Funchu Tamang, 101, sits on a bed in a hospital in Nuwakot district on May 3, 2015, after being rescued from his collapsed home a day earlier. AFP
Funchu Tamang, 101, sits on a bed in a hospital in Nuwakot district on May 3, 2015, after being rescued from his collapsed home a day earlier. AFP
Funchu Tamang, 101, sits on a bed in a hospital in Nuwakot district on May 3, 2015, after being rescued from his collapsed home a day earlier. AFP
Funchu Tamang, 101, sits on a bed in a hospital in Nuwakot district on May 3, 2015, after being rescued from his collapsed home a day earlier. AFP

Nepal rescuers find 101-year-old alive under rubble


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Kathmandu // Rescuers have pulled a 101-year-old man alive from the debris of his home a week after Nepal’s earthquake that claimed at least 7,200 lives, as the government warned the death toll would climb “much higher”.

Funchu Tamang was rescued on Saturday with only minor injuries to his ankle and hand.

“He was brought to the district hospital in a helicopter. His condition is stable,” said police officer Arun Kumar Singh from Nuwakot district, about 80 kilometres north-west of Kathmandu.

Police also pulled three women alive from under rubble on Sunday in Sindhupalchowk, one of the districts worst affected by the April 25 earthquake, although it was not clear how long they had been trapped.

The rescues were rare good news for the devastated country after officials on Saturday had ruled out finding more survivors buried in the ruins and the focus shifted to delivering aid to thousands in remote areas.

Nepal’s finance minister Ram Sharan Mahat said the death toll was likely to jump once relief teams reached mountain villages flattened in the worst quake to hit the nation in more than 80 years.

“There are still villages where we know that all houses have been destroyed, but have not yet been able to reach,” Mr Mahat said.

“The aftershocks have not receded and we expect the final casualty numbers to climb much higher,” the minister said, as he appealed for hundreds of millions of dollars in foreign donations to help rebuild the country.

The 7.8-magnitude quake wreaked reduced much of the capital Kathmandu to rubble and triggering a deadly avalanche on Mount Everest.

Although teams of rescuers from more than 20 countries have been using sniffer dogs and heat-seeking equipment to find survivors, no one has been pulled out alive in Kathmandu since Thursday evening.

In the worst-hit districts of Gorkha and Sindhupalchowk, almost 90 per cent of the mostly stone and mud homes have been destroyed, the United Nations said.

“Our priority now is really to try to reach those people, get immediate assistance to them,” the UN’s head of humanitarian affairs Valerie Amos said.

But Ms Amos has said she was worried that the tonnes of foreign aid pouring into Nepal was being held up by red tape.

“I was extremely concerned to hear reports that customs was taking such a long time,” she said, adding that she had asked prime minister Sushil Koirala to speed up clearance for aid materials.

Planes loaded with relief supplies were pouring into landlocked Nepal, but there have been numerous reports of many getting stuck at Kathmandu’s small airport, and customs officials stopping trucks filled with aid from crossing into the country from India.

The airport has been closed to heavy planes due to concern about the condition of the single runway after the quake and a series of strong aftershocks, said Birendra Prasad Shrestha, manager of Tribhuvan International Airport.

“We have issued a notice saying that aircraft with a total weight exceeding 196 tonnes will not be allowed to land at Kathmandu airport,” Mr Shrestha said.

“There are no visible cracks in the runway but there have been so many tremors recently that we have to take precautions – we don’t know what’s happening below the surface.

“This runway is the only lifeline for Kathmandu -- if it goes, everything goes.”

The death toll from the disaster has hit 7,250, according to the emergency operations centre, with more than 14,000 injured. More than 100 were also killed in India and China.

Fifty-one bodies, including those of six foreigners, have been found in the popular Langtang trekking region hit by a quake-triggered avalanche.

“We estimate that about 100 foreigners might still be missing in the area,” said senior local official Uddav Prasad Bhattarai.

“Our priority was to get the survivors out. We rescued over 350 people, about a half of them were tourists or guides,” he said.

* Agence France-Presse

UAE currency: the story behind the money in your pockets

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.”

