Dissident in bid to unify Syria opposition


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DOHA // A soft-spoken Syrian dissident arrived in Doha yesterday, hoping to persuade 420 members of the Syrian National Council to join his US-backed initiative to rebuild his country's opposition.

Riad Seif, a former parliamentarian who has prostate cancer, has spent the past decade in and out of jail for his opposition to the Syrian president, Bashar Al Assad.

But since escaping Syria in June, he has started a new battle to unify the opposition into one that can win international recognition and channel support to the revolutionary forces.

Mr Seif said he was "very optimistic" that such unification could come as early as Thursday.

"The world is watching and now things must be changed. To say 'friends' is not enough. To act as a friend is what we need," he said.

Yesterday, activists said Syrian rebels had captured an oilfield in the country's east.

"The international society feels a little ashamed to how they have behaved with the Syrians," Mr Seif said at the Ritz-Carlton Hotel where the Qatari government is hosting the meetings.

"The Syrians are a victim of one of the worst regimes of the century. We need to be protected from the air forces of Assad and the tanks and all these heavy weapons."

Mr Seif said he would not lead a government in exile, but believed he could help unify forces.

"I am 66 years old. I am ill. I love Syria and I will do whatever I can but I am not the one to be prime minister," he said at the Ritz-Carlton Hotel, where the Qatari government is hosting the meetings.

The Britain-based Syrian Observatory for Human Rights' chief, Rami Abdul Rahman, said rebels overran the Al Ward oilfield in the province of Deir El Zour near the border with Iraq after three days of fighting with government troops protecting it. At least 220 people were killed yesterday in fighting across Syria, including 149 civilians, the organisations said.

The meetings in Doha come after what diplomats say are months of international frustration with the SNC. The body has failed to win widespread recognition and has had difficulty garnering financial support.

"The SNC can no longer be viewed as the visible leader of the opposition," the US secretary of state, Hillary Clinton, said last week in announcing American support for the plan.

Some perceive SNC members as being too close to the Muslim Brotherhood and with minimal links to those within Syria. Other say the SNC is made up of personalities rather than representatives with links to the ongoing conflict on the ground.

Mr Seif's proposal, called the Syrian National Initiative (SNI), would create a 50-member council, where the existing SNC would hold 15 seats. Also included on the council would be three seats for Kurdish parties, as well as increased representation from the Local Coordination Committees, the grassroots organisations behind the uprising.

Crucially, the new council would also aim to bring the military operations under its umbrella as well.

Yet while the current SNC would remain the largest part of the opposition, some in the group have resisted the new structure. Between meetings, over coffee and tea, SNC members expressed a variety of reactions, ranging from support to outright condemnation.

"Generally the direction among the SNC is to refuse the initiative," argued Abdulrahman Al Haj, a secular opposition leader and university professor, who was suspicious of the US commitment to the plan. "There is no trust between us and the western countries, after 35,000 people have died. They say they want to help but we want to see something with our eyes."

Others said that moves to broaden the opposition coalition were welcome. "We expect the new body to be more inclusive and more effective from the ground, so it will have a lot of credibility," said Molham Al Drobi, who is associated with the Muslim Brotherhood.

"I think there's still something foggy [about the] situation," said Mr Seif when asked if he thought the SNC would sign onto the new initiative. "Things must be clear and when things are clear I think every Syrian will agree that really we need an alternative to the regime."

The SNC will consider Mr Seif's proposal during two days of meetings this week. They will also attempt to reorganise themselves internally, electing new leadership, broadening their membership, and making plans to relocate into liberated areas along the Turkish border.

Tomorrow, a broader group of opposition figures, including dozens from inside Syria, will join the meetings. This larger group would then form Mr Seif's proposed 50-member council.

Mr Seif said that 12 nations had already signed onto his initiative, though he did not specify. He said he expected 100 countries would recognise a unified Syrian opposition if the meetings here in Doha succeed.

The Israeli forces chief, Benny Gantz, said yesterday the Syria conflict could become Israeli business, as fighting between regime forces and rebels raged near Israeli positions on the strategic Golan Heights. "This is a Syrian affair that could turn into our affair," the army's website quoted him as saying during a visit to troops on the frontier.

edickinson@thenational.ae

* with additional reporting by Bloomberg and Agence France-Presse

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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.”

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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