PORT-AU-PRINCE // A major earthquake rocked Haiti yesterday, killing possibly thousands of people as it toppled the presidential palace and hillside shanties alike, leaving the poor Caribbean nation appealing for international help.
A five-story UN building was also brought down on Tuesday by the 7.0 magnitude quake, the most powerful to hit Haiti in more than 200 years according to the US Geological Survey.
Television footage from the capital, Port-au-Prince, showed scenes of chaos on the streets with people sobbing and appearing dazed amid the rubble.
The quake's epicentre was only 10 miles (16 km) from Port-au-Prince, which has a population of about 1 million, and aftershocks as powerful as 5.9 rattled the city throughout the night and into today. Reports on casualties and damage were slow to get out of Haiti due to communication problems.
As the poorest country in the Western Hemisphere, Haiti is ill-equipped to respond to such a disaster.
"I am appealing to the world, especially the United States, to do what they did for us back in 2008 when four hurricanes hit Haiti," Raymond Alcide Joseph, Haiti's ambassador to Washington, said in a CNN interview.
"At that time the US dispatched ... a hospital ship off the coast of Haiti. I hope that will be done again ... and help us in this dire situation that we find ourselves in. I'm asking the Haitians who are abroad to work together and bring all the effort in a concerted manner to help those back home."
Sara Fajardo, a spokeswoman for Catholic Relief Services, told the Los Angeles Times that it's representative in Haiti said the death toll could be in the thousands.
The US president Barack Obama said his "thoughts and prayers" were with the people of Haiti and pledged immediate aid. A late-night White House meeting involving various arms of the government was held to coordinate the US response.
The Inter-American Development Bank said it would provide $200,000 (Dh734,000) in immediate emergency aid. The World Bank, which said its local offices were destroyed but that most staff were accounted for, plans to send a team to help Haiti assess damage and plan a recovery.
The US Coast Guard in Miami said it had mobilised cutters and aircraft to positions close to Haiti to give humanitarian assistance as needed.
The quake hit at 5 pm local time, and experts said the quake's epicentre was very shallow at a depth of only 6.2 miles (10 km), which was likely to have magnified the destruction.
The presidential palace lay in ruins, its domes fallen on top of flattened walls. CNN reported on its website that the Mr Joseph said the president Rene Preval was safe, but gave no further details.
Bloodied and dazed survivors gathered in the open and corpses were pinned by debris.
The United Nations said a large number of its personnel in Haiti were unaccounted for after a five-story building at the headquarters of the UN mission collapsed.
"The whole city is in darkness. You have thousands of people sitting in the streets with nowhere to go," said Rachmani Domersant, an operations manager with the Food for the Poor charity. "There are people running, crying, screaming."
In the hillside neighborhood of Petionville, Mr Domersant said he saw no police or rescue vehicles.
"People are trying to dig victims out with flashlights," he said. "I think hundreds of casualties would be a serious understatement."
UN officials said normal communications had been cut off and the only way to talk with people on the ground was via satellite phone. Roads were blocked by rubble.
The UN peacekeeping chief Alain Le Roy said the main UN building in Port-au-Prince had collapsed. "We don't know how many people were in the building," he told reporters.
Some 9,000 UN police and troops are stationed there to maintain order. China's state-run media reported that eight Chinese peacekeepers were buried in rubble and 10 others were missing while the Jordanian army said three Jordanian peacekeepers were killed and 21 wounded.
Mr Le Roy's deputy Edmond Mulet said 200 to 250 people worked in the building during normal hours.
There were more houses destroyed than standing in Delmas Road, a major thoroughfare in Port-au-Prince, another Food for the Poor employee said. The Hotel Montana, where many foreigners stay, was also damaged.
The powerful quake was felt in southeastern Cuba, about 260km from the epicentre. Cuban authorities evacuated coastal residents because of the initial tsunami threat.
"I was seated on the terrace and I thought my chair had slid out from under me but I realised it was an earthquake," said Eduardo Machin, a resident of the coastal city of Santiago de Cuba. "It was very strong."
Sailors at the US naval base at Guantanamo Bay in eastern Cuba felt the quake but there was no damage to the base or the detention camp where the United States holds 198 foreign terrorism suspects, said Chief Petty Officer Bill Mesta.
"It just shook a number of the buildings," Mesta said.
* With agencies
'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal
Rating: 3.5/5
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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.”
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
Brief scoreline:
Al Wahda 2
Al Menhali 27', Tagliabue 79'
Al Nassr 3
Hamdallah 41', Giuliano 45 1', 62'
UAE currency: the story behind the money in your pockets
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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.
