Western Libyan forces prepare attack on ISIL stronghold



MISRATA, Libya // Forces in western Libya are preparing to advance on the city of Sirte which was seized by ISIL last year.

Libyan forces were pushing ahead with plans for a counter-attack after the extremists made territorial gains in the last week, according to Brig Gen Mohamed Al Gasri, spokesman for a newly formed military operations room in Misrata.

The fighters based in the city of Misrata would like international logistical support to help retake what has become ISIL’s most important base outside Syria and Iraq, he said, but will not wait for it before launching the operation.

“We are ready and we are preparing our security arrangements to attack Sirte,” said Brig Gen Al Gasri.

The operations room was set up by a UN-backed unity government that arrived in Tripoli at the end of March.

European powers and the United States hope the unity government will be able to unite Libya’s rival political groups and armed factions to take on ISIL, though it is unclear how far its authority extends on the ground.

Misrata’s brigades have largely transferred their support to the unity government from a self-declared government formed in Tripoli in 2014.

But the new government has struggled to win support from another administration based in the east and the military forces allied to it. They have also said they would move against Sirte, though past announcements have come to nothing.

Last month the unity government urged both sides to hold off attacking Sirte before a unified command is created, fearing an uncoordinated offensive could lead to civil war.

“We need logistical support from the international community, and we need weapons and ammunition,” Brig Gen Al Gasri said. “Whether they’re going to support us or not, we will be there soon. We will not stand and watch.”

ISIL took advantage of the political turmoil and security vacuum after the uprising that overthrew Muammar Qaddafi five years ago to build a power base in Libya.

The Misrata brigades were present in Sirte as ISIL began to establish control, but withdrew last summer.

Though it has struggled to win support and hold territory in parts of Libya, ISIL still controls a strip of more than 250 km of Libya’s central coastline, from which it has launched attacks to the east, west and south.

Over the last week it has made gains, carrying out suicide attacks in the sparsely populated area between Sirte and Misrata, including at a major checkpoint at Abu Grain.

Brig Gen Al Gasri confirmed that the extremist group took several villages in the area and that the line of defence was now at Assdada, about 80 km south of Misrata. The militants have dug trenches and planted mines around the Abu Grain checkpoint, he said.

Thirteen members of the security forces were killed and 110 wounded in last week’s fighting, he said.

Wounded fighters at a hospital in Misrata said suicide bombers had attacked in armoured vehicles, one of which approached a checkpoint behind cars carrying families fleeing Sirte.

Misrata brigade members fought to defend the Abu Grain checkpoint for nearly an hour but were forced to withdraw as they were outnumbered, one said.

The eastern military has made some advances against its armed opponents, including fighters loyal to ISIL, in Benghazi – Libya’s second city.

Late on Monday, ISIL said it had executed three men captured during fighting in Benghazi last month.

A hospital spokesman in Benghazi said two of those killed - including one who was beheaded - were volunteer nurses who had been helping treat wounded troops.

* Reuters

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UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

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Top 10 locations for inquiries from US house hunters, according to Rightmove

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Champions League quarter-final, first leg

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Matches can be watched on BeIN Sports

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Last 10 winners of African Footballer of the Year

2006: Didier Drogba (Chelsea and Ivory Coast)
2007: Frederic Kanoute (Sevilla and Mali)
2008: Emmanuel Adebayor (Arsenal and Togo)
2009: Didier Drogba (Chelsea and Ivory Coast)
2010: Samuel Eto’o (Inter Milan and Cameroon)
2011: Yaya Toure (Manchester City and Ivory Coast)
2012: Yaya Toure (Manchester City and Ivory Coast)
2013: Yaya Toure (Manchester City and Ivory Coast)
2014: Yaya Toure (Manchester City and Ivory Coast)
2015: Pierre-Emerick Aubameyang (Borussia Dortmund and Gabon)
2016: Riyad Mahrez (Leicester City and Algeria)

 

 

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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.”

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Lexus LX700h specs

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How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.