Dr Sylvia Earle, pictured, says sharks need protection if they are to help restore ocean ecosystems. Getty Images
Dr Sylvia Earle, pictured, says sharks need protection if they are to help restore ocean ecosystems. Getty Images
Dr Sylvia Earle, pictured, says sharks need protection if they are to help restore ocean ecosystems. Getty Images
Dr Sylvia Earle, pictured, says sharks need protection if they are to help restore ocean ecosystems. Getty Images

Forget the 'Jaws' effect: sharks are heroes in climate change battle to save the oceans


Nicky Harley
  • English
  • Arabic

When the UN declared an “ocean emergency” this week, few would have expected experts to suggest that the fate of the world rested with one of its greatest predators ― sharks.

But far from being the monster in the movies, the king of the sea can play a saviour role and could now hold one key to combatting climate change.

With rising sea levels, greenhouse gases and ocean temperatures reaching record levels last year, the race to restore the health of underwater rain forests is more urgent than ever.

Oceanographers are championing the vital role sharks play in maintaining a healthy ocean ecosystem, from spreading nutrients and protecting and enhancing blue carbon, to absorbing carbon.

“Sharks are apex predators and shape every ecosystem in which they live,” Matt Gianni, of the Deep Sea Conservation Coalition, told the UN Ocean Conference in Lisbon.

“We are destroying the oceans, not just the sharks. These are marine realms of biodiversity, rain forests in the sea.”

How sharks help the oceans’ ecosystems

With seagrass meadows and kelp forests capturing carbon from the atmosphere 35 times faster than tropical rain forests, the role of these apex predators is crucial to prevent other species from overgrazing on them, thereby allowing them to flourish.

In Australia, coral reefs ― which are home to 25 per cent of all marine species and protect coastal areas ― suffered after a reduction in shark populations led to other food species eating more algae-eating fish, which led to an increase in algae, suffocating the reefs.

Not only do sharks keep the food chain balanced, some migrate thousands of kilometres, thus helping to cycle nutrients between ecosystems.

Extinction threat as more than 100 million killed annually

Sharks may hold the key to reviving our oceans, but scientists estimate that more than 100 million are being killed by the fishing industry every year and 37 per cent of species now face extinction.

In the past 50 years oceanic shark populations have declined by 71 per cent and with populations taking up to 40 years to recover, scientists say urgent action is needed to save them.

Oceanographer Dr Sylvia Earle, president of Mission Blue, has spent a lifetime studying sharks and is one of their biggest advocates.

“The primary cause of shark decline is us. There is absolutely zero justification for them to be taken for food or any other reason,” she said.

“We need them for their carbon value, for the ecosystem, giving back nutrients, the cycle of life, we need them economically.

“The International Monetary Fund says whales collectively are worth an estimated $1 trillion for their contributions to carbon capture and ecotourism. If it works for whales, it has to work for sharks. They bring nutrients back and make the plankton grow and that captures carbon and creates food.

An Ocean Rebellion activist holds a banner reading 'Save our sharks' during a protest in Lisbon, Portugal. AFP
An Ocean Rebellion activist holds a banner reading 'Save our sharks' during a protest in Lisbon, Portugal. AFP

“The little Island of Palau declared that every shark in their waters is worth at least a million dollars for tourism. People will pay big bucks to go and swim with them. We do not need them dead, we need them alive for the economy, for the ecology and the ethic of caring.

“I have seen a lifetime of unprecedented loss. This is one of the most critical crises, the swift extermination of so much life, of whole ecosystems.”

Dr Guillermo Ortuno Crespo, of the Stockholm Resilience Centre, said urgent solutions need to be found to help the sharks.

“When mechanisms were put in place they completely forgot about sharks,” he said.

“Sharks are in real trouble and whatever we are doing so far is not working. We do not have time to wait, this is a real crisis.”

Alex Cornelissen, captain of the Sea Shepherd ship 'Bob Barker', stands in front on the ship moored in Hobart. AFP
Alex Cornelissen, captain of the Sea Shepherd ship 'Bob Barker', stands in front on the ship moored in Hobart. AFP

Captain Alex Cornelissen, chief executive of Sea Shepherd Global, which helps to police illegal shark fishing, believes the marine predators need a new image.

