To the naked eye, the delicate velvet roses in south-eastern Turkey appear black and can overwhelm the senses with their irresistible sweet smell.
The rosebuds are just as dark, and when fully developed, the flower takes on the colour of an intensely rich red wine.
These black roses — known as “Karagul” in Turkish — and thornier than others, are said to only grow in the town of Halfeti which has soil with distinctive features, including a special PH level.
The unique colour cannot be preserved elsewhere, experts say.
Now Halfeti's residents want to transform the rose into a brand since Turkey's rose sector is a blooming business.
The industry is currently dominated by the western province of Isparta, known as Turkey's “rose garden”.
Today, Turkey and Bulgaria account for about 80 per cent of the world's rose oil production.
Halfeti resident Devrim Tutus, 28, has seen business flourish. After coming up with a business plan to promote the black roses, he now supplies Istanbul with petals for colognes, Turkish delight and ice cream.
Demand is already outgrowing supply.
That doesn't stop Tutus who already has his next plan: Karagul wine.
“There's a huge market out there in Istanbul. It's all about Isparta roses. Why not the same here?” he says.
Roses rescued
The black rose's fortunes were not always so sweet.
It once aroused only indifference among residents, said a local official in charge of preserving the roses.
“They were everywhere in the gardens but nobody paid attention to them,” said his friend, who just gave his name as Bulent.
“Locals had no idea the roses were unique. We transported some to higher ground and started production in greenhouses,” said the official, who did not wish to be named.
In upper Halfeti, one greenhouse operated by the town's agriculture department is home to 1,000 roses.
But the town's residents rallied to rescue the rose after a dam on the Euphrates River flooded the region in the early 2000s, threatening to bury the flower like dozens of archaeological sites from ancient Mesopotamia.
The construction of the Birecik dam in 2000 was part of a series of controversial development projects in south-east Turkey.
Today, 20 variants of black roses have been identified worldwide — including 16 in Turkey, said botanist Ali Ikinci.
“Karagul is not an endemic species in Halfeti,” said Ikinci, a professor at Harran University in Sanliurfa province.
“But the particular ecology, climate and soil cause it to bloom darker there. If you plant that rose somewhere else, it won't be as dark or black.”
A French connection?
The professor insisted Halfeti's rose is “unique”.
The colour of the rose darkens, becoming more black and the scent is stronger as one moves from Sanliurfa — where Halfeti is — towards Syria, which is 60 kilometres to the south, Ikinci said.
The Halfeti official explained the rose blossoms on higher ground because the soil close to the dam is more acidic because of the Euphrates' waters.
Ikinci believes the origins of Karagul could be the Louis XIV black rose, grown in France in 1859 and named after the French king.
But for Frederic Achille, deputy director of the Botanical Gardens of the Museum of Natural History in Paris, it's much ado about nothing.
“The 'Louis XIV' could really be transformed by the waters of the Euphrates … and bogus communication,” he said with a smile.
Green rose
Halfeti is also home to the peculiar green rose that has the appearance of a weed.
“It remains mysterious. Some locals had it in their gardens. But because it's odourless, it failed to attract attention,” Ikinci said.
Achille was more blunt, saying: “It's quite ugly.”
The green flower was “just a curiosity in rose gardens” after it was introduced in Europe in 1856 by British nurseries, he added.
But that won't stop Halfeti trying to take advantage of its hidden treasures.
By the shores of the dam, a few amateur gardeners promote the black rose to tourists alongside boat tours to see the caves, now underwater.
Match info
Manchester United 1
Fred (18')
Wolves 1
Moutinho (53')
Squads
Australia: Finch (c), Agar, Behrendorff, Carey, Coulter-Nile, Lynn, McDermott, Maxwell, Short, Stanlake, Stoinis, Tye, Zampa
India: Kohli (c), Khaleel, Bumrah, Chahal, Dhawan, Shreyas, Karthik, Kuldeep, Bhuvneshwar, Pandey, Krunal, Pant, Rahul, Sundar, Umesh
Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
The past Palme d'Or winners
2018 Shoplifters, Hirokazu Kore-eda
2017 The Square, Ruben Ostlund
2016 I, Daniel Blake, Ken Loach
2015 Dheepan, Jacques Audiard
2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan
2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux
2012 Amour, Michael Haneke
2011 The Tree of Life, Terrence Malick
2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul
2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke
2008 The Class (Entre les murs), Laurent Cantet
How they line up for Sunday's Australian Grand Prix
1 Lewis Hamilton, Mercedes
2 Kimi Raikkonen, Ferrari
3 Sebastian Vettel, Ferrari
4 Max Verstappen, Red Bull
5 Kevin Magnussen, Haas
6 Romain Grosjean, Haas
7 Nico Hulkenberg, Renault
*8 Daniel Ricciardo, Red Bull
9 Carlos Sainz, Renault
10 Valtteri Bottas, Mercedes
11 Fernando Alonso, McLaren
12 Stoffel Vandoorne, McLaren
13 Sergio Perez, Force India
14 Lance Stroll, Williams
15 Esteban Ocon, Force India
16 Brendon Hartley, Toro Rosso
17 Marcus Ericsson, Sauber
18 Charles Leclerc, Sauber
19 Sergey Sirotkin, Williams
20 Pierre Gasly, Toro Rosso
* Daniel Ricciardo qualified fifth but had a three-place grid penalty for speeding in red flag conditions during practice
UAE squad to face Ireland
Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind
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.”
Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding
Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.
Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.
Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.
For more details, email openminds@cultures.ae or visit www.cultures.ae
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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