Ahmed Abu Khawlah, who heads the SDF's Deir Ezzor Military Council, speaks during a press conference in the village of Abu Fas, Hasaka province, Syria on September 9, 2017. Rodi Said / Reuters
Ahmed Abu Khawlah, who heads the SDF's Deir Ezzor Military Council, speaks during a press conference in the village of Abu Fas, Hasaka province, Syria on September 9, 2017. Rodi Said / Reuters

US-backed forces, Syrian army advance separately on ISIL in Deir Ezzor



US-backed forces and the Syrian army advanced in separate offensives against ISIL in eastern Syria on Saturday.

The Syrian Democratic Forces, a US-backed coalition, aimed to push out the jihadists from territory east of the Euphrates River, while Syrian government forces — supported by Lebanese group Hizbollah and Russian air power — seized an oilfield from ISIL on the other side and recaptured part of a road linking Deir Ezzor to ISIL-held territory downstream.

Ahmed Abu Khawlah, who heads the SDF's Deir Ezzor Military Council, read a statement in a press conference in the village of Abu Fas in Syria's northeast Hasakeh province.

He said his forces started fighting to flush out ISIL from territory in Hasakeh province and further south in the strategically vital province of Deir Ezzor.

"Pivoting towards Deir Ezzor was inevitable … We are taking the first step to liberate territory east of the Euphrates River in Deir Ezzor," Abu Khawlah told AFP.

The Syrian government said its troops were attempting to break a nearly year-long ISIL siege on a military airport on the south-western side of Deir Ezzor.

The Syrian army’s push in to the city has allowed aid shipment to reach civilians via land for the first time in years. For more than a year, the World Food Programme has been airdropping supplies to besieged areas.

Ingy Sedky, a spokeswoman for the International Committee of the Red Cross in Damascus, said hygiene kits, food parcels and medicine were delivered for 80,000 people.

"What we hear is that there is a lack of food and that the humanitarian aid that was provided before by airdrops was insufficient," Ms Sedky told The National on Saturday.

Meanwhile, the US-led coalition fighting ISIL said on Friday that it ended its surveillance of buses carrying militants in eastern Syria after a request from the Russian government.

“To ensure the safe de-escalation of efforts to defeat ISIS, coalition surveillance aircraft departed the adjacent airspace at the request of Russian officials during their assault on Deir Ezzor,” the US Central Command said in a statement.

Eleven buses had been stranded in eastern Syrian for more than a week after the US sought to block the transfer of ISIL fighters from the Lebanese-Syrian border to Al Bukamal, an ISIL-controlled city near the Syrian-Iraqi border.

The US and members of the Iraqi government said the deal — negotiated between the jihadists and Hizbollah — would allow them to cross the border into Iraq and join other ISIL fighters there.

The convoy had been stalled at the border of ISIL-controlled territory and the Assad forces’ front line, but that line has moved further east into ISIL-controlled territory in recent days as the Assad forces, supported by Russian and Syrian air power — are now fighting on the outskirts of Deir Ezzor.

"The regime's advance past the convoy underlines continued Syrian responsibility for the buses and terrorists,” said Brig Gen Jon Braga, director of operations for the coalition. “As always, we will do our utmost to ensure that the ISIL terrorists do not move toward the border of our Iraqi partners.”

On Friday, Lebanon held a state funeral for the 10 soldiers who were killed by ISIL. Their bodies were recovered after at least 300 ISIL fighters withdrew last month from northern Lebanon to Syria, where they boarded buses that were to take them to Al Bukamal.

Families of the 10 soldiers have expressed frustration that no one from ISIL would be brought to justice.

“There was an evacuation deal, but there was no justice component. There were people who had committed crimes — executions — and they get a free pass,” said Nadim Houry, Human Rights Watch's director of its terrorism and counterterrorism programme.

The US-led coalition bombed roads to prevent the buses from reaching Al Bukamal, killing more than 80 militants and threatening to kill anyone that strayed too far from the buses. There were also accusations that the US military prevented aid from reaching the stranded buses, which the US military denied.

“This convoy was probably half civilian,” Mr Khoury said. “We know for a fact that there were families and women and kids. And like so many civilians in Syria, they end up trapped between all these players.”

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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Fixtures (all times UAE)

Saturday
Brescia v Atalanta (6pm)
Genoa v Torino (9pm)
Fiorentina v Lecce (11.45pm)

Sunday
Juventus v Sassuolo (3.30pm)
Inter Milan v SPAL (6pm)
Lazio v Udinese (6pm)
Parma v AC Milan (6pm)
Napoli v Bologna (9pm)
Verona v AS Roma (11.45pm)

Monday
Cagliari v Sampdoria (11.45pm)

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%20PROFILE
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TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

Terminator: Dark Fate

Director: Tim Miller

Starring: Arnold Schwarzenegger, Linda Hamilton, Mackenzie Davis 

Rating: 3/5