UAE weather live: Emirates hit by severe storms
The UAE’s weather bureau has said no cloud seeding missions took place during Tuesday’s torrential rain.
A representative for the National Centre of Meteorology confirmed to The National on Wednesday that its seeding planes had not approached the storm that saw waves of heavy rain inundating areas of the country.
Many people took to social media to speculate that the country’s cloud seeding programme – a process that attempts to coax more rain from a cloud – was responsible for the deluge.
“The NCM didn't conduct any seeding operations during this event,” it said in a statement.
We take the safety of our people, pilots and aircraft very seriously
The National Centre of Meteorology
“One of the basic principles of cloud seeding is that you have to target clouds in its early stage before it rains. If you have a severe thunderstorm situation then it is too late to conduct any seeding operation.
“We take the safety of our people, pilots and aircraft very seriously. NCM doesn't conduct cloud seeding operations during extreme weather events.”
Some reports on Tuesday attributed comments to an NCM forecaster stating seeding had taken place.
However, the bureau said planes had been in the air in the days running up to the storm but they had only “taken samples” and had not been seeding clouds.
The NCM oversees the seeding programme and has previously stated several times that it is too dangerous to use seeding planes during severe weather.
It has also previously stated that, during bouts of unsettled weather when seeding does take place, the process would not create thunderstorms.
“Some say we are responsible for storms. We are not responsible for this,” an NCM forecaster previously told The National.
“Aircraft do not go inside storm clouds if they are strong or dangerous,” the forecaster said. “All we do is try to strengthen some clouds.”
The NCM, meanwhile, had warned from the weekend of unstable conditions that were expected to persist until Wednesday. It had predicted the worst of the weather to hit on Monday and Tuesday.
A forecaster told The National on Wednesday that ferocious rains that hit the country were caused by a warm and humid air mass from the Arabian Sea that met a cold air mass from the north-west.
“This makes for instability,” the forecaster said. “And this caused towering convective clouds over the UAE starting in the west and moving gradually to Abu Dhabi, Al Ain and then north.”
The rains came in waves over the country, hitting a torrential peak on Tuesday that brought chaos to parts of the UAE, flooding homes, submerging cars, stranding residents and delaying flights.
The country has been lashed by more rain since Sunday than it would expect to receive over several decades, official figures reveal.
The last of the rain only finished on Wednesday but the system is now moving east.
“The country is set to experience more stable weather from tonight,” the forecaster said.
“It was a very strong episode. I had not seen this type of occurrence in a long time.”
The UAE’s cloud-seeding programme started in the 1990s and is based in Al Ain.
When experts see a cloud that is suitable, a small plane is dispatched from Al Ain to “seed” the cloud, typically with salt flares that naturally attract water.
The aim is to enhance rain, not to create it. It is hard to quantify exactly how much rain falls as a result of the process.
The NCM, which overseas the operation, has said more research is needed to determine its true impact.
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
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T20 WORLD CUP QUALIFIERS
Qualifier A, Muscat
(All matches to be streamed live on icc.tv)
Fixtures
Friday, February 18: 10am Oman v Nepal, Canada v Philippines; 2pm Ireland v UAE, Germany v Bahrain
Saturday, February 19: 10am Oman v Canada, Nepal v Philippines; 2pm UAE v Germany, Ireland v Bahrain
Monday, February 21: 10am Ireland v Germany, UAE v Bahrain; 2pm Nepal v Canada, Oman v Philippines
Tuesday, February 22: 2pm Semi-finals
Thursday, February 24: 2pm Final
UAE squad:Ahmed Raza(captain), Muhammad Waseem, Chirag Suri, Vriitya Aravind, Rohan Mustafa, Kashif Daud, Zahoor Khan, Alishan Sharafu, Raja Akifullah, Karthik Meiyappan, Junaid Siddique, Basil Hameed, Zafar Farid, Mohammed Boota, Mohammed Usman, Rahul Bhatia
MATCH DETAILS
Manchester United 3
Greenwood (21), Martial (33), Rashford (49)
Partizan Belgrade 0
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.”
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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
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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In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
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What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
The President's Cake
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Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
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Mashrafe Mortaza (captain), Tamim Iqbal, Liton Das, Soumya Sarkar, Mushfiqur Rahim (wicketkeeper), Mahmudullah, Shakib Al Hasan (vice captain), Mohammad Mithun, Sabbir Rahaman, Mosaddek Hossain, Mohammad Saifuddin, Mehidy Hasan Miraz, Rubel Hossain, Mustafizur Rahman, Abu Jayed (Reporting by Rohith Nair in Bengaluru Editing by Amlan Chakraborty)
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
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- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying