The crystal clear turquoise water along the coral beach of the  resort on Panasesa Island in the Conflict Group of Islands of the Mine Bay Provence, Papua New Guinea. Photo: Antonie Robertson / The National
The crystal clear turquoise water along the coral beach of the resort on Panasesa Island in the Conflict Group of Islands of the Mine Bay Provence, Papua New Guinea. Photo: Antonie Robertson / The NaShow more

Papua New Guinea: conflict of interest



I mean, the resort doesn’t have an infinity pool,” says Ian Gowrie-Smith, with a wide gesture of his hands outside the window, “but we have the world’s biggest infinity pool right here.” And as the owner of the Conflict Islands Group, he has much to be happy about. Currently I find myself situated at 10° 46’0’S, 151° 47’0’E and swaying to and fro on a privately chartered boat moored within the lagoon of the Conflict Islands atoll. Consisting of 21 untouched coral islands, the atoll is situated in the Louisiade Archipelago of the Milne Bay province in Papua New Guinea. A two-­hour, privately chartered plane ride from the provincial capital of Alotau, it’s the epitome of remoteness, at the edge of the Pacific, and any intrepid travel junkie’s dream. My host for this trip is the energetic Gowrie-Smith himself,­ a man who has big dreams for this peacefully remote part of the Pacific, where time has stood still. The Conflict Islands Group is among more than 600 islands located in a province that boasts over 10,000 square metres of reef.

Covering 375 hectares, the Conflicts are one-and-a-half times the size of Monaco. Encircled by the temperate waters of the Coral Sea, they boast some of the most extensive underwater biodiversity in the world. The lagoon that sits at the centre of the atoll is about 22 kilometres in length and 10 kilometres in width. It’s a concept that I find hard to grasp, as my perception is blurred by water and sky merging into a perfectly spectacular blue horizon, decipherable only by the clouds billowing up from the ever-expanding vista around me.

I learn from our host that these islands were named after the HMS Conflict, which discovered the atoll in 1866, and that they’ve mostly stayed uninhabited. That is until the recent development of Panasesa Island by Gowrie-Smith. It now boasts a very exclusive resort, along with its own landing strip for short charter flights from Alotau or the capital, Port Moresby. And he’s hoping for more to come. Plans are in motion to develop the islands along a very conservative route. With hand-picked and like-minded investors (whole islands are available to buy from US$4 million; Dh14.7m), he’s hoping to plot a course that will see this very unique part of the world protected, creating a sustainable island paradise that balances human and environmental needs not just above the water but below it, too. As we make our way ashore on a small motorboat, we’re gliding atop translucent water, mimicking the liberating sensation of flight. The only elements that ground us are the glimpses of reef fish and corals slipping past our wake, all of them begging exploration. The superb visibility in the protected shallows bodes well for our upcoming scuba dives.

Pulling onto the shore, my mind’s eye is filled with images of new-world explorers, island dwellers and stories of old. They swim through my thoughts as I lightly launch myself over the edge of the boat into the shallow surf. The cool seawater comes as a welcome reprieve from the rising midmorning heat. As I walk ashore, into the shaded respite of palm trees, I’m handed a chilled coconut with a straw. There’s nothing quite like locally ­grown, organic, tasty electrolyte replenishment to welcome one’s arrival in paradise.

I take a stroll along one of the cleared pathways that cross Panasesa Island. The jungle­-like interior is thick with overgrown trees and shrubs. Creepers fill the gaps and climb skywards, barricading the sunlight like a big green carpet. Here and there, beams of sunlight find their way through gaps in the canopy and glisten as they light the coral sand path that I’m walking along. There isn’t a soul in sight.

I round a corner and a perfect coral beach emerges. The ever-present Pacific clouds pass along the horizon, reminiscent of visuals straight out of a Terrence Malick script. Seduced by the beauty around me, I take my time before deciding that I’d like to discover some more. A highly recommended exploration tip is to head out along the beach and walk the full circumference of the island. If you pass the landing strip, be sure to take a picture of the makeshift terminal building. It’s perfectly suited to the island’s needs.

Coastal water temperatures range between 26­°C to 28°C all year ­round; this, combined with the rich underwater life, produces a diver’s paradise. An easy endeavour is to explore the well-­known dive sites or, alternatively, you could head off to the more remote parts of the atoll, where you could possibly be the first diver in history to enter those waters. The options are limitless –­ they solely depend on how far you’re willing to travel by boat to get to the sites.

Sinking beneath the water, I’m instantly faced with some of the most extensive marine biodiversity on the planet. I’m told that previous dives have heralded counts of more than 430 species of coral, 950 species of invertebrates and 1,100 species of fish, many of which are found nowhere else. Reef and shore fish flourish. Tiny ghost pipefish, gobies, trevallies, boxfish, angelfish, parrotfish, coral trout, schools of barracuda, reef sharks and even giant manta rays, killers whales and hammerhead sharks all call these waters home. The most popular dive sites are located along the reef drop-off. It’s an easy excursion, as the current carries our dive group past the expanse of underwater marvels worthy of the Discovery Channel.

For novice and experienced divers alike, the Conflict Islands represent one of the last options to experience untouched diving, a rarity these days for even the most experienced diver. For those less inclined to dive, Nomad Sport Fishing has exclusive access to the Conflict Islands for six weeks of the year. There’s a maximum allowance of 48 visitors per year over these six weeks. Fishing is not permitted during the rest of the calendar, therefore it promises to be one of the most sought-after fishing spots in the world. Nomad’s packages include being stationed at the lodge and offer a variety of options based on individual needs and preferences. Other activities include snorkelling, kayaking, sailing and birdwatching. Be mindful to keep an eye out for ospreys, also known as sea hawks – magnificent fish-­eating birds of prey that can be spotted gliding along the shoreline looking for their next catch.

The resort itself has a range of facilities that include a club house with spacious dining and lounge facilities and, unfortunately, very reliable internet access for those who just can’t bear to be away from technology for too long.

I’m given one of the six air-­conditioned beachfront bungalows, featuring modern luxuries with en­ suites. It’s a perfect little spartan reprieve for a good night’s rest before the next day’s activities. Make the effort and rise well before sunrise. Walking through the previous day’s explored paths gives a completely new experience of the jungle-canopy trails that lead across the island. Arrive before sunrise at one of the many secluded beaches to watch a spectacular tropical sunrise.

All meals are prepared by a dedicated chef based at the lodge. From à la carte to buffet style, the options are not limited. Guests are welcome to enjoy a variety of local creations from the island’s vegetable garden or offerings sourced from nearby. Freshly caught yellowfin tuna sushi was the favourite meal of my stay (locations for each meal can be tailored to whim – you can choose to dine from the comfort of your own bungalow veranda or even the shores of a deserted island nearby with a sunset meal for two – bonfire included).

The price of being at the edge of the planet watching the sun set over the world’s biggest infinity pool starts at US$5,000 (Dh18,365) per person for a minimum seven-night stay. But if you’re jaded by the usual marketing ploy of empty, plastic­-free beach imagery used to sell equatorial island beach resorts, only to arrive and discover that you weren’t the only one, then this is the destination for you.

arobertson@thenational.ae

Match info

Uefa Champions League Group F

Manchester City v Hoffenheim, midnight (Wednesday, UAE)

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Volunteers offer workers a lifeline

Community volunteers have swung into action delivering food packages and toiletries to the men.

When provisions are distributed, the men line up in long queues for packets of rice, flour, sugar, salt, pulses, milk, biscuits, shaving kits, soap and telecom cards.

Volunteers from St Mary’s Catholic Church said some workers came to the church to pray for their families and ask for assistance.

Boxes packed with essential food items were distributed to workers in the Dubai Investments Park and Ras Al Khaimah camps last week. Workers at the Sonapur camp asked for Dh1,600 towards their gas bill.

“Especially in this year of tolerance we consider ourselves privileged to be able to lend a helping hand to our needy brothers in the Actco camp," Father Lennie Connully, parish priest of St Mary’s.

Workers spoke of their helplessness, seeing children’s marriages cancelled because of lack of money going home. Others told of their misery of being unable to return home when a parent died.

“More than daily food, they are worried about not sending money home for their family,” said Kusum Dutta, a volunteer who works with the Indian consulate.

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
RESULT

Copa del Rey, semi-final second leg

Real Madrid 0
Barcelona 3 (Suarez (50', 73' pen), Varane (69' OG)

Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

RESULT

Kolkata Knight Riders 169-7 (20 ovs)
Rajasthan Royals 144-4 (20 ovs)

Kolkata win by 25 runs

Next match

Sunrisers Hyderabad v Kolkata Knight Riders, Friday, 5.30pm

RESULTS FOR STAGE 4

Stage 4 Dubai to Hatta, 197 km, Road race.

Overall leader Primoz Roglic SLO (Team Jumbo - Visma)

Stage winners: 1. Caleb Ewan AUS (Lotto - Soudal) 2. Matteo Moschetti ITA (Trek - Segafredo) 3. Primoz Roglic SLO (Team Jumbo - Visma)

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

Smart words at Make Smart Cool

Make Smart Cool is not your usual festival. Dubbed “edutainment” by organisers Najahi Events, Make Smart Cool aims to inspire its youthful target audience through a mix of interactive presentation by social media influencers and a concert finale featuring Example with DJ Wire. Here are some of the speakers sharing their inspiration and experiences on the night.
Prince Ea
With his social media videos accumulating more half a billion views, the American motivational speaker is hot on the college circuit in the US, with talks that focus on the many ways to generate passion and motivation when it comes to learning.
Khalid Al Ameri
The Emirati columnist and presenter is much loved by local youth, with writings and presentations about education, entrepreneurship and family balance. His lectures on career and personal development are sought after by the education and business sector.
Ben Ouattara
Born to an Ivorian father and German mother, the Dubai-based fitness instructor and motivational speaker is all about conquering fears and insecurities. His talk focuses on the need to gain emotional and physical fitness when facing life’s challenges. As well managing his film production company, Ouattara is one of the official ambassadors of Dubai Expo2020.

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

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.”

LA LIGA FIXTURES

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
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Rating: 2.5/5

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