Tunisia says militant leader killed in anti-terror raid

Police officers stand outside the parliament in Tunis March 18, 2015. (Reuters)
Updated 20 October 2019

Tunisia says militant leader killed in anti-terror raid

  • Tunisian armed forces and national guardsmen led the operation
  • A terrorist leader from the Al-Qaeda branch in Tunisia was killed

TUNIS: An Al-Qaeda leader was killed and another wounded during an anti-terror raid in Tunisia on Sunday, according to the country’s defense ministry.
Tunisian armed forces and national guardsmen led the operation against Al-Qaeda in the Islamic Maghreb (AQIM) in the mountainous Kasserine region near the Algerian border, ministry spokesman Mohamed Zekri told AFP.
“A terrorist leader from the Okba Ibn Nafaa group was killed” and another injured in the ongoing operation, he said.
Okba Ibn Nafaa is the Tunisian branch of AQIM.
Various extremiist groups are active in the rugged frontier region of Kasserine, including the Daesh group-affiliated Jund Al-Khalifa, or “Soldiers of the Caliphate.”
Security forces regularly carry out raids in the area.
Tunisia faced a rise in extremist activity after its 2011 revolution, with attacks killing dozens of security personnel, civilians and foreign tourists.
While the security situation has significantly improved since a series of deadly attacks in 2015, Tunisia has maintained a state of emergency for four years and assaults against security forces have persisted.


Companies must deploy AI to transform industries: Mubadala deputy CEO

Updated 43 min 36 sec ago

Companies must deploy AI to transform industries: Mubadala deputy CEO

  • ‘One of the mega trends you see around the world is that preferences matter’
  • ‘We have to change the way we view technology’

DUBAI: The next wave of value creation in the business world will not come from companies that develop artificial intelligence (AI), but from those that can innovatively deploy technology to transform industries, Waleed Al-Muhairi, deputy CEO of Mubadala Investment Co., said on Tuesday at the first Middle East SALT conference.

The two-day event is taking place in Abu Dhabi, and is run by former White House communications director Anthony Scaramucci.

It is hosting more than 1,000 leaders from the worlds of investment, finance and policymaking at the city’s financial hub, the Abu Dhabi Global Market.

Discussing Mubadala’s partnerships with China, the UAE’s largest trading partner, Al-Muhairi referred to billion-dollar investments in China’s private and public sectors.

“We have a wonderful partnership with China. We’ve established a $10 billion fund there with the China Development Bank, and have deployed almost $2 billion in 15 to 16 different sectors, with technology being the main theme,” he said.

Mubadala currently has $240 billion of assets under management, with close to $100 billion invested in the US (60 percent of the state-owned holding company’s portfolio).

The remaining 40 percent is divided “almost” equally between investments in the UAE, Europe and Asia, “with a heavy concentration in China,” said Al-Muhairi.

“But our objective is to participate in the growth and success of a large, growing and dynamic economy like China’s,” he said, adding that it is only a matter of time before the country becomes the “largest economy on Earth.”

On technology, Al-Muhairi cited Asia-focused private equity firm Hill House, which transformed a mid-level athletic footwear company in China to the No. 1 brand in the country through the deployment of AI.

The company applied the expertise of 50 scientists and engineers to revolutionize the manufacturing process of footwear, while subsequently improving the brand’s retail experience.

By placing censors on the shelves to detect customers’ interest in buying specific footwear, they were able to shorten the cycle of understanding customer feedback and preference, said Al-Muhairi.

“One of the mega trends you see around the world is that preferences matter. And those business that are able to curate a customized experience for customers are going to be the ones who succeed, especially in the retail industry,” he added.

While people often refer to technology as a “sector,” Al-Muhairi believes it is similar to the concept of “electricity” in that it empowers projects and is infused in everything we do today.

“We have to change the way we view technology,” he said, adding that while it is the “life-blood of any successful company” and the “single most important enabler,” it is not an objective in itself. 

“We don’t invest in technology for the sake of technology. We invest in it because it will transform something or it will create value and a return,” he said.