India sends rescue teams and aid to Turkey after earthquake


Taniya Dutta
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Follow the latest on the earthquake in Turkey

India sent a team of rescuers and relief supplies to Turkey on Tuesday following the devastating earthquake that has killed more than 4,000 people.

More than 2,300 people were killed in Turkey’s Gaziantep and at least 1,700 were killed in Syria after the 7.8 magnitude quake struck near the border between the two countries on Monday.

An Indian Air Force aircraft carried a team of research and rescue personnel from National Disaster Relief Force, a specially trained dog squad, medical supplies and advanced drilling equipment and tools required for aid efforts.

  • A child being rescued from the rubble in this screengrab obtained from social media, in Bisnia in Syria. Reuters
    A child being rescued from the rubble in this screengrab obtained from social media, in Bisnia in Syria. Reuters
  • A rescued boy is given water in a bottle cap in Hatay, Turkey. Reuters
    A rescued boy is given water in a bottle cap in Hatay, Turkey. Reuters
  • A woman carries a box of food in Kahramanmaras, Turkey. Reuters
    A woman carries a box of food in Kahramanmaras, Turkey. Reuters
  • 'We were screaming for help until people came to help us and they took us to the hospital', said Hamid from Homs who was injured in a building collapse. Matt Kynaston / The National
    'We were screaming for help until people came to help us and they took us to the hospital', said Hamid from Homs who was injured in a building collapse. Matt Kynaston / The National
  • Palestinians attend a vigil to exress solidarity with the people of Turkey and Syria in Khan Yunius in the southern Gaza Strip. AFP
    Palestinians attend a vigil to exress solidarity with the people of Turkey and Syria in Khan Yunius in the southern Gaza Strip. AFP
  • A collapsed building in Hatay, Turkey after a major earthquake struck southern Turkey and northern Syria on February 6. EPA
    A collapsed building in Hatay, Turkey after a major earthquake struck southern Turkey and northern Syria on February 6. EPA
  • A Syrian man cries as he sits on the rubble of a collapsed building in the rebel-held town of Jindayris. AFP
    A Syrian man cries as he sits on the rubble of a collapsed building in the rebel-held town of Jindayris. AFP
  • A man carries a girl who was rescued from the rubble of a collapsed building in Hatay. EPA
    A man carries a girl who was rescued from the rubble of a collapsed building in Hatay. EPA
  • Members of the Turkish community in Berlin gather humanitarian aid. EPA
    Members of the Turkish community in Berlin gather humanitarian aid. EPA
  • A Turkish soldier in front of a collapsed building in Hatay. EPA
    A Turkish soldier in front of a collapsed building in Hatay. EPA
  • The rubble of buildings in the village of Besnaya in Syria's Idlib province. AFP
    The rubble of buildings in the village of Besnaya in Syria's Idlib province. AFP
  • Russian rescuers search for survivors in the town of Jableh in Syria's Latakia province. AFP
    Russian rescuers search for survivors in the town of Jableh in Syria's Latakia province. AFP
  • A photo taken with a drone shows an aerial view over collapsed buildings after an earthquake in Hatay, Turkey. EPA
    A photo taken with a drone shows an aerial view over collapsed buildings after an earthquake in Hatay, Turkey. EPA
  • Destruction in Hatay city centre. AP
    Destruction in Hatay city centre. AP
  • Members of the Turkish community in Berlin collect aid to support victims. Reuters
    Members of the Turkish community in Berlin collect aid to support victims. Reuters
  • An injured man is carried to an ambulance after being rescued from the rubble in Hatay. Reuters
    An injured man is carried to an ambulance after being rescued from the rubble in Hatay. Reuters
  • A man carries an aid box in Hatay. Getty
    A man carries an aid box in Hatay. Getty
  • Bags of wood for fires are distributed in Hatay Turkey. Getty
