The World Wildlife Fund said on April 11, 2016 that after a century of decline, global wild tiger populations are rising for the first time since 1900. Rungroj Yongrit/EPA
The World Wildlife Fund said on April 11, 2016 that after a century of decline, global wild tiger populations are rising for the first time since 1900. Rungroj Yongrit/EPA
The World Wildlife Fund said on April 11, 2016 that after a century of decline, global wild tiger populations are rising for the first time since 1900. Rungroj Yongrit/EPA
The World Wildlife Fund said on April 11, 2016 that after a century of decline, global wild tiger populations are rising for the first time since 1900. Rungroj Yongrit/EPA

World tiger count rises for first time in 100 years


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New Delhi // The number of wild tigers across the globe has increased for the first time in a century thanks to improved conservation efforts, wildlife groups said on Monday.

Data compiled by the WWF and the Global Tiger Forum show that the global population of wild tigers has risen to an estimated 3,890 from an all-time low of 3,200 in 2010.

“For the first time after decades of constant decline, tiger numbers are on the rise,” Marco Lambertini, director general of WWF International, said on Monday.

This is the first time the count of these endangered cats has gone up since 1900, when there were 100,000 tigers.

India is home to more than half of the world’s tiger population with some 2,226 tigers roaming its reserves across 18 states, according to the last count in 2014.

Russia, Bhutan and Nepal also saw higher tiger numbers in their latest surveys.

However, experts cautioned that the numbers may be partly down to improved data gathering, with the inclusion of new sample areas and upgraded survey techniques as well as enhanced protection efforts.

Bangladesh registered a severe decline from 440 tigers in 2010 to 106 in 2015, though conservationists say this may have been due to an over-estimation of the population six years ago.

There has been a rapid fall in Indonesia because of heavy forest destruction to meet a growing global demand for palm oil, pulp and paper.

Cambodia is mulling the idea of reintroducing tigers after declaring them functionally extinct last week following no evidence of the big cats since 2007.

Deforestation, encroachment of habitat and poaching have devastated tiger numbers across Asia.

Poachers often sell tiger body parts to the lucrative traditional Chinese medicine market, as well as other man-made problems such as habitat loss.

In 2010 the 13 countries with tiger populations – Bangladesh, Bhutan, China, Cambodia, India, Indonesia, Laos, Malaysia, Myanmar, Nepal, Russia, Thailand and Vietnam – launched a plan to double their numbers by 2022.

Monday’s global census was released a day before a three-day meeting of ministers from these countries in New Delhi to discuss conservation efforts.

* Agence France-Presse

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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.”

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Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

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