UAE summer is peak season for pet travel



ABU DHABI // Summer is not only the peak season for people travelling with pets, but also the most challenging for the animals, experts say.

“Summer is a very difficult time for travel for pets because of the heat,” said Mary Beth Melchior, founder of Where Is Jack?, a US-based non-profit organisation that advocates better pet-handling policies during air travel.

“Many airlines in the US won’t allow pets, such as small dogs and most cats, to travel anywhere except under the seat because the risks of putting them under the plane are too great.”

Some airlines will not let pets be checked in as excess baggage or cargo when the temperature at the departure or arrival airport is higher than 29C, according to pettravel.com, an online resource for international pet travel.

From May through September, many airlines impose a summer embargo on pet travel to certain cities and at certain times of the day because of the dehydration dangers associated with holding animals in tight cages for long periods of time in high heat.

“When runway temperatures are above 29C degrees at the departure airport, Etihad Airways may refuse to board your pet as cargo or checked baggage,” according to Pettravel.com.

From May 1 to September 30, Emirates SkyCargo may also reject snub-nosed animals and will only accept them on a “case to case” basis, according to its policy.

“These animals, variably, are susceptible to increased risk of heat stroke when exposed to stress or temperatures above 21C, breathing difficulties or increased travel stress) under indemnity and only in a container one size bigger than the animal’s normal measurements,” according to Emirates SkyCargo.

Ms Melchior said owners should consider keeping their pets home during the summer.

“We generally advise people to leave their pet with a pet-sitter, friend or relative if they are going to be away for a month or less,” she said.

But for many pet owners living in the UAE who are moving back to their home countries, leaving their beloved animals behind may not be an option.

“Summer is massive exodus, people are transitioning, a lot of people are finishing contracts in July, so from end of May to the beginning of August, we are just inundated with exports,” said Zoe Grimes, pet transportation manager at the British Veterinary Centre. “I mean every day we’ll be doing at least six or seven exports in terms of paperwork anyway.”

Mrs Grimes said the summer flight embargoes are typically not that disruptive. In the 10 years that she has been working in transporting pets from the UAE, she said she has had to delay or reschedule a flight “four or five time.”

“Most of our exports are at night time when it’s cooler, so we deliberately book night-time departures rather than daytime departures. It doesn’t really affect us — it can, but it’s not a massive issue.”

rpennington@thenational.ae

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Date started: Founded in May 2017 and operational since April 2018

Founders: co-founder and chief executive, Doaa Aref; Dr Rasha Rady, co-founder and chief operating officer.

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Sector: Health-tech

Size: 22 employees

Funding: Seed funding 

Investors: Flat6labs, 500 Falcons, three angel investors

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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.”