At least 870 people were rescued by emergency teams after flash floods in the UAE's Northern Emirates, the government said.
In total, 3,897 people were placed in temporary shelter in Sharjah and Fujairah and will remain there until their homes are deemed safe for them to return.
The National Emergency, Crisis and Disasters Management Authority (Ncema) said 20 hotels in those areas have the capacity to house an additional 1,885 people, if needed.
Weather officials said the deluge on Wednesday contributed to this month being the wettest July in more than 30 years.
It is expected that the depression will continue to exist in the west of the country and will gradually weaken during the evening and night [on Thursday]
National Centre of Meteorology
More than 50 buses have been mobilised over the past 24 hours to carry people to safety and more than 100 volunteers have been working to help residents and clean up debris and pools of water left by the heavy rainfall.
Officials assured the public that emergency and clean-up teams are working around the clock to help those in the most flood-affected areas.
No deaths or casualties were reported.
Sheikh Hamdan bin Zayed, the Ruler’s Representative in Al Dhafra Region and chairman of the Emirates Red Crescent, instructed the ERC and its centres across the country to provide all forms of logistical and field support to Emirati teams supporting those affected by the rain, in addition to putting the authority’s workers and volunteers on standby.
He also directed the authority’s teams to be placed under the command of the competent authorities, assess the situation on ground and develop plans for evacuation, shelter and psychological support, as well as provide the humanitarian needs of the affected people whenever necessary.
ERC field teams have been present since Wednesday in the affected areas in the Northern Emirates to provide the necessary support and assistance.
The ERC's emergency room is closely monitoring the weather situation and in constant contact with the concerned authorities in this regard.
A spokesman for the NCM said the adverse weather was caused by a bout of upper and surface air depression from northern India through southern Pakistan heading towards the UAE, which resulted in the formation of heavy rain clouds.
“It is expected that the depression will continue to exist in the west of the country and will gradually weaken during the evening and night [on Thursday], with the continuation of the chance of some rain clouds forming over some eastern and western regions of the country,” he said.
“In general, the situation has weakened since yesterday.”
There were 20 weather warnings issued between July 23 and today, including 70 alerts on social media.
Brig Gen Dr Ali Al Tunaiji, spokesman for the Ministry of Interior, urged the public to closely monitor the NCM weather alerts and abide by warnings sent out by the authorities.
He commended the efforts of those involved in the rescue and clean-up operations.
On Thursday, Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, inspected the areas affected by the heavy rains in the emirate.
During the inspection tour, he stressed that efforts will continue and all resources will be allocated to deal with the current situation.
Over the past few days, parts of the UAE have already received more than twice the country's typical annual rainfall.
The highest rainfall was recorded at a National Centre of Meteorology rain gauge in Fujairah Port where 234.9mm of rain fell from 10:30pm on July 25 to 9.18am on Thursday.
The second highest was Masafi — 209.7mm — with the third highest recorded in Fujairah Airport with 187.9mm.
Late on Wednesday, the government said non-essential public and private sector workers in flood-affected areas, including Sharjah, Fujairah and Ras Al Khaimah, could work from home on Thursday and Friday.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, also called on nearby hotels to provide temporary accommodation for people displaced from their homes by the adverse weather. A report is being drawn up to assess the damage caused by the floods so that work can commence to protect people and property in the Emirates.
Per the latest weather report, things are expected to ease slightly on Friday, although there will be a chance of rain over some areas of the country.
"Partly cloudy in general with another increase in temperatures and the probability of some convective cloud formation over some eastern areas, which may extend over internal areas during daytime," the NCM bulletin said.
"Expect light to moderate south-easterly to north-easterly winds, freshening at times causing blowing dust and sand, with a speed of 15–25km per hour.
"The sea will be rough to moderate in the Arabian Gulf and moderate to slight in the Oman Sea."
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5) Angelo Peruzzi, Inter Milan to Lazio (£15.7m
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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
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GROUPS AND FIXTURES
Group A
UAE, Italy, Japan, Spain
Group B
Egypt, Iran, Mexico, Russia
Tuesday
4.15pm: Italy v Japan
5.30pm: Spain v UAE
6.45pm: Egypt v Russia
8pm: Iran v Mexico
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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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.”
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
Royal wedding inspired menu
Ginger, citrus and orange blossom iced tea
Avocado ranch dip with crudites
Cucumber, smoked salmon and cream cheese mini club sandwiches
Elderflower and lemon syllabub meringue
Overview
Cricket World Cup League Two: Nepal, Oman, United States tri-series, Tribhuvan University, Kathmandu
Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal
Company profile: buybackbazaar.com
Name: buybackbazaar.com
Started: January 2018
Founder(s): Pishu Ganglani and Ricky Husaini
Based: Dubai
Sector: FinTech, micro finance
Initial investment: $1 million
UAE currency: the story behind the money in your pockets
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5