Four people were killed and three severely injured in 17 traffic accidents in Abu Dhabi last year as a result of faulty tyres, authorities said.
Abu Dhabi Police are urging motorists to check their tyres to avoid blowouts, which can cause accidents.
Brig Khalifa Al Khaili, director of the Abu Dhabi Police traffic and patrols directorate, asked drivers to ensure the safety of their vehicle’s tyres, especially during the hot summer months. He also warned motorists that driving with expired or faulty tyres was a traffic offence punishable by having their vehicle impounded and a fine.
Last year, almost 30,000 cases of driving with unsafe tyres were recorded, with each offence earning the motorist a Dh500 fine and four black points.
Tyre debris on UAE roads is a common sight during summer as higher temperatures put added stress on them.
Brig Al Khaili said old tyres also lose air pressure and their prolonged use can lead to failure, particularly in summer.
He called on motorists to only purchase tyres that conform to safety specifications.
To prevent accidents, police have increased inspections and efforts to educate motorists on the dangers of driving on damaged or expired tyres.
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Read more:
Tyre checks urged after blowout leads to fatal Dubai bus crash
Faulty tyres kill 14 in Abu Dhabi last year
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Tyre safety tips:
- Purchase reputable and certified tyre brands – premium brands normally last longer.
- Ensure tyres are correct size and specification for the car as set out in the manual.
- UAE regulations require passenger car tyres to be sold within two years of the date of their manufacture and changed within five years. To check the age of tyres look for production date on their sidewalls which indicate the week and year they were manufactured. For example, 0217 means the tyre was produces on the 2nd week of 2017.
- Use a reputable mechanic to fit tyres properly.
- Inflate tyres to the car manufacturer's recommended level. This can be found in the owner's manual or on a sticker attached to the door frame or fuel tank cover.
- Check tyre pressure at least once a month when they are cold – driven less than 3km – or add 0.3 bar if tyres are warm.
- Check all four tyres for cracks, cuts, exposed cables or uneven wear routinely.
- Rotate tyres every 10,000 kilometres, or as advised by the vehicle manufacturer, to even out their wear. A wheel balance and alignment at this time will further prolong the life of tyres.
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
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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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Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
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