Teenage castaways safe after 61 days adrift


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Three teenagers who survived on rainwater and a seagull during 61 days adrift off their remote Pacific territory of Tokelau were safe in Fiji on Friday after what was hailed as a “miracle” rescue.

They were plucked from the water as weather forecasters warned of a tropical cyclone bearing down on Fiji.

It was initially believed the boys had been at sea for 50 days, based on search reports, but rescuers who brought the teens ashore said it had been much longer.

"These three young teenagers survived the 61 days ordeal of drifting in the open sea," said Fiji Navy commander, Commander Francis Kean, told reporters.

The boys, who had resorted to sipping seawater when the rain stopped, would not have survived much longer, said Tai Fredricsen, the first mate on the New Zealand-based tuna vessel San Nikunau, which found the trio.

The teenagers were transferred to the Fiji naval patrol boat Kula and arrived in the capital Suva on Friday where they were checked at the navy base before being taken to hospital for a thorough examination.

"It's a miracle, it's a miracle," Tanu Filo, the father of one of the boys, Filo Filo, 15, told Radio New Zealand from Tokelau after learning the boys had been found about 1,420 kilometres (880 miles) from their island home.

"The whole village, the whole village, they were so excited and cried and they sang songs and hugging each other, yeah, on the road. Every people and everybody was yelling and shouting the good news."

Reporters were kept away from the boys when they reached Fiji but Kean said they were very weak.

"They suffered from severe dehydration, as you notice when they got off some of them were still weak on their legs.

"It's still not the right time to have anything solid, their bodies are rejecting food, hence the need to pump them fluid. I thank God for giving these three teenagers another chance."

Filo Filo, and his friends Samuel Perez, 15, and Edward Nasau, 14, went missing in a small aluminium boat in late September and were presumed to have died after unsuccessful searches by the New Zealand air force in early October.

The 500 people on their island of Atafu held memorial services for them.

Fredricsen was at the helm of the San Nikunau when he found the teenagers on Wednesday.

"It was a miracle we got to them," he told Fairfax Media.

"I pulled the vessel up as close as I could to them and asked them if they needed any help. They said 'very much so'. They were ecstatic to see us.

"They were very skinny, but physically in good health, compared to what they have been through."

Fredricsen said the boys had a couple of coconuts on board but no water.

"Somehow they caught a bird, I don't know how, but they caught it. They ate it, that is what is recommended.

"They were having little sips of seawater, which wouldn't have been a great idea, but they had only done it for the last couple of days."

The boys had "only days to survive," he said.

In January 2009, two Myanmar fishermen were spotted floating in a large ice-box off northern Australia after claiming to have spent 25 days at sea. However, survival experts cast doubt on their story.

In 2006, three Mexicans were found drifting in the middle of the Pacific in their stricken boat, nine months after setting out on a shark-fishing expedition.

And in 1982, American sailor Steve Callahan survived 76 days on a life-raft in the Atlantic Ocean after his yacht was holed during a storm.

str-cf/bsk

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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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Dubai Creek Open in numbers
  • The Dubai Creek Open is the 10th tournament on this year's Mena Tour
  • It is the first of five events before the season-concluding Mena Tour Championship
  • This week's field comprises 120 players, 21 of which are amateurs
  • 15 previous Mena Tour winners are competing at Dubai Creek Golf and Yacht Club  
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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

While you're here
The bio

Academics: Phd in strategic management in University of Wales

Number one caps: His best-seller caps are in shades of grey, blue, black and yellow

Reading: Is immersed in books on colours to understand more about the usage of different shades

Sport: Started playing polo two years ago. Helps him relax, plus he enjoys the speed and focus

Cars: Loves exotic cars and currently drives a Bentley Bentayga

Holiday: Favourite travel destinations are London and St Tropez