Environmentalists and civil society activists in Tunisia have hailed the return of waste illegally imported from Italy after a public campaign that gained momentum nationwide over the past year.
A private company brought in the household rubbish under the false claim that it was plastic scrap that would be recycled in accordance with environmental regulations.
“We just want to draw the public attention to the fact that credit should all go to investigative Tunisian journalists and an effective campaign by MP Majdi Karbai, who discovered the harmful cargo and campaigned to send back the rubbish to its country of origin,” Radia Al Wihishi, head of the non-governmental organisation Tunisie Ecologie, told The National.
Tunisia's Ministry of Environment said 213 containers of household waste were loaded on to a ship in the port city of Sousse on Saturday before it set sail for the Italian harbour of Salerno.
The ship is owned by the Turkish container group Arkas and rented by Italy, which signed an agreement with Tunisia last week to take back the rubbish.
“If it had not been discovered, this waste could have been burnt and emitted methane into the air, a greenhouse gas that is far more polluting than carbon dioxide,” said Mrs Al Wihishi.
The Ministry of Environment said in a statement on its Facebook page that the return of the waste was part of the North African country’s fight against corruption and a waste management strategy that helped address the crisis of global warming.
It said legal action has been already taken against government and company officials suspected to have taken part in the scandal.
Investigations revealed that the company signed a deal worth €5 million ($5.66m) to dispose of up to 120,000 tonnes of waste.
Some 26 people are being prosecuted over their alleged involvement in what is described in local media as the “Italian waste scandal".
They include former environment minister Mustapha Aroui, who has been arrested. The manager of the import firm is still at large.
The arrests followed months of a judicial investigation that started in November 2020 after Tunisian investigative journalist Hamdi Ben Salah posted on his Facebook page what he described as evidence of hazardous waste imported from Italy and stored at the Sousse port.
He presented the authorities with documents and footage he obtained from a whistle-blower at the port.
Landfilling Tunisia
The investigation was spurred by a campaign championed by Mr Karbai, who represented Tunisians in Italy in parliament before it was suspended by President Kais Saied last July.
Mr Saied also sacked the government in a move seen by his critics as power grab that undermined attempts to establish democracy and rule of law after the toppling of autocrat Zine El Abidine Ben Ali in 2011.
Mr Karbai accused Italy of turning his country into a landfill site by exporting its household waste. Importing such waste is barred under Tunisian law.
He said European countries were seeking the cheapest option to get rid of their household waste by turning developing countries like Tunisia into dumping grounds.
His campaign gained the support of civil society and environmentalists.
Mr Karbai was not available to comment for this report. Last week, he shared on his public Facebook page a copy of the agreement signed by the Tunisian government and the Campania region in southern Italy, saying: “This is a victory for the people of our beloved Tunisia.”
In an interview with the Tunisian Shams radio channel last week, Mr Karbai ruled out the Tunisian government suing Italy for the environmental damage caused by the burning of some of the waste.
“If the Tunisian government had wanted to sue Italy, it could have done so long time ago,” he said.
The case highlights the environmental hazard posed to developing countries — mainly in Africa — from accepting waste that cannot be recycled.
Environmentalists say such imported rubbish can include dangerous liquids and medical waste and cause environmental and health issues as toxic gases are released in the air.
Tunisia is trying to clean up and formalise its waste disposal system as part of its strategy to reduce its greenhouse emissions and carbon footprint by 13 per cent by 2030.
ARGENTINA SQUAD
Goalkeepers: Franco Armani, Agustin Marchesin, Esteban Andrada
Defenders: Juan Foyth, Nicolas Otamendi, German Pezzella, Nicolas Tagliafico, Ramiro Funes Mori, Renzo Saravia, Marcos Acuna, Milton Casco
Midfielders: Leandro Paredes, Guido Rodriguez, Giovani Lo Celso, Exequiel Palacios, Roberto Pereyra, Rodrigo De Paul, Angel Di Maria
Forwards: Lionel Messi, Sergio Aguero, Lautaro Martinez, Paulo Dybala, Matias Suarez
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
At a glance
Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free
Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland
UAE squad Rohan Mustafa (c), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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.”
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
The%C2%A0specs%20
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MATCH INFO
Rugby World Cup (all times UAE)
Third-place play-off: New Zealand v Wales, Friday, 1pm
Killing of Qassem Suleimani
Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
COMPANY%20PROFILE%20
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Racecard
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A list of the animal rescue organisations in the UAE
Diriyah%20project%20at%20a%20glance
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All%20The%20Light%20We%20Cannot%20See%20
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Indoor Cricket World Cup Dubai 2017
Venue Insportz, Dubai; Admission Free
Day 1 fixtures (Saturday)
Men 1.45pm, Malaysia v Australia (Court 1); Singapore v India (Court 2); UAE v New Zealand (Court 3); South Africa v Sri Lanka (Court 4)
Women Noon, New Zealand v South Africa (Court 3); England v UAE (Court 4); 5.15pm, Australia v UAE (Court 3); England v New Zealand (Court 4)