The agricultural museum, the first of its kind in the region, will include 100 types of soil. Based in Dubai Academic City, it is hoped the facility will open in the next two months. Courtesy International Centre for Biosaline Agriculture
The agricultural museum, the first of its kind in the region, will include 100 types of soil. Based in Dubai Academic City, it is hoped the facility will open in the next two months. Courtesy InternatShow more

Dig this: soil museum planned for Dubai



DUBAI // A new museum opening this summer aims to dig up the dirt on the UAE's agriculture.

The soil museum, which has not yet been officially named, will be based in Dubai Academic City and bosses are hopeful it will become an attraction for farming professionals and tourists alike.

"This is one-stop soil shopping," said Dr Shabbir Shahid, a scientist at the International Centre for Biosaline Agriculture (Icba) that is developing the museum.

"Any soil information seeker, when he comes to the museum, he should be satisfied with the answer to all of his questions."

The museum will include 100 types of soil from across the country, each represented behind glass cabinets with 125 centimetre samples. Bosses believe the museum will allow planners to assess the best place to base farmland around the UAE.

There are no other soil museums in the region and only a handful around the world.

Dr Shahid said several new types of soil have been discovered in the Emirates in recent years. He hopes that the museum will become an eco-tourism attraction for Dubai.

"When tourists go across Dubai in a big bus, we are expecting that they should also visit our museum as well."

The idea for the facility came about after recommendations were made by officials at the International Conference on Soil Classification and Reclamation of Degraded Lands in Arid Environments, held in the capital in 2010.

A countrywide initiative by the Environment Agency Abu Dhabi was launched to classify the type and quality of soil in the UAE. The findings were also compiled into an online map launched at the beginning of the year.

The contractor developing the museum will hand over to Icba in two weeks, but it will probably be another two months before the museum will be open to the public.

Dr Shahid said that despite the niche interest, he expected hundreds of students from schools across the country to visit the museum every month.

"We are expecting many, many people," he said. "It will not be boring. This is an opportunity for students to come and learn more about soil, agriculture and the environment of the country."

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The biog

Favourite food: Fish and seafood

Favourite hobby: Socialising with friends

Favourite quote: You only get out what you put in!

Favourite country to visit: Italy

Favourite film: Lock Stock and Two Smoking Barrels.

Family: We all have one!

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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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.”

Venom

Director: Ruben Fleischer

Cast: Tom Hardy, Michelle Williams, Riz Ahmed

Rating: 1.5/5

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Warlight,
Michael Ondaatje, Knopf 

Roll of honour 2019-2020

Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain

West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership

UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes

UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

The 12

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

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It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

Bugatti Chiron Super Sport - the specs:

Engine: 8.0-litre quad-turbo W16 

Transmission: 7-speed DSG auto 

Power: 1,600hp

Torque: 1,600Nm

0-100kph in 2.4seconds

0-200kph in 5.8 seconds

0-300kph in 12.1 seconds

Top speed: 440kph

Price: Dh13,200,000

Bugatti Chiron Pur Sport - the specs:

Engine: 8.0-litre quad-turbo W16 

Transmission: 7-speed DSG auto 

Power: 1,500hp

Torque: 1,600Nm

0-100kph in 2.3 seconds

0-200kph in 5.5 seconds

0-300kph in 11.8 seconds

Top speed: 350kph

Price: Dh13,600,000

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TRAP

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Director: M Night Shyamalan

Rating: 3/5

Dunbar
Edward St Aubyn
Hogarth

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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
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