NEW YORK // An enormous explosion ripped through the darkness and awoke Raed Saleh early one morning in the Syrian town of Darkush.
An emergency first responder with the Syrian Civil Defence forces, Mr Saleh and his team donned helmets and rushed to the apartment building that was hit, even as another barrel bomb struck the town, located in Syria’s northwestern Idlib province.
“We responded very quickly, but we had only very light equipment and nothing to fight the fire with,” Mr Saleh said, recalling the attack, which occurred a year ago. “That was the most difficult day I have experienced. We couldn’t help. We could only collect the burnt corpses.”
Mr Saleh is in New York to meet officials at the 69th United Nations General Assembly in hopes they will provide more humanitarian assistance to Syria through projects such as his.
Mr Saleh and a Syrian refugee based in Turkey who helps administer the group, Farouq Al Habib, 33, met with the UN special envoy for the Syrian crisis, Staffan de Mistura.
The special envoy told them that he “would talk to relevant UN agencies to see how they can assist civil defence groups to reduce the suffering of civilians”, according to a UN spokesman. UN aid agencies are no longer legally bound to work with Damascus on initiatives inside Syria.
Mr Saleh, 30, had joined the peaceful protests against Syrian president Bashar Al Assad in 2011. Later, he was forced to flee to Turkey as violence consumed the country. While there, he was selected in 2013 to take part in a British-led course to train refugees who wanted to be first responders.
Last year, he returned to help establish the Syrian Civil Defence force, which trains residents to be emergency first responders as the regime continues its attacks on rebel-held areas.
But even with its initial British and US funding, their equipment can’t keep pace with the regime’s violence, which has escalated since an international coalition declared war on ISIL and announced plans to bolster moderate rebels opposed Mr Mr Al Assad.
“If Syrians are given support they will be able to build other organisations to provide services,” Mr Saleh said. Yet, despite the devastation in Syria, the UN General Assembly is focused on the fight against ISIL. Millions of Syrians caught up in the conflict are still at risk from starvation and disease.
The pair also met with representatives from the Friends of Syria countries that support the opposition, but no specific commitments were made, Mr Al Habib said.
“Most of their statements were regarding ISIL.”
In December, the World Food Programme said it will run out of money used to feed more than four million displaced Syrians.
The funding crisis for programmes that are crucial to providing basic needs for an estimated 10.8 million internal and external Syrians refugees is not limited to the WFP, UN officials say.
Even after Gulf Arab countries, the biggest donors to displaced and war-affected Syrians, began funnelling their money through the UN rather than through local charities last year, its agencies are unable to keep up with the fast-growing demand.
Yacoub El Hillo, the highest ranking UN humanitarian official in Syria, said that only one third of the $6.8 billion UN agencies had requested from international donors this year has been met.
“I’m concerned about this year, but I am really more concerned about next year,” he said.
Next month, the WFP said it will cut food rations by 40 per cent to the 4.2 million Syrians it reaches, with funds soon running out completely.
With winter fast approaching, “this year UNHCR has received no funding” for warm clothes, heating and reinforced housing for refugees, who are particularly vulnerable to winter conditions, Mr El Hillo said.
The World Health Organisation’s Syria programmes, including polio vaccination schemes, are at less than one third of required funding, he added. UNRWA is already cutting its assistance to thousands of Palestinian refugees in the country.
The world isn’t running out of money, Mr Hillo said. But as the war drags on through its fourth year, and global attention has shifted to the threat of ISIL, “that is where the resources are becoming more and more focused”.
The pool of resources provided by traditional donors is also shrinking as crises multiply around the world, and the speed at which funds are raised simply cannot keep pace with Syria’s demands.
“The number of people affected now as compared to the situation in January when there was the last donor’s conference is more serious, but it is not accompanied by fresh funding,” Mr El Hillo said.
This makes finding funding for groups like Mr Saleh’s ever more difficult.
Groups like the Civil Defence first responders have learnt to be creative with what they have, but they can’t save as many lives as a result.
“We have shortage on all levels,” Mr Al Habib said. “We don’t have enough vehicles, firefighting and digging equipment, and not enough funds for operating expenses.”
Last Friday, one of Mr Saleh’s men were killed when a second barrel bomb was dropped as they dug through the rubble looking for survivors of an earlier strike.
He doubted that the US-led coalition’s airstrikes on Syria would stop the war.
“We know who is responsible for the killing and it is the regime,” Mr Al Habib said. “Bombing ISIL will not stop the barrel bombs.”
tkhan@thenational.ae
* The special envoy for Syria did not promise to get UN funding for equipment as an earlier version of this article indicated.
UAE jiu-jitsu squad
Men: Hamad Nawad and Khalid Al Balushi (56kg), Omar Al Fadhli and Saeed Al Mazroui (62kg), Taleb Al Kirbi and Humaid Al Kaabi (69kg), Mohammed Al Qubaisi and Saud Al Hammadi (70kg), Khalfan Belhol and Mohammad Haitham Radhi (85kg), Faisal Al Ketbi and Zayed Al Kaabi (94kg)
Women: Wadima Al Yafei and Mahra Al Hanaei (49kg), Bashayer Al Matrooshi and Hessa Al Shamsi (62kg)
Scorecard
Scotland 220
K Coetzer 95, J Siddique 3-49, R Mustafa 3-35
UAE 224-3 in 43,5 overs
C Suri 67, B Hameed 63 not out
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
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.”
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
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The specs
Price, base / as tested Dh960,000
Engine 3.9L twin-turbo V8
Transmission Seven-speed dual-clutch automatic
Power 661hp @8,000rpm
Torque 760Nm @ 3,000rpm
Fuel economy, combined 11.4L / 100k
Saturday's results
West Ham 2-3 Tottenham
Arsenal 2-2 Southampton
Bournemouth 1-2 Wolves
Brighton 0-2 Leicester City
Crystal Palace 1-2 Liverpool
Everton 0-2 Norwich City
Watford 0-3 Burnley
Manchester City v Chelsea, 9.30pm
Kanye%20West
%3Cp%3EYe%20%E2%80%94%20the%20rapper%20formerly%20known%20as%20Kanye%20West%20%E2%80%94%20has%20seen%20his%20net%20worth%20fall%20to%20%24400%20million%20in%20recent%20weeks.%20That%E2%80%99s%20a%20precipitous%20drop%20from%20Bloomberg%E2%80%99s%20estimates%20of%20%246.8%20billion%20at%20the%20end%20of%202021.%3Cbr%3EYe%E2%80%99s%20wealth%20plunged%20after%20business%20partners%2C%20including%20Adidas%2C%20severed%20ties%20with%20him%20on%20the%20back%20of%20anti-Semitic%20remarks%20earlier%20this%20year.%3Cbr%3EWest%E2%80%99s%20present%20net%20worth%20derives%20from%20cash%2C%20his%20music%2C%20real%20estate%20and%20a%20stake%20in%20former%20wife%20Kim%20Kardashian%E2%80%99s%20shapewear%20firm%2C%20Skims.%3C%2Fp%3E%0A
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Japan 30-10 Russia
Tries: Matsushima (3), Labuschange | Golosnitsky
Conversions: Tamura, Matsuda | Kushnarev
Penalties: Tamura (2) | Kushnarev