The body of an Iraqi man, who drowned while attempting to swim across the English Channel from France to Britain, has been found off the Belgian coast.
Authorities in Belgium discovered the body of the 48-year-old near the holiday resort of Zeebrugge on Friday. The Bruges prosecutor’s office said the man had been found wearing a life jacket improvised with empty plastic bottles.
He was identified by identity papers he was carrying in a small plastic bag.
Carl Decaluwe, the governor of western Flanders province said it was the first time the body of a migrant had been discovered in his jurisdiction, according to AFP.
It is believed the man lost his life while attempting to reach Britain from a beach in northern France. He was found drifting near a wind farm 30 km from the Belgian coast.
Clare Moseley the founder of the migrant outreach group Care4Calais told The National the loss of the Iraqi man was "shocking" and the manner of his death showed the desperation of migrants in northern France trying to reach Britain.
“It is devastating but it also just shows people at the end of their tether. They are coming from thousands of miles away. They aren't well educated about the risks. They don't understand how, deep, busy and far the channel is,” Ms Moseley said.
“They are past caring. One of the biggest problems we have in Calais ... we have to fight against the depression and despair,” she added.
Ms Moseley also explained that further clamping down on the migrants would not deter them. “The more security is put in place the more people will die and get hurt but the one thing that won't happen is they won't stop coming,” she said.
The death of the Iraqi man comes as Britain grapples with a new wave of migration from mainland Europe across the English Channel.
On Tuesday three small migrant boats were towed into Dover trying to reach the English coastline from France. The UK border force was aware of the incident involving roughly 20 suspected migrants including a woman and a baby. All of the migrants have said they were originally from Iraq and Iran.
Almost exactly the same number of people were rescued on Monday trying to reach the UK from France.
A spokesperson for Britain's home office told The National that the death of the Iraqi man on Friday was a "tragic incident," adding "our thoughts are with the individual involved and their family and friends".
Britain has continued to warn migrants against trying to reach the UK over the 33 km stretch of water. “Anyone seeking to swim across the Channel or to cross this dangerous stretch of water in a small boat is taking a huge risk,” the spokesperson said.
“The home secretary is in discussions with the French authorities about this issue and we continue to work closely at all levels with France,” they added.
The Home Office has confirmed Britain’s home secretary is to meet with her French counterpart Christophe Castaner on Thursday in Paris to discuss the two nations’ bilateral approach to the migrant crisis in the north of France.
Under current arrangements UK Border Force personnel have been patrolling the channel using drones, CCTV and night vision goggles.
Last week, Britain’s prime minister Boris Johnson warned migrants illegally crossing the channel that they would be sent back. Since January The UK has returned more than 65 people who arrived illegally in small boats.
In the same period of time some 1,450 migrants have been rescued either by British or French coastguards, more than double the number who attempted to cross the Channel in the whole of 2018.
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Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
Gulf rugby
Who’s won what so far in 2018/19
Western Clubs Champions League: Bahrain
Dubai Rugby Sevens: Dubai Hurricanes
West Asia Premiership: Bahrain
What’s left
UAE Conference
March 22, play-offs:
Dubai Hurricanes II v Al Ain Amblers, Jebel Ali Dragons II v Dubai Tigers
March 29, final
UAE Premiership
March 22, play-offs:
Dubai Exiles v Jebel Ali Dragons, Abu Dhabi Harlequins v Dubai Hurricanes
March 29, final
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.”
Scoreline
Abu Dhabi Harlequins 17
Jebel Ali Dragons 20
Harlequins Tries: Kinivilliame, Stevenson; Cons: Stevenson 2; Pen: Stevenson
Dragons Tries: Naisau, Fourie; Cons: Love 2; Pens: Love 2
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Strait of Hormuz
Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.
The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.
Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.
Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.
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