A Indo-Tibetan Border Police senior officer wishes luck to the team of soldiers before they leave to rescue and retrieve the bodies of international climbers. AP
A Indo-Tibetan Border Police senior officer wishes luck to the team of soldiers before they leave to rescue and retrieve the bodies of international climbers. AP
A Indo-Tibetan Border Police senior officer wishes luck to the team of soldiers before they leave to rescue and retrieve the bodies of international climbers. AP
A Indo-Tibetan Border Police senior officer wishes luck to the team of soldiers before they leave to rescue and retrieve the bodies of international climbers. AP

Indian paramilitary deployed in 'high-risk' retrieval of dead climbers


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An Indian helicopter carrying elite paramilitary mountaineers took off on Wednesday for a "very high-risk" operation to retrieve five dead climbers and three others believed killed scaling a treacherous Himalayan peak.

Air Force choppers spotted five bodies Monday on the slopes of Nanda Devi in India's high north while looking for the four Britons, two Americans, one Indian and one Australian believed killed by an avalanche last week.

The remains of the three others, all part of a 12-member team, led by highly experienced British climber Martin Moran, are believed to be nearby. Four other Britons split from the bigger group and were rescued on the weekend.

Wednesday's operation began at 5am when a helicopter with four Indo-Tibetan Border Police mountaineers and five Air Force personnel left the nearby hill town of Munsyari.

Border police climbers were to be dropped by the helicopter 5,500 to 6,100 metres up India's second-highest mountain, police spokesman Vivek Kumar Pandey told AFP.

Mr Pandey on Tuesday described the mission as "a very high-risk and high-altitude operation" in a zone where avalanches are frequent.

"In recent times such a high-altitude retrieval has not been carried out in Indian mountains," he added.

The team led by Moran had permission to climb the eastern peak of Nanda Devi, but a Facebook post by Moran's mountaineering firm on May 22 said that they planned to attempt "an unclimbed peak" around 6,500m high.

"This mountain range is more difficult to scale than Mount Everest. They knowingly risked their lives after changing their plans without informing the authorities," an official involved in the operation told AFP on condition of anonymity on Tuesday.

"The permission was granted for Nanda Devi east, and any diversion is illegal. We were completely unaware of their changed plan, and that turned fatal," he said.

Officials said the 12 climbers had set out from Munsyari but separated a week later.

The groups communicated last on May 26, a day before heavy snow fell and massive avalanches hit the heights.

When the eight climbers failed to report back to base camp, the pack of four alerted Indian authorities who started a major search operation.

Hundreds of climbers from across the world visit India to scale mountains across the Himalayan chain, and the peaks in Nanda Devi sanctuary are considered among the toughest.

The climbers in Moran's group have been named as John McLaren, Rupert Whewell and University of York lecturer Richard Payne from Britain, US nationals Anthony Sudekum and Ronald Beimel, Australian Ruth McCance and Indian guide Chetan Pandey.

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

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 

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Men's football draw

Group A: UAE, Spain, South Africa, Jamaica

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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

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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.”

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The biog

Prefers vegetables and fish to meat and would choose salad over pizza

Walks daily as part of regular exercise routine 

France is her favourite country to visit

Has written books and manuals on women’s education, first aid and health for the family

Family: Husband, three sons and a daughter

Fathiya Nadhari's instructions to her children was to give back to the country

The children worked as young volunteers in social, education and health campaigns

Her motto is to never stop working for the country

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5