    Bags of wood for fires are distributed in Hatay Turkey. Getty
  • A man trapped in rubble waits while debris is removed in Hatay. AFP
    A man trapped in rubble waits while debris is removed in Hatay. AFP
  • Residents look for their relatives in Hatay. AFP
    Residents look for their relatives in Hatay. AFP
  • Rescuers look for survivors under the rubble of collapsed buildings in Kahramanmaras, close to the quake's epicentre. AFP
    Rescuers look for survivors under the rubble of collapsed buildings in Kahramanmaras, close to the quake's epicentre. AFP
  • Emergency personnel search for victims at the site of a collapsed building in the city of Iskenderun. EPA
    Emergency personnel search for victims at the site of a collapsed building in the city of Iskenderun. EPA
  • Muhammet Ruzgar, five, is carried by rescuers from the site of a damaged building in Hatay. Reuters
    Muhammet Ruzgar, five, is carried by rescuers from the site of a damaged building in Hatay. Reuters
  • A newborn found attached by her umbilical cord to her mother and pulled alive from the rubble of a home in northern Syria receives care at a clinic in Afrin. AFP
    A newborn found attached by her umbilical cord to her mother and pulled alive from the rubble of a home in northern Syria receives care at a clinic in Afrin. AFP
  • Women grieve in Hatay, Turkey. Reuters
    Women grieve in Hatay, Turkey. Reuters
  • Smoke billows at the site of a collapsed building in Iskenderun, Turkey. Getty
    Smoke billows at the site of a collapsed building in Iskenderun, Turkey. Getty
  • An Iraqi plane offloads aid at Damascus airport in Syria. Reuters
    An Iraqi plane offloads aid at Damascus airport in Syria. Reuters
  • Two people cry near rubble in Turkey's Hatay province. Reuters
    Two people cry near rubble in Turkey's Hatay province. Reuters
  • A damaged building in Iskenderun. EPA
    A damaged building in Iskenderun. EPA
  • Rescuers search for survivors at the site of a collapsed building in Iskenderun. EPA
    Rescuers search for survivors at the site of a collapsed building in Iskenderun. EPA
  • Cennet Sucu is rescued from beneath the rubble of collapsed hospital in Iskenderun. Reuters
    Cennet Sucu is rescued from beneath the rubble of collapsed hospital in Iskenderun. Reuters
  • Security forces load Red Crescent aid on to a plane destined for Syria at a military base in Baghdad, Iraq. Reuters
    Security forces load Red Crescent aid on to a plane destined for Syria at a military base in Baghdad, Iraq. Reuters
  • People rest next to fire amid the rubble in Hatay, after a 7. 8-magnitude earthquake struck Turkey's south-east. AFP
    People rest next to fire amid the rubble in Hatay, after a 7. 8-magnitude earthquake struck Turkey's south-east. AFP
  • Rescuers board a charter plane in Cologne, Germany, as they head to Turkey to assist in the search for find survivors of the quake. Reuters
    Rescuers board a charter plane in Cologne, Germany, as they head to Turkey to assist in the search for find survivors of the quake. Reuters
  • Injured survivors wait to be treated at a field hospital in Iskenderun,Turkey. Getty
    Injured survivors wait to be treated at a field hospital in Iskenderun,Turkey. Getty
  • Residents of Turkish city Adana gather at the scene of a collapsed building. The death toll in Turkey and Syria has risen to more than 2,000 after the region's strongest quake in nearly a century. AFP
    Residents of Turkish city Adana gather at the scene of a collapsed building. The death toll in Turkey and Syria has risen to more than 2,000 after the region's strongest quake in nearly a century. AFP
  • Residents search for survivors amid the rubble of collapsed buildings in the village of Besnia, in Syria's north-western Idlib province. AFP
    Residents search for survivors amid the rubble of collapsed buildings in the village of Besnia, in Syria's north-western Idlib province. AFP
  • A rescuer carries a Syrian toddler, Raghad Ismail, away from the rubble of a building. Reuters
