They have caused billions of dollars of damage to the economy and more than 1,300 deaths.
Now, the Pakistan floods have led to more misery after washing away an Afghan refugee camp in a remote north-western province.
The grim situation in Khyber Pakhtunkhwa has left the camp's inhabitants at the mercy of the elements, living under open sky without government support as winter closes in. Night-time temperatures in northern Pakistan drop sharply in November.
We were looking to the sky, crying for food like birds waiting for their mother to bring food to its beak
Bushra Bibi,
refugee
Nargis Bibi, a 60-year-old mother of 10, was shocked to learn of the flooding when someone from the neighbourhood knocked on her door at night, telling her that waters in the Kheshgi village camp were rising.
Many of the buildings in the camp are basic but semi-permanent dwellings that stood little chance against torrents of water.
The camp is in Nowshera city in Khyber Pakhtunkhwa province, on the bank of the river Kabul, which overflowed and inundated the town.
Traumatised by the flood alert, Ms Bibi called for local youths to rescue her paralysed husband and children from the flood.
“For God’s sake help me save my husband and children, forget about the goods and items,” she recalled telling locals that night, her voice shaking.
Her husband and children were evacuated to a safe place nearby, from which she saw her house destroyed in an instant in a torrent of water.
Pakistan’s recent flooding was caused by torrential rains and has wreaked havoc across the country, injuring more than 12,000 people — in addition to the 1,300 killed — and affecting 33 million, according to the country’s National Disaster Management Authority.
More than 1.7 million houses have been partially or fully damaged by the flood, the NDMA said.
“I have nothing in hand except for the temporary shelter that is now swept away by the flood, I have nowhere to go now, Ms Bibi said, looking at her children and ailing husband.
Her plight is identical to that of the 2,000 registered Afghan refugees who live in temporary shelters in Kheshgi village camp.
A legacy of war
About 1.3 million Afghans live in Pakistan, refugees from decades of conflict.
In an attempt to compensate those affected by the floods, the government has distributed relief packages to hard-hit communities, but the Afghan refugees are not eligible for compensation.
Some of them have migrated several times, fleeing invasions and civil wars in their home country.
Mirza Ahmad, 65, who lost everything in the flood, has been displaced twice before.
In the early 1990s, he was forced to leave Jalalabad province in Afghanistan, when the country was slipping into civil war, following the end of Soviet occupation and the collapse of the Russian-backed government.
He first migrated to Akora Khattak refugee camp in Nowshera district of Khyber Pakhtunkhwa.
However, that camp was hit by flooding in 2010 and he was displaced again.
Digging through shattered wood, debris and mud in the scorching heat, he struggled to recover his possessions while people sat in the shade of nearby trees.
“I have nothing left as everything has been swept away by the flood. Only the memories flash in my mind,” he said.
The only breadwinner for his 11 member family, Mr Ahmed says he lost two shelters in the flood.
“I have to find another place to live, because the owner of this land will not let us build this home again. I’m old and weak now. It would be difficult for me and my family to spend the rest of our lives under the open sky.
“We are waiting for a miracle to happen. We were in serious need of water and food. No government institution has come to our help.”
Mr Ahmad has received support only from non-profit organisations. He lamented that the government had yet to ask about their plight.
“The locals have supported and helped us, but that too was not sufficient,” he said.
Hearing of the plight of the refugees, social media activists highlighted the issue, finally leading to support from the UN High Commission for Refugees and local welfare organisations, which have provided tents, food and water.
Another woman from the refugee camp, 55 year-old Bushra Bibi, said her daughter-in-law was seven months pregnant.
“After the flood, my daughter-in-law hasn’t eaten anything for several hours because there was nothing to curb the hunger,” she added.
She begged for any food available, Ms Bibi recalled, even bread soaked in water.
“We were looking to the sky, crying for food like birds waiting for their mother to bring food to its beak,” Ms Bibi said.
The UN Population Fund says nearly 650,000 women are stranded in flood affected areas, requiring immediate maternal health services to ensure a safe pregnancy and childbirth.
Taimur Ali of the provincial disaster management authority in Khyber Pakhtunkhwa confirmed that the government had not announced any special grants or help for the refugees.
By contrast, he said the UNHCR had reached the refugees, distributing tents, food, cooking stoves, blankets, solar lamps, sanitary products and sleeping mats.
However, the refugees say the items provided are still not sufficient to meet their food and shelter needs.
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The bio
Favourite book: The Alchemist by Paulo Coelho
Favourite travel destination: Maldives and south of France
Favourite pastime: Family and friends, meditation, discovering new cuisines
Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.
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5 of the most-popular Airbnb locations in Dubai
Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:
• Dubai Marina
The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.
Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739
Two bedroom: Dh627 to Dh960
Three bedroom: Dh721 to Dh1,104
• Downtown
Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure. “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."
Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154
• City Walk
The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena. “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”
Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809
Two bedroom: Dh682 to Dh1,052
Three bedroom: Dh784 to Dh1,210
• Jumeirah Lake Towers
Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.
Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629
Two bedroom: Dh549 to Dh818
Three bedroom: Dh631 to Dh941
• Palm Jumeirah
Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.
Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770
Two bedroom: Dh654 to Dh1,002
Three bedroom: Dh752 to Dh1,152
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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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Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae