DUBAI // Aviation officials are investigating the cause of a crash landing in Dubai in which 13 passengers were injured.
Flight EK521 from Thiruvananthapuram, India, was carrying 300 people when it crash landed and caught fire on the runway at about 12.45pm on Wednesday.
All passengers and crew on board were safe, Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates, said in a video statement.
However, one firefighter attending the blaze was killed.
Officials hailed the heroism of the Dubai Airports firefighter, identified as Jassim Al Baloushi from Ras Al Khaimah, who “lost his life while saving the lives of others”, according to a statement from the General Civil Aviation Authority.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Wednesday night praised Jassim for his courage and sacrifice and sent his sympathies to his family.
“We offer our condolences to the family and friends of the martyr of the nation, firefighter Jassim Essa Al Baloushi,” Sheikh Mohammed said on his Twitter account. “We ask God to grant his family and his friends with patience and solace.
“As bereaved as we are over Jassim, we are nonetheless proud of our young men and their sacrifice in the line of duty as they protect lives and save people.
“These are men that make their nation proud for generations.”
His funeral is expected to be conducted after sunrise on Thursday in Ras Al Khaimah, at Sheikh Rashid Mosque in Al Kharran.
“I salute his ultimate sacrifice that kept many from harm’s way. Our thoughts and prayers are with his family,” said Saif Al Suwaidi, director general of the GCAA.
Al Baloushi succumbed to injuries sustained while responding to the accident, said Paul Griffiths, the chief executive of Dubai Airports.
During a press conference on Wednesday, Sheikh Ahmed commended the professionalism of all who handled the incident, including the Emirati pilot, who had more than 7,000 flight hours, and his Australian co-pilot.
Evacuation procedures were executed professionally and the cabin crew were the last to leave the plane, he said.
“The minute we knew everybody walked away from the aircraft, we were very much relieved,” said Sheikh Ahmed.
Reports suggested that the airliner touched down without its landing gear extended, but Sheikh Ahmed declined to answer questions about the undercarriage, saying he wanted fuller details to provide accurate information.
The Boeing 777-300 aircraft had been in operation since 2003 and had passed all safety checks, the most recent of which was conducted about a year ago.
Ten of the 13 injured were still in hospital last night for treatment of moderate injuries, he said.
The incident led officials to shut Dubai International Airport for nearly six hours, causing dozens of flights to be delayed or cancelled.
Departures resumed at 6.30pm but with restricted capacity. Arriving flights were given priority over departures.
Other flights were turned round to their departure airports or diverted to Dubai World Central, Sharjah, Al Ain, Fujairah, Bahrain and Muscat airports. Emirates said it would waive all rebooking or cancellation fees for flights affected by the incident.
Ismail Abdel Wahed, executive director of air accident investigations at the GCAA, said that investigators would collect all the necessary information, including the black box data, as well as conduct interviews with those involved.
“Once we have been given the all-clear from the emergency services that the aircraft fire has been extinguished, we will make arrangements for it to be removed from the scene to allow us to continue our investigations,” he said yesterday.
Dubai resident Girisankal Gangadhakan said his wife called him to tell him that she and their three children onboard had been involved in an accident but were safe.
“I was shocked when I heard about that,” he said.
The plane had taken off from Trivandrum International Airport in Thiruvananthapuram, which is the capital of the Indian state of Kerala. People from 20 countries were aboard the aircraft, including 11 Emiratis.
Boeing’s 777 model is the largest twin-engined airliner in production and the most used wide-body aircraft.
Emirates is the largest operator of the Boeing 777.
The aeroplane also has one of the best safety records, with only a handful of them having suffered irreparable damage since the model’s introduction, according to Aviation Safety Network.
Boeing said it was “thankful” that all aboard were safe and that a Boeing technical team was “standing by to launch in support of the US national transportation safety board”, but referred questions to the GCAA.
Emirates dedicated telephone lines for family members to call for information.
They are: UAE – 8002111; Trivandrum – 91 471 3377337; UK – 442034508853; US – 18113502081.
nalremeithi@thenational.ae
dmoukhallati@thenational.ae
nhanif@thenational.ae
*Additional reporting by the Associated Press and Bloomberg
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4) The cost of treatment per hectare (2.4 acres) of desert varies from $7,000 to $10,000 per hectare
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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- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
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- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
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- Disruption Lab and Research Centre for developing entrepreneurial skills
Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
SERIE A FIXTURES
All times UAE ( 4 GMT)
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Mohammed bin Zayed Majlis
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UAE currency: the story behind the money in your pockets
Scoreline
Al Wasl 1 (Caio Canedo 90 1')
Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')
Red cards: Ismail Ahmed (Al Ain) 77'
The biog
Profession: Senior sports presenter and producer
Marital status: Single
Favourite book: Al Nabi by Jibran Khalil Jibran
Favourite food: Italian and Lebanese food
Favourite football player: Cristiano Ronaldo
Languages: Arabic, French, English, Portuguese and some Spanish
Website: www.liliane-tannoury.com
'Saand Ki Aankh'
Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars
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