Civilians run from the scene of an explosion in Maka al Mukaram road in Mogadishu, Somalia, July 30, 2017 - the day on which the US military said it killed Ali Mohamed Hussein,  a senior Al Shabab commander in a drone air strike. Feisal Omar / Reuters
Civilians run from the scene of an explosion in Maka al Mukaram road in Mogadishu, Somalia, July 30, 2017 - the day on which the US military said it killed Ali Mohamed Hussein, a senior Al Shabab comShow more

US confirms airstrike killed Al Shabab commander in Somalia



The US military on Friday confirmed it killed a high-level commander of the Al Shabab extremist group with an airstrike in Somalia, targeting a man blamed for planning deadly attacks in the Somali capital.

A statement from US Africa Command said the strike on July 30 killed Ali Mohamed Hussein, also known as Ali Jabal. The statement said he was "was responsible for leading Al Shabab forces operating in the Mogadishu and Banadiir regions  and in planning and executing attacks against the capital of Mogadishu."

Hours after the announcement, at least two people were killed in an apparent car bomb blast on a major street in Somalia's capital. The exact target was not clear and there was no immediate claim of responsibility.

The US statement said Ali also had served as Al Shabab's shadow governor for Mogadishu and had been one of the group's most outspoken officials.

He was killed by a drone strike near Tortoroow, an Al Shabab stronghold in Lower Shabelle region in southern Somalia "as a direct response to Al Shabab actions, including recent attacks on Somali forces." It said no civilians were killed in the strike.

President Donald Trump earlier this year approved expanded military operations against Al Shabab, which is linked to Al Qaeda and is the deadliest extremist group in Africa.The expanded measures include  more aggressive airstrikes and treating parts of southern Somalia as areas of active hostilities.

Al Shabab often carries out deadly attacks on high-profile targets in Mogadishu, including Somali military and African Union checkpoints and facilities, hotels and the area around the presidential palace.

The killing of Ali "disrupts Al Shabab's ability to plan and conduct attacks in Mogadishu and coordinate efforts between Al Shabab regional commanders," said US Africa Command.

The US has carried out a handful of airstrikes since President Trump's expansion of military efforts. In early July  it carried out an airstrike against Al Shabab in Somalia but gave few details. That airstrike followed one in June that the US said killed eight extremists at a rebel command and logistics camp in the south.

The Somalia-based extremists recently mocked Mr Trump in a video that called him a "brainless billionaire." They have also vowed to step up attacks in Somalia after the president elected in February declared a new offensive against Al Shabab.

The extremist group has also carried out deadly attacks in neighbouring countries, notably Kenya, calling it retribution for Kenyan troops being sent to Somalia to fight against Al Shabab.

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.”

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

2018 ICC World Twenty20 Asian Western Sub Regional Qualifier

Event info: The tournament in Kuwait this month is the first phase of the qualifying process for sides from Asia for the 2020 World T20 in Australia. The UAE must finish within the top three teams out of the six at the competition to advance to the Asia regional finals. Success at regional finals would mean progression to the World T20 Qualifier.

UAE’s fixtures: Fri Apr 20, UAE v Qatar; Sat Apr 21, UAE v Saudi Arabia; Mon Apr 23, UAE v Bahrain; Tue Apr 24, UAE v Maldives; Thu Apr 26, UAE v Kuwait

World T20 2020 Qualifying process:

  • Sixteen teams will play at the World T20 in two years’ time.
  • Australia have already qualified as hosts
  • Nine places are available to the top nine ranked sides in the ICC’s T20i standings, not including Australia, on Dec 31, 2018.
  • The final six teams will be decided by a 14-team World T20 Qualifier.

World T20 standings: 1 Pakistan; 2 Australia; 3 India; 4 New Zealand; 5 England; 6 South Africa; 7 West Indies; 8 Sri Lanka; 9 Afghanistan; 10 Bangladesh; 11 Scotland; 12 Zimbabwe; 13 UAE; 14 Netherlands; 15 Hong Kong; 16 Papua New Guinea; 17 Oman; 18 Ireland

MATCH DETAILS

Manchester United 3

Greenwood (21), Martial (33), Rashford (49)

Partizan Belgrade 0

UAE's role in anti-extremism recognised

General John Allen, President of the Brookings Institution research group, commended the role the UAE has played in the fight against terrorism and violent extremism.

He told a Globsec debate of the UAE’s "hugely outsized" role in the fight against Isis.

"It’s trite these days to say that any country punches above its weight, but in every possible way the Emirates did, both militarily, and very importantly, the UAE was extraordinarily helpful on getting to the issue of violent extremism," he said.

He also noted the impact that Hedayah, among others in the UAE, has played in addressing violent extremism.

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Married Malala

Malala Yousafzai is enjoying married life, her father said.

The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.

Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.

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Terminator: Dark Fate

Director: Tim Miller

Starring: Arnold Schwarzenegger, Linda Hamilton, Mackenzie Davis 

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Engine: 5.0-litre V8

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Type 1 diabetes is a genetic and unavoidable condition, rather than the lifestyle-related type 2 diabetes.

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Day 5, Dubai Test: At a glance

Moment of the day Given the problems Sri Lanka have had in recent times, it was apt the winning catch was taken by Dinesh Chandimal. He is one of seven different captains Sri Lanka have had in just the past two years. He leads in understated fashion, but by example. His century in the first innings of this series set the shock win in motion.

Stat of the day This was the ninth Test Pakistan have lost in their past 11 matches, a run that started when they lost the final match of their three-Test series against West Indies in Sharjah last year. They have not drawn a match in almost two years and 19 matches, since they were held by England at the Zayed Cricket Stadium in Abu Dhabi in 2015.

The verdict Mickey Arthur basically acknowledged he had erred by basing Pakistan’s gameplan around three seam bowlers and asking for pitches with plenty of grass in Abu Dhabi and Sharjah. Why would Pakistan want to change the method that has treated them so well on these grounds in the past 10 years? It is unlikely Misbah-ul-Haq would have made the same mistake.