Guillaume Mariole is the founder and managing director of Ignite Fitness and Wellness, the first provider of corporate wellness programmes in the UAE. Satish Kumar / The National
Guillaume Mariole is the founder and managing director of Ignite Fitness and Wellness, the first provider of corporate wellness programmes in the UAE. Satish Kumar / The National

Healthy workers are productive workers



Being fit and healthy isn’t just a personal concern – your company also wants you in top shape to ensure you not only turn up to work but keep insurance premiums down.

And as the economy surges forward, businesses know they must offer extra benefits to employ and retain the best employees, with wellness programmes top of the priority list.

In light of this shifting focus on staff well-being, the first awards in the Middle East to recognise company health and wellness initiatives have been launched. The Daman Corporate Health Awards – a joint initiative from the senior management media brand Meed and the national health insurance company Daman – covers issues such as nutrition, weight loss and work environments that foster a healthy workforce. Applications must be in by July 1.

“A healthy workforce will be a major factor in controlling the rate of health insurance premium increases year-on-year,” says the Daman chief executive Dr Michael Bitzer. “When companies’ management embraces the notion of a health-focused workplace, a healthy person is likely to perform better, benefiting from increased energy levels and lowering the chances of illness. For the organisation, that means greater productivity overall, which ultimately benefits the bottom line.”

One company applying for the awards, Rotana Hotels, launched its wellness programme through Ignite, the first provider of corporate wellness programmes in the UAE.

Ignite also runs programmes with Omnicom Media Group and Estée Lauder, and as well as fitness training, offers services such as ergonomic stress alleviation, health screenings and body composition assessments.

“What Ignite offers is very bespoke,” says its founder and managing director Guillaume Mariole, 36, from Mauritius, who juggles his corporate responsibilities with being a dragon boat crew world champion. “It depends on the culture of the employees and what age they are. Our programmes are all about providing people the tools and education to empower them to make well-informed decisions that will improve their well-being.

“This impacts corporates by reducing health premiums and absenteeism and increasing staff morale, productivity and the perception of the organisation. It also creates lifestyle habits that have a very positive effect on the overall community.”

The passing of a law in February to make health insurance compulsory for all employees in Dubai – following Abu Dhabi’s 2006 lead – is also prompting more companies to launch wellness programmes.

Daman itself has a track record of implementing well-being initiatives; it launched a separate brand, Activelife, focused on encouraging the UAE community to be more active and health-aware. Activelife organise fitness activities such as TrainYas, in which participants can walk, run or ride a bike around Yas Marina Circuit in Abu Dhabi free of charge. In-house, its sports committee arranges activities including cricket, badminton, dragon boating, football and basketball.

Naseba, a business facilitation platform for emerging markets with its headquarters in Dubai, has also gained a reputation for putting staff well-being at the forefront of its corporate strategy.

Like Mr Mariole, Naseba’s chairman Scott Ragsdale is an inspiration for his staff to follow; the American, 42, has swum the English Channel, raced the Marathon des Sables and completed seven Ironmans in seven emirates.

“At Naseba, we encourage employees to go out and make their personal lives happen”, explains Mr Ragsdale. “We have 90-minute lunch breaks so people can go to the gym, there’s a cross-fit club, a volleyball club, and a team who play football each week together. We also have a Harley-Davidson club where seven members with Harleys go on trips together. I believe there is a direct correlation between being physically active and goal-orientated outside the office, to results in the office.”

Four years ago, Mr Ragsdale launched an annual challenge – now known as the Naseba Tag Heuer Challenge – as a way of encouraging his employees to accomplish something exceptional in their personal lives. Last year’s winner of the US$7,000 Tag Heuer watch prize was a Turkish employee who was afraid of water and couldn’t swim but then obtained her advance scuba permit. This year, Naseba is opening the challenge up to the public.

Dr Bitzer’s advice for managers launching wellness programmes is to start with simple, focused activities that immediately affect staff, such as weekly runs in the park. “It’s also important to allow staff to engage with the programme by offering them the chance to include activities they are interested in, maybe creating a football team or even sharing wholesome recipes,” he adds. “Internal engagement programmes always work well when staff are able to shape them for their own needs.”

Organisations can submit their application through www.corporatehealthawards.com before July 1.

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Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

Zidane's managerial achievements

La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017

The specs

Engine: Turbocharged four-cylinder 2.7-litre

Power: 325hp

Torque: 500Nm

Transmission: 10-speed automatic

Price: From Dh189,700

On sale: now

A QUIET PLACE

Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou

Director: Michael Sarnoski

Rating: 4/5

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

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.”

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

Day 1 results:

Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)

Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)

COMPANY PROFILE

Company name: Terra
Started: 2021
Based: Dubai
Founder: Hussam Zammar
Sector: Mobility
Investment stage: Pre-seed funding of $1 million

 

 

 

When Umm Kulthum performed in Abu Dhabi

Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.

MEDIEVIL (1998)

Developer: SCE Studio Cambridge
Publisher: Sony Computer Entertainment
Console: PlayStation, PlayStation 4 and 5
Rating: 3.5/5

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

Hotel Data Cloud profile

Date started: June 2016
Founders: Gregor Amon and Kevin Czok
Based: Dubai
Sector: Travel Tech
Size: 10 employees
Funding: $350,000 (Dh1.3 million)
Investors: five angel investors (undisclosed except for Amar Shubar)

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Indika

Developer: 11 Bit Studios
Publisher: Odd Meter
Console: PlayStation 5, PC and Xbox series X/S
Rating: 4/5