People run for cover after an explosion in the Afghan city of Jalalabad on April 18, 2015. Parwiz/Reuters
People run for cover after an explosion in the Afghan city of Jalalabad on April 18, 2015. Parwiz/Reuters

Suicide bomber kills 33 in bloody attack outside Afghan bank



JALALABAD // A suicide bomber killed at least 33 people and wounded 100 others in the eastern Afghan city of Jalalabad on Saturday in the country’s deadliest attack since November.

The bombing, which took place outside a bank, comes as Afghanistan braces itself for what is expected to be a bloody push by the Taliban at the start of the fighting season.

“Thirty-three dead bodies and more than 100 wounded were brought to the hospital,” said Dr Najeebullah Kamawal, head of the provincial hospital.

Ahmad Zia Abdulzai, provincial government spokesman, confirmed the attack but put the death toll slightly lower at 30.

“The explosion happened outside the bank when government employees and civilians were collecting their monthly salaries,” he said.

Afghan president Ashraf Ghani strongly condemned the attack, which saw children among those killed, his office said in a statement.

“Carrying out terrorist attacks in cities and public places are the most cowardly acts of terror by terrorists targeting innocent civilians,” president Ghani said.

The scene of the attack showed the gruesome scale of the carnage with people lying in pools of blood and body parts scattered across the ground.

Taliban spokesman Zabihullah Mujahid denied responsibility for the bombing.

However, the militants have stepped up attacks on government and foreign targets since Washington back-pedalled on plans to shrink the United States force in Afghanistan this year by nearly half.

On April 10, a suicide car bomber killed three civilians in an attack targeting a Nato convoy in Jalalabad.

The same day, in the remote mountainous north-east province of Badakhshan, Taliban fighters killed 18 Afghan soldiers – including some who were beheaded – after storming an army outpost a week ago.

The predawn raid in the Jurm district of Badakhshan marked a grim setback for Afghan forces, who are set to face their first fighting season in which they battle insurgents without full Nato support.

Nato’s combat mission formally ended in December but a small follow-up foreign force has stayed on to train and support local security forces.

President Barack Obama last month announced a delay in US troop withdrawals from Afghanistan.

Hosting president Ghani at the White House for their first presidential face-to-face meeting, Mr Obama agreed to keep the current level of 9,800 US troops until the end of 2015.

The Taliban, who have waged a deadly insurgency since they were ousted from power in late 2001, warned that the announcement would damage any prospects of peace talks as they vowed to continue fighting.

A US watchdog said in a report last month that Afghan security forces were suffering heavy casualties on the battlefield and large numbers of troops were resigning or deserting their units.

Between October 2013 and September 2014, more than 1,300 Afghan army soldiers were killed in action and 6,200 were wounded, the Special Inspector General for Afghanistan Reconstruction said in its report.

Between September 2013 and September 2014, more than 40,000 personnel were dropped from Afghan national army rolls, it said.

The Pentagon insists the Afghan forces are holding their own after the bulk of Nato combat forces withdrew last year.

But senior US officers have voiced concern at the high casualty and attrition rates plaguing the Afghan army.

* Agence France-Presse

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

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.”

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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Brief scoreline:

Al Wahda 2

Al Menhali 27', Tagliabue 79'

Al Nassr 3

Hamdallah 41', Giuliano 45 1', 62'

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

Pathaan
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  • Use unique usernames and passwords while enabling multi-factor authentication.
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  • Critically assess whether a project’s promises or returns seem too good to be true.
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SRI LANKA SQUAD

Upul Tharanga (captain), Dinesh Chandimal, Niroshan Dickwella
Lahiru Thirimanne, Kusal Mendis, Milinda Siriwardana
Chamara Kapugedara, Thisara Perera, Seekuge Prasanna
Nuwan Pradeep, Suranga Lakmal, Dushmantha Chameera
Vishwa Fernando, Akila Dananjaya, Jeffrey Vandersay

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Super Rugby play-offs

Quarter-finals

  • Hurricanes 35, ACT 16
  • Crusaders 17, Highlanders 0
  • Lions 23, Sharks 21
  • Chiefs 17, Stormers 11

Semi-finals

Saturday, July 29

  • Crusaders v Chiefs, 12.35pm (UAE)
  • Lions v Hurricanes, 4.30pm
Water waste

In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.

Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.

A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.

The Emirates is the world’s third largest per capita water consumer after the US and Canada.

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

SPECS
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