A bubble the colour of mercury rolls across my dive mask and, as I begin my descent, the rumble of expelled air flows past my ears. I follow the rope down and fin around a large shoulder of coral to be confronted by a Japanese warplane that looks like it came to rest here a day or two ago.
History does not record how this Aichi E13A naval reconnaissance float plane got here – 15 metres below the surface and about 500 metres west of a seaplane ramp constructed by the Japanese during their 1914 to 1945 colonial rule of Palau – but it is one of hundreds of sunken aircraft and ships that dot the seabed off these Pacific islands, serving as a reminder of some of the most vicious fighting of the Pacific war.
Better known by its Allied identification name, Jake, the aircraft was only discovered by a local fisherman in 1994. Since then, it has become one of the most popular dive sites in Palau. Leaning to starboard by a few degrees, the jets’ wings are intact and the port pontoon rests on a sandy ocean bottom. Coral has begun to encroach on the starboard wing and the single engine leans forward, partly detached from the fuselage. Remarkably, much of the glass for the aircraft’s three-man crew compartment remains intact, although the tail section has been torn off near the rear gunner’s position and lies a short distance to its north.
The seaplane’s gun has been removed, but the rest of the aircraft is untouched by the looters and scavengers who have picked other historic sites across the Pacific clean for a quick profit. And that is a testament to how the people of these islands see the assets – natural and man-made, in the ocean, the jungles, the mangrove swamps, the traditional villages – that they have inherited.
The message that the pristine beauty of the 340 islands that make up Palau must be preserved is fully on display to travellers at the only international airport in the country. One entire wall of the arrivals hall is covered with a stunning image of black-on-blue silhouettes of sharks, rays and other marine life accompanied by a message, in several languages, that reads: “You’re free to explore, never to exploit".
The message is reinforced in the Palau Pledge, which makes up the immigration stamp that goes inside every foreign passport and states, in part, “I take this pledge, as your guest, to preserve and protect your beautiful and unique island home".
About 1,000km due east of the Philippines, and with a land area of only 466 square km, Palau is tiny – it’s the 16th smallest nation in the world. As a low-lying archipelago, it’s at risk of rising global temperatures and sea levels, meaning the need to protect its limited resources is keenly felt.
As I shrug off my air tank and weight belt back at the ocean surface, Swing Aguon, my irrepressible dive captain, says he wants to show me something. He guns the powerful twin engines of the boat and we surge across waters that incorporate myriad shades of blue.
Eil Malk is one of the several hundred limestone outcrops that make up Palau’s famous Rock Islands, but this one conceals a natural wonder. I show my pass to the local authorities – visitors to the Rock Islands need to purchase a $100 pass before access is permitted – and ascend a steep set of steps cut into the limestone. Cresting the ridge, jellyfish lake is visible through the jungle. In a deep bowl, the lake is only connected to the outside lagoon via small tunnels, and its isolation has permitted two species to evolve in these waters, the translucent moon jellyfish and the deeper coloured golden jellyfish.
Scuba diving is not permitted in the lake to prevent human activity damaging these delicate life forms, so visitors have to snorkel its brackish waters. And while I have been reassured that the jellyfish have evolved and, as there are no predators in the lake, no longer have the ability to sting, I still find it hard to trust them and find myself navigating carefully to avoid their trailing tentacles out of a surfeit of caution. My guide, however, swims straight through the congregations and emerges none the worse. He admits, however, that there are far fewer jellyfish in the lake than in past years thanks to rising temperatures. And while numbers have always bounced back after periodic die-offs, there is concern that one day the population will not recover.
There is slightly better news after we have slalomed between a few more of the rock islands, where an expansive coral garden that suffered widespread bleaching due to rising sea temperatures is showing clear signs of recovery. The patches of skeletal white are being covered by new growth and reef fish are in constant motion. A turtle has also chosen to make this recovering reef its home. As I surface, another boat has pulled up and a tall man is throwing scraps to the fish while several uniformed men stand alert, scanning the surrounding area. It’s not every day of the week that one shares a reef with the leader of the nation. Palau’s President – Surangel Whipps Jr – smiles and waves to me as he speeds off into the blue.
Swing shows me a couple of his other favourite underwater spots – a sandbar where visitors can swim with docile black-tipped sharks and a nearby nursery for giant clams – before the light begins to fade and we sadly accept it’s time to turn back towards Palau’s laid-back capital city of Koror.
For many years, this island nation has played on its marine strengths to appeal to travellers, but a shift is now under way to highlight the traditional lives of the islands’ inhabitants. A short drive north of Koror is Ordomel village, home to one of the last three original chief’s meeting houses on the islands. Long and with a steeply pitched roof made out of banana thatch, the gabled end is painted with depictions of men fishing from long canoes, sharks that are the defenders of the village, the clams whose shells are turned into the local currency and butterfly fish that in Palau culture, are symbolic of humbleness and respect.
This 200-year-old building is where the leaders come together to make decisions about the well-being of their community. It holds the scent of the smoke of countless fires, lit in two pits dug into the floor. Custom dictates that it is forbidden for women to enter.
Down a nearby flight of steps – where the original stone was laid by German colonisers and still shows in places through the concrete that was later poured by the Japanese – is a 15-metre war canoe carved from a single tall tree and painted a deep red. An ominous eye is at the bow and a depiction of a sharp-toothed moray eel at the helmsman’s position. A coconut adorned with a face is suspended from the outrigger; in the past, this would have been a real human head after a successful raid on a neighbouring tribe.
