Russian President Vladimir Putin, second right, and Turkish President Recep Tayyip Erdogan attend the MAKS-2019 International Aviation and Space Show in Zhukovsky, outside Moscow, Russia, Tuesday, August 27, 2019. AP
Russian President Vladimir Putin, second right, and Turkish President Recep Tayyip Erdogan attend the MAKS-2019 International Aviation and Space Show in Zhukovsky, outside Moscow, Russia, Tuesday, August 27, 2019. AP
Russian President Vladimir Putin, second right, and Turkish President Recep Tayyip Erdogan attend the MAKS-2019 International Aviation and Space Show in Zhukovsky, outside Moscow, Russia, Tuesday, August 27, 2019. AP
Russian President Vladimir Putin, second right, and Turkish President Recep Tayyip Erdogan attend the MAKS-2019 International Aviation and Space Show in Zhukovsky, outside Moscow, Russia, Tuesday, Aug

Vladimir Putin and Recep Tayyip Erdogan agree on military push in Syria's Idlib


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Turkish President Recep Tayyip Erdogan may not have got the reprieve he hoped for during talks in Moscow with Russian President Vladimir Putin, who appears determined to rout remaining armed opposition groups from Syria.

During Mr Erdogan’s one-day visit to Russia, the Russian leader told reporters that Turkey and Russia had agreed on joint measures aimed at clearing "terrorists" in Syria's Idlib province.

"Together with Turkey's president we have outlined additional joint steps to neutralise the terrorists' nests in Idlib and normalisation of the situation there and in the whole of Syria as a result," Mr Putin told a joint briefing with the Turkish president in Zhukovsky, near Moscow, on the sidelines of an international aviation and space show.

The Russian president said that representatives from the two countries alongside Iranian officials would meet in Turkey in September to make progress on brokering a political solution to the conflict.

Mr Erdogan’s trip to Moscow was seen by observers as a plea for respite in the Syrian government’s offensive on the last bastion of opposition to President Bashar Al Assad.

After eight years of conflict, government forces backed by Russia are several months into an operation to quash armed opposition groups and extremists in the north-west province of Idlib.

Victory for Mr Assad would all but mark the end of the military phase of the war in Syria, which erupted after his forces brutally suppressed a series of peaceful, anti-government protests in 2011.

Mr Erdogan is concerned that an all-out assault will force a massive wave of refugees towards Turkey’s borders. Idlib is home to about three million Syrians, many of whom sought refuge there after fleeing regime offensives on their home cities.

___________

Pictures: Syrian regime forces massing to push further into Idlib

  • Smoke rises in the strategic town of Khan Sheikhun after government forces took control as jihadists and allied rebels withdrew from the area. All photos by SANA / AFP
    Smoke rises in the strategic town of Khan Sheikhun after government forces took control as jihadists and allied rebels withdrew from the area. All photos by SANA / AFP
  • Smoke rises in Khan Sheikhun.
    Smoke rises in Khan Sheikhun.
  • Smoke rises in Khan Sheikhun.
    Smoke rises in Khan Sheikhun.
  • A sign erected by the Islamic State group is seen in Khan Sheikhun.
    A sign erected by the Islamic State group is seen in Khan Sheikhun.
  • Smoke rises in Khan Sheikhun.
    Smoke rises in Khan Sheikhun.
  • A general view of Khan Sheikhun.
    A general view of Khan Sheikhun.
  • A general view of Khan Sheikhun.
    A general view of Khan Sheikhun.
  • Smoke rises in Khan Sheikhun.
    Smoke rises in Khan Sheikhun.
  • Smoke rises in Khan Sheikhun.
    Smoke rises in Khan Sheikhun.
  • A sign erected by the Islamic State group is seen in Khan Sheikhun.
    A sign erected by the Islamic State group is seen in Khan Sheikhun.
  • Smoke rises in Khan Sheikhun.
    Smoke rises in Khan Sheikhun.
  • Smoke rises in Khan Sheikhun.
    Smoke rises in Khan Sheikhun.
  • A welcome sign is seen Khan Sheikhun.
    A welcome sign is seen Khan Sheikhun.

___________

Turkey already houses more displaced Syrians than any other country, but Mr Erdogan is facing a political crisis at home as the country buckles under the weight of hosting more than three million displaced Syrians.

