US president Barack Obama will be outlining his plans for expanding the campaign against the Islamic State of Iraq and the Levant militant group on Tuesday. AP Photo / Charles Dharapak
US president Barack Obama will be outlining his plans for expanding the campaign against the Islamic State of Iraq and the Levant militant group on Tuesday. AP Photo / Charles Dharapak

Obama to outline plans for expanding campaign against ISIL



NEW YORK // Barack Obama on Wednesday will outline his plans for expanding a US-led military campaign against ISIL extremists that US officials have said could take years to complete.

The campaign could include US airstrikes against the group in northern Syria and a long-discussed US military effort to build up beleaguered rebel groups to fight ISIL, US officials were reported as saying.

Mr Obama will meet Congressional leaders on Tuesday to preview his administration’s efforts to add to an international coalition of US allies in Europe and the region to fight ISIL, and is expected to urge the legislators to quickly approve $500 million (Dh1.84 billion) for training and arming vetted Syrian rebel groups.

The US secretary of state John Kerry, meanwhile, was to set off on Tuesday on a trip to Jordan and Saudi Arabia as part of efforts to build an international coalition to counter ISIL, the state department announced on Monday night. A spokesman said that more than 40 countries have already indicated a willingness to help out in some way against the militants.

Mr Obama told NBC's Meet the Press on Sunday that in Syria, "the boots on the ground have to be Syrian … we're going to have to develop a moderate Sunni opposition that can control territory and that we can work with".

The question of defeating ISIL in Syria is expected to be the most fraught – and crucial – aspect of Mr Obama’s strategy, as regional allies remain wary of his commitment to rebels there.

The first step in the plans, Mr Obama said, is already under way. US airstrikes and military advisers are helping forces in Iraq begin to push back ISIL’s gains in strategic areas, and protect minorities and US diplomatic facilities.

This phase was expanded on Monday when US airstrikes targeted ISIL positions in Anbar province for the first time, around Haditha dam. The Iraqi government requested the assistance as its security forces and Sunni tribal militias fought to secure the country’s second-largest hydroelectric dam.

“The next phase is now to start going on some offence,” Mr Obama said.

Stepped-up US efforts to train and equip Iraqi forces, Kurdish peshmerga fighters and Sunni militias would be a part of this offensive, but such measures would only begin after a more inclusive Iraqi government is formed in Baghdad. Mr Obama said he was “optimistic” that the government will be formed this week.

The Iraqi parliament was debating the new government on Monday night.

The US secretary of defence, Chuck Hagel, travelled to Ankara on Monday to get Turkey on board with the White House plan, and the secretary of state, John Kerry, is expected to visit Middle East capitals soon to try to expand the 10-country coalition against ISIL.

Exactly which countries will be involved and how they will contribute is still unclear, but US officials have said that it is crucial that Sunni-led countries play a part, both for legitimacy and because they have the most at stake, and also because only they can help facilitate the more complex political reconciliation process necessary to convince Sunnis in Iraq and Syria to fight ISIL.

“[W]e’re going to need Sunni states to step up – not just Saudi Arabia, our partners like Jordan, United Arab Emirates, Turkey,” Mr Obama said. “Perhaps the first time, we have absolute clarity that the problem for Sunni states in the region, many of whom are our allies, is not simply Iran. It’s not simply a Sunni-Shia issue. Sunni extremism, as represented by ISIL, is the biggest danger that they face right now.”

US officials have said that Jordan would be best placed to help provide on-the-ground intelligence on ISIL, and that Saudi Arabia will be able to use leverage with Sunni tribes and to help fund Syrian rebels.

The difficulty of convincing Sunnis to take on ISIL — without the US military backing for Iraqi Sunni fighters that helped them defeat ISIL’s predecessor in 2008 — was highlighted on Monday by a suicide car bombing of a meeting between Jabour tribal fighters and Iraqi forces in the town of Duluiyah, 80 km north of Baghdad.

At least 16 were killed and 55 injured in the town that was cleared of ISIL militants by the Jabour tribesmen in July.

The Arab League early on Monday issued a resolution calling for immediate measures to fight ISIL on political, military, legal and security levels, but did not give further details. The lack of details is a sign that US efforts to get firm commitments in writing may be more difficult than expected.

The league’s resolution underscored apprehension about the US approach to ISIL, and whether it would be selective and focus on Iraq while not addressing the underlying causes of the group’s rise in Syria, Mustafa Alani, director of the security and defense department at the Gulf Research Center in Geneva, told the Associated Press.

“There will be no signing on a white paper,” Mr Alani said. Arab leaders want “equal efforts in changing the situation in Syria. Without it, it is a lost war.”

tkhan@thenational.ae

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

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The%20specs%3A%202024%20Mercedes%20E200
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The%20Hunger%20Games%3A%20The%20Ballad%20of%20Songbirds%20%26%20Snakes
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%C2%A0Francis%20Lawrence%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3ERachel%20Zegler%2C%20Peter%20Dinklage%2C%20Viola%20Davis%2C%20Tom%20Blyth%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Company%20profile%20
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What She Ate: Six Remarkable Women & the Food That Tells Their Stories
Laura Shapiro
Fourth Estate

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.”

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat
Zakat definitions

Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.

Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.

Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.

Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.

COMPANY%20PROFILE
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What is Reform?

Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.

It was founded in 2018 and originally called the Brexit Party.

Many of its members previously belonged to UKIP or the mainstream Conservatives.

After Brexit took place, the party focused on the reformation of British democracy.

Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.

The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.

Countries offering golden visas

UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.

Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.

Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.

Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.

Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence. 

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million