ERBIL // More than 20 Kurdish fighters were killed on Tuesday when Turkey launched a series of air strikes against Kurdish militia groups in Syria and Iraq, attacking a key US ally in the fight against ISIL in Syria and escalating the standoff between rival Kurdish parties in Iraq.
Turkish warplanes struck positions of groups affiliated with the Kurdistan Workers’ Party, known as the PKK, in Syria’s northeastern Hassakeh province and in the Sinjar area of northern Iraq in the early hours of Tuesday.
“To destroy these terror hubs which threaten the security, unity and integrity of our country and our nation and as part of our rights based on international law, air strikes have been carried out,” the Turkish army said on Tuesday, vowing continued action against groups linked to the PKK which has been engaged in a decades-long insurgency in Turkey.
The army said it had killed 70 militants in the strikes but the groups targeted gave much lower tolls.
In Syria, the attacks targeted the Peoples’ Protection Units – Syrian Kurdish militia known as the YPG – on Mount Karachok, near the city of Derik in Hassakeh province. At least 20 militia fighters were killed and 18 wounded, according to YPG spokesman Redur Khalil.
Due to its ties with the PKK, Turkey regards the YPG as a terrorist organisation that threatens its internal security.
The YPG is receiving training, equipment and air support from the United States, and is widely regarded as ISIL’s most capable opponent in Syria.
It is part of the Syrian Democratic Forces, an umbrella organisation that is only a few kilometres from Raqqa – ISIL’s self-declared capital.
In Iraq, Turkey’s air force targeted positions of the YBS, a Yazidi affiliate of the PKK, in Sinjar. The strikes killed and wounded a number of its fighters, according to Zagros Hiwa, a PKK spokesman in Iraq.
But five members of the Iraqi Kurdish armed forces, the peshmerga, also died in the attacks, while nine were wounded, according to the Kurdistan Regional Government. It said one member of its internal security service was also killed.
The ministry of peshmerga called the deaths of its fighters “unacceptable” but was quick to blame the PKK for the incident.
“We announce that all these problems are due to the presence of PKK in the area as they have made issues for the people of the Kurdistan Region,” it said.
The Kurdistan Regional Government and the PKK have been jostling for control over Sinjar ever since ISIL was expelled from much of the area in November 2015.
Turkey has thrown its weight behind the Kurdistan Democratic Party (KDP), the dominant Kurdistan Regional Government party in Sinjar, in a bid to stymie the PKK’s influence in the region near the Syrian border.
“[Turkey] views northern Iraq from Kirkuk upwards as its sphere of influence. The strategic goal is to ensure KDP dominance in the area. Turkey can only exercise real influence through the KDP ultimately,” said Kirk Sowell, head of the Utica Risk Services consultancy and publisher of the Inside Iraqi Politics newsletter.
Sinjar is part of a broad swathe of territory straddling the automous Kurdish region that is claimed both by the Kurdistan Regional Government and the Iraqi government, and the dispute offers Turkey a chance to build its influence in an area nominally under Iraqi control.
The town of Sinjar and the surrounding area are the heartland of the Yazidi religious minority. When ISIL launched a lightning attack into Sinjar in August 2014, the peshmerga stationed in the area retreated, allowing the extremists to kill and abuct thousands of Yazidis.
The panicked survivors were surrounded on Mount Sinjar, the craggy ridge line that dominates the landscape in the area. A YPG attack launched from Syria in December 2015 broke through the encirclement, allowing tens of thousands of Yazidis to escape to safety.
The ISIL assault dented the Turkey-backed KDP’s popularity among the Yazidi community, while leading to a surge in recruits to the Yazidi-affiliated YBS.
Both the peshmerga and the PKK maintained a heavy presence in Sinjar after ISIL was driven out of the city in 2015, and relations have remained fraught.
ISIL remains lodged in the southern edge of the Sinjar region. But reconstruction and returns to the area have also been hampered by the intra-Kurdish rivalry and hundreds of thousands of Yazidis still live in displacement camps, unable or unwilling to return to their homes.
“The tensions between the KDP and the PKK is the main reason people aren’t moving back to their homes. They expect a fight, and if they fight there will be a war,” said Dakheel Ismail, a Yazidi who joined the peshmerga and is stationed on the front lines with ISIL in Sinjar.
Turkey regularly conducts air strikes against PKK bases in the Qandil mountains near the Turkish border.
Before Tuesday it had refrained from bombing the PKK or its YBS subsidiary in Sinjar, but had been anxiously watching the area becoming a transit hub between Qandil and the Kurdish enclave in northern Syria, from where the Syrian Democratic Forces is launching a campaign to take Raqqa.
foreign.desk@thenational.ae
* With additional reporting from Associated Press, Agence France-Presse and Reuters
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Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
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The specs: 2019 Haval H6
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Engine: 2.0-litre turbocharged four-cylinder
Transmission: Seven-speed automatic
Power: 197hp @ 5,500rpm
Torque: 315Nm @ 2,000rpm
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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.
“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.”
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Most smart home devices are controlled via the owner's smartphone. Therefore, if you are using public wi-fi on your phone, always use a VPN (virtual private network) that offers strong security features and anonymises your internet connection.
Keep your smart home devices’ software up-to-date. Device makers often send regular updates - follow them without fail as they could provide protection from a new security risk.
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Always give your router a unique name, replacing the one generated by the manufacturer, to ensure a hacker cannot ascertain its make or model number.
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