Medics inspect the damage outside a field hospital after an airstrike on the rebel-held Al Maadi neighbourhood of Aleppo on September 28, 2016. Abdalrhman Ismail/Reuters
Medics inspect the damage outside a field hospital after an airstrike on the rebel-held Al Maadi neighbourhood of Aleppo on September 28, 2016. Abdalrhman Ismail/Reuters
Medics inspect the damage outside a field hospital after an airstrike on the rebel-held Al Maadi neighbourhood of Aleppo on September 28, 2016. Abdalrhman Ismail/Reuters
Medics inspect the damage outside a field hospital after an airstrike on the rebel-held Al Maadi neighbourhood of Aleppo on September 28, 2016. Abdalrhman Ismail/Reuters

Syrian medics and patients once again targets as strikes hit Aleppo hospitals


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ALEPPO // The United States threatened to suspend its engagement with Russia over Syria on Wednesday following escalating attacks on rebel-held parts of Aleppo, including strikes on two hospitals.

UN chief Ban Ki-moon denounced the attacks – in which the two largest hospitals in Aleppo’s opposition-controlled east were hit with air strikes and artillery fire – as “war crimes”.

Syrian president Bashar Al Assad’s forces and his ally Moscow have carried out a barrage of air strikes on eastern Aleppo since Syria’s regime announced a bid last week to retake all of the divided city.

Dozens of civilians have been killed, residential buildings have been reduced to rubble and residents of eastern districts – already suffering under a government siege – are facing severe shortages of food and medical supplies.

The latest bombardment has been some of the worst in Syria’s five-year civil war, and comes after the failure of a short-lived ceasefire brokered by Russia and the United States earlier this month.

Moscow and Washington have traded blame over the ceasefire’s collapse, with stinging US criticism of Russia’s participation in the Aleppo offensive.

On Wednesday, US secretary of state John Kerry warned his Russian counterpart, Sergey Lavrov, that Washington would end talks on the Syrian conflict unless Moscow halts the assault on Aleppo.

Mr Kerry said the burden was on Russia to stop the assault and ensure humanitarian aid access.

“The United States is making preparations to suspend US-Russia bilateral engagement on Syria ... unless Russia takes immediate steps to end the assault on Aleppo and restore the cessation of hostilities,” Mr Kerry’s spokesman, John Kirby, said.

The M10 and M2 hospitals were hit before dawn on Wednesday, forcing both to shut temporarily, said Adham Sahloul of the Syrian American Medical Society (Sams), which supports both hospitals.

It was unclear who had carried out the bombings, which Mr Ban denounced before the Security Council.

“Those using ever more destructive weapons know exactly what they are doing. They know they are committing war crimes,” he said.

“Imagine the destruction. People with limbs blown off. Children in terrible pain with no relief,” he said. “Imagine a slaughterhouse. This is worse.”

Inside one of the hospitals, patients and medical staff cowered in fear.

“I am in the M2 hospital now. I was inside when the entrance to the emergency room was hit. Three of my colleagues were hurt,” said Aref Al Aref, a medical assistant.

“Everyone is terrified and scared today. We are afraid that we will be today’s victims.”

The head of the White Helmets volunteer rescue force, which operates in opposition-held territory in northern Syria, said that under current conditions civilian facilities in eastern Aleppo would no longer be able to function within a month.

Mr Sahloul, meanwhile, warned that Wednesday’s attacks could have devastating consequences.

“With these two hospitals gone, if today there is another offensive like Saturday or Sunday, this is signing the death warrant for hundreds of people,” he said.

* Agence France-Presse

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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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.”

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

SERIE A FIXTURES

Friday Sassuolo v Benevento (Kick-off 11.45pm)

Saturday Crotone v Spezia (6pm), Torino v Udinese (9pm), Lazio v Verona (11.45pm)

Sunday Cagliari v Inter Milan (3.30pm), Atalanta v Fiorentina (6pm), Napoli v Sampdoria (6pm), Bologna v Roma (6pm), Genoa v Juventus (9pm), AC Milan v Parma (11.45pm)

Straightforward ways to reduce sugar in your family's diet
  • Ban fruit juice and sodas
  • Eat a hearty breakfast that contains fats and wholegrains, such as peanut butter on multigrain toast or full-fat plain yoghurt with whole fruit and nuts, to avoid the need for a 10am snack
  • Give young children plain yoghurt with whole fruits mashed into it
  • Reduce the number of cakes, biscuits and sweets. Reserve them for a treat
  • Don’t eat dessert every day 
  • Make your own smoothies. Always use the whole fruit to maintain the benefit of its fibre content and don’t add any sweeteners
  • Always go for natural whole foods over processed, packaged foods. Ask yourself would your grandmother have eaten it?
  • Read food labels if you really do feel the need to buy processed food
  • Eat everything in moderation
Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

While you're here
The specs: 2017 GMC Sierra 1500 Denali

Price, base / as tested Dh207,846 / Dh220,000

Engine 6.2L V8

Transmission Eight-speed automatic

Power 420hp @ 5,600rpm

Torque 624Nm @ 4,100rpm

Fuel economy, combined 13.5L / 100km

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5