A Giant African Land Snail pictured at London Pet Show in 2015. Some of the creatures grow to become the size of a full-grown rabbit. Paul Brown / Shutterstock
A Giant African Land Snail pictured at London Pet Show in 2015. Some of the creatures grow to become the size of a full-grown rabbit. Paul Brown / Shutterstock
A Giant African Land Snail pictured at London Pet Show in 2015. Some of the creatures grow to become the size of a full-grown rabbit. Paul Brown / Shutterstock
One of the world’s most invasive species has been found in the UAE for the first time.
The Giant African Land Snail, which grows up to 20cm long, was discovered in Al Wathba on the outskirts of Abu Dhabi city.
The creature may have arrived on imported plant material, and although there is no record yet of it elsewhere in the country, experts said eliminating invasive species can be difficult.
In a new study, scientists analysed nine snails collected last year.
They lay a lot of eggs and produce a lot of offspring, so their populations will increase in size quite rapidly
They analysed the snails' genes and found the nine belonged to four distinct groups, suggesting multiple invasion events. The researchers said the species’ arrival was almost certainly recent.
Published in the Biological Journal of the Linnean Society, the study describes how the snail, native to East Africa but introduced to new countries since the 1800s, is "one of the world's most invasive species" and may have caused significant harmful economic, ecological or health effects in at least 52 countries.
The study also looked at alien populations of the snail in China, India and West Africa.
Particular alien species sometimes multiply out of control because they have no natural predators in their new habitats, and the creatures or plants they eat have not evolved natural defences to them.
By killing or outcompeting them, invasive species harm their indigenous counterparts and have been described as the biggest threat to native animals and plants after climate change and habitat loss.
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UAE's most endangered species – in pictures
The sand dune cat (Felis margarita) is a nocturnal creature that lives in shallow burrows and hunts rodents. Research published in 2005 indicated that only 250 remained in Abu Dhabi emirate. Courtesy, Al Ain Zoo
The Arabian leopard is currently listed as critically endangered. Pawan Singh / The National
This is the first sighting of the rare Rüppell's fox (Vulpes rueppellii) in 13 years. Environment Agency – Abu Dhabi
Whale sharks are known as jinbe zame in Japanese, inspiring their newly discovered residents' name.. Getty Images
Arabian Caracal (Caracal caracal) - IUCN status: least concern - thought to be extinct, the environment agency captured daytime and nighttime footage of the creature for the first time since 1984. Courtesy EAD
Green turtle (Chelonia mydas) - IUCN status: Endangered - The UAE is one of 140 countries where the green turtle is a native species; numbers have fallen worldwide - Two years ago Emirates Wildlife Society – WWF launched Gulf Green Turtle Conservation. Courtesy Paul Velasco/EWS-WWF
Socotra cormorant (Phalacrocorax nigrogularis) - IUCN status: Vulnerable - Found on islands of the coast of several Gulf states, including the UAE - Threatened by development and oil spills, the species has a total population of less than half a million. Courtesy- Rob Gubiani
Emirati leaf-toed gecko (Asaccus caudivolvulus) - IUCN status: Least concern - Only found in mountainous regions of north-eastern UAE and northern Oman - More recent research suggests it actually consists of three species, one of which is unique to the UAE – making it the country's only endemic vertebrate – and threatened by development. Photo Courtesy: Johannes Els.
