Front, from left, Kenan Jiakli, a mentor, Dhanya Baby, Tina Kim and Krishna Gaire; back, from left, Muhammad Mirza, Kourosh Salehi-Ashtiani, Sahan Tampoe and Jovan Jovancevic. They won a bronze for a self-sustaining mosquito trap. Mona Al Marzooqi / The National
Front, from left, Kenan Jiakli, a mentor, Dhanya Baby, Tina Kim and Krishna Gaire; back, from left, Muhammad Mirza, Kourosh Salehi-Ashtiani, Sahan Tampoe and Jovan Jovancevic. They won a bronze for a self-sustaining mosquito trap. Mona Al Marzooqi / The National
Front, from left, Kenan Jiakli, a mentor, Dhanya Baby, Tina Kim and Krishna Gaire; back, from left, Muhammad Mirza, Kourosh Salehi-Ashtiani, Sahan Tampoe and Jovan Jovancevic. They won a bronze for a self-sustaining mosquito trap. Mona Al Marzooqi / The National
Front, from left, Kenan Jiakli, a mentor, Dhanya Baby, Tina Kim and Krishna Gaire; back, from left, Muhammad Mirza, Kourosh Salehi-Ashtiani, Sahan Tampoe and Jovan Jovancevic. They won a bronze for a

Abu Dhabi students receive recognition for mosquito-killing device


  • English
  • Arabic

ABU DHABI // Students from New York University Abu Dhabi won a bronze medal at a recently held science competition in the United States for an invention that could quell the spread of deadly mosquito-borne illnesses.

The team of eight engineering and biology students developed a “self-sustaining mosquito trap”, which uses chemical compounds in E.coli bacteria to attract mosquitoes, which are then killed upon contact with an electric mesh.

The self-sustaining aspect of the trap lies in how the potency of the deadly bacteria is maintained.

The dead mosquitoes fall into the trap and are partially digested by the E.coli, allowing the bacteria to sustain its growth and continue killing the tiny pests.

Last month three members of the group travelled to Boston to become the first team from the UAE to participate at the International Genetically Engineered Machine Competition, which aims to advance the field of synthetic biology.

For their invention, the group of biology, engineering, and mathematics students Dhanya Baby, 20, Jovan Jovancevic, 20, Krishna Gaire, 19, Muhammad Mirza, 20, Sahan Tampoe, 21, Shien Yang Lee, 22, Tina Kim, 20, and Quan Vuong, 21, brought home one of a limited number of bronze medals awarded – also a UAE first.

Biology student Dhanya Baby said the group focused on the Aedes Aegypti species, which has been found to play a key role in the spread of tropical diseases such as dengue fever, chikungunya, and yellow fever, among others.

The initial research involved working with chemical compounds known to attract the insects, she said.

“We thought it might be more promising and significant if we looked at developing a mosquito trap using common attractants,” she said.

“The mosquito has receptors for these, which essentially means it has proteins that bind to these compounds, so it’s able to sense them.”

Work on the trap began in May with brainstorming sessions, which were followed by development in a lab, leading up to the competition between September 24 and 28, which had 280 teams participating.

Research by the Bill and Melinda Gates Foundation referenced by the group reveals that mosquitoes are responsible for 750,000 deaths a year, while incapacitating 200 million people annually through malaria alone.

“Mosquitoes are considered to be one of the deadliest animals in the world, even more than human beings,” said computer engineering student Krishna Gaire.

Ms Baby said: “The diseases that we looked at have no cures. It’s a huge issue, especially in third-world countries.

“If we can come up with an environmentally sustainable trap to target these mosquitoes, it could effect a lot of people,” she said.

Engineering student Jovan Jovancevic said the actual testing of the trap would continue to determine if it could be used outside a laboratory, but a separate objective was to represent the Middle East at the international competition.

“We wanted to create this first step for future generations, one for our university and also for the region,” he said.

While winning the first medal for the UAE was an accomplishment, Kourosh Salehi Ashtiani, an associate professor of biology at NYUAD and the group’s primary mentor, said putting together a team of students from different fields and cultural backgrounds – all eight come from different countries – at the same table was also a goal of the project.

“The whole idea of the project was based on the team brainstorming and discussing the project,” he said.

“We are really excited to see students from different disciplines coming together.”

esamoglou@thenational.ae

MANDOOB
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While you're here
THREE
%3Cp%3EDirector%3A%20Nayla%20Al%20Khaja%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Jefferson%20Hall%2C%20Faten%20Ahmed%2C%20Noura%20Alabed%2C%20Saud%20Alzarooni%3C%2Fp%3E%0A%3Cp%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
The story of Edge

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.

It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.

Edge has an annual revenue of $5 billion and employs more than 12,000 people.

Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab

 

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

COMPANY%20PROFILE
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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Superliminal%20
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How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

BELGIUM%20SQUAD
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Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

Elvis
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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.”

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

How to become a Boglehead

Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.

•   Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.

•   Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.

•   Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.

•   Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.

•   Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.

•   Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.

•   Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.

•   Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.

Ad Astra

Director: James Gray

Stars: Brad Pitt, Tommy Lee Jones

Five out of five stars 

Avatar%3A%20The%20Way%20of%20Water
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Company%20profile
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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

UAE%20medallists%20at%20Asian%20Games%202023
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England's Ashes squad

Joe Root (captain), Moeen Ali, Jimmy Anderson, Jofra Archer, Jonny Bairstow, Stuart Broad, Rory Burns, Jos Buttler, Sam Curran, Joe Denly, Jason Roy, Ben Stokes, Olly Stone, Chris Woakes.