• Smoke billows from the North Tower of the World Trade Centre in New York City after terrorists crashed a plane into the building on September 11, 2001. AP Photo
    Smoke billows from the North Tower of the World Trade Centre in New York City after terrorists crashed a plane into the building on September 11, 2001. AP Photo
  • The plane was thought to have hit the North Tower between floors 93 and 99 sparking a fierce fire on those storeys from which people desperately tried to escape. Reuters
    The plane was thought to have hit the North Tower between floors 93 and 99 sparking a fierce fire on those storeys from which people desperately tried to escape. Reuters
  • American Airlines flight 175 closes in on the south face of the South Tower of the World Trade Centre as the North Tower burns. Shutterstock
    American Airlines flight 175 closes in on the south face of the South Tower of the World Trade Centre as the North Tower burns. Shutterstock
  • The moment of impact. AFP
    The moment of impact. AFP
  • With both towers ablaze, pandemonium ensues in Manhattan in the building and on the ground. AFP
    With both towers ablaze, pandemonium ensues in Manhattan in the building and on the ground. AFP
  • The cloudless, blue sky gave little portent of the dark, history-changing day that was to come but would remain etched on the memory of those involved and beyond. AFP
    The cloudless, blue sky gave little portent of the dark, history-changing day that was to come but would remain etched on the memory of those involved and beyond. AFP
  • People run for their lives as the North Tower of World Trade Centre collapses. The South Tower had come down 29 minutes earlier. Getty Images
    People run for their lives as the North Tower of World Trade Centre collapses. The South Tower had come down 29 minutes earlier. Getty Images
  • Emergency personnel tend to injured people in Liberty Park, New Jersey, as the enormity of the day's events slowly begin to hit home. Reuters
    Emergency personnel tend to injured people in Liberty Park, New Jersey, as the enormity of the day's events slowly begin to hit home. Reuters
  • The World Trade Centre disappears in a thick cloud of smoke as the second tower implodes. AP Photo
    The World Trade Centre disappears in a thick cloud of smoke as the second tower implodes. AP Photo
  • Firefighter Gerard McGibbon, of Engine 283 in Brownsville, Brooklyn, prays after the buildings collapse. Getty Images
    Firefighter Gerard McGibbon, of Engine 283 in Brownsville, Brooklyn, prays after the buildings collapse. Getty Images
  • Smoke pours from the site and drifts across the New York sky. Reuters
    Smoke pours from the site and drifts across the New York sky. Reuters

Remembering 9/11: New York-based writer recounts the horror of September 11


  • English
  • Arabic

That sound … What is it? Clearly a plane. But it is too loud to be one of the hundreds of routine flights over the city making their way to or from New York’s three major airports on any given day.

I am sitting on my desk in my apartment on the 31st floor with perfect views of the North Tower of the World Trade Centre five blocks away. The sun on this picture-perfect, late summer day sparkles in the windows.

My alarm about this strange aircraft sound turns into horror as it becomes rapidly louder. Then, engines scream, a loud boom follows. Suddenly, I see an explosion on the north face of the building. The noise echoes through the Financial District in Lower Manhattan.

The flames are bright and blinding. Black smoke is now pouring from the 440-metre tall tower.

The column of smoke is peppered with thousands of papers that sail through the air like confetti in a parade. I am standing paralysed in front of the window, staring at the burning North Tower.

“What was that?” My wife, Estee, just got up. She is a few weeks pregnant with our first child.

I can hardly speak, pointing at the black smoke coming out of the burning offices. In moments of shock and disbelief, one holds on to the possibility of it being an accident. This hope quickly erodes 20 minutes later when the second plane hits.

We can hear the roaring plane sound again, this time farther to the south. I know exactly what’s going to happen. The next loud boom causes a shudder to ripple through the area. Instinctively, I duck under my desk. The second attack, this time on the South Tower, was broadcast live on TV. The entire world has now come to a standstill and is watching with horror the now obvious terror attack on New York City.

With the two towers burning, I get ready to go outside to report. My wife is extremely worried and so am I, but as a news correspondent, I have no choice. The streets are filled with people, all of them staring up at the Twin Towers.

I quickly reach the plaza between the towers, now filled with debris from the two plane crashes above. A woman sits on the street, blood gushing from a gaping wound on her head. I start interviewing people who have escaped the North Tower. They are walking in a steady column, wet from the heat in the staircases, many with blank stares.

People run after the planes hit the World Trade Center on September 11, 2001. - On the morning of Tuesday September 11, 2001. AFP
People run after the planes hit the World Trade Center on September 11, 2001. - On the morning of Tuesday September 11, 2001. AFP

“Oh, my God!” a woman screams: “They're jumping!”

First, I do not understand: who is jumping? I turn around, my heart pounding, my body shaking, as I see the first office workers jumping from more than 90 floors up. I can see the shape of a body falling along the northern facade of the building.

Shocked, I shout: “Why is no one helping them?”

Someone nearby shakes his head: “There is nothing that can be done.”

I stop to collect my thoughts while standing at the corner of Broadway and Fulton Street.

In an instant, people begin screaming, running and scrambling, some falling to the ground in their attempt to escape. In what feels like extreme slow motion, I realise that one of the towers must have collapsed. Seconds later, the ash and debris cloud races towards us, appearing like a pyroclastic cloud after a volcanic eruption.

I start running for a few metres, but, realising I am not likely to escape, I decide to crawl under a parked minivan. I lock eyes with another person lying under the next car. The ash cloud covers the scene. Suddenly, it is pitch dark. And dead silent. Like a film being turned off.

A woman is covered in dust following the collapse of the World Trade Center. AFP
A woman is covered in dust following the collapse of the World Trade Center. AFP

I am breathing the pulverised World Trade Centre.

I imagine how my lungs are filling with toxic soot with every new breath. Angrily, I tell myself: “I am about to become a father, but now I am lying under a vehicle and will possibly suffocate.” The fear of death is rushing through my body, paralysing me.

Finally, I give myself a push and crawl from underneath the van and start walking, very slowly. It is still nearly impossible to see. I bump into a light pole, hitting my head. I can see a light at the entrance to a Chinese restaurant. The door is locked, and I bang against it, screaming, “Help me!” Someone opens it and I stumble inside. “Jesus Christ!” someone shouts.

I am completely covered in white dust.

My first clear thoughts are of my wife. I know I have to return home as quickly as possible as she must be fearing the worst, having witnessed the collapse of the building. I run down the ash-filled streets, dialling her number - but the network is overloaded.

Everyone stares at me as I enter the lobby of our building. I squeeze into a lift, explaining that my wife does not know that I am OK. Suddenly, my cell phone rings. It is Estee.

“I'm OK, I'm OK …” I stutter. Nearly everyone in the lift is now in tears.

After the collapse of the North Tower, we leave our apartment and start walking alongside thousands of others across the Brooklyn Bridge. From the other side, I can see New York’s devastated skyline: the Twin Towers are gone. Instead, there is only black smoke rising from a devastating wound in the city.

A man falls to his knees and cries out: “They're gone!”

Austrian journalist Herbert Bauernebel at Ground Zero in Manhattan in 2001, a month after the September 11 attacks. Photo: Herbert Bauernebel
Austrian journalist Herbert Bauernebel at Ground Zero in Manhattan in 2001, a month after the September 11 attacks. Photo: Herbert Bauernebel

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.”

Fixtures

Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am

Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am

Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am

Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight

Charlotte Gainsbourg

Rest

(Because Music)

Updated: September 08, 2021, 2:53 PM