• This GOES-16 GeoColor satellite image shows Hurricane Sally moving slowly towards the coast from the Gulf of Mexico. Forecasters now expect landfall late Tuesday or early Wednesday near the Alabama-Mississippi state line. AP
    This GOES-16 GeoColor satellite image shows Hurricane Sally moving slowly towards the coast from the Gulf of Mexico. Forecasters now expect landfall late Tuesday or early Wednesday near the Alabama-Mississippi state line. AP
  • Nora Wood, 5, braves a light rain from Hurricane Sally to check on an ant mound, Mississippi. AP
    Nora Wood, 5, braves a light rain from Hurricane Sally to check on an ant mound, Mississippi. AP
  • People play in a flooded parking lot at Navarre Beach, in Pensacola Beach, Florida. AP Photo
    People play in a flooded parking lot at Navarre Beach, in Pensacola Beach, Florida. AP Photo
  • A man walks though a flooded parking lot as the outer bands of Hurricane Sally come ashore in Gulf Shores, Alabama. AFP
    A man walks though a flooded parking lot as the outer bands of Hurricane Sally come ashore in Gulf Shores, Alabama. AFP
  • Waters from the Gulf of Mexico, driven by Hurricane Sally, flood this Pass Christian, Mississippi, street and threaten the homes that line it. AP
    Waters from the Gulf of Mexico, driven by Hurricane Sally, flood this Pass Christian, Mississippi, street and threaten the homes that line it. AP
  • An empty vehicle sits in floodwaters in a driveway in Pascagoula, Mississippi. AP
    An empty vehicle sits in floodwaters in a driveway in Pascagoula, Mississippi. AP
  • Storm surge from Hurricane Sally overtakes the outside parking lot and the first floor of the Palace casino parking garage in Biloxi, Mississippi. AP
    Storm surge from Hurricane Sally overtakes the outside parking lot and the first floor of the Palace casino parking garage in Biloxi, Mississippi. AP
  • Jordan Spence and Dawson Stallworth watch waves come ashore as Hurricane Sally approaches in Orange Beach, Alabama. REUTERS
    Jordan Spence and Dawson Stallworth watch waves come ashore as Hurricane Sally approaches in Orange Beach, Alabama. REUTERS
  • Water floods a road as the outer bands of Hurricane Sally come ashore in Gulf Shores, Alabama. AFP
    Water floods a road as the outer bands of Hurricane Sally come ashore in Gulf Shores, Alabama. AFP
  • People run across a road through the rain and wind as the outer bands of Hurricane Sally come ashore in Gulf Shores, Alabama. AFP
    People run across a road through the rain and wind as the outer bands of Hurricane Sally come ashore in Gulf Shores, Alabama. AFP
  • Freelance journalist, Trey Greenwood, Micah Hart and Alec Scholten are battered by the winds and rain from the outer bands of Hurricane Sally in Gulf Shores, Alabama. AFP
    Freelance journalist, Trey Greenwood, Micah Hart and Alec Scholten are battered by the winds and rain from the outer bands of Hurricane Sally in Gulf Shores, Alabama. AFP
  • Casey Guidry tosses one of several crab traps that had been pushed around from the rising water near his home along Salt Bayou near Slidell, Louisiana. AP
    Casey Guidry tosses one of several crab traps that had been pushed around from the rising water near his home along Salt Bayou near Slidell, Louisiana. AP
  • A boat is anchored to a small shrub near this mailbox in a front yard just south of Slidell, Louisiana, but high water still affected the area. AP
    A boat is anchored to a small shrub near this mailbox in a front yard just south of Slidell, Louisiana, but high water still affected the area. AP
  • Heading out to lunch, Lucas Lindholm, 27, had to go for an Olympic-style leap from the front steps of his friend's house in Salt Bayou near Slidell. Hurricane Sally missed Louisiana, but its effect, such as high water, could be felt along the region. Kyle Wheeler, 26, right, decided just to walk through the water as they leave. AP
    Heading out to lunch, Lucas Lindholm, 27, had to go for an Olympic-style leap from the front steps of his friend's house in Salt Bayou near Slidell. Hurricane Sally missed Louisiana, but its effect, such as high water, could be felt along the region. Kyle Wheeler, 26, right, decided just to walk through the water as they leave. AP
  • Carl Narman walks his dog in the rain as Hurricane Sally approaches in Mobile, Alabama, USA. EPA
    Carl Narman walks his dog in the rain as Hurricane Sally approaches in Mobile, Alabama, USA. EPA
  • A shopper looks for bread in a partly empty shelf as people prepare before the possible arrival of Hurricane Sally in Bayou La Batre, Alabama. AFP
    A shopper looks for bread in a partly empty shelf as people prepare before the possible arrival of Hurricane Sally in Bayou La Batre, Alabama. AFP

