Illustration by Gary Clement
Illustration by Gary Clement

We must prevent our children from being hypnotised by advertising



‘Let’s go in’ he said. I cringed - we looked as though we had been dragged through a bush backwards - but heck, why not. And so, with backpack repositioned and fleece tied a bit more neatly around my waist, I made for the imposing glass door.

We all like something shiny. So, true to the marketing behavioural psychology principles that had been implemented, my 11-year-old made a beeline to a window display that had done its job. It had stars and planets hanging in space and illustrations of a young boy.

It was Montblanc’s pride of place on the Champs Elysées. If their plan is to entice next genners, they are onto something - next gen being the term used for those set to inherit significant sums, as opposed to generation next, which is often used to describe millennials.

$4 trillion is expected to be passed on to the next generation in the UK and North America over the next 20 years.

I think most parents would quietly move their child along, if they were outside the Montblanc store, hoping no fuss was made. But I want mine to see what’s out there to help him arrive at, and make his own decisions.

Exposure is good. It does not mean conversion.

______

Read more from Nima Abu Wardeh:

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I mention this because the world goes to lengths to beam out who belongs where. A high end luxury shop, with gleaming glass and chrome, displaying bejewelled treasure, replete with dark-suited, groomed personnel, is meant to be intimidating for those who don’t live within the price-range of what’s on offer.

But the staff at Montblanc were attentive, pleasant and didn’t appear to assume we had no intention of spending any money with them.

We were on holiday in Paris, seeing the sites and enjoying the streets. The only shopping we’d be doing was for sustenance.

I am acutely aware that my child does not hanker after branded goods - yet. He is blind to them, but I have no idea know how long this will last.

Get them young and keep them for life. That’s what happens with brand loyalty; long-term relationships formed early is where serious cash can be made. And it’s getting easier to hook these budding consumers. I will call them Gen M – M for media.

Studies find that a majority of US children have televisions in their bedrooms. This sounds very much like the UAE where many children also have unsupervised access to computers.

These two trends - the growth in advertising channels reaching children and children using media in private - have lead to more child-specific advertising. I can’t find figures for the UAE, but suffice to say it’s a lot of money elsewhere. Estimates of how much is spent reaching the youth market in the US come in at over $17 billion per year, with children viewing tens of thousands of commercials.

It does work: product preference has been shown to happen with as little as a single commercial exposure, it increases with repeated exposures. The big issue is that this influences children's product purchase requests and that these requests influence parents' purchasing decisions. In other words, everyone is affected, and it’s not just family finances that feel the pull. The layers of harm that result from targeting children include parent-child conflict. I don’t know about you, but I want to parent, not to be ‘bad cop’.

Here’s why targeting children as consumers is important to marketeers:

* They are a primary market - they spend their pocket money

* Children are a huge ‘influence market’ - affecting the buying habits of decision makers, such as parents and grandparents.

* Children are the future: what will they buy when they grow up? Remember, exposure also leads to brand preference later in life.

Here’s the thing: it’s not just a parent’s responsibility to protect children, it’s society’s too. I believe banning advertising aimed at children is fair game.

In some countries it’s restricted, such as the United Kingdom, Greece, Denmark, and Belgium. In Norway and Quebec, advertising to children under the age of 12 is illegal. There’s good solid science behind this due to how the brain develops, and the ability to differentiate between what’s real, suggested, or fantasy.

Our children are vulnerable and can be – are being – exploited by marketing pro’s. We all need protecting from the fallout of young ones being sucked in.

It's not just the display that drew my son in -  being a budding illustrator, ink and writing tools are the thing. Yes, he baulked at the cost of the pens on display, but he still had his eye on a specific shiny thing - a purple, silver-edged notebook. He lovingly stroked it and asked for it. I told him to find out how much it was and then we would talk; €60 (Dh273) is how much. Thankfully he baulked at that too, but left the shop devising entrepreneurial schemes to earn the cost.

If the purple notebook is ever bought, I know he’d cherish it. All the more if he still hankers after it over the course of the year, saves up or earns the cost. The main reason I walked into the shop with him is to convey a message that our worth does not correlate with what's in our wallets, with the hope that he’ll always be able to walk into any place comfortably, with a secure sense of self and what’s important to him.

Nima Abu Wardeh is a broadcast journalist, columnist and blogger. Share her journey on finding-nima.com

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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Habib El Qalb

Assi Al Hallani

(Rotana)

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

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

WE%20NO%20LONGER%20PREFER%20MOUNTAINS
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
COMPANY%20PROFILE
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Ad Astra

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Stars: Brad Pitt, Tommy Lee Jones

Five out of five stars 

Business Insights
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The lowdown

Bohemian Rhapsody

Director: Bryan Singer

Starring: Rami Malek, Lucy Boynton, Gwilym Lee

Rating: 3/5

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
The%20specs
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The biog

Name: Atheja Ali Busaibah

Date of birth: 15 November, 1951

Favourite books: Ihsan Abdel Quddous books, such as “The Sun will Never Set”

Hobbies: Reading and writing poetry

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
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

Three tips from La Perle's performers

1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.

2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.

3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20Profile
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The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Scoreline:

Everton 4

Richarlison 13'), Sigurdsson 28', ​​​​​​​Digne 56', Walcott 64'

Manchester United 0

Man of the match: Gylfi Sigurdsson (Everton)

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.”

Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar

The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Full Party in the Park line-up

2pm – Andreah

3pm – Supernovas

4.30pm – The Boxtones

5.30pm – Lighthouse Family

7pm – Step On DJs

8pm – Richard Ashcroft

9.30pm – Chris Wright

10pm – Fatboy Slim

11pm – Hollaphonic

 

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

The specs: 2017 Lotus Evora Sport 410

Price, base / as tested Dh395,000 / Dh420,000

Engine 3.5L V6

Transmission Six-speed manual

Power 410hp @ 7,000rpm

Torque 420Nm @ 3,500rpm

Fuel economy, combined 9.7L / 100km