Turkish special police officers patrol the Sultanbeyli district of Istanbul on August 10, 2015 after twin attacks on the US consulate and a police station in the city. Ozan Kose / AFP
Turkish special police officers patrol the Sultanbeyli district of Istanbul on August 10, 2015 after twin attacks on the US consulate and a police station in the city. Ozan Kose / AFP

String of attacks leaves six dead in Turkey



ISTANBUL // Turkey was hit by a series of attacks on Monday, with six members of the security forces killed and two women opening fire on the US consulate in Istanbul.

The authorities blamed the violence on Kurdish and Marxist radicals, as Ankara presses a two-pronged “antiterror” offensive against ISIL and Kurdistan Workers’ Party (PKK) militants.

The attacks came as Turkish prime minister Ahmet Davutoglu met Kemal Kilicdaroglu, the leader of the country’s pro-secular party, to gauge whether they have enough common ground to press ahead with efforts to form a coalition government. Turkey has until August 23 to form a new government before new elections have to be called.

Mr Davutoglu’s ruling Justice and Development Party (AKP) lost its parliamentary majority in elections in June, forcing it to seek a coalition partner.

The two party leaders met to address issues where no consensus had been reached.

President Recep Tayyip Erdogan is reported to favour new elections in the fall that could return the ruling party, which he founded, to power without the need for a coalition partner. Turkish pollster MAK found in its latest survey the AKP, has gained support in the last two months and could recover the absolute majority, if a snap parliamentary election were held immediately. The poll suggested that rising violence between government forces and Kurdish militants was bolstering support for the AKP.

The AKP would secure 44.7 per cent of the vote if a snap election were held immediately, MAK found, almost 4 percentage points more than the 40.9 per cent it gained in June, its worst result for more than a decade.

Monday’s attacks raised new concerns about security throughout Turkey in an escalating cycle of violence that has left a 2013 ceasefire agreed to by the PKK in tatters.

Four Turkish police officers were killed in a roadside bomb attack, blamed on Kurdish militants, in the southeastern Silopi district of Sirnak province bordering Iraq and Syria, the official Anatolia news agency said.

A Turkish soldier was killed in a separate incident when Kurdish militants attacked a military helicopter with rocket launchers in Sirnak’s Beytussebap district, the army said.

In Istanbul, a suspected suicide bomber detonated a vehicle packed with explosives at a police station in the Sultanbeyli district just after midnight, wounding 10 people, three of them police, the governor’s office said. One of the police later died.

Meanwhile, two women launched a gun attack against the well-fortified US consulate on the outskirts of Istanbul.

One of the two attackers was later arrested after being wounded in clashes with police.

The outlawed Marxist Revolutionary People’s Liberation Party-Front (DHKP-C) said one of its militants – named as Hatice Asik – had carried out the attack.

The DHKP-C has carried out a string of attacks in Turkey in the past, claiming a 2013 suicide attack on the US embassy in Ankara.

The authorities have targeted suspected DHKP-C, ISIL and PKK members in a succession of “antiterror” raids in the last two weeks.

A consulate spokesperson confirmed that there had been a “security incident” near the mission and the building remained closed to the public until further notice.

A Turkish official in Ankara said that the US consulate attack was linked to the DHKP-C and the Istanbul police station bombing by the PKK.

But the Istanbul police attack was also claimed by a smaller leftist group, the People’s Defence Units (HSB), on its Twitter feed.

An EU foreign affairs spokesperson condemned Monday’s “terrorist attacks”, adding that the “recent escalation of violence in the country is of serious concern and must not continue.”

The state-run Anatolia news agency said over the weekend that so far 390 “terrorists” have been killed in the air campaign in Turkey and northern Iraq with 400 wounded.

The PKK’s insurgency for greater rights and powers for Turkey’s Kurdish minority began more than 30 years ago and has left tens of thousands dead.

The PKK is designated as a terrorist organisation by Turkey, the EU and the US but Ankara’s Western allies have urged it to show restraint in the onslaught.

Senior PKK figure Cemil Bayik told the BBC in an interview on Monday that Turkey was trying to protect ISIL by fighting the PKK, who are opposed to the militants.

“They are doing it to limit the PKK’s fight against IS. Turkey is protecting IS,” he said.

Twenty-eight members of the security forces have been killed in violence linked to the PKK since the current crisis began.

The government has also vowed to begin strikes against ISIL in Syria alongside US forces who have now started arriving to use the well-located Incirlik airbase in southern Turkey.

Washington has long been pushing its ally Turkey to step up the fight against ISIL, which Ankara had been reluctant to do.

But Turkish officials have vowed that a wider fight against ISIL will start in the coming days.

* Agence France-Presse, Associated Press, Reuters

KEY DEVELOPMENTS IN MARITIME DISPUTE

2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.

2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus

2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.

2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.

2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

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TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

Anti-semitic attacks
The annual report by the Community Security Trust, which advises the Jewish community on security , warned on Thursday that anti-Semitic incidents in Britain had reached a record high.

It found there had been 2,255 anti-Semitic incidents reported in 2021, a rise of 34 per cent from the previous year.

The report detailed the convictions of a number of people for anti-Semitic crimes, including one man who was jailed for setting up a neo-Nazi group which had encouraged “the eradication of Jewish people” and another who had posted anti-Semitic homemade videos on social media. 

EA Sports FC 25
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Uefa Champions League semi-finals, second leg:

Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE

Game is on BeIN Sports

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.”