“Sharks really have an image problem. Everyone loves dolphins and whales,” he said.

“Look at Jaws, and there are still other movies out there showing sharks as monsters that want to eat you. But if you go diving with sharks it’s an amazing experience.

“If you went on safari in Africa you wouldn’t slap a lion on the back of the head, it’s the same with sharks. If you’re respectful you will be fine.

“The image of sharks is changing, but unfortunately the illegal fishing and greed is still out there and people are benefiting from the destruction of sharks and there is simply not enough control out there.

“We really need to work on better legislation. Maybe we need more Sea Shepherd vessels to stop the killing of sharks. We need to change the image of sharks and be their advocate.”

Sharks slaughtered for cosmetics

Capt Cornelissen’s team protect marine wildlife and work with local regions to provide vessels and crews to law-enforcement agencies in eight African countries.

They have shut down 79 vessels illegally fishing sharks in the past six years.

His team caught a vessel that was licensed to land tuna, but when they boarded they discovered it had a hidden shark liver oil factory.

“They were extracting the oil from sharks, whose liver makes up a third of their body, so there is a lot of oil,” he said.

“We calculated they were killing half a million sharks every year. That’s just one vessel. It makes you wonder if the figure of 100 million sharks being killed annually is correct, I guess it will be higher.

“We saved 1.35 million sharks by taking down just one vessel. Not only are the sharks swimming freely now but they are making the entire ecosystem healthier by being there. This is probably our biggest victory and highlights how important this action can be. It’s critical we have this enforcement and enforce the regulations that are put in place.”

Visitors watch sharks and other fish swimming in the main tank at the Oceanarium in Lisbon, Portugal. AP
Visitors watch sharks and other fish swimming in the main tank at the Oceanarium in Lisbon, Portugal. AP

In Turkey, conservation charity Fauna and Flora International works with local fishermen to help protect a 750 kilometre Marine Protection Area (MPA) and has hailed it as a success story for targeting illegal fishing.

“It is a real example of a country leading the way in the complete protection that is needed," said Sophie Benbow of Fauna and Flora International.

"Former Turkish fishermen are patrolling their seas.

“They have a close relationship with the coastguard, if they see illegal activity, it can be reported and they can respond. In Turkey, camera footage is now admissible in court, they have body cameras so they can tackle illegal fishing.”

Emirates and Etihad take a stand on shark-fin cargo

Many sharks are taken for their fins, oil and meat and have appeared on everything from restaurant menus to ingredient lists on lipsticks and anti-aging creams.

Campaign group Fly Without Fins is urging airlines to place a ban on transporting shark fins and major airlines, including Emirates and Etihad, have pledged not to carry the cargo.

“Our goal is to convince as many airlines as possible to ban the transportation of shark fins, that way they are showing stewardship for the oceans and sharks,” said Tina Reiterer of Sharkproject International.

Fly Without Fins event at 'Sharks, Rewilding and Hope for the Ocean' in Lisbon. Photo: Shark Project
Fly Without Fins event at 'Sharks, Rewilding and Hope for the Ocean' in Lisbon. Photo: Shark Project

“People will begin to understand the importance of sharks if huge companies do not want to transport them.”

Marine biologist Dr Kristina Boerder, of Dalhaousie University, Canada, says the EU has a “big market” for shark products and fears suppliers will find alternative routes.

Fishing industry needs to stop being secretive

Dr Boerder wants the fishing industry to stop being secretive and to more effectively monitor vessels.

“On land we can track Ubers and planes, but in the ocean we are selectively blind. We need transparency on this issue to make reasonable and sustainable decisions, we have a maritime culture of secrecy supported by gaps and loopholes in legislation,” she said.

“This really enables an unchecked exploitation of species such as sharks that are highly sensitive to fishing mortality. This lack of data and inaccessibility to it sabotages every well-meaning attempt to improve.