In recent weeks, Ankara has come under fire for its crackdown, deporting vulnerable Syrians back to a conflict zone.

Mr Erdogan told the Russian president last week that attacks by the Syrian regime’s forces were causing a humanitarian crisis and threatened Turkey's national security.

However, Russia and Mr Assad are anxious to finally rout armed opposition from Idlib, bring about a final military resolution to the conflict and begin reconstruction efforts.

Russia and Turkey along with Iran agreed a ceasefire in Idlib last September and tasked Ankara with coordinating a drawdown of armed opposition there. The region is controlled mainly by Hayat Tahrir Al Sham (HTS), an Al-Qaeda affiliate that has vowed to continue the fight against the Assad regime.

Ahead of Erdogan’s visit, Russian Foreign Minister Sergei Lavrov said that the Russian-backed offensive in Idlib did not violate the terms of the ceasefire.

“Erdogan will try to renegotiate the Idlib agreement because Turkey isn’t able to implement it, which gives Russia a reason to support Syrian military operations in the province,” said Alexei Khlebkikov, a Middle East expert at the Russian International Affairs Council, a think tank which advises the Kremlin.

"It is unlikely that Erdogan is capable of stopping Russia-backed Syrian army offensive in Idlib, but he might be able to slow it down and decrease the level of violence," Mr Khlebnikov told The National.

_____________

  • Syrian civilians flee a conflict zone in Syria's rebel-held northwestern region of Idlib, where government bombardment has killed hundreds since late April, near Maar Shurin on the outskirts of Maaret Al Numan. Damascus said it is opening a corridor for civilians to leave the rebel-held northwestern region of Idlib. AFP
    Syrian civilians flee a conflict zone in Syria's rebel-held northwestern region of Idlib, where government bombardment has killed hundreds since late April, near Maar Shurin on the outskirts of Maaret Al Numan. Damascus said it is opening a corridor for civilians to leave the rebel-held northwestern region of Idlib. AFP
  • A handout picture released by the official Syrian Arab News Agency (SANA) shows members of the Syrian Red Crescent standing on a road, designated as the corridor for civilians to leave the opposition-held northwestern region of Idlib. AFP
    A handout picture released by the official Syrian Arab News Agency (SANA) shows members of the Syrian Red Crescent standing on a road, designated as the corridor for civilians to leave the opposition-held northwestern region of Idlib. AFP
  • Syrians fleeing from the town of Maaret Al Numan and its surrounding countryside drive with their belongings north near the town of Saraqib in the northwestern Idlib province. AFP
    Syrians fleeing from the town of Maaret Al Numan and its surrounding countryside drive with their belongings north near the town of Saraqib in the northwestern Idlib province. AFP
  • Syrians fleeing from the town of Maaret Al Numan and its surrounding countryside drive with their belongings north near the town of Saraqib in the northwestern Idlib province. AFP
    Syrians fleeing from the town of Maaret Al Numan and its surrounding countryside drive with their belongings north near the town of Saraqib in the northwestern Idlib province. AFP
  • Syrian civilians flee. AFP
    Syrian civilians flee. AFP
  • Syrians fleeing from the town of Maaret al-Numan and its surrounding countryside drive with their belongings northwards near the town of Saraqib in the northwestern Idlib province. AFP
    Syrians fleeing from the town of Maaret al-Numan and its surrounding countryside drive with their belongings northwards near the town of Saraqib in the northwestern Idlib province. AFP
  • Syrians fleeing from the town of Maaret al-Numan and its surrounding countryside drive with their belongings northwards near the town of Saraqib in the northwestern Idlib province. AFP
    Syrians fleeing from the town of Maaret al-Numan and its surrounding countryside drive with their belongings northwards near the town of Saraqib in the northwestern Idlib province. AFP
  • Syrians fleeing from the town of Maaret al-Numan and its surrounding countryside drive with their belongings northwards near the town of Saraqib in the northwestern Idlib province. AFP
    Syrians fleeing from the town of Maaret al-Numan and its surrounding countryside drive with their belongings northwards near the town of Saraqib in the northwestern Idlib province. AFP
  • Syrians fleeing from the town of Maaret al-Numan and its surrounding countryside drive with their belongings northwards near the town of Saraqib in the northwestern Idlib province. AFP
    Syrians fleeing from the town of Maaret al-Numan and its surrounding countryside drive with their belongings northwards near the town of Saraqib in the northwestern Idlib province. AFP
  • Syrian civilians flee a conflict zone in Syria's rebel-held northwestern region of Idlib, where government bombardment has killed hundreds since late April, near Maar Shurin on the outskirts of Maaret Al Numan. AFP
    Syrian civilians flee a conflict zone in Syria's rebel-held northwestern region of Idlib, where government bombardment has killed hundreds since late April, near Maar Shurin on the outskirts of Maaret Al Numan. AFP
  • Syrian civilians flee a conflict zone in Syria's rebel-held northwestern region of Idlib, where government bombardment has killed hundreds since late April, near Maar Shurin on the outskirts of Maaret al-Numan. AFP
    Syrian civilians flee a conflict zone in Syria's rebel-held northwestern region of Idlib, where government bombardment has killed hundreds since late April, near Maar Shurin on the outskirts of Maaret al-Numan. AFP
  • Syrian civilians flee a conflict zone in Syria's rebel-held northwestern region of Idlib, where government bombardment has killed hundreds since late April, near Maar Shurin on the outskirts of Maaret al-Numan. AFP
    Syrian civilians flee a conflict zone in Syria's rebel-held northwestern region of Idlib, where government bombardment has killed hundreds since late April, near Maar Shurin on the outskirts of Maaret al-Numan. AFP
  • This photo provided by the Syrian Civil Defence White Helmets, a worker searches the rubble of a destroyed building that was hit by airstrikes . AP
    This photo provided by the Syrian Civil Defence White Helmets, a worker searches the rubble of a destroyed building that was hit by airstrikes . AP
  • A picture taken shows Turkish military vehicles passing through Maaret Al Numan. AFP
    A picture taken shows Turkish military vehicles passing through Maaret Al Numan. AFP

