICG analyst.
But, he added, “It’s a moving target ... Just because it’s not militarily significant today doesn’t mean that can’t change.”
On March 15, gunmen stopped two cars in Ghazni’s Jaghori district, a predominantly Hazara area, and kidnapped eight passengers.
All but one were quickly released, but the incident came just weeks after masked gunmen singled out about 30 Hazaras from two buses in Zabul province and took them hostage.
Despite an ongoing rescue operation by Afghan security forces, none have been freed.
Last week, hundreds of Hazara protesters gathered in Ghazni’s capital city to demand the hostages’ release.
Although no one has claimed responsibility for either attack, many Hazaras – short on answers and scared – blamed ISIL.
“Daesh is a very dangerous phenomenon,” said Ahmad Ali, who took part in the protests.
The general anxiety led the Hazara elders from three villages in Jaghori district of Ghazni to arrange their unusual meeting with the local Taliban.
“The Taliban did not kidnap our Hazara brothers in the past, and we know they also fight this new group, Daesh,” said Hasan Reza Yousufi, a member of Ghazni’s provincial council.
Mr Yaqubi, one of the elders who attended the meeting, said the group had approached the militants seeking protection.
“The Taliban agreed to help,” he said.
At a crowded bus station on Kabul’s outskirts, people lined up to buy tickets to make trips along the dangerous roads outside the city that have long seen Taliban attacks – and now, many fear, targeted kidnappings.
“Since the kidnapping of the passengers, we have less Hazara travellers,” said bus driver Mohammad Jan.
“The ones who do travel seem very scared.”
* Reuters
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Abu Dhabi Sustainability Week
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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.”
Zimbabwe v UAE, ODI series
All matches at the Harare Sports Club:
1st ODI, Wednesday, April 10
2nd ODI, Friday, April 12
3rd ODI, Sunday, April 14
4th ODI, Tuesday, April 16
UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Sri Lanka-India Test series schedule
- 1st Test India won by 304 runs at Galle
- 2nd Test Thursday-Monday at Colombo
- 3rd Test August 12-16 at Pallekele
The specs
Price, base: Dh228,000 / Dh232,000 (est)
Engine: 5.7-litre Hemi V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 552Nm
Fuel economy, combined: 12.5L / 100km
Zayed Sustainability Prize
The Cairo Statement
1: Commit to countering all types of terrorism and extremism in all their manifestations
2: Denounce violence and the rhetoric of hatred
3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC
4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.
5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.
6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi
Yadoo’s House Restaurant & Cafe
For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.
Golden Dallah
For the cappuccino, luqaimat and aseeda.
Al Mrzab Restaurant
For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.
Al Derwaza
For the fish hubul, regag bread, biryani and special seafood soup.
Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Match info
Uefa Nations League Group B:
England v Spain, Saturday, 11.45pm (UAE)
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