Last month, Syrian president Bashar Al Assad gave a speech in which he admitted he was running short of men to fight the four-year-old war. Desertion was a problem, and the Syrian army had been forced to withdraw from outlying areas of the country and focus on the heartland.
The frankness of the speech, coming after statements from Washington that the trend of the conflict was against the regime, prompted a wave of speculation that the president might be sacrificed by his Russian supporters in the interests of a peace deal.
There is no disguising the concern felt in Moscow that Iran is taking the lead role in backing the Assad regime, while the continued existence of an ISIL-controlled zone on the Syrian-Iraqi border has serious consequences for Russian security. It can, in Russian eyes, only exacerbate tensions in Chechnya and Dagestan in Russian’s southern borderland.
Russia’s promotion of a new peace effort, after the failure of two earlier ones, has encouraged reports that Mr Al Assad’s days as ruler are numbered.
This week, the Syrian leader sought to regain the initiative, giving an interview to the Al Manar TV station, which is controlled by the Lebanese Hizbollah militia that is now increasingly used as a strike force in Syria against the regime’s opponents.
Mr Al Assad said Moscow would not abandon him because the Russians were a principled and reliable ally, in contrast to the Americans whose history was “abandoning allies, abandoning friends and back-stabbing”. He hit out against the “malicious media” who accused him of handing over the country to Iran and Hizbollah. Syria, he said, was facing an enemy with “limitless resources, particularly in terms of manpower”.
The Syrian leader has much to be concerned about. The pace of diplomatic contact between Arab leaders who are backing the various factions of the Syrian opposition and Moscow is picking up. More seriously, the US and Turkey are moving slowly to bury their differences. Turkey’s independent foreign policy – a stumbling block in US eyes to pursuing a successful policy in Syria – has been ditched, as Turkey finds itself threatened by ISIL and by a resumption of Kurdish terrorism.
Set against these factors, however, are many others which suggest that the time is not ripe for a grand bargain to end the war. For all the diplomatic consultations, it is hard to see any comprehensive agreement. First, the Americans believe that ISIL is more dangerous than the Assad regime, even though it was the regime’s plan – and a very successful one – to turn what started as a civilian protest into an anti-terrorist war. From the American point of view, the existence of ISIL-held territory is a threat to its allies, including Jordan and potentially to Saudi Arabia. The worst scenario possible would be ISIL taking over Damascus.
But other allies have different views. While ISIL’s so-called “caliphate” is indeed destabilising, regional countries do not forget that the Assad regime began the war, and it has been kept in place by Iran. Iran, for its part, is not ready to lose its ally in Syria, which extends the reach of the Revolutionary Guard and its expeditionary forces all the way to the borders of Israel and the Mediterranean, just as in the days of the ancient Persian empires.
This strategic contest may be ratcheted down if Iran – as the Americans hope – becomes a solid member of the community of nations rather than an exporter of revolution. Or it may go the other way, if Iran uses the wealth released by the recent nuclear deal to extend its influence. But that is not a question that is going to be decided now.
Of more immediate concern is the continuing difference between US and Turkish policies, despite the announcement of a joint programme to drive ISIL away from Turkey’s border zone. This agreement stems from a double failure: failure of America’s “train and equip” programme to create a moderate fighting force on the Syrian battlefield, and Turkey’s failure to topple Mr Al Assad, which has been the long-term goal of president Recep Tayyip Erdogan.
Mr Erdogan has been pressing for a “safe zone” inside Syria that would be ISIL-free and could be home for the almost 2 million Syrian refugees inside Turkey. The Americans have refused to commit to this, as it would require the US air force enforcing a no-fly zone, putting it in conflict with Syria’s Russian-supplied air defence systems. This could easily become a US-Russian proxy war, which is the last thing Washington wants.
What Russia is looking for is a dramatic demonstration of the collapse of US power in the Middle East, but Washington is hardly ready to concede that.
So the refugees are not going back to any “safe zone”, as there will be no air cover. Mr Erdogan has accepted this compromise as the joint operations plan allows the Turkish air force to attack Kurdish forces in Syria allied to the PKK, the militant organisation of Turkish Kurds, under cover of the anti-ISIL fight.
