Finja’s shaved neck shows her injuries from a spider or snake bite while she was being taken for a walk in Dubai’s The Lakes. Jeffrey E Biteng / The National
Finja’s shaved neck shows her injuries from a spider or snake bite while she was being taken for a walk in Dubai’s The Lakes. Jeffrey E Biteng / The National

Pet dog in Dubai almost dies from apparent snake bite



DUBAI // A family’s pet dog almost died from what they believe was a snake bite.

Sandrine Pohl’s four-year-old white labrador, Finja, began to vomit shortly after being taken for a walk in The Lakes.

“At first, I didn’t think it was anything unusual because that morning she had stolen some waffles from the breakfast table,” said Ms Pohl, a German expatriate.

“But then later there were big lumps, which looked like veins, sticking out all over her skin. When I touched one of them it burst open and started bleeding.

“So we took her to the vet.”

The veterinarian who examined Finja said the dog’s symptoms could have been caused by either a spider or snake bite.

The UAE does have a number of indigenous snake species, some of which are highly venomous. At least two species – the saw-scaled viper and the sand viper – can be fatal to humans, said Dr Reza Khan, a specialist in wildlife and zoo management at Dubai Municipality.

However, he said sightings of the snakes, especially in densely populated areas such as The Lakes, were rare.

“In my 30 years here I remember one incidence in Mirdif of a dog being bitten by a viper, and it later died,” Dr Khan said.

“If vipers are around they will bite anything that moves within their reach. They fear the moving object, a person or animal, is an enemy and can harm them. This is a purely natural, defensive reaction.”

Two years ago, residents in The Lakes found dead snakes in villa gardens and patio areas.

The reptiles were later identified as saw-scaled vipers. These types of vipers are 40 to 75 centimetres long and their venom can kill a human within six to eight hours.

Hashim Al Yahya, head of Dubai Municipality Pest Control, said he had not heard of snakes being reported in the area.

“We have not received reports of this kind,” he said. “I would urge residents if they have concerns they should raise them with us and we will look into the matter.”

Finja has largely recovered from the bite, said Ms Pohl, despite early worries.

“It looked really bad at the beginning,” she said. “She was a beautiful white labrador but we had to shave her and she was bleeding from all over her body.

“She’s better now but, at the time, she looked a little like a monster.”

mcroucher@thenational.ae

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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The bio

Who inspires you?

I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist

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Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.

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