Syria’s opposition requested on Wednesday that Russia and other states put real pressure on president Bashar Al Assad to engage in peace talks in Geneva aimed at resolving the six-year conflict within six months.
“We want more pressure on the regime to engage in the negotiation and continue in the negotiation to reach a political solution in six months, as [UN Security Council Resolution] 2254 says,” Nasr Hariri, the opposition delegation chief, told Reuters.
"The opposition is calling and will continue to call for direct talks with the regime" Mr Hariri said ahead of a meeting with UN officials on Wednesday evening.
And Hanadi Abu A'rab, the deputy of the opposition called on Germany, the UK and Netherlands to "affirm that reconstruction is not possible in Syria without implementing international resolutions and achieving an inclusive transition."
Mr Hariri said that the opposition has no preconditions for talks but it does expect to speak about all the details of a political transition, which include the fate of Mr Assad.
He said that the Assad government is currently detaining 200,000 people, and talks should first make progress on humanitarian issues and detainees.
Mr Hariri added that UN’s special envoy to Syria and mediator at the talks, Staffan de Mistura, may extend discussions to last until December 15.
Negotiators of the Syrian government arrived in Geneva on Wednesday morning and held initial talks with Mr de Mistura.
The government delegates delayed their planned departure for the talks, which began on Tuesday, because of the opposition’s insistence Mr Assad should step down. With regime representatives absent, the unified opposition delegation met with UN officials in Geneva on Tuesday alone.
The fate of the Syrian leader has remained a sticking point in years of UN attempts to get the government and opposition to agree on a road map for Syria's future.
It comes after Russia reportedly put pressure on the Syrian government to engage in the negotiations in Geneva.
A European diplomat told The National on the sidelines of the talks that it is "helpful and not coincidental that the Russians have engaged" in pushing the regime to come to Geneva.
“We would like to see more of it, want to see the Russians work with the P5 (permanent members of the UN Security Council) to help come up — with the parameters [to the crisis],” he said.
With Russian military support, the Syrian regime has made major advances against the opposition, regaining control of 55 per cent of the country.
"I think the Russians have some really strong cards, but I don't think they hold all the cards," the European diplomat said.
"That is why Geneva is such a significant, important process, because only Geneva has the legitimacy to bring together all of those constituent parts and only Geneva will unlock the significant international aid that is required to put Syria back on its feet."
On Tuesday, the Syrian government agreed to a ceasefire in rebel-held Eastern Ghouta, which has been under siege by government forces since 2013, Mr de Mistura said.
The eastern Damascus suburb is among the last remaining opposition strongholds in Syria and located in one of four so-called "de-escalation zones", where fighting between regime forces and rebels was supposed to cease under a deal brokered by Russia, Iran and Turkey earlier this year.
Ahead of the government delegation's arrival in Geneva, Mr de Mistura said he believed it is possible for the two sides to narrow their differences during talks in the Swiss city, as they negotiate within a framework approved by the UN Security Council that calls for a new constitution and elections.
But he repeated that he will not accept either side entering the talks with preconditions.
“Mr Al Assad’s regime will need to meaningfully engage in peace talks if they are serious about bringing the crisis to an end,” the diplomat said.
“Syria might yet get worse before it gets better."
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Meanwhile, Syrian Kurds protested on Wednesday outside the UN’s headquarters in Geneva demanding their voices be included in the Syrian peace talks.
Head of the Kurdish National Council Ibrahim Berro told The National that "the Kurdish community in Europe is here in Geneva to send a message to Mr de Mistura and the opposition demanding their rights to be heard".
"For years the Kurds have been neglected, even before the Syrian uprising. We have been facing systemic discrimination since the formation of the Syrian state," Mr Berro said.
"The Syrian opposition wants to reach an agreement with the Syrian government without guaranteeing any rights to the Kurds," Aisha Aylan, a 26-year-old lawyer living in Berlin said. "We are here demanding for a formation of a federal state, not just an Arab state."
Spread over Turkey, Iraq, Syria and Iran the Kurds are often referred to as the largest ethnic group without a state. Now more than ever, they are exerting pressure on regional governments to establish a state they have been longing for since the beginning of the 20th century.
In Syria, they account for 15 per cent of the country’s population, before the war erupted.
Sarah Ahmed, 27, a doctor, said: "The Kurdish population in Syria is the second largest minority and for that we are demanding for our rights and our voices to be heard in Geneva."
"We feel isolated and neglected by the international community, this is why I travelled from Amsterdam to Geneva," Elend Adel said.
“We want to ensure that our rights are included in Syria’s political transition, I’m hoping that our issue will not be neglected this time round,” he said.
What is 'Soft Power'?
Soft power was first mentioned in 1990 by former US Defence Secretary Joseph Nye.
He believed that there were alternative ways of cultivating support from other countries, instead of achieving goals using military strength.
Soft power is, at its root, the ability to convince other states to do what you want without force.
This is traditionally achieved by proving that you share morals and values.
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.”
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What is double taxation?
- Americans living abroad file taxes with the Internal Revenue Service, which can cost hundreds of dollars to complete even though about 60 per cent do not owe taxes, according to the Taxpayer Advocate Service
- Those obligations apply to millions of Americans residing overseas – estimates range from 3.9 million to 5.5 million – including so-called "accidental Americans" who are unaware they hold dual citizenship
- The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
- Unlike most countries, the US follows a citizenship-based taxation system, meaning that Americans must file taxes annually, even if they do not earn any income in the US.
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