Fishmongers ply their trade in Dubai. Consumer demand is rising and catch levels are higher than national waters can sustainably provide. Ahmed Jadallah / Reuters
Fishmongers ply their trade in Dubai. Consumer demand is rising and catch levels are higher than national waters can sustainably provide. Ahmed Jadallah / Reuters

Asia's fishing industry is all at sea



In Asia, fish provides 30 per cent of the animal protein in a typical diet.

In addition, millions in the region, especially among the poor, make their livelihood or supplement their incomes by fishing or related industries.

But the marine industry in parts of Asia including the Arabian Gulf is suffering from over fishing.

Consumer demand in the UAE is rising rapidly and current catch levels are higher than UAE waters can sustainably provide.

Fish stocks in the country fell two-thirds in nine years - stocks were estimated to be 529kg a square kilometre in 2011 compared with 1,735kg per square kilometre in 2002, according to figures from the Ministry of Environment and Water.

To counter the declines, the Emirates has embarked on a number of initiatives. Dubai Municipality released 70,000 sobaity and sha'am fingerlings, or young fish, into the sea last month.

The move was the latest in a programme by the agency and the Emirates Association for Fishermen to release yearly approximately 150,000 to 200,000 fingerlings of different species of local and other fish to help replenish stocks.

In Abu Dhabi, the Environment Agency-Abu Dhabi's (EAD) fisheries socio-economic survey for the Abu Dhabi last month started a marine fish data collection programme that will take place over four months.

The survey will also provide decision makers, regulators and members of the fisheries industry, including fishermen, fishery dependent retail and hospitality outlets with information to assess the state of the sector, as well as the level of regulation required to successfully sustain resources in the fishing industry.

"We consider the [survey] an invaluable addition to the Government's regulatory and conservation efforts in Abu Dhabi's fisheries sector," said Shaikha Salem Al Dhaheri, the executive director of Terrestrial and Marine Biodiversity at EAD.

"The results of EAD's fish stock assessment over the last decade indicated that Abu Dhabi's fishery sector is over-capitalised, with 71 per cent of the resource base categorised as over-exploited. Through the programme, "we will be able to provide data that will play an essential role in optimising the use of our depleted fish stocks and rebuilding them in the long run", Ms AL Dhaheri added.

The collated data will be published in a report early next year.

Of the 126 million tonnes of fish available for human consumption in 2009, consumption in the whole of Asia accounted for two-thirds, according to data from the UN's food and agriculture organisation.

Across region, tuna is one of the most sought-after fish species and is on the verge of becoming dangerously scarce after four decades of over fishing, the Asian Development Bank (ADB) points out in a report.

Asia Pacific region's tuna industry, one of the largest in the world, directly employs more than six million people.

"A sustainable fishery industry can help replenish the tuna stock in the ocean while at the same time guarantee food security and the livelihood of coastal communities in Asia and the Pacific," the ADB said.

If current trends continue, the ability of reef systems to provide food for coastal populations in Asia and the Pacific is predicted to decrease by 50 per cent by 2050, the ADB and the World Wildlife Fund said in joint report last year.

As in so many areas, China's rise is a major factor.

As the world's biggest fishing nation, China is witnessing a dramatic growth in per capita fish consumption and is also the global leader in fish exports. In its fishing grounds in the South China Sea, the Yellow Sea, the East China Sea and the Bohai Sea there are some 3,000 marine species, including more than 150 commercial species, and the country's total fishing ground area is about 818,000 square nautical miles.

There are geopolitical issues as China seeks to expand its fishing reach in the South China Sea, which has put on a collision course with its neighbours in the region.

China's distant-water sector has been largely privatised in the past few years, with 70 per cent now in private hands the remainder run by the Chinese National Fisheries Corporation. However, it depends heavily on subsidies to survive, including tax incentives.

This year, the 17-nation Forum Fisheries Agency (FFA) warned China was using vast subsidies that threatened the survivability of the fishing industry in the western and central Pacific, such as tuna long-line fishing.

"It is the official Chinese government policy to assist in the growth, expansion and modernisation of its DWF [distant water fishing] fleets and to use subsidies and incentives to achieve this aim," the paper said.

"These aims are reflected in their five-year plans which detail its development agenda with regard to the deep water fishing industry. Strategic support provided through these plans has accelerated the development of China's DWF industry and lead to a significant expansion of its fleet."

Higher catch levels are forcing down the permitted catch rates of other countries in the region and the FFA said unless something was done at a high level such as the World Trade Organisation, non-Chinese fishing operations could be in serious trouble.

"These subsidies fuel the plunder of South Pacific albacore [fish] and are now leading to localised depletions and declines in catch rates across the fishery, jeopardising the livelihoods of locally owned small-scale tuna boat operators in Pacific Island countries," said the Greenpeace Australia Pacific oceans campaigner Duncan Williams.

Rapidly depleting global oceans stocks means farmed fish are becoming increasingly popular, and China has been exploring ways to expand aquaculture. Farmed fish, including carp supplies about 40 per cent of China's fish consumption.

More rapid expansion of this market has been hampered by China's polluted rivers and waterways.

Pollution is a problem around the region. This month, a huge oil spill stopped fishing near the Philippine capital, affecting the livelihood of tens of thousands of people living along Manila Bay.

Greenpeace is campaigning for a global network of marine reserves covering 40 per cent of the world's oceans, including the four high seas pockets known as the Pacific Commons to be all declared off limits to fishing. The environmental group is also seeking a 50 per cent reduction in the catch of bigeye tuna.

