A Turkish man has been in isolation at his home and in hospital for 14 months after 78 coronavirus tests he underwent kept showing positive results, the official Covid-19 Turkey website reported.
Muzzafer Kayasan, a leukaemia patient, was first diagnosed with Covid-19 in November 2020 and was admitted to hospital, discharged after two weeks and returned to his home in Istanbul’s Sariyer district, awaiting full recovery in self-isolation.
But this was only the beginning of his long confinement.
According to global and Turkish Covid-19 measures, self-isolation is terminated after two weeks, a period recently reduced for coronavirus patients, if they test negative.
However, all 78 tests that Mr Kayasan underwent showed that he was still Covid-19 positive. He spent nine months in hospital and another five months at home in self-isolation, the local Ihlas news agency said.
Mr Kayasan appealed to authorities to find a solution to his situation, which forced him to spend his days alone at home where he can only see his children and grandchildren through a window.
Mr Kayasan’s doctors told him that the tests continue to return positive because of his frail immune system due to the leukaemia. He said he was surviving on drugs he was prescribed to keep his immune system bolstered.
“It is a very difficult process,” he said.
Mr Kayasan's wife stayed with him for a while during his self-isolation period and tested negative for Covid-19 twice.
His son, who also spent time with him, also tested negative.
“I first thought I was a carrier, but this is not the case. Nobody except them stayed with me. I think I am more exposed to the virus than them,” he said. “Even a cat passing by the window can infect me,” he joked.
“I was recovered, but I still have the remnants of Covid-19 in my body. This is the only explanation I was given for the positive tests."
Mr Kayasan said Covid-19 has curtailed his social life.
“I have no problem here other than being unable to touch my loved ones. It is very hard. I can’t even get vaccinated because of my condition,” he said.
Company%20profile
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Director: Abdulrahman Sabbah
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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.”
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UAE currency: the story behind the money in your pockets
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RESULTS
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