FIle picture taken on February 21, 2013, of the cousin of outgoing Afghan president Hamid Karzai, Hashmat Karzai. Hashmat, a campaign manager for presidential candidate Ashraf Ghani, was killed by a suicide bomber on July 29, 2014. AFP Photo
FIle picture taken on February 21, 2013, of the cousin of outgoing Afghan president Hamid Karzai, Hashmat Karzai. Hashmat, a campaign manager for presidential candidate Ashraf Ghani, was killed by a suicide bomber on July 29, 2014. AFP Photo
FIle picture taken on February 21, 2013, of the cousin of outgoing Afghan president Hamid Karzai, Hashmat Karzai. Hashmat, a campaign manager for presidential candidate Ashraf Ghani, was killed by a suicide bomber on July 29, 2014. AFP Photo
FIle picture taken on February 21, 2013, of the cousin of outgoing Afghan president Hamid Karzai, Hashmat Karzai. Hashmat, a campaign manager for presidential candidate Ashraf Ghani, was killed by a s

Karzai’s cousin killed in Afghan ‘turban bomb’ attack


  • English
  • Arabic

KANDAHAR, AFGHANISTAN // The cousin of Afghan president Hamid Karzai was killed by a suicide bomber on Tuesday, raising tensions during a dispute over election results that will determine the country’s new leader as US-led troops withdraw.

Hashmat Karzai was a campaign manager in the southern province of Kandahar for Ashraf Ghani, one of the two presidential candidates involved in a bitter stand-off that threatens to trigger worsening ethnic instability.

Hashmat, who famously owned a pet lion, was killed at his home outside Kandahar city by a man with explosives hidden in his turban as visitors arrived to celebrate the Eid holiday at the end of the Muslim holy month of Ramadan.

“A suicide bomber disguised as a guest came to Hashmat Karzai’s house to greet him,” Dawa Khan Minapal, the Kandahar provincial governor’s spokesman said.

“After he hugged Hashmat, he blew up his explosives and killed him.”

Mr Ghani and a former anti-Taliban resistance fighter Abdullah Abdullah are at loggerheads over the June 14 second-round election, which has been mired in allegations of massive fraud.

Mr Ghani won the vote according to preliminary results, but an audit of the ballots has started after Mr Abdullah refused to accept defeat due to claims of “industrial-scale” ballot-box stuffing.

With the audit beset by another outbreak of complaints from both sides, many fear the country is at risk of returning to the ethnic violence of the 1992-1996 civil war.

Mr Ghani’s campaign team said via Twitter that it was in “immense shock” over the death of Hashmat, who was a wealthy businessman and powerbroker in Kandahar.

Earlier this month, when Mr Abdullah appeared ready to set up a “parallel government” in opposition to Ghani, US secretary of state John Kerry flew in and brokered a deal for the complete recount of all eight million votes.

The agreement averted an immediate crisis, but US and UN officials have struggled to get Afghanistan’s first democratic transfer of power back on track as the two sides bicker over how fraudulent votes should be identified.

A credible election was seen as a key benchmark of the costly US-led military and civilian aid effort to develop Afghanistan since the ousting of the Taliban regime in 2001.

President Karzai, who has ruled since the Taliban’s fall, is due to hand over power to his successor on August 2.

Many diplomats insisted the presidential inauguration must be on schedule for future aid funding and military support, but the event has now been delayed with no new date set.

Mr Abdullah, who draws most of his support from Tajiks and other northern groups, won the first-round vote, but results from the run-off showed Mr Ghani, whose support base is among the Pashtun tribes of the south and east, ahead by over one million votes.

There was no immediate claim of responsibility for the killing of Hashmat Karzai, and no other casualties were reported.

Hashmat, who was about 45, first worked in the presidential election campaign for Qayyum Karzai, the president’s brother, and later moved to support Mr Ghani when Mr Qayyum withdrew from the race.

He ran security and vehicle import businesses in Kandahar, although he was not as powerful as Mr Karzai’s half-brother Ahmed Wali Karzai – an alleged drug king-pin killed in the city four years ago.

President Karzai is constitutionally barred from standing for a third term in office, but is likely to remain a central player in Afghan politics as government forces take on Taliban insurgents with declining help from the US-led Nato military.

Explosives hidden in turbans have been used on several previous occasions in Afghanistan, including an attack in Kabul in 2011 that killed former president Burhanuddin Rabbani.

