A Free Syrian Army fighter rests in a safe house in Aleppo.
A Free Syrian Army fighter rests in a safe house in Aleppo.
A Free Syrian Army fighter rests in a safe house in Aleppo.
A Free Syrian Army fighter rests in a safe house in Aleppo.

Time to end tragedy in Syria, Arab League told


  • English
  • Arabic

CAIRO // Arab foreign ministers held heated discussions last night on the use of international force in Syria at a meeting overshadowed by Barack Obama's decision to delay striking the Assad regime.

Inside the Arab League's headquarters in Cairo, diplomats heard passionate speeches from some of Bashar Al Assad's bitterest critics, including members of the opposition Syrian National Council and nations backing the Syrian rebels.

Saud Al Faisal, Saudi Arabia's foreign minister, called on the world community to take all necessary steps to deter Syrian government violence.

"It's time to call on the international community to take on responsibilities to put an end to this tragedy," he said.

The Egyptian foreign minister Nabil Fahmy also called for the Syrian regime to be punished, but seemed to stop short of endorsing western strikes, and said Egypt opposed foreign intervention.

The US secretary of state John Kerry said yesterday that samples of blood and hair from last week's chemical weapons attack on the eastern edges of Damascus indicated the presence of the nerve gas sarin. A preliminary US assessment said 1,429 people were killed in the attack, including at least 426 children.

In the Syrian capital, state media crowed at what they called "the start of the historic American retreat" after the US president's decision to wait until September 9 to consult Congress on whether to deploy weapons in Syria.

Al Thawra newspaper said Mr Obama had signalled this retreat by "prevaricating or hinting", rather than deciding alone to strike Syrian military targets.

But in Cairo last night Ahmed Jarba, leader of the Syrian opposition coalition, said Syrians had asked him to call on the Arab world to support a military operation against the Assad regime and its "terrorist allies" Iran and Hizbollah.

"What I'm asking is a sincere stance, and a sincere support for this military strike, and then afterwards, the Free Syrian Army will finish the situation," he said.

Several Arab leaders, many of whom had been pushing privately for western action in Syria, had been confused and disappointed by Mr Obama's announcement on Saturday to postpone military action, according to analysts.

"We have a president in Obama, who was leading these efforts regarding punishing Assad for using chemical weapons and we have a president who has changed his mind," said Salman Shaikh of the Brookings Institute in Doha.

"I believe the Arab states understood that Obama was going to do a strike - possibly overnight … but now, there will be a lot of head-scratching in Arab capitals."

Before the meeting, US allies in the Arabian Gulf reacted with surprise and frustration to Mr Obama's decision.

"Obama threw a wrench in everything. The decision took a lot of people by surprise," said Abdullah Al Shayji, head of political science at Kuwait University. "It will send the wrong message to the Syrian leadership and to Iran and Hizbollah, who already think that Obama is not really serious about this strike."

Before the announcement, several Gulf countries had argued in private for more assertive intervention in Syria and had been expected to push for a strong resolution in Cairo - perhaps even one that could have fulfilled Mr Obama's request made on Saturday for allies to "stand publicly behind" US action.

The Gulf Cooperation Council under-secretary general made the most explicit case so far for military intervention yesterday, saying that Syria warrants invoking the "Responsibility to Protect", a UN-endorsed doctrine that allows for international intervention when a country fails to provide - or intentionally denies - security to its citizens.

"The Syrian regime is acting as a sectarian militia supported by like-minded Hizbollah and Iranian forces, and unbound by rules of war or civilised behaviour," Abdel Aziz Aluwaisheg wrote in Saudi Arabia's Arab News. "It has become incompressible while the international community has yet to move to protect Syrians from annihilation."

Youssef Al Qaradawi, a Sunni imam in Doha who is close to Qatar's leadership, also gave his implicit support for a US intervention. He told worshippers at Friday prayers: "We wish we were able to take revenge for our brothers who have been killed … in their hundreds, but God prepares those who would take revenge for them".

Analysts say Gulf countries may now be less likely to publicly support US military action, if and when it comes.

"There won't be any GCC initiative or participation in any military exercise - as a result of or substitute for - or even in conjunction with - US military action. The delay is looked upon from many corners of the world that there is a weakness in the US position," said Kuwait University's Mr Al Shayji.

Many of Mr Al Assad's fiercest critics in the Gulf worry the limited strikes proposed by the US administration would have a limited or even detrimental effect on the Syrian rebellion.

A one-off attack could strengthen Mr Al Assad's position and "mobilise supporters around him", wrote the Saudi columnist Khalaf Al Harbi in Saudi daily Okaz yesterday. He argued for a more robust military operation that would allow rebels to "pounce" on the regime.

Despite the delay in possible US military action, fears of a broader regional conflict are growing more palpable across the Gulf. In Kuwait, several MPs called for parliament to hold an emergency session on the crisis over the weekend.

edickinson@thenational.ae

* Elizabeth Dickinson reported from Abu Dhabi

twitter: For breaking news from the Gulf, the Middle East and around the globe follow The National World. Follow us

If you go

Flights

Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.

The stay

Rooms at Alila Villas Koh Russey (www.alilahotels.com/ kohrussey) cost from $385 per night including taxes.

Dubai World Cup factbox

Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)

Most wins by a jockey: Jerry Bailey(4)

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Most wins by a horse: Godolphin’s Thunder Snow(2)

Wenger's Arsenal reign in numbers

1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
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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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