The Bay-backed Shrike is a small bird of less than 20 centimetres.
The Bay-backed Shrike is a small bird of less than 20 centimetres.

Rare birds get Fujairah tourists in a flap



A rare Bay-backed Shrike and its offspring have been spotted near Fujairah, marking only the second recorded instance of the small, colourful bird breeding anywhere in the Arabian Peninsula. The adult and two chicks were spotted earlier this month in Masafi, on the edge of the Hajar mountains, by Nigel Milius and Wendy Hare, bird watchers from New Zealand on a stopover to the UK. The husband-and-wife team had been told that because of the high temperatures, June was not the best time of year for bird watching in the UAE. However, on June 7 luck was seemingly on their side, and the pair were able to confirm their rare find by making a call to the local guide and environmental science lecturer, Steve James.

"We watched them for 20 minutes or so as they were moving about over an area probably about 80 metres across, sometimes perching, sometimes on the ground," said Mr Milius. "The adult was catching insects and feeding them to the youngsters, though the youngsters were also catching their own. All three were very active." Since 1970 there have been just 17 recorded sightings of the Bay-backed Shrike. Dr Reza Khan, the director of Dubai Zoo and a bird expert who confirmed the sighting, said it was only the second recorded instance of the bird breeding anywhere on the Arabian Peninsula. The first one was in 2004 in Musandam. "This is great news for the region," said Dr Khan. "In simple terms it means natural habitats in the UAE are improving or [have] improved at least in some places less used by human beings." Bay-backed Shrikes live in India, Pakistan and Iran. It is most likely that they end up on the Arabian Peninsula while migrating between habitats in spring and summer, said Oscar Campbell, a science teacher based in Abu Dhabi and a keen bird watcher. "Some birds get blown off course by chance," said Mr Campbell. "Iran is not so far away." "This year was quite wet so Masafi and the neighbouring hills were reasonably green," he said. "This is probably why the birds stayed." A small bird of less than 20 centimetres, the Bay-backed Shrike usually feeds by perching on top of a tree and searching for insects and lizards. It can catch insects mid-flight or dive to take them from the ground. "Some species of shrike are quite famous for catching their prey and, if not hungry, sticking it on a thorn to eat it later. This has earned them the name 'butcher birds'," said Mr Campbell. "They are one of very few families of birds that do that but I am not sure if the local ones do that," he said. It is not sure whether the birds will remain in Masafi. When Mr Campbell saw them, the young ones appeared to be "suffering a little" in the heat. "But they are quite big already, they will most probably survive," he said. "[These] birds, after they fledge, like to explore the local area. They will probably disappear from the nest site in a week or two." @Email:vtodorova@thenational.ae

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Sri Lanka-India Test series schedule
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Moonfall

Director: Rolan Emmerich

Stars: Patrick Wilson, Halle Berry

Rating: 3/5

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BMW M5 specs

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Power: 727hp

Torque: 1,000Nm

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Fuel consumption: 10.6L/100km

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UAE fixtures
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May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

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Engine: 2.0-litre 4-cylturbo

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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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Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

The specs: 2019 Audi A7 Sportback

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Transmission: Seven-speed automatic

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Fuel economy 5.9L / 100km