Scimitar-horned oryx bred in the UAE have been released into a game reserve in Africa as part of plans to create a 500-strong self-sustaining herd.
The Environment Agency Abu Dhabi initiative added 20 scimitar-horned oryx and 25 addax, which are both types of antelopes, to the herd in Chad in March.
That brought the number of scimitar-horned oryx in the wild to 460, with 15 calves born so far this year, as well as 96 wild Addax, with five calves born this year.
Several scimitar-horned oryx and addax have been fitted with satellite tracking collars to monitor their movements.
“This pioneering project was inspired by the insightful vision of the late Sheikh Zayed, who noticed that scimitar-horned oryx numbers were declining rapidly and wished to see them flourish once again,” said Dr Shaikha Salem Al Dhaheri, Secretary General of Environment Agency Abu Dhabi.
“We are currently very close to achieving our goal of having a herd of 500 scimitar-horned oryx in Chad and, due to the success of this project, we are aiming to go beyond this figure and ensure that the numbers in the wild increase further.
“Alongside the scimitar-horned oryx herd, we are working closely with the government of Chad to also reintroduce addax and dama gazelles, and in time we will witness increased numbers of these species, hopefully paving the way for their removal them from the extinction danger list.”
In March, the agency also successfully released five dama gazelle, which joined the herd of other captured wild dama gazelle in the programme.
It is believed that the last scimitar disappeared from Chad in the late 1980s before the species was officially declared extinct in the wild globally by the International Union for the Conservation of Nature in 2000.
The agency programme to repopulate the 77,950 square kilometre Ouadi Rimé-Ouadi Achim Wildlife Reserve began in 2014, with the first shipment of the oryx breed released back into their natural habitats in 2016. It represents the world’s largest mammal reintroduction programme.
The second phase of the reintroduction programme added the critically endangered species the addax. The first pilot batch of 15 animals was released in November 2019, followed by the second group of 25 addax in March 2020.
Scimitar-horned oryx are named after their blade-like horns, which are long and curved like an Arabian sword. They can survive for months, and even years, without drinking water, as they receive most of their fluid intake from the plants they eat.
They can sense even small variations in air humidity over distances of up to 100 kilometres, which meant they were historically followed by tribes searching for water.
Addax also rarely need to drink to survive. Their populations have been ravaged by poaching during the last century.
The specs
Engine: 0.8-litre four cylinder
Power: 70bhp
Torque: 66Nm
Transmission: four-speed manual
Price: $1,075 new in 1967, now valued at $40,000
On sale: Models from 1966 to 1970
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UAE currency: the story behind the money in your pockets
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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The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km
UAE currency: the story behind the money in your pockets
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.
The specs
Engine: 3.9-litre twin-turbo V8
Transmission: seven-speed
Power: 720hp
Torque: 770Nm
Price: Dh1,100,000
On sale: now
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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
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet