• A man helps his son clamber on to a flyover under construction, after being displaced by rising water levels in New Delhi. Reuters
    A man helps his son clamber on to a flyover under construction, after being displaced by rising water levels in New Delhi. Reuters
  • The hand of a Hindu priest shows the level of floodwaters inside a temple after the Yamuna burst its banks. AFP
    The hand of a Hindu priest shows the level of floodwaters inside a temple after the Yamuna burst its banks. AFP
  • A man carries a dog to safety after heavy monsoon rain hit India's capital. AFP
    A man carries a dog to safety after heavy monsoon rain hit India's capital. AFP
  • A motorcyclist drives through a waterlogged street during a heavy downpour in Delhi. AP
    A motorcyclist drives through a waterlogged street during a heavy downpour in Delhi. AP
  • National Disaster Response Force personnel rescue people from areas flooded by the Yamuna river in Delhi. AFP
    National Disaster Response Force personnel rescue people from areas flooded by the Yamuna river in Delhi. AFP
  • Volunteers lift a dog to safety at a bridge over the flooded Yamuna river. AFP
    Volunteers lift a dog to safety at a bridge over the flooded Yamuna river. AFP
  • New Delhi residents carry their belongings on rickshaws along a street flooded by the rising Yamuna river. Reuters
    New Delhi residents carry their belongings on rickshaws along a street flooded by the rising Yamuna river. Reuters
  • A woman with her belongings after being displaced by rising water levels in New Delhi, India. Reuters
    A woman with her belongings after being displaced by rising water levels in New Delhi, India. Reuters
  • A child queues to receive food at a temporary shelter after flooding in New Delhi. AFP
    A child queues to receive food at a temporary shelter after flooding in New Delhi. AFP
  • People queue for food at a temporary shelter in New Delhi. AFP
    People queue for food at a temporary shelter in New Delhi. AFP
  • Food being distributed to displaced residents affected by the rising waters of the Yamuna river. Reuters
    Food being distributed to displaced residents affected by the rising waters of the Yamuna river. Reuters
  • Residents scramble to higher ground after being displaced by flooding in New Delhi. Reuters
    Residents scramble to higher ground after being displaced by flooding in New Delhi. Reuters
  • People with their belongings wade through floodwaters from the Yamuna river. AFP
    People with their belongings wade through floodwaters from the Yamuna river. AFP
  • Men guide cattle to safety. AFP
    Men guide cattle to safety. AFP

Thousands flee rising waters in Delhi as Yamuna river overflows


Taniya Dutta
  • English
  • Arabic

More than 16,000 people living in low-lying areas of Delhi were forced to leave their homes after water overflowing from the Yamuna river flooded their homes.

Authorities in the Indian capital Delhi issued a flood alert as the water level in the river that passes through north and eastern parts of Delhi exceeded 208m on Thursday morning – three metres above the danger mark.

The surge has been caused by days of heavy rainfall across northern India and the release of water from the Hathnikund Barrage in neighbouring Haryana state.

A villager rescues some of his livestock in the Jalandhar district of Punjab, an area also affected by flooding. AFP
A villager rescues some of his livestock in the Jalandhar district of Punjab, an area also affected by flooding. AFP

Parts of the capital affected by flooding include the upmarket Civil Lines where Delhi Chief Minister Arvind Kejriwal, bureaucrats and other ministers live. The city’s main crematorium, Nigambodh Ghat, on the banks of the Yamuna, was under more than a metre of water.

The city is likely to face a drinking water shortage after three water treatment plants were shut down because of the floods.

Mr Kejriwal ordered the closure of schools in flood-affected areas and appealed for residents to co-operate with the city administration.

“The water level of Yamuna is increasing continuously. Due to the rising water level, the Yamuna has come on the roads around it. You are requested not to go on these routes,” Mr Kejriwal said on Twitter.

“People are being evacuated from the populated areas where there is water. The people living there are requested to co-operate with the administration. Saving the lives of people is most important. There is an appeal to all the people of Delhi to co-operate with each other in every possible way in this emergency.

News channels broadcast footage of people who fled their flooded homes sitting next to washing machines and water coolers – the valuable items they took with them as the waters began to rise.

“My house was completely submerged in floodwater. We ran out to save our lives,” one resident said.

More than a dozen teams of the National Disaster Response Force on rafts were rescuing people.

“We have so far rescued 50-60 people but more people are needed to be rescued. The water level here since morning has increased by three feet,” said Haji Sharif, an NDRF member stationed near the Yamuna Bank Metro Station.

Members of the National Disaster Response Force prepare to evacuate stranded residents from a flooded locality in New Delhi. Reuters
Members of the National Disaster Response Force prepare to evacuate stranded residents from a flooded locality in New Delhi. Reuters

Although Delhi has not received heavy rain in the past few days, the flooding was caused after Hathnikund Barrage in Haryana was opened to release a build-up of water from Himachal Pradesh, where very heavy rainfall has caused widespread destruction and claimed at least 39 lives this week.

The Himalayan state, a popular destination for tourists at this time of year, received 249.6mm of rainfall between July 1 and 11 – more than triple the 76mm average for the period.

More than 50,000 tourists were forced to leave the state on Wednesday.

Haryana and Punjab states have also experienced flooding after incessant rainfall for the past five days. Nearly two dozen people, 11 in Punjab and 10 in Haryana, died in rain-related incidents this week, according to government data.

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  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
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COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

The specs: Rolls-Royce Cullinan

Price, base: Dh1 million (estimate)

Engine: 6.75-litre twin-turbo V12

Transmission: Eight-speed automatic

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Fuel economy, combined: 15L / 100km

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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.”

Updated: July 13, 2023, 8:17 AM