Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan prepare to enter talks on Syria. EPA
Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan prepare to enter talks on Syria. EPA
Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan prepare to enter talks on Syria. EPA
Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan prepare to enter talks on Syria. EPA

Al Qaeda-linked Syria group breaks Idlib truce, killing 21 regime forces


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A Syrian militant group linked to Al Qaeda killed 21 regime and allied forces on Sunday near Idlib province, in one of the most serious breaches of a six-month-old truce deal.

"At dawn, 21 fighters from the regime forces or allied militia were killed in an attack by Ansar Al Tawhid," the Syrian Observatory for Human Rights said.

"Five militants were also killed," said Rami Abdulrahman, the director of the monitoring group in Britain.

Ansar Al Tawhid has ties to the larger Hurras Al Deen group, which is also active in the area. Both are considered semi-official franchises of Al Qaeda in Syria.

Idlib and small parts of the adjacent provinces of Hama and Aleppo are mostly controlled by the rival organisation Hayat Tahrir Al Sham.

Hayat Tahrir is led by fighters who belonged to Al Qaeda's former affiliate in Syria, Jabhat Al Nusra.

Sunday's deadly attack was carried out against regime positions in the village of Masasna, in the north of Hama province, the Observatory said.

"It was one of the highest casualty figures among regime ranks since the Putin-Erdogan deal," Mr Abdulahman said.

He was referring to an agreement reached in the Russian resort of Sochi between Russian President Vladimir Putin and Turkish leader Recep Tayyip Erdogan.

Under the September 17 deal, Turkey would exert its influence over anti-regime groups in the Idlib region to get them to pull back their fighters and heavy weapons from a demilitarised zone.

The agreement was meant to stave off a planned offensive by the regime and its Russian backers, which aid groups feared could spark the eight-year Syrian conflict's worst humanitarian crisis yet.

The government assault on the last major bastion of forces opposed to President Bashar Al Assad's rule has been held off but the deal's provisions have not been implemented and the truce looks shakier than ever.

Since the Sochi agreement, Hayat Tahrir has consolidated its grip on Idlib and Turkey appears to be in no position to deliver on its commitment.

Breaches of the demilitarised zone have increased sharply in recent days. Another 20 regime and allied forces were killed in three days of clashes about a week ago.

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The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206.4-litre%20V8%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E470bhp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E637Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh375%2C900%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20now%3C%2Fp%3E%0A
COMPANY%20PROFILE
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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

COMPANY%20PROFILE
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Diriyah%20project%20at%20a%20glance
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French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

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