“I would like to see a radical transformation in how we approach this whole system, especially with how we want to contribute to the conservation of sharks.

“Vessel checking will help us better understand where fishing vessels are going, which species are being affected. It’s a great first step and needs to be combined with additional data, like countries' data on catches so we can see where the problems are.

“Secondly we need to co-operate and be transparent about things so we can better protect species with marine conservation areas. This sharing needs to happen between governments and regulatory authorities especially for species that are highly migratory, like sharks.

“The industry needs to be taken to the table and told we need to stop treating it as a secret. Other industries are more open. It needs to stop that everything is a secret when saltwater is involved. These things will set us on the right path. We know where the gaps are; we have not been incredibly good at closing them, but we can do it.”

UN calls for nations to help map 80 per cent of the seabed by 2030

UN Secretary General António Guterres said the world is facing an “ocean emergency” at the opening of the UN ocean conference and launched a call for action to map 80 per cent of the seabed by 2030.

“Sadly, we have taken the ocean for granted and today we face what I would call an ocean emergency. We must turn the tide,” he said.

“Our failure to care for the ocean will have ripple effects across the entire 2030 agenda.

“I invite all to join the goal of mapping 80 per cent of the seabed by 2030. I encourage the private sector to join partnerships that support ocean research and sustainable management and I urge governments to raise their level of ambition for the recovery of ocean health.”

Rewilding can bring back ‘pollution busting carbon guzzling’ oysters

A major initiative to help the world’s marine environments to recover is rewilding ― letting nature take care of itself to restore damaged ecosystems, from helping the shark population to protecting oysters.

One of the biggest projects of its kind began in the UK last month when trawling and dredging were banned on Dogger Bank ― part of the sunken landmass 100km off England's east coast that once formed a bridge between Britain and mainland Europe.

Campaigners hope the protection of the 12,000 sq km of seabed will lead to a return to the glory days of the 1880s ― when oysters, halibut and sturgeon were in plentiful supply in the area ― and a regrowth of vital carbon-consuming sea plants.

They have reason to be optimistic, a similar project at Lyme Bay on the English south coast led to the return of four times the number of commercially valuable fish, and a fourfold increase in the overall number of species.

Charles Clover, co-founder of conservation charity the Blue Marine Foundation, says it shows healthy seas can be returned.

“Rewilding the sea is stepping back and letting nature repair the damage, or stepping in to reintroduce species. Rewilding improves food security,” he said.

“Dogger Bank has now been protected from fishing. Rewilding is actually under way as of two weeks ago. We can tackle the biodiversity emergency together without damaging the economy. There are things we can do and if we did them then oceans can be helped.

“We have to ensure all our MPAs are protected like Dogger Bank.

“In Lyme Bay, known as England’s coral gardens, we banned trawling and scallop dredging. Now, the numbers speak for themselves, there are four times more species than before.

“We are now helping oysters in the Solent. Oysters in an ecosystem attract 466 other species. They attract endangered eels and seahorses. They are pollution-busting, carbon-guzzling ecosystem engineers. All we have to do is bring them back.

“If we combine good fisheries management and carbon saving we can bring back healthy seas and make them more productive for people, for nature and for the planet. We cannot always hold back climate change, but we can enable the ocean to do its part.”

Last year in the English county of Sussex, the seabed was protected to restore ancient kelp forests, which help to take carbon from the atmosphere.

Prof Heather Koldeway, of the Zoological Society of London, said healthy islands are also a key to helping the oceans.

She highlighted the role of seabirds in creating healthy islands and says research shows that islands with lots of rats are not popular with birds.

“The birds transfer nutrients to islands and reefs,” she said.

“If we have healthy seabird islands, the fish biomass is more than 40 per cent higher than those [islands] with rats.

“The reefs are more resilient to bleaching and coral regrowth after bleaching. It is four times higher than if an island is not healthy. We cannot get back just one ocean, we have to think land-island interface. Healthy islands equal healthy reefs.”

Carl Gustaf Lundin, chief executive of ocean conservation group Mission Blue, said the world has failed, but that now is the time for change.

