LONDON // A fast-moving overnight fire engulfed a 24-storey block of flats in London on Wednesday, killing 12 people and injuring 74.
And London’s fire chief warning that more victims could be found.
It was Muslims, still awake for Ramadan, who raised the alarm and undoubtedly saved lives.
They were among the first people on the scene as tenants were removed from Grenfell Tower, a social housing block in the west London district of North Kensington.
The fire broke out not long after midnight when many residents were asleep.
“Muslims played a big part in getting a lot of people out,” said Andre Barroso, 33. “Most of the people I could see were Muslims. They have also been providing food and clothes.”
Desperate residents threw babies and small children from high-storey windows to people down on the pavement to save them from the flames.
Nearby St Clement church was turned into a refuge where locals took food, water and clothing.
The inferno lit up the night sky as more than 200 firefighters battled the blaze.
The breaking dawn revealed the blackened wreckage of the building, which was still burning more than 12 hours later.
People trapped by the flames and thick smoke banged on windows and screamed for help.
The cause of the fire remains unknown but angry residents said they had warned authorities about fire issues at the tower.
One resident said the fire alarm had not gone off.
The housing block, built in 1974, was recently upgraded at a cost of £8.6 million (Dh40.4m) including a new communal heating system and a smoke extraction and ventilation system.
The work was completed in May last year, according to the Royal Borough of Kensington and Chelsea. New front doors for each flat were also supposed to withstand a fire for up to 30 minutes.
“The flames, I have never seen anything like it. It just reminded me of 9/11,” said Muna Ali, 45. “The fire started on the upper floors. Oh my goodness, it spread so quickly. It had completely spread within half an hour.”
Fire commissioner Dany Cotton called the blaze “an unprecedented incident”.
“In my 29 years of being a fireman I have never, ever seen anything of this scale,” Mr Cotton said.
The tower block housed up to 600 people living in 120 apartments. By mid-afternoon, firefighters were carrying out systematic searches throughout the charred wreckage.
One witness, Samira Lamrani, said she saw a woman drop a baby from a window on the ninth or 10th floor.
“People were starting to appear at the windows, frantically banging and screaming,” Ms Lamrani said. “A gentleman ran forward and managed to catch the baby.”
Joe Walsh, 58, said he saw someone throw two children out of a window from the fifth or sixth floor. Tiago Etienne, 17, saw three children between the ages of 4 and 5 being dropped from a flat on about the 15th floor.
Police commander Stuart Cundy gave the death toll of six but added the figure was likely to rise “during what will be a complex recovery operation over a number of days”.
Paul Woodrow, head of operations for the London Ambulance Service, said 20 of the 74 injured were in critical condition.
The London fire brigade received the first reports of the fire at 12.54am and the first engines arrived within six minutes.
Witnesses described a white, polystyrene-type material falling like snow from the building as it burned. Some feared the charred tower block might collapse, but a structural engineer said the building was not in danger, the fire brigade said.
Ruks Mamudu, 69, escaped from her first-floor apartment wearing only her purple pyjamas and bathrobe. She sat with her grandson outside the building, helplessly watching those trapped on higher floors.
“I sat there watching my house burn down and watching people who couldn’t come down cry for help,” Ms Mamudu said.
People at the scene spoke of not being able to reach friends or family inside the building, or seeing people using flashlights and mobile phones to try to signal for help from the building’s higher floors.
Nassima Boutrig, who lives opposite the building, said she was awakened by sirens and smoke so thick that it filled her home.
“We saw the people screaming for help,” Ms Boutrig said. “The fire brigade could only help downstairs. The fire was fire up, up, up. They couldn’t stop it.”
Thirty-four people were still in hospital last night.
The disaster occurred 10 days after a terror attack at London’s Borough Market. Some residents initially feared the fire was also terror-related, although authorities discounted that possibility.
Edward Daffarn, 55, who lived on the building’s 16th floor, said the fire alarm did not go off. Complaints had been made for years to Kensington and Chelsea Council about the building’s safety, to no avail.
“I’m lucky to be alive,” Mr Daffarn said. “A neighbour’s smoke alarm went off and another neighbour phoned and told me to get out. I consider this mass murder.”
The Grenfell Action Group, a community organisation formed to oppose a nearby redevelopment project, has been warning about the risk of fire at the tower since 2013.
The group has raised concerns about testing and maintenance of firefighting equipment and blocked emergency access to the site.
“All our warnings fell on deaf ears and we predicted that a catastrophe like this was inevitable,” the group said after the fire broke out.
A July 2014 newsletter for residents said the tower block was designed “according to rigorous fire safety standards” and recommended that in case of a fire residents should stay inside their apartments.
The British company that carried out the tower’s refurbishment last year, Rydon, said that its work “met all required building control, fire regulation and health and safety standards”.
London mayor Sadiq Khan said many questions needed to be answered about safety for the scores of tower blocks around the British capital.
“There will be a great many questions over the coming days as to the cause of this tragedy, and I want to reassure Londoners that we will get all the answers,” Mr Khan said.
Prime minister Theresa May’s office said she was “deeply saddened by the tragic loss of life in the Grenfell Tower and is being kept constantly updated on the situation”.
* Associated Press
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.”
Last-16
France 4
Griezmann (13' pen), Pavard (57'), Mbappe (64', 68')
Argentina 3
Di Maria (41'), Mercado (48'), Aguero (90 3')
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes
%E2%80%98White%20Elephant%E2%80%99
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What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
COMPANY%20PROFILE
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
Section 375
Cast: Akshaye Khanna, Richa Chadha, Meera Chopra & Rahul Bhat
Director: Ajay Bahl
Producers: Kumar Mangat Pathak, Abhishek Pathak & SCIPL
Rating: 3.5/5
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
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BLACK%20ADAM
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Masters%20of%20the%20Air
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The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
THE BIO
BIO:
Born in RAK on December 9, 1983
Lives in Abu Dhabi with her family
She graduated from Emirates University in 2007 with a BA in architectural engineering
Her motto in life is her grandmother’s saying “That who created you will not have you get lost”
Her ambition is to spread UAE’s culture of love and acceptance through serving coffee, the country’s traditional coffee in particular.
