Libya army arrests militia to free up Tripoli airport



CAIRO // Normal service gradually resumed at Tripoli's airport yesterday, with some flights taking off and landing, after Libyan security forces and militias arrested dozens of armed men who had staged a takeover on Monday.

The revolutionary Al Awfea militia from the town of Tarhona, who brought with them anti-aircraft weapons and a tank, took over the commercial airport on Monday after the still-unsolved disappearance of their commander.

The motivation for the raid was to pressure the government to explain the whereabouts of Col Abu Ajila Al Habshi, according to the official Lana news agency.

Tripoli's security commission, which answers to the interior ministry, said it had nothing to do with "the disappearance and abduction of Col Abu Ajila Al Habshi" and that it was still tracking those responsible.

Government officials said that the men were surrounded on Monday evening by the national army and by revolutionary fighters now working with the interior ministry, and that 30 to 50 men had given up their weapons without heavy fighting and were under investigation.

But on Monday night, according to reports, Tripoli resembled the heavily militarised environment it became during the fighting last year that culminated in the fall of Muammar Qaddafi, as militia checkpoints sprung up in many streets.

Omar Al Khadrawi, the deputy interior minister, said on Monday that in the wake of the attack, the army was preparing a better plan for protection of the city, and faced questions as to why it had been possible for the men to stage the attack.

Mohamed Al Sabbee, a spokesman of the prime minister's office, said the decision was taken not to engage the Awfea militia while they were on their way to the airport as a means of reducing the risk of heavy fighting on Tripoli's streets.

Mr Al Khadrawi said the "saboteurs" also blew up a hangar and set fire to fields surrounding the airport. "We will alert airline companies that the airport will be shut over the next 24 hours," he said, adding that technical issues, such as the rupture of communication lines, needed to be fixed before flights could resume.

Although there was exchange of fire, said Mr Al Sabbee, speaking yesterday, "it wasn't real fighting, because they found themselves in a minority".

"They could have captured them at the beginning, but it would have caused dead people and injuries so they decided to surround them and talk to them."

Yesterday morning, there were some militia checkpoints in the streets but by evening the city had returned to normal, said residents. The detainees were being held in the Mitiga military airport, awaiting investigation, according to a spokesman for the Tripoli local council.

The swift response of the army and militias that support it were possible because the incident took place in the capital, where the transitional government's shaky security forces have some traction, said David Hartwell, and analyst with IHS Jane's.

"The government has had real difficulty disarming the militias who fought against Qaddafi but now want to stake a claim to what happens next," he said. "There are a lot of local grievances around, and many groups take action on their own - for good reasons or using excuses to assert themselves."

* With additional reporting by Agence France-Presse

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3pm: Maiden Dh165,000 (Dirt) 1,400m, Winner: Lancienegaboulevard, Adrie de Vries (jockey), Fawzi Nass (trainer).

3.35pm: Maiden Dh165,000 (Turf) 1,600m, Winner: Al Mukhtar Star, Adrie de Vries, Fawzi Nass.

4.10pm: Handicap Dh165,000 (D) 2,000m, Winner: Gundogdu, Xavier Ziani, Salem bin Ghadayer.

4.45pm: Handicap Dh185,000 (T) 1,200m, Winner: Speedy Move, Sean Kirrane, Satish Seemar.

5.20pm: Handicap Dh185,000 (D) 1,600m, Winner: Moqarrar, Dane O’Neill, Erwan Charpy.

5.55pm: Handicap Dh175,000 (T) 1,800m, Winner: Dolman, Richard Mullen, Satish Seemar.

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The bio

Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home

The schedule

December 5 - 23: Shooting competition, Al Dhafra Shooting Club

December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq

December 11 - 20: Dates competition, from 4pm

December 12 - 20: Sour milk competition

December 13: Falcon beauty competition

December 14 and 20: Saluki races

December 15: Arabian horse races, from 4pm

December 16 - 19: Falconry competition

December 18: Camel milk competition, from 7.30 - 9.30 am

December 20 and 21: Sheep beauty competition, from 10am

December 22: The best herd of 30 camels

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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.”

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Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
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How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

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There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

COMPANY PROFILE

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Law 41.9.4 of men’s T20I playing conditions

The fielding side shall be ready to start each over within 60 seconds of the previous over being completed.
An electronic clock will be displayed at the ground that counts down seconds from 60 to zero.
The clock is not required or, if already started, can be cancelled if:
• A new batter comes to the wicket between overs.
• An official drinks interval has been called.
• The umpires have approved the on field treatment of an injury to a batter or fielder.
• The time lost is for any circumstances beyond the control of the fielding side.
• The third umpire starts the clock either when the ball has become dead at the end of the previous over, or a review has been completed.
• The team gets two warnings if they are not ready to start overs after the clock reaches zero.
• On the third and any subsequent occasion in an innings, the bowler’s end umpire awards five runs.

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Director: Siddharth Anand 

Stars: Shah Rukh Khan, Deepika Padukone, John Abraham 

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