Waste pile grows as capital recycles



ABU DHABI // A pilot recycling scheme has collected roughly 100 tonnes of reusable material in three months all of which is sitting at a site outside the capital while authorities decide what to do with it. Since November, the volume of recycled materials from Khalidiya, Officers City and Bain al Jesrain the three Abu Dhabi neighbourhoods selected for the Centre of Waste Management's pilot programme has risen steadily. Khalidiya residents show the most dramatic change by more than doubling their recycled output.

It was an encouraging sign of progress, said Deeb Abu Dalo, the operations manager for West Coast Akmercan. The company is responsible for collecting the green waste bins from about 90 per cent of more than 1,125 villas under the programme. "People are reducing their production of waste," he said. "The first week in our areas, everybody noticed that they're reducing the loads of garbage and putting out more recyclables." At the moment, officials do not seem concerned that a method for processing the recyclables has not yet been decided.

All of the waste is brought to a transfer station in Al Mafraq. The recycled material is then sorted and segregated by hand. Abu Dhabi does not yet have a reprocessing facility for recyclables, but consultants working with the Centre of Waste Management said they were exploring the possibility of sending the recycled materials to India or China for processing. The programme began on November 2, when residents in Officers City, Bain al Jesrain and Khalidiya woke up to see two new, 240-litre rubbish bins outside their gates, provided by the Centre for Waste Management. A green bin was designated for recyclables such as plastics, tins, glass jars and paper. A black bin was for other waste.

Volunteers from the Centre of Waste Management and Zayed University went door-to-door to hand out leaflets and explain the new recycling system. Al Ain began its own pilot recycling programme shortly after. According to the Centre of Waste Management, the entire emirate will have door-to-door recycling and rubbish collection at villas by 2011. Mohammed bin Zayed City and Khalifa Cities A and B are expected to join the programme in March.

According to the MBM Dallah waste-collection company, the 115 Khalidiya residences given recycling bins last November disposed of 230kg of recycled waste on November 30, a Monday morning. That volume more than doubled eight weeks later to 580kg on January 25. Ahmed Samir, a Palestinian civil engineer living in Khalidiya, said his family had embraced using the new green bins since they arrived. He said about 10 plastic juice and milk bottles a week were now going into the recycling bin rather than the general waste bin.

Records from West Coast Akmercan showed that on November 16, collection vehicles picked up 2,720kg from the green bins in Officers City and Bain al Jesrain. That volume rose to 3,580kg by January 23. All recycling in Abu Dhabi is currently "single-stream", meaning residents are not required to segregate different types of recyclable materials. That was unlikely to be introduced until the programme matured years down the line, said a consultant for the Centre of Waste Management, who did not want to be named.

He added: "When you first start from nothing, you want it to go: recyclables here, other waste over here." @Email:mkwong@thenational.ae

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait,  Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.

 

UAE currency: the story behind the money in your pockets
THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

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.”

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5