Hurricane Sally strengthens and threatens record rains in Alabama and Florida


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A strengthened Hurricane Sally pounded the Florida Panhandle and south Alabama with sideways rain, beach-covering storm surges, strong winds and power cuts.

Early on Wednesday, Sally was churning towards land at a slow pace that promised a drawn out drenching and possible record floods.

About 150,000 homes and businesses had lost electricity, according to the poweroutage.us website. A curfew was imposed in the coastal Alabama city of Gulf Shores because of life-threatening conditions.

In the Panhandle's Escambia County, chief sheriff's deputy Chip Simmons promised to keep deputies out with residents as long as physically possible. The county includes Pensacola, one of the largest cities on the Gulf Coast.

“The sheriff’s office will be there until we can no longer safely be out there, and then and only then will we pull our deputies in,” Mr Simmons said at a briefing late on Tuesday. The storm appeared to be headed for New Orleans at the weekend.

“Obviously this shows what we’ve known for a long time with storms – they are unpredictable,” Pensacola Mayor Grover Robinson IV said.

Sally rapidly strengthened as it approached land, quickly rising into a Category 2 storm, carrying winds at 168 kilometres per hour. It was about 100km south-southeast of Mobile, Alabama, and moving north-northeast at 4kph.

Landfall was expected on the northern Gulf Coast early on Wednesday. A National Hurricane Centre forecast map showed a possible landfall between Alabama's Mobile Bay and the Panhandle.

Sally is a rare storm that could make history, said Ed Rappaport, deputy director of the National Hurricane Centre.

“Sally has a characteristic that isn’t often seen and that’s a slow forward speed and that’s going to exacerbate the flooding,” Mr Rappaport said.

He likened the storm's slow progression to that of Hurricane Harvey, which struck Houston in 2017. Up to 76 centimetres of rain could fall in some areas, and “that would be record-setting in some locations”, Mr Rappaport said.

Although the hurricane had the Alabama and Florida coasts in its sights on Wednesday, its effects were felt all along the coast. Low-lying properties in south-east Louisiana were swamped by the surge. Water covered Mississippi beaches and parts of the motorway that runs parallel to them. Two large casino boats broke loose from a dock where they were carrying out construction work in Alabama.

Mississippi Governor Tate Reeves urged people in the southern part of his state to prepare for a potential flash flooding.

As Sally’s outer bands reached the Gulf Coast, the manager of an alligator ranch in Moss Point, Mississippi, was hoping he would not have to see a repeat of what happened at the gator farm in 2005. That’s when about 250 alligators escaped their enclosures during Hurricane Katrina’s storm surge.

Gulf Coast Gator Ranch & Tours Manager Tim Parker said Sally has been a stressful storm because forecasters were predicting a storm surge of as much as 2.5m in the area. But he has felt some relief after seeing the surge predictions had gone down.

After dumping rain on the coast, Sally was forecast to bring heavy downpours to parts of Mississippi, Alabama, Georgia and the Carolinas later in the week.

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

if you go

The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes. 

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

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Which honey takes your fancy?

Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

Sidr Honey

The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest

Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments

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.”

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

ENGLAND SQUAD

Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood

India squad

Virat Kohli (captain), Rohit Sharma, Mayank Agarwal, K.L. Rahul, Shreyas Iyer, Manish Pandey, Rishabh Pant, Shivam Dube, Kedar Jadhav, Ravindra Jadeja, Yuzvendra Chahal, Kuldeep Yadav, Deepak Chahar, Mohammed Shami, Shardul Thakur.

'The Lost Daughter'

Director: Maggie Gyllenhaal

Starring: Olivia Colman, Jessie Buckley, Dakota Johnson

Rating: 4/5

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

The specs

Engine: 5.0-litre supercharged V8

Transmission: Eight-speed auto

Power: 575bhp

Torque: 700Nm

Price: Dh554,000

On sale: now

ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

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 
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now