The Jeju Air Boeing 737-800 aircraft that crashed and burst into flames at Muan International Airport in Muan. AFP
The Jeju Air Boeing 737-800 aircraft that crashed and burst into flames at Muan International Airport in Muan. AFP


A collapsible wall could have minimised casualties in South Korea's plane tragedy



January 03, 2025

I write in reference to the article South Korea orders airline safety inspections after Jeju Air crash (December 30): I was deeply saddened to read about the plane crash that claimed the lives of 179 people. The loss of so many lives is deeply upsetting. Despite the precautions taken by the aviation industry, incidents such as this continue to occur. While technical issues often contribute to such disasters, these incidents are simply unacceptable. Passenger safety must always be a top priority, and a thorough investigation into the true causes of this crash should be conducted.

K Ragavan, Bengaluru, India

It is possible that the presence of a concrete wall at the end of the runway contributed to so many deaths. If this wall had been collapsible, with guide lights attached to it – something that is said to be common in other countries – the plane might simply have skidded over a small road into a nearby field. There may have been more survivors.

Name withheld upon request

In fairness, the deadly crashes as well as the near escapes we saw over the past week were extremely rare events. The chances that your plane is shot down or crashes into a concrete wall almost never happens.

Name withheld upon request

Call it what it is

I write in reference to the article New Orleans attack: FBI investigates 'act of terrorism' after car rams crowd, killing at least 15 (January 1): terrorism is the unlawful use of violence and intimidation, especially against civilians, in the pursuit of political aims. It typically involves acts intended to create fear, disrupt societies and achieve certain goals by targeting non-combatants or symbols of power.

When you "mass kill" civilians, it’s terrorism. We must stop [calling it anything else]. No matter where people are being targeted and who the instigator is, they are victims of terrorism.

Lillie Mathilde, Atlanta, Georgia

Women in positions of power

I write in reference to the article Syria's new leaders appoint first woman head of central bank (December 31): this is a smart move from Syria's new leadership group. Maysaa Sabrine is said to have the experience necessary for such an important task. This step will also inspire and encourage other citizens, especially women, to step up in service of the nation.

Yaw OH Owusu Boadi, Honolulu, US

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

UAE currency: the story behind the money in your pockets
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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.”

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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Tips from the expert

Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.

  1. Sellers should focus on providing high-quality used goods at attractive prices to buyers.
  2. It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
  3. Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
  4. Be creative and look around your home for valuable items that you no longer need but might be useful to others.
The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

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While you're here

Michael Young: Where is Lebanon headed?

Kareem Shaheen: I owe everything to Beirut

Raghida Dergham: We have to bounce back

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Updated: January 03, 2025, 3:00 AM