A rebel takes position against Syrian government snipers in the Castal Harami area of  Aleppo. Insurgent ranks have been augmented by rebels from Libya, Saudi Arabia, Pakistan and Bangladesh, as well as Britain, Iraq and the southern Russian republic of Chechnya.
A rebel takes position against Syrian government snipers in the Castal Harami area of Aleppo. Insurgent ranks have been augmented by rebels from Libya, Saudi Arabia, Pakistan and Bangladesh, as well Show more

When Syria's rebel cause has a British accent



ALEPPO, Syria // Wounded Syrian rebels being carried in and out of crowded hospitals are hardly an unusual sight. But when one young fighter passing through the hospital doors says, "Excuse me, guys", in perfect British English, bystanders take notice.

As he walks towards the lorry that will return him to the front line, Abu Yacoub refuses to reveal his age or real name. A convert to Islam five years ago, he accompanied another rebel fighter, an Iraqi named Hassan, to the hospital for treatment to a leg wound.

Then comes the part of his biography that worries even those governments keen to see Bashar Al Assad removed from power but who shudder at the implications of the armed opposition becoming a magnet for foreign, especially Islamist, fighters. "Abu Yacoub" is British, from east London, and plans to be in Syria "until I die".

"Every soul should taste death," he says.

The number of foreign militants fighting to overthrow Mr Al Assad is not known, though unconfirmed news reports indicate the insurgent ranks have been augmented by rebels from Libya, Saudi Arabia, Pakistan and Bangladesh, as well as Britain, Iraq and the southern Russian republic of Chechnya.

If their numbers grow, analysts say, foreign fighters could further transform the anti-Assad struggle into a sectarian fight between Sunnis and Alawites, the branch of Shiism to which the president and his closest associates belong. It is regarded by some Sunnis as heretical.

For foreign rebels such as Abu Yacoub and Hassan, Syria's uprising "takes on a much more sectarian tone", says Andrew Tabler of the Washington Institute for Near East Policy. "They want to knock out this essentially Shiite dictator."

Crossing borders to fight a despot, infidel or foreign occupier is not a new phenomenon in the region.

Mohammad Ali Najar, a Syrian doctor in a medical clinic in Aleppo, says he and other volunteers from Aleppo were joined by a German Muslim and some Palestinians when they travelled to Iraq in 2003 to fight US-led coalition troops.

Calling themselves the People's Army, they bribed their way through a border crossing to enter Iraq, he says. "I went there to fight as an Arab and a Muslim."

Having taken up arms against the Americans in Iraq and seen three friends killed, Mr Najar might now be expected to distance himself from any rebel pleas for help from Washington and other western capitals. He is pragmatic, though.

"America should support the people. I have no problem to be friends with Americans if they are with the right side."

Abu Ibrahim, a commander in Jabhat Al Nusra, a Syrian Islamist militant group said to have ties to Al Qaeda, agrees.

"We will accept any help from any source, but without interference in our national affairs," Mr Ibrahim says.

While western governments are concerned about the influence of Islamist fighters on the opposition to Mr Assad, some experts have accused the regime itself of allowing Al Qaeda to carry out attacks in Syria in hopes of discrediting the insurgency.

"I am quite sure the regime has had a hand in this, at least in the beginning," says Thomas Pierret, an expert on Syria and political Islam at the University of Edinburgh.

Nevertheless, Syria is not fertile ground for Islamist extremists, Mr Pierret contends. It is dominated by mainstream Islamism such as the Muslim Brotherhood and similar ideologies, which are less strident than extremists such Al Qaeda, he says.

That puts the burden on Islamist fighters from abroad to "prove to Syrians that they are doing something about Syria".

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.

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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The bio

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What is favourite book?

The Perks of Being a Wallflower - I think I've read it more than 7 times

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Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki

What is favourite English film?

Mamma Mia

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Friday, September 29
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Saturday, September 30
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How she spends spare time: Playing with cats at the clinic and feeding them

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Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman

Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs 

Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing

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7. Self-sufficiency in Dubai homes

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