British author Roald Dahl told the story of Pravdinsk in northern Russia, where the ground was frozen so hard it was impossible to bury a corpse in winter. “So, do you know what they do? They simply sharpen his legs and knock him into the ground with a sledgehammer.” But with record heat striking Siberia, this macabre technique will not be needed.
Places in the far north-east hit 21.5°C overnight – shattering records by more than 10°C. The current extreme weather is not just confined to Russia. The UAE had its hottest day yet recorded in May, as Sweihan near Al Ain sweltered at 51.6°C. The country’s summers are now 10 days longer than they used to be.
Parts of Britain have declared a drought after the driest and sunniest spring since records began in 1836. Yet this follows the wettest 18 months in national history. Switzerland had a different problem, after the collapse of a melting glacier destroyed the village of Blatten on Wednesday.
So, what is going on?
In 2015, countries signing the Paris Agreement on climate change agreed to limit global warning to “well below” 2°C by the end of the century, and to target not exceeding 1.5°C. In 2018, the Intergovernmental Panel on Climate Change thought 1.5°C would not be reached until 2040. Now, it is set to be broken in two years.
The battleground is now the 2°C target. Now, that is likely to be overtaken around 2045, on the basis of the average over several years. Indeed, we could experience a year above 2°C as soon as 2029. Likely overall warming by end-century will be 2.5°C, a level that would have been thought disastrous a decade ago. Blatten is not the first place to be wiped out by unchecked climate change, and it will not be the last.
The risk is growing of dramatic and irreversible climatic shifts: an Arctic free of ice in the summer before 2030, the dieback of the Amazon rainforest, a loss of 90 per cent of coral reefs by 2050. Atlantic oceanic circulation could collapse, bringing severe flooding to the US east coast and, paradoxically, freezing temperatures to Europe.
It is no surprise that global warming continues to increase while emissions of carbon dioxide and other greenhouse gases are at record levels.
There is some positive news from China, which might reach a peak in carbon dioxide emissions this year. It is adopting renewable and nuclear power, and switching from oil-fuelled to electric vehicles on a massive scale. As the world’s biggest polluter, it leads the overall trend. But backsliding in the US could undo some of this progress. Right-wing parties in Europe have seized on climate policies as a populist line of attack.
In any case, just reducing emissions is not enough – they need to fall to net-zero, where any remaining carbon dioxide releases are counterbalanced by soaking up the gas from the atmosphere – before warming will stop.
Some other factors are playing a part in recent rapid heating. Sulphur dioxide released into the atmosphere was unintentionally helping limit global warming by reflecting some of the sun’s rays. Over the past decade, China has tackled air pollution and switched its district heating systems from sulphurous coal to natural gas. The international shipping industry has also banned the use of high-sulphur fuel oil without scrubbers.
These moves are good for human health and for reducing acid rain, but they have an unfortunate side effect. If India now cleans up its terrible coal pollution, that could push warming even faster.
Sulphur dioxide apart, we are on a far better climate path than a decade or two ago. But this is a choice between the catastrophic and the terrible.
Environmentalists remain stuck on policies that have achieved great success – cheap, mass-scale solar and wind power, batteries and electric vehicles – but not fast enough, and that cannot be the whole answer in the limited time remaining to us.
Many appear secretly delighted when policies and technologies that don’t fit the narrow renewables-only ideology run into technical or commercial problems. These include pricing and trading carbon dioxide emissions, capturing carbon dioxide emissions from fossil fuels, removing carbon dioxide directly from the atmosphere, using hydrogen, or expanding nuclear power.
They call for more “political will” or “ambition”. This ignores that overbold targets have not been met, and that making them even bolder will not overcome the problem that a big new green factory or critical mineral mine or intercontinental power line takes a decade to build.
Bad-faith mongers, now joined by AI chatbot Grok, are trying to chip away at support for climate policies. But there are genuine concerns about the cost and reliability of energy, in a world where political and trade fences are being built ever-higher.
The “pragmatists”, meanwhile, seem to have resigned themselves to living with 2.5°C or more warming, and that many seaside cities, mountain villages, coral reefs, rainforests and ice-caps will disappear. The costs of this dystopian future, and the risks of something truly cataclysmic, greatly exceed the expense of working harder to stop it.
But at least they have thought about the problem, and made a conscious decision, unlike many politicians, business leaders, media commentators and voters, who simply ignore it.
There is a way forward, though not a comfortable one. First, accelerate the current progress on low-carbon energy, but be much more ruthless about hard choices, prioritisation, and keeping costs down. Second, advance the necessary but unpopular technologies – recognise that smashing capitalism or destroying the fossil fuel industry, however appealing to activists, has to come after saving a liveable climate.
Third, learn from the experience of cleaning up sulphur pollution. We have unintentionally made warming go faster. But, intelligent “geoengineering” with smaller amounts of sulphur or other particles can also cool the Earth, buying valuable years to cut carbon dioxide. Like the people of Pravdinsk, we need an ugly but effective solution to our climate problem.
Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
THE%20SPECS
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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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The 12 Syrian entities delisted by UK
Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV
The specs: 2017 Maserati Quattroporte
Price, base / as tested Dh389,000 / Dh559,000
Engine 3.0L twin-turbo V8
Transmission Eight-speed automatic
Power 530hp @ 6,800rpm
Torque 650Nm @ 2,000 rpm
Fuel economy, combined 10.7L / 100km
SCHEDULE
Saturday, April 20: 11am to 7pm - Abu Dhabi World Jiu-Jitsu Festival and Para jiu-jitsu.
Sunday, April 21: 11am to 6pm - Abu Dhabi World Youth (female) Jiu-Jitsu Championship.
Monday, April 22: 11am to 6pm - Abu Dhabi World Youth (male) Jiu-Jitsu Championship.
Tuesday, April 23: 11am-6pm Abu Dhabi World Masters Jiu-Jitsu Championship.
Wednesday, April 24: 11am-6pm Abu Dhabi World Professional Jiu-Jitsu Championship.
Thursday, April 25: 11am-5pm Abu Dhabi World Professional Jiu-Jitsu Championship.
Friday, April 26: 3pm to 6pm Finals of the Abu Dhabi World Professional Jiu-Jitsu Championship.
Saturday, April 27: 4pm and 8pm awards ceremony.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
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RESULTS
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COMPANY%20PROFILE
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Mobile phone packages comparison
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Scoreline:
Manchester City 1
Jesus 4'
Brighton 0
'How To Build A Boat'
Jonathan Gornall, Simon & Schuster
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
The stats
Ship name: MSC Bellissima
Ship class: Meraviglia Class
Delivery date: February 27, 2019
Gross tonnage: 171,598 GT
Passenger capacity: 5,686
Crew members: 1,536
Number of cabins: 2,217
Length: 315.3 metres
Maximum speed: 22.7 knots (42kph)
Killing of Qassem Suleimani