Iraqi Shiite fighters from the Iran-backed armed group Hezbollah Brigades march during a military parade in Baghdad. AFP
Iraqi Shiite fighters from the Iran-backed armed group Hezbollah Brigades march during a military parade in Baghdad. AFP
Iraqi Shiite fighters from the Iran-backed armed group Hezbollah Brigades march during a military parade in Baghdad. AFP
Iraqi Shiite fighters from the Iran-backed armed group Hezbollah Brigades march during a military parade in Baghdad. AFP

Iraqi group claiming to be new militia says it was behind attack on Riyadh


Robert Tollast
  • English
  • Arabic

A group claiming to be a new militia organisation in Iraq has said it was responsible for an explosive drone attack against the Saudi Arabian capital, Riyadh.

The statement could not be independently verified, but was reported and praised by news channels linked to official Iran-backed groups.

The US government condemned the attack, saying it appeared to be “an attempt to target civilians,” but gave no further comment.

Saudi Arabia’s Al Ekhbariyah and Al Hadath Television channels reported on Saturday that an unidentified projectile had been intercepted over the city, citing Ministry of Defence sources.

Unverified images on social media later showed streaks of white smoke in the sky and what appeared to have been a small explosion.

Iraqi claims

An Iraqi group calling itself Alwiya Alwaad Al Haq, or the Righteous Pledge Battalion, said the drone attack had been launched “solely by Iraqi hands,” in a statement on its Telegram social media channel.

While there is currently no information on the group, another Iraqi militia group launched in August 2019 first announced its existence on Twitter.

On Tuesday, notorious Iraqi militia Kataib Hezbollah praised the attack through its Telegram account – suggesting the Righteous Pledge Battalion’s claim may have some veracity. Kataib Hezbollah called on other Iraqi militias to follow the same example. Notably, Kataib Hezbollah was accused in May 2019 of launching its own drone attack against Saudi Arabian oil installations.

The group’s statement was also quickly reported by Sabreen news, a pro-Iran news outlet linked to Iraqi militias.

Iraqi security analyst Hamdi Malik said Sabreen is linked to Asaib Ahl Al Haq, a radical Shiite militia linked to the Popular Mobilisation Forces.

The PMF is a collection of militias ostensibly under Iraqi government command, but many of the groups answer directly to Iran.

Since mid-2019 a number of new militias have emerged in Iraq, including Ashab Ahl Kahf and Usbet Al Thaireen, claiming attacks against US military logistics convoys and the US embassy.

The groups claim they are acting alone – and not at the direction of the PMF or Iran – although many of their statements bear a striking similarity to remarks made by PMF commanders.