    A rescuer carries a Syrian toddler, Raghad Ismail, away from the rubble of a building. Reuters
  • Residents wait anxiously as rescue operations take place in Diyarbakir, Turkey. Reuters
    Residents wait anxiously as rescue operations take place in Diyarbakir, Turkey. Reuters
  • Rescue workers search for survivors under the rubble in Diyarbakir. Reuters
    Rescue workers search for survivors under the rubble in Diyarbakir. Reuters
  • Residents search for survivors in Besnia, Syria. AFP
    Residents search for survivors in Besnia, Syria. AFP
  • A Syrian man weeps as he carries the body of his son who was killed in an earthquake in the town of Jandaris. AFP
    A Syrian man weeps as he carries the body of his son who was killed in an earthquake in the town of Jandaris. AFP
  • A wounded man in Jandaris. AFP
    A wounded man in Jandaris. AFP
  • Rescue workers search for survivors in Diyarbakir, Turkey. Reuters
    Rescue workers search for survivors in Diyarbakir, Turkey. Reuters
  • A man carries a girl to safety following the earthquake, in Jandaris, Syria. Reuters
    A man carries a girl to safety following the earthquake, in Jandaris, Syria. Reuters
  • People receive treatment at Al Rahma hospital in the Syrian town of Darkush. AFP
    People receive treatment at Al Rahma hospital in the Syrian town of Darkush. AFP
  • Rescuers carry a girl from a collapsed building, in Diyarbakir, Turkey. Reuters
    Rescuers carry a girl from a collapsed building, in Diyarbakir, Turkey. Reuters
  • A survivor is extracted from the rubble in Diyarbakir. AFP
    A survivor is extracted from the rubble in Diyarbakir. AFP
  • The aftermath of the 7.8-magnitude earthquake on February 6 in Adana, Turkey. Reuters
    The aftermath of the 7.8-magnitude earthquake on February 6 in Adana, Turkey. Reuters
  • Rescuers work near the site of a collapsed building in Hama, Syria. Reuters
    Rescuers work near the site of a collapsed building in Hama, Syria. Reuters
  • Turkish sweet vendors at Dubai Waterfront Market watch earthquake updates on a phone. Victor Besa / The National
    Turkish sweet vendors at Dubai Waterfront Market watch earthquake updates on a phone. Victor Besa / The National
  • Hayri Aggül and Ismet Guven watch the latest news on the disaster. Victor Besa / The National
    Hayri Aggül and Ismet Guven watch the latest news on the disaster. Victor Besa / The National
  • Syrian President Bashar Al Assad (C) leads an emergency cabinet meeting in the capital, Damascus. EPA
    Syrian President Bashar Al Assad (C) leads an emergency cabinet meeting in the capital, Damascus. EPA
  • Hundreds of people were killed as they slept. Abd Almajed Alkarh for The National
    Hundreds of people were killed as they slept. Abd Almajed Alkarh for The National
  • Rescue teams search for survivors in Idlib, Syria. Abd Almajed Alkarh for The National
    Rescue teams search for survivors in Idlib, Syria. Abd Almajed Alkarh for The National
  • Rescue teams look for survivors under the rubble of a collapsed building in the northern Syrian city of Aleppo. AFP
    Rescue teams look for survivors under the rubble of a collapsed building in the northern Syrian city of Aleppo. AFP
  • A desperate search for survivors in Aleppo. AFP
    A desperate search for survivors in Aleppo. AFP
  • Despair in Diyarbakir, south-eastern Turkey. AFP
    Despair in Diyarbakir, south-eastern Turkey. AFP
  • An injured survivor is pulled from the rubble in Diyarbakir. AFP
    An injured survivor is pulled from the rubble in Diyarbakir. AFP
  • Relatives face an anxious wait as emergency teams search for survivors in Diyarbakir. EPA
    Relatives face an anxious wait as emergency teams search for survivors in Diyarbakir. EPA
  • Damage caused by the earthquake in Idlib, north-western Syria. Moawia Atrash for The National
    Damage caused by the earthquake in Idlib, north-western Syria. Moawia Atrash for The National
  • An injured child is plucked from the rubble of a building following the earthquake in rebel-held Azaz, Syria. Reuters
