• A forest burns in Marmaris, a popular tourist destination in south-western Turkey.
    A forest burns in Marmaris, a popular tourist destination in south-western Turkey.
  • A plane pours water over Sirtkoy, a village near Manavgat, Antalya.
    A plane pours water over Sirtkoy, a village near Manavgat, Antalya.
  • People use a boat to flee fire in Mazi, a village near the port city Bodrum. A house and car can be seen burning in the background.
    People use a boat to flee fire in Mazi, a village near the port city Bodrum. A house and car can be seen burning in the background.
  • Firefighters tackle a burning building in Sirtkoy.
    Firefighters tackle a burning building in Sirtkoy.
  • A man reacts as a helicopter pours water over Sirtkoy, a village near Manavgat.
    A man reacts as a helicopter pours water over Sirtkoy, a village near Manavgat.
  • Tourists flee smoke-engulfed Mazi, near Bodrum, as bushfires roll down the hill towards the shore.
    Tourists flee smoke-engulfed Mazi, near Bodrum, as bushfires roll down the hill towards the shore.
  • A man walks with his dog on the beach of smoke-engulfed Mazi area as wildfires rolled down the hill toward the seashore, in Bodrum, Mugla.
    A man walks with his dog on the beach of smoke-engulfed Mazi area as wildfires rolled down the hill toward the seashore, in Bodrum, Mugla.
  • People move away from fire in Sirtkoy.
    People move away from fire in Sirtkoy.
  • A man flees the flames in Sirtkoy.
    A man flees the flames in Sirtkoy.
  • People watch the fire spread in Sirtkoy after fleeing their homes in the village.
    People watch the fire spread in Sirtkoy after fleeing their homes in the village.
  • A British couple board a boat with their cat after fleeing their home in Turunc, a village near Marmaris.
    A British couple board a boat with their cat after fleeing their home in Turunc, a village near Marmaris.
  • People wait near bushfire in a rural part of Marmaris.
    People wait near bushfire in a rural part of Marmaris.
  • Locals take water from the sea to battle the blaze in Turunc.
    Locals take water from the sea to battle the blaze in Turunc.
  • People use a scooter in Turunc before the village is evacuated.
    People use a scooter in Turunc before the village is evacuated.
  • Firefighters and volunteers try to extinguish a fire near Marmaris.
    Firefighters and volunteers try to extinguish a fire near Marmaris.
  • People ride a scooter near a bushfire in rural Marmaris.
    People ride a scooter near a bushfire in rural Marmaris.
  • A helicopter pours water on Sirtkoy.
    A helicopter pours water on Sirtkoy.
  • People try to put out a fire in Marmaris.
    People try to put out a fire in Marmaris.
  • Vegetation burns behind a hotel in Icmeler, near Marmaris.
    Vegetation burns behind a hotel in Icmeler, near Marmaris.
  • Tourists wait to be rescued from smoke-engulfed village of Mazi as flames roll down the hill towards the shore.
    Tourists wait to be rescued from smoke-engulfed village of Mazi as flames roll down the hill towards the shore.

Turkey fires: coastal residents flee by boat as death toll rises to 8


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Bushfires raging near Turkey’s holiday beach destinations of Antalya and Mugla forced residents and tourists to flee by boat as the death toll from the blazes in the country's south and south-east rose to eight on Sunday with the discovery of two more bodies.

Most of the more than 100 blazes that erupted in Turkey since Wednesday have been contained, authorities said, but firefighters were still trying to bring about half a dozen fires under control.

Turkey fires map

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Health Minister Fahrettin Koca said at least 27 people affected by the fires were still receiving treatment in hospital while hundreds of others had been released. The fires had already claimed the lives of five people in Manavgat and one person in Marmaris in recent days.

The fires forced the evacuation of the village of Mazikoy in Mugla province. Nurten Almaz, a farmer, said she lost everything.

“I feel so much pain, like I lost a child,” she told the Associated Press. Ms Almaz, 63, said she lost her animals and her home as well as “one century of people’s labour”.

I feel so much pain, like I lost a child
Nurten Almaz,
farmer in Mugla province

The fire in Mazikoy was reignited in strong winds on Monday, several hours after fire crews had made gains in containing the blaze, the broadcaster Haberturk reported.

Residents also had to flee nearby Cokertme village as flames neared on Sunday. Some boarded boats and others left by car as the fire approached. In one video, fire engines and cars are seen rushing to escape, with fire raging on all sides.

Bodrum mayor Ahmet Aras said on Sunday evening that people in Cokertme and Mazi experienced “hell” as they fled from the fire. He said the blaze could not be stopped and hoped to protect residential areas but said it was too late for the trees.

The area was engulfed by Sunday night, raising concerns about two power plants nearby.

Authorities told tourists and residents to keep evacuating Turunc, a town in the seaside resort of Marmaris in Mugla province. Fires enveloped the area and strong winds made firefighting efforts more difficult. A helicopter attempted to extinguish the blazes, which were unreachable by land.

As residents of villages around Marmaris pleaded for more help on social media, people boarded small boats carrying suitcases. Others waited anxiously to see if the fire would come down to the shore.

Since Wednesday, thousands of people have been moved from their homes. Locals as well as support teams from Russia, Ukraine, Iran and Azerbaijan were sent to help firefighters. The European Commission said it helped mobilise a firefighting Canadair plane from Croatia and two from Spain to aid Turkey.

The Turkish government pledged to rebuild damaged homes and compensate for losses in areas affected by the fires.

A heatwave across southern Europe, fed by hot air from North Africa, has led to wildfires across the Mediterranean, including on the Italian island of Sicily and in western Greece, where some residents had to be moved by boat to escape the flames.

Temperatures in Turkey and nearby countries in south-east Europe are expected to climb to 42ºC on Monday in many cities and towns. Antalya registered 41ºC on Sunday, about 5ºC above normal.

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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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Founder: Omar Onsi

Launched: 2018

Employees: 35

Financing stage: Seed round ($12 million)

Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners

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Updated: August 02, 2021, 1:51 PM