* Agence France-Presse

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The specs

Engine: 1.5-litre 4-cyl turbo

Power: 194hp at 5,600rpm

Torque: 275Nm from 2,000-4,000rpm

Transmission: 6-speed auto

Price: from Dh155,000

On sale: now

Company profile

Date started: Founded in May 2017 and operational since April 2018

Founders: co-founder and chief executive, Doaa Aref; Dr Rasha Rady, co-founder and chief operating officer.

Based: Cairo, Egypt

Sector: Health-tech

Size: 22 employees

Funding: Seed funding 

Investors: Flat6labs, 500 Falcons, three angel investors

COMPANY%20PROFILE%20
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The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

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. 

Mica

Director: Ismael Ferroukhi

Stars: Zakaria Inan, Sabrina Ouazani

3 stars

Specs%20
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UAE currency: the story behind the money in your pockets
UAE%20Warriors%2033%20Results
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ALRAWABI%20SCHOOL%20FOR%20GIRLS
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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

UAE cricketers abroad

Sid Jhurani is not the first cricketer from the UAE to go to the UK to try his luck.

Rameez Shahzad Played alongside Ben Stokes and Liam Plunkett in Durham while he was studying there. He also played club cricket as an overseas professional, but his time in the UK stunted his UAE career. The batsman went a decade without playing for the national team.

Yodhin Punja The seam bowler was named in the UAE’s extended World Cup squad in 2015 despite being just 15 at the time. He made his senior UAE debut aged 16, and subsequently took up a scholarship at Claremont High School in the south of England.

57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
RESULTS

6.30pm: Al Maktoum Challenge Round-1 Group 1 (PA) Dh119,373 (Dirt) 1,600m
Winner: Brraq, Adrie de Vries (jockey), Jean-Claude Pecout (trainer)

7.05pm: Handicap (TB) Dh102,500 (D) 1,200m
Winner: Taamol, Connor Beasley, Ali Rashid Al Raihe.

7.40pm: Handicap (TB) Dh105,000 (Turf) 1,800m
Winner: Eqtiraan, Connor Beasley, Ali Rashid Al Raihe.

8.15pm: UAE 1000 Guineas Trial (TB) Dh183,650 (D) 1,400m
Winner: Soft Whisper, Pat Cosgrave, Saeed bin Suroor.

9.50pm: Handicap (TB) Dh105,000 (D) 1,600m
Winner: Hypothetical, Mickael Barzalona, Salem bin Ghadayer.

9.25pm: Handicap (TB) Dh95,000 (T) 1,000m
Winner: Etisalat, Sando Paiva, Ali Rashid Al Raihe

If you go

The flights

There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.

The trip

Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.

The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.

 

Top%2010%20most%20competitive%20economies
%3Cp%3E1.%20Singapore%0D%3Cbr%3E2.%20Switzerland%0D%3Cbr%3E3.%20Denmark%0D%3Cbr%3E4.%20Ireland%0D%3Cbr%3E5.%20Hong%20Kong%0D%3Cbr%3E6.%20Sweden%0D%3Cbr%3E7.%20UAE%0D%3Cbr%3E8.%20Taiwan%0D%3Cbr%3E9.%20Netherlands%0D%3Cbr%3E10.%20Norway%0D%3Cbr%3E%3C%2Fp%3E%0A
Company%20profile%20
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The biog

Age: 46

Number of Children: Four

Hobby: Reading history books

Loves: Sports

The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV

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.”

The biog

Age: 32

Qualifications: Diploma in engineering from TSI Technical Institute, bachelor’s degree in accounting from Dubai’s Al Ghurair University, master’s degree in human resources from Abu Dhabi University, currently third years PHD in strategy of human resources.

Favourite mountain range: The Himalayas

Favourite experience: Two months trekking in Alaska

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

ENGLAND SQUAD

Goalkeepers Henderson, Pickford, Pope.

Defenders Alexander-Arnold, Chilwell, Coady, Dier, Gomez, Keane, Maguire, Maitland-Niles, Mings, Saka, Trippier, Walker.

Midfielders Henderson, Mount, Phillips, Rice, Ward-Prowse, Winks.

Forwards Abraham, Barnes, Calvert-Lewin, Grealish, Ings, Kane, Rashford, Sancho, Sterling.

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Avatar%3A%20The%20Way%20of%20Water
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EJames%20Cameron%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ESam%20Worthington%2C%20Zoe%20Saldana%2C%20Sigourney%20Weaver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A
'Morbius'

Director: Daniel Espinosa 

Stars: Jared Leto, Matt Smith, Adria Arjona

Rating: 2/5

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5