On a wintry afternoon in New Delhi, Shashank Sundar waited patiently with his camera on the banks of a wetland on the fringes of the Indian capital.
The water body, nestled among the city's skyscrapers, is a secret paradise for birdwatchers wanting to catch a glimpse of migratory flocks.
The 19-year-old computer science student and photography enthusiast, visiting from the southern city of Bengaluru, had until now seen only the bustling side of the city, and felt exhausted fighting the pollution.
But as soon as he stepped inside the Okhla Bird Sanctuary, the calmness was magical. Instantly, he felt rejuvenated, he said.
This hidden haven for birds and their watchers lies on the banks of the highly polluted Yamuna river shared by the twin cities of New Delhi and Noida — both among the most polluted in the world.
The 3.5 square kilometre bird sanctuary is also a secret getaway for nature lovers, offering relief from the city's hustle and bustle.
“Noida is called an industrial place and yet there is a bird sanctuary here,” Mr Sundar told The National. “You wouldn’t expect places like these to exist in a city where you only hear about pollution. It is wonderful to explore such a place.”
New Delhi has second-highest bird diversity in the world, behind Nairobi.
As many as 450 bird species can be found in the seven bird sanctuaries of New Delhi. Okhla Bird Sanctuary is the capital's largest.
The sanctuary is home to more than 300 birds, including some rare and critically endangered species such as the White-rumped vulture and Indian vultures.
As soon as winter descends, the cities are enveloped in a blanket of smog and temperatures drop, the landscape of the sanctuary changes entirely. The river becomes dotted with the hues of colourful feathers.
Hundreds of thousands of birds from Europe and Eurasian countries make the wetland their home every year.
More than 43 migratory water bird species, including Shoveller Duck, Northern Pintail, Common Teal, Gadwall Duck, Greylag Goose and Blue Winged Teal, as well as 26 woodland species, spend their winters at the wetland, according to official data.
The sight of the rare birds swimming in the clean water is one to behold on winter afternoons.
The picturesque sanctuary is also slowly picking up as a tourist spot among the city’s Gen Z, who are otherwise found spending their weekends at high-end shopping malls and restaurants.
Janaki Yadav and Indrani Ghosh, both 18, came to spot the birds from New Delhi’s southern localities after taking an exam.
“I was stressed but now I feel relaxed,” Ms Ghosh told The National. “It is a completely different picture. There is pollution outside but here it is fresh air, greenery and beautiful birds. We can walk, and this is a perfect place for taking pictures.”
Still, avid birdwatchers complain the concept of eco-tourism is harming for the habitat that is already under stress due to climate change and encroachments.
The result: this year, the sanctuary witnessed a lesser number of migratory birds than usual.
Experts say the waterbody was dry until November because of a delayed release of water from a nearby dam. This forced the birds to look for alternative habitation, mostly in the south of the country.
“There has been a decline of bird numbers and species in New Delhi,” Mathew Joseph, who runs the Delhi Bird Photographers group, told The National. “Earlier there were 40 to 50 species but now hardly five to 10. The city has also been colder than usual. Birds try to escape the cold and because of climate change, there is an impact.”
He also blames increased tourism for disturbing the habitat.
“At Okhla Bird Sanctuary, there was maintenance work in November and December,” he said. “Who in their right mind would do that when it is the prime time for birds to land? Authorities need to be aware and serious about this.”
His views were echoed by Prasanna Gautam, 55, a tour operator and an avid birdwatcher.
A regular visitor to the sanctuary every weekend, Mr Gautam is displeased with the authorities for turning the sanctuaries into picnic spots. The general public is rarely interested in the birds and disturbs the peace.
“The forest department has to change the concept of eco-tourism,” Mr Gautam said. “They are constructing portable cabins at the spots that used to be a flycatcher habitat. There are also washrooms.”
Mr Gautam also said that the authorities are not serious about saving the environment.
“They trim elephant grassland during the breeding season,” he said. “There needs to be an understanding of when to clean the grasses. Birds will not come if they don’t have the right habitat to eat and breed.”
UAE SQUAD
Ali Khaseif, Mohammed Al Shamsi, Fahad Al Dhanhani, Khalid Essa, Bandar Al Ahbabi, Salem Rashid, Shaheen Abdulrahman, Khalifa Al Hammadi, Mohammed Al Attas, Walid Abbas, Hassan Al Mahrami, Mahmoud Khamis, Alhassan Saleh, Ali Salmeen, Yahia Nader, Abdullah Ramadan, Majed Hassan, Abdullah Al Naqbi, Fabio De Lima, Khalil Al Hammadi, Khalfan Mubarak, Tahnoun Al Zaabi, Muhammed Jumah, Yahya Al Ghassani, Caio Canedo, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri
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- Join parent networks
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Leaderboard
63 - Mike Lorenzo-Vera (FRA)
64 - Rory McIlroy (NIR)
66 - Jon Rahm (ESP)
67 - Tom Lewis (ENG), Tommy Fleetwood (ENG)
68 - Rafael Cabrera-Bello (ESP), Marcus Kinhult (SWE)
69 - Justin Rose (ENG), Thomas Detry (BEL), Francesco Molinari (ITA), Danny Willett (ENG), Li Haotong (CHN), Matthias Schwab (AUT)
BUNDESLIGA FIXTURES
Friday (UAE kick-off times)
Borussia Dortmund v Paderborn (11.30pm)
Saturday
Bayer Leverkusen v SC Freiburg (6.30pm)
Werder Bremen v Schalke (6.30pm)
Union Berlin v Borussia Monchengladbach (6.30pm)
Eintracht Frankfurt v Wolfsburg (6.30pm)
Fortuna Dusseldof v Bayern Munich (6.30pm)
RB Leipzig v Cologne (9.30pm)
Sunday
Augsburg v Hertha Berlin (6.30pm)
Hoffenheim v Mainz (9pm)
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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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
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Biggest%20applause
%3Cp%3EAsked%20to%20rate%20Boris%20Johnson's%20leadership%20out%20of%2010%2C%20Mr%20Sunak%20awarded%20a%20full%2010%20for%20delivering%20Brexit%20%E2%80%94%20remarks%20that%20earned%20him%20his%20biggest%20round%20of%20applause%20of%20the%20night.%20%22My%20views%20are%20clear%2C%20when%20he%20was%20great%20he%20was%20great%20and%20it%20got%20to%20a%20point%20where%20we%20need%20to%20move%20forward.%20In%20delivering%20a%20solution%20to%20Brexit%20and%20winning%20an%20election%20that's%20a%2010%2F10%20-%20you've%20got%20to%20give%20the%20guy%20credit%20for%20that%2C%20no-one%20else%20could%20probably%20have%20done%20that.%22%3C%2Fp%3E%0A
MIDWAY
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Directed: Roland Emmerich
Cast: Ed Skrein, Woody Harrelson, Dennis Quaid, Aaron Eckhart, Luke Evans, Nick Jonas, Mandy Moore, Darren Criss
Rating: 3.5/5 stars
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5