An Emirati fisherman has defended the killing of three huge bull sharks and said they were caught and sold legally.
Eid Suleiman, 51, reeled in the first shark weighing about 350kg on a fishing trip about 75km off the coast of Fujairah on Saturday.
He then killed and hauled aboard two bull sharks weighing 327kg and 280kg on Sunday.
The boat owner was investigated last year for killing a pregnant 350kg shark during a ban but was later let off for expressing "remorse for his actions", officials said at the time.
It's hard to avoid the shark in that area as there are plenty of them eating our catch
The fish was caught within the February 1 to June 30 ban on bull shark hunting last year.
The hunting ban period has since been decreased by the Ministry of Environment and Climate Change to March 1 to June 30.
Mr Suleiman told The National the three-metre-long shark ate his catch and was hooked while fishing.
“I was fishing for kofer and argyrops spinifer when the shark caught the bait and refused to let go,” he said.
“It’s hard to avoid the shark in that area as there are plenty of them eating our catch. I called on the workers to come and help me pull it out of the water."
Two other boats and 10 crew helped him pull the shark out of the water in a process that took more than two hours.
“We lured it close to the boat and then pulled it out of the water using a big hook attached to a strong rope,” said Mr Suleiman.
“It was a huge shark and the buyers at the fishmarket offered me Dh4,000 but I sold it to a private buyer who offered more."
On Sunday, he brought two more bull sharks to the port which he said were caught the same way.
Local residents gathered by the dockside to pose for photos with the huge fish and the images quickly spread on social media. The hunting ban this year does not come in until March 1.
“They were also caught unintentionally, but it happened and I managed to make a good amount after selling them,” he said.
Bull sharks are among the most aggressive species and are diadromous, meaning they can swim in salt and fresh water with ease. They have been linked to attacks in fresh water rivers where humans swim.
But they are classed as 'near threatened' and marine experts fear such killings go unchallenged too often.
They are relatively common off the UAE coast at this time of year.
Sharks are a key indicator of ocean health. They play a vital role in maintaining the ecosystem by helping to remove weak and sick fish as well as keeping the balance between marine competitors and ensuring species diversity.
Numerous studies have shown that a depletion of shark numbers has led to the loss of commercially important fish and shellfish species further down the food chain.
In 2018, The National reported that sharks were still being caught and traded offshore despite the seasonal ban.
Fishermen claimed they were being caught accidentally but still being sold for high prices.
The UAE has 153 chondrichthyans, a class of cartilaginous fish that includes sharks, rays, skates, sawfish and chimaeras. Of these, 78 species are considered threatened in the Arabian Sea region.
The UAE Shark Assessment Report, released by the ministry in June 2018, states three species have not been recorded in the region for at least three decades and are possibly extinct here. Of the remainder, nearly one in 10 are classified as critically endangered, one in five are endangered and one in five are vulnerable.
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The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
MATCH INFO
Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai
UAE currency: the story behind the money in your pockets
UAE%20v%20West%20Indies
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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.”
UAE currency: the story behind the money in your pockets
THE%20SPECS
%3Cp%3EEngine%3A%203-litre%20V6%20turbo%20(standard%20model%2C%20E-hybrid)%3B%204-litre%20V8%20biturbo%20(S)%0D%3Cbr%3EPower%3A%20350hp%20(standard)%3B%20463hp%20(E-hybrid)%3B%20467hp%20(S)%0D%3Cbr%3ETorque%3A%20500Nm%20(standard)%3B%20650Nm%20(E-hybrid)%3B%20600Nm%20(S)%0D%0D%3Cbr%3EPrice%3A%20From%20Dh368%2C500%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Simran
Director Hansal Mehta
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Three stars
ULTRA PROCESSED FOODS
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- Margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars
- Energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- Infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes
- Many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts
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
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- Eighth place in Premier League in 2015/16
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Price: Dh810,000