Two people were killed in a road accidents on the first day of Eid Al Adha in Dubai. Photo: Dubai Police
Two people were killed in a road accidents on the first day of Eid Al Adha in Dubai. Photo: Dubai Police
Two people were killed in a road accidents on the first day of Eid Al Adha in Dubai. Photo: Dubai Police
Two people were killed in a road accidents on the first day of Eid Al Adha in Dubai. Photo: Dubai Police

UAE

Two killed in Dubai road accidents during Eid Al Adha

Nine accidents were recorded in during the holy break

Ali Al Shouk
Ali Al Shouk

July 12, 2022

  • English
  • Arabic

Two people were killed and eight others injured in traffic accidents on Dubai's roads during Eid Al Adha.

Police said that a total of nine accidents occurred during the holiday.

Both deaths were as a result of a vehicle collision with a pedestrian on the first day of Eid Al Adha.

Col Jumaa Bin Suwaidan, acting director of Dubai Police's Traffic Department, confirmed the fatalities happened on Saturday.

“First day of Eid Al Adha witnessed five traffic accidents where two people died in two run-over incidents. Four people were injured in three collision accidents,” said Col Bin Suwaidan.

“We spread more patrols on highways during the holiday and in high population areas to prevent pedestrians crossing from non-designated areas,” he added.

Speeding, failing to adhere to traffic laws and not leaving a safe distance between vehicles were the main reasons for the accidents.

Two accidents occurred during the second day of the Eid Al Adha at Al Refaa area and Umm Suqeim road, resulting in two moderate injuries.

One driver sustained a minor injury in a traffic accident on Friday between two vehicles at International City road, while there was one accident on the last day of Eid in which a driver was injured.

Col Bin Suwaidan urged motorists not to use mobile devices and to keep their attention on the road while following the speed limit.

Dubai Police's Command Centre received 50,748 calls on its emergency hotline 999 during Eid Al Adha.

Meanwhile, Sharjah recorded zero traffic deaths between July 9 and 11, while the call centre of its Central Operations Room received 22,112 phone calls.

Beachgoers enjoyed a safe holiday as Dubai Police recorded no maritime incidents.

Col Rashid Thani Al Ayel, deputy director of Ports Police Station, said they put in place a plan to secure beachgoers at 12 points across Dubai’s shores.

“There were zero incidents during the holiday. We spread patrols, jet-skies, and rescue boats across the beaches practically in JBR, Al Mamzar and Water Canal,” he said.

Dubai Police's Land Rescue Department recorded 20 incidents during the holiday, including people trapped in lifts and cars that were accidentally damaged.

Dubai Police supercars: in pictures

  • A Dubai Police Ferrari supercar on display during the Dubai Airshow. Christopher Furlong / Getty Images
    A Dubai Police Ferrari supercar on display during the Dubai Airshow. Christopher Furlong / Getty Images
  • First lieutenant Mohamed Ebrahim Al Suwaidi with the new Dubai Police car an Audi RS e-trom GT, the force's first electric sports car. Chris Whiteoak / The National
    First lieutenant Mohamed Ebrahim Al Suwaidi with the new Dubai Police car an Audi RS e-trom GT, the force's first electric sports car. Chris Whiteoak / The National
  • Dubai Police took delivery of a Hongqi E-HS9 suv vehicle - the force's first electric vehicle - from Oneroad Automotive Company at the Dubai Police Officers Club. Dubai Police
    Dubai Police took delivery of a Hongqi E-HS9 suv vehicle - the force's first electric vehicle - from Oneroad Automotive Company at the Dubai Police Officers Club. Dubai Police
  • Dubai Police supercars at the start of the Dubai Run. Photo: Dubai Media Office
    Dubai Police supercars at the start of the Dubai Run. Photo: Dubai Media Office
  • The Lamborghini Aventador, left, and the Ferrari FF were the first supercars to get the Dubai Police decal treatment. Courtesy Dubai Police
    The Lamborghini Aventador, left, and the Ferrari FF were the first supercars to get the Dubai Police decal treatment. Courtesy Dubai Police
  • Dubai Police unveiled new supercars at the Dubai International Motor Show including the Mercedes G class Brabus. Pawan Singh / The National
    Dubai Police unveiled new supercars at the Dubai International Motor Show including the Mercedes G class Brabus. Pawan Singh / The National
  • Dubai Police added the Ferrari FF (pictured) to its fleet. Courtesy Dubai Police
    Dubai Police added the Ferrari FF (pictured) to its fleet. Courtesy Dubai Police
  • A selection of the Dubai Police fleet: Ferrari FF, Mercedes-Benz SLS-AMG, Bentley Continental GT, Porsche Panamera and Mercedes-Benz/Brabus G700. Photo: WSF Creative
    A selection of the Dubai Police fleet: Ferrari FF, Mercedes-Benz SLS-AMG, Bentley Continental GT, Porsche Panamera and Mercedes-Benz/Brabus G700. Photo: WSF Creative
  • Dubai Police own a Bugatti Veyron, which can reach a speed of more than 400kph. EPA
    Dubai Police own a Bugatti Veyron, which can reach a speed of more than 400kph. EPA
  • The Maserati GranTurismo allows traffic police to cruise the streets of Dubai in style, as well as comfort. Photo: Dubai Police
    The Maserati GranTurismo allows traffic police to cruise the streets of Dubai in style, as well as comfort. Photo: Dubai Police
  • The McLaren MP4-12C packs a punch on the open road with a top speed of about 200kph thanks to its twin-turbo charged V8 engine. Photo: Dubai Police
    The McLaren MP4-12C packs a punch on the open road with a top speed of about 200kph thanks to its twin-turbo charged V8 engine. Photo: Dubai Police
  • Dubai Police hinted in 2019 that the newly Tesla Cybertruck could be added to the force’s impressive fleet of patrol vehicles. Photo: @mostaqbal_ae / Dubai Future Foundation
    Dubai Police hinted in 2019 that the newly Tesla Cybertruck could be added to the force’s impressive fleet of patrol vehicles. Photo: @mostaqbal_ae / Dubai Future Foundation
  • The Mercedes-Benz SLS-AMG can hit 100kph in only 3 seconds thanks to its nine-speed automatic gearbox and AMG-tuned, all-wheel drive system. Photo: WSF Creative
    The Mercedes-Benz SLS-AMG can hit 100kph in only 3 seconds thanks to its nine-speed automatic gearbox and AMG-tuned, all-wheel drive system. Photo: WSF Creative
  • The hybrid electric BMW i8 has a top speed of 250kph. Antonie Robertson / The National
    The hybrid electric BMW i8 has a top speed of 250kph. Antonie Robertson / The National
  • Aston Martin created a special factory staffed by 27 of its finest engineers to produce the exclusive One-77. Sarah Dea / The National
    Aston Martin created a special factory staffed by 27 of its finest engineers to produce the exclusive One-77. Sarah Dea / The National
  • Named after a Spanish fighting bull, the Lamborghini Aventador was initially limited to 4,000 models, with Dubai Police snapping up one of the V12s and coating it in green and white. Photo: Dubai Police
    Named after a Spanish fighting bull, the Lamborghini Aventador was initially limited to 4,000 models, with Dubai Police snapping up one of the V12s and coating it in green and white. Photo: Dubai Police
  • Described by Toyota as delivering a 'powerful but pure' driving experience, the Supra can hit 100kph in only 4.3 seconds and has a top speed of 250kph. Photo: Dubai Police
    Described by Toyota as delivering a 'powerful but pure' driving experience, the Supra can hit 100kph in only 4.3 seconds and has a top speed of 250kph. Photo: Dubai Police
  • The 4 litre V8 Mercedes-Benz G 63 is ready for action, both on and off the road. Pawan Singh / The National
    The 4 litre V8 Mercedes-Benz G 63 is ready for action, both on and off the road. Pawan Singh / The National
  • The Bentley Continental GT, with a huge six-litre engine and top speed of 318kph, ensures police can get where they need to be in style, and on time. Photo: Dubai Police
    The Bentley Continental GT, with a huge six-litre engine and top speed of 318kph, ensures police can get where they need to be in style, and on time. Photo: Dubai Police

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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.”

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When: Thursday, kick-off 10.45pm
Live: On BeIN Sports HD

Tips for taking the metro

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- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

England World Cup squad

Eoin Morgan (capt), Moeen Ali, Jofra Archer, Jonny Bairstow, Jos Buttler (wkt), Tom Curran, Liam Dawson, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, James Vince, Chris Woakes, Mark Wood

Updated: July 12, 2022, 1:37 PM
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