_____________

The UN says that 500,000 have already been displaced by the Russian-backed Syrian offensive in Idlib and Mr Khlebnikov added it was likely that, “Erdogan will raise the issue of the new refugees that are fleeting towards Turkey”.

Mr Erdogan’s trip coincided with a new round of deliveries of the Russian S-400 missile system to Turkey, an arms deal that has strained relations between Ankara and Washington.

US President Donald Trump threatened sanctions and repeatedly called on Turkey to call off the missile deal ahead of the first deliveries earlier this summer. United States officials say the Russian systems are incompatible with other allies within the North Atlantic Treaty Organisation, a defense alliance whose members include the US and Turkey.

During his visit to Moscow, the Turkish president toured the MAKS air show, a biennial event that showcases Russia’s aerospace industry.

The Russian president was eager to put on display the latest Russian Sukhoi fighter jet as a replacement to the American F-35 jet, which the US made unavailable to Turkey after it purchased the Russian missile system.

Results

3pm: Maiden Dh165,000 (Dirt) 1,400m, Winner: Lancienegaboulevard, Adrie de Vries (jockey), Fawzi Nass (trainer).

3.35pm: Maiden Dh165,000 (Turf) 1,600m, Winner: Al Mukhtar Star, Adrie de Vries, Fawzi Nass.

4.10pm: Handicap Dh165,000 (D) 2,000m, Winner: Gundogdu, Xavier Ziani, Salem bin Ghadayer.

4.45pm: Handicap Dh185,000 (T) 1,200m, Winner: Speedy Move, Sean Kirrane, Satish Seemar.

5.20pm: Handicap Dh185,000 (D) 1,600m, Winner: Moqarrar, Dane O’Neill, Erwan Charpy.

5.55pm: Handicap Dh175,000 (T) 1,800m, Winner: Dolman, Richard Mullen, Satish Seemar.

Sri Lanka's T20I squad

Thisara Perera (captain), Dilshan Munaweera, Danushka Gunathilaka, Sadeera Samarawickrama, Ashan Priyanjan, Mahela Udawatte, Dasun Shanaka, Sachith Pathirana, Vikum Sanjaya, Lahiru Gamage, Seekkuge Prasanna, Vishwa Fernando, Isuru Udana, Jeffrey Vandersay and Chathuranga de Silva.

