TOPSHOT - Smoke rises above rebel-held areas of the city of Daraa, during reported airstrikes by Syrian regime forces on July 5, 2018. The Syrian government and its Russian ally pounded rebel-held areas of the southern province of Daraa today, with the heaviest air strikes of a two-week-old offensive, an AFP correspondent and a monitor reported. / AFP / Mohamad ABAZEED
Syria and its ally Russia bombarded rebel-held areas of Deraa province in 2018. AFP

Syrian opposition accuses Russia of betrayal as jets pound Deraa



Russia unleashed heavy air strikes on Deraa province on Thursday as the Syrian opposition accused Moscow of betraying its obligation to uphold a ceasefire in the country's south-west.

The renewed bombardment ended a four-day lull in a government offensive to retake Deraa as Russia negotiated with rebel groups for terms to hand over control of the area to Damascus. The talks collapsed on Wednesday with the rebels rejecting the demands laid down by Russia, a key ally of Syrian President Bashar Al Assad.

Mr Al Assad has set his sights on recapturing Deraa, considered the cradle of the uprising against him in 2011, as well as neighbouring Quneitra province, which border Jordan and the Israeli-occupied Golan Heights region.

"We expected Russia to take a different stance towards the Syrian people, yet we knew when the uprising happened that the Russian president was going to support the brutal regime," Yahya Al Aridi, spokesman for the Syrian High Negotiations Committee, told The National.

The heavy bombardment and ground assaults by pro-Assad forces have killed more than 100 civilians and forced about 330,000 civilians to flee their homes, triggering a fresh humanitarian crisis in Syria's seven-year-old civil.

World powers criticised the offensive for violating a "de-escalation" deal for southern Syrian that Moscow, Washington and Amman agreed upon last June, which was aimed at reducing the fighting and prevent it from reaching the borders with Jordan and Israel. The truce had largely held until Mr Al Assad's forces launched their offensive on Deraa on June 9.

"There needs to be a reactivation of the de-escalation agreement and for Russia to respect its word. It seems that it's not used to respecting its words," Mr Al Aridi said.

He said Washington agreed to the ceasefire because of its "closeness to Israel — what concerns the US the most in this region is Israel and it security".

"Israel claims either Assad stays in power, or let Syria get destroyed as long as its borders are protected by the regime," Mr Al Aridi said.

Washington had warned in May of "firm and appropriate measures" if Mr Al Assad attacked the de-escalation zone but later told rebels there that it would not  intervene on their behalf.

“As the world remains silent and the US being loose in its policy, it has allowed Putin to turn Syrians into mice by testing out his weapons,” Mr Al Aridi said. “There is no consideration for the civilians who are being punished on a daily basis.”

The displaced residents of Deraa are living in dire and insecure conditions, including 60,000 at the border crossing with Jordan, according to the UN. Both Jordan and Israel have kept their borders closed, despite mounting calls by rights groups to let Syrian civilians cross to safety.

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Read more

Israel’s Netanyahu to meet with Putin in Moscow next week

Jordan mediating Russia and rebel talks for souther Syria handover

WATCH: The devastation of Syria’s Deraa province

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The Syrian Observatory for Human Rights, a UK-based war monitor, said about 600 air strikes were reported in Deraa after the truce negotiations collapsed on Wednesday, including on rebel-held parts of Deraa city, the provincial capital.

The state news agency Sana said Syrian troops has entered the town of Saida after intense clashes. The town is about six kilometres from the Naseeb border crossing with Jordan, a major trade conduit that is one of the main goals of Mr Al Assad's offensive.

The Observatory said Thursday's bombardment was an "attempt to make the rebels back down after they refused to subject themselves to the Russian terms for a ceasefire".

The air strikes resumed on Wednesday afternoon after rebels met Russian negotiators and declared that the talks had "failed" over Moscow's demand that they surrender their heavy weapons.

"These were not negotiations but pressures, dictations, threats and humiliations," said Ibrahim Jabawi, spokesman for the rebels' joint operations room.

Mr Al Aridi said the Russians' claim that they were "combating terrorists in the region" was flawed as "ISIS and Al Nusra fighters managed to escape by shaving their beards and disguising themselves as women".

"It seems to us that even children that say 'no' to the Assad regime are considered terrorists," he said.

More than 30 towns have surrendered since the Deraa offensive began, extending the regime's control to about 60 per cent of the province — double what it held before.

Last week, the UN Syria envoy, Staffan de Mistura warned against the "devastating" battle.

“Let us be aware of what this would mean, if the south-west sees a full-scale battle to the end, it could be like eastern Aleppo and Eastern Ghouta combined together,” Mr de Mistura told the UN Security Council last week, referring to previous regime offensives that took a heavy toll on civilians.

The Security Council scheduled an emergency situation on Thursday to discuss the situation.