In effect, the border zone will be used by Turkey to prevent the Syrian Kurdish militia, the PYD, controlling even more of the border area than it already does. The proposed “safe zone” will actually be a PYD-free zone. And this at a time when the Americans see the PYD as one of their their most valued allies in the fight against ISIL.
Meanwhile, the bloodshed only escalates, with ISIL continuing its shock tactics to scare its enemies and recruit the misguided young, while the Assad regime kills ever more civilians with its barrel bombs, such as the strike on Douma, in the suburbs of Damascus, which killed more than 100 on August 16.
As for the refugees, they are heading north to Europe in increasing numbers. They do not believe peace is at hand. The end of the Al Assad dynasty will come but it is hard to see that happening imminently.
Alan Philps is a commentator on global affairs
On Twitter: @aphilps
The five pillars of Islam
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MATCH INFO
Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)
Where: Wanda Metropolitano
When: Thursday, May 3
Live: On BeIN Sports HD
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The Book of Collateral Damage
Sinan Antoon
(Yale University Press)
MATCH INFO
Uefa Champions League semi-final, second leg
Real Madrid (2) v Bayern Munich (1)
Where: Santiago Bernabeu, Madrid
When: 10.45pm, Tuesday
Watch Live: beIN Sports HD
Wydad 2 Urawa 3
Wydad Nahiri 21’, Hajhouj 90'
Urawa Antonio 18’, 60’, Kashiwagi 26’
LIVING IN...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
The past Palme d'Or winners
2018 Shoplifters, Hirokazu Kore-eda
2017 The Square, Ruben Ostlund
2016 I, Daniel Blake, Ken Loach
2015 Dheepan, Jacques Audiard
2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan
2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux
2012 Amour, Michael Haneke
2011 The Tree of Life, Terrence Malick
2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul
2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke
2008 The Class (Entre les murs), Laurent Cantet
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.”
SPECS
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How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The Written World: How Literature Shaped History
Martin Puchner
Granta
'Brazen'
Director: Monika Mitchell
Starring: Alyssa Milano, Sam Page, Colleen Wheeler
Rating: 3/5
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
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The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
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PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero
Who is Allegra Stratton?
- Previously worked at The Guardian, BBC’s Newsnight programme and ITV News
- Took up a public relations role for Chancellor Rishi Sunak in April 2020
- In October 2020 she was hired to lead No 10’s planned daily televised press briefings
- The idea was later scrapped and she was appointed spokeswoman for Cop26
- Ms Stratton, 41, is married to James Forsyth, the political editor of The Spectator
- She has strong connections to the Conservative establishment
- Mr Sunak served as best man at her 2011 wedding to Mr Forsyth
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
Mia Man’s tips for fermentation
- Start with a simple recipe such as yogurt or sauerkraut
- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.
- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.
- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
QUARTER-FINAL
Wales 20-19 France
Wales: T: Wainwright, Moriarty. Cons: Biggar (2) Pens: Biggar 2
France: T: Vahaamahina, Ollivon, Vakatawa Cons: Ntamack (2)
High profile Al Shabab attacks
- 2010: A restaurant attack in Kampala Uganda kills 74 people watching a Fifa World Cup final football match.
- 2013: The Westgate shopping mall attack, 62 civilians, five Kenyan soldiers and four gunmen are killed.
- 2014: A series of bombings and shootings across Kenya sees scores of civilians killed.
- 2015: Four gunmen attack Garissa University College in northeastern Kenya and take over 700 students hostage, killing those who identified as Christian; 148 die and 79 more are injured.
- 2016: An attack on a Kenyan military base in El Adde Somalia kills 180 soldiers.
- 2017: A suicide truck bombing outside the Safari Hotel in Mogadishu kills 587 people and destroys several city blocks, making it the deadliest attack by the group and the worst in Somalia’s history.
The Kites
Romain Gary
Penguin Modern Classics
The bio
Who inspires you?
I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist
How do you relax?
Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.
What is favourite book?
The Perks of Being a Wallflower - I think I've read it more than 7 times
What is your favourite Arabic film?
Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki
What is favourite English film?
Mamma Mia
Best piece of advice to someone looking for a career at Google?
If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.
How Islam's view of posthumous transplant surgery changed
Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.
Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.
The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.
One school of thought viewed the removal of organs after death as equally impermissible.
That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.