• A sales representative trying a new vape at the World Vape Show held last week at Dubai World Trade Centre in Dubai. The exhibition is a platform where manufacturers can show their products. All photos: Pawan Singh / The National
    A sales representative trying a new vape at the World Vape Show held last week at Dubai World Trade Centre in Dubai. The exhibition is a platform where manufacturers can show their products. All photos: Pawan Singh / The National
  • Various products on display at the World Vape Show
    Various products on display at the World Vape Show
  • A visitor tries a vape at the exhibition
    A visitor tries a vape at the exhibition
  • Different types of vapes on display at the World Vape Show
    Different types of vapes on display at the World Vape Show
  • The World Vape Show is a leading B2B event for e-cigarette users
    The World Vape Show is a leading B2B event for e-cigarette users
  • Supporters of vaping say the practice is a less-harmful alternative to traditional cigarettes and can help those who want to quit smoking
    Supporters of vaping say the practice is a less-harmful alternative to traditional cigarettes and can help those who want to quit smoking

E-cigarettes used by one in five university students in UAE, study finds


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Nearly a quarter of students in the UAE used an e-cigarette in the past month, a study has found.

Research carried out at three universities in the country recorded higher vaping rates than other recent studies in the Emirates and elsewhere in the Gulf.

Experts have given a warning that while e-cigarettes are less harmful than traditional cigarettes, they do pose a risk to health and could be a gateway to more hazardous tobacco smoking.

Students at one private and two public universities were polled on whether and when they had used e-cigarettes.

Almost all of my friends vape. I can count on one hand the number of friends I have that don't
Karthik Mallya,
a 23-year-old Indian designer living in Dubai

Researchers found 23 per cent said they had smoked e-cigarettes in the past month, while 37 per cent had used them in their lifetime.

The researchers, from Maudsley Health and Al Amal Psychiatric Hospital, both in Dubai, and Liverpool John Moores University in the UK, published their findings in the International Journal of Environmental Research and Public Health.

E-cigarettes are electronic devices that contain a liquid and include nicotine, a battery and an atomiser, which produces vapour instead of cigarette smoke.

In the paper, the researchers highlighted a 2021 study, which found only 3.7 per cent of university students in the UAE were current e-cigarette smokers.

A 2020 study in Qatar put the figure at 14 per cent, while in Saudi Arabia, the latest research points out, scientists have found figures of 7.2 per cent (in 2020) and 10.6 per cent (in 2018).

Gender divide over smoking habits

The researchers behind the latest study found that students who used e-cigarettes were more likely to also smoke other forms of tobacco, such as traditional cigarettes, shisha or medwakh pipes.

Male students, who made up about a quarter of the study’s 240 participants, were about twice as likely as females to have used e-cigarettes in their lifetime. Men tended to perceive them as less harmful than females did.

“This is consistent with previous research about tobacco smoking among university students in the UAE, where males are more likely to consume tobacco,” the researchers wrote.

“In the GCC, this pattern has also been observed in Bahrain, Saudi Arabia, and Yemen. This could be due to smoking being more socially acceptable for males in this region and that they could also be subject to peer influence.”

Prof Kamran Siddiqi, professor in public health at the University of York in the UK, who researches smoking internationally, said the latest study, based on relatively small numbers and focused specifically on university students, may not necessarily indicate wider smoking rates among young people in the country.

More broadly, he said it was difficult to determine whether e-cigarettes were a “gateway” to the use of combustible cigarettes.

E-cigarettes not necessarily a tobacco alternative

While research has, he said, found that people who “vape” were more likely to go on to smoke traditional cigarettes, this did not necessarily indicate that one caused the other.

Another possible explanation is what researchers call common liability, when people who take up vaping are already more inclined to smoke cigarettes.

“In Britain people are more and more thinking along the lines of common liability, because despite young people experimenting with e-cigarettes, we haven’t seen a huge increase in smoking,” said Prof Siddiqi, who was not connected to the latest study.

The National
The National

Compared to combustible cigarettes, he said e-cigarettes caused “significantly less” harm — but not zero.

“Individuals are still inhaling liquids with the potential to damage the lungs,” he said. “Nicotine is highly addictive. There are other [substances] nicotine is mixed with. They could cause long-term lung damage.

“From the evidence, it’s nowhere near as toxic or potentially harmful as the smoke from combustible cigarettes. That said, nobody wants young people to take up e-cigarettes.”

The UK’s National Health Service describes e-cigarettes as “not completely risk free”, and “carry a small fraction of the risk of cigarettes”.

