UAE sustainability: How an Abu Dhabi fund is bringing world's endangered species back from brink


Daniel Bardsley
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The carbonera pupfish, blue and gold metallic in colour, is found in only a small area of north-western Mexico.

Its existence is so precarious that it was once thought to be extinct.

It was rediscovered in 2012, but four of the five springs where it was found were dry, so the species – members of which grow to about 6 centimetres – was critically imperilled.

In a project supported by the Mohammed bin Zayed Species Conservation Fund, the pupfish were taken to a nearby natural refuge, saving them from their potential demise.

The carbonera pupfish, or cyprinodon fontinalis, is one of 1,402 species or subspecies to have benefited from grants made by the fund since its launch in 2009 by Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.

It is a truly unique organisation devoted to species conservation

With species becoming extinct at 1,000 to 10,000 times the natural rate, according to the World Wide Fund for Nature, the project could not be more critical.

“Biodiversity loss is a global crisis and as such we must focus on the issue globally,” said Razan Al Mubarak, the fund’s managing director.

"It is estimated that we are losing more than 10 million species to extinction every year. This is a rate that is 1,000 times that of at any other time.

“This biodiversity loss is one of the most significant global crises we face today, on the same scale as climate change.

"Therefore, it is very important that the fund provides financial support to species conservation projects in the UAE and across the world.”

How does the fund operate?

The fund offers microfinancing to practical projects that help to conserve species of animals, plants or fungi.

It was launched with an initial endowment of $25 million (Dh91.82m), and portion is given each year to projects.

The first grants were made in March 2010. A total of 2,392 grants, totalling $21m, have now been awarded. The maximum awarded is $25,000 a project.

The pupfish is found in only a small area of northwestern Mexico. Thanks to the fund, it has be saved. Courtesy Mohamed Bin Zayed Species Conservation Fund
The pupfish is found in only a small area of northwestern Mexico. Thanks to the fund, it has be saved. Courtesy Mohamed Bin Zayed Species Conservation Fund

Projects anywhere in the world are eligible and schemes in more than 160 countries have been given grants.

Applications can be made year-round through the fund’s website and are considered by the fund’s management.

They are reviewed three times a year by an advisory board, which then makes recommendations to a board of directors.

In 2019, for example, $1.5m was awarded to 170 projects out of 1,647 applications.

Among the researchers whose work has been supported by the fund is Prof Salvador Carranza, director of the Institute of Evolutionary Biology at Pompeu Fabra University, Barcelona.

Four projects he has been involved with have received assistance, including one looking at the wonder gecko in the UAE and another at reptiles on the Socotra Archipelago near the Gulf of Aden.

The research highlighted patterns of genetic diversity, which could help with conservation planning.

“The support was critical for the project ... without its help we could not have travelled to Socotra to carry out the field study,” Prof Carranza said.

He said he had been “consistently impressed by their [the fund's] efficiency, their interest in the projects and their help”.

“It is a truly unique organisation devoted to species conservation,” he said. “A very successful example to follow.”

The fund supported projects to assess threats to Pakistan’s fishing cat and educate people about conservation. Courtesy Mohamed Bin Zayed Species Conservation Fund
The fund supported projects to assess threats to Pakistan’s fishing cat and educate people about conservation. Courtesy Mohamed Bin Zayed Species Conservation Fund

Why are projects linked to particular species?

The focus on individual species or sub-species is deliberate. The fund said that since the “golden era” of species conservation in the 1960s and '70s, when the emphasis was on collecting data about species in their habitats, things have changed.

“A significant portion of conservation work today is lab work, conservation planning and analysis work, that is done in offices,” it said.

The broadening of conservation to include advice from the likes of social scientists and economists has “unintentionally” created a shortfall in efforts to conserve species.

“The fund wants to help those conservationists for whom it is important to get back out into the field and keep that connection with nature alive,” its report said.

Ms Al Mubarak said focusing on individual species created wider benefits because conservationists did not gather data just for the target species, but also for other species, their habitat and the threats they faced.

“Our grants support individual species, sure, but our grants go to conservationists,” she said.

“Conservationists are nature’s first responders, security detail, and scientists searching for a cure to the extinction pandemic.

“Without conservationists in the field, we lose our first line of defence against habitat destruction, deforestation, overhunting, poaching and pollution.

“When we support a conservationist, chances are good that the conservationist will receive funding from other sources as well. Support from the MBZ Fund is often the spark that lights the fire of conservation.”

She said her favourite projects included one where a community group in Australia banded together to help protect the Mary River turtle, and another in which simply putting up a fence prevented rockhopper penguins in Tristan Da Cunha, in the South Atlantic, from falling to their deaths.

Others include the discovery and protection of a tree on a university campus in Pakistan that had been thought to be extinct, and the rediscovery of a lost frog species in Zimbabwe.

The fund supported plantations of thousands of seedlings of a coniferous tree, araucaria angustifolia, in Brazil. This will encourage animals to return. Courtesy Mohamed Bin Zayed Species Conservation Fund
The fund supported plantations of thousands of seedlings of a coniferous tree, araucaria angustifolia, in Brazil. This will encourage animals to return. Courtesy Mohamed Bin Zayed Species Conservation Fund

Prof Carranza said it could be more efficient to concentrate on conserving a flagship or “umbrella” species in an at-risk habitat.

