A child on a statue of a hippo at the entrance of Hacienda Napoles, that was once the private zoo with illegally imported hippos and other animals that belonged to the late drug lord Pablo Escobar, in Puerto Triunfo, Colombia, on February 15. Colombia's Environment Ministry announced hippos are an invasive species, whose growing numbers pose a threat to biodiversity. AP
A child on a statue of a hippo at the entrance of Hacienda Napoles, that was once the private zoo with illegally imported hippos and other animals that belonged to the late drug lord Pablo Escobar, in Puerto Triunfo, Colombia, on February 15. Colombia's Environment Ministry announced hippos are an invasive species, whose growing numbers pose a threat to biodiversity. AP
A child on a statue of a hippo at the entrance of Hacienda Napoles, that was once the private zoo with illegally imported hippos and other animals that belonged to the late drug lord Pablo Escobar, in Puerto Triunfo, Colombia, on February 15. Colombia's Environment Ministry announced hippos are an invasive species, whose growing numbers pose a threat to biodiversity. AP
A child on a statue of a hippo at the entrance of Hacienda Napoles, that was once the private zoo with illegally imported hippos and other animals that belonged to the late drug lord Pablo Escobar, in


Restoring biodiversity is also an ethical issue


Isabelle Giordano
Lamya Fawwaz
  • English
  • Arabic

June 29, 2022

Biodiversity is the world’s range of natural resources that safeguards humanity’s prosperity, making it the most fundamental public good.

Today, natural resources are disappearing at rates unprecedented in human history, with grave impacts on people around the world. A recent UN report found that around 1 million animal and plant species are now threatened with extinction, more than ever before in human history.

Unsustainable human activities are accelerating the destruction of healthy ecosystems, triggering global climate change. The close link between biodiversity and climate change is undeniable: climate change is one of the main drivers of biodiversity loss, while destruction of the oceans and lands that serve as vital carbon sinks further accelerates the pace of climate change and the planet’s vulnerability to it.

Although detrimental to all humanity, biodiversity loss impacts poor and indigenous communities most severely, as they live and depend on resilient ecosystems. Seventy per cent of the world’s poor live in rural areas and depend directly on biodiversity for their survival and well-being. Biodiversity loss undermines their food security, nutrition and health, and drives extreme poverty. A recent report from the World Bank found that Low-Income Countries could lose 10 per cent of their GDP annually by 2030 if ecosystems continue to collapse. Biodiversity loss is therefore not only an environmental issue, but also a developmental, ethical and economic issue.

Thriving ecosystems are essential to not only protect biodiversity, but to manage climate risks, reduce socio-environmental conflicts and provide income and wealth for local communities

The conservation of biodiversity is one of the most potent levers to achieve all 17 of the UN Sustainable Development Goals (SDGs). The biodiversity-focused SDGs include 14 (life below water) and 15 (life on land). A recent UN study found, however, that these two SDGs are multipliers of benefits across all the goals, including those related to poverty, hunger, health, water and climate. That is because thriving ecosystems are essential to not only protect biodiversity, but to manage climate risks, reduce socio-environmental conflicts and provide income and wealth for local communities.

The conservation of biodiversity is thus a precondition for sustainable development. It is urgent that we act to protect nature and restore ecosystems. We must consider that in order to achieve a viable future for all living organisms, we must build together, for the benefit of people and the planet.

  • Engineers carry solar panels on to the roof of a property in Barcelona in September 2022. Spain and other Mediterranean countries have generated record amounts of power from wind and solar farms. Bloomberg
    Engineers carry solar panels on to the roof of a property in Barcelona in September 2022. Spain and other Mediterranean countries have generated record amounts of power from wind and solar farms. Bloomberg
  • Smoke rises from brick factory stacks in Nahrawan, Baghdad. Tackling emissions from heavy industry is crucial to tackling global warming. Reuters
    Smoke rises from brick factory stacks in Nahrawan, Baghdad. Tackling emissions from heavy industry is crucial to tackling global warming. Reuters
  • A boy stands near a flock of sheep as a sandstorm approaches in the Syrian countryside of Tabqa. Syria is among the countries most vulnerable and poorly prepared for climate change, which is expected to worsen. AFP
    A boy stands near a flock of sheep as a sandstorm approaches in the Syrian countryside of Tabqa. Syria is among the countries most vulnerable and poorly prepared for climate change, which is expected to worsen. AFP
  • Mountains of smouldering rubbish at the Bhalswa landfill in New Delhi, India. Reuters
    Mountains of smouldering rubbish at the Bhalswa landfill in New Delhi, India. Reuters
  • Greenpeace activists take part in a climate change protest in front of the Brandenburg Gate in Berlin in May. AP
    Greenpeace activists take part in a climate change protest in front of the Brandenburg Gate in Berlin in May. AP
  • A man carries water bottles across the heavily polluted Negro River in Manaus, Brazil. About 35 tonnes of rubbish are removed daily from the river. AP
    A man carries water bottles across the heavily polluted Negro River in Manaus, Brazil. About 35 tonnes of rubbish are removed daily from the river. AP
  • A helicopter drops water on a brush fire in California. Bloomberg
    A helicopter drops water on a brush fire in California. Bloomberg
  • UN climate chief Patricia Espinosa speaks on the opening day of the Bonn climate change conference in Germany. Getty
    UN climate chief Patricia Espinosa speaks on the opening day of the Bonn climate change conference in Germany. Getty
  • Activists take part in a demonstration to raise awareness of global warming, during an event to mark World Environment Day in Kolkata. AFP
    Activists take part in a demonstration to raise awareness of global warming, during an event to mark World Environment Day in Kolkata. AFP
  • A helicopter drops water on a bushfire near a residential district in Athens. The fire forced residents to flee. AFP
    A helicopter drops water on a bushfire near a residential district in Athens. The fire forced residents to flee. AFP
  • A gauge measures water levels in the Rio Nambe river, in New Mexico. Ninety per cent of the state is experiencing extreme drought. Getty
    A gauge measures water levels in the Rio Nambe river, in New Mexico. Ninety per cent of the state is experiencing extreme drought. Getty
  • Afghan refugees search for recyclable material from heaps of rubbish in Karachi, Pakistan. AP
    Afghan refugees search for recyclable material from heaps of rubbish in Karachi, Pakistan. AP
  • A climate activist ties herself to the net during the semi-final tennis match between Croatia's Marin Cilic and Norway's Casper Ruud at the French Open in Roland Garros in Paris. AP
    A climate activist ties herself to the net during the semi-final tennis match between Croatia's Marin Cilic and Norway's Casper Ruud at the French Open in Roland Garros in Paris. AP
  • A dance group performs at a climate summit in Stockholm, Sweden. Getty
    A dance group performs at a climate summit in Stockholm, Sweden. Getty
  • US climate envoy John Kerry talks to a delegate at the Stockholm 50 climate summit. Getty
    US climate envoy John Kerry talks to a delegate at the Stockholm 50 climate summit. Getty
  • A boat is stranded during low tide at the Chebayesh marsh in Dhi Qar province, Iraq. Reuters
    A boat is stranded during low tide at the Chebayesh marsh in Dhi Qar province, Iraq. Reuters
  • A woman crosses a polluted river in Dhaka, Bangladesh. EPA
    A woman crosses a polluted river in Dhaka, Bangladesh. EPA
  • A man walks past an abandoned boat in the bed of a drought-affected reservoir on the outskirts of Sana'a, Yemen. EPA
    A man walks past an abandoned boat in the bed of a drought-affected reservoir on the outskirts of Sana'a, Yemen. EPA

Partnership and collaboration across national governments, local communities, multilateral organisations, and international agencies is key to ensuring the sustainable use of biodiversity in our future developments.

It is clear that humans must stop deforestation, overfishing, polluting air and rivers and other unsustainable activities. But to help governments, companies and individuals transform these practices, we must mobilise resources and implement broad-based action.

The Beyond2020 initiative, launched by the Zayed Sustainability Prize in partnership with select leading organisations, deploys community-appropriate technology and sustainable solutions to protect and preserve natural resources, while significantly improving people’s quality of life.

Beyond2020 brings together private companies, public authorities and environmental organisations, creating an international movement that protects, enhances and restores biodiversity through the deployment of innovative solutions that enable vulnerable communities to use energy, land and water sustainably.

Through Beyond2020, sustainable innovations developed by a range of past Zayed Sustainability Prize winners and finalists have been implemented around the world. These solutions – which include solar powered streetlights, mobile clinics, aquaponics systems – when combined with educational resources and deep community engagement, have increased communities’ ability to protect and enhance ecosystems while simultaneously relieving hardships and supporting expanded economic development.

