Turkey's military offensive in the majority Kurdish enclave of Afrin in northern Syria could take many months rather than the few weeks originally planned, according to commanders on the ground.
Seven Turkish soldiers were killed on Saturday in attacks by Kurdish militias, making it the single deadliest day in the Afrin campaign so far for Ankara.
The deaths highlighted the challenges facing the military as it seeks to oust the Kurdish militias from its border with Syria, and the brewing geopolitical battle with the United States, a Nato ally, which had armed the same militias Turkey is now fighting.
"They will pay for this twice as much," Prime Minister Binali Yildirim said on Twitter, referring to the militants that had killed Turkish soldiers. "We instantly gave the necessary response, and we continue to do so."
Turkey launched Operation Olive Branch, an incursion spearheaded on the ground by Syrian rebels backed by Ankara, two weeks ago.
The area is controlled by the Democratic Union Party (PYD) and its military wing, the People’s Protection Units (YPG). The two groups are backed by the United States-led coalition against ISIL, which relied on their fighters on the ground to oust the terror group from its strongholds in Syria, including the city of Raqqa.
But the PYD and YPG are also the Syrian wing of the Kurdistan Workers’ Party (PKK), a designated terror group that has fought a decades-long insurgency against the Turkish state.
Initial statements by top Turkish officials had asserted the campaign would be concluded in a short time, but limited gains on the ground due to what they say is an attempt to limit civilian casualties mean it now appears it may take months to resolve.
"If you’re optimistic," said one Turkish-aligned rebel fighter taking part in the campaign, when asked if the operation could take six months. He said the YPG fighters had fought fiercely in the initial phase of the battles and had prepared effective defensive lines.
Turkish officials also say US policy in Syria now risks prolonging the war.
Ankara for years tolerated Washington's reliance on the Kurdish militias in the campaign against ISIL but after the group’s defeat in Syria has grown increasingly vocal in demanding an end to American military support for them. The immediate cause of the Afrin campaign was an American announcement that it would create a 30,000-strong border force to patrol Syria’s frontiers including the YPG, a prospect that Turkey decided was an intolerable security threat.
"We are urging our American allies to stop supporting YPG and PYD because now as they say Daesh [ISIL] threat has been eliminated in Syria," said Ibrahim Kalin, the spokesman for Turkish President Recep Tayyip Erdogan, at a briefing in Istanbul. "For the last two years they told us and everyone that they support PYD because of the Daesh threat and now Daesh is over, but they still continue to support them militarily [and] politically."
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Read more:
Turkey is planting the seeds for future catastrophe in Syria
Erdogan reassures Macron Syria operation is not an 'invasion'
Syria Kurds outraged over mutilated body of female fighter
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Turkey's row with the US over its support for Kurdish militias has raised questions over Washington’s long-term plans for Syria and its presence there, which has expanded on the ground despite the declared military defeat of ISIL in both Iraq and Syria.
Secretary of State Rex Tillerson gave a broad outline of the Trump administration's Syria strategy last month, indicating the government's support for a long-term presence that would prevent the re-emergence of ISIL and counter-balance Iran’s growing influence in both Syria and Iraq through its proxy militias fighting on the ground.
But those plans have alarmed critics who argue the US is setting the stage for a continued proxy war in Syria that makes a political settlement less likely, and who worry that its continued reliance on the Kurdish militias will create an effective autonomous zone with American security guarantees.
Those concerns have further exacerbated tensions between the US and Turkey, two Nato allies whose relations have deeply suffered because of Syria.
"What they see is that Iran is going to stay in Syria in the long run," said a senior Turkish official. "This idea, supported by the Americans, Saudis and Israelis, [is] that there should be some counter-force against the Iranian presence in Syria.
"This kind of Iran, Iran, Iran emphasis or obsession drives them into this kind of policy, and Syrian territories are just becoming a scene for this proxy war now," the official added.
The biog
Favourite book: Animal Farm by George Orwell
Favourite music: Classical
Hobbies: Reading and writing
UAE currency: the story behind the money in your pockets
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Favourite book: ‘The Art of Learning’ by Josh Waitzkin
Favourite film: Marvel movies
Favourite parkour spot in Dubai: Residence towers in Jumeirah Beach Residence
Mohammed bin Zayed Majlis
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
WITHIN%20SAND
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If you go...
Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).
Sholto Byrnes on Myanmar politics
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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MATCH INFO
Uefa Champions League semi-final, second leg
Real Madrid (2) v Bayern Munich (1)
Where: Santiago Bernabeu, Madrid
When: 10.45pm, Tuesday
Watch Live: beIN Sports HD
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Zayed Sustainability Prize
The specs
Engine: 2.3-litre, turbo four-cylinder
Transmission: 10-speed auto
Power: 300hp
Torque: 420Nm
Price: Dh189,900
On sale: now
More from Aya Iskandarani
UAE currency: the story behind the money in your pockets
Company info
Company name: Entrupy
Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist
Based: New York, New York
Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius.
Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.
ONCE UPON A TIME IN GAZA
Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi
Directors: Tarzan and Arab Nasser
Rating: 4.5/5
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Married Malala
Malala Yousafzai is enjoying married life, her father said.
The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.
Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.
What is a calorie?
A food calorie, or kilocalorie, is a measure of nutritional energy generated from what is consumed.
One calorie, is the amount of heat needed to raise the temperature of 1 kilogram of water by 1°C.
A kilocalorie represents a 1,000 true calories of energy.
Energy density figures are often quoted as calories per serving, with one gram of fat in food containing nine calories, and a gram of protein or carbohydrate providing about four.
Alcohol contains about seven calories a gram.
Indika
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