    An injured child is plucked from the rubble of a building following the earthquake in rebel-held Azaz, Syria. Reuters
  • A Syrian Civil Defence team recovering victims of the earthquake in Idlib. Moawia Atrash for The National
    A Syrian Civil Defence team recovering victims of the earthquake in Idlib. Moawia Atrash for The National
  • Tremors were felt as far away as Cyprus, Egypt and Iraq. Moawia Atrash for The National
    Tremors were felt as far away as Cyprus, Egypt and Iraq. Moawia Atrash for The National
  • Destruction in the rebel-held town of Jandaris, Syria. Reuters
    Destruction in the rebel-held town of Jandaris, Syria. Reuters
  • People search through rubble in Diyarbakir, Turkey. Reuters
    People search through rubble in Diyarbakir, Turkey. Reuters
  • A car is smashed up by fallen debris in Azaz. Reuters
    A car is smashed up by fallen debris in Azaz. Reuters
  • Damaged vehicles after the powerful earthquake in Diyarbakir. EPA
    Damaged vehicles after the powerful earthquake in Diyarbakir. EPA
  • Severe damage to a mosque in Malatya, Turkey. AP
    Severe damage to a mosque in Malatya, Turkey. AP
  • Several buildings collapsed, trapping many people underneath the rubble. AP
    Several buildings collapsed, trapping many people underneath the rubble. AP
  • Hospitals in north-eastern Syria were full of injured people. AFP
    Hospitals in north-eastern Syria were full of injured people. AFP
  • An injured man waits for treatment at Bab Al Hawa hospital in Syria's Idlib province. AFP
    An injured man waits for treatment at Bab Al Hawa hospital in Syria's Idlib province. AFP
  • A car is buried underneath the rubble of a collapsed building in Azmarin, a town in Syria's Idlib province. AP
    A car is buried underneath the rubble of a collapsed building in Azmarin, a town in Syria's Idlib province. AP
  • Rescuers search for victims as an ambulance waits. AFP
    Rescuers search for victims as an ambulance waits. AFP
  • An injured child awaits treatment at Bab Al Hawa hospital. AFP
    An injured child awaits treatment at Bab Al Hawa hospital. AFP
  • Rescuers search through the rubble for survivors. EPA
    Rescuers search through the rubble for survivors. EPA
  • The US Geological Survey said the quake began at 4.17am local time. EPA
    The US Geological Survey said the quake began at 4.17am local time. EPA
  • People at the site of a collapsed building. EPA
    People at the site of a collapsed building. EPA
  • The earthquake in Turkey caused widespread destruction. AP
    The earthquake in Turkey caused widespread destruction. AP
  • People gather around a collapsed building in Pazarcik, in Turkey's Kahramanmaras province. AP
    People gather around a collapsed building in Pazarcik, in Turkey's Kahramanmaras province. AP
  • At least 130 buildings collapsed in the Turkish city of Malatya. Reuters
    At least 130 buildings collapsed in the Turkish city of Malatya. Reuters
  • Rescuers search for victims in Diyarbakir. AFP
    Rescuers search for victims in Diyarbakir. AFP
  • Rescuers carry a victim at the site of a collapsed building in Hama, Syria. AFP
    Rescuers carry a victim at the site of a collapsed building in Hama, Syria. AFP
  • Rescuers search for survivors in Hama. AFP
    Rescuers search for survivors in Hama. AFP
  • Rescuers carry a victim pulled out from under the rubble of an eight-storey building. AFP
    Rescuers carry a victim pulled out from under the rubble of an eight-storey building. AFP
  • Damaged buildings in Hama. The aftershocks of the quake were felt in Syria and other neighbouring countries. Reuters
    Damaged buildings in Hama. The aftershocks of the quake were felt in Syria and other neighbouring countries. Reuters
  • A Syrian Civil Defence representative said the situation in the city was catastrophic. Reuters
    A Syrian Civil Defence representative said the situation in the city was catastrophic. Reuters
  • The death toll is expected to rise in Turkey and Syria. Reuters
    The death toll is expected to rise in Turkey and Syria. Reuters