“By protecting this particular species, you indirectly protect the many other species that make up the ecological community,” he said.

Aside from offering grants, the fund aims to “elevate” the significance of the species in conservation discussions.

“The fund is concerned that without support to actively promote species conservation in nature, the planet will all too soon be left with not much more than protected landscapes, partially adapted for human use, and with some token, managed species," it said.

"This would be an unconscionable tragedy."

What types of projects have been supported?

1)  At the beginning of this year $4,850 was given to assess the distribution of, and threats to, Pakistan's fishing cat, numbers of which have fallen because of a decline in wetlands. The project will also educate rural communities and government bodies on the species' conservation.

2)  In 2012, New York University Abu Dhabi was awarded $9,000 to analyse the reproductive behaviour of the Arabian staghorn coral, which has suffered from "bleaching" events caused by high temperatures. A better understanding of the species' biology should aid conservation efforts.

3)  A three-year project by Emirates Wildlife Society – World Wide Fund For Nature to fit satellite transmitters to the shell of hawksbill turtles was given $10,000 in 2012. An understanding of the movements of the turtle, which has been hit by egg harvesting, fishing and habitat degradation, will help when conservation initiatives are drawn up.

4) The fund supported the planting of thousands of seedlings of a coniferous tree, Araucaria angustifolia, by the Laklano Xokleng indigenous people on their own land in Brazil. The trees should encourage the return of animals such as the red deer and the blue crow. A grant of $20,000 was made in 2019 and a further $20,000 was awarded this year.

5) Last year the fund gave $10,000 to efforts in Ghana to conserve the daisy stingray and the pearl stingray, which were hit by overfishing. The project will assess numbers, help locals to monitor populations, and introduce measures to reduce the harmful effects of fishing.

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New UK refugee system

 

  • A new “core protection” for refugees moving from permanent to a more basic, temporary protection
  • Shortened leave to remain - refugees will receive 30 months instead of five years
  • A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
  • To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
  • Under core protection there will be no automatic right to family reunion
  • Refugees will have a reduced right to public funds

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Racecard

6.35pm: American Business Council – Maiden (PA) Dh80,000 (Dirt) 1,600m 

7.10pm: British Business Group – Maiden (TB) Dh82,500 (D) 1,200m 

7.45pm: CCI France UAE – Handicap (TB) Dh87,500 (D) 1,400m 

8.20pm: Czech Business Council – Rated Conditions (TB) Dh105,000 (D) 1,400m 

8.55pm: Netherlands Business Council – Rated Conditions (TB) Dh95,000 (D) 1,600m 

9.30pm: Indian Business and Professional Council – Handicap (TB) Dh95,000 (D) 1,200m  

Superpower%20
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Stuck in a job without a pay rise? Here's what to do

Chris Greaves, the managing director of Hays Gulf Region, says those without a pay rise for an extended period must start asking questions – both of themselves and their employer.

“First, are they happy with that or do they want more?” he says. “Job-seeking is a time-consuming, frustrating and long-winded affair so are they prepared to put themselves through that rigmarole? Before they consider that, they must ask their employer what is happening.”

Most employees bring up pay rise queries at their annual performance appraisal and find out what the company has in store for them from a career perspective.

Those with no formal appraisal system, Mr Greaves says, should ask HR or their line manager for an assessment.

“You want to find out how they value your contribution and where your job could go,” he says. “You’ve got to be brave enough to ask some questions and if you don’t like the answers then you have to develop a strategy or change jobs if you are prepared to go through the job-seeking process.”

For those that do reach the salary negotiation with their current employer, Mr Greaves says there is no point in asking for less than 5 per cent.

“However, this can only really have any chance of success if you can identify where you add value to the business (preferably you can put a monetary value on it), or you can point to a sustained contribution above the call of duty or to other achievements you think your employer will value.”

 

A little about CVRL

Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery. 

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

MATCH INFO

AC Milan v Inter, Sunday, 6pm (UAE), match live on BeIN Sports

COMPANY%20PROFILE
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Pakistanis%20at%20the%20ILT20%20
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While you're here

Black Panther
Dir: Ryan Coogler
Starring: Chadwick Boseman, Michael B Jordan, Lupita Nyong'o
Five stars

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

UAE currency: the story behind the money in your pockets

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.”

BLACKBERRY
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Top 10 in the F1 drivers' standings

1. Sebastian Vettel, Ferrari 202 points

2. Lewis Hamilton, Mercedes-GP 188

3. Valtteri Bottas, Mercedes-GP 169

4. Daniel Ricciardo, Red Bull Racing 117

5. Kimi Raikkonen, Ferrari 116

6. Max Verstappen, Red Bull Racing 67

7. Sergio Perez, Force India 56

8. Esteban Ocon, Force India 45

9. Carlos Sainz Jr, Toro Rosso 35

10. Nico Hulkenberg, Renault 26

Specs
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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat