BEIRUT // Syrian jets bombarded the eastern city of Deir Ezzor on Friday after heavy overnight clashes and the killing of a top military intelligence officers.
General Jamaa Jamaa was shot dead on Thursday by snipers in the middle of a battle with rebels including forces linked to Al Qaeda, the Syrian Observatory for Human Rights said.
His death, celebrated by rebels and opposition activists, marked a significant setback for Bashar Al Assad’s bid to retain a hold over the city, capital of the eastern oil-producing province.
A death notice published on Facebook said Jamaa’s body was being flown back for burial on Friday in his home village of Zama in the mountains overlooking the Mediterranean, the heartland of Mr Al Assad’s Alawite sect.
Syria’s two-and-a-half year uprising began with peaceful protests but has descended into civil war with sectarian dimensions. Syria’s Sunni majority has largely joined the revolt against four decades of Assad family rule. Minority sects such as the Alawites, an offshoot of Shiite Islam, have largely stood behind the president.
Jamaa, 59, had served as Syria’s top military intelligence officer in Lebanon until Damascus withdrew its forces under intense international pressure in 2005.
The withdrawal followed the February 14, 2005 assassination of Lebanon’s former prime minister Rafik Al Hariri, a killing widely blamed at the time on Syria, and for which Jamaa was investigated by a United Nations team.
Jamaa was then appointed chief of military intelligence in Deir Ezzor, a prominent and sensitive position because of the flow of Sunni militants across the border into Iraq where insurgents were fighting US and Iraqi Shiite forces.
In August 2011, five months after protests first erupted against Mr Al Assad, the European Union imposed sanctions on Jamaa for his role in “repression and violence against the civilian population”.
Activists say dozens of rebels and pro-Assad forces have been killed this week in heavy fighting around Deir Ezzor.
The observatory reported clashes overnight in several districts of the city and said rebels from the Al Qaeda-linked Jabhat Al Nusra executed 10 soldiers they captured in the Rashidiyah district, where Jamaa was killed on Thursday.
While rebels had made progress and launched an attack on the nearby military airport, they were unlikely to achieve a speedy and complete victory in the strategic region which borders Iraq, the observatory’s Rami Abdulrahman said.
Although much of Deir Ezzor province is under rebel control, some tribes remain loyal to Mr Al Assad and control of the city itself is shared between rebels and loyalists, he said.
Syria’s civil war has killed more than 110,000 people and divided the Middle East between Sunni Gulf states and Turkey which mostly support the rebels, and Shiite Iran and Hizbollah which have backed Mr Al Assad.
International efforts are growing to convene peace talks in Geneva next month, encouraged by rare agreement among global powers over the elimination of Syria’s chemical weapons after sarin gas attacks near Damascus in August.
But the United States and Russia, responding to Syria’s announcement that the talks would go ahead in Geneva on November 23-24, said on Thursday that no date had yet been set.
The international envoy for Syria, Lakhdar Brahimi, is due to hold talks in the region next week to try to prepare for the negotiations, his spokeswoman Khawla Mattar said.
Brahimi will start his tour in Cairo on Saturday, meeting Egypt’s foreign minister. Iran and Syria are expected to be among the stops on Mr Brahimi’s itinerary.
While Mr Brahimi is in the Middle East, Mr Al Assad’s international opponents will gather in London on Tuesday. The office of French Foreign Minister Laurent Fabius said he will travel to Britain for the meeting, which will be attended by the US secretary of state, John Kerry.
Even if the long-delayed Geneva talks do go ahead there is little prospect of forging a political deal on which Mr Al Assad and his foes could agree.
George Sabra, head of the Syrian National Council which is a prominent party in Syria’s broad opposition coalition, said on Friday that Mr Al Assad must step down as a precondition for the talks in Switzerland on political transition in Syria.
“We want an announcement in advance that Bashar Al Assad and his ruling clique ... form no part of the political life in Syria in the transitional stage and in future,” he said. “The transitional body that results from the meeting should have full powers including those of the presidency.”
Mr Al Assad has said he will not step down before presidential elections next year in which he may seek a third term. He has ruled out a ceasefire with rebels he dismisses as terrorists and says there can be no talks with any opposition figures who support foreign military or political intervention in Syria.
* Reuters
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UAE Premiership
Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes
Final
Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai
Company%20Profile
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The biog
Favourite pet: cats. She has two: Eva and Bito
Favourite city: Cape Town, South Africa
Hobby: Running. "I like to think I’m artsy but I’m not".
Favourite move: Romantic comedies, specifically Return to me. "I cry every time".
Favourite spot in Abu Dhabi: Saadiyat beach
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
RESULTS
Catchweight 63.5kg: Shakriyor Juraev (UZB) beat Bahez Khoshnaw (IRQ). Round 3 TKO (body kick)
Lightweight: Nart Abida (JOR) beat Moussa Salih (MAR). Round 1 by rear naked choke
Catchweight 79kg: Laid Zerhouni (ALG) beat Ahmed Saeb (IRQ). Round 1 TKO (punches)
Catchweight 58kg: Omar Al Hussaini (UAE) beat Mohamed Sahabdeen (SLA) Round 1 rear naked choke
Flyweight: Lina Fayyad (JOR) beat Sophia Haddouche (ALG) Round 2 TKO (ground and pound)
Catchweight 80kg: Badreddine Diani (MAR) beat Sofiane Aïssaoui (ALG) Round 2 TKO
Flyweight: Sabriye Sengul (TUR) beat Mona Ftouhi (TUN). Unanimous decision
Middleweight: Kher Khalifa Eshoushan (LIB) beat Essa Basem (JOR). Round 1 rear naked choke
Heavyweight: Mohamed Jumaa (SUD) beat Hassen Rahat (MAR). Round 1 TKO (ground and pound)
Lightweight: Abdullah Mohammad Ali Musalim (UAE beat Omar Emad (EGY). Round 1 triangle choke
Catchweight 62kg: Ali Taleb (IRQ) beat Mohamed El Mesbahi (MAR). Round 2 KO
Catchweight 88kg: Mohamad Osseili (LEB) beat Samir Zaidi (COM). Unanimous decision
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
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7. Report lost or stolen debit and credit cards immediately
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.”
'Dark Waters'
Directed by: Todd Haynes
Starring: Mark Ruffalo, Anne Hathaway, William Jackson Harper
Rating: ****
More on animal trafficking
Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets