Iraqi government forces celebrate with national flags on a street on May 19, 2016 in the western town of Rutba after they recaptured it from ISIL. Rutba, located in western Anbar province along the main road to Jordan, had been held by ISIL since 2014. Moadh Al Dulaimi/AFP
Iraqi government forces celebrate with national flags on a street on May 19, 2016 in the western town of Rutba after they recaptured it from ISIL. Rutba, located in western Anbar province along the main road to Jordan, had been held by ISIL since 2014. Moadh Al Dulaimi/AFP
Iraqi government forces celebrate with national flags on a street on May 19, 2016 in the western town of Rutba after they recaptured it from ISIL. Rutba, located in western Anbar province along the main road to Jordan, had been held by ISIL since 2014. Moadh Al Dulaimi/AFP
Iraqi government forces celebrate with national flags on a street on May 19, 2016 in the western town of Rutba after they recaptured it from ISIL. Rutba, located in western Anbar province along the ma

Iraq announces recapture of western town Rutba from ISIL


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  • Arabic

Baghdad // Iraq announced on Thursday that its forces had recaptured the western town of Rutba, cutting off the militants’ supply route to neighbouring Syria.

“The Joint Operations Command announces the complete liberation of the Rutba district,” the military’s joint operations command said.

Special forces, soldiers and police took part in the operation, the military said.

The US-led coalition which provided air support for the Rutba operation, however, stopped short of saying the town was under the full control of Iraqi forces.

Asked if there were still ISIL fighters in the area, coalition spokesman Steve Warren said: “There’s still quite an amount.”

But Mr Warren expressed confidence the Iraqi forces would successfully hold it.

“They’ve got enough fighters, they’ve got tribal forces there, they’ll hold it just like they’ve held every single other thing they’ve taken,” he said.

On Monday, Iraqi forces launched the drive to retake Rutba, located in western Anbar province along the main road to Jordan.

In addition to its linkage to Syria, Rutba was considered an important support zone which ISIL was using to stage operations into battle areas further north and east.

He described Rutba as a small town with “outsized strategic value” which lies on the main route between Baghdad and Jordan.

“Opening it will impact the economies of both Iraq and Jordan, and will deny [ISIL] a critical support zone as well,” Col Warren said.

Counter-terrorism forces, backed by US-led coalition air strikes, had entered the town from the south on Tuesday and taken control of Al Intisar district.

Maj Gen Hadi Razij, head of Anbar police, said elite commandos had attacked from the south while police, tribal fighters and the Iraqi army pushed from the north.

“We managed to liberate Rutba district, eliminating many suicide bombers and car bombs,” he told state television.

Maj Gen Razij said troops had also reached Camp Korean Village, a former US military base about 40km further west towards the border, and continued to clear the international highway.

ISIL overran large areas north and west of Baghdad in June 2014, and later made further advances in Anbar, seizing its capital Ramadi in 2015.

Iraqi forces have since regained significant ground from the extremists, securing the Ramadi area earlier this year and retaking the town of Hit last month.

But parts of Anbar – including its second city Fallujah – are still under ISIL control, as is most of Nineveh province, to its north.

Iraqi forces encountered “light to moderate resistance” in the course of the operation, Col Warren said.

Meanwhile, the top US general for the Middle East arrived unannounced in Baghdad on Thursday to meet with commanders and get an update on the military campaign against ISIL.

Army Gen Joseph Votel, the new head of US Central Command, flew to Baghdad on the second leg of a week-long Middle East tour that began in Kuwait.

His visit comes amid political paralysis in the Iraqi government and a spate of deadly attacks in Baghdad by ISIL operatives. Gen Votel has expressed concern that the militant group may be reverting to what he called its roots as a terrorist organisation.

The Iraqi government said earlier this month that the amount of land under ISIL control had shrunk to 14 per cent of the national territory, from 40 per cent in 2014.

The two major cities still under the extremists’ rule are Fallujah, which lies only 50km west of Baghdad, and Mosul, the capital of Nineveh.

The government and coalition had appeared to focus their planning on Mosul lately – a large northern city with a pre-war population estimated at around two million.

But forces from the Hashed Al Shaabi paramilitary organisation, which is dominated by Tehran-backed Shiite militias, have been massing around Fallujah in recent days.

* Agence-France Presse and Reuters

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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.

Monster Hunter: World

Capcom

PlayStation 4, Xbox One

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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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.”

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

MATCH INFO

Liverpool 4 (Salah (pen 4, 33', & pen 88', Van Dijk (20')

Leeds United 3 (Harrison 12', Bamford 30', Klich 66')

Man of the match Mohamed Salah (Liverpool)

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence