Sandstorms trigger traffic and health alert


Ramola Talwar Badam
  • English
  • Arabic

Sandstorms were expected to continue to buffet the country over the next few days as police warned motorists to drive safely and health authorities advised people with respiratory conditions to stay indoors.

Yesterday's swirling sands disrupted traffic across the UAE, although no road accidents were reported.

High winds forced the closure of Dubai's Global Village because of safety concerns, rough seas shut beaches and the inclement weather affected thousands of charity walkers in Dubai and Abu Dhabi, as well as competitors in the RAK Half Marathon.

Hospitals also reported a surge in the number of patients with breathing problems.

The National Centre for Meteorology and Seismology said the sandstorms had reduced visibility to 300 metres at Jebel Ali and less than 1,000 metres across the country. The conditions prompted Dubai Police to broadcast radio messages warning motorists to take care on the roads.

Visibility on Sheikh Zayed Road was so low at one point that some drivers had difficulty staying on the motorway.

"You can't see more than 200 metres ahead, the sand just enters your eyes," said Joaquim Carvalho, a pizza delivery worker. "The roads are most dangerous with all the sand because I may drive slowly but others will not. "

Choppy waves caused by the strong southerly winds forced authorities to close beaches. Red flags were hoisted at Abu Dhabi beach preventing people from swimming. Beachgoers, including some of the 18,000 participants in the Terry Fox Run along Abu Dhabi's Corniche, had to battle the flying sand.

"The temperature was great earlier, but now it's almost like it's raining sand," said Haya Ahmed, 24. "We're all covered in sand before even reaching the beach."

In Dubai, a haze enveloped Jumeirah Beach Road as more than 3,500 walkers soldiered on in a three-kilometre Walk for Education, organised by Dubai Cares. The event was to increase awareness about the distance millions of children across the world must walk to reach school.

"It's so hot and hazy but I'm glad we came because it's for a good cause," said Peter Declan, a Briton who participated with two daughters wearing wide hats and scarves to ward off the blowing sand.

"I've been telling my daughters that we get a few bad days here but in many parts of the world children walk in terrible conditions every day."

Meanwhile, a spokesperson at Tawam Hospital in Al Ain said there were "a lot" of patients arriving at the hospital to request treatment for respiratory problems.

An on-call nurse at Mafraq Hospital's emergency department also said the sandstorms had increased the number of chest infections, particularly in children.

She advised people with respiratory problems not to go outside until the weather cleared.

High north-westerly winds are expected to blow in over the next few days. Temperatures are expected to drop again by Monday, and the sea is expected to become rougher.

rtalwar@thenational.ae

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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