• A roof batten is stuck in the windshield of a parked car in Paderborn, western Germany, following a tornado. AFP
    A roof batten is stuck in the windshield of a parked car in Paderborn, western Germany, following a tornado. AFP
  • 'In the course of a thunderstorm, a whirlwind on Friday afternoon cut a swath of devastation from west to east through the middle of Paderborn towards the eastern parts of the city,' police said. AP Photo
    'In the course of a thunderstorm, a whirlwind on Friday afternoon cut a swath of devastation from west to east through the middle of Paderborn towards the eastern parts of the city,' police said. AP Photo
  • Parts of a roof hang over the facade of a shop. AP Photo
    Parts of a roof hang over the facade of a shop. AP Photo
  • Meteorologists said heavy rainfall and hail were expected in western and central Germany on Friday, with storms producing gusts of wind up to 130kph. AP Photo
    Meteorologists said heavy rainfall and hail were expected in western and central Germany on Friday, with storms producing gusts of wind up to 130kph. AP Photo
  • Parts of a roof hang over the facade of a car dealership. AP Photo
    Parts of a roof hang over the facade of a car dealership. AP Photo
  • A construction consultant talks to two police officers about the damage. AP Photo
    A construction consultant talks to two police officers about the damage. AP Photo
  • A store is badly damaged. AP Photo
    A store is badly damaged. AP Photo
  • A destroyed solar cell module lies on the roadside next to a fallen tree. AP Photo
    A destroyed solar cell module lies on the roadside next to a fallen tree. AP Photo
  • People walk through Paderborn after the tornado. Reuters
    People walk through Paderborn after the tornado. Reuters
  • A tree lies on top of a car. Reuters
    A tree lies on top of a car. Reuters
  • People walk on the streets following the tornado. Reuters
    People walk on the streets following the tornado. Reuters
  • Two trucks were overturned in the storm. AP Photo
    Two trucks were overturned in the storm. AP Photo
  • Residents clear debris in front of an apartment building. AFP
    Residents clear debris in front of an apartment building. AFP

Dozens hurt as tornado rips through German city


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A tornado swept through the western German city of Paderborn on Friday, injuring dozens of people as it tore roofs from buildings, toppled trees and sent debris flying for miles, authorities said.

Meteorologists reported heavy rainfall and hail in western and central Germany, with storms producing gusts of winds up to 130kph. Storms on Thursday had already disrupted traffic, uprooted trees and flooded hundreds of basements in western Germany.

Paderborn police said 43 people were injured in the storm, 10 seriously. Thirty were hospitalised.

One woman was in a life-threatening condition, police said.

They urged people to remain in their houses so as not to hamper rescue efforts or endanger themselves.

Heavy storm damage was also reported in the nearby town of Lippstadt. A church steeple toppled to the ground and more than 100 people were temporarily trapped at a open-air pool after fallen trees blocked the exit, German news agency DPA reported.

Authorities in Bavaria said 14 people were injured when the wooden hut they were trying to shelter in collapsed at Lake Brombach, south of Nuremberg, on Friday. Among the injured were several children and a 37-year-old woman, who was airlifted to a hospital with serious injuries.

Police said two French citizens died on Thursday after their motorised paraglider was caught by a strong gust of wind shortly after taking off from an airfield in Ballenstedt, 175 kilometres south-west of Berlin. Police in Saxony-Anhalt state said the pair, both 59, were urged to land because of a forecast for an abrupt change in the weather.

Shortly after the warning, “they appear to have been hit by a gust of wind that caused the paraglider to collapse, and the air vehicle crashed onto a field from a height of about 40 metres,” police said.

Schools in the western city of Cologne closed before midday on Friday to give students time to make it home safely before the storms hit.

More than 130 people were killed in the region last summer after it was hit by a flash flood in July.

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

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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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yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

Dubai Women's Tour teams

Agolico BMC
Andy Schleck Cycles-Immo Losch
Aromitalia Basso Bikes Vaiano
Cogeas Mettler Look
Doltcini-Van Eyck Sport
Hitec Products – Birk Sport 
Kazakhstan National Team
Kuwait Cycling Team
Macogep Tornatech Girondins de Bordeaux
Minsk Cycling Club 
Pannonia Regional Team (Fehérvár)
Team Auvergne-Rhône-Alpes
Team Ciclotel
UAE Women’s Team
Under 23 Kazakhstan Team
Wheel Divas Cycling Team

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

Updated: May 21, 2022, 9:28 AM