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Fuel economy, combined: 13.5L / 100km

'Shakuntala Devi'

Starring: Vidya Balan, Sanya Malhotra

Director: Anu Menon

Rating: Three out of five stars

MATCH INFO

Newcastle United 3
Gayle (23'), Perez (59', 63')

Chelsea 0

ABU DHABI'S KEY TOURISM GOALS: BY THE NUMBERS

By 2030, Abu Dhabi aims to achieve:

• 39.3 million visitors, nearly 64% up from 2023

• Dh90 billion contribution to GDP, about 84% more than Dh49 billion in 2023

• 178,000 new jobs, bringing the total to about 366,000

• 52,000 hotel rooms, up 53% from 34,000 in 2023

• 7.2 million international visitors, almost 90% higher compared to 2023's 3.8 million

• 3.9 international overnight hotel stays, 22% more from 3.2 nights in 2023

Getting there and where to stay

Etihad Airways operates seasonal flights from Abu Dhabi to Nice Côte d'Azur Airport. Services depart the UAE on Wednesdays and Sundays with outbound flights stopping briefly in Rome, return flights are non-stop. Fares start from Dh3,315, flights operate until September 18, 2022. 

The Radisson Blu Hotel Nice offers a western location right on Promenade des Anglais with rooms overlooking the Bay of Angels. Stays are priced from €101 ($114), including taxes.

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Engine: Single front-axle electric motor
Power: 218hp
Torque: 330Nm
Transmission: Single-speed automatic
Max touring range: 402km (claimed)
Price: From Dh215,000 (estimate)
On sale: September

Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

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.”

A MAN FROM MOTIHARI

Author: Abdullah Khan
Publisher: Penguin Random House
Pages: 304
Available: Now

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

UAE currency: the story behind the money in your pockets
Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

2017 RESULTS: FRENCH VOTERS IN UK

First round
Emmanuel Macron: 51.1%
Francois Fillon: 24.2%
Jean-Luc Melenchon: 11.8%
Benoit Hamon: 7.0%
Marine Le Pen: 2.9%

Second round
Emmanuel Macron: 95.1%
Marine Le Pen: 4.9%

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

START-UPS IN BATCH 4 OF SANABIL 500'S ACCELERATOR PROGRAMME

Saudi Arabia

Joy: Delivers car services with affordable prices

Karaz: Helps diabetics with gamification, IoT and real-time data

Medicarri: Medical marketplace that connects clinics with suppliers

Mod5r: Makes automated and recurring investments to grow wealth

Stuck: Live, on-demand language support to boost writing

Walzay: Helps in recruitment while reducing hiring time

UAE

Eighty6: Marketplace for restaurant and supplier procurements

FarmUnboxed: Helps digitise international food supply chain

NutriCal: Helps F&B businesses and governments with nutritional analysis

Wellxai: Provides insurance that enables and rewards user habits

Egypt

Amwal: A Shariah-compliant crowd-lending platform

Deben: Helps CFOs manage cash efficiently

Egab: Connects media outlets to journalists in hard-to-reach areas for exclusives

Neqabty: Digitises financial and medical services of labour unions

Oman

Monak: Provides financial inclusion and life services to migrants

THE SPECS
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Power: 279hp
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COMPANY PROFILE

Company name: OneOrder
Started: March 2022
Founders: Tamer Amer and Karim Maurice
Based: Cairo
Number of staff: 82
Investment stage: Series A

Company Profile

Company name: OneOrder

Started: October 2021

Founders: Tamer Amer and Karim Maurice

Based: Cairo, Egypt

Industry: technology, logistics

Investors: A15 and self-funded

The specs

Engine: 3.0-litre twin-turbo flat-six

Power: 480hp at 6,500rpm

Torque: 570Nm from 2,300-5,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 10.4L/100km

Price: from Dh547,600

On sale: now

Western Region Asia Cup T20 Qualifier

Sun Feb 23 – Thu Feb 27, Al Amerat, Oman

The two finalists advance to the Asia qualifier in Malaysia in August

 

Group A

Bahrain, Maldives, Oman, Qatar

Group B

UAE, Iran, Kuwait, Saudi Arabia

 

UAE group fixtures

Sunday Feb 23, 9.30am, v Iran

Monday Feb 25, 1pm, v Kuwait

Tuesday Feb 26, 9.30am, v Saudi

 

UAE squad

Ahmed Raza, Rohan Mustafa, Alishan Sharafu, Ansh Tandon, Vriitya Aravind, Junaid Siddique, Waheed Ahmed, Karthik Meiyappan, Basil Hameed, Mohammed Usman, Mohammed Ayaz, Zahoor Khan, Chirag Suri, Sultan Ahmed

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

Ain Issa camp:
  • Established in 2016
  • Houses 13,309 people, 2,092 families, 62 per cent children
  • Of the adult population, 49 per cent men, 51 per cent women (not including foreigners annexe)
  • Most from Deir Ezzor and Raqqa
  • 950 foreigners linked to ISIS and their families
  • NGO Blumont runs camp management for the UN
  • One of the nine official (UN recognised) camps in the region
The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

57 Seconds

Director: Rusty Cundieff
Stars: Josh Hutcherson, Morgan Freeman, Greg Germann, Lovie Simone
Rating: 2/5