Prepared for life



Running a family is akin to running a company. You need to lead by example, instil values, build personalities, promote quality, encourage teamwork and foster creativity.For 16 years, Zubair Ahmed, the head of IT and business innovation at Emirates Islamic Bank, has been applying such management approaches to raising his children. He has compiled his positive results in a parenting book that will be launched this week.
Power to Kids stems from Ahmed's 21 years' experience of leading and motivating teams at his workplace to gain a competitive edge coupled with caring for and educating four boys using a similar yardstick.
"Right from my early days I had been combining my work with home," says Ahmed, 43, who then began jotting it down for a book in 2008.
"I was knowingly bringing concepts learnt at work and college back home. I knew I had to engage my kids early on, in the first five years of their life when they are learning the most."
At the same time, Ahmed was engaging audiences at conferences on how to improve productivity and bring innovation to work. He noticed the same rules worked at home. "The thought was, what are we raising our children for? At some level we want them to be better citizens of the world with the right competencies to become successful. The medium is through organisation.
"You start off with core values in the way that a company defines them. After researching some of the most well-known companies in the world, I laid down a set of five values. One of them is teamwork."
There are eight chapters describing and providing strategies, with examples of his trials and errors; on how to set goals and achieve them; techniques to maintain a positive outlook, strengthen character, enhance quality, breed novel ideas and become leaders.
Fuelling ambitions and promoting well-rounded achievement at a young age is critical because of the growing dissatisfaction of employers with the new crop of graduates. Unemployment in the Mena region exceeds 25 per cent according to a 2013 report by the International Labour Organisation. Recruiters blame job seekers being unprepared for a corporate environment, a lack of soft skills such as communication and teamwork, and a lack of education. The 2013 Arab World Competitiveness Report, by the education consultants Pearson, notes that while graduates possess the qualifications, bosses surveyed said they struggle to find employees with critical thinking skills, written and oral communication and an attitude that allows for success in a competitive work environment.
But the task of readying them cannot be left to schools and universities alone. According to Ahmed, parents and high-school kids need to get proactive about their future. The book also serves as a self-help guide for teenagers to take ownership in matters that affect them. "Organisations are built like families," says Ahmed. "Under one roof you have different minds who come together to create value. I started looking at organisations and what they wanted from young graduates. When I got involved in the process, I realised that I would have a brilliant person sitting in front of me but we couldn't hire him. Why? Because he did not fit into my family at work. He prefers working alone. An organisation needs team players and that became the basis of how I wanted the kids to learn."
He began developing principles that would make children more viable for corporations in the future. This summer, his 16- and 14-year-old sons, Mustafa and Mujtaba, are interning at different companies to gain work experience before they move on to college. Ahmed believes parenting involves being assertive without being bossy. "Kids need to see value in their actions. This is where the big picture, mentioned in the book, comes to use," he says. "I faced this issue with my son, Murtaza, who I spent weeks on end trying to get to brush his teeth at night. He wouldn't do it because for him it was a task. He would do it out of respect or fear, but that wouldn't be a sustainable routine."
However, once he explained the pros and cons of adopting the habit, it became easier. On teaching focus, Ahmed narrates an incident with Muqtada, his 5-year-old son. "For sports he has the speed, but initially he did not have the focus to win races," says his father. "So I recorded the first race he participated in, when he was 3. We both worked on getting him ready. But what we did is we created these small physical acts where he would have to focus his mind and complete a small task. We then began translating that into his sports goals."
The author says there is a benefit of creating coursework around the contents of the book, something he has started discussing with an education provider in Dubai. "I plan to take workshops on the root cause analysis and devise solutions with the teachers to improve children's opportunities," says Ahmed. "We have to change the language of talking to children. It isn't by threatening them into doing things, but with logical reasoning. This is what can move mountains."
Power to Kids is available at Kinokuniya in The Dubai Mall for Dh80
aahmed@thenational.ae

Bharatanatyam

A ancient classical dance from the southern Indian state of Tamil Nadu. Intricate footwork and expressions are used to denote spiritual stories and ideas.

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.”

Who has been sanctioned?

Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.

Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.

Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.

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

Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The specs

Price: From Dh180,000 (estimate)

Engine: 2.0-litre turbocharged and supercharged in-line four-cylinder

Transmission: Eight-speed automatic

Power: 320hp @ 5,700rpm

Torque: 400Nm @ 2,200rpm

Fuel economy, combined: 9.7L / 100km

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

Director: Dean Fleischer Camp

Rating: 4.5/5

Roll of honour 2019-2020

Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain

West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership

UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes

UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

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

Day 5, Abu Dhabi Test: At a glance

Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.

Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.

The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.