KABUL // The UN Security Council has dropped sanctions against Afghan warlord Gulbuddin Hekmatyar, paving the way for him to return openly to Afghanistan.
The Afghan government requested the move as part of a peace deal with Mr Hekmatyar and his militant group, Hezb-i-Islami, in September.
The deal was criticised by some Afghans and human rights groups for the pardon it granted to Mr Hekmatyar and many of his fighters.
While playing only a small role in the current insurgency in Afghanistan, Mr Hekmatyar was a major figure during the bloody civil war of the 1990s, when he was accused of indiscriminately firing rockets into Kabul, as well as other human-rights abuses.
The Afghan government welcomed the UN’s decision on Friday as a “a major step toward peace and stability in Afghanistan”.
“This was a demand of the people and government of Afghanistan,” said Mohammad Akram Khpalwak, a political adviser to president Ashraf Ghani.
“It is a major step for the peace process between Hezb-i-Islami and the government of Afghanistan.”
In removing Mr Hekmatyar from the list of people sanctioned for their ties to Al Qaeda, ISIL, and other militant groups, the UN unfroze his assets, and dropped a travel ban and arms embargo against him.
Mr Hekmatyar’s whereabouts have been unknown since he signed the peace deal with Mr Ghani in September via a video conference from an undisclosed location.
With the UN sanctions now removed, government officials expect Mr Hekmatyar to eventually return to the Afghan capital, despite the continued controversy.
Many foreign governments, including the United States, praised the accord at the time as a step toward wider peace in Afghanistan.
Diplomatic sources said Russia was the only Security Council member to oppose the lifting of sanctions. France was initially reluctant because of Hezb-i-Islami’s involvement in an ambush that cost the lives of 10 French soldiers in August 2008, but later changed its mind.
“It is an important point of the peace agreement between Hezb-i-Islami and the Afghan government,” said Mr Hekmatyar’s chief negotiator, Amin Karim.
“And it shows the commitment from the government and from the Hezb-i-Islami to pursue on this peace track,” Karim said.
It would also “open the door” and stimulate the peace process and would send a “strong signal to other fighters” in the country, he said in reference to the Taliban.
Mr Hekmatyar is seen as a potential rival to Mr Ghani and chief executive Abdullah Abdullah, who have governed the country through a shaky, US-brokered power-sharing agreement since disputed presidential elections in 2014. His return could stir up new political uncertainty as the government struggles to confront a reinvigorated Taliban that has been advancing on several fronts.
The warlord battled the Soviets in the 1980s and then took part in the civil war that erupted after their withdrawal, clashing with the so-called Northern Alliance. He was driven out when the Taliban seized power in 1996, but returned after the American invasion, vowing to resist what he termed the foreign “occupation”.
His forces were largely confined to just two provinces, however, and have carried out few attacks in recent years. He is believed to be in hiding somewhere in the eastern Kunar province, where he enjoys popular support, and makes occasional trips into Pakistan through the nearby border.
* Agencies
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THE BIO
BIO:
Born in RAK on December 9, 1983
Lives in Abu Dhabi with her family
She graduated from Emirates University in 2007 with a BA in architectural engineering
Her motto in life is her grandmother’s saying “That who created you will not have you get lost”
Her ambition is to spread UAE’s culture of love and acceptance through serving coffee, the country’s traditional coffee in particular.
How to play the stock market recovery in 2021?
If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.
Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.
Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.
Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).
Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal.
Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.
By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.
As demand for energy fell, the oil and gas industry had a tough year, too.
Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.
He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.”
This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”
Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.
Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures