GILGIT, Pakistan // At least nine climbers have perished on K-2 in Pakistan in the worst day for mountaineering on the world's second-highest peak, and the toll could rise further, expedition organisers said today.
Those confirmed dead included three South Koreans, two Nepalese, along with Serbian, Norwegian, Dutch and French climbers.
Unconfirmed reports said one Pakistani had died and several foreign and local climbers were unaccounted for.
Catastrophe struck on Friday, when a chunk of ice broke off from a serac, a pillar of ice, and tore away fixed lines from a perilous steep gully known as the Bottleneck, above 8,200 metres.
Several expeditions were on the mountain, including a Korean team that was making its descent after climbing the 8,611-metre peak in northern Pakistan near the border with China.
The Korean team lost five members, including the two Nepalese, in the ice fall.
"They were returning from the summit when an avalanche at the Bottleneck hit them," Ghulam Mohammed, owner of Blue Sky Travels and Tours, said. "Our liaison officer at the base camp confirmed the death of five."
Three more fatalities were confirmed by Brig Mohammed Akram, vice president of Pakistan's Adventure Foundation.
"We don't have names of dead climbers, but it has been confirmed that one Dutch, one Norwegian and one French are in the tally of dead," Brig Akram said.
A Serbian climber, named as Dren Mandic on mountaineering websites, fell to his death while ascending earlier on Friday and a Pakistani was also believed to have died.
The previous deadliest day in the history of K-2, was on Aug 13, 1995, when six people fell or disappeared during a storm, including British climber Alison Hargreaves.
Agostino Da Polenza, the head of Italian mountaineering group Ev-K2-CNR, told SkyItalia Television that based on information he was given by an Italian climber another four people were missing.
The ice fall had left about a dozen climbers stranded at the Bottleneck, at an altitude known as the "Death Zone" because bodies begin degenerating because of lack of oxygen.
A few were either seen or reported to have made their way back to camps, still high on the mountain. The seven surviving members of the Korean team had descended to camps lower down.
"We were told that some climbers are still returning to the camps," Major Farooq Firoz, an army spokesman, said.
The sky was clear, and there were no forecasts of bad weather when the accident happened, said Asghar Ali, a tour operator who reported all members of his expedition were accounted for.
A Dutch expedition said on its website, www.noritk2.nl, that three of its team were descending from Camp Three, at 7,350 metres. Two of them were suffering from frostbite.
But it said there was no information about French climber Hugues d'Aubarede, Irish climber Gerard McDonnell and a third climber identified as Karim.
A team of climbers had begun ascending to take supplies up the mountain, while helicopters were being organised to bring injured climbers down this morning.
A spotter plane has been on standby, waiting for clouds to clear, before flying over the flanks of K-2 to look for those still missing.
More than 70 climbers have lost their lives on K-2, a good number of them at the Bottleneck.
Reinhold Messner, the renowned Italian climber, called K-2, a steep pyramid of rock and ice at the head of a glacial valley, "the mountain of mountains".
Though K-2 is not the deadliest in terms of number of fatalities, statistics show chances of dying making a descent after summitting are far greater than for other peaks.
* Reuters
Several expeditions were on the mountain, and the Korean team was making its descent after summiting the 8,611 metre peak, in northern Pakistan, near the border with China.
"They were returning from the summit when an avalanche at the Bottleneck hit them," Ghulam Mohammad, owner of Blue Sky Travels and Tours, told Reuters. "Our liaison officer at the Base Camp confirmed death of five."
Three of the dead were Korean and two were Nepalese. Seven members of the team managed to reached camps lower down the mountain.
A Serbian climber, identified as Dren Mandic on various mountaineering websites, fell to his death during the ascent and a Pakistani sherpa was also believed to have died last Friday.
The day is likely to go down as the deadliest in the history of K-2, having already certainly matched the toll set on Aug 13 1995, when six people fell or disappeared during a storm, including British female climber Alison Hargreaves.
The head of Italian mountaineering group Ev-K2-CNR said the toll could be higher, according to information he had received from an Italian climber in one of the expeditions.
"According to the rumours from the various expeditions at the base camp, there should be nine people dead and four still missing," the group's head, Agostino Da Polenza, who is in Italy, told SkyItalia television.
Around a dozen climbers were stranded at Bottleneck, at an altitude known as the "Death Zone", because bodies begin degenerating because of lack of oxygen.
A few were either seen or reported to have made their way back to camps, still high on the mountain.
"We were told that some climbers are still returning to the camps," Major Farooq Firoz, an army spokesman, said.
The sky was clear and there were no forecasts of bad weather when the accident happened, said tour operator Asghar Ali, who reported all members of his expedition were accounted for.
A Dutch expedition said on its website, www.noritk2.nl, that three of its team were descending from Camp Three, at 7,350 metres. Two of them were suffering from frostbite.
But it said there was no information about a French climber Hugues d'Aubarede, Irish climber Gerard McDonnell, and a third climber identified as Karim.
The Pakistani military was undecided whether to risk mounting a helicopter rescue mission because of the hazardous conditions, despite clear weather.
"We're still discussing the possibilities of an operation because the altitude where the accident occurred is very high," an army spokesman in the region, Major Farooq Firoz, said.
"We can take a helicopter up there to drop medicines and supplies but carrying out any operation is very difficult."
More than 70 climbers have lost their lives on K-2, a good number of them at the Bottleneck.
Called "the mountain of mountains" by the renowned Italian climber Reinhold Messner, K-2 is not the deadliest in terms of number of fatalities, but statistics show chances of dying making a descent after summitting K-2 are greater than for other peaks.
*Reuters
RESULTS
5pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (Dirt) 1,400m
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6pm: Al Basrah – Maiden (PA) Dh70,000 (D) 1,800m
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6.30pm: Oud Al Touba – Handicap (PA) Dh70,000 (D) 1,800m
Winner: Pharitz Oubai, Sean Kirrane, Ibrahim Al Hadhrami
7pm: Sieh bin Amaar – Conditions (PA) Dh80,000 (D) 1,800m
Winner: Oxord, Richard Mullen, Abdalla Al Hammadi
7.30pm: Jebel Hafeet – Conditions (PA) Dh85,000 (D) 2,000m
Winner: AF Ramz, Sean Kirrane, Khalifa Al Neyadi
8pm: Al Saad – Handicap (TB) Dh70,000 (D) 2,000m
Winner: Sea Skimmer, Gabriele Malune, Kareem Ramadan
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.”
Top tips
Create and maintain a strong bond between yourself and your child, through sensitivity, responsiveness, touch, talk and play. “The bond you have with your kids is the blueprint for the relationships they will have later on in life,” says Dr Sarah Rasmi, a psychologist.
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Show empathy towards your child’s needs as well as your own. Take care of yourself so that you can be calm, loving and respectful, rather than angry and frustrated.
Be open to communication, goal-setting and problem-solving, says Dr Thoraiya Kanafani. “It is important to recognise that there is a fine line between positive parenting and becoming parents who overanalyse their children and provide more emotional context than what is in the child’s emotional development to understand.”
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Uefa Champions League semi-finals, first leg
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When: April 24, 10.45pm kick-off (UAE)
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