It has also called on South Korea to "bring its fishing industry under control and adopt a policy that ensures legal and sustainable fishing or risk a global backlash on its fisheries exports."

Korea is a leading distant water fishing power with 359 vessels operating in every ocean in the world, but in recent years the fleet has been linked to scandals involving exploitative practices in the Southern Ocean, overfishing of toothfish in Antarctica, pirate fishing and forgery in Africa and abuses against fishing crews in the Pacific Ocean.

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

The biog

Favourite food: Tabbouleh, greek salad and sushi

Favourite TV show: That 70s Show

Favourite animal: Ferrets, they are smart, sensitive, playful and loving

Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can

Name of first pet: Eddy, a Persian cat that showed up at our home

Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big

How The Debt Panel's advice helped readers in 2019

December 11: 'My husband died, so what happens to the Dh240,000 he owes in the UAE?'

JL, a housewife from India, wrote to us about her husband, who died earlier this month. He left behind an outstanding loan of Dh240,000 and she was hoping to pay it off with an insurance policy he had taken out. She also wanted to recover some of her husband’s end-of-service liabilities to help support her and her son.

“I have no words to thank you for helping me out,” she wrote to The Debt Panel after receiving the panellists' comments. “The advice has given me an idea of the present status of the loan and how to take it up further. I will draft a letter and send it to the email ID on the bank’s website along with the death certificate. I hope and pray to find a way out of this.”

November 26:  ‘I owe Dh100,000 because my employer has not paid me for a year’

SL, a financial services employee from India, left the UAE in June after quitting his job because his employer had not paid him since November 2018. He owes Dh103,800 on four debts and was told by the panellists he may be able to use the insolvency law to solve his issue. 

SL thanked the panellists for their efforts. "Indeed, I have some clarity on the consequence of the case and the next steps to take regarding my situation," he says. "Hopefully, I will be able to provide a positive testimony soon."

October 15: 'I lost my job and left the UAE owing Dh71,000. Can I return?'

MS, an energy sector employee from South Africa, left the UAE in August after losing his Dh12,000 job. He was struggling to meet the repayments while securing a new position in the UAE and feared he would be detained if he returned. He has now secured a new job and will return to the Emirates this month.

“The insolvency law is indeed a relief to hear,” he says. "I will not apply for insolvency at this stage. I have been able to pay something towards my loan and credit card. As it stands, I only have a one-month deficit, which I will be able to recover by the end of December." 

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

LIGUE 1 FIXTURES

All times UAE (+4 GMT)

Friday
Nice v Angers (9pm)
Lille v Monaco (10.45pm)

Saturday
Montpellier v Paris Saint-Germain (7pm)
Bordeaux v Guingamp (10pm)
Caen v Amiens (10pm)
Lyon v Dijon (10pm)
Metz v Troyes (10pm)

Sunday
Saint-Etienne v Rennes (5pm)
Strasbourg v Nantes (7pm)
Marseille v Toulouse (11pm)

The biog

Name: Dhabia Khalifa AlQubaisi

Age: 23

How she spends spare time: Playing with cats at the clinic and feeding them

Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need

Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman

Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs 

Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing

Fourth Arab Economic and Social Development Summit

As he spoke, Mr Aboul Gheit repeatedly referred to the need to tackle issues affecting the welfare of people across the region both in terms of preventing conflict and in pushing development.
Lebanon is scheduled to host the fourth Arab Economic and Social Development Summit in January that will see regional leaders gather to tackle the challenges facing the Middle East. The last such summit was held in 2013. Assistant Secretary-General Hossam Zaki told The National that the Beirut Summit “will be an opportunity for Arab leaders to discuss solely economic and social issues, the conference will not focus on political concerns such as Palestine, Syria or Libya". He added that its slogan will be “the individual is at the heart of development”, adding that it will focus on all elements of human capital.

Babumoshai Bandookbaaz

Director: Kushan Nandy

Starring: Nawazuddin Siddiqui, Bidita Bag, Jatin Goswami

Three stars

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

The specs

Engine: 2.3-litre 4cyl turbo
Power: 299hp at 5,500rpm
Torque: 420Nm at 2,750rpm
Transmission: 10-speed auto
Fuel consumption: 12.4L/100km
On sale: Now
Price: From Dh157,395 (XLS); Dh199,395 (Limited)

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE (+4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

ASIAN RUGBY CHAMPIONSHIP 2024

Results
Hong Kong 52-5 UAE
South Korea 55-5 Malaysia
Malaysia 6-70 Hong Kong
UAE 36-32 South Korea

Fixtures
Friday, June 21, 7.30pm kick-off: UAE v Malaysia
At The Sevens, Dubai (admission is free).
Saturday: Hong Kong v South Korea

The specs

Engine: 4-litre twin-turbo V8

Transmission: nine-speed

Power: 542bhp

Torque: 700Nm

Price: Dh848,000

On sale: now

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Abu Dhabi Grand Slam Jiu-Jitsu World Tour Calendar 2018/19

July 29: OTA Gymnasium in Tokyo, Japan

Sep 22-23: LA Convention Centre in Los Angeles, US

Nov 16-18: Carioca Arena Centre in Rio de Janeiro, Brazil

Feb 7-9: Mubadala Arena in Abu Dhabi, UAE

Mar 9-10: Copper Box Arena in London, UK

CABINET OF CURIOSITIES EPISODE 1: LOT 36

Director: Guillermo del Toro
Stars: Tim Blake Nelson, Sebastian Roche, Elpidia Carrillo
Rating: 4/5

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5