epa06326926 Iranian red crescent and rescue workers try to extract the body of a victim from underneath the wreckage of a collapsed building in the city of Pole-Zahab, in Kermanshah Province, Iran, 13 November 2017. A 7.2 magnitude earthquake that struck Iran's Kermanshah province bordering Iraq has killed over 328 inhabitants and left at least another 3,950 injured, Iranian authorities said.  EPA/ABEDIN TAHERKENAREH
Iranian Red Crescent and rescue workers search the wreckage of a collapsed building in the city of Pole-Zahab. EPA/Abedin Taherkenareh

Aid agencies await the call to assist after Iran-Iraq quake



Within hours of disaster striking in northern Iran and Iraq on Sunday night, aid agencies in the country scrambled into action while overseas organisations began to plan how they could best help the victims of the 7.3 magnitude earthquake, which to date has claimed hundreds of dead and injured thousands.

“The Iranian Red Crescent Society has deployed response teams which include equipment for shelter, first aid, and search and rescue in the aftermath of the earthquake to the affected cities,” said Ms Mansoureh Bagheri, Iran Red Crescent Society’s director for international operations.

A counterpart at the Iraqi Red Crescent Society described operations in that country. “Immediately after the earthquake, we have deployed our teams to evacuate the injured and provide first aid to the affected communities. Our team are working around the clock in the affected areas”, said Mohamad Khosaii.

As the Iranian authorities have indicated that they have no need for assistance immediately in terms of boots on the ground, the focal point for organisations outside of the country has been to prepare to give assistance if and when they are called upon.

Turkey’s Red Crescent was sending 3,000 tents and blankets to the afflicted areas of Iran, according to Anadolu News Agency. The country’s disaster management agency Afad was also sending containers full of aid. “Turkey stands ready to provide search and rescue teams,” foreign minister Mevlut Cavusoglu tweeted.

Médecins Sans Frontières (MSF) already had staff in the region, at the Sulaymaniyah Emergency Hospital in northern Iraq, where they support the emergency room and the intensive care unit, which received 80 cases related to the earthquake.

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“The patients were suffering from minor injuries such as cuts, scratches, small fractures and anxiety. The hospital did not receive any major casualties,” an MSF spokesman said. “[Our] teams are monitoring the situation closely. We have teams ready to respond if required.”

Lise Grande, humanitarian coordinator for Iraq of the UN’s Office for the Coordination of Humanitarian Affairs, said that “our priority right now is to help local authorities respond as quickly as possible. An assessment team has just arrived in Darbandikhan, one of the areas worst impacted by this quake.

“[Monday] morning, the World Health Organization sent an immediate response team and two ambulances to Sulaymaniyah Hospital, the primary hospital in the area, along with trauma and surgical kits,” said Ms Grande. “The key is to act quickly so we can help prevent any further loss of life.”

Other organisations were gearing up to help. Muslim Aid, a UK-based international relief and development agency that works in over 70 countries across Africa, Asia and Europe, to help after natural disasters and lack of life’s basic necessities was planning its response.

“We are responding to the earthquake to assist those in need,” says Zac Hussain, the agency’s business development director.

Mark Nicholson of the UK based relief agency Shelterbox told The National that “[we] responded to a massive quake in Iran on Boxing Day 2003, when over 26,000 died. So, sadly, this region is well used to major seismic activity, and will have the resources to respond. But we are standing by for any request for assistance.”

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

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1984 - Apple unveiled the Macintosh on January 24
1985 - Steve Jobs departed from Apple and established NeXT
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2001 - Apple introduced Mac OS X, marrying Unix stability with a user-friendly interface
2006 - Apple adopted Intel processors in MacBook Pro laptops
2008 - Apple introduced the MacBook Air, a lightweight laptop
2012 - Apple launched the MacBook Pro with a retina display
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How being social media savvy can improve your well being

Next time when procastinating online remember that you can save thousands on paying for a personal trainer and a gym membership simply by watching YouTube videos and keeping up with the latest health tips and trends.

As social media apps are becoming more and more consumed by health experts and nutritionists who are using it to awareness and encourage patients to engage in physical activity.

Elizabeth Watson, a personal trainer from Stay Fit gym in Abu Dhabi suggests that “individuals can use social media as a means of keeping fit, there are a lot of great exercises you can do and train from experts at home just by watching videos on YouTube”.

Norlyn Torrena, a clinical nutritionist from Burjeel Hospital advises her clients to be more technologically active “most of my clients are so engaged with their phones that I advise them to download applications that offer health related services”.

Torrena said that “most people believe that dieting and keeping fit is boring”.

However, by using social media apps keeping fit means that people are “modern and are kept up to date with the latest heath tips and trends”.

“It can be a guide to a healthy lifestyle and exercise if used in the correct way, so I really encourage my clients to download health applications” said Mrs Torrena.

People can also connect with each other and exchange “tips and notes, it’s extremely healthy and fun”.

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Started: 2018
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THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

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Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
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Our legal consultant

Name: Hassan Mohsen Elhais

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Age: 30

Favourite book: The Power of Habit

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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.”

What is Folia?

Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.

Kenney specialises in vegan cuisine and is the founder of Plant Food + Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."

Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.

In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love". 

There are also plans to take Folia to several more locations throughout the Middle East and Europe.

While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."

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