Married Life: don’t have kids if you enjoy sleep, like the cinema and want to preserve ability to recall things


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Often, I am asked by my recently wed friends how I knew I was ready to have a baby. I can understand their need to ask. It would be nice if such a life-changing decision could be made for you, or even better, made according to a set of rules in a convenient manual to life.

But it doesn’t work that way. For Mr T and I, the decision to approach parenthood was made despite our awareness that we’d never feel completely ready to take the plunge. We knew the more we waited and the more we chose to keep our marriage about just the two of us, the harder it would be to welcome a third into the fold. People become creatures of habit and we feared we’d resent the intrusion of a baby and the consequent adjustment to the familiar nuances of our lives together.

However, the worry that the longer you wait, the harder it will be to adjust, is not a legitimate enough reason to go ahead and have a baby. So Mr T and I picked another reason to go with it: we were no longer opposed to the idea of being responsible for another human being. Also, I had a secret reason of my own: I wanted free reign to decorate an enchanting room for a tiny baby.

So, how will you know if you’re ready to have a baby? I have no idea – your reasons and circumstances will be unique to you. And while it feels like the most natural thing in the world to me that I’m a parent now and that Baby A is in my life – while it feels this is exactly how it should be – that doesn’t mean that I don’t understand the opposing perspective of choosing to remain child-free.

In fact, I understand it so much better now than ever before. The reasons not to have a child are endless. For example, you should not have children if you:

– enjoy sleep.

– prefer to spend your money on yourself alone.

– are inclined to prefer long, leisurely showers.

– tend to use the bathroom alone, with the door closed.

– choose to wear silk shirts that remain stain free.

– want to drink hot coffee.

– own furniture with sharp corners.

– thrive to exercise spontaneity in your life.

– like to go out for late dinners and try the new fine dining restaurant in town.

– like to go to the cinema.

– like to go out dancing.

– like to wear high heels.

– think that reading a newspaper on the day it came out is the rule.

– want to preserve your ability to recall things.

– hate dark (and permanent) circles under your eyes.

– prefer not to deal with another person’s bodily fluids.

– tend to sit down to eat your meals at a table, with proper cutlery.

– are fond of your waist (this for both mums and dads).

– think the Itsy Bitsy Spider song is stupid.

– have qualms about eating food that was on the floor (or in someone else’s mouth).

This is but a fraction of a list that never ends. You have been warned.

Hala Khalaf is a freelance journalist based in Abu Dhabi

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Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

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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.”