At first glance, it is hard to imagine that the white sands and radiant blue sea near the village of Pointe d’Esny in Mauritius was the site of an environmental catastrophe.
There are fewer people on the shores because of the unusually cool winter and Covid-19 restrictions.
The sound of the waves sweeping up on to the sand still calms the soul.
As tourism was impacted, many people in the south-east turned to the sea to make ends meet. They couldn’t do so when the oil spill happened
Josheena Naggea,
Stanford University
But only a year ago, the sea here was black and the waves brought sorrow, anger and desperation.
On July 25, a Japanese-owned, Panamanian-flagged 300-metre long bulk carrier crashed into coral reefs mere kilometres from Pointe d’Esny, a village on the south-east coast.
Less than two weeks later, the MV Wakashio spilt 1,000 tonnes of oil into this pristine lagoon. Mauritius declared a “state of environmental emergency”.
The oil spill triggered one of the largest citizen mobilisations in Mauritius’s history.
People from all over the country helped build makeshift booms to slow the oil’s spread, and joined clean-up groups.
Within a month, about 2,000 tonnes of oil mixed with sea water or sand and soil had been carted away.
Conservationists, meanwhile, rushed to rescue some of the country’s, and the world’s, most endangered animals.
Nature defies the oil slick
A year later, the initial signs are that this mammoth show of solidarity may have prevented some of the worst immediate effects of the oil spill.
Just three months after the spill, a spectacular mass spawning of corals occurred.
Once a year, at full moon, the sea turns into a glittering canvas of eggs and sperm, released by corals, in one of nature’s incredible underwater shows.
This is the time when coral fertilisation happens and new corals are born. The mass spawning happened right on cue at the end of October, seemingly unperturbed by the oil spill.
“Mass spawning happened correctly and as expected, and I anticipate the same later this year,” said Dr Pramod Kumar Chumun, an environmental scientist at Eco-Sud, a local nongovernment conservation organisation.
The oil spill did not just affect the sea. Within hours of the spill, Ile aux Aigrettes, a coraline islet, had been surrounded by oil.
The islet is a nature reserve, home to some of the world’s most endangered birds.
Fearing that the spill could lead to a collapse of avian populations, conservationists battled oil fumes to evacuate nearly two dozen birds.
Mauritius olive white-eyes were among them, a small olive-grey bird recognisable by white rims around their eyes.
Only 73 of them were in the wild on Ile aux Aigrettes before the rescue operation.
To the delight of conservationists, those left on the islet were not visibility affected by the oil spill after all. Less than two months later, the rescued birds were released back on Ile aux Aigrettes.
While conservationists were relieved that the immediate effect on the birds appeared to be minimal, they feared the worst for a recently identified endemic cricket.
The cricket, possibly one of the rarest in the world, is found only on the Ile aux Aigrettes coast. But once oil washed over the vegetation there, they seemed to disappear – thankfully, not for ever.
“We found the crickets again in February,” said Dr Vikash Tatayah, conservation director at the Mauritian Wildlife Foundation, an independent NGO.
“We’ll do a survey of their population soon to see how their numbers compare to before the spill.”
Despite those initial positive signs, things are certainly not back to normal. Some oil is still trapped in mangroves or embedded in the sea bed.
Fishermen reported seeing traces of oil when they dislodged oysters and shellfish as late as March this year.
Scientific studies from past oil spills show that oil compounds tend to accumulate more in shellfish and to a lesser extent in the muscles of fish.
But to many people from local communities of the region, this is irrelevant: consuming their catch is a matter of survival.
The livelihoods of those communities have been hit hard by the Covid-19 pandemic. Mauritius’s turquoise lagoons and sandy beaches welcome more than a million tourists every year. But as the country effectively closed its borders because of the pandemic, incomes have plummeted sharply.
The oil spill has only compounded the distress.
“As tourism was impacted, many people in the south-east turned to the sea to make ends meet. They couldn’t do so when the oil spill happened,” said Josheena Naggea, a Mauritian PhD candidate at Stanford University, who has been interviewing people in the region.
But perhaps there are brighter days ahead.
Mauritius is gradually reopening its borders and will be open to vaccinated tourists from October. Projects and other endeavours to support the local community are being funded in part by the money raised from the Mauritian public during the oil spill. For example, local inhabitants can now earn stipends as they retrain to become eco-guides.
It is still too early to say what the long-term effects of the oil spill will be on the south-east coast of Mauritius and its inhabitants.
But if the past year is anything to go by, there is at least hope that things will get better.
Surianah's top five jazz artists
Billie Holliday: for the burn and also the way she told stories.
Thelonius Monk: for his earnestness.
Duke Ellington: for his edge and spirituality.
Louis Armstrong: his legacy is undeniable. He is considered as one of the most revolutionary and influential musicians.
Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.
The Facility’s Versatility
Between the start of the 2020 IPL on September 20, and the end of the Pakistan Super League this coming Thursday, the Zayed Cricket Stadium has had an unprecedented amount of traffic.
Never before has a ground in this country – or perhaps anywhere in the world – had such a volume of major-match cricket.
And yet scoring has remained high, and Abu Dhabi has seen some classic encounters in every format of the game.
October 18, IPL, Kolkata Knight Riders tied with Sunrisers Hyderabad
The two playoff-chasing sides put on 163 apiece, before Kolkata went on to win the Super Over
January 8, ODI, UAE beat Ireland by six wickets
A century by CP Rizwan underpinned one of UAE’s greatest ever wins, as they chased 270 to win with an over to spare
February 6, T10, Northern Warriors beat Delhi Bulls by eight wickets
The final of the T10 was chiefly memorable for a ferocious over of fast bowling from Fidel Edwards to Nicholas Pooran
March 14, Test, Afghanistan beat Zimbabwe by six wickets
Eleven wickets for Rashid Khan, 1,305 runs scored in five days, and a last session finish
June 17, PSL, Islamabad United beat Peshawar Zalmi by 15 runs
Usman Khawaja scored a hundred as Islamabad posted the highest score ever by a Pakistan team in T20 cricket
LA LIGA FIXTURES
Friday Celta Vigo v Villarreal (midnight kick-off UAE)
Saturday Sevilla v Real Sociedad (4pm), Atletico Madrid v Athletic Bilbao (7.15pm), Granada v Barcelona (9.30pm), Osasuna v Real Madrid (midnight)
Sunday Levante v Eibar (4pm), Cadiz v Alaves (7.15pm), Elche v Getafe (9.30pm), Real Valladolid v Valencia (midnight)
Monday Huesca v Real Betis (midnight)
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
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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.”
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.