• John Burt, associate professor of biology at New York University Abu Dhabi, has studied the region’s seas for the past 15 years. Photo: Joerg Wiedenmann
    John Burt, associate professor of biology at New York University Abu Dhabi, has studied the region’s seas for the past 15 years. Photo: Joerg Wiedenmann
  • Table coral, such as the kind seen on the top left in Ghantoot, are among the heat-sensitive Acropora species. Photo: John Burt
    Table coral, such as the kind seen on the top left in Ghantoot, are among the heat-sensitive Acropora species. Photo: John Burt
  • Researchers from NYU Abu Dhabi are looking for clues that could one day help coral reefs around the world survive the onslaught of global warming. Photo: John Burt
    Researchers from NYU Abu Dhabi are looking for clues that could one day help coral reefs around the world survive the onslaught of global warming. Photo: John Burt
  • John Burt using a pneumatic drill to install coral monitoring equipment on the sea-bottom at Ras Ghanada reef in Ghantoot, UAE. Photo: John Burt
    John Burt using a pneumatic drill to install coral monitoring equipment on the sea-bottom at Ras Ghanada reef in Ghantoot, UAE. Photo: John Burt
  • A scientist collects samples from a coral reef in Abu Dhabi, which scientists say have suffered a 'catastrophic event' because of warming waters. Photo: John Burt
    A scientist collects samples from a coral reef in Abu Dhabi, which scientists say have suffered a 'catastrophic event' because of warming waters. Photo: John Burt
  • In 2017, John Burt, associate professor of biology at NYU Abu Dhabi calculated that 73 per cent of corals across all of the southern Gulf were lost. Reem Mohammed / The National
    In 2017, John Burt, associate professor of biology at NYU Abu Dhabi calculated that 73 per cent of corals across all of the southern Gulf were lost. Reem Mohammed / The National
  • John Burt studied the corals from the Gulf waters for the far-reaching global report on warming waters and their affect on coral reefs. Reem Mohammed / The National
    John Burt studied the corals from the Gulf waters for the far-reaching global report on warming waters and their affect on coral reefs. Reem Mohammed / The National
  • High sea temperatures cause coral to bleach and die. Reem Mohammed / The National
    High sea temperatures cause coral to bleach and die. Reem Mohammed / The National

UAE team wins $1m funding for climate-boosting corals plan


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UAE climate researchers have secured a $1 million funding boost to support vital efforts to protect coral reefs against the impact of surging ocean temperatures.

The key investment will enable the Mubadala Arabian Centre for Climate and Environmental Sciences, based at New York University Abu Dhabi, to carry out two years of work on a marine project focused on ensuring corals can continue to thrive in challenging waters.

The grant was provided by Dalio Philanthropies, a charitable organisation with a long-standing interest in protecting the world's oceans.

The two-year project, led by Dr John Burt, NYUAD's associate professor of biology, will explore selection and crossbreeding of heat-resistant corals in the Arabian Gulf with heat-sensitive corals found elsewhere to produce corals that can better withstand climate change.

Corals are a crucial part of nature's ecosystem, offering shoreline protection and providing habitat for marine life.

As waters warm and ocean chemistry changes due to increased carbon dioxide levels, corals around the world are experiencing more frequent bleaching and loss.

However, corals in the Arabian Gulf have proved to be able to survive at significantly higher temperatures.

In initial experiments, Dr Burt’s team found that crossbreeding UAE corals with Indian Ocean corals could lead to an 84 per cent higher heat tolerance in hybrid offspring.

The partnership will also open the door for future collaboration with global ocean exploration non-profit OceanX, an operating programme of Dalio Philanthropies.

“The research we have initiated in collaboration with Dalio Philanthropies is of immense significance, not only for the UAE and the regional biodiversity, but also for the world,” said Dr Burt.

“This year, global sea temperatures hit record levels, which adds even more urgency to the discussions taking place during Cop28 towards reductions in carbon emissions.

“We are presented with an amazing opportunity to help protect nature, our greatest ally, in all its diversity in order to combat the challenges of climate change. Preserving the richness of ocean biodiversity is an investment in the future of our planet and all life that depends on it.”

Navigating the climate crisis

Mark Dalio, founder of OceanX, underlined the need to preserve the world's natural resources against the backdrop of a growing climate crisis.

“OceanX is excited to collaborate with Dr Burt and NYUAD on research in the UAE that will have far-reaching implications for coral restoration and understanding of climate effects,” he said.

“At OceanX, we believe educating the public about the ocean is necessary to ensure the future health and sustainability of our planet; it is impossible to protect what we do not know.

“Partnering with this world-class educational institution and its global student body will allow us to conduct critical ocean research, further innovative educational projects and increase ocean literacy worldwide.”

The agreement coincides with the arrival of a state-of-the-art OceanX exploration ship at Dubai Harbour.

The 87-metre vessel is currently in the emirate to coincide with the hosting of the Cop28 climate change conference.

Its latest mission is to unravel the mysteries of the region's underwater ecosystems, ultimately helping to provide a better understanding of the global impact of climate change.

It will be will be venturing into local deep-sea coral reefs, studying microbes with extraordinary adaptations and observing elusive marine mammals.

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

RACE CARD

6.30pm Maiden (TB) Dh82.500 (Dirt) 1,400m

7.05pm Handicap (TB) Dh87,500 (D) 1,400m

7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m

8.15pm Handicap (TB) Dh105,000 (D) 1,900m

8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m

9.25pm Dubai Trophy (TB) Conditions Dh183,650 (T) 1,200m

10pm Handicap (TB) Dh102,500 (T) 1,400m

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Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

It's up to you to go green

Nils El Accad, chief executive and owner of Organic Foods and Café, says going green is about “lifestyle and attitude” rather than a “money change”; people need to plan ahead to fill water bottles in advance and take their own bags to the supermarket, he says.

“People always want someone else to do the work; it doesn’t work like that,” he adds. “The first step: you have to consciously make that decision and change.”

When he gets a takeaway, says Mr El Accad, he takes his own glass jars instead of accepting disposable aluminium containers, paper napkins and plastic tubs, cutlery and bags from restaurants.

He also plants his own crops and herbs at home and at the Sheikh Zayed store, from basil and rosemary to beans, squashes and papayas. “If you’re going to water anything, better it be tomatoes and cucumbers, something edible, than grass,” he says.

“All this throwaway plastic - cups, bottles, forks - has to go first,” says Mr El Accad, who has banned all disposable straws, whether plastic or even paper, from the café chain.

One of the latest changes he has implemented at his stores is to offer refills of liquid laundry detergent, to save plastic. The two brands Organic Foods stocks, Organic Larder and Sonnett, are both “triple-certified - you could eat the product”.  

The Organic Larder detergent will soon be delivered in 200-litre metal oil drums before being decanted into 20-litre containers in-store.

Customers can refill their bottles at least 30 times before they start to degrade, he says. Organic Larder costs Dh35.75 for one litre and Dh62 for 2.75 litres and refills will cost 15 to 20 per cent less, Mr El Accad says.

But while there are savings to be had, going green tends to come with upfront costs and extra work and planning. Are we ready to refill bottles rather than throw them away? “You have to change,” says Mr El Accad. “I can only make it available.”

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

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.”

WISH
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Updated: December 12, 2023, 11:36 AM