  • A person looks at a banner displayed at a commemoration ceremony at Iraq's Baghdad airport on January 2, 2020 to mark the first anniversary of the killing of senior Iranian military commander General Qassem Suleimani and Iraqi militia commander Abu Mahdi Al Muhandis in a US drone strike. Reuters
    A person looks at a banner displayed at a commemoration ceremony at Iraq's Baghdad airport on January 2, 2020 to mark the first anniversary of the killing of senior Iranian military commander General Qassem Suleimani and Iraqi militia commander Abu Mahdi Al Muhandis in a US drone strike. Reuters
  • Supporters of Iraqi Shiite Popular Mobilisation Forces light candles at the site of the US drone attack on January 3, 2019 that killed the Iranian general Qassem Suleimani and Abu Mahdi Al Muhandis, leader of the Iran-backed Kataib Hezbollah militia EPA
    Supporters of Iraqi Shiite Popular Mobilisation Forces light candles at the site of the US drone attack on January 3, 2019 that killed the Iranian general Qassem Suleimani and Abu Mahdi Al Muhandis, leader of the Iran-backed Kataib Hezbollah militia EPA
  • Photos of Qassem Suleimani, left, and Abu Mahdi Al Muhandis are placed on the road to Baghdad international airport during a commemoration of their deaths on January 2, 2020. EPA
    Photos of Qassem Suleimani, left, and Abu Mahdi Al Muhandis are placed on the road to Baghdad international airport during a commemoration of their deaths on January 2, 2020. EPA
  • A supporter of Iraqi Shiite Popular Mobilisation Forces lights candles at the site of US drone attack that killed Qassem Suleimani and Abu Mahdi Al Muhandis. EPA
    A supporter of Iraqi Shiite Popular Mobilisation Forces lights candles at the site of US drone attack that killed Qassem Suleimani and Abu Mahdi Al Muhandis. EPA
  • Popular Mobilisation Forces and their supporters hold posters of Abu Mahdi Al Muhandis and Qassem Suleimani at Baghdad's international airport. AP Photo
    Popular Mobilisation Forces and their supporters hold posters of Abu Mahdi Al Muhandis and Qassem Suleimani at Baghdad's international airport. AP Photo
  • Members of the Popular Mobilisation Forces and their supporters chant slogans against the United States at Baghdad's international airport. AP Photo
    Members of the Popular Mobilisation Forces and their supporters chant slogans against the United States at Baghdad's international airport. AP Photo
  • Supporters of the Popular Mobilisation Forces hold a candlelight vigil at the site of the US drone strike on Qassem Suleimani at Baghdad Airport. AFP
    Supporters of the Popular Mobilisation Forces hold a candlelight vigil at the site of the US drone strike on Qassem Suleimani at Baghdad Airport. AFP
  • An Iraqi woman holds a portrait of late Iraqi commander Abu Mahdi Al Muhandis and Iranian commander Qassem Suleimani at Baghdad Airport. AFP
    An Iraqi woman holds a portrait of late Iraqi commander Abu Mahdi Al Muhandis and Iranian commander Qassem Suleimani at Baghdad Airport. AFP
  • An Iraqi girl carries a portrait of late Iraqi commander Abu Mahdi Al Muhandis at Baghdad Airport. AFP
    An Iraqi girl carries a portrait of late Iraqi commander Abu Mahdi Al Muhandis at Baghdad Airport. AFP
  • An Iraqi woman carries a portrait of late Iraqi commander Abu Mahdi Al Muhandis and Iranian commander Qassem Suleimani at Baghdad Airport. AFP
    An Iraqi woman carries a portrait of late Iraqi commander Abu Mahdi Al Muhandis and Iranian commander Qassem Suleimani at Baghdad Airport. AFP
  • Supporters of the Popular Mobilisation Forces hold a candlelight vigil at the site of the January 3, 2019 US drone strike on Qassem Suleimani. AFP
    Supporters of the Popular Mobilisation Forces hold a candlelight vigil at the site of the January 3, 2019 US drone strike on Qassem Suleimani. AFP
  • Supporters of the Popular Mobilisation Forces wave Iraqi flags at a gathering outside Baghdad Airport. AFP
    Supporters of the Popular Mobilisation Forces wave Iraqi flags at a gathering outside Baghdad Airport. AFP
  • An Iraqi woman carries a portrait of Qassem Suleimani and Abu Mahdi Al Muhandis. AFP
    An Iraqi woman carries a portrait of Qassem Suleimani and Abu Mahdi Al Muhandis. AFP

These statements often involve threats against Saudi Arabia and outlandish conspiracy theories, using similar terms to Iranian state propaganda. Iranian English-language channel Press TV also translated the Righteous Pledge Battalion’s first statement.

In May 2019, Iraqi militias were suspected of using Jurf Al Sakhar, an area south of Baghdad controlled by Kataib Hezbollah, to launch a drone attack against two oil-pumping stations in Saudi Arabia. The militias would likely have been supplied with Iranian-made drones, some of which have a range in excess of 1,500 kilometres.

Jurf Al Sakhar is now a no-go zone for the Iraqi army which, alongside Iraqi PM Mustafa Al Kadhimi, has increasingly been at odds with the militias.

Mr Al Kadhimi previously ran the Iraqi National Intelligence Agency, raising accusations from some Iran-backed groups that he is an American stooge.

The creation of new Iraqi militias is probably part of a strategy by Iran to deflect blame away from their established allies in Iraq, including Kataib Hezbollah.

