The Emirates has had a hot and humid summer with little respite since June. AFP
The Emirates has had a hot and humid summer with little respite since June. AFP
The Emirates has had a hot and humid summer with little respite since June. AFP
The Emirates has had a hot and humid summer with little respite since June. AFP

UAE records hottest day this year, topping 50.8°C


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The UAE has recorded the hottest day this year, with the mercury climbing to 50.8°C and muggy conditions are set to continue this week.

The temperature soared to 50.8°C in Owtaid town on Saturday afternoon, according to the National Centre of Meteorology.

High temperatures of 49.8°C were recorded in southern Mezaira city, and at least three other cities in the south and central regions topped at 49.3°C.

Humidity levels reached a maximum of 90 per cent in parts of the UAE.

The weather bureau said that the sticky weather will continue until Wednesday, with fog formations likely over the coastal and internal areas.

The previous high in the UAE this year was in July, when temperatures climbed to more than 50.1°C in line with scorching conditions across the globe last month.

The warmest day ever on the planet since records began was recorded in July when temperatures hit an average of 17.01°C globally, surpassing the previous record of 16.92°C in 2016.

In the UAE, humidity levels reached 100 per cent last month, with authorities issuing warnings for people to stay hydrated, particularly those continuing to exercise outdoors.

Humidity levels have sharpened in coastal cities such as Dubai and Abu Dhabi this summer, with the sultry weather persisting throughout July.

A larger body of humid air over the sea that moves across to the land is among the reasons for the clammy weather coming in earlier.

The sticky conditions are expected to continue through September when the air gets thick with moisture, especially in the early morning and late evening.

Scientists said the planet heating up was the reason for the heatwaves in Europe and soaring humidity levels in the Middle East.

Sultry weather across the region - in pictures

  • Moroccan Fantasia (tbourida) horsemen ride their horses in the Atlantic to cool off during the annual Moussem festival. AFP
    Moroccan Fantasia (tbourida) horsemen ride their horses in the Atlantic to cool off during the annual Moussem festival. AFP
  • Kuwaiti youths as they set to sail aboard traditional dhows for a pearl diving expedition near Kuwait City. AFP
    Kuwaiti youths as they set to sail aboard traditional dhows for a pearl diving expedition near Kuwait City. AFP
  • Iraqi youths swim in the Shatt al-Arab waterway at the end of a hot summer day in Basra. AFP
    Iraqi youths swim in the Shatt al-Arab waterway at the end of a hot summer day in Basra. AFP
  • Syrians take advantage of the heat to dry sheep hides, during the tanning process in Azmarin town in the rebel-held northwestern Idlib province. AFP
    Syrians take advantage of the heat to dry sheep hides, during the tanning process in Azmarin town in the rebel-held northwestern Idlib province. AFP
  • Locals dry hot red peppers to make paste and flakes in the heat. AFP
    Locals dry hot red peppers to make paste and flakes in the heat. AFP
  • Boys swim in the Nile amid a heatwave at El Qanater El Khairiyah. Reuters
    Boys swim in the Nile amid a heatwave at El Qanater El Khairiyah. Reuters
  • A man relaxes next to a water fountain outside Qatar's Souq Waqif bazar in Doha. AFP
    A man relaxes next to a water fountain outside Qatar's Souq Waqif bazar in Doha. AFP
  • A grey parrot drinks water amidst soaring temperatures at a zoo in Baghdad. AFP
    A grey parrot drinks water amidst soaring temperatures at a zoo in Baghdad. AFP
  • People gather in a restaurant at sunset in Gaza City. AFP
    People gather in a restaurant at sunset in Gaza City. AFP
  • A boy shelters in his tent at the Sahlat al-Banat makeshift camp on the outskirts of the northern Syrian city of Raqa. AFP
    A boy shelters in his tent at the Sahlat al-Banat makeshift camp on the outskirts of the northern Syrian city of Raqa. AFP
  • An Iraqi youth dives into a swimming pool to cool off, as temperature rises in Mosul. Reuters
    An Iraqi youth dives into a swimming pool to cool off, as temperature rises in Mosul. Reuters
  • A man cools himself with water, amid a heatwave in Al Fayoum Governorate, southwest of Cairo. Reuters
    A man cools himself with water, amid a heatwave in Al Fayoum Governorate, southwest of Cairo. Reuters
  • Women sit on the beach during a hot summer day in Rabat, Morocco. EPA
    Women sit on the beach during a hot summer day in Rabat, Morocco. EPA
  • People play at the Wadi El-Rayan waterfalls, amid a heatwave in Al Fayoum Governorate, southwest of Cairo. Reuters
    People play at the Wadi El-Rayan waterfalls, amid a heatwave in Al Fayoum Governorate, southwest of Cairo. Reuters
  • A deserted beach by Reem Central Park on a hot day in Abu Dhabi. Khushnum Bhandari / The National
    A deserted beach by Reem Central Park on a hot day in Abu Dhabi. Khushnum Bhandari / The National
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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.”

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

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Updated: August 27, 2023, 6:21 PM