Twenty extremist groups are entrenched in Taliban-controlled Afghanistan with eyes on targets abroad, a security expert has said.
In a chilling warning to the international community, Arian Sharifi suggested the landlocked country has become a breeding ground for terrorists looking to establish or re-establish themselves.
It has been 17 months since the Taliban entered Afghanistan’s capital Kabul and took control of the country. They have since implemented policies reminiscent of their brutal rule in the late 1990s, including banning woman from studying at universities and working for aid groups.
After storming back into power, the Taliban promised the West it would not allow the country to serve as a platform for terrorists amid fears foreign groups could use it as a springboard to launch attacks elsewhere.
But Dr Sharifi, a lecturer and associate research scholar at Princeton University in New Jersey, said the landscape today suggests the rulers have failed to live up to their commitment.
He said the task for international leaders now is to decide if they can accept and deal with a Taliban-run government.
“What is really missing and the policy on the part of the international community towards the Taliban is the clarity of policy over whether the world can actually accept and live with a Taliban-run government in Afghanistan,” he told a panel discussion hosted by the Royal United Services Institute in London.
“Can they really accept the potential consequences both to Afghanistan and the region and beyond from a Taliban-run Afghanistan?”
Dr Sharifi outlined two areas which he said should be causes for concern for countries around the globe.
“I did some research and I pinpointed 20 foreign terrorist and violent extremist groups currently in operation in Afghanistan.
“These groups have objectives beyond Afghanistan, not in Afghanistan. So it's only a matter of time to see potentially some [evidence] of that terrorism in the region and beyond.”
He said the presence of such groups in the county also risks serving as inspiration for like-minded organisations in other parts of the world who may be plotting attacks of their own.
Some extremists may even “pick up the trail that was left by Al Qaeda” to wage vicious campaigns to forward their agendas, the security expert noted.
Islamic State Khorasan Province (ISIS-K) has already claimed responsibility for numerous attacks in Afghanistan since the Taliban seized control.
The Haqqani Network, responsible for some of the most high-profile attacks on western interests during the Afghan war, is also growing in influence.
Pakistan's fight against the Taliban — in pictures
Secondly, he said world leaders must admit that the main markets for Afghanistan-grown drugs which the Taliban is profiting from are western European nations and North America.
“Can the world really accept that?” he questioned. “Can the world really let the Taliban produce and procure this amount of drugs and send it to their capitals, into their main cities?
The population of 14 million people has been “taken captive” by the Taliban, which is estimated to have about 70,000 members, he said.
“How long can this really continue the way they are dealing with women, the way they're dealing with minorities, the way they're running the country? There is literally no resemblance of a government and what the Taliban are doing.
“So in my view, at the very top strategic level, the world needs to decide what they're going to do with the Taliban.”
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.”
GRAN%20TURISMO
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TO ALL THE BOYS: ALWAYS AND FOREVER
Directed by: Michael Fimognari
Starring: Lana Condor and Noah Centineo
Two stars
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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THE 12 BREAKAWAY CLUBS
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
COMPANY%20PROFILE%20
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
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Price: From Dh126,000
Available: Now
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5