A man walks amid the rubble of destroyed buildings following a Syrian government air strike on the rebel-held town of Douma, on the eastern outskirts of the capital Damascus, on February 26, 2017. Abd Doumany / AFP
A man walks amid the rubble of destroyed buildings following a Syrian government air strike on the rebel-held town of Douma, on the eastern outskirts of the capital Damascus, on February 26, 2017. Abd Doumany / AFP
A man walks amid the rubble of destroyed buildings following a Syrian government air strike on the rebel-held town of Douma, on the eastern outskirts of the capital Damascus, on February 26, 2017. Abd Doumany / AFP
A man walks amid the rubble of destroyed buildings following a Syrian government air strike on the rebel-held town of Douma, on the eastern outskirts of the capital Damascus, on February 26, 2017. Abd

UN envoy outlines Syria peace talks plan as violence continues


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GENEVA // Syrian activists called on Sunday for the Assad government to engage in serious talks on political transition and for the United Nations to strengthen the fragile ceasefire as violence engulfed parts of the country.

The call came as UN mediator Staffan de Mistura told the delegations several more rounds of talks would be needed to reach an accord, and set out governance, constitution and elections as three key discussion areas.

In a paper given to both sides, he said that by the end of the current session “we would have a deeper shared understanding of how we can proceed in future rounds” in discussing each area.

Syrian regime and opposition negotiators gathered in Geneva last week for a fourth round of UN-sponsored talks, but they have been overshadowed by deadly attacks on the ground.

The talks could last until March 5, a couple of days longer than originally scheduled, according to an opposition source. The first full day of talks was Friday.

On Saturday, suicide attacks in Syria’s third city Homs killed dozens of people including a top Syrian intelligence officer. Mr de Mistura said the attacks were a deliberate attempt to wreck the peace talks, while the warring sides traded blame and appeared no closer to actual negotiations.

There have been no face-to-face talks between the two sides so far, with the UN envoy meeting each delegation separately as in the three previous rounds, the last of which was in April 2016.

“Our hopes are not high given the incidents on the ground and the continuous violations by the regime forces and its backers of the ceasefire,” said Mutasem Alysoufi of The Day after Syria campaign that supports democratic transition is calling for the UN to strengthen a ceasefire brokered by Russia and Turkey.

Warplanes bombed rebel-held areas around several Syrian cities on Sunday including in Al Waer district of Homs, and in towns around Damascus, the Syrian Observatory for Human Rights monitoring group said.

One person was killed in the Damascus suburb of Douma and three in Al Waer, the Observatory said, while shells and rockets were launched at rebel areas in Deraa and Idlib provinces. Rebels fired several shells at a suburb of government-held Aleppo.

Mr Alysoufi said he did not believe the government delegation, led by Syria’s UN ambassador Bashar Jaafari, wanted to engage in serious political talks. “They are gaining more time and continuing their military strategy on the ground,” he said.

Mr de Mistura met on Sunday with two opposition groups that curry favour with Russia, president Bashar Al Assad’s main backer.

The UN envoy has indicated to the High Negotiations Committee (HNC), which is leading the main opposition delegation, that he would like to unify the disparate opposition groups to facilitate face-to-face talks with the government to end the nearly six-year-old conflict.

Jihadi Makdissi, a former Syrian foreign ministry spokesman who heads opponents from the “Cairo” platform, gave no sign that a unified delegation could emerge, but said he was coordinating with the HNC.

“We are not a fragmented opposition, we are merely diverse,” he said.

According to Mr de Mistura’s paper, the agenda for the talks is based on resolution 2254 with focus on the three political issues and would be discussed in working groups.

Nothing would be agreed until everything is agreed, the paper said.

It also reiterated that issues related to the ceasefire and fighting terrorism should be the focus of separate talks in the Kazakh capital of Astana which are sponsored by Russia and Turkey with the support of another Assad backer, Iran.

Meanwhile, the Syrian army and its allies advanced against ISIL in north-west Syria and near the central town of Palmyra.

The extremist group was last week pushed out of the town of Al Bab by Turkey-backed Syrian rebels and on Sunday the Syrian army took the town of Tadef just south of Al Bab, state television reported.

The eastward advance in an area south of Al Bab has extended Syrian army control across 14 villages. By taking ISIL territory south of Al Bab, the army is preventing any possible move by Turkey and the rebel groups it supports to expand southward. Earlier this month, a senior Russian official said Tadef marked an agreed dividing line between the Syrian army and the Turkey-backed forces.

Syrian troops also moved to within 10km west of Palmyra, prized for its ancient Roman archaeological ruins. ISIL captured Palmyra a second time in December after being forced out by government forces in March.

* Reuters and Agence France-Presse

Company profile

Company name: Nestrom

Started: 2017

Co-founders: Yousef Wadi, Kanaan Manasrah and Shadi Shalabi

Based: Jordan

Sector: Technology

Initial investment: Close to $100,000

Investors: Propeller, 500 Startups, Wamda Capital, Agrimatico, Techstars and some angel investors

At a glance

- 20,000 new jobs for Emiratis over three years

- Dh300 million set aside to train 18,000 jobseekers in new skills

- Managerial jobs in government restricted to Emiratis

- Emiratis to get priority for 160 types of job in private sector

- Portion of VAT revenues will fund more graduate programmes

- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government

RESULTS

5pm: Wathba Stallions Cup Maiden (PA) Dh 70,000 (Dirt) 1,600m
Winner: Samau Xmnsor, Abdul Aziz Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Maiden (PA) Dh 70,000 (D) 1,600m
Winner: Ottoman, Szczepan Mazur, Abdallah Al Hammadi
6pm: Maiden (PA) Dh 70,000 (D) 1,800m
Winner: Sharkh, Patrick Cosgrave, Helal Al Alawi
6.30pm: Handicap (PA) Dh 85,000 (D) 1,800m
Winner: Yaraa, Fernando Jara, Majed Al Jahouri
7pm: Handicap (PA) Dh 70,000 (D) 2,000m
Winner: Maaly Al Reef, Bernardo Pinheiro, Abdallah Al Hammadi
7.30pm: Maiden (PA) Dh 70,000 (D) 1,000m
Winner: Jinjal, Fabrice Veron, Ahmed Al Shemaili
8pm: Handicap (PA) Dh 70,000 (D) 1,000m
Winner: Al Sail, Tadhg O’Shea, Ernst Oertel

Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business

 

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

UAE currency: the story behind the money in your pockets
Expert advice

“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”

Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles

“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”

Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre 

“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”

Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
 

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.”

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

MATCH INFO

Manchester City 1 Chelsea 0
De Bruyne (70')

Man of the Match: Kevin de Bruyne (Manchester City)

HEADLINE HERE
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World Cup final

Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region

UAE currency: the story behind the money in your pockets
Racecard

6.35pm: The Madjani Stakes – Group 2 (PA) Dh97,500 (Dirt) 1,900m 

7.10pm: Evidenza – Handicap (TB) Dh87,500 (D) 1,200m 

7.45pm: The Longines Conquest – Maiden (TB) Dh82,500 (D) 2,000m 

8.20: The Longines Elegant – Conditions (TB) Dh82,500 (D) 

8.35pm: The Dubai Creek Mile – Listed (TB) Dh132,500 (D) 1,600m 

9.30pm: Mirdif Stakes – Conditions (TB) Dh120,000 (D) 1,400m 

10.05pm: The Longines Record – Handicap (TB) Dh87,500 (D) 1,900m