When the war in Syria broke out, Dr Ryad Al Sous had to abandon his research into bees and flee the country with his family.
The academic, now 68, initially feared he was walking away from his life’s work. But as he stepped off the plane at England’s Manchester Airport and the rain struck his face, he realised he could use his almost 50 years of knowledge to safeguard British bees.
The inclement British weather led him to researching how the country’s native bees survive and how he could help protect them.
Two years later the Buzz Project was born in the northern Yorkshire village of Marsden, near Huddersfield.
“I have always studied bees and honey in my research,” Dr Ryad Al Sous told The National.
“Sadly the war broke out and we decided at that time to leave the country and come to Britain.
“I came here not knowing what I would do but when I arrived at the airport it was raining and I was shocked at how green everything was. I loved the weather and I wondered if the bees here could do a good job in the conditions.
“The bees in Syria would not be able to if they had the British weather. I then discovered the bees here can resist the rain, wind and cold.
“For two years I searched for a beekeeper here from whom I could gather information, I then found a beekeeper society in Huddersfield and I was born again in this country.”
Because of climate change, bee populations across the globe are declining. So Dr Al Sous decided to set up his own hives in Yorkshire.
Once they were established, he had the brainwave of helping other refugees by sharing his knowledge and giving them a skill.
“I was living in a community where there were lots of despondent refugees as well as unemployed people in the area,” he said.
“It occurred to me to try and get them together and teach them the principles of beekeeping so that they could get involved in a project, no matter how simple, so they could depend on themselves instead of government handouts.
“It was a success and now we have Buzz Projects in six other areas, including London, to help other refugees.
“A lot of the participants have gone on to become established beekeepers and now own a large number of hives and produce their own bee products.”
Dr Al Sous’s work is not only giving refugees a lifeline but also helping to protect native bees.
A recent study by University College London warned that bees face “mass extinction”.
It revealed that bee numbers have declined by a third since the 1970s and identified climate change as one of the causes.
Researchers found that in the course of a single human generation, the likelihood of a bumblebee population surviving in a given place has declined by an average of over 30 per cent.
“We were surprised by how much climate change has already caused bumblebee declines,” said Dr Tim Newbold, of University College London.
“Now, this is the first time that we have been able to really tie local extinctions and colonisations of bumblebees to climate change, showing a really clear fingerprint of climate change in the declines that we've seen.
“Our findings suggest that much larger declines are likely if climate change accelerates in the coming years, showing that we need substantial efforts to reduce climate change if we are to preserve bumblebee diversity.”
Using data on 66 bumblebee species across North America and Europe over a 115-year period, from1900 to 2015, the researchers were able to see how bumblebee populations have changed.
“We found that populations were disappearing in areas where the temperatures had gotten hotter,” said the study’s lead author, Peter Soroye.
“Bumblebees are the best pollinators we have in wild landscapes and the most effective pollinators for crops like tomato, squash and berries.
“Our results show that we face a future with many less bumblebees and much less diversity, both in the outdoors and on our plates.”
The researchers discovered that bumblebees are disappearing at rates “consistent with a mass extinction”.
“If declines continue at this pace, many of these species could vanish for ever within a few decades,” Mr Soroye said.
Back in Marsden, as Dr Al Sous’s bees land on him in seeming contentment, it is hard to believe the researchers' dire predictions will come to pass. But he has noticed the unusually high temperatures recorded in the UK this year did affect his bees.
“We have 90 per cent of native bees and this summer we have found they produced three times the amount of honey before the weather reached 28C,” he said.
“Some of the bees started to swarm because they were very hot. Our bees need a lot of care. We have to look after them.”
Despite the challenges, the man once known to his students as ‘the professor of bees’ at Damascus University is continuing to share his wisdom in the place he now calls home.
“Being a beekeeper is tough,” he said.
“It can be hard to bear unless you have a real love for it.
“I still learn from the bees, I live by the bees and I’m happy living with such an exemplary society, like these bees truly are. I love my work.”
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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.”
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
ACC 2019: The winners in full
Best Actress Maha Alemi, Sofia
Best Actor Mohamed Dhrif, Weldi
Best Screenplay Meryem Benm’Barek, Sofia
Best Documentary Of Fathers and Sons by Talal Derki
Best Film Yomeddine by Abu Bakr Shawky
Best Director Nadine Labaki, Capernaum
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Company profile
Name: Back to Games and Boardgame Space
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Price, base / as tested From Dh173,775 (base model)
Engine 2.0-litre 4cyl turbo, AWD
Power 249hp at 5,500rpm
Torque 365Nm at 1,300-4,500rpm
Gearbox Nine-speed auto
Fuel economy, combined 7.9L/100km
Fixtures
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Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
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Killing of Qassem Suleimani
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