India’s Greater One-Horned rhinoceros
India’s Greater One-Horned rhinoceros
India’s Greater One-Horned rhinoceros
India’s Greater One-Horned rhinoceros

Leonardo DiCaprio lauds India's efforts to end poaching of rare rhinos


Taniya Dutta
  • English
  • Arabic

Hollywood star and environmental campaigner Leonardo DiCaprio has praised India’s conservation efforts and protection of the endangered Greater One--Horned rhinos, which poachers pushed to the edge of extinction.

The star of Titanic praised on Instagram India’s conservation efforts for the species at Kaziranga National Park in north-eastern Assam state — the only natural habitat for the giant animals.

The Greater One-Horn rhinos are the largest of the Asian rhinoceros species and for decades were poached for their keratin-rich horns, believed to be a key ingredient in traditional Chinese medicine.

India launched Project Rhino in 2005 to end poaching and achieve the target of their population being preserved at least to the level of 3,000 by 2020.

DiCaprio called the conservation of the species and increase in their population a “triumph”.

“In 2021, the government of the Indian state of Assam set out to end the poaching of the endangered Greater One-Horned rhinoceros in Kaziranga National Park following the killing of around 190 animals for their horns between 2000 and 2021,” he wrote.

“In 2022, they met their goal and no rhinos were poached in the area for the first time since 1977."

The rhinos were declared an endangered species in 1975 after their numbers dropped to a few hundred.

But over the decades, with the work of conservationists and dedicated police and forest guards, some of them armed with AK-47 rifles, their population has grown remarkably at the park.

Last year, the government said that the rhino population increased by 200 over the past four years and no cases of poaching were reported at the park in more than four decades.

There are 2,613 rhinos living in the protected zone of the park, spread over 430 square km, the government said last year, while nearly 600 are in six other national parks across Assam and West Bengal state.

The mammals were downgraded from endangered to the vulnerable category in the 2008 Red List of the International Union for Conservation of Nature.

Only adult males have horns, which can measure up to 25cm and weigh 3kg. The animals use their horns to protect their calves, dig for water and defend territory.

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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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Group C: Netherlands, Ukraine, Austria, 
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Omar Yabroudi's factfile

Born: October 20, 1989, Sharjah

Education: Bachelor of Science and Football, Liverpool John Moores University

2010: Accrington Stanley FC, internship

2010-2012: Crystal Palace, performance analyst with U-18 academy

2012-2015: Barnet FC, first-team performance analyst/head of recruitment

2015-2017: Nottingham Forest, head of recruitment

2018-present: Crystal Palace, player recruitment manager

 

 

 

 

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Based: Muscat

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Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

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Updated: February 09, 2023, 9:43 PM