DOHA / BAGHDAD // After nearly a year and a half in captivity, Qatar on Friday secured the release of 26 hostages, including members of its ruling family, in what became possibly the region’s most complex and sensitive hostage negotiation deal in recent years.
Footage released by the Iraqi interior ministry showed some of the former hostages wearing white gowns and red head scarves as they were greeted by officials in Baghdad’s “Green Zone”, where the country’s main institutions are based.
Some of them could be seen later in the video boarding a Qatar Airways plane at Baghdad airport and state media later confirmed they had landed in Doha.
“Sheikh Tamim bin Hamad Al-Thani, the Emir of Qatar, received Qatari nationals who were kidnapped in the Republic of Iraq on arrival at Doha International Airport this evening, “ read the statement released by the Qatar News Agency.
The statement gave no details about their detention. A large motorcade was seen heading to the airport and then returning through central Doha at around 1600 GMT.
Several people with knowledge of the talks and a person involved in the negotiations said the hostage deal was linked to one of the largest population transfers in Syria’s six-year-long civil war, and was delayed for several days due to an explosion one week ago that killed at least 130 people, most of them children and government supporters, waiting to be transferred.
The transfer of thousands of Syrian civilians was also tied to another deal involving 750 political prisoners to be released by the Syrian government.
The complexity of the talks highlights Qatar’s role as an experienced and shrewd facilitator in hostage negotiations — this time involving members of the Gulf state’s ruling family.
Qatar is home to Centcom’s regional headquarters and is where the US has its largest military base in the Middle East. It is also a member of the US-led coalition fighting ISIL in Iraq and Syria.
The incident was sparked when the group was kidnapped on December 16, 2015 from a desert camp for falcon hunters in southern Iraq. Hunters from the Gulf states often make trips there during the winter months to buy falcons and hunt the Houbara bustard, a rare bird whose meat is prized by Arab sheikhs.
They apparently had permits to hunt in that area inside Muthanna province, some 370 kilometres south-east of the Iraqi capital, Baghdad. Shiite militias are active in that area and work closely with the neighbouring Shiite power Iran. and the ~Iraqi interior ministry said the hunters had failed to heed government instructions to stay within secured areas of the desert.
A person involved in the negotiations said that 11 of the captives were members of Qatar’s Al Thani ruling family,
and that the Qatari group was being held by Iraqi Shiite militia Kata’eb Hizbollah. The group officially denies it was behind the kidnapping and no other group has publicly claimed responsibility for the abduction.
The abduction of the Qatari group drew Iran, Qatar and the Lebanese Shiite militant group Hizbollah into negotiations which are believed to he taken place in Beirut.
The negotiator said the continuing evacuation and transfer of thousands of Syrians from four besieged areas was central to the release of the Qataris. The two pro-government villages, Foua and Kfarya, had been besieged by rebel fighters and under a steady barrage of rockets and mortars for years. The two opposition-held towns, Zabadani and Madaya, were under government siege for joining the 2011 uprising against Syrian President Bashar Assad.
The opposition-run Britain-based Syrian Observatory for Human Rights, which monitors the Syrian conflict through a network of on-the-ground activists, says the transfer included 800 armed men from both sides. Rami Abdurrahman, who heads the group, lso said the population swap in Syria was directly tied to the issue of the kidnapped Qataris.
The population exchange has been criticised by human rights groups, which say it rewards siege tactics and amounts to forcible displacement along sectarian lines.
Iraqi interior ministry official Wahhab Al Taie said the hostages were all Qatari nationals and had been released into the custody of the Iraqi interior ministry. The group departed Friday afternoon on a private Qatari jet from Baghdad airport.
In a statement, interior ministry Qassem Al Araji raised the work of his ministry and the intelligence services in ensuring the hunters’ release.
The ministry would not provide details of the terms of their release but a source close to the negotiations said it was part of a broad regional deal between the kidnappers and Jabhat Al Nusra, formerly known as Fateh Al Sham Front. .
Qataris on social media shared their elation at the release. With a population of around 2.6 million people, the crisis reverberated across the small country.
Their release was a priority of Qatar’s foreign policy for more than a year, said David Weinberg, a senior fellow at the Foundation for Defence of Democracies.
Qatar says it does not support extremist groups in Syria or elsewhere.
Still, Qatar plays an important role by talking to groups that many governments want to distance themselves from, said Ayham Kamel of political risk consultancy Eurasia Group.
For example, Qatar’s capital city of Doha has hosted talks between the Taliban and Afghan government. Qatar has also secured the release of hostages in Syria’s civil war, including 13 Greek Orthodox nuns held by an al-Qaida affiliate there.
“They’re able to, at different times, be very pragmatic what about needs to be done in narrow agreements,” Mr Kamel said.
Qatar’s ruler Sheikh Tamim bin Hamad Al Thani called Iraq’s prime minister Haider Al Abadi to thank his government’s efforts to secure the release, according to a statement from the prime minister’s office.
Qatari officials did not respond to a request for comment.
* Associated Press, Agence France Presse nd Reuters
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
At a glance
- 20,000 new jobs for Emiratis over three years
- Dh300 million set aside to train 18,000 jobseekers in new skills
- Managerial jobs in government restricted to Emiratis
- Emiratis to get priority for 160 types of job in private sector
- Portion of VAT revenues will fund more graduate programmes
- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government
Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
Brief scoreline:
Crystal Palace 2
Milivojevic 76' (pen), Van Aanholt 88'
Huddersfield Town 0
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Company%C2%A0profile
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Match info
Manchester United 1 (Van de Beek 80') Crystal Palace 3 (Townsend 7', Zaha pen 74' & 85')
Man of the match Wilfried Zaha (Crystal Palace)
The%20specs
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FIXTURES
Saturday
5.30pm: Shabab Al Ahli v Al Wahda
5.30pm: Khorfakkan v Baniyas
8.15pm: Hatta v Ajman
8.15pm: Sharjah v Al Ain
Sunday
5.30pm: Kalba v Al Jazira
5.30pm: Fujairah v Al Dhafra
8.15pm: Al Nasr v Al Wasl
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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