Unlike traditional cigarettes, e-cigarettes do not produce carbon monoxide or tar, which Britain's National Health Service said were two of the most harmful substances found in tobacco smoke.

'Vaping helped me ditch tobacco fix'

Arjun Chandavarkar, 22, from India, used vaping to help him quit cigarettes while he was at university and uses a refillable device regularly throughout the day.

“Most of the times I tend to vape in the mornings, usually after meals and about six or seven times a day,” said Mr Chandavarkar, who lives in Dubai and works as a financial analyst.

“The frequency of when I vape isn’t particularly set in stone, but I vape for about two minutes 'per session'.

“It has helped me avoid cigarettes altogether.

“The majority of the people I know within my age group tend to use a vape. I would say in a group of about 20 people, 16-17 of them will vape.

“Considering the frequency of my vaping, I use one pod every two days, so I go through about four refills per week.

“I am worried about my health and the impact vaping has. While it does offer a much safer and healthier alternative to smoking, I haven’t come across any research that suggests vaping is completely free from harmful effects.

“That being said, I do exercise on a frequent basis, around five times a week, and tend to believe I’m mitigating the harmful effects of vaping through this exercise.

“However, based on my vaping experience over the last three or four years, I haven’t seen any harmful impact of vaping on my physical performance.”

'I don't know if it is healthier or not'

Karthik Mallya, a 23-year-old Indian designer living in Dubai, said vaping helps relieve stress.

“Almost all of my friends vape,” he said.

“I think I can count on one hand the number of friends I have that don't.

“Even friends of mine that don't use them regularly will usually vape when they get the chance to.

“I'm definitely worried and very aware of the health risks associated with vaping.

“Since there's not much research into the matter, I don't really know if it's a healthier alternative to smoking or not.

“As of now, I vape to curb my urge to smoke tobacco products.

“I like it because it doesn't stink up my clothes and hands and, of course, I like it for the many flavours.”

ENGLAND SQUAD

Goalkeepers: Jack Butland, Jordan Pickford, Nick Pope 
Defenders: John Stones, Harry Maguire, Phil Jones, Kyle Walker, Kieran Trippier, Gary Cahill, Ashley Young, Danny Rose, Trent Alexander-Arnold 
Midfielders: Eric Dier, Jordan Henderson, Dele Alli, Jesse Lingard, Raheem Sterling, Ruben Loftus-Cheek, Fabian Delph 
Forwards: Harry Kane, Jamie Vardy, Marcus Rashford, Danny Welbeck

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.”

Syria squad

Goalkeepers: Ibrahim Alma, Mahmoud Al Youssef, Ahmad Madania.
Defenders: Ahmad Al Salih, Moayad Ajan, Jehad Al Baour, Omar Midani, Amro Jenyat, Hussein Jwayed, Nadim Sabagh, Abdul Malek Anezan.
Midfielders: Mahmoud Al Mawas, Mohammed Osman, Osama Omari, Tamer Haj Mohamad, Ahmad Ashkar, Youssef Kalfa, Zaher Midani, Khaled Al Mobayed, Fahd Youssef.
Forwards: Omar Khribin, Omar Al Somah, Mardik Mardikian.

Saturday's results

Brighton 1-1 Leicester City
Everton 1-0 Cardiff City
Manchester United 0-0 Crystal Palace
Watford 0-3 Liverpool
West Ham United 0-4 Manchester City

Overview

Cricket World Cup League Two: Nepal, Oman, United States tri-series, Tribhuvan University, Kathmandu

Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal

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.

Company%C2%A0profile
%3Cp%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMay%202022%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EHusam%20Aboul%20Hosn%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDIFC%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%E2%80%94%20Innovation%20Hub%3Cbr%3E%3Cstrong%3EEmployees%3A%20%3C%2Fstrong%3Eeight%3Cbr%3E%3Cstrong%3EStage%3A%20%3C%2Fstrong%3Epre-seed%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3Epre-seed%20funding%20raised%20from%20family%20and%20friends%20earlier%20this%20year%3C%2Fp%3E%0A

First Person
Richard Flanagan
Chatto & Windus 

Company profile

Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Ovasave%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20November%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Majd%20Abu%20Zant%20and%20Torkia%20Mahloul%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Healthtech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20Three%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%24400%2C000%3C%2Fp%3E%0A
The%20Emperor%20and%20the%20Elephant
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3ESam%20Ottewill-Soulsby%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3EPrinceton%20University%20Press%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPages%3A%20%3C%2Fstrong%3E392%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%20%3C%2Fstrong%3EJuly%2011%3C%2Fp%3E%0A
UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

Updated: July 17, 2022, 11:17 AM