“There’s no excuse, we have the evidence,” he said.

“We messed it up out there. What we see these systems go through is really awful. But the good news is we can turn it around. We know what we can do, we are doing it and it is making a difference.”

RESULTS - ELITE MEN

1. Henri Schoeman (RSA) 57:03
2. Mario Mola (ESP) 57:09
3. Vincent Luis (FRA) 57:25
4. Leo Bergere (FRA)57:34
5. Jacob Birtwhistle (AUS) 57:40    
6. Joao Silva (POR) 57:45   
7. Jonathan Brownlee (GBR) 57:56
8. Adrien Briffod (SUI) 57:57           
9. Gustav Iden (NOR) 57:58            
10. Richard Murray (RSA) 57:59       

Meydan Racecourse racecard:

6.30pm: The Madjani Stakes Listed (PA) | Dh175,000 1,900m

7.05pm: Maiden for 2-year-old fillies (TB) Dh165,000 1,400m

7.40pm: The Dubai Creek Mile Listed (TB) Dh265,000 1,600m

8.15pm: Maiden for 2-year-old colts (TB) Dh165,000 1,600m

8.50pm: The Entisar Listed (TB) Dh265,000 2,000m

9.25pm: Handicap (TB) Dh190,000 1,200m

10pm: Handicap (TB) Dh190,000 1,600m.

Mubadala World Tennis Championship 2018 schedule

Thursday December 27

Men's quarter-finals

Kevin Anderson v Hyeon Chung 4pm

Dominic Thiem v Karen Khachanov 6pm

Women's exhibition

Serena Williams v Venus Williams 8pm

Friday December 28

5th place play-off 3pm

Men's semi-finals

Rafael Nadal v Anderson/Chung 5pm

Novak Djokovic v Thiem/Khachanov 7pm

Saturday December 29

3rd place play-off 5pm

Men's final 7pm

Results:

2.15pm: Handicap (PA) Dh60,000 1,200m.

Winner: AZ Dhabyan, Adam McLean (jockey), Saleha Al Ghurair (trainer).

2.45pm: Maiden (PA) Dh60,000 1,200m.

Winner: Ashton Tourettes, Sam Hitchcott, Ibrahim Aseel.

3.15pm: Conditions (PA) Dh60,000 2,000m.

Winner: Hareer Al Reef, Gerald Avranche, Abdallah Al Hammadi.

3.45pm: Maiden (PA) Dh60,000 1,700m.

Winner: Kenz Al Reef, Gerald Avranche, Abdallah Al Hammadi.

4.15pm: Sheikh Ahmed bin Rashid Al Maktoum Cup (TB) Dh 200,000 1,700m.

Winner: Mystique Moon, Sam Hitchcott, Doug Watson.

4.45pm: The Crown Prince Of Sharjah Cup Prestige (PA) Dh200,000 1,200m.

Winner: ES Ajeeb, Sam Hitchcott, Ibrahim Aseel.

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

Profile of Bitex UAE

Date of launch: November 2018

Founder: Monark Modi

Based: Business Bay, Dubai

Sector: Financial services

Size: Eight employees

Investors: Self-funded to date with $1m of personal savings

2018 ICC World Twenty20 Asian Western Regional Qualifier

The top three teams progress to the Asia Qualifier

Final: UAE beat Qatar by nine wickets

Third-place play-off: Kuwait beat Saudi Arabia by five runs

Table

1 UAE 5 5 0 10

2 Qatar 5 4 1 8

3 Saudi 5 3 2 6

4 Kuwait 5 2 3 4

5 Bahrain 5 1 4 2

6 Maldives 5 0 5 0

Temple numbers

Expected completion: 2022

Height: 24 meters

Ground floor banquet hall: 370 square metres to accommodate about 750 people

Ground floor multipurpose hall: 92 square metres for up to 200 people

First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time

First floor terrace areas: 2,30 square metres  

Temple will be spread over 6,900 square metres

Structure includes two basements, ground and first floor 

UNpaid bills:

