Turkey pressed its assault against US-allied Kurdish forces in northern Syria on Thursday for a second day, pounding the region with air strikes and artillery and forcing at least 60,000 panicked civilians to try to flee.
The mass movement has sparked new fears of a humanitarian crisis with an estimated 700,000 people in the areas on which Turkey has set its sights.
At least 23 Syrian Democratic Forces fighters have been killed, along with six fighters from a Turkish-backed Syrian rebel group, the Syrian Observatory for Human Rights said.
The Kurdish-led SDF said Turkish air strikes and shelling also killed nine civilians. Turkish President Recep Tayyip Erdogan said more than 100 militants had been killed.
US President Donald Trump tried to justify the free pass he gave to Mr Erdogan by standing down his troops. Mr Trump's decision is regarded as a betrayal of Washington's Kurdish allies in the war against ISIS.
After launching the assault with air strikes and artillery, the Turkish military and its Syrian proxies crossed the border into Kurdish-controlled areas.
A US representative for the political arm of the SDF on Thursday repeated a call for a no-fly zone in the area and urged the international community to help stop the attack.
The broad offensive, which Mr Erdogan named Operation Peace Spring, drew international outrage and warnings, including from within Mr Trump's Republican Party, and was discussed in an emergency meeting of the UN Security Council on Thursday.
"We ask a for no-fly zone over our area. At least we will not have civilian casualties then," said Sinam Mohamad, the US co-chairman of the Syrian Democratic Council, the political arm of the SDF.
The UAE Minister of State for Foreign Affairs, Dr Anwar Gargash, has joined almost unanimous condemnation from across the Arab world against Turkey's offensive, which was launched on Wednesday evening.
“The broad Arab condemnation of the Turkish aggression against Syria is not surprising,” Dr Gargash tweeted.
“The international position rejecting the Turkish aggression stems from the foundations of international law and a common realisation that this step will complicate the already complicated scene.”
French President Emmanuel Macron urged Turkey to immediately end its offensive, saying it could allow an ISIS resurgence in the area.
"I condemn vehemently the unilateral military offensive in Syria and I urge Turkey to put an end to it as quickly as possible," Mr Macron said in Lyon.
"Turkey is today forgetting that the priority of the international community in Syria is the fight against Daesh and terrorism.
"It is creating a humanitarian risk for millions of people."
Jurgen Schulz, Germany's deputy permanent representative to the UN, said Turkey should end its offensive because it was jeopardising international security.
"We fear that this operation runs the risk of further destabilising the entire region and also re-strengthening ISIS," Mr Schulz said in New York.
"Syria has been severely impacted by this terrible war for eight years and we are now on the verge of starting a political process with the constitutional committee.
"However, the Turkish operation now threatens to unleash another humanitarian catastrophe as well as new refugee movements. We therefore call on Turkey to cease its operation and to pursue its security interests in a peaceful manner."
He said German Foreign Minister Heiko Maas had also made the demand in a call to Turkish Foreign Minister, Mevlut Cavusoglu.
Mark Lowcock, the UN's humanitarian aid co-ordinator, is in Ankara on a two-day trip planned before Turkey began its offensive. He was there to discuss aid operations from Turkey into Syria.
But a spokesman for UN Secretary General Antonio Guterres said Mr Lowcock was "very concerned about the impact of military operations".
He will visit the border town of Gaziantep on Friday.
"We have humanitarian personnel where we believe people may be fleeing for safety," UN spokesman Farhan Haq said.
Mr Haq said staff were not directly in the line of fire of Turkish military operations.
Norway, a Nato ally of Turkey, announced on Thursday that it was suspending all new weapons exports to the country after Ankara launched the operation.
"Given that the situation is complex and changing quickly, the Foreign Ministry as a precautionary measure will not handle any new demands for exports of defence material or material for multiple uses to Turkey," Norwegian Foreign Minister Ine Eriksen Soreide said.
Ms Soreide said the ministry would also review all licences for weapons export that had already been issued.
Finland, which is not a member of the Nato alliance, also announced on Wednesday that it would suspend new arms exports to Turkey, or any other country involved in the fighting.
Turkey also faces repercussions from the country that allowed it to begin its operation, the US.
It could face sanctions under proposals put forward by Republican Senator Lindsey Graham and a Democrat colleague, which would target President Erdogan and top officials.
Mr Cavusoglu warned on Thursday that Turkey would retaliate if the US imposed any sanctions over its military incursion.
Mr Trump had threatened to "obliterate" the Turkish economy if the country went too far in its assault, but it remains unclear how he will react to the latest moves by Ankara.
COMPANY%20PROFILE
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Teaching in coronavirus times
PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
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AUSTRALIA SQUAD
Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle
RESULT
Wolves 1 (Traore 67')
Tottenham 2 (Moura 8', Vertonghen 90 1')
Man of the Match: Adama Traore (Wolves)
Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
COMPANY%20PROFILE
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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.”
PSA DUBAI WORLD SERIES FINALS LINE-UP
Men’s:
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)
Women's:
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)
Dunki
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rajkumar%20Hirani%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Taapsee%20Pannu%2C%20Vikram%20Kochhar%20and%20Anil%20Grover%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Schedule for show courts
Centre Court - from 4pm UAE time
Johanna Konta (6) v Donna Vekic
Andy Murray (1) v Dustin Brown
Rafael Nadal (4) v Donald Young
Court 1 - from 4pm UAE time
Kei Nishikori (9) v Sergiy Stakhovsky
Qiang Wang v Venus Williams (10)
Beatriz Haddad Maia v Simona Halep (2)
Court 2 - from 2.30pm
Heather Watson v Anastasija Sevastova (18)
Jo-Wilfried Tsonga (12) v Simone Bolelli
Florian Mayer v Marin Cilic (7)
Company%20Profile
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Starring: Jamie Foxx, Angela Bassett, Tina Fey
Directed by: Pete Doctor
Rating: 4 stars