• People move through a waterlogged street during rainfall in Kolkata following the landfall of Cyclone Remal in India's West Bengal state. AFP
    People move through a waterlogged street during rainfall in Kolkata following the landfall of Cyclone Remal in India's West Bengal state. AFP
  • An Indian boy inspects a damaged car in Kolkata after Cyclone Remal made landfall on Sunday. EPA
    An Indian boy inspects a damaged car in Kolkata after Cyclone Remal made landfall on Sunday. EPA
  • Stranded passengers await transport in Kolkata. Millions of people in the city have been left without electricity amid heavy rain. AP
    Stranded passengers await transport in Kolkata. Millions of people in the city have been left without electricity amid heavy rain. AP
  • India's National Disaster Response Force members remove tree branches off the roof of a house in West Bengal state. AP
    India's National Disaster Response Force members remove tree branches off the roof of a house in West Bengal state. AP
  • Cylone Remal was considered a severe cyclonic storm when it made landfall, with winds of up to 135kph, the Indian Meteorological Department said. AFP
    Cylone Remal was considered a severe cyclonic storm when it made landfall, with winds of up to 135kph, the Indian Meteorological Department said. AFP
  • A man walks with a net as people fish at the shrimp and crab farms that are flooded due to heavy rain amid Cyclone Remal. Reuters
    A man walks with a net as people fish at the shrimp and crab farms that are flooded due to heavy rain amid Cyclone Remal. Reuters
  • The cyclone, named after the Arabic word for sand, made landfall on Sunday at about 8.30pm, about 100km from Kolkata in the eastern state of West Bengal, and Khepupara in southern Bangladesh. AFP
    The cyclone, named after the Arabic word for sand, made landfall on Sunday at about 8.30pm, about 100km from Kolkata in the eastern state of West Bengal, and Khepupara in southern Bangladesh. AFP
  • An uprooted tree in Kolkata after Cyclone Rema. The city's Mayor Firhad Hakim said 56 trees were uprooted after the cyclone made landfall. AFP
    An uprooted tree in Kolkata after Cyclone Rema. The city's Mayor Firhad Hakim said 56 trees were uprooted after the cyclone made landfall. AFP
  • The Hooghly River was choppy as rain continued after cyclone Remal made landfall. AP
    The Hooghly River was choppy as rain continued after cyclone Remal made landfall. AP
  • Vehicles move through a waterlogged street in Kolkata. Flights resumed at the city's airport on Monday after 20 hours, but train services are still disrupted AP
    Vehicles move through a waterlogged street in Kolkata. Flights resumed at the city's airport on Monday after 20 hours, but train services are still disrupted AP

At least 16 killed as Cyclone Remal ravages India and Bangladesh


Taniya Dutta
  • English
  • Arabic

At least 16 people were killed in India and Bangladesh as Cyclone Remal left a trail of destruction in coastal areas.

The cyclone, named after the Arabic word for sand, made landfall on Sunday at about 8.30pm between India's Sagar Island, about 100km from Kolkata in the eastern state of West Bengal, and Khepupara in southern Bangladesh.

It was considered a severe cyclonic storm when it made landfall powered by winds of up to 135kph, the Indian Meteorological Department said. But weakened in the early hours of Monday to become a cyclonic storm. It is moving north across West Bengal and Bangladesh.

The cyclone travelled across the Bay of Bengal late last week, prompting authorities in India and Bangladesh to tell hundreds of thousands of people to evacuate. Torrential rain flooded homes and farmlands in low-lying areas and fragile structures were flattened.

Trees and electricity poles were uprooted, causing major disruption in West Bengal.

A home destroyed by Cyclone Remal in Bagladesh. Hundreds of thousands of people have evacuated. AFP
A home destroyed by Cyclone Remal in Bagladesh. Hundreds of thousands of people have evacuated. AFP

Kolkata Mayor Firhad Hakim said 56 trees were uprooted in the city and were being cleared from the roads by the National Disaster Response Force. A man, 51, was killed when a brick wall collapsed and a woman died when a tree fell on her, Indian media reported.

Authorities in West Bengal sent volunteers and army staff to assist with clean-up efforts and distribute food and water to displaced families.

Flights resumed at Kolkata airport on Monday after 20 hours, but train services are still disrupted in the state. "Remal has made great damage in most parts of West Bengal," said Kaushik Mitra, chief public relations officer at Eastern Railways.

"We have faced some problems in certain divisions and restoration work is in full swing. Trees have fallen on the tracks due to which we have cancelled train services for six to eight hours."

Trees in coastal areas of Bangladesh have been uprooted by the cyclone. Reuters
Trees in coastal areas of Bangladesh have been uprooted by the cyclone. Reuters

Authorities in the states of Assam, Meghalaya, Tripura, Manipur and Mizoram were also on alert, with precautionary measures in place to mitigate the effects of the cyclone.

In Bangladesh, two people were killed after the storm made landfall, Kamrul Hasan, secretary of the country's disaster management authority, told AFP.

Five deaths were reported on Monday morning in coastal districts.

Authorities in Bangladesh raised the danger level to 10 – the highest level – at the ports of Mongla and Payra. About two million people live in storm-affected areas of the country, the Bangladesh Rural Advancement Committee said.

The disaster management authority ordered people to evacuate their homes. Authorities set up more than 7,000 shelters for 800,000 people from vulnerable districts and sent 78,000 volunteers to assist.

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

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Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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The specs
Engine: 4.0-litre flat-six
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Brief scores:

Scotland 371-5, 50 overs (C MacLeod 140 no, K Coetzer 58, G Munsey 55)

England 365 all out, 48.5 overs (J Bairstow 105, A Hales 52; M Watt 3-55)

Result: Scotland won by six runs

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

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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.”

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 VAT and Dh166,464 VAT 

On sale: now

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

 

 

Updated: May 28, 2024, 9:54 AM