Defence review at a glance

• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”

• Prioritise a shift towards working with AI and autonomous systems

• Invest in the resilience of military space systems.

• Number of active reserves should be increased by 20%

• More F-35 fighter jets required in the next decade

• New “hybrid Navy” with AUKUS submarines and autonomous vessels

Indoor Cricket World Cup

Venue Insportz, Dubai, September 16-23

UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty

What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
SPEC SHEET

Display: 10.9" Liquid Retina IPS, 2360 x 1640, 264ppi, wide colour, True Tone, Apple Pencil support

Chip: Apple M1, 8-core CPU, 8-core GPU, 16-core Neural Engine

Memory: 64/256GB storage; 8GB RAM

Main camera: 12MP wide, f/1.8, Smart HDR

Video: 4K @ 25/25/30/60fps, full HD @ 25/30/60fps, slo-mo @ 120/240fps

Front camera: 12MP ultra-wide, f/2.4, Smart HDR, Centre Stage; full HD @ 25/30/60fps

Audio: Stereo speakers

Biometrics: Touch ID

I/O: USB-C, smart connector (for folio/keyboard)

Battery: Up to 10 hours on Wi-Fi; up to 9 hours on cellular

Finish: Space grey, starlight, pink, purple, blue

Price: Wi-Fi – Dh2,499 (64GB) / Dh3,099 (256GB); cellular – Dh3,099 (64GB) / Dh3,699 (256GB)

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Changing visa rules

For decades the UAE has granted two and three year visas to foreign workers, tied to their current employer. Now that's changing.

Last year, the UAE cabinet also approved providing 10-year visas to foreigners with investments in the UAE of at least Dh10 million, if non-real estate assets account for at least 60 per cent of the total. Investors can bring their spouses and children into the country.

It also approved five-year residency to owners of UAE real estate worth at least 5 million dirhams.

The government also said that leading academics, medical doctors, scientists, engineers and star students would be eligible for similar long-term visas, without the need for financial investments in the country.

The first batch - 20 finalists for the Mohammed bin Rashid Medal for Scientific Distinction.- were awarded in January and more are expected to follow.

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%3Cp%3EAuthor%3A%20S%20Frederick%20Starr%3Cbr%3EPublisher%3A%20Oxford%20University%20Press%3Cbr%3EPages%3A%20290%3Cbr%3EAvailable%3A%20January%2024%3C%2Fp%3E%0A

Prophets of Rage

(Fantasy Records)

Brief scoreline:

Liverpool 5

Keita 1', Mane 23', 66', Salah 45' 1, 83'

Huddersfield 0

Results

3pm: Handicap (PA) Dh40,000 (Dirt) 1,000m; Winner: Dhafra, Antonio Fresu (jockey), Eric Lemartinel (trainer)

3.30pm: Maiden (PA) Dh40,000 (D) 2,000m; Winner: Al Ajayib, Antonio Fresu, Eric Lemartinel

4pm: Handicap (PA) Dh40,000 (D) 1,700m; Winner: Ashtr, Abdul Aziz Al Balushi, Majed Al Jahouri

4.30pm: Handicap (TB) Dh40,000 (D) 1,700m; Winner: Falcon Claws, Szczepan Mazur, Doug Watson

5pm: Sheikh Dr Sultan bin Khalifa Al Nahyan Cup – Prestige Handicap (PA) Dh100,000 (D) 1,700m; Winner: Al Mufham SB, Al Moatasem Al Balushi, Badar Al Hajri

5.30pm: Sharjah Marathon – Handicap (PA) Dh70,000 (D) 2,700m; Winner: Asraa Min Al Talqa, Al Moatasem Al Balushi, Helal Al Alawi

Company Profile

Company name: Yeepeey

Started: Soft launch in November, 2020

Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani

Based: Dubai

Industry: E-grocery

Initial investment: $150,000

Future plan: Raise $1.5m and enter Saudi Arabia next year

RESULT

Valencia 3

Kevin Gameiro 21', 51'

Ferran Torres 67'

Atlanta 4

Josip Llicic 3' (P), 43' (P), 71', 82'

INDIA%20SQUAD
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How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.