Wednesday was Earth Day. Have you noticed that with only a few exceptions, all these “days” celebrate what usually gets overlooked? For instance, in the US there is “Secretary’s Day”, but nowhere on earth is there a “Hug a CEO” day or “Kiss a Multi-National Conglomerate Day”.
So yes, the Earth, our poor exhausted Earth, gets a day of recognition, where we all try to remember to shut the lights off and turn the AC to a slightly less bone-chilling temperature. I suppose Earth Day is better than last month’s “Earth Hour”, when we were all supposed to dim our lights … for an hour.
They say that every little bit counts, but is that really true? Does every little bit count or are our individual “bits” so tiny as to be irrelevant? In a city where every hotel and mall worth its salt (desalination pun utterly intended) has a “water feature”, does it matter if we let the tap run while we brush our teeth?
Thinking about water in the desert and a beleaguered planet leads me to another anniversary: the 50th anniversary this year of the science-fiction novel Dune, which came out in 1965 and hasn’t been out of print. I first read Frank Herbert’s novel when I was about 12 and much of the novel went right over my head. I missed the elements of Greek tragedy and Arab culture, and didn’t understand that the novel critiqued the global reliance on fossil fuel (depicted in the novel as something called “spice”, only available on the desert planet, and the only thing that enabled intergalactic travel). To me, Dune was just a juicy novel bursting with adventure and intrigue.
Sci-fi, however, is not really my cup of intergalactic tea. I just like Dune, which by now I’ve read more times than I can count. The first time I went out to the Empty Quarter, in fact, I had a kind of déjà vu, caused by the novel’s eerily precise descriptions: the vast spaces that dwarf human existence, the muffled silence of the desert at dawn. One of the novel’s central plot lines concerns the plans of the desert dwellers – called Fremen – to “green” their planet through an intricate irrigation system that gives every seedling its own tiny moisture catcher. In their effort to change the planet’s surface, the Fremen have decided that yes, every little bit helps: they wear “stillsuits” that reclaim the body’s water; they know to the fractional millionth how much water they need to achieve their goal.
Herbert said that he intended his novel to be a warning against slavish devotion to heroes, but when I reread the novel again this autumn, what stood out were lessons about planetary responsibility. The novel’s “bad guys”, the Harkonnen family, offer standard displays of villainy – murder, theft, depravity – as well as being environmentally destructive. They waste water and they waste human resources. The Harkonnens, like many of us (albeit without the Harkonnen-esque character flaws), assume that someone, somewhere else, will solve the ecological problems that beset the world. In their profligate attitudes, the Harkonnens become a warning to us all.
The novel offers another warning about ecology in the final thoughts of the Planetary Ecologist. Marooned in the desert, he thinks “you can’t draw neat lines around planet-wide problems … we must cultivate ecological literacy”. Ecologically literate people would realise we can’t quarantine environmental damage: the huge atolls of refuse adrift in the Pacific Ocean, for instance, comprise rubbish from every country in the world, not just one.
I hope that Dune never goes out of print. I’ve loved sharing its arcana with my children now that they’re old enough to read it (and, as I did, to miss many of the novel’s subtleties). But I hope that in 10 or 20 years, the planet is so healthy that we no longer have to celebrate Earth Day.
Deborah Lindsay Williams is a professor of literature at NYU Abu Dhabi. She is the author of The Time Locket, a novel that she wrote as Deborah Quinn
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Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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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”
MATCH INFO
Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)
Where: Wanda Metropolitano
When: Thursday, May 3
Live: On BeIN Sports HD
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
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.”
THE TWIN BIO
Their favourite city: Dubai
Their favourite food: Khaleeji
Their favourite past-time : walking on the beach
Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs
Engine: 4.0-litre, six-cylinder
Transmission: six-speed manual
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Torque: 420Nm
Price: from Dh321,200
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MATCH RESULT
Al Jazira 3 Persepolis 2
Jazira: Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')
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F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5