Syrians check the damage in an area targeted by reported air strikes by pro-government forces in the town of Binnish in Idlib province on June 11, 2018. Omar haj Kadour / AFP
Syrians check the damage in an area targeted by reported air strikes by pro-government forces in the town of Binnish in Idlib province on June 11, 2018. Omar haj Kadour / AFP
Syrians check the damage in an area targeted by reported air strikes by pro-government forces in the town of Binnish in Idlib province on June 11, 2018. Omar haj Kadour / AFP
Syrians check the damage in an area targeted by reported air strikes by pro-government forces in the town of Binnish in Idlib province on June 11, 2018. Omar haj Kadour / AFP

Fifteen civilians killed in regime strikes on Syria's Idlib, monitor says


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At least 15 civilians were killed on Sunday by government air strikes in north-western Syria, a war monitored said as the United Nations voiced concern about an escalation in fighting and air strikes in Idlib province.

The raids hit a string of towns and villages in Idlib, which is almost entirely controlled by extremist groups and hardline rebels.

Ten people, including four children, were killed in the town of Taftanaz, said the UK-based Syrian Observatory for Human Rights. Five other civilians were killed in other towns.

Observatory chief Rami Abdel Rahman said strikes had also hit near a children’s hospital, which was forced to shut down.

The strike came a day after militants from Al Qaeda's former Syrian affiliate attacked the villages of Fuaa and Kafraya, which are held by forces loyal to Syrian President Bashar Al Assad.

Late on Saturday, Hayat Tahrir Al Sham (HTS) and allied fighters shelled Fuaa and Kafraya heavily and clashed with local fighters.

"This is the fiercest attack in around three years," Mr Abdel Rahman said, adding that Sunday's deadly air strikes were in response to the extremists' assault.

Six Syrian pro-regime fighters and at least three from HTS were killed in the fighting, which continued on Sunday.

Fuaa and Kafraya are the only two places in Syria currently designated by the UN as besieged after the government recaptured the Yarmouk Palestinian camp in southern Damascus.

The villages are home to an estimated 8,100 people, most of them Shiite Muslims.

They came under siege in 2015, when rebels ousted regime forces from the vast majority of Idlib province.

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Meanwhile, UN Secretary-General Antonio Guterres called for an investigation of air strikes believed to have been carried out by Russian jets in Syria that killed dozens, including children.

The attack on the night of June 7 targeted the village of Zardana in Idlib province and left 44 dead, including six children, according to the Observatory.

In a statement, Mr Guterres expressed "deep concern" about the strikes and called for a "full investigation into the attacks, especially allegations that there was also a second strike targeting first responders, to establish accountability”.

He recalled that Idlib is part of the de-escalation agreement for Syria reached between Turkey, Russia and Iran, and urged those guarantors to uphold their commitment.

On Monday, the UN regional humanitarian co-ordinator for Syria, Panos Moumtzis called on major powers to broker a negotiated settlement to end the war and avoid a bloodbath in Idlib.

Panos Moumtzis, UN Regional Humanitarian Coordinator for the Syria Crisis, informs the media during a press conference on latest developments on humanitarian access in Syria, at the European headquarters of the United Nations in Geneva, Switzerland, on June 11, 2018. Salavtore Di Nolfi / EPA
Panos Moumtzis, UN Regional Humanitarian Coordinator for the Syria Crisis, informs the media during a press conference on latest developments on humanitarian access in Syria, at the European headquarters of the United Nations in Geneva, Switzerland, on June 11, 2018. Salavtore Di Nolfi / EPA

"We worry about 2.5 million people becoming displaced towards Turkey. There is no other location to move them to [in Syria]," he told a news briefing in Geneva.

According to the UN, more than 920,000 people have been displaced in Syria this year, the highest level since the start of conflict in 2011.

HTS and its allies control about 60 per cent of Idlib. Its local rivals hold about a third and the regime controls about 10 per cent, according to the Observatory.

Since Russia intervened in support of the Syrian regime in 2015, the government has regained control of about half of the country.

More than 350,000 people have been killed in the Syrian war since it started in 2011 with the brutal repression of anti-government protests.

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The biog

Mission to Seafarers is one of the largest port-based welfare operators in the world.

It provided services to around 200 ports across 50 countries.

They also provide port chaplains to help them deliver professional welfare services.

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

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Favourite place to travel to: “Thailand, as it's gorgeous, food is delicious, their massages are to die for!”  

Favourite food: “I'm a vegetarian, so I can't get enough of salad.”

Favourite film:  “I love watching documentaries, and am fascinated by nature, animals, human anatomy. I love watching to learn!”

Best spot in the UAE: “I fell in love with Fujairah and anywhere outside the big cities, where I can get some peace and get a break from the busy lifestyle”

The specs: 2018 Maserati Ghibli

Price, base / as tested: Dh269,000 / Dh369,000

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World Sevens Series standing after Dubai

1. South Africa
2. New Zealand
3. England
4. Fiji
5. Australia
6. Samoa
7. Kenya
8. Scotland
9. France
10. Spain
11. Argentina
12. Canada
13. Wales
14. Uganda
15. United States
16. Russia

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
INDIA SQUAD

Virat Kohli (capt), Rohit Sharma, Shikhar Dhawan, KL Rahul, Vijay Shankar, MS Dhoni (wk), Kedar Jadhav, Dinesh Karthik, Yuzvendra Chahal, Kuldeep Yadav, Bhuvneshwar Kumar, Jasprit Bumrah, Hardik Pandya, Ravindra Jadeja, Mohammed Shami

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Teams:
Punjabi Legends 
Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

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Jordan cabinet changes

In

  • Raed Mozafar Abu Al Saoud, Minister of Water and Irrigation
  • Dr Bassam Samir Al Talhouni, Minister of Justice
  • Majd Mohamed Shoueikeh, State Minister of Development of Foundation Performance
  • Azmi Mahmud Mohafaza, Minister of Education and Minister of Higher Education and Scientific Research
  • Falah Abdalla Al Ammoush, Minister of Public Works and Housing
  • Basma Moussa Ishakat, Minister of Social Development
  • Dr Ghazi Monawar Al Zein, Minister of Health
  • Ibrahim Sobhi Alshahahede, Minister of Agriculture and Minister of Environment
  • Dr Mohamed Suleiman Aburamman, Minister of Culture and Minister of Youth

Out

  • Dr Adel Issa Al Tawissi, Minister of High Education and Scientific Research
  • Hala Noaman “Basiso Lattouf”, Minister of Social Development
  • Dr Mahmud Yassin Al Sheyab, Minister of Health
  • Yahya Moussa Kasbi, Minister of Public Works and Housing
  • Nayef Hamidi Al Fayez, Minister of Environment
  • Majd Mohamed Shoueika, Minister of Public Sector Development
  • Khalid Moussa Al Huneifat, Minister of Agriculture
  • Dr Awad Abu Jarad Al Mushakiba, Minister of Justice
  • Mounir Moussa Ouwais, Minister of Water and Agriculture
  • Dr Azmi Mahmud Mohafaza, Minister of Education
  • Mokarram Mustafa Al Kaysi, Minister of Youth
  • Basma Mohamed Al Nousour, Minister of Culture