More than 150 hospitals in Syria are supported by MSF and six facilities are directly run by the organisation despite the risks its staff face on the ground. Omar Etaki / AFP Photo
More than 150 hospitals in Syria are supported by MSF and six facilities are directly run by the organisation despite the risks its staff face on the ground. Omar Etaki / AFP Photo

We have yet to learn the lessons of war



In 1936, war broke out in Spain between forces aligned with the republic and those loyal to fascist general Francisco Franco. The war foreshadowed the worst of the violence that would engulf Europe in the coming decade. It was one of the first contemporary conflicts that involved the wholesale destruction of cities and the deliberate targeting of civilians. With the help of Nazi Germany and Fascist Italy, Franco’s forces terrorised Spain while the international community sat quietly on the sidelines.

Pablo Picasso immortalised the conflict with an artistic tribute to those who perished during the destruction of the Basque town of Guernica by German bombers at the height of the conflict. The mural-sized painting, 3.49 metres tall, depicts the suffering of men, women, children and even animals caught in the melee of Nazi bombs. Looking at Picasso's Guernica today, images of decimated Aleppo and other scenes of carnage in Syria quickly come to mind. Have we learnt any lessons from Europe's war in Spain 80 years ago?

Sadly, no. For we see today the same wanton disregard among warring parties for non-combatants. We see a callous disregard for the rules of war. And despite all the technology available that might define discrete zones of safety for neutrals, we hear news of terrible things that have befallen the innocent. It is as though nothing has changed since 1936 or 1940.

Médecins Sans Frontières (MSF) represents some of those neutral individuals in Syria today. And sadly, medical professionals from the group have become victims in those battlefields as they humbly help civilians caught in the crosshairs of war. As The National reported yesterday, more than 150 hospitals in Syria are supported by MSF and six facilities are directly run by the organisation despite the risks its staff face on the ground.

When governments fail to end the carnage in conflict zones, as happened in Spain and is happening in Syria, the role of non-governmental organisations and civilians becomes paramount. The incredible work of MSF shows that there are people who understand this dynamic. In that way, we have taken some of the lessons of the Spanish civil war to heart, but much work needs to be done. The work of MSF underscores the hope that we must maintain that one day Picasso's Guernica moves beyond a strikingly prescient commentary on contemporary society and is only viewed as a depiction of an isolated historical event.

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ASHES FIXTURES

1st Test: Brisbane, Nov 23-27 
2nd Test: Adelaide, Dec 2-6
3rd Test: Perth, Dec 14-18
4th Test: Melbourne, Dec 26-30
5th Test: Sydney, Jan 4-8

THE DEALS

Hamilton $60m x 2 = $120m

Vettel $45m x 2 = $90m

Ricciardo $35m x 2 = $70m

Verstappen $55m x 3 = $165m

Leclerc $20m x 2 = $40m

TOTAL $485m

THREE
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MIDWAY

Produced: Lionsgate Films, Shanghai Ryui Entertainment, Street Light Entertainment
Directed: Roland Emmerich
Cast: Ed Skrein, Woody Harrelson, Dennis Quaid, Aaron Eckhart, Luke Evans, Nick Jonas, Mandy Moore, Darren Criss
Rating: 3.5/5 stars

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.”

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.

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Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.