A local family has prepared a meal served in a traditional round basket, containing fish, chicken, grilled tapioca wrapped in a banana leaf and taro. The top is lopped off a large coconut for refreshment. This, say the villagers, is what they want to share with the people who make the effort to come to this tiny and remote island. They are proud of their way of life and the values that they still hold, their respect for the land and the ocean.
“I vow to tread lightly, act kindly and explore mindfully,” the Palau Pledge adds. “I shall not take what is not given. I shall not harm what does not harm me. The only footprints that I shall leave are those that will wash away.”
Words to live by.
Sweet%20Tooth
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Company profile
Name: Tratok Portal
Founded: 2017
Based: UAE
Sector: Travel & tourism
Size: 36 employees
Funding: Privately funded
In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press
The%20specs
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Intercontinental Cup
Namibia v UAE Saturday Sep 16-Tuesday Sep 19
Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27
The major Hashd factions linked to Iran:
Badr Organisation: Seen as the most militarily capable faction in the Hashd. Iraqi Shiite exiles opposed to Saddam Hussein set up the group in Tehran in the early 1980s as the Badr Corps under the supervision of the Iran Revolutionary Guards Corps (IRGC). The militia exalts Iran’s Supreme Leader Ali Khamenei but intermittently cooperated with the US military.
Saraya Al Salam (Peace Brigade): Comprised of former members of the officially defunct Mahdi Army, a militia that was commanded by Iraqi cleric Moqtada Al Sadr and fought US and Iraqi government and other forces between 2004 and 2008. As part of a political overhaul aimed as casting Mr Al Sadr as a more nationalist and less sectarian figure, the cleric formed Saraya Al Salam in 2014. The group’s relations with Iran has been volatile.
Kataeb Hezbollah: The group, which is fighting on behalf of the Bashar Al Assad government in Syria, traces its origins to attacks on US forces in Iraq in 2004 and adopts a tough stance against Washington, calling the United States “the enemy of humanity”.
Asaeb Ahl Al Haq: An offshoot of the Mahdi Army active in Syria. Asaeb Ahl Al Haq’s leader Qais al Khazali was a student of Mr Al Moqtada’s late father Mohammed Sadeq Al Sadr, a prominent Shiite cleric who was killed during Saddam Hussein’s rule.
Harakat Hezbollah Al Nujaba: Formed in 2013 to fight alongside Mr Al Assad’s loyalists in Syria before joining the Hashd. The group is seen as among the most ideological and sectarian-driven Hashd militias in Syria and is the major recruiter of foreign fighters to Syria.
Saraya Al Khorasani: The ICRG formed Saraya Al Khorasani in the mid-1990s and the group is seen as the most ideologically attached to Iran among Tehran’s satellites in Iraq.
(Source: The Wilson Centre, the International Centre for the Study of Radicalisation)
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
THE%20SPECS
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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.”
Boston%20Strangler
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What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
COMPANY PROFILE
Company name: Blah
Started: 2018
Founder: Aliyah Al Abbar and Hend Al Marri
Based: Dubai
Industry: Technology and talent management
Initial investment: Dh20,000
Investors: Self-funded
Total customers: 40
'Nope'
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jordan%20Peele%0D%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Daniel%20Kaluuya%2C%20Keke%20Palmer%2C%20Brandon%20Perea%2C%20Steven%20Yeun%0D%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
Non-oil%20trade
%3Cp%3ENon-oil%20trade%20between%20the%20UAE%20and%20Japan%20grew%20by%2034%20per%20cent%20over%20the%20past%20two%20years%2C%20according%20to%20data%20from%20the%20Federal%20Competitiveness%20and%20Statistics%20Centre.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIn%2010%20years%2C%20it%20has%20reached%20a%20total%20of%20Dh524.4%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3ECars%20topped%20the%20list%20of%20the%20top%20five%20commodities%20re-exported%20to%20Japan%20in%202022%2C%20with%20a%20value%20of%20Dh1.3%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3EJewellery%20and%20ornaments%20amounted%20to%20Dh150%20million%20while%20precious%20metal%20scraps%20amounted%20to%20Dh105%20million.%C2%A0%3C%2Fp%3E%0A%3Cp%3ERaw%20aluminium%20was%20ranked%20first%20among%20the%20top%20five%20commodities%20exported%20to%20Japan.%C2%A0%3C%2Fp%3E%0A%3Cp%3ETop%20of%20the%20list%20of%20commodities%20imported%20from%20Japan%20in%202022%20was%20cars%2C%20with%20a%20value%20of%20Dh20.08%20billion.%3C%2Fp%3E%0A
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
The%20specs%3A%202024%20Mercedes%20E200
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Best Academy: Ajax and Benfica
Best Agent: Jorge Mendes
Best Club : Liverpool
Best Coach: Jurgen Klopp (Liverpool)
Best Goalkeeper: Alisson Becker
Best Men’s Player: Cristiano Ronaldo
Best Partnership of the Year Award by SportBusiness: Manchester City and SAP
Best Referee: Stephanie Frappart
Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)
Best Sporting Director: Andrea Berta (Atletico Madrid)
Best Women's Player: Lucy Bronze
Best Young Arab Player: Achraf Hakimi
Kooora – Best Arab Club: Al Hilal (Saudi Arabia)
Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)
Player Career Award: Miralem Pjanic and Ryan Giggs