Major lorry crashes across the UAE since January



Experts at a road-safety workshop held at Abu Dhabi Police’s smart traffic centre on Tuesday spoke of needing to address driver fatigue, distraction and speeding by training lorry drivers before they get behind the wheel.

Police statistics show that lorries were involved in six per cent of serious accidents, and 16 per cent of road deaths in the emirate this year.

Here is a list of the major lorry crashes that have occurred since January:

January 25: An Emirati man was killed when his vehicle collided with a car stopped in traffic, which in turn, hit a lorry on Emirates Road near the Dubai Club bridge towards Sharjah. Dubai Police urged motorists to drive carefully and abide by traffic rules.

February 9: Two lorries collided and one swerved off the road, closing four lanes on Sheikh Mohammed bin Zayed Road. Minor injuries were reported.

February 24: A lorry hit a pedestrian bridge on Reem Island,, leading to its closure and that of two lanes on the road beneath it. No injuries were reported.

March 11: Three children were crushed to death after the car they were in was hit by a speeding lorry in the central region of Sharjah. Their 37-year-old mother and two other siblings suffered severe injuries when the lorry drove through a red light and hit their car.

March 17: A lorry carrying liquid gas overturned, landing on its side at a roundabout in Ras Al Khaimah. The driver lost control of the steering wheel but he did not sustain any serious injuries, police said.

March 17: A 31-year-old Egyptian motorist died after two lorries crashed into each other on the Masafi-Al Dhaid Road in the central region of Sharjah. Police said a lack of attention on the road, especially from the lorry drivers, was the main cause.

June 12: A lorry overloaded with sand overturned in Fujairah. Police said the driver lost control due to the heavy load. Officials urged lorry drivers to abide by weight restrictions, and avoid overloading their vehicles.

June 29: A 43-year-old man was killed in an incident involving three lorries. One person suffered moderate injuries.

June 30: A 20-year-old man was killed when his vehicle crashed into the back of a lorry in the E611, near Al Maktoum Airport. The victim was trapped in his vehicle, and rescue units had to cut him out.

July 10: A lorry swerved from its lane and flipped over, hitting a man in Al Rabat Street towards Bur Dubai. The man died from his injuries.

July 11: Two lorries went up in flames on two separate roads in Dubai, resulting in heavy congestion. No injuries were reported.

July 13: A lorry caught fire while being driven on Emirates Road. The driver was heading towards Sharjah when the fire started. Umm Al Quwain civil defence teams extinguished the fire and rescued the driver. No injuries were reported.

July 18: An Emirati woman who was driving a Lexus Station crashed into a lorry towards Dubai, near the Adnoc petrol station on Sheikh Khalifa Highway. The crash caused both vehicles to catch fire. She died in the collision.

July 26: Seven people were killed and 13 injured when a minibus collided with a lorry, which was stationary in the middle of the Emirates Road, near Al Maktoum Airport. The lorry was stopped in the third lane from the right after crashing into a pick-up truck.

August 26: An Emirati driver was killed and his two passengers seriously injured when a lorry crashed into their vehicle in Masafi. The Asian lorry driver took a fast U-turn without checking the road and caused the collision, police said.

rruiz@thenational.ae

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Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

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Based: UAE with a subsidiary in the UK
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At a glance - Zayed Sustainability Prize 2020

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Categories: Health, energy, water, food, global high schools

Prize: Dh2.2 million (Dh360,000 for global high schools category)

Winners’ announcement: Monday, January 13

 

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  • Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
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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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