A Pakistani court has approved the relocation of a mistreated elephant from a small Islamabad zoo to an elephant sanctuary in Cambodia following a campaign by animal rights activists backed by the pop star Cher.
The 33-year-old Asian Elephant named Kaavan was chained up, isolated and denied proper care during the hot summer months. Conservation experts say elephants need a roaming area of 150 square kilometres, but Kaavan was kept in an enclosure of less than 2.5 kilometres with little water to bathe in and an inappropriate diet.
"This is a sad step to take, but the correct one for Kaavan," Mian Aslam Amin, Pakistan's federal minister for climate change told The National.
The ministry set up a technical team under the Islamabad Wildlife Management Board which recommended that Kaavan be retired from zoo life and rehomed at the Cambodia Wildlife Sanctuary.
“We want to ensure a totally safe relocation without any harm to Kaavan,” Mr Amin said.
Experts will visit from Cambodia to advise on plans for the journey, after which Kaavan is expected to be moved by plane. Once in Cambodia, he will “live in wilderness for the remainder of his life,” Mr Amin said.
Kaavan was given to Pakistan as a young calf in 1985 by the government of Sri Lanka but in recent years he was chained for the safety of the visitors. The elephant was being kept alone after his only companion, an elephant named Saheli, died in 2012.
Wildlife experts said he has recently shown symptoms of mental illness and had become aggressive.
Kaavan’s case gained worldwide attention, including a petition signed by more than 400,000 people to free the chained elephant. He even gained a celebrity fan – the singer Cher – who championed his cause on the world stage.
Eventually the Pakistan courts intervened and ordered Kaavan’s freedom in May, instructing wildlife officials to send him to a suitable sanctuary in short order.
On hearing of the court order for Kaavan’s freedom last month, the pop star and animal rights activist tweeted: “It’s so emotional for us that I have to sit down.”
The Cambodia Wildlife Sanctuary said Kaavan is expected to arrive in six to eight weeks.
“Huge thanks to the many people who have fought for his freedom over the last five years, thank you too, to those who signed petitions asking for his release,” a post on the organisation’s Facebook page read.
“Now our task is to prepare for his arrival, including building him a shelter to suit his stature.”
Safwan Shahab Ahmad of the Pakistan Wildlife Foundation has monitored Kaavan since 1992 and is disappointed to see the old elephant go.
"Zoo officials have not provided him [with a] natural habitat," he told The National.
He believes Kaavan has been suffering from mental illness since 2006 and hopes his new home will provide him with a safe environment to spend the rest of his days.
The average lifespan of an Asian elephant is 47 years but in the wild they can live up to 60. The species, which is classified as endangered by the International Union for the Conservation of Nature (IUCN) has declined by an estimated 50 per cent over the past 75 years.
May’s court order also issued a ruling ordering the temporary relocation of several other animals in the Islamabad zoo, including lions, bears and birds, until it improves the living standards of the animals under its care.
EA Sports FC 25
Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, Xbox One and Xbox Series X/S
Rating: 3.5/5
Pad Man
Dir: R Balki
Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte
Three-and-a-half stars
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Day 2, stumps
Pakistan 482
Australia 30/0 (13 ov)
Australia trail by 452 runs with 10 wickets remaining in the innings
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 SPECS
Engine: 4.4-litre V8
Transmission: eight-speed automatic
Power: 523hp
Torque: 750Nm
Price: Dh469,000
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
Match info
Deccan Gladiators 87-8
Asif Khan 25, Dwayne Bravo 2-16
Maratha Arabians 89-2
Chadwick Walton 51 not out
Arabians won the final by eight wickets
Zayed Sustainability Prize
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
Kandahar%20
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