People enter the Hillcrest Community Centre where they can cool off during the extreme hot weather in Vancouver, British Columbia, Canada, on June 30, 2021. AFP
People enter the Hillcrest Community Centre where they can cool off during the extreme hot weather in Vancouver, British Columbia, Canada, on June 30, 2021. AFP
People enter the Hillcrest Community Centre where they can cool off during the extreme hot weather in Vancouver, British Columbia, Canada, on June 30, 2021. AFP
People enter the Hillcrest Community Centre where they can cool off during the extreme hot weather in Vancouver, British Columbia, Canada, on June 30, 2021. AFP

Heat wave claims hundreds of lives as temperatures hit 49°C


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The Canadian province of British Columbia nearly doubled its average number of deaths as temperatures hit a high of 49.5°C, breaking the country's record for a third consecutive day.

At least 486 sudden deaths were reported over five days, nearly three times the usual number that would occur in the province over that period, the British Columbia Coroners Service said Wednesday.

The Vancouver Police Department said it responded to more than 65 sudden deaths since Friday, with by far most being related to the heat.

Lytton, British Columbia – about 250 kilometres north-east of Vancouver – reached 49.5°C, reported the country's weather service, Environment Canada.

“Vancouver has never experienced heat like this and sadly dozens of people are dying because of it,” police sergeant Steve Addison said.

Other municipalities said they also responded to many sudden death calls but have yet to release details.

The heatwave has scorched crops across the Prairies, where farmers grow much of the world's wheat and canola, driven up natural gas prices in the fourth-largest global producer, and closed schools.

Some Vancouver residents said they had never experienced such temperatures before.

“It's never this bad. I've never seen anything like this,” said one resident, who gave her name as Rosa.

“I hope it never becomes like this ever again. This is too much.”

Others said some residents were more vulnerable to the heat than others.

“I feel for those people, whether they're the elderly demographic or people who live on the Downtown Eastside of Vancouver who don't have a cool spot to live or sleep,” said another resident, Graham Griedger.

For several days, Vancouver has recorded temperatures almost 20 degrees above seasonal norms.

“We are in the midst of the hottest week British Columbians have ever experienced, and there are consequences to that, disastrous consequences for families and for communities,” said British Columbia Premier John Horgan.

He called on residents to check up on "those people we know might be at risk, making sure we have cold compresses in the fridge or we're staying in the coolest part of our homes, and making sure that we're taking steps to get through this heatwave”.

Environment Canada has issued alerts for British Columbia, Alberta, and parts of Saskatchewan, Manitoba, Yukon and the North-west Territories, saying the “prolonged, dangerous and historic heatwave will persist through this week”.

The heatwave has forced schools and Covid-19 vaccination centres in the Vancouver area to close. Officials have set up temporary water fountains and misting stations on street corners.

Shops quickly sold out of portable air conditioners and fans, so several people without cooling at home told AFP they hunkered down in their air-conditioned cars or underground parking garages at night.

The scorching heat stretching from the US state of Oregon to Canada's Arctic territories has been blamed on a high-pressure ridge, which is trapping warm air in the region.

Temperatures in the US Pacific North-west cities of Portland and Seattle reached levels not seen since record-keeping began in the 1940s: 46.1°C in Portland and 42°C in Seattle on Monday, the National Weather Service said.

The state of Oregon reported 63 deaths linked to the heatwave. Multnomah County, which includes Portland, reported 45 of those deaths since Friday, with the county medical examiner saying hyperthermia was the preliminary cause.

"This was a true health crisis that has underscored how deadly an extreme heat wave can be," Multnomah County Health Officer Dr Jennifer Vines said.

"As our summers continue to get warmer, I suspect we will face this kind of event again."

Cities across the western US and Canada opened emergency cooling centres and outreach workers handed out hats and bottles of water.

The extreme heat, combined with intense drought, also created the perfect conditions for fires to break out at the weekend. One blaze on the California-Oregon border burnt about 600 hectares by Monday morning.

“Dubai would be cooler than what we're seeing now,” David Phillips, a senior climatologist for Environment Canada, told AFP on Monday.

Climate change is causing record-setting temperatures to become more frequent. Globally, the decade to 2019 was the hottest on record. The past five years have been the world's hottest.

Company Profile

Company name: Fine Diner

Started: March, 2020

Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka

Based: Dubai

Industry: Technology and food delivery

Initial investment: Dh75,000

Investor: Dtec Startupbootcamp

Future plan: Looking to raise $400,000

Total sales: Over 1,000 deliveries in three months

RESULTS

Bantamweight: Victor Nunes (BRA) beat Azizbek Satibaldiev (KYG). Round 1 KO

Featherweight: Izzeddin Farhan (JOR) beat Ozodbek Azimov (UZB). Round 1 rear naked choke

Middleweight: Zaakir Badat (RSA) beat Ercin Sirin (TUR). Round 1 triangle choke

Featherweight: Ali Alqaisi (JOR) beat Furkatbek Yokubov (UZB). Round 1 TKO

Featherweight: Abu Muslim Alikhanov (RUS) beat Atabek Abdimitalipov (KYG). Unanimous decision

Catchweight 74kg: Mirafzal Akhtamov (UZB) beat Marcos Costa (BRA). Split decision

Welterweight: Andre Fialho (POR) beat Sang Hoon-yu (KOR). Round 1 TKO

Lightweight: John Mitchell (IRE) beat Arbi Emiev (RUS). Round 2 RSC (deep cuts)

Middleweight: Gianni Melillo (ITA) beat Mohammed Karaki (LEB)

Welterweight: Handesson Ferreira (BRA) beat Amiran Gogoladze (GEO). Unanimous decision

Flyweight (Female): Carolina Jimenez (VEN) beat Lucrezia Ria (ITA), Round 1 rear naked choke

Welterweight: Daniel Skibinski (POL) beat Acoidan Duque (ESP). Round 3 TKO

Lightweight: Martun Mezhlumyan (ARM) beat Attila Korkmaz (TUR). Unanimous decision

Bantamweight: Ray Borg (USA) beat Jesse Arnett (CAN). Unanimous decision

THE BIO

Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13 

Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier

Favourite place to travel to: Any walkable city. I also love nature and wildlife 

What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents. 

Favorite place to go in the UAE: A quiet beach.

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.”

SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

COMPANY%20PROFILE
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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Medicus AI

Started: 2016

Founder(s): Dr Baher Al Hakim, Dr Nadine Nehme and Makram Saleh

Based: Vienna, Austria; started in Dubai

Sector: Health Tech

Staff: 119

Funding: €7.7 million (Dh31m)

 

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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Updated: April 14, 2025, 9:57 AM