The UK’s rescue mission in Kabul is entering its final phase as troops prepare to remove Britain's military presence by August 31.
Ministers have indicated the civilian rescue will have to wrap up before then so the armed forces can withdraw troops and equipment.
European leaders failed to persuade US President Joe Biden to extend the deadline during an emergency G7 summit on Tuesday.
UK Prime Minister Boris Johnson said 10,291 people have been flown out of Kabul since August 13, more than half of them Afghans and their families.
Diplomatic staff are processing visas for Afghans entitled to travel to Britain after working for Nato troops.
Some of the people who are yet to leave Kabul are families whose rights to travel to Britain are unclear, said Foreign Secretary Dominic Raab.
“What remains are rather complex cases, large family units where one or other [person] may be documented or may be clearly a national, but it’s not clear whether the rest of them are,” he told Sky News.
Nato troops have been securing the airport since the Taliban took control of Kabul, where chaos has broken out as people try to flee. But there is no prospect of UK troops staying without the US.
Mr Biden said there was a risk of Taliban co-operation breaking down if the evacuations drag on.
He raised the threat of attacks by an ISIS affiliate in Afghanistan known as ISIS-K, which he said was seeking to target the airport and Nato troops.
The Taliban described the deadline as a red line and told of consequences for Nato countries if they did not withdraw by then.
Mr Raab said the UK military was drawing up plans for when evacuations would have to end so troops can leave by August 31.
“We’ll work to the end of August, but we’ll take back from that the time that we need to withdraw our military operation,” he said.
“The military planners are firming that up. We want to make sure we use every last hour and day to keep this rate up.”
Western leaders are urging the Taliban to allow civilian flights out of Kabul after the deadline.
Johnson's cash offer
Although they have not formally recognised the Taliban, Nato governments are holding operational contacts with them while evacuations take place.
Mr Johnson said G7 countries would use their political and economic leverage to keep the Taliban to its promises.
He suggested Afghan money frozen in foreign accounts could be released if the Taliban meets the G7’s demands.
These include preventing terrorists from using Afghanistan as a safe haven and ensuring the rights of women and girls.
Mr Johnson said the “number one condition” was to ensure safe passage for people leaving Afghanistan, including after August 31.
“If those huge funds are going to be unfrozen eventually for use by the government and the people of Afghanistan, then what we’re saying is Afghanistan can’t lurch back into becoming a breeding ground of terror, Afghanistan can’t become a narco-state, girls have got to be educated up to the age of 18, and so on,” he said.
“We want to help with the humanitarian crisis, the difficulties that people in Afghanistan and people fleeing Afghanistan are going to experience. But when it comes to engaging with the Taliban… the G7 has huge leverage.”
AS IT STANDS IN POOL A
1. Japan - Played 3, Won 3, Points 14
2. Ireland - Played 3, Won 2, Lost 1, Points 11
3. Scotland - Played 2, Won 1, Lost 1, Points 5
Remaining fixtures
Scotland v Russia – Wednesday, 11.15am
Ireland v Samoa – Saturday, 2.45pm
Japan v Scotland – Sunday, 2.45pm
The Year Earth Changed
Directed by:Tom Beard
Narrated by: Sir David Attenborough
Stars: 4
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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.”
Farage on Muslim Brotherhood
Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar