A Moscow skyscraper was hit by a drone for the second time in a week, as Russia claimed to have repelled an overnight attack on its patrol boats in the Black Sea.
Russia’s Defence Ministry said its air defences shot down two Ukrainian drones over the Moscow region early on Tuesday and jammed a third, which crashed into the same office tower in Moscow’s commercial district that was hit two days ago.
No one was injured, but the drone damaged several square meters of the building's glass facade high above the ground on a floor occupied by the Ministry of Economic Development.
“On the night of August 1, an attempted terrorist attack by the Kyiv regime with lethal drones on targets in Moscow and Moscow region was thwarted,” the Defence Ministry said on the Telegram messaging app.
Two drones were shot down in suburbs west of the city centre, it said.
“Yet another (drone) was hit by radio-electronic equipment and, having run out of control, crashed on the territory of the complex of non-residential buildings at Moskva Citi,” the ministry said, referring to a business centre in the capital.
Russian authorities also briefly closed Vnukovo airport in south-western Moscow, although officials said regular operations had resumed.
The defence ministry said Ukrainian armed forces also “tried without success” to attack the Sergei Kotov and Vasily Bykov patrol boats of the Russian fleet in the Black Sea with drones.
“The three naval enemy drones were destroyed”, it said, adding that the boats were attacked 340 kilometres south-west of Sevastopol, the base of Russia's Black Sea fleet on the annexed Crimea peninsula.
Last week, Russia said it had repelled another drone attack on the Sergei Kotov.
Hostilities around the Black Sea have escalated after Russia pulled out of an agreement that had allowed safe export of Ukrainian grain.
Ukraine rarely comments on incidents that take place on Russian territory in its war against Moscow, now in its 17th month.
But this week, in an oblique reference to drone attacks, Ukrainian President Volodymyr Zelenskyy said the war “is returning to the territory of Russia – to its symbolic centres and military bases”.
Ukraine began its long-awaited counteroffensive in June but has made modest advances in the face of stiff resistance from Russian forces on the frontline.
Intense fighting continues to be focused in two sectors in southern Ukraine, according to British military intelligence.
“South of Orikhiv, the focus of Ukrainian assaults have been against Russia’s 58th Combined Arms Army (58 CAA),” the Ministry of Defence said in its daily intelligence update on Tuesday.
“58 CAA is highly likely struggling with battle fatigue and attrition in forward deployed regiments which have been in intense combat for over eight weeks.”
Elements of the 5th Combined Army are also believed to be under particular pressure, but across the south as a whole, common problems are “highly likely” to include shortage of artillery ammunition, a lack of reserves and problems securing the flanks of units in the defence, it said.
Valery Gerasimov, Chief of the General Staff of Russia's armed forces, visited troops in Ukraine's Zaporizhzhia region, inspecting a command centre, the Defence Ministry said on Tuesday.
A video showed him looking at a map, receiving briefings and climbing into a helicopter.
The general was for many months the target of savage criticism from Wagner mercenary leader Yevgeny Prigozhin and some Russian military bloggers over Russia's failings in the war.
After Wagner staged a brief mutiny against the defence establishment on June 24, there were questions as to whether Gen Gerasimov would keep his job. More than two weeks elapsed before he was seen again in public, on July 10.
Tuesday's statement and video seemed designed to show that he not only remains in his post but is engaged with troops on the front line.
The Zaporizhzhia region has seen some of the fiercest fighting of recent weeks, since Ukraine launched a counteroffensive in early June.
Sweet%20Tooth
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Company profile
Name: Tratok Portal
Founded: 2017
Based: UAE
Sector: Travel & tourism
Size: 36 employees
Funding: Privately funded
In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press
The%20specs
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Intercontinental Cup
Namibia v UAE Saturday Sep 16-Tuesday Sep 19
Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27
The major Hashd factions linked to Iran:
Badr Organisation: Seen as the most militarily capable faction in the Hashd. Iraqi Shiite exiles opposed to Saddam Hussein set up the group in Tehran in the early 1980s as the Badr Corps under the supervision of the Iran Revolutionary Guards Corps (IRGC). The militia exalts Iran’s Supreme Leader Ali Khamenei but intermittently cooperated with the US military.
Saraya Al Salam (Peace Brigade): Comprised of former members of the officially defunct Mahdi Army, a militia that was commanded by Iraqi cleric Moqtada Al Sadr and fought US and Iraqi government and other forces between 2004 and 2008. As part of a political overhaul aimed as casting Mr Al Sadr as a more nationalist and less sectarian figure, the cleric formed Saraya Al Salam in 2014. The group’s relations with Iran has been volatile.
Kataeb Hezbollah: The group, which is fighting on behalf of the Bashar Al Assad government in Syria, traces its origins to attacks on US forces in Iraq in 2004 and adopts a tough stance against Washington, calling the United States “the enemy of humanity”.
Asaeb Ahl Al Haq: An offshoot of the Mahdi Army active in Syria. Asaeb Ahl Al Haq’s leader Qais al Khazali was a student of Mr Al Moqtada’s late father Mohammed Sadeq Al Sadr, a prominent Shiite cleric who was killed during Saddam Hussein’s rule.
Harakat Hezbollah Al Nujaba: Formed in 2013 to fight alongside Mr Al Assad’s loyalists in Syria before joining the Hashd. The group is seen as among the most ideological and sectarian-driven Hashd militias in Syria and is the major recruiter of foreign fighters to Syria.
Saraya Al Khorasani: The ICRG formed Saraya Al Khorasani in the mid-1990s and the group is seen as the most ideologically attached to Iran among Tehran’s satellites in Iraq.
(Source: The Wilson Centre, the International Centre for the Study of Radicalisation)
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
THE%20SPECS
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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.”
Boston%20Strangler
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What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
COMPANY PROFILE
Company name: Blah
Started: 2018
Founder: Aliyah Al Abbar and Hend Al Marri
Based: Dubai
Industry: Technology and talent management
Initial investment: Dh20,000
Investors: Self-funded
Total customers: 40
'Nope'
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