Countries with largest unpaid bill for UN budget in 2019

USA – $1.055 billion

Brazil – $143 million

Argentina – $52 million

Mexico – $36 million

Iran – $27 million

Israel – $18 million

Venezuela – $17 million

Korea – $10 million

Countries with largest unpaid bill for UN peacekeeping operations in 2019

USA – $2.38 billion

Brazil – $287 million

Spain – $110 million

France – $103 million

Ukraine – $100 million

 

RESULT

Huddersfield Town 1 Manchester City 2
Huddersfield: Otamendi (45' 1 og), van La Parra (red card 90' 6)
Man City: Agüero (47' pen), Sterling (84')

Man of the match: Christopher Schindler (Huddersfield Town)

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

No Shame

Lily Allen

(Parlophone)

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.0-litre%20twin-turbo%20V8%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E680hp%20at%206%2C000rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E800Nm%20at%202%2C750-6%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ERear-mounted%20eight-speed%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E13.6L%2F100km%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Orderbook%20open%3B%20deliveries%20start%20end%20of%20year%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh970%2C000%3C%2Fp%3E%0A
Abu Dhabi card

5pm: Handicap (TB) Dh100,000 2,400m

5.30pm: Wathba Stallions Cup Handicap (PA) Dh 70,000 2,200m

6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000 1,400m

6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000 1,400m

7pm: Handicap (PA) Dh85,000 1,600m

7.30pm: Maiden (PA) Dh80,000 1,600m

The National selections:

5pm: Valcartier

5.30pm: AF Taraha

6pm: Dhafra

6.30pm: Maqam

7pm: AF Mekhbat

7.30pm: Ezz Al Rawasi  

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Results:

5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)

5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly

6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel

6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani

7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel

7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel

 

 

Indika
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%2011%20Bit%20Studios%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Odd%20Meter%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%205%2C%20PC%20and%20Xbox%20series%20X%2FS%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The biog

Title: General Practitioner with a speciality in cardiology

Previous jobs: Worked in well-known hospitals Jaslok and Breach Candy in Mumbai, India

Education: Medical degree from the Government Medical College in Nagpur

How it all began: opened his first clinic in Ajman in 1993

Family: a 90-year-old mother, wife and two daughters

Remembers a time when medicines from India were purchased per kilo

PETER%20PAN%20%26%20WENDY
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EDavid%20Lowery%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Alexander%20Molony%2C%20Ever%20Anderson%2C%20Joshua%20Pickering%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Pathaan
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Siddharth%20Anand%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Deepika%20Padukone%2C%20John%20Abraham%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
While you're here
Captain Marvel

Director: Anna Boden, Ryan Fleck

Starring: Brie Larson, Samuel L Jackson, Jude Law,  Ben Mendelsohn

4/5 stars

Squad

Ali Kasheif, Salim Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdulrahman, Mohammed Al Attas, Abdullah Ramadan, Zayed Al Ameri (Al Jazira), Mohammed Al Shamsi, Hamdan Al Kamali, Mohammed Barghash, Khalil Al Hammadi (Al Wahda), Khalid Essa, Mohammed Shaker, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Al Hassan Saleh, Majid Suroor (Sharjah) Walid Abbas, Ahmed Khalil (Shabab Al Ahli), Tariq Ahmed, Jasim Yaqoub (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Muharami (Baniyas) 

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.”

Asia Cup Qualifier

Final
UAE v Hong Kong

TV:
Live on OSN Cricket HD. Coverage starts at 5.30am

Recent winners

2002 Giselle Khoury (Colombia)

2004 Nathalie Nasralla (France)

2005 Catherine Abboud (Oceania)

2007 Grace Bijjani  (Mexico)

2008 Carina El-Keddissi (Brazil)

2009 Sara Mansour (Brazil)

2010 Daniella Rahme (Australia)

2011 Maria Farah (Canada)

2012 Cynthia Moukarzel (Kuwait)

2013 Layla Yarak (Australia)              

2014 Lia Saad  (UAE)

2015 Cynthia Farah (Australia)

2016 Yosmely Massaad (Venezuela)

2017 Dima Safi (Ivory Coast)

2018 Rachel Younan (Australia)

MATCH INFO

Manchester United 2 (Heaton (og) 42', Lindelof 64')

