A rebel fighter from Jaish Al Fatah fires artillery during clashes with Syrian pro-government forces in Aleppo's southern countryside on May 5, 2016. Omar Haj Kadour/AFP Photo
A rebel fighter from Jaish Al Fatah fires artillery during clashes with Syrian pro-government forces in Aleppo's southern countryside on May 5, 2016. Omar Haj Kadour/AFP Photo
A rebel fighter from Jaish Al Fatah fires artillery during clashes with Syrian pro-government forces in Aleppo's southern countryside on May 5, 2016. Omar Haj Kadour/AFP Photo
A rebel fighter from Jaish Al Fatah fires artillery during clashes with Syrian pro-government forces in Aleppo's southern countryside on May 5, 2016. Omar Haj Kadour/AFP Photo

Iran reports 13 Revolutionary Guard deaths in northern Syria


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DAMASCUS // Thirteen members of Iran’s elite Revolutionary Guard were killed by militants in northern Syria, showing Tehran’s deep involvement in the war.

Hossein Ali Rezaei, a spokesman for the Revolutionary Guard in the northern province of Mazandaran, said on Saturday that 13 were killed and 21 wounded in an attack last week.

Another Revolutionary Guard spokesman in the same area said the troops were killed when a coalition of opposition groups, including Al Qaeda’s Syrian affiliate Jabhat Al Nusra, seized the village of Khan Touman from pro-government forces.

Khan Touman was captured on Friday after two days of intense clashes that also left dozens of Syrian militants dead, according to opposition activists.

The town was captured by a coalition known as Jaish Al Fatah, an ultraconservative alliance led by Al Nusra and hardline militias Jund Al Aqsa and Ahrar Al Sham.

A senior Iranian official met Syrian president Bashar Al Assad, a key ally, in Damascus and vowed continued support for his government in the country’s five-year war.

Ali Akbar Velayati, an adviser to Iran’s supreme leader Ayatollah Ali Khamenei, said Tehran would always stand by Damascus because it “knows that terrorism does not target Syria, but the whole people of the region”.

Iran and Russia have backed Syria throughout the conflict. All three refer to all those fighting to overthrow Mr Al Assad as terrorists.

Also on Saturday, Russia said that a fragile truce in the northern city of Aleppo had been extended for 72 hours, as ISIL battled other militant factions near the city.

The Russian defence ministry said the extension was Moscow’s initiative and would also apply to the coastal province of Latakia.

The truce will now last until 12.01am on Tuesday.

Russia and the US last week reached an agreement to extend Syria’s temporary ceasefire to Aleppo, after days of heavy fighting that killed 286 civilians, including 57 children, according to the Syrian Observatory for Human Rights.

The Syrian military had earlier said the truce in Aleppo would last only 48 hours.

The Russian military accused Al Nusra of trying to destroy the truce by attacking Aleppo and trying to impose a blockade on the city from the south. Al Nusra and ISIL are not included in the ceasefire.

The Observatory, based in Britain, and other groups said Aleppo was relatively quiet after the ceasefire was extended, but they reported heavy fighting between ISIL and other militant groups in the northern parts of Aleppo province, near the border with Turkey.

The Observatory, which relies on a network of activists inside Syria, said ISIL captured two villages in the region in clashes that killed at least 12 ISIL fighters.

The Local Coordination Committees, an activist-run collective, said the fighting was now concentrated near the northern villages of Dalha, Harjaleh and Hiwar Kilis.

* Associated Press

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Polarised public

31% in UK say BBC is biased to left-wing views

19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

Source: YouGov

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 

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

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BUNDESLIGA FIXTURES

Saturday, May 16 (kick-offs UAE time)

Borussia Dortmund v Schalke (4.30pm) 
RB Leipzig v Freiburg (4.30pm) 
Hoffenheim v Hertha Berlin (4.30pm) 
Fortuna Dusseldorf v Paderborn  (4.30pm) 
Augsburg v Wolfsburg (4.30pm) 
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)

Sunday, May 17

Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)

Monday, May 18

Werder Bremen v Bayer Leverkusen (9.30pm)

'The Woman in the House Across the Street from the Girl in the Window'

Director:Michael Lehmann

Stars:Kristen Bell

Rating: 1/5

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Walls

Louis Tomlinson

3 out of 5 stars

(Syco Music/Arista Records)

LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

Director: Dean Fleischer Camp

Rating: 4.5/5

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

'Brazen'

Director: Monika Mitchell

Starring: Alyssa Milano, Sam Page, Colleen Wheeler

Rating: 3/5

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 
THE DETAILS

Kaala

Dir: Pa. Ranjith

Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar  

Rating: 1.5/5 

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

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UAE currency: the story behind the money in your pockets
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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.”

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat
UAE currency: the story behind the money in your pockets
The lowdown

Badla

Rating: 2.5/5

Produced by: Red Chillies, Azure Entertainment 

Director: Sujoy Ghosh

Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke

Company profile

Company name: Dharma

Date started: 2018

Founders: Charaf El Mansouri, Nisma Benani, Leah Howe

Based: Abu Dhabi

Sector: TravelTech

Funding stage: Pre-series A 

Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs