The Sea of Marmara continues to be clogged up by slimy pollution. Reuters
The Sea of Marmara continues to be clogged up by slimy pollution. Reuters
The Sea of Marmara continues to be clogged up by slimy pollution. Reuters
The Sea of Marmara continues to be clogged up by slimy pollution. Reuters

Sea slime is not just Turkey's problem


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For centuries, the Mediterranean region has been written about as a place of global commerce, a cradle of civilisation and a frequent setting for epic adventure. Unfortunately, in the run-up to a season when tourists normally flock to its shores, it has recently been in the news for less glamorous and poetic reasons: marine mucilage.

This thick layer of slime, which is as bad as it sounds, has appeared on parts of the Turkish coast over the past few weeks, choking precious marine life and the livelihoods of those who rely on the sea for a living, from fisherman to the many Turks who work in the country's huge tourism industry. Produced by tiny algae, the slime was first found in Turkey in 2007, further east towards neighbouring Greece. While the substance is not a new phenomenon for the country's environmental authorities, today's outbreak is by far the largest on record.

Ankara yesterday said it would work tirelessly to save the Sea of Marmara, where the substance has gathered, a strategically significant body of water that connects the Black Sea to the Aegean and Mediterranean seas. So great is the need to respond that Turkey's Environment Minister, Murat Kurum, has said the region would be designated a protected area by the end of 2021, and that his government would take all necessary steps within three years to protect the site in the short and long term.

Marine mucilage threatens Turkey's huge tourism industry. AP
Marine mucilage threatens Turkey's huge tourism industry. AP
Summer tourism is fast approaching

What could cause a mass of sludge to appear so suddenly on the coast? A major factor is global warming, caused by carbon emissions that heat oceans to temperatures conducive to marine mucilage.
But lax waste-management policies are also responsible. For years, waste and sewage from nearby Istanbul – a city of 16 million people – and its industrial and building sites have been seeping into the area's fragile waters.

Turkey, along with many coastal states in the region, has recognised the environmental and economic threat posed by pollution of the wider Mediterranean. Ankara has been a member of the Programme for the Assessment and Control of Marine Pollution in the Mediterranean, which monitors the health of the region’s oceans. Despite the organisation being around for half a decade, current crises suggest that more still needs to be done.

The situation provides a lesson for all coastal states in the region, including those in the Gulf. The Arabian Sea is the warmest in the world, putting it on the frontline in the war against algae. More broadly, it is right that countries are taking the threat of marine pollution seriously. Environmental preservation is not just about doing what is morally correct, but also about protecting our prosperity.

Summer is fast approaching and with it, the many devotees of a Mediterranean break will flock to Turkey’s coasts. Any encounters with thick slime, if it is not cleaned up by then, are sure to put a dampener on the holiday. But even that will be just a fraction of the disappointment experienced by the locals who take such pride in living by one of the world’s great seas.

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Global Fungi Facts

• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil

COMPANY PROFILE

Name: N2 Technology

Founded: 2018

Based: Dubai, UAE

Sector: Startups

Size: 14

Funding: $1.7m from HNIs

The Details

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Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our 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.”

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About Karol Nawrocki

• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.

• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.

• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.

• Met Donald Trump at the White House and received his backing.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
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Emirates exiles

Will Wilson is not the first player to have attained high-class representative honours after first learning to play rugby on the playing fields of UAE.

Jonny Macdonald
Abu Dhabi-born and raised, the current Jebel Ali Dragons assistant coach was selected to play for Scotland at the Hong Kong Sevens in 2011.

Jordan Onojaife
Having started rugby by chance when the Jumeirah College team were short of players, he later won the World Under 20 Championship with England.

Devante Onojaife
Followed older brother Jordan into England age-group rugby, as well as the pro game at Northampton Saints, but recently switched allegiance to Scotland.

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)