A man walks with his bicycle at a damaged site in the besieged town of Douma, Eastern Ghouta, in Damascus, Syria March 30, 2018. REUTERS/Bassam Khabieh     TPX IMAGES OF THE DAY
A man walks with his bicycle at a damaged site in the besieged town of Douma, Eastern Ghouta. Bassam Khabieh / Reuters

Deal reached to move out Douma 'humanitarian cases'


The National

Negotiators in the last rebel-held bastion in Syria's Eastern Ghouta reached a deal with the Russian side to move the wounded from Douma to rebel-held northern Syria, local sources said.

The agreement was reached by the negotiating committee that comprises both civic leaders and representatives of Jaish Al Islam, the rebel faction in control of Douma, according to Reuters news agency.

Some 1,300 fighters, activists and civilians signed up to leave the town, according to the Syrian Observatory for Human Rights, based in Britain.

But while an agreement to evacuate wounded civilians was set in place late on Saturday, the fate of the rebel fighters remained unclear.

A council member of opposition-controlled Douma on Sunday denied earlier reports by the Syrian military media that the Jaish Al Islam faction had agreed to surrender the town to the regime.

The Central Military Media outlet, which is linked to the Syrian military, said that the rebel group had agreed to leave Douma for Jarablus, a town shared between rebel and Turkish control in northern Syria.

Council member Yad Abdelaziz said there was no such agreement in place, but that "humanitarian cases" would be allowed to evacuate on Monday.

Hundreds of residents are believed to require care for war wounds and medical conditions exacerbated by the siege. The government routinely blocks aid groups from evacuating patients from besieged areas for medical care.

An opposition official told Al Arabiya television that the Jaish Al Islam was still engaged in talks with Russia over the future of Douma.

Ahmad Ramadan said that Turkey, which backs various Syrian rebel groups, and shares control over a part of opposition territory in north Syria, is also party to the talks.

The committee has been working on a deal to spare the city an assault by the encircling Syrian army and its allies.

They threatened to storm the city if rebels did not surrender the last ground in the enclave in return for safe passage to insurgent-held territory.

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Read more:

Russia says operation in Eastern Ghouta is nearly over

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The Syrian army's efforts to recapture the area have been some of the most intense in the seven-year war.

After helping to turn the tide of the war in President Bashar Al Assad's favour with air power and military support since its intervention in 2015, Russia has increasingly cast itself as a peace-broker. Russian representatives have played a role in negotiating local ceasefires and evacuations.

Mr Al Assad and his allies say their offensive in Eastern Ghouta is necessary to end the rule of militants over the area's people, and to stop them shelling government areas.

People in besieged Eastern Ghouta have suffered shortages of food and medicine, and during the weeks-long battle they were often unable to leave their homes to bury the dead.

Tens of thousands of people have left Eastern Ghouta in recent weeks, although many civilians remain.

Douma was one of the earliest hubs of the uprising against Mr Al Assad in 2011. The security services responded by putting the town and other suburbs around Damascus under siege, bombing hospitals and residential areas, and blocking food and medical relief. Douma is one of the last pockets of the opposition around the capital to hold out against the government.

The Observatory monitoring group reported earlier in the day on Sunday that Russia's military police would be deployed inside Douma to take custodianship of the town.

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Director: Gina Prince-Bythewood

Stars: Viola Davis, Thuso Mbedu, Sheila Atim, Lashana Lynch, John Boyega 

Rating: 3/5

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

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If you go

The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at. 
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.   

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

The specs: 2024 Mercedes E200

Engine: 2.0-litre four-cyl turbo + mild hybrid
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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.”

CONFIRMED LINE-UP

Elena Rybakina (Kazakhstan)
Ons Jabeur (Tunisia)
Maria Sakkari (Greece)
Barbora Krejčíková (Czech Republic)
Beatriz Haddad Maia (Brazil)
Jeļena Ostapenko (Latvia)
Liudmila Samsonova
Daria Kasatkina
Veronika Kudermetova
Caroline Garcia (France)
Magda Linette (Poland)
Sorana Cîrstea (Romania)
Anastasia Potapova
Anhelina Kalinina (Ukraine)
Jasmine Paolini (Italy)
Emma Navarro (USA)
Lesia Tsurenko (Ukraine)
Emma Raducanu (Great Britain) – wildcard

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

Dubai Rugby Sevens

November 30, December 1-2
International Vets
Christina Noble Children’s Foundation fixtures

Thursday, November 30:

10.20am, Pitch 3, v 100 World Legends Project
1.20pm, Pitch 4, v Malta Marauders

Friday, December 1:

9am, Pitch 4, v SBA Pirates

Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: 

  • UAE bt Nepal by 78 runs
  • Hong Kong bt Singapore by 5 wickets
  • Oman bt Malaysia by 2 wickets

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
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Investors: Self, family and friends

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Directors: David and Alex Pastor
Stars: Georgina Campbell, Mario Casas, Diego Calva
Rating: 2/5

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Director: Ric Roman Waugh

Stars: Gerard Butler, Navid Negahban, Ali Fazal

Rating: 2.5/5

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4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.