Aston Villa 2 (Grealish 11', Mings 66')

The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

MATCH INFO

Manchester United 2
(Martial 30', McTominay 90 6')

Manchester City 0

Where to buy and try:

Nutritional yeast

DesertCart

Organic Foods & Café

Bulletproof coffee

Wild & The Moon

Amasake

Comptoir 102

DesertCart

Organic Foods & Café

Charcoal drinks and dishes

Various juice bars, including Comptoir 102

Bridgewater Tavern

3 Fils

Jackfruit

Supermarkets across the UAE

In Search of Mary Shelley: The Girl Who Wrote Frankenstein
By Fiona Sampson
Profile

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

Story of 2017-18 so far and schedule to come

Roll of Honour

Who has won what so far in the West Asia rugby season?

 

Western Clubs Champions League

Winners: Abu Dhabi Harlequins

Runners up: Bahrain

 

Dubai Rugby Sevens

Winners: Dubai Exiles

Runners up: Jebel Ali Dragons

 

West Asia Premiership

Winners: Jebel Ali Dragons

Runners up: Abu Dhabi Harlequins

 

UAE Premiership Cup

Winners: Abu Dhabi Harlequins

Runners up: Dubai Exiles

 

Fixtures

Friday

West Asia Cup final

5pm, Bahrain (6pm UAE time), Bahrain v Dubai Exiles

 

West Asia Trophy final

3pm, The Sevens, Dubai Hurricanes v Dubai Sports City Eagles

 

Friday, April 13

UAE Premiership final

5pm, Al Ain, Dubai Exiles v Abu Dhabi Harlequins

'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap​​​​​​​
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal​​​​​​​
Rating: 3.5/5

Company%20profile
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Arabian Gulf League fixtures:

Friday:

  • Emirates v Hatta, 5.15pm
  • Al Wahda v Al Dhafra, 5.25pm
  • Al Ain v Shabab Al Ahli Dubai, 8.15pm

Saturday:

  • Dibba v Ajman, 5.15pm
  • Sharjah v Al Wasl, 5.20pm
  • Al Jazira v Al Nasr, 8.15pm
Match info

Uefa Champions League Group H

Manchester United v Young Boys, Tuesday, midnight (UAE)

What is cyberbullying?

Cyberbullying or online bullying could take many forms such as sending unkind or rude messages to someone, socially isolating people from groups, sharing embarrassing pictures of them, or spreading rumors about them.

Cyberbullying can take place on various platforms such as messages, on social media, on group chats, or games.

Parents should watch out for behavioural changes in their children.

When children are being bullied they they may be feel embarrassed and isolated, so parents should watch out for signs of signs of depression and anxiety

Women’s World T20, Asia Qualifier, in Bangkok

UAE fixtures Mon Nov 20, v China; Tue Nov 21, v Thailand; Thu Nov 23, v Nepal; Fri Nov 24, v Hong Kong; Sun Nov 26, v Malaysia; Mon Nov 27, Final

(The winners will progress to the Global Qualifier)

Race card

5pm: Maiden (PA) Dh80,000 (Turf) 1,600m
5.30pm: Handicap (PA) Dh80,000 (T) 1,600m
6pm: Arabian Triple Crown Round-1 Listed (PA) Dh230,000 (T) 1,600m
6.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m
7pm: Maiden (PA) Dh80,000 (T) 1,200m
7.30pm: Handicap (TB) Dh100,000 (T) 2,400m

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ESingle%20front-axle%20electric%20motor%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E218hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E330Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3EMax%20touring%20range%3A%20%3C%2Fstrong%3E402km%20(claimed)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh215%2C000%20(estimate)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ESeptember%3C%2Fp%3E%0A
THE DETAILS

Solo: A Star Wars Story

Director: Ron Howard

2/5

Updated: July 01, 2022, 8:23 PM