NEW DELHI // The ramshackle neighbourhoods of north-eastern Delhi are home to 2.2 million people packed along narrow streets. Buildings are made from a single layer of brick. Extra floors are added to dilapidated buildings not meant to handle their weight. Tangles of electrical cables hang precariously everywhere.
If a major earthquake were to strike India's capital, these neighbourhoods - the country's most crowded - would collapse into an apocalyptic nightmare. Waters from the nearby Yamuna River would turn the water-soaked subsoil to jelly, which would intensify the shaking.
The Indian government knows this and has done almost nothing about it.
An examination of government documents spanning five decades revealed a pattern of warnings and recommendations that have been widely disregarded. Successive governments made plans and promises to prepare for a major earthquake in the city of 16.7 million, only to abandon them each time.
Delhi, which sits near a highly seismically active area, is ranked four out of five on a seismic threat scale used in India.
The Delhi government's own estimates say nine out of every 10 buildings in the city are at risk of moderate or significant quake damage, yet the basic disaster response plan it had promised to complete nearly three years ago remains unfinished, there are nearly no earthquake awareness drills in schools and offices and tens of thousands of housing units are built every year without any earthquake safety checks.
Fearing many of the city's buildings could lie in ruins after a quake, the Delhi government began work in 2005 with US government assistance to reinforce just five buildings - including a school and a hospital - it would need to begin a rudimentary relief operation to deal with the dead, wounded and homeless. Six years later, only one of those buildings is ready to cope with an earthquake.
"At the end of the day, people at the helm of affairs are not doing anything," said Anup Karanth, an earthquake engineering expert.
In its attitudes to disaster preparedness, India is like many other poor nations - aware of the danger but bogged down by both inertia and more immediate demands on its resources.
But Delhi faces immense earthquake risks. Last September, two minor jolts sent thousands of scared residents into the streets, and experts have said a big one looms on the horizon.
As far back as 1960, after a moderate quake cut power and plunged Delhi - then a city of 2.7 million - into darkness, the Geological Survey of India advised that all large buildings in the capital needed to have a plan for earthquake safety.
A series of reports by other agencies have expanded on that conclusion in recent years, but both the city and national governments have ignored almost all of the recommendations.
Some reports were ignored because of apathy, others because of shifting priorities. In a city and country growing at lightning speed with major problems of poverty and hunger that need more immediate solutions, earthquake preparedness has simply never been at the top of the list. That's what happened to the 2005 plan to prepare five important buildings in the capital for an earthquake.
Government engineers were sent to California to train. But the following year - with only the school made earthquake ready - all the engineers were taken off the project. They were reassigned to build stadiums for the 2010 Commonwealth Games, said M Shashidhar Reddy, the vice chairman of India's National Disaster Management Agency.
Just last year, a Delhi government agency ordered all new home buyers to get a building safety certificate that would mark their homes as structurally sound before registering property. But it later withdrew the order, saying there weren't enough engineers trained to conduct such inspections.
"That's like saying let's not have any traffic rules because we don't have enough policemen," said Hari Kumar, who heads Geohazards India, an organisation that promotes earthquake awareness.
Contractors routinely flout regulations, use substandard material and add illegal floors to buildings, while bribing government inspectors to look the other way, said Mr Reddy, the disaster management official. A 2001 quake in the state of Gujarat killed more than 13,000.
Geologists believe the Central Himalayan Gap, a 500-kilometre stretch between Nepal and India, is ripe for a major quake. A 6.8 quake along the fault in March 1999 damaged many buildings in Delhi, just 200km to 500km from the gap.
Studies have shown such a large build-up of energy that a shifting of the tectonic plates could cause an 8.7-magnitude earthquake, said Roger Bilham, a geologist at the University of Colorado, Boulder.
It was India's Department of Meteorology that found north-east Delhi particularly vulnerable in an unreleased 2005 study.
Meanwhile, many residents do not realise the danger, or wrongly believe they are safe from it.
When earthquake engineering expert, Mr Karanth, decided to buy an apartment in 2010, he picked a builder who promised to deliver an earthquake-resistant building. Last year, he realised the project had none of the promised earthquake safety features. "This is not one or two apartments that I'm talking about. These are thousands of apartment units being constructed," he said.
He complained and demanded an explanation.
Instead, the construction company offered to give him back his deposit.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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.”
Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
'The Coddling of the American Mind: How Good Intentions and Bad Ideas are Setting up a Generation for Failure'
Greg Lukianoff and Jonathan Haidt, Penguin Randomhouse
UAE currency: the story behind the money in your pockets
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S23%20ULTRA
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Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
COMPANY%20PROFILE%20
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The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
The biog
Name: Fareed Lafta
Age: 40
From: Baghdad, Iraq
Mission: Promote world peace
Favourite poet: Al Mutanabbi
Role models: His parents
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Representing%20UAE%20overseas
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