The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
WHAT%20IS%20THE%20LICENSING%20PROCESS%20FOR%20VARA%3F
%3Cp%3EVara%20will%20cater%20to%20three%20categories%20of%20companies%20in%20Dubai%20(except%20the%20DIFC)%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20A%3A%3C%2Fstrong%3E%20Minimum%20viable%20product%20(MVP)%20applicants%20that%20are%20currently%20in%20the%20process%20of%20securing%20an%20MVP%20licence%3A%20This%20is%20a%20three-stage%20process%20starting%20with%20%5B1%5D%20a%20provisional%20permit%2C%20graduating%20to%20%5B2%5D%20preparatory%20licence%20and%20concluding%20with%20%5B3%5D%20operational%20licence.%20Applicants%20that%20are%20already%20in%20the%20MVP%20process%20will%20be%20advised%20by%20Vara%20to%20either%20continue%20within%20the%20MVP%20framework%20or%20be%20transitioned%20to%20the%20full%20market%20product%20licensing%20process.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20B%3A%3C%2Fstrong%3E%20Existing%20legacy%20virtual%20asset%20service%20providers%20prior%20to%20February%207%2C%202023%2C%20which%20are%20required%20to%20come%20under%20Vara%20supervision.%20All%20operating%20service%20proviers%20in%20Dubai%20(excluding%20the%20DIFC)%20fall%20under%20Vara%E2%80%99s%20supervision.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20C%3A%3C%2Fstrong%3E%20New%20applicants%20seeking%20a%20Vara%20licence%20or%20existing%20applicants%20adding%20new%20activities.%20All%20applicants%20that%20do%20not%20fall%20under%20Category%20A%20or%20B%20can%20begin%20the%20application%20process%20through%20their%20current%20or%20prospective%20commercial%20licensor%20%E2%80%94%20the%20DET%20or%20Free%20Zone%20Authority%20%E2%80%94%20or%20directly%20through%20Vara%20in%20the%20instance%20that%20they%20have%20yet%20to%20determine%20the%20commercial%20operating%20zone%20in%20Dubai.%C2%A0%3C%2Fp%3E%0A

PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Result

2.15pm: Maiden Dh75,000 1,950m; Winner: Majestic Thunder, Tadhg O’Shea (jockey), Satish Seemar (trainer).

2.45pm: Handicap Dh80,000 1,800m; Winner: Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.

3.15pm: Handicap Dh85,000 1,600m; Winner: Native Appeal, Adam McLean, Doug Watson.

3.45pm: Handicap Dh115,000 1,950m; Winner: Conclusion, Antonio Fresu, Musabah Al Muhairi.

4.15pm: Handicap Dh100,000 1,400m; Winner: Pilgrim’s Treasure, Tadhg O’Shea, Satish Seemar.

4.45pm: Maiden Dh75,000 1,400m; Winner: Sanad Libya, Richard Mullen, Satish Seemar.

5.15pm: Handicap Dh90,000 1,000m; Winner: Midlander, Richard Mullen, Satish Seemar

Abu Dhabi GP starting grid

1 Lewis Hamilton (Mercedes)

2 Valtteri Bottas (Mercedes)

3 Sebastian Vettel (Ferrari)

4 Kimi Raikkonen (Ferrari)

5 Daniel Ricciardo (Red Bull)

6 Max Verstappen (Red Bull)

7 Romain Grosjean (Haas)

8 Charles Leclerc (Sauber)

9 Esteban Ocon (Force India)

10 Nico Hulkenberg (Renault)

11 Carlos Sainz (Renault)

12 Marcus Ericsson (Sauber)

13 Kevin Magnussen (Haas)

14 Sergio Perez (Force India)

15 Fernando Alonso (McLaren)

16 Brendon Hartley (Toro Rosso)

17 Pierre Gasly (Toro Rosso)

18 Stoffe Vandoorne (McLaren)

19 Sergey Sirotkin (Williams)

20 Lance Stroll (Williams)

RESULT

Wolves 1 (Traore 67')

Tottenham 2 (Moura 8', Vertonghen 90 1')

Man of the Match: Adama Traore (Wolves)

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.”

Western Region Asia Cup T20 Qualifier

Sun Feb 23 – Thu Feb 27, Al Amerat, Oman

The two finalists advance to the Asia qualifier in Malaysia in August

 

Group A

Bahrain, Maldives, Oman, Qatar

 

Group B

UAE, Iran, Kuwait, Saudi Arabia