Readers urge people to learn proper waste management. Amy Leang / The National
Readers urge people to learn proper waste management. Amy Leang / The National
Readers urge people to learn proper waste management. Amy Leang / The National
Readers urge people to learn proper waste management. Amy Leang / The National

Don’t dump rubbish in water


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It's sad that we have so much disregard for the place we live in (Bicycle among 1.3 tonnes of waste recovered in Sharjah underwater clean-up, February 9). I can't imagine the condition of marine life. It suffers so much because of our callousness.

Lisa Justice, Dubai

Some people seem to think that an ocean or a lagoon is just a giant bin to throw their rubbish into. Because they can’t see the rubbish once it sinks, they don’t realise the consequences of their behaviour.

Such actions damage the marine ecosystem. They can also harm other people, who could get injuries or diseases swimming in polluted, debris-filled waters. UAE residents must learn proper waste management. More awareness campaigns should be launched to show the devastating effects current habits are causing to our environment.

Naila Tariq, Sharjah

Why SMEs are crucial for our economy

We have to be careful in striking a balance between public and private sectors (Sheikh Mohammed announces major Government shake-up to prepare UAE for the future, February 9). It's clear that with falling oil prices, the Government can't simply keep spending.

However, what is equally required is incubator funding to help SMEs grow. SMEs are the backbone of any economy. They allow citizens to run their own business, thereby reducing their dependency on Government jobs.

If sustainable development is an objective then putting people in business should be the prime mover.

However, to be truly sustainable funding must be supported with education, training and mentoring.

Randall Mohammed, Dubai

Enforcement is the key

I agree that fog lights should be compulsory and people need to drastically change their driving habits (Fog lights aren't the full solution, February 9). But more importantly, the teaching methods need to be completely standardised. There also needs to be far more rigorous enforcement of all laws. And start teaching them young with traffic safety lessons at school.

Dave Pryce, Dubai

I think the problems on the roads here are far bigger than a set of lights that illuminate the first five metres in front of the car.

Luca Cima, Dubai

Here’s an idea that I guarantee would change things for the better: set up police checkpoints and pull over motorists at random. Test the tint of their glass and if it’s illegal impound the cars there and then. Fog lights are only of any use if the driver can see through the windscreen in the first place – time to get tough and not allow anyone to get away with this stuff.

It won’t take long for people to change their ways; they just need to feel some hardship now and then. You can have all the money in the world but if you’re left stranded on the side of Sheikh Zayed Road in rush hour because your Land Cruiser has just been towed away then you’ll feel some genuine pain. And you just might think twice about your motoring habits in the future.

Name withheld by request

City honey a new trend

I admire the efforts of Slow Food Dubai volunteers (Dubai's first urban rooftop garden proves good food can be grown in the heart of the city, February 9). They should add a beehive. City honey is the newest trend in Berlin. Plants in the cities don't have as much pesticides as in farmland.

Omar Jaramillo, Germany

Propaganda is never helpful

Thank you for the article London exhibition showcases unity between Muslims and non-Muslims in battle (February 9). It is one of the best I have read in a very long time. Propaganda and lies breed fear when there is nothing to be feared. The UAE is a prime example of acceptance of different nationalities, cultures and religious beliefs. It's all about accepting and respecting the differences. If we all follow these examples, the world will probably be a better place to live.

Name withheld by request

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

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
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
The biog

Family: Parents and four sisters

Education: Bachelor’s degree in business management and marketing at American University of Sharjah

A self-confessed foodie, she enjoys trying out new cuisines, her current favourite is the poke superfood bowls

Likes reading: autobiographies and fiction

Favourite holiday destination: Italy

Posts information about challenges, events, runs in other emirates on the group's Instagram account @Anagowrunning

Has created a database of Emirati and GCC sportspeople on Instagram @abeermk, highlight: Athletes

Apart from training, also talks to women about nutrition, healthy lifestyle, diabetes, cholesterol, blood pressure

UAE jiu-jitsu squad

Men: Hamad Nawad and Khalid Al Balushi (56kg), Omar Al Fadhli and Saeed Al Mazroui (62kg), Taleb Al Kirbi and Humaid Al Kaabi (69kg), Mohammed Al Qubaisi and Saud Al Hammadi (70kg), Khalfan Belhol and Mohammad Haitham Radhi (85kg), Faisal Al Ketbi and Zayed Al Kaabi (94kg)

Women: Wadima Al Yafei and Mahra Al Hanaei (49kg), Bashayer Al Matrooshi and Hessa Al Shamsi (62kg)

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

India team for Sri Lanka series

Test squad: Rohit Sharma (captain), Priyank Panchal, Mayank Agarwal, Virat Kohli, Shreyas Iyer, Hanuma Vihari, Shubhman Gill, Rishabh Pant (wk), KS Bharath (wk), Ravindra Jadeja, Jayant Yadav, Ravichandran Ashwin, Kuldeep Yadav, Sourabh Kumar, Mohammed Siraj, Umesh Yadav, Mohammed Shami, Jasprit Bumrah.

T20 squad: Rohit Sharma (captain), Ruturaj Gaikwad, Shreyas Iyer, Surya Kumar Yadav, Sanju Samson, Ishan Kishan (wk), Venkatesh Iyer, Deepak Chahar, Deepak Hooda, Ravindra Jadeja, Yuzvendra Chahal, Ravi Bishnoi, Kuldeep Yadav, Mohammed Siraj, Bhuvneshwar Kumar, Harshal Patel, Jasprit Bumrah, Avesh Khan

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

 

 

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.”

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The specs: 2019 Chevrolet Bolt EV

Price, base: Dh138,000 (estimate)
Engine: 60kWh battery
Transmission: Single-speed Electronic Precision Shift
Power: 204hp
Torque: 360Nm
​​​​​​​Range: 520km (claimed)

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

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Available: Now

The biog

Born November 11, 1948
Education: BA, English Language and Literature, Cairo University
Family: Four brothers, seven sisters, two daughters, 42 and 39, two sons, 43 and 35, and 15 grandchildren
Hobbies: Reading and traveling

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