Readers question whether banning minibuses addresses the real road-safety issue. Photo: Fatima Al Marzooqi / The National
Readers question whether banning minibuses addresses the real road-safety issue. Photo: Fatima Al Marzooqi / The National

Minibus drivers, not their vehicles, are the real problem



With regard to your story, Transport providers divided on UAE-wide minibus ban (October 17), it isn't the buses that cause these accidents, it's the drivers.

They should be better trained and behave more like professional drivers, realising they’re responsible for the safety of their passengers.

Patrick Schelfhout, Dubai

Minibuses should not be banned because in remote areas of the UAE, it is really very tough to wait for a long time for full-size public transport buses.

This is especially so in places in the Western Region like Bidaa Zayed, Liwa, Ruwais and Sila.

Imran Iqbal, Abu Dhabi

It is not the vehicle that is at fault, but the drivers and the company they work for.

First, many of these minibuses are overcrowded and overloaded so the weight is not evenly distributed over the chassis, causing it to lean over to one side. This could also be because the vehicles are not well maintained and the tyres are not inflated properly.

However, as many of your readers have already stated, the drivers’ recklessness is the main reason these vehicles should be removed from the road. If that is not an option then they should have a dedicated lane on all roads. This is the same lane that buses and taxi drivers should use too.

Name withheld by request

Debating parking fees in The Greens

In reference to your story, The Greens parking meters activated despite residents' online petition (October 19), this is a great move.

When I was living in The Greens, it was impossible to find parking outside since it was free and many people weren’t paying a penny for keeping their cars there.

Now it’s almost empty every day and added to that it’s free from 9pm to 6am, which is great for the residents.

Ahmed Ali, Dubai

I think these parking charges are just an easy way to get more money.

If there was real concern about non-residents using the parking spaces then they could have easily provided all residents with a parking pass – free of charge – that can be hung on rear view mirrors.

The parking meters would still be needed because there would be no way to differentiate between people visiting friends or relatives and those who are just using the free parking.

Candace Leblanc, Ras Al Khaimah

Maids can offer a domestic lifeline

I'm writing in response to Khalid Al Ameri's essay, We are too reliant on maids ... and that has to change (October 14), to say many families have domestic help because often both parents need to work and they like someone to be there for their children when they get home from school.

Domestic help should be just that – to help with the household chores so that parents have time to spend with their children. I cannot agree with the idea of children being raised by maids full time.

Aziza Al Busaidy, Dubai

Domestic staff provide a helping hand that we need because of factors like the absence of grandpa and grandma and the rest of the extended family that would usually give that assistance in our countries of origin.

It’s not about not wanting to raise our own children nor is it about not wanting to clean our own house or car etc – which we do, by the way.

Riad Abdallah, Dubai

I go to the parks at night and on weekends. It’s a very rare sight to see a parent with their child.

All the kids are with the maids, or there will be a parent sitting nearby while the maid is laughing, pushing the child on the swing and catching the child on the slide.

It’s sad. It’s one thing to have someone watch your kids while you work, it’s another thing to miss out on parenting, which is the one pure joy in life.

Some parents are missing all those great moments while they pay someone else to experience the joy. It goes way too quick so take the time to enjoy them before the children grow up and are gone.

Shana Ahmad, Abu Dhabi

What other sports deserve support?

Your editorial about the UAE junior jiu-jitsu team competing in Los Angeles (California Dreaming, October 19) asks what sports ought to be promoted in the UAE.

In my view, it should be indoor sports in general: martial arts, fencing, swimming, basketball, handball and volleyball.

There should definitely be less support for football, which can survive without government help.

Name withheld by request

If you promote sport in general, I think the people who participate will demonstrate which ones warrant support.

Yulia Hulia, Dubai

I think swimming, surfing and sailing ought to be promoted.

Mihaela Soar, New Zealand

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
%3Cp%3E%E2%80%A2%20Looming%20global%20slowdown%20and%20recession%20in%20key%20economies%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Russia-Ukraine%20war%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Interest%20rate%20hikes%20and%20the%20rising%20cost%20of%20debt%20servicing%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Oil%20price%20volatility%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Persisting%20inflationary%20pressures%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Exchange%20rate%20fluctuations%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shortage%20of%20labour%2Fskills%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20A%20resurgence%20of%20Covid%3F%3C%2Fp%3E%0A

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.”

First-round leaderbaord

-5 C Conners (Can)

-3 B Koepka (US), K Bradley (US), V Hovland (Nor), A Wise (US), S Horsfield (Eng), C Davis (Aus);

-2 C Morikawa (US), M Laird (Sco), C Tringale (US)

Selected others: -1 P Casey (Eng), R Fowler (US), T Hatton (Eng)

Level B DeChambeau (US), J Rose (Eng) 

1 L Westwood (Eng), J Spieth (US)

3 R McIlroy (NI)

4 D Johnson (US)

Day 4, Abu Dhabi Test: At a glance

Moment of the day Not much was expected – on Sunday or ever – of Hasan Ali as a batsman. And yet he lit up the late overs of the Pakistan innings with a happy cameo of 29 from 25 balls. The highlight was when he launched a six right on top of the netting above the Pakistan players’ viewing area. He was out next ball.

Stat of the day – 1,358 There were 1,358 days between Haris Sohail’s previous first-class match and his Test debut for Pakistan. The lack of practice in the multi-day format did not show, though, as the left-hander made an assured half-century to guide his side through a potentially damaging collapse.

The verdict As is the fashion of Test matches in this country, the draw feels like a dead-cert, before a clatter of wickets on the fourth afternoon puts either side on red alert. With Yasir Shah finding prodigious turn now, Pakistan will be confident of bowling Sri Lanka out. Whether they have enough time to do so and chase the runs required remains to be seen.

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UAE Rugby finals day

Games being played at The Sevens, Dubai

2pm, UAE Conference final

Dubai Tigers v Al Ain Amblers

4pm, UAE Premiership final

Abu Dhabi Harlequins v Jebel Ali Dragons

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.