"India's Humanitarian Assistance and Disaster Relief (HADR) capabilities in action,” Arindam Bagchi, spokesman for the Ministry of External Affairs, tweeted.

“The first batch of earthquake relief material leaves for Turkey, along with NDRF Search and Rescue Teams, specially trained dog squads, medical supplies, drilling machines and other necessary equipment," Mr Bagchi said.

The relief mission came hours after Prime Minister Narendra Modi expressed condolences to the families of those killed in the quake.

He had also instructed officials to offer all possible assistance in coping with the aftermath of the earthquake.

Monday's quake was the worst in Turkey since a 1939 earthquake that killed about 33,000 people.

WHO officials are estimating that 20,000 may have died.

Rescue teams have been scrambling to locate survivors trapped under the rubble in Turkey where hours after the initial quake, a 7.6-magnitude tremor toppled buildings damaged by the overnight quake.

More than 56,000 building were destroyed in Turkey and 224 buildings collapsed in Syria.

More than 330,000 quake victims have been moved into hostels and university campuses.

Turkish Ambassador to India Firat Sunel expressed his gratitude towards the Indian government's offer of assistance.

Sri Lanka Test squad:

Dimuth Karunaratne (stand-in captain), Niroshan Dickwella (vice captain), Lahiru Thirimanne, Kaushal Silva, Kusal Mendis, Kusal Janith Perera, Milinda Siriwardana, Dhananjaya de Silva, Oshada Fernando, Angelo Perera, Suranga Lakmal, Kasun Rajitha, Vishwa Fernando, Chamika Karunaratne, Mohamed Shiraz, Lakshan Sandakan and Lasith Embuldeniya.

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Six pitfalls to avoid when trading company stocks

Following fashion

Investing is cyclical, buying last year's winners often means holding this year's losers.

Losing your balance

You end up with too much exposure to an individual company or sector that has taken your fancy.

Being over active

If you chop and change your portfolio too often, dealing charges will eat up your gains.

Running your losers

Investors hate admitting mistakes and hold onto bad stocks hoping they will come good.

Selling in a panic

If you sell up when the market drops, you have locked yourself out of the recovery.

Timing the market

Even the best investor in the world cannot consistently call market movements.

Top%2010%20most%20competitive%20economies
%3Cp%3E1.%20Singapore%0D%3Cbr%3E2.%20Switzerland%0D%3Cbr%3E3.%20Denmark%0D%3Cbr%3E4.%20Ireland%0D%3Cbr%3E5.%20Hong%20Kong%0D%3Cbr%3E6.%20Sweden%0D%3Cbr%3E7.%20UAE%0D%3Cbr%3E8.%20Taiwan%0D%3Cbr%3E9.%20Netherlands%0D%3Cbr%3E10.%20Norway%0D%3Cbr%3E%3C%2Fp%3E%0A
UAE squad

Humaira Tasneem (c), Chamani Senevirathne (vc), Subha Srinivasan, NIsha Ali, Udeni Kuruppuarachchi, Chaya Mughal, Roopa Nagraj, Esha Oza, Ishani Senevirathne, Heena Hotchandani, Keveesha Kumari, Judith Cleetus, Chavi Bhatt, Namita D’Souza.

In The Heights

Directed by: Jon M. Chu

Stars: Anthony Ramos, Lin-Manual Miranda

Rating: ****

Student Of The Year 2

Director: Punit Malhotra

Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal 

1.5 stars

MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

Wonka
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%C2%A0Paul%20King%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3ETimothee%20Chalamet%2C%20Olivia%20Colman%2C%20Hugh%20Grant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
The specs: 2018 Volkswagen Teramont

Price, base / as tested Dh137,000 / Dh189,950

Engine 3.6-litre V6

Gearbox Eight-speed automatic

Power 280hp @ 6,200rpm

Torque 360Nm @ 2,750rpm

Fuel economy, combined 11.7L / 100km

The UAE squad for the Asian Indoor and Martial Arts Games

The jiu-jitsu men’s team: Faisal Al Ketbi, Zayed Al Kaabi, Yahia Al Hammadi, Taleb Al Kirbi, Obaid Al Nuaimi, Omar Al Fadhli, Zayed Al Mansoori, Saeed Al Mazroui, Ibrahim Al Hosani, Mohammed Al Qubaisi, Salem Al Suwaidi, Khalfan Belhol, Saood Al Hammadi.

