It is the crack of dawn when the sky is nudging into an amber hue and the forest is waking up to the sound of chirping birds. The calm is broken by the shrill call of the langurs and the sense of anticipation is evident. Suddenly, a brilliant flash of orange and black emerges from the bushes, it's what everyone is waiting for — the majestic tiger.
This scene, which played out in front of my eyes at Bandhavgarh National Park in Madhya Pradesh, remains one of my favourite memories of the animal.
The allure of the tiger is undeniable and this is a special year for the animal, as it marks 50 years of Project Tiger, a conservation project that started in April 1973. At the time, India's tiger numbers were estimated to be in the 1,800s — although there are reports that claim the number was as lower.
In the years since, Project Tiger has been converted into a statutory authority, which monitors poaching, works to reduce human pressure, mitigates man-animal conflict and regenerates forest habitats.
Efforts seem to have paid off, as India's latest tiger census shows that the number of tigers is now 3,167. This number is from five major national parks and is likely to go up as the final numbers will be revealed in two months.
Aly Rashid, director at Jehan Numa Wilderness, says: “Project Tiger is arguably one of the most successful big cat conservation projects in the world. Since its launch in 1973, it is a great achievement that, given India’s population pressure in 2023, the country still has tiger presence in all habitat types, as when the project started.”
“The final number will be released after further analysis but authorities suggest it is likely to be a roughly 25 to 30 per cent increase from the previous estimation of four years ago [at 6 per cent annual growth],” says Raghu Chundawat, partner at The Sarai at Toria and Baavan (Bagh Aap Aur Van) wildlife trust.
“This will be a substantial increase and shows how committed India is to this cause, despite the enormous pressure faced by the tiger, its co-species and the forests in general. However, the preliminary report shows an uneven pattern with a worrying trend of tigers lost from the eastern parts of its distribution.”
In 2010, Chundawat wrote The Rise and Fall of the Emerald Tigers: Ten Years of Research in Panna National Park, a study into the conservation of the Indian tiger.
The road ahead poses certain opportunities and challenges. India has about 50 tiger reserves, but it is only the well-known ones that are reporting strong tiger numbers. These are also the parks that have a strong eco-tourism model, correlating the fact that community involvement and the financial benefit are key to conserving the tiger in the future.
“If we can conserve the other parks, introduce low-impact eco-tourism and community benefit opportunities, India has enough habitat to increase the numbers to 10,000 tigers,” says Rashid. "The current increase to 3,167 in 2023 from 2,967 tigers four years ago is a good performance, but we should celebrate this with caution as only Central India has contributed to this increase, whereas other important tiger landscapes have remained either stable or declined in terms of tiger numbers."
“Per the tiger census reports, up to 25 per cent of tigers live outside the protected areas. With India’s insatiable quest for development, protecting the wildlife residing outside of protected areas will be our biggest challenge going forward.”
Conservationists also remain cautious. K Ullas Karanth, a conservation scientist, leading tiger expert and emeritus director at the Centre for Wildlife Studies, explains: “Tiger conservation in India was significantly successful between the early 1970s to around 2004. Thereafter, there has been a lot of publicity and hype.
“We need to increase the area under effective tiger conservation to between 200,000 and 300,000 square kilometres. At present it is about 75,000 square kilometres, and less than half that area is given necessary levels of protection for tigers, prey species and habitats. In this regard, the states of Madhya Pradesh and Maharashtra have done better.”
The people who live on the forest edge, who are impacted by conservation efforts as they face issues like crop loss, livestock loss and even loss of life, also have to be considered.
“Well-managed and responsible wildlife tourism is undoubtedly a key driver for conservation success, providing jobs and entrepreneurial opportunities for these communities,” says Hashim Tyabji, naturalist and partner at Kaafila Luxury Camps.
“This creates the local constituency for tigers and other wildlife. For all its flaws, it is apparent that where tourism flourishes, wildlife flourishes.”
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Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
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The bio:
Favourite film:
Declan: It was The Commitments but now it’s Bohemian Rhapsody.
Heidi: The Long Kiss Goodnight.
Favourite holiday destination:
Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.
Heidi: Australia but my dream destination would be to go to Cuba.
Favourite pastime:
Declan: I love brunching and socializing. Just basically having the craic.
Heidi: Paddleboarding and swimming.
Personal motto:
Declan: Take chances.
Heidi: Live, love, laugh and have no regrets.
Tenet
Director: Christopher Nolan
Stars: John David Washington, Robert Pattinson, Elizabeth Debicki, Dimple Kapadia, Michael Caine, Kenneth Branagh
Rating: 5/5
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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