FILE: A member of the medical staff secures his face mask whilst working inside an operating theater at Queen Elizabeth Hospital Birmingham, part of the University Hospitals Birmingham NHS Foundation Trust, in Birmingham, U.K., on Monday, Feb. 20, 2017. As the U.K. government proposes spending 160 million pounds ($207 million) to support medical research and health care we select our best archive images on health. Photographer: Matthew Lloyd/Bloomberg
Siemens will look to list a minority of Healthineers, which makes X-ray and MRI machines in the first half of 2018

Prominent UAE scientist urges greater investment in preventive health care



Private investors are missing an opportunity to invest in long-term preventive health care in the UAE – a critical area as the country faces rising rates of "lifestyle" illness such as diabetes, according to the prominent scientist and founder of the UAE Genetic Diseases Association, Dr Maryam Matar.

“Investors focus on curative measures, which is essential, but there is a huge lack of investment in prevention. This is what we are missing from investors,” Dr Matar said.

“Prevention is one of those areas where investors do not get income so quickly, not because it’s high-risk but because it takes patience. You are looking at solutions that could take 15 years [to bear results], so it needs capital from true investors willing to make smart investments and stay in them for the long term.”

Demand for healthcare provision in the Middle East and North Africa is rising due to a rapidly expanding population. The region is forecast to need 470,000 additional hospital beds in the next five years to keep up with minimum per capita requirements set by the OECD, according to the consultancy JLL – equating to 3,130 new hospitals over the same period.

This gap in service provision has prompted policymakers to explore preventive, rather than curative, strategies to improve the overall health of populations and reduce the pressure on infrastructure.

A report from the Economist Intelligence Unit (EIU) this year claimed the GCC is in the “grip of a healthcare crisis” brought about by an increasingly sedentary lifestyle and a diet laden with sugar, leading to a rise in chronic diseases.

____________

Read more:

____________

“In the case of many of these non-communicable diseases (NCDs) – particularly obesity, diabetes, heart disease and cancer – early diagnosis and preventive health care can have a large positive impact, either preventing diseases from occurring or effectively managing them once they have developed, to produce better patient outcomes and quality of life,” the report said.

Healthcare expenditure in the GCC for diabetes is forecast to increase to US$21.8 billion by 2040, from $12.8bn in 2015, according to a separate report by the EIU and EY in May, demonstrating the scale of investment required.

Speaking at a healthcare symposium in Dubai, Dr Matar said there was a worrying lack of investment in strategies to improve overall health.

Particular untapped opportunities include the establishment of sleep clinics (“there is no single comprehensive sleep clinic in the region”, she said), provision of high-quality water and inclusion of gyms and fitness services within primary healthcare centres.

She also called for investment to improve medical education and increase the supply of "genetic counsellors" to support people with inherited genetic conditions.

“We have only one licensed genetic counsellor in Dubai, can you imagine?” the doctor told the symposium.

“The whole industry is booming with laboratories providing genetic screening, but there is no ethical protocol requiring you to provide your patient with proper genetic counselling that helps them decide what to do with this information.”

The emerging field of "epigenetics", which explores the relationship between genetic make-up and external environmental factors, is another untapped opportunity.  “Previously, we thought we were born with this bunch of DNA, and there was nothing we could do about it, but now we realise we can control those nasty genes that increase our risk for specific illnesses such as diabetes, cancer, Alzheimer’s and obesity,” Dr Matar said.

“Right now, if I were an investor, I would focus on ways that an individual could switch off all those genes. These are the types of investments we need and, unfortunately, there is no single investment company here working on any of that.”

She urged individuals and companies to align their investment strategies with the preventive-orientated objectives of the UAE Government to achieve better outcomes in the long term.

SOUTH KOREA SQUAD

Goalkeepers: Kim Seung-gyu, Jo Hyeon-woo, Song Bum-keun
Defenders: Kim Young-gwon, Kim Min-jae, Jung Seung-hyun, Kim Ju-sung, Kim Ji-soo, Seol Young-woo, Kim Tae-hwan, Lee Ki-je, Kim Jin-su
Midfielders: Park Yong-woo, Hwang In-beom, Hong Hyun-seok, Lee Soon-min, Lee Jae-sung, Lee Kang-in, Son Heung-min (captain), Jeong Woo-yeong, Moon Seon-min, Park Jin-seob, Yang Hyun-jun
Strikers: Hwang Hee-chan, Cho Gue-sung, Oh Hyeon-gyu

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

The specs: 2019 BMW i8 Roadster

Price, base: Dh708,750

Engine: 1.5L three-cylinder petrol, plus 11.6 kWh lithium-ion battery

Transmission: Six-speed automatic

Power: 374hp (total)

Torque: 570Nm (total)

Fuel economy, combined: 2.0L / 100km

BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Cologne v Hoffenheim (11.30pm)

Saturday

Hertha Berlin v RB Leipzig (6.30pm)

Schalke v Fortuna Dusseldof (6.30pm)

Mainz v Union Berlin (6.30pm)

Paderborn v Augsburg (6.30pm)

Bayern Munich v Borussia Dortmund (9.30pm)

Sunday

Borussia Monchengladbach v Werder Bremen (4.30pm)

Wolfsburg v Bayer Leverkusen (6.30pm)

SC Freiburg v Eintracht Frankfurt (9on)

ASIAN RUGBY CHAMPIONSHIP 2024

Results
Hong Kong 52-5 UAE
South Korea 55-5 Malaysia
Malaysia 6-70 Hong Kong
UAE 36-32 South Korea

Fixtures
Friday, June 21, 7.30pm kick-off: UAE v Malaysia
At The Sevens, Dubai (admission is free).
Saturday: Hong Kong v South Korea

SHADOWS AND LIGHT: THE EXTRAORDINARY LIFE OF JAMES MCBEY

Author: Alasdair Soussi

Pages: 300

Publisher: Scotland Street Press

Available: December 1

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

Kandahar

Director: Ric Roman Waugh

Stars: Gerard Butler, Navid Negahban, Ali Fazal

Rating: 2.5/5

Stamp duty timeline

December 2014: Former UK chancellor of the Exchequer George Osborne reforms stamp duty land tax (SDLT), replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:

Up to £125,000 – 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; More than £1.5m – 12%

April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.

July 2020: Chancellor Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.

March 2021: Mr Sunak extends the SDLT holiday at his March 3 budget until the end of June.

April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.

June 2021: SDLT holiday on transactions up to £500,000 expires on June 30.

July 2021: Tax break on transactions between £125,000 to £250,000 starts on July 1 and runs until September 30.

Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

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.”

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.