Traffic police say rigorous enforcement of a new 140kph limit on the Abu Dhabi-Dubai motorway has made it safer.
Traffic police say rigorous enforcement of a new 140kph limit on the Abu Dhabi-Dubai motorway has made it safer.
Traffic police say rigorous enforcement of a new 140kph limit on the Abu Dhabi-Dubai motorway has made it safer.
Traffic police say rigorous enforcement of a new 140kph limit on the Abu Dhabi-Dubai motorway has made it safer.

New E-11 speed limit cuts accidents by a third


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ABU DHABI // The number of accidents on the Abu Dhabi-Dubai motorway has dropped by almost a third since the speed limit was cut by 20kph.
Police began enforcing a strict 140kph limit on April 17. Since then there have been 62 traffic accidents on the Abu Dhabi stretch of the road compared with 90 in the same period last year.

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The reduction is a direct result of the reduced speed limits, increased patrols and rigorous enforcement of the law, police say.

The official speed limit is 120kph, but before April 17 drivers could reach 160kph on the Abu Dhabi stretch without triggering speed traps. Since then, drivers exceeding the 140kph limit by even 1kph can face

Lower speed limits being implemented across the emirate would help to reduce the death rate to zero by 2030, Col Jamal Al Ameri of Abu Dhabi traffic police said.

The enforcement limit on the motorway leading from the capital to Al Sweihan, for instance, was also reduced from 160kph to 140kph. Enforcement of the new limit began yesterday,

Heavy vehicles are limited to 80kph on external roads. The speed limit for light vehicles on all roads in Abu Dhabi is whatever is posted plus a 20kph buffer, but there are plans to reduce the buffer to 10 per cent of the official speed limit by 2013.

John Hughes, regional manager of ARRB Group Limited, a road safety consultancy, said the benefits of reducing the speed limits were expected.

Mr Hughes said he had noted considerable improvement on the Abu Dhabi-Dubai motorway. "Speeds of traffic in the fast lane are much more consistent," he said. "There are fewer people coming up behind you and flashing their lights."

Previous speed gaps between drivers abiding by the law and those racing 40kph over the limit posed a significant risk, he said, and the new limit-enforcement rates are closer to international standards.

In New Zealand, where the death rate on the roads is 10 per 100,000 people, according to 2009 figures from the World Health Organisation, the speed limit in inner-city motorways reaches 100kph, with a maximum buffer of only 10kph.

According to 2009 WHO figures, the death rate in the UAE is 37.1 per 100,000, and the global average is 18.8 per 100,000.

Drivers say they have felt the impact as radars and patrol officers allow no leeway. Hassan Ali, a Palestinian information technology consultant who commutes daily from Dubai, said he had to be extra-cautious on the motorway so as not to be caught off-guard by a radar.

"So far this year, I already have about seven speeding fines - four in Dubai, and three in Abu Dhabi," he said.

Until recently he was not careful about observing the speed limit on the Abu Dhabi portion of the road. "The moment I reached the border, I'd step on it. I'm still used to doing that, and now I'm facing the consequences."

He said traffic officials were taking the right steps. "This should have been done a long time ago. Unfortunately, it's the only way people will truly learn.

"They need to feel the repercussions, and unless, God forbid, they're in an accident, the only other way is to make them face penalties.

"Education is equally important, but can only do so much, especially in the short term."

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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Afghanistan v Zimbabwe, Abu Dhabi Sunshine Series

All matches at the Zayed Cricket Stadium, Abu Dhabi

Test series

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Play starts at 9.30am

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Always use only regulated platforms

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Save all evidence (screenshots, chat logs, transaction IDs)

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