Turkey's president Recep Tayyip Erdogan delivers a speech at a conference in Istanbul on April 29, 2017, during which he said that, together, Ankara and Washington could turn Raqqa into an ISIL graveyard. Press Presidency Press Service via AP, Pool
Turkey's president Recep Tayyip Erdogan delivers a speech at a conference in Istanbul on April 29, 2017, during which he said that, together, Ankara and Washington could turn Raqqa into an ISIL graveyard. Press Presidency Press Service via AP, Pool
Turkey's president Recep Tayyip Erdogan delivers a speech at a conference in Istanbul on April 29, 2017, during which he said that, together, Ankara and Washington could turn Raqqa into an ISIL graveyard. Press Presidency Press Service via AP, Pool
Turkey's president Recep Tayyip Erdogan delivers a speech at a conference in Istanbul on April 29, 2017, during which he said that, together, Ankara and Washington could turn Raqqa into an ISIL gravey

Turkey and US can turn Raqqa into ‘graveyard’ for ISIL, says Erdogan


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ISTANBUL // Turkey and the United States can join forces to turn ISIL-held Raqqa into a “graveyard” for the extremists, the Turkish president said yesterday.

The Turkish government is pressuring Washington to stop backing Kurdish fighters as an ally in the fight against ISIL militants in Syria, in a dispute that has limited cooperation between the Nato allies.

“The huge America, the coalition and Turkey can join hands and turn Raqqa into a graveyard for Daesh,” said president Recep Tayyip Erdogan.

“They will look for a place for themselves to hide.”

His comments came as local media reported that the Turkish military had moved armoured vehicles and personnel carriers to a base near the Syrian border – a day after US troops were seen patrolling the tense border in Syria.

Mr Erdogan is due to meet president Donald Trump on May 16 in the US, the two men’s first face-to-face summit since the American leader took office in January.

Ankara is hopeful about the future of the relationship with Washington under Mr Trump after ties frayed in the final years of the Obama administration.

The two countries have bitterly disagreed over the role of the Kurdish People’s Protection Units (YPG) in Syria.

Turkey sees the YPG as a terrorist group linked to the outlawed Kurdistan Workers’ Party (PKK), which has been waging a deadly insurgency against the Turkish state since 1984.

But for Washington, the YPG is essential in the fight against ISIL militants.

Until nowm the dispute has held up any joint US-Turkish operation to seize Raqqa and Mr Erdogan is clearly hoping for a breakthrough at his meeting with Mr Trump.

Turkey announced earlier this month it had completed its six-month-long Euphrates Shield operation in northern Syria against extremists and Kurdish militia, although it is keeping a presence to maintain security in towns now under the control of pro-Ankara Syrian rebels.

Mr Erdogan said yesterday he would present Mr Trump with “documents” proving the YPG’s links to the PKK, which is designated as a terror group by Ankara and Washington.

“We are telling American friends not to take a terror group along with them,” he added.

Turkey carried out several air strikes in Syria and Iraq against Kurdish separatists and their allies on Wednesday, drawing the wrath of US officials who accused Ankara of poor coordination.

The strikes in the Sinjar area of northern Iraq were against positions held by the Yazidi Protection Units (YBS), a militia supported by the PKK.

“We launched strikes against Sinjar, and the other place (in Syria) and killed 210 to 220 terrorists there. Why? You cannot play with this nation,” Mr Erdogan said.

He hinted at future operations against the YPG and PKK in Iraq and Syria.

“We know very well what to do when the right time comes. We can turn up abruptly one night,” he said, repeating a line from a well-known Turkish song.

Tensions escalated earlier this week with cross-border clashes between Turkish forces and the YPG near the Syrian border. Turkey fired a barrage of artillery at the YPG, who returned fire with rockets on Turkish outposts on the border.

Also yesterday, the Syrian military said its troops and allied fighters had repelled an ISIL attack on a strategic area held by the government in a southeastern area of Aleppo province.

The attack took place in Khanaser – a strategic region that links Aleppo with central and western Syria. Khanaser has changed hands many times during the conflict. But last year, government troops and allied fighters wrested control of the area from ISIL.

The military’s media arm said ISIL had attacked Um Mayyal, a village near a mountain range in Khanaser, and other areas.

The Syrian Observatory for Human Rights, a Britain-based opposition monitor, said ISIL fighters attacked military posts in the area, triggering intense clashes and leaving many casualties.

ISIK’s Aamaq news agency claimed ISIL fighters killed 30 government soldiers in the attack on Um Mayyal.

Elsewhere, hundreds of Syrians from the rebel-held suburbs of eastern Ghouta, near Damascus, protested against infighting between insurgent groups that began on Friday and killed dozens of people.

The infighting came amid an intensified government offensive in the area near Damascus, which the rebels have controlled for years but has been increasingly squeezed by government advances.

“God rid us of all leaders,” the protesters chanted, criticising the head of the insurgent groups for diverting their weapons from the front line with the government.

The infighting is pitting the powerful Army of Islam group against Al Rahman Corps and Al Qaeda-linked group the Levant Liberation Committee, or Hayat Tahrir Al Sham. Each side blames the other for triggering the fighting in the power struggle over control of eastern Ghouta. Some activists have called on Army of Islam to rid eastern Ghouta of the powerful Levant Liberation Committee.

The Observatory said shots were fired at the protesters in one area, injuring five.

* Agence France-Presse, Associated Press

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A UK report on youth social media habits commissioned by advocacy group Volteface found a quarter of young people were exposed to illegal drug dealers on social media.

The poll of 2,006 people aged 16-24 assessed their exposure to drug dealers online in a nationally representative survey.

Of those admitting to seeing drugs for sale online, 56 per cent saw them advertised on Snapchat, 55 per cent on Instagram and 47 per cent on Facebook.

Cannabis was the drug most pushed by online dealers, with 63 per cent of survey respondents claiming to have seen adverts on social media for the drug, followed by cocaine (26 per cent) and MDMA/ecstasy, with 24 per cent of people.

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Number of Chinese people in International City: Almost 50,000

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Daily visitors to Dragon Mart in 2010: 20,000

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Favourite food: Dim sum

Favourite place to travel to: Anywhere with natural beauty, wildlife and awe-inspiring sunsets.

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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.

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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.

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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.”

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