Like many executives, Ali Hussain Sajwani finds that much of his day goes by buried in text.
"Most of the time I spend the days either in meetings or reading … reading emails, reading documents," says Mr Sajwani, the chief information officer of the bank Emirates NBD. "That's most of the time."
Mastering the art of speed reading in this fast-paced, efficiency-driven business world is becoming more of a necessity these days. Some experts say executives and working professionals spend about four hours each day reading in some capacity, whether that's perusing hard-copy contracts or skimming digital text and email on a smartphone screen.
Ideally, though, many would like to finish their daily reading requirements within three or even just two hours. "Most executives actually end up staying behind after working hours," says Musa Al Sadoon, the owner of Executive Skills Training, a consultancy in the UAE that provides speed-reading coaching to corporate clients throughout the GCC. "The main reason is they didn't finish their reading requirements."
Many professionals are also itching to scratch the surface of that ever-growing stack of industry magazines, not to mention all those books piling up at home. But compared with peers throughout the region many can't seem to find, or create, enough time to get through it all.
According to a survey from Yahoo Maktoob Research, just 22 per cent of people in the Emirates say they read books regularly for their own enjoyment - below Bahrain, Egypt, Morocco and Iraq.
So how can busy professionals sift through text faster? Some experts, including Mr Al Sadoon, employ devices such as the Reading Accelerator, which trains the eye to read at faster rates.
But there are less technical steps to try:
Prioritise
Being an effective reader starts with a bit of organisation. "Before I attack the actual documents or emails, I need to preview or skim them," says Mr Al Sadoon.
Important emails should be separated into a special folder, while others can stack up for a quick scan later. When it comes to handling brief magazine or newspaper articles Mr Al Sadoon suggests reading the first and last paragraphs then skimming through the rest, which means trying not to slow down to check every word's spelling or exact pronunciation. "That is one of the most effective techniques," he says.
Don't slow down
Conventional thinking goes that reading more slowly will help professionals understand a document better. That logic applies best to technical or legal writing.
Reading slowly, which Mr Al Sadoon defines as less than 200 or 150 words a minute, often ends up being a big time waster. "What happens is that after two or three paragraphs your mind literally gets bored," he says. "You start to drift and think about the meetings you have to attend or the telephone calls you have to return. At the end of the page you regress because you don't remember what you have read."
Try chunking
As children, we're typically taught to read one word at a time. Yet Mr Al Sadoon argues there's less need for that in adulthood. A better tactic, he says, is chunking.
"Chunking means looking at a group of words, ideally a phrase," he explains. For example, the word "minute" could be used in one of two sentences, such as, "that's a minute detail" or "the boss needs another minute". Speed readers learn to chunk a series of words together and build context quickly so that they can breeze through the sentence without having to stop and pronounce every word in their head.
Quicken the pace
Reading faster is easier said than done. While many professionals spend their days glued to a computer screen, Mr Al Sadoon says they tend to read 20 per cent slower this way due, in part, to bright backlight that strains the eyes. He suggests dimming a screen, and ensuring it is situated at eye level, to help facilitate faster read times.
nparmar@thenational.ae
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.”
Turkish Ladies
Various artists, Sony Music Turkey
Draw for Europa League last-16
Istanbul Basaksehir v Copenhagen; Olympiakos Piraeus v Wolverhampton Wanderers
Rangers v Bayer Leverkusen; VfL Wolfsburg v Shakhtar Donetsk; Inter Milan v Getafe
Sevilla v AS Roma; Eintracht Frankfurt or Salzburg v Basel; LASK v Manchester United
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Results
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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)
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
ALRAWABI%20SCHOOL%20FOR%20GIRLS
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Essentials
The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes.
Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes.
In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes.
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Mica
Director: Ismael Ferroukhi
Stars: Zakaria Inan, Sabrina Ouazani
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A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
Places to go for free coffee
- Cherish Cafe Dubai, Dubai Investment Park, are giving away free coffees all day.
- La Terrace, Four Points by Sheraton Bur Dubai, are serving their first 50 guests one coffee and four bite-sized cakes
- Wild & The Moon will be giving away a free espresso with every purchase on International Coffee Day
- Orange Wheels welcome parents are to sit, relax and enjoy goodies at ‘Café O’ along with a free coffee
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
MATCH INFO
Liverpool 2 (Van Dijk 18', 24')
Brighton 1 (Dunk 79')
Red card: Alisson (Liverpool)
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900