NEW YORK // The United States yesterday extended the closures of 19 US diplomatic missions concentrated mainly in the Arabian Gulf and East Africa until the end of the week, raising fears over the resiliency of Al Qaeda despite recent claims by Washington that it had significantly weakened the terrorist group.
The US State Department said its decision to extend the two-day closures, which were announced last week, was based on new intelligence regarding a threat reportedly emanating from Al Qaeda in the Arabian Peninsula, the group's Yemen affiliate and its most active branch.
"We continue to refine our assessment of the threat, we continue ... to get new information and as we do so we'll evaluate our security needs going forward," state department spokeswoman Marie Harf said yesterday. She would not say whether the new information was any more specific than the original intelligence.
On Sunday, US politicians and officials described the initial warnings as stemming from electronic "chatter" among senior AQAP militants, intercepted by US spy agencies. The intelligence indicated both a specific and credible threat, they said.
But the widespread closure of embassies indicated that Washington was unsure of where the attack may occur.
"The assumption is that it's probably most likely to happen in the Middle East," Representative Peter King told ABC News, but added that "it could basically be in Europe, it could be in the United States, it could be a series of combined attacks."
The apparent seriousness of the threat and its wide geographical range have raised concerns that despite a decade of US policies aimed at winning a so-called war on terror - including the killing of Al Qaeda leader Osama bin Laden - extremist networks retain their ability to strike American interests.
It also underscored how the post-Arab Spring turmoil in the Middle East and North Africa has given new space to diffuse groups affiliated or inspired by Al Qaeda. Militants, some with experience from fighting in Iraq or Afghanistan, have found new impetus for their fight, and many have returned home to wage local struggles or plot against the West.
Extremist threats are now distributed between dozens of countries, from Yemen to Mali to Pakistan. Telling of the shifts, US embassies reopened in the two countries where the US fought ground wars over the past decade, Iraq and Afghanistan.
"The US has to deal with a number of terror groups across multiple continents who are generally not coordinating with each other," terrorism analyst Seth G Jones told the New York Times. "This is the new Al Qaeda. It is better understood as a loose movement, rather than a single organisation."
In May, Mr Obama gave a speech at the National Defense University in which he described the country as "more secure" as a result of the war on terror. But he called for a change of direction in how the battle is fought.
"Today, Osama bin Laden is dead, and so are most of his top lieutenants. There have been no large-scale attacks on the United States," he said, while warning that the "nation is still threatened by terrorists" - many of them in smaller, more disparate extremist networks.
Yet some analysts warn that declaring even a partial victory against Al Qaeda may be premature.
"This stands in the face of [Mr Obama's speech]…it puts off the possibility of thinking of getting through this war," the director of Fordham University's Center on National Security, Karen Greenberg, said in an interview on public radio yesterday.
"How is it possible that this threat comes with such force after 12 years" of global counter-terrorism efforts? Ms Greenberg asked
The recent threat may also indicate the limitations of one of Washington's central counter-terrorism tools, drone strikes. Since the end of the George W Bush administration, the US has used the unmanned aircraft extensively to target senior AQAP figures in Yemen as well as militants in Pakistan.
"Part of the problem with the US approach is that it is centred on personalities: Awlaki, Asiri and now Wihayshi. Yet the group continues to grow", AQAP expert Gregory Johnsen wrote on his Twitter yesterday, referencing AQAP's known leaders, at least one of whom has been killed by US drones.
In Yemen in particular, the strikes targeting leaders have often killed civilians and have helped the group recruit new members. Analysts also say the over-reliance on drones has meant less focus on the much more complex underlying factors that have contributed to AQAP's growth.
The timing of the latest threat from Yemen, and the fact that US intelligence picked up on it through its massive, global electronic surveillance network, has also played into a domestic debate over the breadth of government surveillance networks.
Since details of the National Security Agency's widespread monitoring of the internet and collection of Americans' phone records was leaked in June by a former CIA employee and intelligence contractor Edward Snowden, there have been growing calls by lawmakers to limit what some argue is unconstitutional spying.
But Congressional supporters of the electronic spy programmes say the AQAP terror plot shows why such surveillance is necessary.
"Al Qaeda is on the rise in this part of the world and the NSA programme is proving its worth yet again," Sen Lindsey Graham told CNN on Sunday. Sen Graham was angered by the leak, arguing that publicising the programme could cause Al Qaeda to change the way it communicated.
But Ms Greenberg was more critical: "It's ironic that with all the NSA surveillance news they don't know with more specificity what the threat is".
tkhan@thenational.ae
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The low down
Producers: Uniglobe Entertainment & Vision Films
Director: Namrata Singh Gujral
Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark
Rating: 2/5
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.”
McLaren GT specs
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1. UAE 3 faults
2. Ireland 9 faults
3. Brazil 11 faults
4. Spain 15 faults
5. Great Britain 17 faults
6. New Zealand 20 faults
7. Italy 26 faults
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Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.
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Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
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USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.
Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.
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The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
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Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.
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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.
If you go…
Emirates launched a new daily service to Mexico City this week, flying via Barcelona from Dh3,995.
Emirati citizens are among 67 nationalities who do not require a visa to Mexico. Entry is granted on arrival for stays of up to 180 days.
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