There are growing fears of a cholera outbreak in the Ukrainian port of Mariupol, where officials say the Russian onslaught has left behind a nightmarish landscape of rotting corpses, rubbish and polluted water.
The pro-Ukrainian city council said tens of thousands of deaths from cholera were a “potential real scenario” for Mariupol, where Russia declared victory last month after a weeks-long siege characterised by some of the heaviest fighting of the war, leading to most of the city's population being evacuated.
That exodus has added to the city’s problems because there is now a shortage of doctors and many residents who were unable to leave Mariupol are already old and sick, city officials said.
“In this state of medicine, any infectious disease turns into a deadly epidemic,” said Petro Andryushchenko, an adviser to Mariupol’s mayor. Some city officials have relocated to temporary homes in towns such as Dnipro or Zaporizhzhia.
Dr Margaret Harris, a representative of the World Health Organisation in Ukraine, said damage to infrastructure during the fighting meant water had become mixed with sewage.
The WHO is concerned about the risk of cholera in the ruins and has positioned cholera treatment and vaccination supplies in the area, Dr Harris said.
Cholera is caused by eating or drinking contaminated goods. It can kill within hours if nothing is done, although many people develop no symptoms and treatment is effective if done promptly.
A regular British intelligence update said isolated cases of cholera had been reported since May and said there was a risk of a major outbreak in Mariupol.
This reflected a pattern of Russia being unable to provide basic services in occupied territories, the UK's Defence Ministry said, with access to drinking water patchy and telephone and internet services disrupted.
“Medical services in Mariupol are likely already near collapse: a major cholera outbreak in Mariupol will exacerbate this further,” it said.
Ukraine suffered a significant cholera outbreak in the mid-1990s, which killed about 30 people, and there have been more cases since along the Sea of Azov where Mariupol is located.
The city council said Mariupol was “literally drowning in garbage and sewage”, that water was polluted and that hasty burials, or people being buried under rubble, meant thousands of bodies were decomposing in the summer heat.
About 22,000 people were killed in the fighting, the council said. An estimated 200,000 left for Ukrainian-held territory, while another 100,000 or so are said to be living under Russian occupation outside Mariupol.
Ukrainian President Volodymyr Zelenskyy said in May that Mariupol had been “completely destroyed” in the fighting. Russia described it as a liberation after it captured the final Ukrainian stronghold in the city, the Azovstal steelworks.
Western officials considered Mariupol to be strategically important because it links Russian-annexed Crimea with the territories Moscow is trying to seize in eastern Ukraine.
Mr Zelenskyy said in an overnight address that key Donbas cities such as Severodonetsk and Lysychansk were “holding on” against Russia’s attempts to seize the region.
Other simple ideas for sushi rice dishes
Cheat’s nigiri
This is easier to make than sushi rolls. With damp hands, form the cooled rice into small tablet shapes. Place slices of fresh, raw salmon, mackerel or trout (or smoked salmon) lightly touched with wasabi, then press, wasabi side-down, onto the rice. Serve with soy sauce and pickled ginger.
Easy omurice
This fusion dish combines Asian fried rice with a western omelette. To make, fry cooked and cooled sushi rice with chopped vegetables such as carrot and onion and lashings of sweet-tangy ketchup, then wrap in a soft egg omelette.
Deconstructed sushi salad platter
This makes a great, fuss-free sharing meal. Arrange sushi rice on a platter or board, then fill the space with all your favourite sushi ingredients (edamame beans, cooked prawns or tuna, tempura veggies, pickled ginger and chilli tofu), with a dressing or dipping sauce on the side.
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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.”
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
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