Sea cow (Dugong dugon) - IUCN status: Vulnerable - Locally, boat strikes and fishing net entanglement is a threat, although there are major conservation efforts - The population in UAE waters is thought to be several thousand
The Crested Porcupine, a rodent thought to be extinct in the UAE, was recorded by camera traps in Abu Dhabi. Environment Agency – Abu Dhabi
Gulf sand gecko (Pseudoceramodactylus khobarensis) - IUCN status: Least concern - Found widely in the Arabian peninsula, especially in the UAE - This species is not endangered but its population is declining, and in the UAE it faces threats from the development of coastal sabkha habitat. Photo courtesy-Salvador Carranza)
Keyserling's wonder gecko (Teratoscincus keyserlingii) - IUCN status: Not yet evaluated - Although this species is also found in Iran, the UAE population is the only one in Arabia - Heavily threatened by development, it could be driven to extinction locally, although the Mohamed bin Zayed Species. Pritpal Soorae / Environment Agency Abu Dhabi
Hawksbill turtles, rated as Critically endangered on the International Union for Conservation of Nature Red List of Threatened Species, have begun laying their eggs on a beach in Dubai. Antonie Robertson / The National
Arabian tahr (Arabitragus jayakari) - IUCN status: Endangered - Restricted to mountainous regions of north-eastern UAE and northern Oman - Worldwide population is probably below 5,000. ANTONIE ROBERTSON / The National
Indian Ocean humpback dolphin (Sousa plumbea) - IUCN status: Endangered - Often become entangled in fishing nets - A recent census found 701 individuals, so the waters off Abu Dhabi have the world's largest single population. Roland Seitre / Minden
The semaphore gecko is one of several species we have learned a great deal about in recent years. Getty Images
The Houbara bustard is classified as a vulnerable species by the International Union for Conservation of Nature. Courtesy International Fund For Houbara Conservation
Arabian oryx (Oryx leucoryx) - IUCN status: Vulnerable - Formerly listed as endangered, the UAE's reintroduction programme has helped to increase numbers - The wild population is about 1,200, just over half of which are UAE reintroduced individuals. Mike Young / The National
Egyptian spiny-tailed lizard (Uromastyx aegyptia) - IUCN status: Vulnerable - Found in much of the Middle East in gravelly and stony areas, but numbers have declined - Two sub-species exist in the UAE, where it is threatened by habitat loss
Green sawfish (Pristis zijsron) - IUCN status: Critically endangered - The largest sawfish, it can reach up to seven metres in length - This coastal species has declined across its range and has become extinct from some countries. AP Photo
The Arabian tahr has been categorised as an endangered species, with a global population of less than 5,000. Courtesy TDIC
Blacktip reef shark (Carcharhinus melanopterus) - IUCN status: Near threatened - Populations have suffered because of fishing - This species was spotted this year off the UAE's east coast
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The Giant African Land Snail eats crops and other vegetation and can spread bacteria that cause septicaemia in people and a roundworm associated with a severe form of meningitis.
Despite that, the snail is a popular pet – not least because it can grow to the size of a rabbit.
“Species such as the Giant African Land Snail have really high reproductive potential; they lay a lot of eggs and produce a lot of offspring, so their populations will increase in size quite rapidly,” said Prof Helen Roy, an invasive alien species specialist at the UK Centre for Ecology & Hydrology.
Although it reaches sexually mature first as a male, it goes on to become hermaphrodite, producing male and female sex cells simultaneously, allowing self-fertilisation.
As a result, Prof Roy said it could be “very difficult” to eliminate invertebrates like the snail once they became established in a new area.
The Environment Agency – Abu Dhabi was involved in the research and contributed to the recently published paper.
The organisation said there had been only “one record from one very localized area” of the snail in the UAE, adding that the creatures were being monitored as part of EAD’s “alien species” programme.
The Giant African Land Snail that has been found in the Al Wathba area of Abu Dhabi. It is one of the world's most invasive species and has been found in 52 countries. All photos courtesy Environment Agency - Abu Dhabi.
The creature may have arrived on imported plant material.
Environmental chiefs are monitoring the situation.
“Since it was only localized, the area was checked and any visible snails collected,” a spokesperson said. “It could become a problem if the species became widespread.”
Species such as the Giant African Land Snail are “passive dispersers”, said one of the paper’s authors, Fred Naggs of the Natural History Museum in London.
“They are primarily carried on goods, mostly on imported plants or soil associated with imported plant material,” he said.
“It might only take a tiny egg to source a population. The only ways to guard against this are for thorough checks to be carried out on imported goods and for any outbreaks to be promptly identified and eradicated.”
In some countries, tens of millions of dollars have been spent trying to eliminate alien species because of the harm they cause, so preventing new species from arriving is “a much better option”, according to Prof Tim Blackburn, a professor of invasion biology at University College London not connected to the new research.
Dan Eatherley, a UK-based environmental consultant and author of Invasive Aliens, a book about invasive species, suggested they were not always as harmful to local flora and fauna as suggested.
“There are surprisingly few cases of an invasive species alone causing extinction,” he said.
“Other man-made factors are often as much to blame.”
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.
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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.”
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
The line up
Friday: Giggs, Sho Madjozi and Masego
Saturday: Nas, Lion Bbae, Roxanne Shante and DaniLeigh
Sole DXB runs from December 6 to 8 at Dubai Design District. Weekend pass is Dh295 while a one day pass is Dh195. Tickets are available from www.soledxb.com