Women’s team: Mouza Al Shamsi, Wadeema Al Yafei, Reem Al Hashmi, Mahra Al Hanaei, Bashayer Al Matrooshi, Hessa Thani, Salwa Al Ali.

Ferrari
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Michael%20Mann%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Adam%20Driver%2C%20Penelope%20Cruz%2C%20Shailene%20Woodley%2C%20Patrick%20Dempsey%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
FIXTURES

All kick-off times UAE ( 4 GMT)

Friday
Sevilla v Levante (midnight)

Saturday
Athletic Bilbao v Real Sociedad (7.15pm)
Eibar v Valencia (9.30pm)
Atletico Madrid v Alaves (11.45pm)

Sunday
Girona v Getafe (3pm)
Celta Vigo v Villarreal (7.15pm)
Las Palmas v Espanyol (9.30pm)
Barcelona v Deportivo la Coruna (11.45pm)

Monday
Malaga v Real Betis (midnight)

Result

6.30pm: Al Maktoum Challenge Round-3 – Group 1 (PA) $65,000 (Dirt) 2,000m; Winner: Brraq, Ryan Curatolo (jockey), Jean-Claude Pecout (trainer)

7.05pm: Handicap (TB) $65,000 (Turf) 1,800m; Winner: Bright Melody, James Doyle, Charlie Appleby

7.40pm: Meydan Classic – Listed (TB) $88,000 (T) 1,600m; Winner: Naval Crown, Mickael Barzalona, Charlie Appleby

8.15pm: Nad Al Sheba Trophy – Group 3 (TB) $195,000 (T) 2,810m; Winner: Volcanic Sky, Frankie Dettori, Saeed bin Suroor

8.50pm: Dubai Millennium Stakes – Group 3 (TB) $130,000 (T) 2,000m; Winner: Star Safari, William Buick, Charlie Appleby

9.25pm: Meydan Challenge – Listed Handicap (TB) $88,000 (T) 1,400m; Winner: Zainhom, Dane O’Neill, Musabah Al Muhairi

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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.”

Second Test

In Dubai

Pakistan 418-5 (declared)
New Zealand 90 and 131-2 (follow on)

Day 3: New Zealand trail by 197 runs with 8 wickets remaining

Switching%20sides
%3Cp%3EMahika%20Gaur%20is%20the%20latest%20Dubai-raised%20athlete%20to%20attain%20top%20honours%20with%20another%20country.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVelimir%20Stjepanovic%20(Serbia%2C%20swimming)%20%3C%2Fstrong%3E%0D%3Cbr%3EBorn%20in%20Abu%20Dhabi%20and%20raised%20in%20Dubai%2C%20he%20finished%20sixth%20in%20the%20final%20of%20the%202012%20Olympic%20Games%20in%20London%20in%20the%20200m%20butterfly%20final.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJonny%20Macdonald%20(Scotland%2C%20rugby%20union)%20%3C%2Fstrong%3E%0D%3Cbr%3EBrought%20up%20in%20Abu%20Dhabi%20and%20represented%20the%20region%20in%20international%20rugby.%20When%20the%20Arabian%20Gulf%20team%20was%20broken%20up%20into%20its%20constituent%20nations%2C%20he%20opted%20to%20play%20for%20Scotland%20instead%2C%20and%20went%20to%20the%20Hong%20Kong%20Sevens.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESophie%20Shams%20(England%2C%20rugby%20union)%20%3C%2Fstrong%3E%0D%3Cbr%3EThe%20daughter%20of%20an%20English%20mother%20and%20Emirati%20father%2C%20Shams%20excelled%20at%20rugby%20in%20Dubai%2C%20then%20after%20attending%20university%20in%20the%20UK%20played%20for%20England%20at%20sevens.%20%0D%3C%2Fp%3E%0A
Salah in numbers

€39 million: Liverpool agreed a fee, including add-ons, in the region of 39m (nearly Dh176m) to sign Salah from Roma last year. The exchange rate at the time meant that cost the Reds £34.3m - a bargain given his performances since.

