Volunteers collect plastic rubbish and waste on the beach at the University of Plymouth's Marine Station in England. Getty
Volunteers collect plastic rubbish and waste on the beach at the University of Plymouth's Marine Station in England. Getty
Volunteers collect plastic rubbish and waste on the beach at the University of Plymouth's Marine Station in England. Getty
Volunteers collect plastic rubbish and waste on the beach at the University of Plymouth's Marine Station in England. Getty

Eliminating ocean plastic pollution must be a commercial and global priority


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I get asked frequently, "why do you care so much about the oceans? What does your job in technology have to do with ocean health?"

Turns out to be a lot.

A healthy world ocean is critical to our survival – this magnificent body of water flows over nearly three-quarters of the planet, holds 97 per cent of our water and produces more than half of the oxygen in the atmosphere. It impacts all of us, the health of our families, our communities and our businesses. However, despite commitments from governments, vocal campaigns with celebrity endorsement and a lot of people talking about the issue, our oceans are still in danger.

Each year, more than eight million tonnes of plastic enter the ocean, over time breaking into trillions of microplastic particles, which only leave the ocean when they are ingested by sea life and enter the human food chain (the average seafood eater consumes 11,000 plastic particles per year). Ocean plastics impact the environment, human health and, ultimately, are threat to the future of our planet – making it an issue that everyone should care about.

But where do we start to tackle the plastic problem?

Any attempt to reduce plastic waste, be it on an individual or organisational level, is a step in the right direction. Campaigns like #StopSucking or The Last Straw are fantastic gateways to highlighting plastic pollution; raising awareness and starting to educate a wider audience.

On an individual level, the advice for preventing plastic pollution is straightforward – do your part and be smart in everyday actions and we can all make a difference. The roundtable discussion included representatives from the Centre for International Environmental Law (Ciel), Common Seas, which works to improve social and economic value while creating a resilient ocean, the a global research non-profit organisation World Resources Institute and the US-based Interface, the world's largest manufacturer of modular carpet tiles, which runs a sustainability campaign called Mission Zero. The debate showed that while individual impacts matter, alone they aren’t enough.

Instead, we need governments, businesses and NGOs to be held accountable and make commitments to remove the plastic that is already in the oceans, prevent more from entering and make sustainable decisions that limits plastic production.

When speaking at the recent round table, Kristian Teleki, director of the Sustainable Ocean Initiative at the World Resources Institute pointed out that there are notable new levels of interest in plastic pollution in the public, political and private spheres. As such, there is now a clear end-goal to decouple waste generation from economic growth.

Until that happens, governments around the world have made commitments to address the plastic problem. It is, however, important to note that there is no one-size-fits-all solution; what works in France might not work in Egypt, for instance, and we need to consider that there are different starting points for each country. Each government needs to invest in individual infrastructures that allow for waste solutions that can scale at a speed which meets the problem at hand.

Volunteers collect plastic on the beach in Plymouth, England. Getty
Volunteers collect plastic on the beach in Plymouth, England. Getty

This is a daunting task and the improvements to infrastructure that needs to occur isn’t going to happen overnight. It is unsurprising, therefore, that we are increasingly seeing governments pull out of sustainability agreements, face a lack of accountability, or simply just promise to make changes but not actually take any action.

Be it due to an absence of investment in infrastructure or poor visibility into a country’s waste disposal or recycling system, governments across the globe are failing to offer sufficient waste management solutions.  As such, it is up to businesses to take the lead in plastic innovation and reducing waste in our oceans.

_______________

Read more:

How plastic is getting into our food and what it means for us

Yas Mall replaces 20,000 plastic bags to boost war on waste

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There may be no way to reverse the ocean plastics damage to date, however, there is an opportunity to transform the way we think about this issue. In fact, companies have begun to re-imagine plastic waste as a resourceful material rather than waste, taking note of the positive economic and sustainable impact of utilising plastic waste rather than virgin materials in their production lines.

Companies such as Adidas, Trek and Herman Miller among others, have incorporated ocean plastics into their products, whether it is packaging, furniture or footwear. Then there’s McDonald's, which is taking the step to remove single-use plastics as an option. Businesses have to start taking action, and looking into how they can reuse plastic waste and the alternative materials which they can utilise instead. This is why Dell, in addition to using ocean-bound plastic in our product packaging, is going strawless at our facilities globally.

The good news is commercial sustainability is driven by customer enthusiasm, innovation and cost cutting – it isn’t just great for the environment.

Consumers are increasingly looking to help tackle the plastics problem by making "green" purchasing decisions. Lastly, businesses leading the sustainable, ocean-bound plastic movement will be ready to comply with future plastic waste regulations – especially as  more governments are looking to do their part in helping our ocean through new plastic related taxes.

No one can fight the oceans' plastics problem alone – a view I made very clear when speaking at the recent round table. While having individual sustainability goals drives innovation, it is so important to collaborate with customers governments and even competitors. After all, in the long-term, alleviating the ocean plastic problem is going to make a difference for all of us and we can’t do it alone.

A 12-metre installation depicting a whale, made up of five tonnes of plastic waste pulled out of the Pacific Ocean displayed in Bruges. AFP
A 12-metre installation depicting a whale, made up of five tonnes of plastic waste pulled out of the Pacific Ocean displayed in Bruges. AFP

For this reason, companies that have pioneered new ways of using ocean plastics are already sharing knowledge and blueprints for projects that have worked well for them, so that others can build upon and learn from these ideas.

An example of this is an open-source initiative called NextWave, which convened leading technology and consumer-focused companies to develop the first-ever commercial-scale ocean-bound plastics and nylon supply chain, while also ensuring economic and social benefits for multiple stakeholders. The founding list of companies include Dell, General Motors, Trek Bicycle, Herman Miller, Interface, Van de Sant, Humanscale and Bureo, with others able to easily apply to join the cause. The companies are engaging with scientists and advocates working with marine litter and ocean health to advise on a sustainable model that supports the needs of coastal communities and environments.

Among other collaboration efforts is the nonprofit environmental advocacy group Ocean Conservancy’s Trash Free Seas Alliance, which aims to finance solutions to address marine debris and advice resources like Lonely Whale, a group facilitating the creation of innovative ideas to maintain the health of our oceans.

The road to sustainable production and business practices can seem long, but the early believers and adopters will win the hearts and minds in the future.

Eventually, no doubt, governments across the world will invest in the necessary infrastructures and enforce the changes we all need them to make

Company%20profile
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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.”

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EImelda%20Staunton%2C%20Jonathan%20Pryce%2C%20Lesley%20Manville%2C%20Jonny%20Lee%20Miller%2C%20Dominic%20West%2C%20Elizabeth%20Debicki%2C%20Salim%20Daw%20and%20Khalid%20Abdalla%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWritten%20by%3A%20%3C%2Fstrong%3EPeter%20Morgan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%20stars%3C%2Fp%3E%0A
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

UAE currency: the story behind the money in your pockets
UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
ICC Awards for 2021

MEN

Cricketer of the Year – Shaheen Afridi (Pakistan)

T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)

ODI Cricketer of the Year – Babar Azam (Pakistan)

Test Cricketer of the Year – Joe Root (England)

WOMEN

Cricketer of the Year – Smriti Mandhana (India)

ODI Cricketer of the Year – Lizelle Lee (South Africa)

T20 Cricketer of the Year – Tammy Beaumont (England)

US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

PSL FINAL

Multan Sultans v Peshawar Zalmi
8pm, Thursday
Zayed Cricket Stadium, Abu Dhabi

Mobile phone packages comparison
Most%20polluted%20cities%20in%20the%20Middle%20East
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MOST%20POLLUTED%20COUNTRIES%20IN%20THE%20WORLD
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Key Points
  • Protests against President Omar Al Bashir enter their sixth day
  • Reports of President Bashir's resignation and arrests of senior government officials
Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Dengue%20fever%20symptoms
%3Cp%3EHigh%20fever%20(40%C2%B0C%2F104%C2%B0F)%3Cbr%3ESevere%20headache%3Cbr%3EPain%20behind%20the%20eyes%3Cbr%3EMuscle%20and%20joint%20pains%3Cbr%3ENausea%3Cbr%3EVomiting%3Cbr%3ESwollen%20glands%3Cbr%3ERash%26nbsp%3B%3C%2Fp%3E%0A
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
SERIE A FIXTURES

Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)

Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)

Monday Fiorentina v Genoa (11.45pm)

Japan 30-10 Russia

Tries: Matsushima (3), Labuschange | Golosnitsky

Conversions: Tamura, Matsuda | Kushnarev

Penalties: Tamura (2) | Kushnarev

MATCH INFO

English Premiership semi-finals

Saracens 57
Wasps 33

Exeter Chiefs 36
Newcastle Falcons 5

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
While you're here
RACE CARD

5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m

Top Hundred overseas picks

London Spirit: Kieron Pollard, Riley Meredith 

Welsh Fire: Adam Zampa, David Miller, Naseem Shah 

Manchester Originals: Andre Russell, Wanindu Hasaranga, Sean Abbott

Northern Superchargers: Dwayne Bravo, Wahab Riaz

Oval Invincibles: Sunil Narine, Rilee Rossouw

Trent Rockets: Colin Munro

Birmingham Phoenix: Matthew Wade, Kane Richardson

Southern Brave: Quinton de Kock

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WallyGPT%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2014%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESaeid%20and%20Sami%20Hejazi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%3Cbr%3E%3Cstrong%3EInvestment%20raised%3A%20%3C%2Fstrong%3E%247.1%20million%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2020%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%20round%3C%2Fp%3E%0A
Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5