Removing clutter from your bedroom could improve your quality of sleep.
Removing clutter from your bedroom could improve your quality of sleep.
Removing clutter from your bedroom could improve your quality of sleep.
Removing clutter from your bedroom could improve your quality of sleep.

Sleepless in Abu Dhabi


  • English
  • Arabic

As the credit crunch bites and belts are tightened, I am experiencing a different kind of debt. I've been going through a phase of insomnia and am suffering from a sleep deficit. Of course, I'm not alone. When I describe my midnight routine, which includes getting up several times to switch on and off the air conditioning, writing lists of things to do at 3am, reading chunks of Henry James in the hope that it might send me to oblivion and generally being so restless that even my bed linen looks seriously distressed by morning, friends nod wearily. Everyone, it would seem, is tired.

My new age friends put it down to monthly moon cycles affecting sensitive souls like myself, while others (the realists) diagnosed work stress. While I'm all for apportioning blame, in this instance I couldn't pin it on work. For once, everything was going well. So I decided to look closer to home instead and focus on my bedroom. In the harsh light of day, I realised that my boudoir was an extension of my home office, but with more clothes. Clutter, in the form of magazines beside the bed and notebooks on the side tables, showed evidence of my overactive brain and obsession with glossies. My bulging wardrobe over-spilt onto a chair. I also have a dressing table littered with perfume bottles, too-few Tiffany items and many costume necklaces. I think my laptop was also there. The colour scheme was last year's burgundy and the walls were filled with black and white photographs. In essence, the room was a walk-in wardrobe rather than a sleeping space. While the former is high on my wish list, I can acknowledge that my decor was doing nothing for my sleep patterns.

You see, a bedroom should only be used for sleep. Several of my friends have installed plasma screens at the end of their beds, which is a further distraction, but I decided to ban all technical equipment from mine. I also cleared the clutter, banishing the magazines to the bookshelves and the laptop to its rightful place on my desk. I finally got rid of the excess clothes in my wardrobe and donated them to charity and bought some storage items for my jewellery collection. As for the colour scheme, I repainted the walls pristine white and treated myself to fresh bed linen, also in white. The effect, offset by the black and white photo collection, was cool and classic rather than busy and claustrophobic. I also had a look at my mattress. It's only three years old, but despite this, I decided to treat myself to an over-mattress pad. They've always seemed unnecessary to me, but I was delighted when it eased the sharpness of the orthopaedic mattress I had been coerced into buying from an overly zealous salesperson. I read copious amounts of literature produced by The Better Sleep Council and decided to buy new pillows. It was amazing how these items made a difference immediately. As a result, I have had a month of sound repose. May it last for many new moons to come.

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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.”

SNAPSHOT

While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed