Iraqi prime minister Haider Al Abadi, centre, declares Mosul's liberation from ISIL in the northern Iraqi city on July 10, 2017, after nine months of fierce fighting by Iraqi forces and a US-led coalition to oust the militants from their final stronghold in the country. Iraq Prime Minister's Office / EPA
Iraqi prime minister Haider Al Abadi, centre, declares Mosul's liberation from ISIL in the northern Iraqi city on July 10, 2017, after nine months of fierce fighting by Iraqi forces and a US-led coaliShow more

Iraq declares 'final victory' over ISIL in Mosul



MOSUL // Prime minister Haider Al Abadi declared victory over ISIL in Mosul on Monday evening, after nearly nine months of gruelling combat to drive the militants out of Iraq's second-largest city.

"We announce the total victory for Iraq and all Iraqis," Mr Al Abadi said, speaking from a small base in western Mosul on the edge of the Old City, where the last pockets of resistance had been holding out.

"I announce here to the whole world today the end and failure and collapse of the mythical terrorist Daesh state," Mr Al Abadi said in a televised address.

Air strikes by the US-led coalition against ISIL continued to pound Mosul's historic centre earlier on Monday, a day after the prime minister flew in to announce that city taken by ISIL in June 2014 had been "liberated".

But in spite of nationwide celebrations on Sunday, civilians remained trapped inside the north-west part of the Old City where ISIL fighters had made a final stand in the past weeks, as exposed to the bombs as the surviving militants.

There was sporadic gunfire on Monday, but military efforts to eliminate the last pocket of resistance were largely limited to a barrage from above by the US-led coalition.

In a sign of desperation, a group of about 130 militants staged a kamikaze style attack on army positions in the afternoon in an attempt to break out from the northern edge of the Old City.

They were repelled with the help of air strikes, but firefights and heavy bombardment continued until nightfall.

From early morning, dishevelled families with emaciated children and exhausted elderly members trickled out of the militant-held area on western bank of the Tigris, a sliver of territory no more than 60 metres by 300m. Gaunt and perspiring, most did not even have the strength to carry bags, and they struggled to prop up elderly women on the point of collapse and haul their infants with them.

But despite their condition, they were met with distrust and hostility by Iraqi forces, who consider them to be ISIL members.

The extremists retreated into the Old City with their families as they lost control of the rest of Mosul, and in the final stages of the battle their wives — and even children — began to play an active role in the fighting, Iraqi soldiers say. In the past few weeks, some ISIL women wearing explosive vests have mixed in with escaping civilians and blown themselves up upon reaching Iraqi military lines.

A series of loud explosions shook the ground around the Old City and sent huge pillars of smoke into the sky on Monday before a throng of soldiers emerged from the historic area's ruins and passed the tanks and armoured vehicles lined up under Mosul's fifth bridge crossing the Tigris.

Shouting and cheering, the soldiers pushed in front of them a thin young man whose hands had been tied behind his back with a piece of cloth. Wearing only a pair of baggy trousers, his face was obscured by a bushy beard and soot that blackened his skin. A soldier kicked him from behind and followed up by jabbing a rifle barrel into his back.

Terrified, the man pleaded his innocence, and was spared mob justice when he was led off to an intelligence service base down the road. There, detained men with their hands bound were forced to squat next to a wall, exposed to the blazing sun. Their families huddled in the shade of a nearby building, occasionally shooting suspicious glances at the soldiers milling around.

The intensity of the air strikes contrasted with the inactivity of the soldiers surrounding the militant-held area, from where smoke seldom ceased to rise. Large ordinance could be seen dropping from the sky, and explosions reverberated through the dusty streets and narrow alleys at regular intervals.

Iraqi forces came to increasingly rely on air support in the final months of the battle for Mosul, and the air strikes intensified after the assault on the Old City began. There is little chance of anything but rubble remaining in the area not yet liberated.

On the edge of the Old City, west Mosul has begun what is likely to be a slow recovery. Amid rows of shattered shopfronts, some merchants have replenished their shelves, selling soft drinks, sweets and cigarettes, forbidden under ISIL's fundamentalist rule.

"We are getting more business now than when we reopened the shop a month ago. More people are coming back from the camps, about one hundred families now live in this neighbourhood," said Ahmed, whose shop is located a few hundred metres from the Old City.

A little further out still, diggers were laying water pipes on a main road torn up by air strikes, a common tactic to prevent ISIL from using suicide car bombs. Car repair shops were busy patching up vehicles with shattered windscreens, doors torn off or roofs caved in.

Despite these limited signs of recovery, destruction is widespread in west Mosul, where fighting began in February. Family homes, commercial buildings and schools all lie in rubble.

The destruction provides some survivors with a meagre source of revenue, however: boys as young as five were on Monday scavenging the ruins for scrap metal to sell for a few dollars, allowing them to feed their families for another day.

In a statement issued by the White House, U.S. President Donalt Trump said: "Today, Iraqi Security Forces, supported by the United States and the Global Coalition, liberated the city of Mosul from its long nightmare under the rule of ISIS.

"We congratulate Prime Minister Haider al-Abadi, the Iraqi Security Forces, and all Iraqis for their victory over terrorists who are the enemies of all civilized people.

"We mourn the thousands of Iraqis brutally killed by ISIS and the millions of Iraqis who suffered at the hands of ISIS. We grieve with the Iraqi people for the loss of the heroic soldiers and Peshmerga who gave their lives to restore life to their country, and we honor their sacrifice.

"We in the United States and the Global Coalition are proud to stand with the Iraqi Security Forces and all those who made this moment of liberation possible.

"We have made tremendous progress against ISIS – more in the past 6 months than in the years since ISIS became a major threat.  The victory in Mosul, a city where ISIS once proclaimed its so-called 'caliphate', signals that its days in Iraq and Syria are numbered. We will continue to seek the total destruction of ISIS."

The 12 breakaway clubs

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

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.”

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Aahid Al Khalediah II, Pat Cosgrave (jockey), Helal Al Alawi (trainer)

5.30pm: Handicap (PA) Dh80,000 (T) 2,200m; Winner: Whistle, Harry Bentley, Abdallah Al Hammadi

6pm: Wathba Stallions Cup - Maiden (PA) Dh70,000 (T) 1,600m; Winner: Alsaied, Szczepan Mazur, Ibrahim Al Hadhrami

6.30pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Mumayaza, Antonio Fresu, Eric Lemartinel

7pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi

7.30pm: President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Richard Mullen, Jean de Roualle

8pm: President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Medahim, Richard Mullen, Satish Seemar

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
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  • Users must avoid flying over restricted areas listed on the UAE Drone app
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A Cat, A Man, and Two Women
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Tamizaki
Translated by Paul McCarthy
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Surianah's top five jazz artists

Billie Holliday: for the burn and also the way she told stories.  

Thelonius Monk: for his earnestness.

Duke Ellington: for his edge and spirituality.

Louis Armstrong: his legacy is undeniable. He is considered as one of the most revolutionary and influential musicians.

Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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Engine: 3-litre V6

Transmission: eight-speed automatic

Power: 424hp

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Price: From Dh399,000

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Despacito's dominance in numbers

Released: 2017

Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon

Views: 5.3 billion on YouTube

Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification

Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.

Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards

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What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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