Britain's Chief of Defence Staff, Gen Nick Carter, said military intelligence had indicated a potential Afghan government collapse. Getty
Britain's Chief of Defence Staff, Gen Nick Carter, said military intelligence had indicated a potential Afghan government collapse. Getty
Britain's Chief of Defence Staff, Gen Nick Carter, said military intelligence had indicated a potential Afghan government collapse. Getty
Britain's Chief of Defence Staff, Gen Nick Carter, said military intelligence had indicated a potential Afghan government collapse. Getty

UK military chief: Everyone got it wrong over Taliban takeover


Paul Peachey
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The head of the UK armed forces has admitted that everybody including the Taliban got it wrong about how quickly the group would take over Kabul.

Gen Nick Carter said intelligence assessments had suggested that the capital would fall this year despite claims by Foreign Secretary Dominic Raab that briefings indicated this was unlikely.

Prime Minister Boris Johnson and Mr Raab, who was on holiday in Greece when the Taliban toppled Kabul, have face criticism for their handling of the situation and the failure to fly hundreds of vulnerable Afghans out of the country.

Mr Raab has spoken of intelligence shortcomings and told MPs last week that the “central assessment” was a “steady deterioration” after US troops left the country in August.

Gen Carter, the Chief of the Defence Staff, said intelligence suggested it was “entirely possible” that the Afghan government would not be able to hold out for long in the face of the Taliban advance.

“Many of the assessments suggested it wouldn't last the course of the year and, of course, that's proven to be correct,” he said.

He said that in July there were a number of scenarios and “one of them certainly would be a collapse and state fracture”.

“I think everybody got it wrong,” he told the BBC. “It was the pace of it that surprised us and I don't think we realised quite what the Taliban were up to."

“They weren't really fighting for the cities they eventually captured, they were negotiating for them, and I think you'll find a lot of money changed hands as they managed to buy off those who might have fought for them.”

He said the Taliban had not expected to take power so quickly as the US pulled its troops out of Afghanistan.

The rapid advance led to evacuation chaos. More than 8,000 former Afghan staff and their family members were among the 15,000-plus people flown to safety by the UK since August 13. But up to 1,100 people deemed eligible for help were left behind.

“At the moment they suffer from what we military call catastrophic success,” Gen Carter said. “They were not expecting to be in government as quickly as they have appeared and the reality is they are trying to find their feet.

“We need to wait to see how this happens and recognise that they're probably going to need a bit of help in order to run a modern state effectively and if they behave perhaps they will get some help.”

Abdul Jabar Qahraman was meeting supporters in his campaign office in the southern Afghan province of Helmand when a bomb hidden under a sofa exploded on Wednesday.

The blast in the provincial capital Lashkar Gah killed the Afghan election candidate and at least another three people, Interior Minister Wais Ahmad Barmak told reporters. Another three were wounded, while three suspects were detained, he said.

The Taliban – which controls much of Helmand and has vowed to disrupt the October 20 parliamentary elections – claimed responsibility for the attack.

Mr Qahraman was at least the 10th candidate killed so far during the campaign season, and the second from Lashkar Gah this month. Another candidate, Saleh Mohammad Asikzai, was among eight people killed in a suicide attack last week. Most of the slain candidates were murdered in targeted assassinations, including Avtar Singh Khalsa, the first Afghan Sikh to run for the lower house of the parliament.

The same week the Taliban warned candidates to withdraw from the elections. On Wednesday the group issued fresh warnings, calling on educational workers to stop schools from being used as polling centres.

Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

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Usain Bolt's time for the 100m at major championships

2008 Beijing Olympics 9.69 seconds

2009 Berlin World Championships 9.58

2011 Daegu World Championships Disqualified

2012 London Olympics 9.63

2013 Moscow World Championships 9.77

2015 Beijing World Championships 9.79

2016 Rio Olympics 9.81

2017 London World Championships 9.95

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: September 05, 2021, 1:31 PM