Foaming effluent pollutes the waters at the Dubai Offshore Sailing Club.
Foaming effluent pollutes the waters at the Dubai Offshore Sailing Club.
Foaming effluent pollutes the waters at the Dubai Offshore Sailing Club.
Foaming effluent pollutes the waters at the Dubai Offshore Sailing Club.

Tide of filth costs club its licence


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DUBAI // Dubai's internationally renowned sailing club has lost its licence to teach and had its latest regatta spoiled after illegally dumped sewage flooded its private harbour. The Dubai Offshore Sailing Club lost its Royal Yachting Association (RYA) accreditation yesterday after effluent dumped into a storm drain nearby flowed into the waters around the club, leaving a stench. Keith Mutch, the club's manager, said the dumping ruined the opening regatta of the season on Friday and threatened the reputation of the club.

"There were more than 200 people here and I got complaints all day about the stench," he said. "It smelt of raw sewage. In the middle of the afternoon it flowed out of the storm water drain at the bottom of the pier. "The water had a big dark brown slick of water in it that smelt very bad." The waste has also now washed onto a nearby public beach and the water has made several people sick. They have complained of skin rashes, ear infections and diarrhoea.

"One member who used to swim here all the time has stopped because he has got several ear infections from the contaminated water," said Mr Mutch. The problem has blighted the coast for three months but has dramatically increased this week, said Mr Mutch. "It pours in every day. We do not know where it originating from but it is seriously affecting the club and its members." One of the members, who did not wish to be named, said: "It is only a matter of time before people get cholera or typhoid from the water. I can't risk my daughter getting anything like that. People using the beach next to the club have no idea."

Those on the public beach were equally upset. "I have just taken a swim," said Claudia Kemfert from Germany. "I never expected to see something like raw sewage in the water. The quality of the beaches has deteriorated since I got here two years ago but this is horrible." Ahmed Rashid decided against bathing with his seven-year-old son. "I don't believe it," he said, peering at the dark brown slick. "I am not going to get into the water. Imagine what my son could catch." He then left.

Abdul Majeed, director of Dubai Municipality's drainage and irrigation network, said he was ordering more spot checks to catch the dumpers, but the effort was being hampered by the complexity of the problem. Around 7,000 manholes feed into Dubai's storm drainage system, with water exiting from four points along the coastline. Haulers dump their load into the system to avoid waiting in long lines at the city's sewage treatment facilities.

"We try to catch them but they do it at 3am or 4am - we do not have full teams to cover night shifts," Mr Majeed said. The Dubai Offshore Sailing Club has more than 600 members, with more than 200 on the waiting list. Independent tests on the pollution have been carried out by the club and the results are now in the hands of the municipality. The club says it hopes to replace polluted sand that has turned a dark brown. It must also send clean water samples to the RYA's headquarters in the UK before it regains its certificate to teach.

However, Mr Mutch said the efforts could prove fruitless: "It's a catch-22 situation for us. I want to replace the sand now but we do not know when the sewage will be stopped." eharnan@thenational.ae

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The device has a screen reader or software that monitors what happens on the screen

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A VOISS computer costs between $200 and $250 depending on memory card capacity that ranges from 32GB to 128GB

The speech synthesisers VOISS develops are free

Subsequent computer versions will include improvements such as wireless keyboards

Arabic voice in affordable talking computer to be added next year to English, Portuguese, and Spanish synthesiser

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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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