We interrupt this column for a plea to stop road carnage


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The topic of today's column is vehicular manslaughter, unfortunately an all too common phenomenon here in the UAE. As has been well reported in this newspaper, the nation has an alarmingly, unacceptably high traffic fatality rate. According to a recent report by the World Health Organisation (WHO), 1,056 people were killed on the UAE's roads in 2007, giving it a death rate of 37.1 for every 100,000 people. That makes this nation's roads only slightly less deadly than those in war-torn Iraq or Afghanistan. The global average is only 18.8.

Traffic safety may seem slightly off the track for a column generally confined to economic issues. There are other surveys worth pointing out, too, such as the rapid rise in Mercer's annual cost of living rankings by Abu Dhabi (from 65th most expensive city to 26th) and Dubai (from 52nd to 20th). There's also the UAE's somewhat dismal showing in the World Economic Forum's new rankings of openness to trade: the UAE came in 18th in that tally, well behind the kind of global trade centres it hopes to compete with, such as Hong Kong (second) and Singapore (first).

But having roads that resemble scenes from Mad Max poses an economic problem that doesn't need explaining. Tragedies like the death of three young girls while crossing a busy Abu Dhabi street last week, or the near-bisection of a foreign tourist on Abu Dhabi's scenic Corniche by a sports car back in March show the urgent need for something to be done to reverse the carnage. Thus, this columnist finds himself in the rare position of jumping on what has become an editorial bandwagon and salutes this newspaper's campaign to highlight the problem, and hopefully reduce road deaths.

What is perhaps most embarrassing about this problem is that it is one more common to poorer nations. According to the WHO, more than 1.2 million people die every year on the world’s roads, a number that is only rising as economic development puts car ownership within reach of more and more people. Thus, the roads have become the leading cause of death for people between the ages of 15 and 29, making cars a bigger killer of the world's young people than AIDS.

Poor nations - whether because of less-experienced drivers, lower quality cars or less well-maintained roads - have higher fatality rates. The WHO calculated that low-income countries, those with an average annual per capita income of US$935 (Dh3,434) or less, have an average fatality rate of 21.5, which is still lower than the rate here in the UAE, where average incomes top $41,000 a year. Despite rising affluence, better roads and better cars, the UAE's traffic fatality rate is rising, not falling. That the UAE's roads are dangerous is, of course, no surprise to anyone who has driven on them. The prevailing style of driving here might best be described as kill or be killed.

City speed limits are so widely ignored that observing them results in open harassment by other drivers. Zebra crossings are apparently invisible, despite rules requiring drivers to yield to pedestrians trying to use them. Yielding in general is anathema on the UAE's roads. So is using indicators, which other motorists are quick to exploit as a sign of weakness. The situation is only more frightening on Sheikh Zayed Road, where anyone foolhardy enough to impede the progress of speeding drivers is punished with flashing headlights.

The WHO offers a couple of pieces of advice for the UAE: lower urban speed limits to 50kph, for starters. And require all passengers to wear seat belts, a potentially life-saving device that the WHO estimates is worn by only about three of every five passengers in the UAE. Enforcing existing rules might be a more practical starting point. The Abu Dhabi Government's plan reportedly includes reshaping the urban landscape to encourage slower, safer driving. According to a report in yesterday's The National, city planners are studying techniques such as breaking up the capital's long city blocks to give motorists less room to accelerate, or eliminating the dedicated right-turn lanes that drivers use to bypass traffic lights without stopping for crossing pedestrians.

These are great strides, but they ignore the real culprit. At the root of this problem is a more pernicious social phenomenon: the elevation of the car, or more specifically the car owner, to an exalted station in developing countries. This attitude isn't unique to the UAE. Go anywhere where there's new money and you’ll find that the measure of the man is what kind of car he drives. That's true of even wealthy countries to some extent, but in developing nations it seems to translate into something more profound: the right of way.

Small cars must give way to eight-cylinder SUVs. Sweating pedestrians must give way to air-conditioned Porsches. The more expensive the car, the more self-important the driver. Pedestrians? If they want the right of way, they should be in cars. Consultants brought to the UAE to investigate why the country has such a high fatality rate found that it wasn't the condition of its roads, which were top-notch, or its traffic rules, which were in line with those elsewhere. Rather, it was the attitude of its drivers.

Which drivers? The statistics, again, tell the story. Of the 1,056 traffic fatalities the WHO registered in the UAE in 2007, 87 per cent of those were males, of whom 41 per cent were driving 4x4 vehicles. But it would be wrong to lay the UAE's traffic deaths at the feet of young men in SUVs. Reckless driving starts with inconsiderate driving. Correcting this will require more than simply taking fines from offenders, but threatening to take their time and freedom. Paying speeding fines online is a pretty piece of government, but it does not discourage speeding in the same heart-in-mouth way as being stopped by the flashing sirens of a police cruiser does.

This column has already argued that there are too many cars and that car ownership should be made more costly and public transport more convenient. An even more effective deterrent might be to force errant drivers to spend a sweltering summer navigating the UAE as a pedestrian. warnold@thenational.ae

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

MOTHER%20OF%20STRANGERS
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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.”

Real Madrid 1
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Athletic Bilbao 1
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Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

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Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

The specs

Engine: 2.9-litre twin-turbo V6

Power: 540hp at 6,500rpm

Torque: 600Nm at 2,500rpm

Transmission: Eight-speed auto

Kerb weight: 1580kg

Price: From Dh750k

On sale: via special order

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions

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)

UAE currency: the story behind the money in your pockets

Trolls World Tour

Directed by: Walt Dohrn, David Smith

Starring: Anna Kendrick, Justin Timberlake

Rating: 4 stars

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. 

UAE currency: the story behind the money in your pockets
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Florida: The critical Sunshine State

Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991. 

Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.

In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.