13: The 25-year-old player was not a complete stranger to the Premier League when he arrived at Liverpool this summer. However, during his previous stint at Chelsea, he made just 13 Premier League appearances, seven of which were off the bench, and scored only twice.

57: It was in the 57th minute of his Liverpool bow when Salah opened his account for the Reds in the 3-3 draw with Watford back in August. The Egyptian prodded the ball over the line from close range after latching onto Roberto Firmino's attempted lob.

7: Salah's best scoring streak of the season occurred between an FA Cup tie against West Brom on January 27 and a Premier League win over Newcastle on March 3. He scored for seven games running in all competitions and struck twice against Tottenham.

3: This season Salah became the first player in Premier League history to win the player of the month award three times during a term. He was voted as the division's best player in November, February and March.

40: Salah joined Roger Hunt and Ian Rush as the only players in Liverpool's history to have scored 40 times in a single season when he headed home against Bournemouth at Anfield earlier this month.

30: The goal against Bournemouth ensured the Egyptian achieved another milestone in becoming the first African player to score 30 times across one Premier League campaign.

8: As well as his fine form in England, Salah has also scored eight times in the tournament phase of this season's Champions League. Only Real Madrid's Cristiano Ronaldo, with 15 to his credit, has found the net more often in the group stages and knockout rounds of Europe's premier club competition.

PREMIER LEAGUE FIXTURES

Saturday (UAE kick-off times)

Watford v Leicester City (3.30pm)

Brighton v Arsenal (6pm)

West Ham v Wolves (8.30pm)

Bournemouth v Crystal Palace (10.45pm)

Sunday

Newcastle United v Sheffield United (5pm)

Aston Villa v Chelsea (7.15pm)

Everton v Liverpool (10pm)

Monday

Manchester City v Burnley (11pm)

25-MAN SQUAD

Goalkeepers: Francis Uzoho, Ikechukwu Ezenwa, Daniel Akpeyi
Defenders: Olaoluwa Aina, Abdullahi Shehu, Chidozie Awaziem, William Ekong, Leon Balogun, Kenneth Omeruo, Jamilu Collins, Semi Ajayi 
Midfielders: John Obi Mikel, Wilfred Ndidi, Oghenekaro Etebo, John Ogu
Forwards: Ahmed Musa, Victor Osimhen, Moses Simon, Henry Onyekuru, Odion Ighalo, Alexander Iwobi, Samuel Kalu, Paul Onuachu, Kelechi Iheanacho, Samuel Chukwueze 

On Standby: Theophilus Afelokhai, Bryan Idowu, Ikouwem Utin, Mikel Agu, Junior Ajayi, Valentine Ozornwafor

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Company%20profile
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Stuck in a job without a pay rise? Here's what to do

Chris Greaves, the managing director of Hays Gulf Region, says those without a pay rise for an extended period must start asking questions – both of themselves and their employer.

“First, are they happy with that or do they want more?” he says. “Job-seeking is a time-consuming, frustrating and long-winded affair so are they prepared to put themselves through that rigmarole? Before they consider that, they must ask their employer what is happening.”

Most employees bring up pay rise queries at their annual performance appraisal and find out what the company has in store for them from a career perspective.

Those with no formal appraisal system, Mr Greaves says, should ask HR or their line manager for an assessment.

“You want to find out how they value your contribution and where your job could go,” he says. “You’ve got to be brave enough to ask some questions and if you don’t like the answers then you have to develop a strategy or change jobs if you are prepared to go through the job-seeking process.”

For those that do reach the salary negotiation with their current employer, Mr Greaves says there is no point in asking for less than 5 per cent.

“However, this can only really have any chance of success if you can identify where you add value to the business (preferably you can put a monetary value on it), or you can point to a sustained contribution above the call of duty or to other achievements you think your employer will value.”

 

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

Updated: February 07, 2023, 6:31 AM