One of the cheetah cubs taken in by the Al Ain Zoo after being smuggled into Dubai. A conservationist believes a cheetah owners club could increase the illegal trade.
One of the cheetah cubs taken in by the Al Ain Zoo after being smuggled into Dubai. A conservationist believes a cheetah owners club could increase the illegal trade.
One of the cheetah cubs taken in by the Al Ain Zoo after being smuggled into Dubai. A conservationist believes a cheetah owners club could increase the illegal trade.
One of the cheetah cubs taken in by the Al Ain Zoo after being smuggled into Dubai. A conservationist believes a cheetah owners club could increase the illegal trade.

Cheetah owners club would increase smuggling, expert says


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DUBAI // A wildlife expert has criticised plans to set up a club for cheetah owners , warning it could lead to an increase in the number of cubs smuggled into the country.

Dr Reza Khan, a member of the World Commission on Protected Areas, said: "We cannot have a club for cheetah owners because this is not a pet animal.

"It will encourage more smuggling. It is bound to open a mad race to become the proud owner of as many cheetahs as possible by club members."

Dr Khan also questioned a suggestion that most captive cheetahs in the country were well looked after. He quoted the case of the young animal recently found wandering the streets of Karama in the capital, with a heavy chain around its neck and a broken foreleg.

The idea for a cheetah club was raised last week by the conservationist Dr Mordecai Ogada, of Kenya, who is calling for a campaign in the UAE to raise awareness of the damage caused to wild populations by the illegal trade in cubs.

The club would raise funds for or sponsor conservation and research, and organise trips to see wild cheetahs in Africa.

Dr Ogada, the East African co-ordinator of a cheetah conservation programme, said most captive cheetahs in the UAE were loved and cared for at great expense.

"Where they are not well cared for, this is a result of ignorance, not malice, on the part of the owners," he said.

But Dr Khan, from Dubai, said: "The statement is totally wrong when you see the poor cheetah found roaming in Abu Dhabi with a huge chain locked around its neck and a portion dangling from it." He said some cheetahs in the UAE were kept in good conditions with huge areas of land in which to roam, but added: "No wild cats should be kept as a pet or in private collections, where most lead an imprisoned life as they are kept in below-standard cages."

The cheetah is listed by the Convention on International Trade in Endangered Species as being threatened with extinction, and trade in the animals is illegal except in exceptional circumstances.

Dr Khan said the animal's conservation status meant it would be wrong to start a club.

Dr Ogada said: "Overall, my personal feelings don't differ from Dr Khan's. If I had my way, nobody would keep any wild animal captive, ever. But conservation is a people issue and social sensitivity is paramount.

"There are definitely cheetahs, and dog, cats, parrots … that are badly treated in the UAE, and all over, but there are those that are well treated and we want a club that can help or force every cheetah owner to treat them well."

The Cheetah Conservation Fund, which runs a number of programmes intended to ensure the long-term survival of the world's fastest land animal, has backed the proposals from an educational point of view.

Dr Laurie Marker, the founder and director of thefund in Namibia, said: "I applaud Dr Ogada's plan to stem the illegal trade of wild cheetah cubs from Africa to the Middle East.

"Dr Ogada plans to educate private cheetah owners about the threat to wild cheetahs posed by the illegal pet trade.

"I doubt if the people who have purchased cheetah cubs realise that only about one in four smuggled cubs survives the journey, or that the mother was more than likely killed to get the cubs.

"Despite, or perhaps due in part to their threatened status, cheetahs are still considered a prestigious possession in certain parts of the world.

"I call upon citizens of these areas, and specifically the UAE, to declare cheetah ownership a shameful, rather than prestigious, practice.

"Those who truly admire and appreciate the cheetah will do all they can to perpetuate the species in the wild.

"And for most people that means speaking out about the flourishing illegal pet trade of cheetahs in the UAE and other areas of the Middle East."

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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.

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Manchester City 3
Danilo (16'), Bernardo Silva (34'), Fernandinho (72')

Brighton & Hove Albion 1
Ulloa (20')

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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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The Byblos iftar in numbers

29 or 30 days – the number of iftar services held during the holy month

50 staff members required to prepare an iftar

200 to 350 the number of people served iftar nightly

160 litres of the traditional Ramadan drink, jalab, is served in total

500 litres of soup is served during the holy month

200 kilograms of meat is used for various dishes

350 kilograms of onion is used in dishes

5 minutes – the average time that staff have to eat
 

UAE currency: the story behind the money in your pockets