Afghan security officials stand guard at a checkpoint in Herat, Afghanistan. The Taliban are making gains in the country. EPA
Afghan security officials stand guard at a checkpoint in Herat, Afghanistan. The Taliban are making gains in the country. EPA
Afghan security officials stand guard at a checkpoint in Herat, Afghanistan. The Taliban are making gains in the country. EPA
Afghan security officials stand guard at a checkpoint in Herat, Afghanistan. The Taliban are making gains in the country. EPA

UK minister will personally review Afghan interpreters’ settlement claims


Tim Stickings
  • English
  • Arabic

UK Defence Secretary Ben Wallace will personally consider claims by Afghan interpreters who want to settle in Britain after helping its troops fight the Taliban.

Mr Wallace sought to reassure civilians in Afghanistan amid mounting pressure on Nato members to protect their staff in the country from reprisals.

He said the admissions process had been streamlined to help as many people as possible but that checks were needed to confirm identities.

Afghans who quit their roles with the British military or were dismissed for minor offences may still apply.

“Our scheme is open-ended and will not end when we leave. I will personally review contentious claims as Defence Secretary,” Mr Wallace said.

“Decisions are based on the threat to the civilians’ life, their eligibility and the security of UK citizens.”

About 3,000 interpreters and their families are being resettled in the UK but critics say thousands more should be eligible for the initiative.

A group of former British officers wrote to Prime Minister Boris Johnson saying that only those who constituted a national security threat should be excluded.

Last week, the US took in its first batch of Afghan citizens at a base in Virginia, and Germany said it would offer more financial help to stranded civilians.

Britain is following Washington’s lead by withdrawing the last of its troops from Afghanistan this year after a 20-year campaign.

One Afghan interpreter who spoke to the BBC's Today programme on Tuesday said he had changed address three times as the Taliban had gained ground.

“My own house, which I left yesterday, it has been captured by the Taliban and they are living there, and they were asking for me,” he said.

“They are looking house to house to find the people who worked for Nato.”

The Nato withdrawal has raised fears that the Taliban will swiftly retake power in Afghanistan, triggering a humanitarian crisis.

British military chiefs who spoke to The National raised concerns that terrorist groups could flourish in Afghanistan as Al Qaeda did before 9/11.

The UK sent more than 150,000 military personnel to Afghanistan, of whom 454 were killed.

THE BIO

Favourite author - Paulo Coelho 

Favourite holiday destination - Cuba 

New York Times or Jordan Times? NYT is a school and JT was my practice field

Role model - My Grandfather 

Dream interviewee - Che Guevara

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Dubai World Cup factbox

Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)

Most wins by a jockey: Jerry Bailey(4)

Most wins by an owner: Godolphin(9)

Most wins by a horse: Godolphin’s Thunder Snow(2)

Heather, the Totality
Matthew Weiner,
Canongate 

Unresolved crisis

Russia and Ukraine have been locked in a bitter conflict since 2014, when Ukraine’s Kremlin-friendly president was ousted, Moscow annexed Crimea and then backed a separatist insurgency in the east.

Fighting between the Russia-backed rebels and Ukrainian forces has killed more than 14,000 people. In 2015, France and Germany helped broker a peace deal, known as the Minsk agreements, that ended large-scale hostilities but failed to bring a political settlement of the conflict.

The Kremlin has repeatedly accused Kiev of sabotaging the deal, and Ukrainian officials in recent weeks said that implementing it in full would hurt Ukraine.

UAE currency: the story behind the money in your pockets
Key features of new policy

Pupils to learn coding and other vocational skills from Grade 6

Exams to test critical thinking and application of knowledge

A new National Assessment Centre, PARAKH (Performance, Assessment, Review and Analysis for Holistic Development) will form the standard for schools

Schools to implement online system to encouraging transparency and accountability

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.”

Updated: August 03, 2021, 11:57 AM