Abu Dhabi Police will cut the speed limit on a main road in the emirate on Sunday in an effort to boost safety.
The force said the speed limit on Sweihan Road from Al Falah Bridge heading towards Abu Dhabi International Airport would be reduced to 120kph from 140kph.
The decision was made with the support of the Integrated Transport Centre.
Abu Dhabi Police called on motorists to abide by the new maximum speed.
“Traffic studies have shown that reducing speed leads to improvements in road safety levels,” the force said.
Abu Dhabi regularly amends speed limits on roads as part of its commitment to improving road safety.
In November, the speed limit on Abu Dhabi-Al Ain Road – on the section from Al Sad bridge to Al Amera bridge – was reduced from 160kph to 140kph.
In September, Abu Dhabi Police introduced a new speed limit on another main road in the capital.
The force said a section of the Sheikh Zayed Road would have a reduced speed limit of 100kph, down from 120kph.
The new limit applied to the Qasr Al Bahr intersection in both directions.
It is one of the main routes into the capital from the outer suburbs and Dubai.
While police typically lower speed limits, a minimum speed limit was recently introduced on a busy transport link to improve traffic low.
Since May, motorists who drive below 120 kph on the first two lanes of the four-lane Sheikh Mohammed bin Rashid Road face fines of Dh400.
“The goal of the low-speed activation is to ensure the safety of drivers, to require slow vehicles to move on the right lanes and to always make way for vehicles with preference coming from behind or from the left,” Gen Al Muhairi said.
Improving road safety
Abu Dhabi removed a buffer on stated road limits in August 2018.
Under the rule, which remains in place across the rest of the country, motorists can travel up to 20kph faster than posted limits without the risk of being fined.
Abu Dhabi Police carry out frequent awareness campaigns to boost safety and reduce accidents on roads.
A road safety initiative launched by the force received more than 35 million views on social media platforms in the first six months of the year.
In April, Abu Dhabi Police completed the installation of new electronic panels and speed signs on main roads in the emirate to warn drivers to reduce speed in hazardous weather.
They are activated during rain, strong winds, sandstorms and fog. Panels flash the speed limit of 80 kph and warn motorists to keep a safe distance between vehicles.
Police also regularly post footage of real-life traffic accidents that have occurred on Abu Dhabi’s roads in an effort to highlight the dangers of breaking traffic laws.
The short CCTV clips show different types of road accidents to alert drivers to the dangers of poor road behaviour, including driving when distracted and switching lanes at the last minute.
match info
Maratha Arabians 138-2
C Lynn 91*, A Lyth 20, B Laughlin 1-15
Team Abu Dhabi 114-3
L Wright 40*, L Malinga 0-13, M McClenaghan 1-17
Maratha Arabians won by 24 runs
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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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Favourite Emirati dish: I have so many because it has a lot of herbs and vegetables. Harees (oats with chicken) is one of them
Favourite place to go to: Dubai Mall because it has lots of sports shops.
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During her free time: I like to drink coffee - a latte no sugar and no flavours. I do not like cold drinks
Pet peeve: That with every meal they give you a fries and Pepsi. That is so unhealthy
Advice to anyone who wants to be an ironman: Go for the goal. If you are consistent, you will get there. With the first one, it might not be what they want but they should start and just do it
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