BEIRUT // Tens of thousands of people poured into the streets throughout Syria on Friday to demand the fall of President Bashar Assad's regime, rejecting government concessions to free political prisoners and start a national dialogue, activists said.
Security forces fired on at least two of the demonstrations; the regime cut Internet service across most of the country and renewed its assault on towns seen as key to the revolt against the regime's 40-year rule.
As the Friday Muslim prayers ended, worshippers left the mosques and marched in cities, towns and villages. Syrian security forces dispersed some, mostly using batons, tear gas and water cannons and fired live ammunition in at least two locations in southern and northeastern towns.
Rights groups say more than 1,100 people have been killed since the revolt against Assad erupted in mid-March. There were no reports of casualties Friday but the week before, security forces killed at least 12 protesters.
Syrian troops also pounded the central town of Rastan with artillery and gunfire, killing at least two people. The Local Coordination Committees, which helps organize and document Syria's protests, says troops also opened fire on residents fleeing the town.
Friday's deaths bring the toll in Rastan and nearby Talbiseh to 74 killed since the attack started last Saturday.
The opposition has called for nationwide rallies Friday to commemorate the nearly 30 children killed by Assad's regime during the uprising.
In the southern city of Daraa, where the uprising began 10 weeks ago, scores of people rallied in the city's old quarter, chanting "No dialogue with the killers of children," an activist said.
The protesters were referring to a decree by Assad to set up a committee tasked with leading a national dialogue to end the crisis gripping the country.
The regime also released hundreds of political prisoners this week after Assad issued a pardon. The Syrian Observatory for Human Rights said leading Kurdish politician Mashaal Tammo and Muhannad al-Hassani, who heads the Syrian Organization for Human Rights, were released Thursday.
Human rights activist Mustafa Osso said Syrian security forces opened fire Friday at demonstrators in the southern village of Inkhil, but it was not clear if there were any casualties.
Osso also said that at least 5,000 people were demonstrating in the northeastern city of Qamishli, while about 10,000 protested in the village of Amouda. Osso added there were also protests in the Damascus suburbs of Daraya, Zabadani, Harasta and Douma.
Residents and activists also reported protests in the coastal city of Banias, the northeastern city of Deir el-Zour and the central Damascus neighborhood of Midan.
Other activists said there were protests in the Damascus suburb of Saqba where about 4,000 came out in the streets. The largest protests were reported in the northern towns of Maaret al-Numan where more than 50,000 people marched and Ariha where tens of thousands marched.
Meanwhile, a Syrian activist said authorities cut Internet service in several parts of the country, apparently to prevent activists from uploading footage of the protests and the government crackdown and from organizing new resistance. In Damascus, several people contacted over the phone said the Internet was down.
Video surfaced earlier this week on YouTube, Facebook and websites of Hamza al-Khatib, a 13-year-old boy whose tortured and mutilated body was returned to his family weeks after he disappeared during the protests.
The boy has since become a symbol to Syria's uprising and many people carried his posters during anti-regime rallies this week.
"They are worried about today's demonstrations after Hamza al-Khatib's video," said the activists, speaking on condition of anonymity for fear of government reprisals.
Details coming out of Syria are sketchy because the government has severely restricted the media and expelled foreign reporters, making it nearly impossible to independently verify accounts coming out of the country.
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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.
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
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'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
Company%20Profile
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TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
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The specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
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BUNDESLIGA FIXTURES
Friday (all kick-offs UAE time)
Hertha Berlin v Union Berlin (10.30pm)
Saturday
Freiburg v Werder Bremen (5.30pm)
Paderborn v Hoffenheim (5.30pm)
Wolfsburg v Borussia Dortmund (5.30pm)
Borussia Monchengladbach v Bayer Leverkusen (5.30pm)
Bayern Munich v Eintracht Frankfurt (5.30pm)
Sunday
Schalke v Augsburg (3.30pm)
Mainz v RB Leipzig (5.30pm)
Cologne v Fortuna Dusseldorf (8pm)
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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Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Company%20Profile
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yallacompare profile
Date of launch: 2014
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)
Company%20profile
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
Tailors and retailers miss out on back-to-school rush
Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”
A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.
“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”