A person injured in a road accident in Nanchang, China on January 8, 2023, receives treatment in hospital. Xinhua / EPA
A person injured in a road accident in Nanchang, China on January 8, 2023, receives treatment in hospital. Xinhua / EPA
A person injured in a road accident in Nanchang, China on January 8, 2023, receives treatment in hospital. Xinhua / EPA
A person injured in a road accident in Nanchang, China on January 8, 2023, receives treatment in hospital. Xinhua / EPA

Seventeen killed in road accident as China's Lunar New Year travel rush begins


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Seventeen people died and 22 others were injured in a traffic accident in southern China on Sunday as the annual Lunar New Year holiday travel rush got under way.

The accident occurred outside the city of Nanchang in Jiangxi province, according to the local traffic management brigade.

It was not clear how many vehicles or what types were involved and the cause was under investigation, the brigade said.

The Jimu News website quoted a local resident as saying the victims were mourners from the village of Taoling who had set up a funeral tent at the side of the road, as is common in rural China, and were hit by a passing lorry as they were preparing to travel to the local crematorium in the morning.

The woman, identified only by her surname, Deng, told the website that several of the victims were her neighbours.

The scene of the accident had already been cleared, according to another resident quoted by Jimu News, which is published by the Hubei Daily newspaper based in a neighbouring province.

The condition of the injured is not known.

Major traffic accidents, often caused by fatigued drivers and poorly maintained or overloaded vehicles, used to be common in China, but tighter regulations have reduced their frequency in recent years.

Checks on the condition of vehicles, drivers and passenger numbers are redoubled around the time of the Lunar New Year, China’s most important festival for family gatherings when tens of millions of migrant workers return to their hometowns.

With the end of most Covid-19 restrictions, the number of such trips is expected to double this year to more than two billion on and around the week-long festival season that starts this year on January 22.

China's Lunar New Year travel rush begins - in pictures

  • Passengers arrive at Hankou railway station on the first day of peak travel ahead of the Lunar New Year holiday in Wuhan, Hubei province. AFP
    Passengers arrive at Hankou railway station on the first day of peak travel ahead of the Lunar New Year holiday in Wuhan, Hubei province. AFP
  • People wearing masks rush to catch their trains in Suzhou, a city in eastern China's Jiangsu province. This Lunar New Year public holiday, which officially begins on January 21, will be the first since 2020 without coronavirus travel restrictions. Xinhua via AP
    People wearing masks rush to catch their trains in Suzhou, a city in eastern China's Jiangsu province. This Lunar New Year public holiday, which officially begins on January 21, will be the first since 2020 without coronavirus travel restrictions. Xinhua via AP
  • Passengers at Hankou railway station in Wuhan. China is bracing itself for an increase in the spread of coronavirus infections amid the large amount of travelling. AFP
    Passengers at Hankou railway station in Wuhan. China is bracing itself for an increase in the spread of coronavirus infections amid the large amount of travelling. AFP
  • Passengers board their train at Hankou railway station in Wuhan. AFP
    Passengers board their train at Hankou railway station in Wuhan. AFP
  • People wearing masks prepare to catch their trains at the North Railway Station in Shenzhen, a city in southern China's Guangdong province. Xinhua via AP
    People wearing masks prepare to catch their trains at the North Railway Station in Shenzhen, a city in southern China's Guangdong province. Xinhua via AP
  • Passengers arrive at Hankou railway station in Wuhan. AFP
    Passengers arrive at Hankou railway station in Wuhan. AFP
  • Passengers make their way to a Beijing railway station as people go back to their hometowns for Lunar New Year celebrations. AFP
    Passengers make their way to a Beijing railway station as people go back to their hometowns for Lunar New Year celebrations. AFP
  • This Lunar New Year public holiday, which officially begins on January 21, will be the first since 2020 without coronavirus travel restrictions. AFP
    This Lunar New Year public holiday, which officially begins on January 21, will be the first since 2020 without coronavirus travel restrictions. AFP
  • China's Ministry of Transport said on Friday that it expects more than two billion passengers trips over the next 40 days. AFP
    China's Ministry of Transport said on Friday that it expects more than two billion passengers trips over the next 40 days. AFP
  • China on Saturday marked the first day of chunyun, the 40-day period of Lunar New Year travel, and braced itself for an increase in the spread of coronavirus infections. AFP
    China on Saturday marked the first day of chunyun, the 40-day period of Lunar New Year travel, and braced itself for an increase in the spread of coronavirus infections. AFP
  • China has dismantled its zero-Covid policy over the past month following protests against frequent testing, restricted movement and mass lockdowns. AFP
    China has dismantled its zero-Covid policy over the past month following protests against frequent testing, restricted movement and mass lockdowns. AFP

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.”

