A houbara bustard chick, born from a chimeric chicken, is shown off by scientists from the Central Veterinary Research Laboratory, Dubai.
A houbara bustard chick, born from a chimeric chicken, is shown off by scientists from the Central Veterinary Research Laboratory, Dubai.
A houbara bustard chick, born from a chimeric chicken, is shown off by scientists from the Central Veterinary Research Laboratory, Dubai.
A houbara bustard chick, born from a chimeric chicken, is shown off by scientists from the Central Veterinary Research Laboratory, Dubai.

A week of chicks and balances


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Sudan's electoral commission declared Omar al Bashir the winner of the country's presidential election with 68 per cent of the 10.1 million votes cast. The Carter Centre, which is run by the former US president Jimmy Carter, and the European Union, said the election was not up to international standards. Mr al Bashir has ruled Sudan since mounting a bloodless coup in 1989 to oust the winner of the previous election, which was held in 1986.

The bustard houbara, an endangered species, is difficult to breed. Chickens, however, breed like mad. Now scientists in the Emirates are keeping the houbara's numbers up with a two-step dance. First, they inject bustard cells into chicken embryos. When the resultant "chimeric chickens" mate, they produce purebred bustards, which can grow up to lead happy and productive lives.

Queen's anthem We Are The Champions played at the funeral in Jebel Ali of Christophe Hissette, the 29-year-old Belgian who died when his racing car hit a wall and caught fire at Dubai Autodrome. "He was always the star, superman, who everybody wanted to be like but could not. For me, the biggest trophy was the friendship that grew between us," said Bassam Kronfli, a fellow racer.

A report by the US-based pressure group Human Rights Watch said that about 400 men had been tortured and beaten at a secret prison operated by the office of the prime minister Nouri al Maliki. Mr al Maliki's government denied knowledge of the prison. The site was closed after the country's human rights ministry investigated it.

Two men died when a hot-air balloon crashed in the desert north of Al Ain in high winds. The dead are Mukesh Shah, 56, a Mumbai businessman, and Jean-Pierre Chamignon, 53, a Frenchman who adored flying. A crewman, Hilary Mtui, 27, from Tanzania, suffered brain damage. "My heart goes out to the victims' families and, of course, to our crew member who is in hospital," said Peter Kollar, the director of the company that operated the balloon. In 1995, three tourists to New Zealand died when a balloon piloted by Mr Kollar was blown into the South Pacific.

Eduard Tara, 41, an accomplished Romanian haikuist, won the Japan-European Union English Haiku Contest with "Unfolding a map / the cherry petals connect / Europe and Japan". The contest coincided with a visit to Tokyo by Herman van Rompuy, the European Union president, whose first book of haiku was published two weeks ago. Mr Rompuy concluded his press conference with the Japanese prime minister by saying: "The sun is rising / sleeping yet in Europe / still the same sun". Mr Tara's prize is a trip to Matsuyama, the home of modern haiku. Mr Rompuy, alas, returns to Belgium.

An oil slick off the coast of Louisiana threatened the worst environmental disaster in the US since the Exxon Valdez tanker ran aground in Alaska in 1989. Oil began escaping under the Gulf of Mexico after an explosion destroyed the Deepwater Horizon platform on April 22, killing 22 workers. A massive slick covering hundreds of square kilometers could devastate wildlife reserves along the coast and ruin commercial fisheries. Attempts are being made to set fire to the oil to reduce the pollution.

The Chennai Super Kings won the championship of cricket's wildly popular Indian Premier League, defeating the favoured Mumbai Indians by 22 runs. As the match finished, the league's mastermind and commissioner, Lalit Modi, was suspended for alleged corruption involving franchise bids and a broadcast deal.

After five years, the restoration of the façade of Moscow's Bolshoi Theatre was completed. Dmitry Medvedev, the prime minister, had ordered that the job be finished before May 9, the 65th anniversary of the end of the Second World War. Now all that is left is the inside, which officials promise will be done by 2011. The original deadline was 2008. The Bolshoi is so central an image of Russia that it appears on the 100-ruble note.

A three-year-old boy was arrested for suspected terrorism offences in France. The child, identified only by his first name, Daniel, is the son of a north African migrant who was also detained over links with radical groups. The pair had been visiting a leisure centre in the Paris suburb of Juvisy when they were stopped by police in what was claimed to be a routine traffic inspection. After being formally detained, the boy was eventually handed over to his mother two hours later. Social workers said that Daniel was in a "severely traumatised state" as a result of the ordeal, adding: "He's a terrified little boy. The whole thing has been an absolute nightmare for him."

The Eyjafjallajokull volcano continues to erupt, though not nearly so explosively as in recent weeks. According to a midweek assessment by the Icelandic Met Office, "There are no measurable indications that the summit eruption of Eyjafjallajökull is about to end." However, the ash is coarser than before, and less suited to forming massive clouds in flight paths.

According to www.weather.com, the week's high in the capital, through Thursday, was 40°C, suitable for wearing a hat. The coming week's high is predicted as 38°C. The high for the year so far was 42°C on April 9. * The National, with agencies

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet

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.”

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The biog

Name: Mariam Ketait

Emirate: Dubai

Hobbies: I enjoy travelling, experiencing new things, painting, reading, flying, and the French language

Favourite quote: "Be the change you wish to see" - unknown

Favourite activity: Connecting with different cultures

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
ESSENTIALS

The flights

Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes. 

The trip

From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.

Babumoshai Bandookbaaz

Director: Kushan Nandy

Starring: Nawazuddin Siddiqui, Bidita Bag, Jatin Goswami

Three stars

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.