Beyond2020 facilitates collaborative efforts aimed at safeguarding biodiversity, preserving sustainable communities, and reversing the climate crisis. It leverages strong partnerships with like-minded organisations, including BNP Paribas, a French-based international banking group that has, through the BNP Paribas Foundation, invested over €18 million into research aimed at mitigating climate change and biodiversity loss.

Taking action, together, to deploy solutions that advance global progress towards the SDGs, and generate a positive impact on our lives and our environment, are the guiding principles of the Beyond2020 initiative. We will continue to expand the reach and accessibility of the Zayed Sustainability Prize’s past winners’ and finalists’ innovative climate solutions to uplift communities and ecosystems around the world.

Isabelle Giordano is head of group philanthropy and general delegate of the BNP Paribas Foundation. Dr Lamya Fawwaz is director of the Zayed Sustainability Prize

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

'The Lost Daughter'

Director: Maggie Gyllenhaal

Starring: Olivia Colman, Jessie Buckley, Dakota Johnson

Rating: 4/5

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.”

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Profile of Whizkey

Date founded: 04 November 2017

Founders: Abdulaziz AlBlooshi and Harsh Hirani

Based: Dubai, UAE

Number of employees: 10

Sector: AI, software

Cashflow: Dh2.5 Million  

Funding stage: Series A

Who's who in Yemen conflict

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

RACE CARD

6.30pm: Madjani Stakes Group 2 (PA) Dh97,500 (Dirt) 1,900m
7.05pm: Maiden (TB) Dh82,500 (D) 1,400m
7.40pm: Maiden (TB) Dh82,500 (D) 1,600m
8.15pm: Handicap (TB) Dh87,500 (D) 2,200m
8.50pm: Dubai Creek Mile Listed (TB) Dh132,500 (D) 1,600m
9.25pm: Conditions (TB) Dh120,000 (D) 1,900m
10pm: Handicap (TB) Dh92,500 (D) 1,400m

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

The%20pillars%20of%20the%20Dubai%20Metaverse%20Strategy
%3Cp%3EEncourage%20innovation%20in%20the%20metaverse%20field%20and%20boost%20economic%20contribution%3C%2Fp%3E%0A%3Cp%3EDevelop%20outstanding%20talents%20through%20education%20and%20training%3C%2Fp%3E%0A%3Cp%3EDevelop%20applications%20and%20the%20way%20they%20are%20used%20in%20Dubai's%20government%20institutions%3C%2Fp%3E%0A%3Cp%3EAdopt%2C%20expand%20and%20promote%20secure%20platforms%20globally%3C%2Fp%3E%0A%3Cp%3EDevelop%20the%20infrastructure%20and%20regulations%3C%2Fp%3E%0A
ICC Awards for 2021

MEN

Cricketer of the Year – Shaheen Afridi (Pakistan)

T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)

ODI Cricketer of the Year – Babar Azam (Pakistan)

Test Cricketer of the Year – Joe Root (England)

WOMEN

Cricketer of the Year – Smriti Mandhana (India)

ODI Cricketer of the Year – Lizelle Lee (South Africa)

T20 Cricketer of the Year – Tammy Beaumont (England)

RESULT

Liverpool 4 Southampton 0
Jota (2', 32')
Thiago (37')
Van Dijk (52')

Man of the match: Diogo Jota (Liverpool)

Bio:

Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour

Favourite Hobby: Serving poor people 

Favourite Book: The Alchemist by Paulo Coelho

Favourite food: Fish and vegetables

Favourite place to visit: London

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.3-litre%20turbo%204-cyl%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E298hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E452Nm%3Cbr%3E%3Cstrong%3ETowing%20capacity%3A%20%3C%2Fstrong%3E3.4-tonne%3Cbr%3E%3Cstrong%3EPayload%3A%20%3C%2Fstrong%3E4WD%20%E2%80%93%20776kg%3B%20Rear-wheel%20drive%20819kg%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EPrice%3A%20Dh138%2C945%20(XLT)%20Dh193%2C095%20(Wildtrak)%3Cbr%3E%3Cstrong%3EDelivery%3A%3C%2Fstrong%3E%20from%20August%3C%2Fp%3E%0A
Updated: June 29, 2022, 10:11 AM