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

Founders: Ines Mena, Claudia Ribas, Simona Agolini, Nourhan Hassan and Therese Hundt

Date started: January 2017, app launched November 2017

Based: Dubai, UAE

Sector: Private/Retail/Leisure

Number of Employees: 18 employees, including full-time and flexible workers

Funding stage and size: Seed round completed Q4 2019 - $1m raised

Funders: Oman Technology Fund, 500 Startups, Vision Ventures, Seedstars, Mindshift Capital, Delta Partners Ventures, with support from the OQAL Angel Investor Network and UAE Business Angels

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

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SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Children who witnessed blood bath want to help others

Aged just 11, Khulood Al Najjar’s daughter, Nora, bravely attempted to fight off Philip Spence. Her finger was injured when she put her hand in between the claw hammer and her mother’s head.

As a vital witness, she was forced to relive the ordeal by police who needed to identify the attacker and ensure he was found guilty.

Now aged 16, Nora has decided she wants to dedicate her career to helping other victims of crime.

“It was very horrible for her. She saw her mum, dying, just next to her eyes. But now she just wants to go forward,” said Khulood, speaking about how her eldest daughter was dealing with the trauma of the incident five years ago. “She is saying, 'mama, I want to be a lawyer, I want to help people achieve justice'.”

Khulood’s youngest daughter, Fatima, was seven at the time of the attack and attempted to help paramedics responding to the incident.

“Now she wants to be a maxillofacial doctor,” Khulood said. “She said to me ‘it is because a maxillofacial doctor returned your face, mama’. Now she wants to help people see themselves in the mirror again.”

Khulood’s son, Saeed, was nine in 2014 and slept through the attack. While he did not witness the trauma, this made it more difficult for him to understand what had happened. He has ambitions to become an engineer.

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

Name: Colm McLoughlin

Country: Galway, Ireland

Job: Executive vice chairman and chief executive of Dubai Duty Free

Favourite golf course: Dubai Creek Golf and Yacht Club

Favourite part of Dubai: Palm Jumeirah

 

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Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

Results

1.30pm Handicap (PA) Dh50,000 (Dirt) 1,400m

Winner Al Suhooj, Saif Al Balushi (jockey), Khalifa Al Neyadi (trainer)

2pm Handicap (TB) 68,000 (D) 1,950m

Winner Miracle Maker, Xavier Ziani, Salem bin Ghadayer

2.30pm Maiden (TB) Dh60,000 (D) 1,600m

Winner Mazagran, Tadhg O’Shea, Satish Seemar

3pm Handicap (TB) Dh84,000 (D) 1,800m

Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer

3.30pm Handicap (TB) Dh76,000 (D) 1,400m

Winner Alla Mahlak, Adrie de Vries, Rashed Bouresly

4pm Maiden (TB) Dh60,000 (D) 1,200m

Winner Hurry Up, Royston Ffrench, Salem bin Ghadayer

4.30pm Handicap (TB) Dh68,000 (D) 1,200m

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%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20James%20Wan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Jason%20Mamoa%2C%20Patrick%20Wilson%2C%20Amber%20Heard%2C%20Yahya%20Abdul-Mateen%20II%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Cargoz%3Cbr%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%20January%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Premlal%20Pullisserry%20and%20Lijo%20Antony%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2030%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

match info

Maratha Arabians 138-2

C Lynn 91*, A Lyth 20, B Laughlin 1-15

Team Abu Dhabi 114-3

L Wright 40*, L Malinga 0-13, M McClenaghan 1-17

Maratha Arabians won by 24 runs

Updated: January 08, 2023, 9:24 AM