BEIRUT // The dead can lie uncollected in Homs until the shooting dies down or darkness screens their recovery. In daytime, sniper fire and bursts from heavy machineguns can make it too dangerous to retrieve the corpses of people shot on the open street.
Accounts from people who have witnessed the scene in recent days, some having been wounded and escaped abroad, say the shooting is heavy and often indiscriminate. Together with video distributed by opposition activists, it suggests that some parts of the city of more than a million people now resemble a war zone.
Homs has become the centre of resistance to months of repression by the army and security forces of Syria's President Bashar Al Assad. Mr Al Assad insists there is no shoot-to-kill policy.
Mohammed, 20, is an army conscript who defected. He was shot while fighting in Homs a week or so ago and carried to safety. Now in Lebanon, he is recovering from multiple bullet wounds.
"I was lying on the ground for hours with my friends. Five of them were dead. I eventually passed out and didn't wake up until much later that night when the gunfire stopped. Our friends could come retrieve our bodies," said Mohammed, who spoke on condition his family name was not used.
"The bodies can lie in the roads for hours until the shooting stops long enough to go out on the street."
The United Nations says at least 4,000 people have been killed in Syria since March. The government says more than 1,000 members of its security services have been killed.
They are the targets, it says, of "armed terrorist gangs" taking money, orders and weapons from abroad to destabilise Syria, stirring up revolt as part of a foreign conspiracy.
Tayfun Sari, 38, a Turkish lorry driver, arrived from Syria at the Turkish border last week looking like he had not slept in days. He described a scene of chaos and fear.
"If anyone wants to end his life or kill himself he should go to Syria," Mr Sari said. "They are shooting civilians."
"I saw five soldiers dead on the road after Homs to Turkey and nobody was doing anything for them. They were lying on the road. I saw military tanks on the road between Homs and Hama. In Homs, civilians were cutting off the road with burning tyres and the military was opening fire on protesters.
"There were many bullet casings on the road and some trucks had flat tyres. I was caught in crossfire but luckily my lorry was not hit. I saw a Syrian military vehicle on fire and a house on fire."
From districts of Homs where residents are defying orders to stop protesting, videos show camouflaged bunkers, armoured fighting vehicles, riddled and burnt-out cars, bullet-raked shopfronts and people crouching to dart across empty streets.
The video shows how defiance persists. Flash demonstrations by hundreds form in narrow streets, chanting and waving the old Syrian flag. In images over the past week, they gather, shout slogans against Mr Al Assad, and scatter when shooting starts.
Mr Al Assad, whose 11 years in power have continued a family rule established by his father in 1970, denies that the army or police have deliberately used lethal forces against peaceful demonstrators: "We don't kill our people," he said on last week. "There was no command to kill or be brutal."
According to some activists the number of dead since March is now well beyond 4,000. One site lists 4,330 by name.
With up to a quarter of the victims coming from the security forces, military funerals held almost daily feature honour guards and laurel wreaths for "martyrs killed by terrorists".
Widely differing estimates of death tolls cannot be resolved. Personal accounts can be challenged and contradicted.
Not every portion of film can be vouched for as genuine and newly shot. But those hundreds of bursts of video streaming out of Syria, many from sources known to Reuters and checked by independent journalists familiar with Homs and other cities, display an undeniable picture of extreme violence.
UAE currency: the story behind the money in your pockets
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 Laughing Apple
Yusuf/Cat Stevens
(Verve Decca Crossover)
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
Killing of Qassem Suleimani
Avatar%3A%20The%20Way%20of%20Water
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EJames%20Cameron%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ESam%20Worthington%2C%20Zoe%20Saldana%2C%20Sigourney%20Weaver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5