Al Saa'a Church, also known as The Conventual Church of Our Lady of the Hour, will be restorted as part of a joint project by Unesco and the UAE. Courtesy Ministry of Culture and Knowledge Development
Al Saa'a Church, also known as The Conventual Church of Our Lady of the Hour, will be restorted as part of a joint project by Unesco and the UAE. Courtesy Ministry of Culture and Knowledge Development
Al Saa'a Church, also known as The Conventual Church of Our Lady of the Hour, will be restorted as part of a joint project by Unesco and the UAE. Courtesy Ministry of Culture and Knowledge Development
Al Saa'a Church, also known as The Conventual Church of Our Lady of the Hour, will be restorted as part of a joint project by Unesco and the UAE. Courtesy Ministry of Culture and Knowledge Development

Work to begin on UAE-Unesco rehabilitation of Mosul church


Alexandra Chaves
  • English
  • Arabic

Unesco is preparing to begin construction work on Al Saa’a Church in Mosul.

Also known as the Conventual Church of Our Lady of the Hour, the building in the Old City of Mosul was damaged by ISIS during the Battle of Mosul in December 2017.

Built towards the end of the 19th century by Catholic priests of the Dominican order, the church holds significance for the city’s architectural history and heritage.

It has since become a symbol of coexistence in the country.

The Unesco project is funded by the UAE under the Reviving the Spirit of Mosul programme.

The programme to rebuild the city's historic landmarks was launched in 2018 to support the restoration of the 12th century Al Nuri Mosque and its leaning minaret.

Damaged by ISIS in 2017, the church was originally built in the 19th century by the Dominican Order. Courtesy Ministry of Culture and Knowledge Development
Damaged by ISIS in 2017, the church was originally built in the 19th century by the Dominican Order. Courtesy Ministry of Culture and Knowledge Development

In October last year, the UAE added Al Saa’a Church and the 800-year-old Al Tahera church to the list of structures to be rebuilt in its Year of Tolerance programme.

The UAE has invested $50 million (Dh183.6m) in the projects.

On Friday, UAE Minister of Culture and Knowledge Development Noura Al Kaabi shared the news on Twitter.

Ms Al Kaabi said that the project's commencement followed discussions with the UN’s joint steering committee and official approval from the Dominican order.

Stabilising and rehabilitation work will include clearing the site and holding a survey to help prepare a detailed design for the church's restoration, including its bell tower.

Local heritage professionals and craftsmen will be involved in the project.

The project will also proceed with the reconstruction of Al Nuri Mosque. The 12th century mosque was also blown up by ISIS in 2017.

The battle to drive out ISIS left about 8 million tonnes of rubble in Mosul. The scale of devastation has set the city back decades.

Heritage sites such as churches and mosques, as well as ancient and medieval sites, are among the casualties of the conflict, which raged for a year from 2016 after ISIS took over the city in 2014.

Thousands of the troops and civilians were killed in the military campaign, which ended when Iraqi Government forces took over the area in 2017.

In 2014, the city became the centre of ISIS’ brutal rule in Iraq.

While the terror group occupied large areas of the country, many locals say that Mosul knows like no other city the full extent of the extremists' control.

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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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Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Mission%3A%20Impossible%20-%20Dead%20Reckoning%20Part%20One
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Avatar%20(2009)
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BEETLEJUICE BEETLEJUICE

Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5