The date palm trees in the middle of sand dunes at our family farm in Al Ain provided stunning scenery. This is what I faintly remember as I grew up watching my father nurturing them with limited water and even more limited sweet soil. It was not until 2000, when I joined Environment Agency – Abu Dhabi as an aspiring scientist, that I began appreciating nature and, more importantly, understanding those little connections and interactions between plants and animals and their ability to survive on the most meagre resources.
World Environment Day is celebrated on June 5 every year to raise awareness about the environment, pollution and sustainable living. The very reasons for its creation remain just as relevant 46 years after its launch. This year's theme – Biodiversity, Time for Nature – could not have been more appropriate, if recent environmental events are indicators to go by.
For instance, the Covid-19 pandemic, an unprecedented health crisis, has an origin linked to biodiversity. And, despite plenty of positive stories from around the world about the impact of the pandemic on the environment, it is unlikely that these benefits can be sustained once lockdowns and restrictions are lifted.
In fact, the pandemic highlights the inadequacy of our actions to address biodiversity issues. It also reveals our inability to recognise linkages between species, habitats, ecosystems and human health. For me that remains a fundamental issue in not making enough progress despite a series of initiatives, campaigns, international conventions and treaties, many of them championed by the United Nations.
As the demand for resources to provide goods and services to more than seven billion people continues to grow, it puts an additional burden on our planet. According to an estimate by Global Footprint Network, we need 1.5 times the Earth to sustain current demands. The good news is that the population is likely to stop growing by the end of century; however by then we will have added another two to three billion people to the planet, further straining our ecosystems and their ability to provide ecosystem services.
We recognise the importance of environment and biodiversity in our lives and their role in the provision of goods and services to sustain life. Despite this, we continue to act and ignore warnings from nature. We have speeded up the extinction process and, according to a recent report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services, we risk losing an estimated one million species in the next few years, which could have a significant impact on human health and well-being.
Many of the challenges we face today can be overcome, if there is a strong political will and commitment. This is amply evident in actions to protect environment and biodiversity in Abu Dhabi, where we have continued to make good progress, despite the challenges of the arid environment.
Contrary to the notion of deserts being impoverished, Abu Dhabi is biologically rich. In fact, there is life in the remotest and harshest of our landscapes. The vast expanse of sand dunes in the Empty Quarter is home to the iconic Arabian oryx. Once on the verge of extinction, the species has been brought back from the brink, thanks to a pioneering breeding programme led by Sheikh Zayed, the Founding Father. Today we boast a growing population of more than 850 within the Arabian Oryx Protected Area.
Our scientifically robust monitoring programmes – backed by a network of 19 protected areas covering nearly 31 per cent of Abu Dhabi’s land and seas – have ensured conservation of vital habitats, ecosystems and the biodiversity they support. We continue to maintain a stable population of nearly 3,000 dugongs, the second largest population in the world; and we host the only breeding population of greater flamingos in the Arabian Gulf and the largest population of Indian Ocean humpback dolphins in the world.
Our use of drones, remote cameras and satellite tracking – incorporating them with remote sensing and geographic information system technologies – is helping us to understand our environment better and take action when needed. We continue to document the presence of elusive and rare species such as sand cats and caracals. The discovery of 13 insect species, new to science in the past few years, is further proof of our ability to protect our biodiversity locally but also to add to global scientific knowledge and understanding.
We continue to build our capabilities to address other environmental issues, from air to ground water, marine water quality, waste management and climate change. This mandate puts us in a unique position to have a 360-degree view of our environment and make necessary policy and regulatory interventions. Our air quality has been within the national air quality limits 75 per cent of the time. Our third greenhouse gas inventory, published in 2019, estimates current and future emissions up to 2030. Our ground water, soils atlases and habitat maps help us in taking actions and complement our efforts to protect biodiversity.
Environmental challenges in Abu Dhabi, such as threats from developmental projects, pollution, invasive species and climate change, are no different from the rest of the world. We are fully aware that population growth and economic development will continue to happen; however we are also aware of our role in finding a unique balance between the growth of the emirate and environmental conservation.
Building on the strong foundation from the 25 years of our existence, we will continue to strengthen our capabilities. The process to integrate artificial intelligence, unmanned aerial vehicles and robotics in our monitoring and inspection programmes are well under way.
We will augment our existing data and analysis infrastructures to accommodate big data analytics, to understand environmental patterns but also to predict environmental outcomes.
We recognise that we not only need to protect existing habitats and ecosystems, but also restore and rebuild degraded ecosystems, proactively. The initiatives to rebuild our fish stocks, rehabilitate our coral reefs, undertake functional genomics work at yet-to-be-ready gene bank and restore degraded habitats are clear indications of our intention to address environmental challenges going forward.
Our conservation efforts continue to cross national boundaries and reaffirm our belief in the power of partnerships. The 280 individuals of the previously extinct scimitar-horned oryx that roam in the wild in Chad are not only a global conservation success story but also a shining example of what can be achieved if we come together and collaborate, something that seems to be missing in these challenging times.
Action to stop current imbalances between environment, development and society is urgent. As Abu Dhabi aspires to build a modern, educated society with a good governance model, we will continue to provide critical inputs to that model, so that we can continue to protect the environment without curtailing economic growth.
I was lucky to have accompanied my father on some of those farm trips during my formative years, because the connections I made with nature continue to serve me well, especially now – as I along with my colleagues and partners continue to provide stewardship towards a better environment for our citizens and residents. Today, on the World Environment Day, let us take the pledge to make those connections with nature that will not just serve us well but benefit humanity in times to come.
Dr Shaikha Salem Al Dhaheri is secretary-general of Environment Agency – Abu Dhabi
MATCH INFO
Euro 2020 qualifier
Norway v Spain, Saturday, 10.45pm, UAE
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
The bio
Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district
Was a middle distance state athletics champion in school
Enjoys driving to Fujairah and Ras Al Khaimah with family
His dream is to continue working as a social worker and help people
Has seven diaries in which he has jotted down notes about his work and money he earned
Keeps the diaries in his car to remember his journey in the Emirates
Company%20profile
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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.”
Heavily-sugared soft drinks slip through the tax net
Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.
Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.
A 680ml can of Arizona Iced Tea costs just Dh6.
Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
DIVINE%20INTERVENTOIN
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Arsenal's pre-season fixtures
Thursday Beat Sydney 2-0 in Sydney
Saturday v Western Sydney Wanderers in Sydney
Wednesday v Bayern Munich in Shanghai
July 22 v Chelsea in Beijing
July 29 v Benfica in London
July 30 v Sevilla in London
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5