Iranian fighter jets bomb ISIL targets in Iraq: Pentagon



WASHINGTON // Iranian fighter jets struck ISIL militants in eastern Iraq in recent days, the Pentagon said on Tuesday.

A senior official in Iran denied the report while a foreign ministry spokeswoman said, “There has been no change to Iran’s policy to provide support and advice to Iraqi officials in the fight against Daesh ... I do not confirm this information on military cooperation [with Iraq].” Daesh is the Arabic acronym for ISIL.

Pentagon spokesman Rear Admiral John Kirby earlier said ,“We have indications that they did indeed fly air strikes with F-4 Phantoms in the past several days.”

His comments came days after Al Jazeera ran footage of what appeared to be an F-4 fighter, similar to those used by the Iranian air force, attacking targets in the eastern province of Diyala.

If true, the air raids marked an escalation in Iran’s role in a conflict that has seen Tehran and the Washington set aside their customary hostility to battle a common enemy in the ISIL group, which both governments view as a dangerous threat.

Iranian forces have been active on the ground in Iraq assisting Shiite militia and Baghdad government units, but this was the first time the United States had confirmed the Iranian air force was conducting strikes against the militant group.

Adm Kirby said the United States was not coordinating with Iranian forces and that it was up to the Iraqi government to oversee military flights by different countries.

“We are flying missions over Iraq. We coordinate with the Iraqi government as we conduct those. It’s up to the Iraqi government to deconflict that air space,” Adm Kirby said.

“Nothing has changed about our policy of not coordinating military activity with the Iranians.”

Even if there is no direct communication between the two countries’ forces, the Americans likely would be aware and easily monitor flights over Iraq by Iran’s less sophisticated air fleet, which uses a fighter jet that dates back to the Vietnam War.

A US air command centre in Qatar co-ordinates American fighters, bombers, drones and surveillance aircraft flying round-the-clock missions over Iraq along with other coalition warplanes from European governments as well as Australia and Canada.

The onslaught of ISIL in Iraq has forged an unlikely alignment between Iran and the United States, which have been locked in a cold war for more than three decades.

The fight against the militant group has come amid a US diplomatic drive to reach a deal with Iran over its nuclear programme, and officials acknowledge the two sides have discussed the war in Iraq on the margins of the nuclear talks.

But the two rivals remain deeply opposed over Syria, with Iran providing crucial military backing for President Bashar Al Assad while Washington has vowed to train a moderate rebel force to eventually confront the Damascus regime.

Analysts and former US officials say neither country appears ready to pursue elaborate cooperation for military operations in Iraq, but there appears to be some level of tactical communication at least to avoid accidents.

Shiite-ruled Iran has close ties to the Shiite-led government in Baghdad, and Tehran quickly came to the government’s aid after the Sunni extremists overran Iraqi army units in western and northern Iraq earlier this year.

Iran also has provided Sukhoi Su-25 aircraft to Iraq amid widespread speculation that the planes are flown by Iranian pilots.

Iranian weapons have made their way to Shiite fighters in Iraq, including 12.7mm rifles designed to penetrate armoured vehicles and multiple rocket launchers, according to a report by IHS Jane’s Defence.

The commander of Iran’s elite Quds Force, Major General Qassem Suleimani, led a counter-attack in Iraq over the summer that pushed back ISIL militants from a key route leading from Samarra to Baghdad, according to Lebanon’s Shiite movement Hizbollah.

Gen Suleimani flew to Baghdad on June 10, hours after the ISIL group seized the Iraqi city of Mosul, and hammered out a strategy “to secure Baghdad and its surroundings”, according to the Shiite group’s Al Manar website.

Gen Suleimani also reportedly has had a hand in operations against ISIL in Amerli in the north and in eastern Iraq near the Iranian border. Iranian television last month released a rare photo of Gen Suleimani in Iraq with Kurdish peshmerga fighters, promoting Tehran’s role in the fight against ISIL.

Iran has declined to join the US-led coalition against the extremist group and publicly dismissed the air war, but Tehran’s Iraqi allies have benefited from the strikes against the militants.

Iran acquired its F-4 fighters from the United States before the 1979 revolution that toppled the country’s pro-US monarchy.

* Agence France-Presse

COMPANY PROFILE

Name: Elmawkaa
Based: Hub71, Abu Dhabi
Founders: Ebrahem Anwar, Mahmoud Habib and Mohamed Thabet
Sector: PropTech
Total funding: $400,000
Investors: 500 Startups, Flat6Labs and angel investors
Number of employees: 12

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Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

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Ads on social media can 'normalise' drugs

A UK report on youth social media habits commissioned by advocacy group Volteface found a quarter of young people were exposed to illegal drug dealers on social media.

The poll of 2,006 people aged 16-24 assessed their exposure to drug dealers online in a nationally representative survey.

Of those admitting to seeing drugs for sale online, 56 per cent saw them advertised on Snapchat, 55 per cent on Instagram and 47 per cent on Facebook.

Cannabis was the drug most pushed by online dealers, with 63 per cent of survey respondents claiming to have seen adverts on social media for the drug, followed by cocaine (26 per cent) and MDMA/ecstasy, with 24 per cent of people.

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Teri Baaton Mein Aisa Uljha Jiya

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COMPANY PROFILE

Name: Kinetic 7
Started: 2018
Founder: Rick Parish
Based: Abu Dhabi, UAE
Industry: Clean cooking
Funding: $10 million
Investors: Self-funded

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Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

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Stars: Josh Hutcherson, Morgan Freeman, Greg Germann, Lovie Simone
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EMIRATES'S REVISED A350 DEPLOYMENT SCHEDULE

Edinburgh: November 4 (unchanged)

Bahrain: November 15 (from September 15); second daily service from January 1

Kuwait: November 15 (from September 16)

Mumbai: January 1 (from October 27)

Ahmedabad: January 1 (from October 27)

Colombo: January 2 (from January 1)

Muscat: March 1 (from December 1)

Lyon: March 1 (from December 1)

Bologna: March 1 (from December 1)

Source: Emirates

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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.”

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Publisher: Sony Computer Entertainment
Console: PlayStation 2 to 5
Rating: 5/5

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Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
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Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

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Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

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Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

The specs: 2018 Nissan Patrol Nismo

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Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

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Power: 169bhp

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Average amount of biofuel produced at DIC factory every month: Approximately 106,000 litres

Amount of biofuel produced from 1 litre of used cooking oil: 920ml (92%)

Time required for one full cycle of production from used cooking oil to biofuel: One day

Energy requirements for one cycle of production from 1,000 litres of used cooking oil:
▪ Electricity - 1.1904 units
▪ Water- 31 litres
▪ Diesel – 26.275 litres

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Stars: Chris Pine, Michelle Rodriguez, Rege-Jean Page, Justice Smith, Sophia Lillis
Rating: 3/5

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Engine: 3.5-litre V6
Transmission: 9-speed automatc
Power: 279hp
Torque: 350Nm
Price: From Dh250,000
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