A convoy of buses carrying ISIL fighters and their families stuck in Syrian government territory split into two on Sunday as they searched for a route to an ISIL-held city near the Syrian-Iraqi border.
The 17 buses, carrying about 600 people, began crossing Syria a week ago after ISIL fighters surrendered to Hizbollah and Syrian government troops in an area near the Lebanon border.
The convoy was halted on Wednesday near Al Sukhna, on the border of Homs and Deir Ezzor provinces, after the US military bombed roads between Al Sukhna and the city of Albu Kamal, the convoy's destination.
Both the US military and the Iraqi government have criticised the agreement that was struck with ISIL, saying the fighters were likely to move from Syria to Iraq. ISIL controls an area around Albu Kamal that straddles the Syrian-Iraqi border.
The US military has been monitoring the convoy, which also has an escort from Hizbollah, since it set off last Monday.
On Sunday, the convoy separated into two parts, with 11 remaining near Al Sukhna and the others travelling south toward the city of Palmyra.
It was not immediately clear why the convoy had split. Col Ryan Dillon, a spokesman for the US-led coalition fighting ISIL in Iraq and Syria, said both parts of the convoy were believed to hold a mix of fighters and civilians, and that for now, the US had stopped monitoring the part of the convoy that had moved south.
He denied accusations by Hizbollah that the US had prevented aid from reaching the buses.
“There have been deliveries and we have allowed that, but if there are armed fighters or elements moving toward the convoys, we would strike them,” Col Dillon said, adding that the US continued to monitor the part of the convoy that had remained near Al Sukhna and that the coalition continued to attack vehicles carrying ISIL fighters trying to reach the convoy.
“We are still watching the convoy in the north, and since the 29th of August we have struck about 85 ISIL fighters,” Col Dillon said. This agreement “was not something we were party to, not something that we were expecting, but it has been lucrative to the coalition to be able to strike so many ISIS vehicles”, he said.
Col Dillon said ISIL fighters trying to leave the convoy had also been targeted. “We have and we did strike elements who were separated and far enough away,” he said.
The surrender and negotiations followed eight days of fighting that trapped about 300 ISIL fighters between the Lebanese army and Hizbollah and Syrian government forces.
The negotiations led to the handing over of bodies of Hizbollah and Iranian fighters held by ISIL, as well as information about the location of the bodies of nine Lebanese soldiers who had been held by ISIL since 2014 and were presumably killed by the group. Those bodies have been exhumed by the Lebanese military and are undergoing DNA testing to verify their identities.
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Read more:
You don't beat ISIL by dumping them somewhere else, US tells Syria and Russia
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Hizbollah has criticised US interference in the deal.
“The US goal of blocking the convoy has no relation with confronting ISIL,” its media office said on Saturday, though it did not posit what the actual reason may have been.
In central Syria, government media and groups that monitor the conflict reported heavy clashes between government troops and ISIL in Hama province, where the group still maintains a presence near the country’s main highway that links Damascus and Aleppo.
The Syrian Observatory for Human Rights reported that more than 100 ISIL fighters and more than 30 Syrian government troops and militia had been killed in fighting near the city of Salamiyeh since Saturday morning.
One website that monitors ISIL media accounts also reported on Saturday that the extremist militants claimed to have killed seven Russian soldiers in the area. Russia is also providing air support of the Syrian government’s effort against ISIL in the area.
Last month’s agreement with ISIL was not the first in Syria’s six-year-old civil war. It has been widely reported that the Syrian government reached an arrangement with ISIL to allow oil and gas to reach government-held areas after the group seized oil and gas installations in eastern Syria in 2013. In May, the US-backed Syrian Democratic Forces allowed ISIL fighters to withdraw from the Tabqa dam near Raqqa.
Col Dillon said the Tabqa deal, although brokered without the input of the US, had been a reasonable and pragmatic decision.
"When people look at Tabqa, the remaining holdout fighters were mainly in the dam, which was rigged to blow up,” he said. “The fallout would have been far worse than allowing them to withdraw. We were not party to that agreement, but the coalition did similarly strike individual fighters who were separated from their families.”
Larger deals have been struck between the Syrian government and other rebel groups, particularly since 2014. A source in Syria familiar with those negotiations said it was unlikely the problems with this deal would affect further negotiations, except for those with ISIL.
COMPANY PROFILE
Name: HyperSpace
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Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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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.”
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
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Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
COMPANY%20PROFILE
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Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.