Parts of Turkish resort city of Bodrum evacuated as fires spread


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Parts of the western Turkish resort of Bodrum were evacuated on Saturday as the death toll from bushfires in the country rose to six.

The owners of private boats and yachts were asked to help with the operation, which was led by the coast guard.

Video showed plumes of smoke and fire enveloping a hill close to the shore.

Since Wednesday, forests and some settlements in Turkey have been razed, as strong winds and scorching heat fanned the flames.

Fires have encroached on villages and tourist resorts, forcing people to flee.


Plumes of smoke from a wildfire rises over a residential area in the holiday resort of Bodrum, Turkey on July 31, 2021. Sevgin Ozkan via Reuters
Plumes of smoke from a wildfire rises over a residential area in the holiday resort of Bodrum, Turkey on July 31, 2021. Sevgin Ozkan via Reuters

The minister of agriculture and forestry, Bekir Pakdemirli, said 88 of the 98 fires that had broken out since Wednesday had been brought under control.

Neighbourhoods in five provinces were declared disaster zones by Turkey’s emergency and disaster authority.

The health minister, Fahrettin Koca, said two forest workers had been killed, taking the death toll from the fires to six.

At least five people died in Manavgat, Antalya province, and one died in Marmaris. Both towns are tourist destinations on the Mediterranean.

Health Minister Fahrettin Koca said 400 people in Manavgat were treated in hospital and released, while 10 were admitted for further care. In Marmaris, 159 people were taken to hospital, and one in-patient was being treated for burns.

In southern Hatay province, flames spread into populated areas but appeared to have been brought under control.


On Saturday, President Recep Tayyip Erdogan visited areas affected by fire, inspecting the damage from a helicopter.

Speaking from Manavgat, he said the government would cover the rent of people made homeless by the fire and help them to rebuild their homes.

He said taxes, social security and credit payments would be postponed for those affected and small businesses would be offered credit with zero interest.

“We cannot do anything beyond wishing the mercy of God for the lives we have lost but we can replace everything that was burnt,” he said.

Mr Erdogan said the number of planes fighting the fires had been increased from six to 13, including aircraft sent by Russia, Ukraine, Iran and Azerbaijan.

Dozens of helicopters and drones were also being used, he said.


Bushfires are common in Turkey coastal regions during the arid summer months.

In the past, Turkey has blamed some forest fires on arson or on Kurdish militants. Mr Erdogan said authorities were investigating the possibility of “sabotage” causing fires.

Tourism is an important source of revenue for the country, and business owners had hoped that the easing of some coronavirus safety measures would make this summer season more profitable than last year’s, when pandemic travel restrictions caused tourism to plummet.

This year, a heatwave across southern Europe, fed by hot air from Africa, has ignited fires in many Mediterranean countries.

Firefighters on the Italian island of Sicily battled dozens of blazes on Saturday.

The fires, fuelled by high temperatures, prompted the Sicilian governor to request assistance from Rome.

About 150 people trapped in two seaside areas of the city of Catania were rescued by sea late on Friday and transferred by rubber dinghies to coast guard boats.

Temperatures in Greece and other countries in south-east Europe are expected to climb to 42ºC on Monday and ease only later next week.

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

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Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

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Barcelona 4 (Messi 23' pen, 45 1', 48', Busquets 85')

Celta Vigo 1 (Olaza 42')

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.”

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

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UAE currency: the story behind the money in your pockets
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The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

The drill

Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.

Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”

Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”

Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.” 

UJDA CHAMAN

Produced: Panorama Studios International

Directed: Abhishek Pathak

Cast: Sunny Singh, Maanvi Gagroo, Grusha Kapoor, Saurabh Shukla

Rating: 3.5 /5 stars

Updated: July 31, 2021, 6:58 PM