ANTAKYA, TURKEY // Syrian rebels yesterday attacked Bashar Al Assad's convoy as he made his way to Eid prayers, according to opposition groups.
Early speculation he had been hurt was quickly dismissed by the regime, which denied there had been a strike against the president.
Mr Al Assad was on his way to the Anas bin Malik mosque in Damascus when his motorcade was targeted with rockets, according to an opposition activist. Residents reported that loud explosions had rocked the city centre at the time.
But Syrian information minister Umran Zaubie said publicly that reports of an attack were "wholly untrue".
"The president arrived at the mosque driving his own car, he attended the prayer and greeted everyone in the mosque as he does every day when he meets people," Mr Zaubie said.
If confirmed, the attack would be one of the most direct against Mr Al Assad in more than two years of conflict.
At least two Islamist rebel groups later claimed to have attacked Mr Al Assad's convoy.
"Liwa Al Islam used rocket fire to target the convoy, while other rebel groups used mortars," a spokesman said.
However, Mr Al Assad was later shown on state television calmly praying alongside Syria's grand mufti, Ahmad Hassoun, in the customary annual publicised ritual. State television said the images were filmed yesterday morning.
Details of exactly what happened remain vague, but residents of the wealthy central neighbourhoods where Mr Al Assad and the top echelon of regime loyalists live described a series of explosions.
"There was no Eid in Damascus after the crazy morning, we woke to the sound of explosions, much louder and closer than normal, we thought the area was being shelled," said a resident of Mezzeh.
He described eight consecutive blasts and said government jets appeared to have been scrambled to patrol over the city in response.
"Eid prayers were delayed for more than an hour as the security services responded to it all," he said. "After that, everything was quiet, I went out and there was no one around, everyone was inside, people were afraid."
A Syrian opposition activist based in the capital said rebels had fired mortars or rockets, targeting the roads they believed Mr Al Assad would be travelling on.
"My information is that it wasn't a bomb left for the motorcade, they were hoping to catch him in some mortar fire," the activist said.
On the diplomatic front, Russia rejected a Saudi proposal to abandon support for Mr Al Assad in return for a huge arms deal and a pledge to boost Russian influence in the Arab world, diplomats said yesterday.
Russia's president, Vladimir Putin, a strong backer of Mr Al Assad, last month met Saudi Arabia's influential intelligence chief Prince Bandar bin Sultan, after which both Moscow and Riyadh kept a lid on the substance of the talks.
"Every two years, Bandar bin Sultan meets his Russian counterparts, but this time, he wanted to meet the head of state," said a European diplomat who shuttles between Beirut and Damascus.
"During the meeting at the Kremlin, the Saudi official explained to his interlocutor that Saudi Arabia is ready to help Moscow play a bigger role in the Middle East at a time when the United States is disengaging from the region," the diplomat added.
Bandar proposed that Saudi Arabia buy $15 billion (Dh55bn) of weapons from Russia and invest "considerably in the country", the source said.
After recent military gains by regime forces in central Syria, and reports on Wednesday that his forces had killed 62 rebels in an ambush to the north-east of Damascus, Mr Al Assad has struck an increasingly confident pose.
He recent told a gathering of loyalists that war, not political dialogue was the only way to end the crisis, and that those fighting him would be crushed.
Fighting has been intense across much of Syria throughout Ramadan. The Syrian Observatory for Human Rights yesterday said almost 4,500 people had been killed during the holy month.
Rebel mortar fire, which has become more frequent in the capital according to activists, residents and Free Syrian Army fighters, may have been more of an effort to undermine the state's propaganda of a president relaxed enough to pray in public, and remind the regime the war is far from over.
Underscoring that message, as Mr Al Assad was shown on state television in Damascus, Ahmad Jarba, the head of the opposition Syrian National Coalition, was reported to be in the southern province of Deraa, the birthplace of the March 2011 revolt.
An SNC source said Mr Jarba had participated in Eid prayers, and then toured areas held by rebel units.
Repeated military campaigns since the first protests took place there - and since the first peaceful protesters were shot down by regime security forces - have failed to subdue the province.
More than 100,000 people have been killed in Syria since the start of the uprising, according to the United Nations, with millions more forced to flee their homes.
psands@thenational.ae
With additional reporting by Agence France-Presse
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The%20Iron%20Claw
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MATCH INFO
Liverpool 3
Sadio Man 28'
Andrew Robertson 34'
Diogo Jota 88'
Arsenal 1
Lacazette 25'
Man of the match
Sadio Mane (Liverpool)
The specs: 2018 BMW R nineT Scrambler
Price, base / as tested Dh57,000
Engine 1,170cc air/oil-cooled flat twin four-stroke engine
Transmission Six-speed gearbox
Power 110hp) @ 7,750rpm
Torque 116Nm @ 6,000rpm
Fuel economy, combined 5.3L / 100km
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%20specs
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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.
Directed by Sam Mendes
Starring Dean-Charles Chapman, George MacKay, Daniel Mays
4.5/5
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
MATCH INFO
Leeds United 0
Brighton 1 (Maupay 17')
Man of the match: Ben White (Brighton)
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
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Our Time Has Come
Alyssa Ayres, Oxford University Press
Bridgerton%20season%20three%20-%20part%20one
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COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
SQUAD
Ali Khaseif, Fahad Al Dhanhani, Adel Al Hosani, Mohammed Al Shamsi, Bandar Al Ahbabi, Mohammed Barghash, Salem Rashid, Khalifa Al Hammadi, Shaheen Abdulrahman, Hassan Al Mahrami, Walid Abbas, Mahmoud Khamis, Yousef Jaber, Saeed Ahmed, Majed Sorour, Majed Hassan, Ali Salmeen, Abdullah Ramadan, Khalil Al Hammadi, Fabio De Lima, Khalfan Mubarak, Tahnoun Al Zaabi, Ali Saleh, Caio Canedo, Muhammed Jumah, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri
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
Company%20profile
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