Crash footage hits home at world's biggest traffic safety lecture


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ABU DHABI // Mariam Abdulla took a quick breath when she saw a graphic video of a car being crushed after a lorry ran a red light.

"I thought driving through red lights was OK and not very important," she said. "We do it often."

Mariam, 16, knew ignoring the stop signal was illegal. But until a traffic lecture yesterday, presented by the Abu Dhabi Traffic Police, she did not understand why.

Mariam was one of about 2,000 young people who attended the one-hour talk, which set a Guinness World Record for the largest traffic lecture. Police did not release the exact number of participants.

The lecture was for students, mostly between 15 and 18, at the National Theatre and organised over 10 months by the Ministry of Interior and the police.

"Why in the UAE do we have more deaths from accidents than from diseases?" asked Faiza Mubarak, a lab assistant who accompanied 20 students from Al Mawaheb school.

The school takes safety seriously following the death of a 13-year-old pupil in a car accident three years ago.

Last year, another student was hospitalised for a month.

Every pupil made the effort to visit the hospital and the victim's family, and this year the school has a special team devoted to raising road safety awareness. Pupils at yesterday's lecture will organise presentations of their own when they return to school.

"Students need more information and they have to send this message to their family," said Ms Mubarak.

"They have to know more before they drive. We have to protect ourselves."

The lecture began with statistics flashed on screens but it was the videos of violent crashes that had the greatest effect on Mariam and her peers.

"They put everything in the law but now I know there is a reason for it," Mariam said. "I'm going to tell my friends. I'm not going to let them cross the red light, I'll get out of the car."

During the video presentation, giggles from the boys quickly turned to gasps as images of bodies being thrown from vehicles flashed across the screen.

Clips were followed by the question "who is responsible?".

Police described the loss of life on UAE roads as a "bleeding war" and delivered their message with a strong dose of patriotism that made it clear it was a national duty to act responsibly.

For many youths the videos were also reminders of friends who had died.

"The strong tone of some videos and photos used in the awareness campaign is intended to make people strongly consider the seriousness of the traffic safety message," said Lt Col Jamal Al Ameri, head of public relations at the Abu Dhabi Traffic and Patrols Directorate.

The Old Slave and the Mastiff

Patrick Chamoiseau

Translated from the French and Creole by Linda Coverdale

Company profile

Name: Steppi

Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

At Everton Appearances: 77; Goals: 17

At Manchester United Appearances: 559; Goals: 253

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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.”

Russia's Muslim Heartlands

Dominic Rubin, Oxford

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Brief scores:

Kashima Antlers 0

River Plate 4

Zuculini 24', Martinez 73', 90 2', Borre 89' (pen)

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Asia Cup Qualifier

Final
UAE v Hong Kong

TV:
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