Russia's seizure of Mariupol would enable it to go on to create a “land bridge” from eastern Ukraine to Crimea, a senior US defence official said on Tuesday.
But the official said Moscow had not yet won full control of the battered city and that Mariupol remained “contested” despite an intense Russian bombardment for the last six weeks.
On Tuesday, Russia’s Defence Ministry set an almost immediate deadline for Ukrainian soldiers in the city to surrender. But so far the Pentagon has seen no signs of capitulation, the official said.
“We believe the Russians want [Mariupol] for a number of reasons, One is giving them an unencumbered land bridge from the Donbas to Crimea,” the official said.
Russia annexed Ukraine's Crimea region in 2014. A Russian-controlled passage south-west along the Sea of Azov coast from Mariupol to Crimea would also provide Moscow with greater flexibility in its Donbas offensive, the Pentagon said.
Moscow heavily outnumbers Ukrainian forces in Mariupol and across the broader Donbas region, and Ukrainian President Volodymyr Zelenskyy is pleading with the West for more weapons to counter the invaders.
But the defence official said the fall of Mariupol and Russia's capture of the Donbas region were not foregone conclusions.
“We don't see it that way, and we're doing everything we can to make sure that it's not inevitable,” the official said.
The official did not deny Ukrainian and Russian claims that Moscow has begun its offensive in eastern Ukraine, but said operations so far were “limited” in nature.
“We think that this is a prelude of larger offensive operations that are potentially still in the offing here,” the official said.
The Pentagon also said Ukraine's military had received additional aircraft as well parts for repairs to get damaged aircraft flying again, but retracted the claim on Wednesday after the Ukrainian air force said it had not received any additional planes.
Ukraine has defied expectations of allies and military experts by not only keeping its air force operational nearly two months after the start of Russia's invasion but actually repairing aircraft and, apparently, adding to its inventory.
The Pentagon estimates Russia has launched more than 1,670 missiles into Ukraine and has 78 battalion tactical groups in the country, with two added in the last 24 hours.
Regarding US plans to defend Finland against Russian aggression if it joins Nato, the official said: “We do not see an active threat right now to Finland and there's been no request by Finland for any outside support for their defence.”
Last week, former Russian prime minister and deputy chairman of Russia's Security Council, Dmitry Medvedev, gave a warning to Nato that if Sweden and Finland were to join the alliance, Russia would deploy nuclear weapons and hypersonic missiles in the Baltic Sea.
“There can be no more talk of any nuclear-free status for the Baltic,” Mr Medvedev said.
The official said the Pentagon could not independently verify claims that the Ukrainian town of Kreminna had fallen to the Russians.
The official said US deliveries of howitzer artillery systems to Ukraine were now being “prioritised” and “you will begin to see them arrive in the region very, very soon”.
This story was updated on April 20 to reflect Pentagon correction.
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Uefa Champions League semi-finals, second leg:
Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE
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Maestro
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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.”
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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Fixture and table
UAE finals day: Friday, April 13 at Rugby Park, Dubai Sports City
- 3pm, UAE Conference: Dubai Tigers v Sharjah Wanderers
- 6.30pm, UAE Premiership: Dubai Exiles v Abu Dhabi Harlequins
UAE Premiership – final standings
- Dubai Exiles
- Abu Dhabi Harlequins
- Jebel Ali Dragons
- Dubai Hurricanes
- Dubai Sports City Eagles
- Abu Dhabi Saracens
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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
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Notable salonnières of the Middle East through history
Al Khasan (Okaz, Saudi Arabia)
Tamadir bint Amr Al Harith, known simply as Al Khasan, was a poet from Najd famed for elegies, earning great renown for the eulogy of her brothers Mu’awiyah and Sakhr, both killed in tribal wars. Although not a salonnière, this prestigious 7th century poet fostered a culture of literary criticism and could be found standing in the souq of Okaz and reciting her poetry, publicly pronouncing her views and inviting others to join in the debate on scholarship. She later converted to Islam.
Maryana Marrash (Aleppo)
A poet and writer, Marrash helped revive the tradition of the salon and was an active part of the Nadha movement, or Arab Renaissance. Born to an established family in Aleppo in Ottoman Syria in 1848, Marrash was educated at missionary schools in Aleppo and Beirut at a time when many women did not receive an education. After touring Europe, she began to host salons where writers played chess and cards, competed in the art of poetry, and discussed literature and politics. An accomplished singer and canon player, music and dancing were a part of these evenings.
Princess Nazil Fadil (Cairo)
Princess Nazil Fadil gathered religious, literary and political elite together at her Cairo palace, although she stopped short of inviting women. The princess, a niece of Khedive Ismail, believed that Egypt’s situation could only be solved through education and she donated her own property to help fund the first modern Egyptian University in Cairo.
Mayy Ziyadah (Cairo)
Ziyadah was the first to entertain both men and women at her Cairo salon, founded in 1913. The writer, poet, public speaker and critic, her writing explored language, religious identity, language, nationalism and hierarchy. Born in Nazareth, Palestine, to a Lebanese father and Palestinian mother, her salon was open to different social classes and earned comparisons with souq of where Al Khansa herself once recited.
Read more from Aya Iskandarani
The five pillars of Islam