Kataib Hezbollah in particular has come under increasing pressure from Mr Al Kadhimi to obey Iraqi government command, respect human rights in Iraq and refrain from attacking US and Coalition forces, which are assisting the Iraqi army against ISIS.

%3Cp%3EThe%20Department%20of%20Culture%20and%20Tourism%20-%20Abu%20Dhabi%E2%80%99s%20Arabic%20Language%20Centre%20will%20mark%20International%20Women%E2%80%99s%20Day%20at%20the%20Bologna%20Children's%20Book%20Fair%20with%20the%20Abu%20Dhabi%20Translation%20Conference.%20Prolific%20Emirati%20author%20Noora%20Al%20Shammari%2C%20who%20has%20written%20eight%20books%20that%20%20feature%20in%20the%20Ministry%20of%20Education's%20curriculum%2C%20will%20appear%20in%20a%20session%20on%20Wednesday%20to%20discuss%20the%20challenges%20women%20face%20in%20getting%20their%20works%20translated.%3C%2Fp%3E%0A
Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20JustClean%3Cbr%3E%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20with%20offices%20in%20other%20GCC%20countries%3Cbr%3E%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202016%3Cbr%3E%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20160%2B%20with%2021%20nationalities%20in%20eight%20cities%3Cbr%3E%3Cstrong%3E%3Cbr%3ESector%3A%3C%2Fstrong%3E%20online%20laundry%20and%20cleaning%20services%3Cbr%3E%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%2430m%20from%20Kuwait-based%20Faith%20Capital%20Holding%20and%20Gulf%20Investment%20Corporation%3C%2Fp%3E%0A
The bio:

Favourite film:

Declan: It was The Commitments but now it’s Bohemian Rhapsody.

Heidi: The Long Kiss Goodnight.

Favourite holiday destination:

Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.

Heidi: Australia but my dream destination would be to go to Cuba.

Favourite pastime:

Declan: I love brunching and socializing. Just basically having the craic.

Heidi: Paddleboarding and swimming.

Personal motto:

Declan: Take chances.

Heidi: Live, love, laugh and have no regrets.

 

Tenet

Director: Christopher Nolan

Stars: John David Washington, Robert Pattinson, Elizabeth Debicki, Dimple Kapadia, Michael Caine, Kenneth Branagh 

Rating: 5/5

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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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Company%20profile
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West Indies v India - Third ODI

India 251-4 (50 overs)
Dhoni (78*), Rahane (72), Jadhav (40)
Cummins (2-56), Bishoo (1-38)
West Indies 158 (38.1 overs)
Mohammed (40), Powell (30), Hope (24)
Ashwin (3-28), Yadav (3-41), Pandya (2-32)

India won by 93 runs

RESULTS

6.30pm Al Maktoum Challenge Round-2 – Group 1 (PA) $49,000 (Dirt) 1,900m

Winner RB Frynchh Dude, Pat Cosgrave (jockey), Helal Al Alawi (trainer)

7.05pm Al Bastakiya Trial – Conditions (TB) $50,000 (D) 1,900m

Winner El Patriota, Vagner Leal, Antonio Cintra

7.40pm Zabeel Turf – Listed (TB) $88,000 (Turf) 2,000m

Winner Ya Hayati, Mickael Barzalona, Charlie Appleby

8.15pm Cape Verdi – Group 2 (TB) $163,000 (T) 1,600m

Winner Althiqa, James Doyle, Charlie Appleby

8.50pm UAE 1000 Guineas – Listed (TB) $125,000 (D) 1,600m

Winner Soft Whisper, Frankie Dettori, Saeed bin Suroor

9.25pm Handicap (TB) $68,000 (T) 1,600m

Winner Bedouin’s Story, Frankie Dettori, Saeed bin Suroor

CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EGuillermo%20del%20Toro%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tim%20Blake%20Nelson%2C%20Sebastian%20Roche%2C%20Elpidia%20Carrillo%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A

Day 1 results:

Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)

Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)

UAE currency: the story behind the money in your pockets
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

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying