More than 100,000 Iraqis displaced in Mosul operation


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BAGHDAD // More than 100,000 people have been displaced as a result of the massive operation to recapture Iraq’s second city Mosul, the International Organisation for Migration said on Sunday, as a rights group accused militia backed by the Iraqi government of killing killed suspected ISIL fighters captured during the operation.

Human Rights Watch (HRW) said that the killings took place on November 29 near the village of Shayalat Al Imam, located some 70 kilometres south of Mosul.

Iraq launched the operation to retake Mosul – the last Iraqi city held by the ISIL extermist group – two months ago on October 17.

Since the battle began, 103,872 people have been displaced, the vast majority from Nineveh province, of which Mosul is the capital, the IOM said.

Iraqi displacement and migration minister Jassem Mohammed Al Jaff said 118,000 people had been displaced since the operation started, a figure that includes those who fled the ISIL-held Hawijah area in another province.

Aid organisations had warned that a million or more people could be displaced by the Mosul operation, but those figures have yet to materialise.

Forces from Iraq’s elite Counter-Terrorism Service have advanced deep into eastern Mosul, and nearly half of that side of the city has been recaptured.

But forces on the southern front have stalled south of Mosul, and those north of the city have also not entered it so far.

West of Mosul, Iraqi paramilitaries aim to retake Tal Afar, located between the city and Syria, but have yet to launch an assault on the town itself.

According to a report published by HRW on Sunday, the Hashed Al Jabour militia, made up of Sunni tribal fighters, killed four men it had captured in a village north of Mosul in November.

The report cited witnesses who said the men were shot in the presence of Iraqi security forces without any judicial proceedings.

The militia is part of the Popular Mobilisation Forces, a group of mainly Shiite militias sanctioned by the government which have been accused of abuses during past campaigns against ISIL, a Sunni extremist group.

Iraqi government spokesman Saad Al Hadithi said authorities were unaware of the incident, but were committed to arresting and trying anyone suspected of human rights violations.

“Retaliations could happen in some areas by the locals [in the PMF] who had family members and relatives killed by Daesh before the entering of government security forces,” Mr Al Hadithi said. “Such acts are totally rejected by the Iraqi government and are fully investigated, and those behind it face trials.”

In comments broadcast on state television Saturday, Iraqi prime minister Haider Al Abadi said he had not received any complaints about the Popular Mobilisation Forces. He said the Mosul fight was “clean” and moving forward at a good pace.

* Agence France-Presse and Associated Press

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Monday
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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.”

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

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Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
 

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The permutations for UAE going to the 2018 World Cup finals

To qualify automatically

UAE must beat Iraq.

Australia must lose in Japan and at home to Thailand, with their losing margins and the UAE's winning margin over Iraq being enough to overturn a goal difference gap of eight.

Saudi Arabia must lose to Japan, with their losing margin and the UAE's winning margin over Iraq being enough to overturn a goal difference gap of eight.

 

To finish third and go into a play-off with the other third-placed AFC side for a chance to reach the inter-confederation play-off match

UAE must beat Iraq.

Saudi Arabia must lose to Japan, with their losing margin and the UAE's winning margin over Iraq being enough to overturn a goal difference gap of eight.

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