Syrian rebel-fighters from the National Liberation Front (NLF) secure a tank, part of heavy weapons and equipment withdrawn from a planned buffer zone around Idlib. AFP
Syrian rebel-fighters from the National Liberation Front (NLF) secure a tank, part of heavy weapons and equipment withdrawn from a planned buffer zone around Idlib. AFP
Syrian rebel-fighters from the National Liberation Front (NLF) secure a tank, part of heavy weapons and equipment withdrawn from a planned buffer zone around Idlib. AFP
Syrian rebel-fighters from the National Liberation Front (NLF) secure a tank, part of heavy weapons and equipment withdrawn from a planned buffer zone around Idlib. AFP

Syria's Idlib deal deadline approaches as most heavy weapons withdrawn


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As the new school year begins in Syria and children resume their studies, a different kind of deadline closes in on Idlib province. Wednesday marks the cut-off point for rebels to withdraw heavy weapons from buffer zones agreed between Russia and Turkey.

The pullback is the first major test of a deal brokered by Syrian government ally Russia and Turkey last month to avoid what the United Nations warned would be the appalling humanitarian consequences of a major government offensive on the rebel stronghold.

According to the Idlib agreement, shaken on by President Vladimir Putin and Recep Tayyep Erdogan in Sochi, Russia, a demilitarised zone between 15 and 20 kilometres wide ringing the province is to be established and patrolled by Turkish troops and Russian military police. In addition to this, "radical elements" are to be removed from the area by 15 October and two key highways running through Idlib reopened by the end of the year.

For weeks now Idlib’s residents have been spared the sound of jets rumbling overhead.

But while some civilians have breathed a cautious sigh of relief, the success of the agreement is not in their hands. It depends instead on the two key players on the ground – the Turkey-backed National Liberation Front (NLF) and Tahrir Al Sham, formerly Al Qaeda's Syria branch.

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Tahrir Al Sham, which controls more than two-thirds of the buffer zone around Idlib along with other groups, has so far not given any response to the truce. However on Saturday in an operation that continued until Tuesday evening Tahrir Al Sham and smaller factions quietly began withdrawing their heavy arms. By Tuesday evening both the National Liberation Front (NLF) and Tahrir Al Sham had reportedly withdrawn heavy weapons from nearly all of the planned buffer zone, suggesting a positive start to the agreement.

Over 1,000 militants have left the demilitarised zone, Russian Foreign Ministry spokeswoman Maria Zakharova told reporters on Wednesday.

By beginning to pull out its weapons, Tahrir Al Sham was "de facto" implementing the agreement, said the head of the Syrian Observatory for Human Rights.

A source close to Tahrir Al Sham told Agence France-Presse the group had come under pressure to fall in line to avoid further hardship for the rebel zone's three million residents, many of whom have fled previous bloody government offensives on other parts of Syria.

"Everybody has been forced to agree to the initiative, though reluctantly, so that people can enjoy a bit of security and safety after long years of suffering," the source said.

"No faction, rebel or jihadist, would be able to withstand the consequences of any escalation if the deal's terms were not met," said the Observatory's Rami Abdurrahman.

However, notes Sam Heller, a senior fellow with the International Crisis Group, the rebel groups have not surrendered their weapons but merely relocated them.

It is unclear where Tahrir Al Sham have moved their arms to and whether the weaponry is still seen as a threat by the regime of President Bashar Al Assad.

"We did not observe any movement of heavy weapons outside that area. They could have been moved to trenches or secret locations," said Mr Abdurrahman.

Tahrir Al Sham "definitely had some individual figures who took a hard line [against the elements of the agreement] but you don't know how much of that is for the consumption of HTS base," Mr Heller told The National, using an acronym for Tahrir Al Sham.

Meanwhile on Monday the pro-Ankara National Liberation Front said it had completed its weapons pullback.

In an interview with The National a senior opposition official expressed optimism, saying the agreement to avert an offensive signified a major step towards a negotiated solution to the conflict and away from the regime's military push to recapture all lost territory. 
"It kept the lines of the de-escalation zone unchanged, and secured the opposition control, with the Turkish army as a guarantor," said Hadi Al Bahra, a member of the Syrian negotiations commission.

“For the Russians it’s securing Hmeimim Air Base from the drone attacks. For Iran and the regime it’s more logistical [and] relates to opening the M4 and M5 routes. For the international community, it is the fight against terror, while for Turkey, it saved the civilian population and maintained its control over the area,” said Mr Al Bahra.

The seemingly positive turning point, however, has been undermined by some.

Mr Al Assad on Sunday insisted it was a "temporary measure" and Idlib would eventually return to state control.

However, says the ICG's Mr Heller, "the really decisive vote here belongs to Russia, and Russia is likely balancing a number of different considerations."

By Monday, the buffer zone must be free of all fighters – a successful withdrawal of fighters will be viewed as another step forward toward the end of the war's military phase.

More than 30,000 people have fled their homes since the regime and allied forces resumed air and ground bombardments in September. But as Idlib's children return to school and parents hope for their son's and daughter's safe return home, they can only wait and hope that the agreement holds.

"The steps that are outlined in this agreement are likely welcomed for Idlib civilians," said Mr Heller. "But if the agreement evolved further or if it proves just one step towards an outcome that is more controversial, then who knows."

Closing the loophole on sugary drinks

As The National reported last year, non-fizzy sugared drinks were not covered when the original tax was introduced in 2017. Sports drinks sold in supermarkets were found to contain, on average, 20 grams of sugar per 500ml bottle.

The non-fizzy drink AriZona Iced Tea contains 65 grams of sugar – about 16 teaspoons – per 680ml can. The average can costs about Dh6, which would rise to Dh9.

Drinks such as Starbucks Bottled Mocha Frappuccino contain 31g of sugar in 270ml, while Nescafe Mocha in a can contains 15.6g of sugar in a 240ml can.

Flavoured water, long-life fruit juice concentrates, pre-packaged sweetened coffee drinks fall under the ‘sweetened drink’ category
 

Not taxed:

Freshly squeezed fruit juices, ground coffee beans, tea leaves and pre-prepared flavoured milkshakes do not come under the ‘sweetened drink’ band.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates

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.”