On September 22, 1980, following a formal declaration of war, Iraqi forces poured over the border of Iran at to start a conflict that in next eight years would claim at least half a million lives.
No country has declared war on another since that date. Yet this does not mean that the world has been at peace for the past 24 years.
Rather, war has taken on a new dimension. As Pope Francis visited the graves of 15,000 soldiers who died in the First World War this weekend, he warned of: “Another world war. Perhaps one can speak of a third war; one fought piecemeal, with crimes, massacres, destruction.”
This image is a far cry from the conventional fears of a Third World War; one waged with nuclear weapons that would leave billions dead and render the Earth all but inhabitable.
But given the scope and scale of conflict in 2014, does the pontiff have a point? Men, women and children, soldiers and civilians are dying today in conflicts that cover every continent and both hemispheres.
Are these wars? The concept is increasingly hard to define. Britain has not declared war on another country since Thailand in 1942, yet has fought numerous battles, from Suez to the Falkland Islands. The United States last formally declared war on Romania, also in 1942, fighting Vietnam, Afghanistan and two Gulf Wars with nothing more than the authorisation of the Congress. Yet its soldiers continue to die, and to kill around the world.
Each year, the Heidelberg Institute for International Conflict Research (HIICR) produces a "conflict barometer" whose terms are defined from violent crisis to outright war.
Using this standard, the barometer released this year shows 13 wars worldwide last year, but 45 highly violent conflicts, including 25 that it categorised as “limited wars.”
The HIICR also categorises as wars the conflict with Islamists in Yemen and Egypt as on-going wars. Conflicts with Islamists accounted for the majority of wars last year, including Nigeria — with Boko Haram — Sudan, Mali, Pakistan and the Philippines, where Muslim separatists still fight for independence. Russia also continues to fight in the Caucasus, in violence that left 500 dead last year. The fighting in Ukraine, which has probably taken over 3,000 lives this year, did not take place in time for the 2014 study.
Of the 25 limited wars, the HIICR identified clashes in Kashmir involving India, waring opposition groups in Libya and Turkey’s battles with Kurdish separatists.
In the Americas, conflict was fuelled by drugs, with Mexico identified as a country effectively in a full-scale war with the drug cartels that is costing tens of thousands of lives each year.
According to a similar "conflict encyclopaedia" prepared by Sweden's Uppsala University, there were 33 conflicts in the world last year.
The bloodiest of these, says the study, was Syria, which accounted for two out of three people dying in battle. It includes the United States as a country in conflict because of its war with Al Qaeda and now ISIL
For the first time, though, the university did not attempt to publish worldwide casualty figures, saying there was not enough reliable information to do so.
How many have died in this undeclared third world war is hard to quantify. Syria tops the list, followed by Mexico, ethnic violence in South Sudan and the continuing Iraqi insurgency. These four may have accounted for at least 100,000 deaths in 2013 and over 40,000 this year.
Smaller conflicts have the potential to flare up at any time. Violence in the Gaza Strip cost less than 50 lives in 2013. This year the toll is well over 2,000. These smaller wars collectively take perhaps another 20,000 lives a year.
The “conflict barometer” also identifies “violent crises”, which it says have the potential to become wars. Nine of these became limited wars in 2013, it says, including the eventually defeat of the rebel group M23 in the Democratic Republic of Congo, while fighting in the Central African Republic was reclassified as a full-scale war.
Peace can be as hard to determine as war. Uppsala University’s conflict encyclopaedia identified nine peace agreements that were signed in 2013, a rise of two on the previous year, what the university calls an “optimistic” pattern of “cooperation in some conflicts.”
plangton@thenational.ae
HAJJAN
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THE DETAILS
Solo: A Star Wars Story
Dir: Ron Howard
Starring: Alden Ehrenreich, Emilia Clarke, Woody Harrelson
3/5
Overview
What: The Arab Women’s Sports Tournament is a biennial multisport event exclusively for Arab women athletes.
When: From Sunday, February 2, to Wednesday, February 12.
Where: At 13 different centres across Sharjah.
Disciplines: Athletics, archery, basketball, fencing, Karate, table tennis, shooting (rifle and pistol), show jumping and volleyball.
Participating countries: Algeria, Bahrain, Comoros, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Saudi Arabia, Sudan, Syria, Tunisia, Qatar and UAE.
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.”
Match info:
Leicester City 1
Ghezzal (63')
Liverpool 2
Mane (10'), Firmino (45')
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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UAE currency: the story behind the money in your pockets
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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