Moscow's metro has returned to normal.
Moscow's metro has returned to normal.

Defiant Muscovites return to metro after blasts



MOSCOW // The Malaysian medical student Sim Eih Xing has classes at various hospitals throughout the Russian capital. The only way he can keep up with his studies is to journey across the expansive city on its famed metro, an exhaustive network of underground railways as celebrated for its beauty as for its efficiency.

Mr Sim, 23, would have good reason to eschew the Moscow metro in favour of above ground transport. He had just left the train at the Park Kultury station on the morning of March 29 when a girl standing next to him - since identified by Russian investigators as 17-year-old Dzhanet Abdurakhmanova - blew herself up, killing 14 people and injuring many. The attack followed a bombing 45 minutes earlier at the Lubyanka station, several stops away on the same line, that killed dozens. As of yesterday, 40 people had died as a result of the attacks.

"There was a bright flash on my left and a very loud explosion, so loud that I thought it made me deaf," Mr Sim said. "I didn't panic at all. It was very strange. After walking for three or four seconds, I turned around and saw bodies lying on the platform and in the carriage. Everything was so chaotic." Despite his harrowing experience, Mr Sim, like millions of residents of the Russian capital, continues to ride the Moscow metro every day, shrugging at the security concerns sparked by the twin bombings, the worst terrorist attack in Moscow in six years. "It's a necessity of my daily life," said Mr Sim, who expects to graduate in June, after which he plans to return to Malaysia. "The metro is the only efficient way for me to get to my classes."

Investigators said the attacks were carried out by two young women linked to the radical Islamist insurgency in Russia's turbulent North Caucasus. Authorities confirmed the identity of the Lubyanka station bomber yesterday as Maryam Sharipova, 28, a teacher from Dagestan. Sharipova's father had told investigators he recognised his daughter in photographs of one of the attackers. Abdurakhmanova was a widow of an Islamist militant slain by government forces, while Sharipova's husband leads a band of insurgents in the North Caucasus, authorities say.

Many Muscovites have said they are avoiding the underground because of safety concerns. But a week after the attacks, life on the Moscow metro appears to be returning to normal. Metro officials said the number of passengers was down 17 per cent the day after the attack but climbed back to just six per cent below the daily norm two days after the bombings. Between eight and nine million passengers travel on the metro every day, according to officials. A woman who answered the telephone at the Moscow metro press service said she did not have figures for this week indicating whether ridership had returned to its regular levels since the attacks.

On Monday, exactly a week after the suicide bombings, it was a typical scene on the Moscow metro's busy circle line, which connects all of the system's other lines. The platform at the Novoslobodskaya station was so crowded that many passengers were unable to squeeze into the packed carriage and had to wait for the next train. Teenagers bopped their heads to their iPods, old women tugged rusty pull-carts behind them and middle-aged men sitting on the carriage benches dozed or flipped through novels.

Dressed sharply in a dark suit and overcoat and clutching the metal railing overhead as the train rumbled down the tracks, Igor Zaslonov, a Moscow lawyer, said he had just travelled across town to deliver case materials to prosecutors. Mr Zaslonov, 42, said the metro was the only viable transport option given the notorious gridlock on Moscow's roads and the punctuality demands of Russian judges. "I can't be even five minutes late to a court hearing," he said. "With the metro, you know more or less what time you will arrive. With Moscow traffic, it's a lottery."

Following the bombings, Mr Zaslonov said his wife instructed him to avoid the metro. "But I had to get to the bank urgently," he said. "What are you going to do?" Shortly after the attacks, reports appeared in the Russian blogosphere claiming that Moscow's fleet of legal and illegal taxis were charging exorbitant rates to those opting to avoid the metro. The reports were followed by an appeal by Vladimir Putin, the Russian prime minister, asking taxi drivers "not to exploit the situation, not to inflate prices, not to create additional difficulties, but instead display solidarity with people who have found themselves in a difficult situation", the state-run Itar-Tass news agency reported.

There were also several reports of taxi drivers and regular citizens driving passengers to their destinations for free on the day of the attacks. Dmitry Medvedev, the Russian president, issued a decree on Monday ordering the implementation within four months of a "comprehensive programme" to boost transportation security, "above all on the metro and other forms of public transit". Mr Sim, meanwhile, said he would continue descending into the cavernous metro system in order to attend his classes, despite his brush with death on the metro platform that incredibly left him with just minor injuries.

"I'm not afraid of taking the metro at all," he said. "I believe God is protecting me. He always does." foreign.desk@thenational.ae

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

LUKA CHUPPI

Director: Laxman Utekar

Producer: Maddock Films, Jio Cinema

Cast: Kartik Aaryan, Kriti Sanon​​​​​​​, Pankaj Tripathi, Vinay Pathak, Aparshakti Khurana

Rating: 3/5

MATCH INFO

Inter Milan v Juventus
Saturday, 10.45pm (UAE)
Watch the match on BeIN Sports

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Where can I submit a sample?

Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.

Collection centres in Abu Dhabi include:

  • Abu Dhabi National Exhibition Centre (ADNEC)
  • Biogenix Labs in Masdar City
  • Al Towayya in Al Ain
  • NMC Royal Hospital in Khalifa City
  • Bareen International Hospital
  • NMC Specialty Hospital, Al Ain
  • NMC Royal Medical Centre - Abu Dhabi
  • NMC Royal Women’s Hospital.

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.”

Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

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ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
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The specs

A4 35 TFSI

Engine: 2.0-litre, four-cylinder

Transmission: seven-speed S-tronic automatic

Power: 150bhp

Torque: 270Nm

Price: Dh150,000 (estimate)

On sale: First Q 2020

A4 S4 TDI

Engine: 3.0-litre V6 turbo diesel

Transmission: eight-speed PDK automatic

Power: 350bhp

Torque: 700Nm

Price: Dh165,000 (estimate)

On sale: First Q 2020