Test for Assad and Syria comes today after calls for mass rallies


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DAMASCUS // President Bashar al Assad's refusal to make quick political concessions in the face of an unprecedented public uprising will be tested today in what is likely to be a critical 24 hours in determining Syria's fate.

The country has been tense since Wednesday afternoon when, in a highly anticipated speech, Mr al Assad defied broad expectations that he would announce immediate major reforms and, instead, labelled protests an act of foreign conspiracy that he was prepared to fight against.

In response, anti-government demonstrators have called for mass rallies nationwide today - internet forums have dubbed it "Martyrs' Day" - saying Mr al Assad had failed to meet even their minimum hopes for increased freedoms and civil liberties.

An adviser to the government, speaking on condition of anonymity, said: "Friday will decide everything, if there are no protests, or just very small demonstrations, then the authorities have won and this has ended. But if there are bigger protests, then the country will be walking along an unknown path." .

A Syrian political analyst said the authorities had gambled on the president having a wide base of public support - the silent majority - while facing down hardcore protesters by refusing to show any sign of weakness under pressure.

"The government has made its move, and now the people will make theirs," he said, also on condition of anonymity because of the sensitive nature of the comments. "If Syrians stay in their homes on Friday it means they have accepted it will be business as usual. If there are larger protests than we saw last week, then it means this will all escalate."

While no concrete political reforms were outlined by Mr al Assad in his Wednesday speech, yesterday he issued three decrees that appeared designed to address some of the demands protesters have made, including calls to scrap repressive emergency laws.

One of the presidential orders established a committee of senior lawyers to draw up new legislation that will preserve "the country's security, the dignity of citizens and combat terrorism" in preparation for the lifting of the state of emergency. The committee has been told to complete its work before April 25,

Syria has been governed under martial law since the ruling Baath party seized power in 1963. The measure has been justified on the grounds of an ongoing war with Israel, but has been used in practice to jail thousands of political dissidents and regime critics.

Yesterday's second decree established a judicial committee to investigate killings in Deraa and Latakia, where dozens of protesters have been fatally shot by security forces, according to human rights monitors. The government says security officers have also been killed and has blamed militant Islamic groups for the deaths.

That decree goes further than a previous presidential order to investigate four fatal shootings in Deraa, 100 kilometres south of Damascus, on March 18, when security units used live ammunition against civilian protesters. It was that incident which ignited a wave of unrest that subsequently spread across the country and which has come to pose the most serious threat to Mr al Assad's 11-year rule. The third order issued on Wednesday established another committee to study the case of some 300,000 stateless Kurds - Syrians who have lived without nationality or basic rights since a 1962 census in 1962 declared them to be foreigners. A deadline of April 15 was given for the committee to report back to Mr al Assad, before "suitable' legal steps are taken.

If stateless Kurds are given Syrian nationality, it would address an issue for which Syria has been criticised by the international community for years. It might also ensure that Kurds, long seen as a community willing to rebel against the central authorities, refrain from joining the protests that have rocked Syria since the Deraa shootings.

These various steps towards reform may help to prevent a further escalation of public protests today. If, however, that escalation does occur, with the president himself now having called for demonstrations to end, continued protests seem likely to face zero tolerance from Syria's myriad security agencies.

Events in the port city of Latakia since the speech provide some indication of what may be coming. On Wednesday, after Mr al Assad addressed the nation, angry demonstrators took to the streets again and, according to unconfirmed reports from human-rights groups, came under fire from government forces.

The authorities have not commented on the incident but have said that while they will not shoot at peaceful protesters, they will fight the "armed gangs" and "instigators" they say are responsible for the violence.

Military units have been deployed to Latakia amid fears that a sectarian conflict could erupt between Syria's Sunni majority and the Allawite community, the minority Shiite sect that wields power in the country.

Syria is the latest in a line of autocratic Middle Eastern countries to face popular uprisings, which have already resulted in the toppling of well-established, apparently stable regimes in Tunisia and Egypt.

Mr al Assad insists that events in Syria are not part of that trend, blaming a small group of foreign agitators for hijacking legitimate calls for reform. He has said that, while political reforms will take place, they will not be hurried and must be preceded by economic liberalisation.

Key products and UAE prices

iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229

iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649

iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179

Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.

THE%20SPECS
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Racecard
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Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix

GP3 qualifying, 10:15am

Formula 2, practice 11:30am

Formula 1, first practice, 1pm

GP3 qualifying session, 3.10pm

Formula 1 second practice, 5pm

Formula 2 qualifying, 7pm

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

ELIO

Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett

Directors: Madeline Sharafian, Domee Shi, Adrian Molina

Rating: 4/5

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.”

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
'Fantastic Beasts: The Secrets of Dumbledore'

Rating: 3/5

Directed by: David Yates

Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law

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Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

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T20 World Cup Qualifier, Muscat

UAE FIXTURES

Friday February 18: v Ireland

Saturday February 19: v Germany

Monday February 21: v Philippines

Tuesday February 22: semi-finals

Thursday February 24: final 

Company%20Profile
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Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

Manikarnika: The Queen of Jhansi

Director: Kangana Ranaut, Krish Jagarlamudi

Producer: Zee Studios, Kamal Jain

Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni

Rating: 2.5/5

Book%20Details
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Conflict, drought, famine

Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.

Band Aid

Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.

The%20specs%3A%202024%20Mercedes%20E200
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Tesalam Aleik

Abdullah Al Ruwaished

(Rotana)

UAE currency: the story behind the money in your pockets
THE BIO

Favourite author - Paulo Coelho 

Favourite holiday destination - Cuba 

New York Times or Jordan Times? NYT is a school and JT was my practice field

Role model - My Grandfather 

Dream interviewee - Che Guevara

SPEC%20SHEET%3A%20APPLE%20IPAD%20PRO%20(12.9%22%2C%202022)
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Match info

Newcastle United 1
Joselu (11')

Tottenham Hotspur 2
Vertonghen (8'), Alli (18')

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

UAE currency: the story behind the money in your pockets
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COMPANY%20PROFILE
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