A worker at the defunct Chernobyl plant in 2016. AP Photo
A worker at the defunct Chernobyl plant in 2016. AP Photo
A worker at the defunct Chernobyl plant in 2016. AP Photo
A worker at the defunct Chernobyl plant in 2016. AP Photo

Chernobyl nuclear plant ceases contact with atomic watchdog after Russian seizure


Laura O'Callaghan
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The Chernobyl nuclear power plant has ceased transmitting data to the UN's atomic watchdog, the agency said, nearly two weeks after Russian forces seized the site.

President Vladimir Putin’s troops captured the defunct site on February 24, the first day of the full-scale invasion of Ukraine.

The International Atomic Energy Agency expressed concern for staff — working under Russian guard — who have not been allowed to rotate shifts with their peers who were off duty on the day of the attack. The agency said Ukrainian authorities had informed it that power at the station had been switched off.

The agency’s chief, Rafael Grossi, “indicated that remote data transmission from safeguards monitoring systems installed at the Chernobyl NPP had been lost”, according to an agency statement on Tuesday.

“The agency is looking into the status of safeguards [and] monitoring systems in other locations in Ukraine and will provide further information soon,” it said.

Ukrainian grid operator Ukrenerho said that, according to the national nuclear regulator, all Chernobyl facilities are without power and the diesel generators have fuel for 48 hours. Without power the “parameters of nuclear and radiation safety” cannot be controlled, it said.

The IAEA said it saw “no critical impact on safety” from the power cut. The Vienna-based UN nuclear watchdog said Ukraine has informed it of the loss of electricity and that the development violates a “key safety pillar on ensuring uninterrupted power supply”.

The IAEA said there could be “effective heat removal without need for electrical supply” from spent nuclear fuel at the site.

Foreign Minister Dmytro Kuleba said the grid supplying electricity is damaged and called for a ceasefire to allow for repairs.

The plant is the site of the infamous 1986 disaster that killed hundreds and spread radioactive contamination west across Europe.

The IAEA uses the term “safeguards” to describe technical measures it applies to nuclear material and activities, with the objective of deterring the spread of nuclear weapons through early detection of the misuse of such material.

More than 200 technical staff and guards are trapped at Chernobyl, and have worked 13 consecutive days since the Russian takeover.

The situation for the staff “was worsening” at the site, the IAEA said, citing the Ukrainian nuclear regulator.

The station is located in an exclusion zone that houses decommissioned reactors as well as radioactive waste facilities. More than 2,000 staff still work at the plant because it requires constant management to prevent another nuclear disaster.

The UN agency called on Russia to allow workers to rotate because rest and regular shifts are crucial to safety at the site.

“I'm deeply concerned about the difficult and stressful situation facing staff at the Chernobyl nuclear power plant and the potential risks this entails for nuclear safety,” Mr Grossi said.

The Zaporizhzhia power plant after Russian forces attacked the site before capturing it on March 4. AP
The Zaporizhzhia power plant after Russian forces attacked the site before capturing it on March 4. AP

“I call on the forces in effective control of the site to urgently facilitate the safe rotation of personnel there.”

Just over a week after seizing Chernobyl, Russian soldiers attacked and took control of Europe's largest atomic power plant, Zaporizhzhia, last week, drawing accusations of “nuclear terror” from the Ukrainian government.

Zaporizhzhia alone has six reactors of a more modern, safer design than the one that melted down at Chernobyl.

RESULTS

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Vinicius de Oliveira (BRA) bt Xavier Alaoui (MAR)
(KO round 2)
Catchweight 68kg:
Sean Soriano (USA) bt Noad Lahat (ISR)
(TKO round 1)
Middleweight:
Denis Tiuliulin (RUS) bt Juscelino Ferreira (BRA)
(TKO round 1)
Lightweight:
Anas Siraj Mounir (MAR) bt Joachim Tollefsen (DEN)
(Unanimous decision)
Catchweight 68kg:
Austin Arnett (USA) bt Daniel Vega (MEX)
(TKO round 3)
Lightweight:
Carrington Banks (USA) bt Marcio Andrade (BRA)
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Catchweight 58kg:
Corinne Laframboise (CAN) bt Malin Hermansson (SWE)
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Bantamweight:
Jalal Al Daaja (CAN) bt Juares Dea (CMR)
(Split decision)
Middleweight:
Mohamad Osseili (LEB) bt Ivan Slynko (UKR)
(TKO round 1)
Featherweight:
Tarun Grigoryan (ARM) bt Islam Makhamadjanov (UZB)
(Unanimous decision)
Catchweight 54kg:
Mariagiovanna Vai (ITA) bt Daniella Shutov (ISR)
(Submission round 1)
Middleweight:
Joan Arastey (ESP) bt Omran Chaaban (LEB)
(Unanimous decision)
Welterweight:
Bruno Carvalho (POR) bt Souhil Tahiri (ALG)
(TKO)

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Man of the match: Eden Hazard (Chelsea)

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Married, father of six

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A timeline of the Historical Dictionary of the Arabic Language
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Results
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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.

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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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Notable salonnières of the Middle East through history

Al Khasan (Okaz, Saudi Arabia)

Tamadir bint Amr Al Harith, known simply as Al Khasan, was a poet from Najd famed for elegies, earning great renown for the eulogy of her brothers Mu’awiyah and Sakhr, both killed in tribal wars. Although not a salonnière, this prestigious 7th century poet fostered a culture of literary criticism and could be found standing in the souq of Okaz and reciting her poetry, publicly pronouncing her views and inviting others to join in the debate on scholarship. She later converted to Islam.

 

Maryana Marrash (Aleppo)

A poet and writer, Marrash helped revive the tradition of the salon and was an active part of the Nadha movement, or Arab Renaissance. Born to an established family in Aleppo in Ottoman Syria in 1848, Marrash was educated at missionary schools in Aleppo and Beirut at a time when many women did not receive an education. After touring Europe, she began to host salons where writers played chess and cards, competed in the art of poetry, and discussed literature and politics. An accomplished singer and canon player, music and dancing were a part of these evenings.

 

Princess Nazil Fadil (Cairo)

Princess Nazil Fadil gathered religious, literary and political elite together at her Cairo palace, although she stopped short of inviting women. The princess, a niece of Khedive Ismail, believed that Egypt’s situation could only be solved through education and she donated her own property to help fund the first modern Egyptian University in Cairo.

 

Mayy Ziyadah (Cairo)

Ziyadah was the first to entertain both men and women at her Cairo salon, founded in 1913. The writer, poet, public speaker and critic, her writing explored language, religious identity, language, nationalism and hierarchy. Born in Nazareth, Palestine, to a Lebanese father and Palestinian mother, her salon was open to different social classes and earned comparisons with souq of where Al Khansa herself once recited.

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Three stars

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Updated: March 09, 2022, 3:35 PM