Follow the latest news on the earthquake in Turkey and Syria
A woman has been found alive buried under rubble 203 hours after an earthquake hit Turkey and Syria, with the death toll up to 37,000.
Rescue operations resumed on Tuesday in Turkey in the hope of finding survivors on the eighth day since the 7.8-magnitude quake hit the region.
It remains to be seen how high the death toll could climb after Turkey's Urbanisation Minister Murat Kurum said 42,000 buildings had either collapsed, were in urgent need of demolition or were severely damaged across 10 cities.
Damage in Syria is harder to assess, due to the patchwork of groups in control of affected areas, but on Tuesday the first UN teams reached the rebel-held northern city of Sarmada. The World Food Programme reached the area largely for an "assessment" mission, an official from the organisation said.
An ad hoc coalition of countries and aid agencies has begun delivering supplies to the hard-hit regions of northern Syria, where four million aid-dependent people reside, after the Syrian government allowed aid to pass through more than one border crossing.
It was announced on Monday that rescue operations in both Turkey and Syria would cease this week. Experts say the chance of finding survivors in rubble more than six days after an earthquake is extremely low and is almost zero at nine days.
And yet, on Tuesday morning in Hatay, Turkish media outlet TRT World reported that a woman had been rescued from under rubble after 203 hours, an incredible feat of survival.
Many children and adults have been rescued by domestic and international teams sent to assist Turkey in overcoming the devastation that spread 500 kilometres across after the earthquake struck the south of the country.
A Hungarian rescuer recalled late on Monday pulling a 17-year-old girl in Turkey trapped beneath rubble almost four days after last week's quake.
The task seemed almost impossible for 26-year-old Viktor Holczer, a Hungarian IT expert, who is part of the Hungarian team of Caritas Hungary and Budapest Rescue Service.
The girl, named Asya, was trapped under a collapsed apartment block in the Turkish town of Kahramanmaras.
Locals had told the rescuers that someone was trapped after which they searched through the rubble and heard a voice shouting for help.
Israeli rescuers helped the Hungarians with specialist equipment, which helped to detect where the girl was trapped.
It took about eight hours to lift her out on a stretcher, after rescuers had dug a narrow channel under the rubble.
"At each and every step, our heartbeat quickened as we felt we were one step closer to finally reaching her," Mr Holczer said in an interview with Reuters, on the team's arrival home at Budapest's international airport.
"We finally saw her hand. And it took another 15 minutes to get within an arm's reach from her, and then I stretched out and managed to grab her hand."
On Monday, rescuers pulled a six-year-old girl from the rubble of a collapsed building in Antakya, one of the worst-hit cities.
The rescue of the girl, identified as Miray, 178 hours after the disaster struck a week ago, is considered extraordinary because the chances of finding survivors drops every 24 hours, experts say. Footage of the rescue was posted on Twitter by Turkey's defence ministry.
She was one of two found alive under rubble in Antakya after a joint team from Turkey and Oman rescued a woman identified as Serap Donmez, the TRT channel reported.
Rescue teams were still trying to find her sister and relatives.
Teams in southern Turkey's Hatay province cheered and clapped when a 13-year-old boy identified only by his first name, Kaan, was pulled from the rubble.
In Gaziantep province, rescue workers, including coal miners who secured tunnels with wooden supports, found a woman alive in the wreckage of a five-storey building.
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Director: Joseph Kosinski
Rating: 4/5
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
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Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
The five pillars of Islam
1. Fasting
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3. Hajj
4. Shahada
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LILO & STITCH
Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
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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.”
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
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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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
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Sholto Byrnes on Myanmar politics
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Name: Lamsa
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Generation Start-up: Awok company profile
Started: 2013
Founder: Ulugbek Yuldashev
Sector: e-commerce
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Principal Investors: self-financed by founder
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
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- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
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- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
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