A man gives blood in Arras, northern France. For the most part, the global supply of blood and plasma largely depends upon the goodwill of voluntary donors. AFP
A man gives blood in Arras, northern France. For the most part, the global supply of blood and plasma largely depends upon the goodwill of voluntary donors. AFP
A man gives blood in Arras, northern France. For the most part, the global supply of blood and plasma largely depends upon the goodwill of voluntary donors. AFP
A man gives blood in Arras, northern France. For the most part, the global supply of blood and plasma largely depends upon the goodwill of voluntary donors. AFP


Give blood – you never know when you'll need it


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June 29, 2023

Years ago, when working as a journalist in London, I told a colleague in passing that I was a regular blood donor. “Some people will do anything for a free biscuit,” he replied. Fair enough, I thought, I walked into that one.

That said, as I sat later in the West End Donor Centre, experiencing the peculiarly woozy feeling of watching the best part of a pint of blood leave my body, I felt something approaching, if not quite pride exactly, then a kind of virtue in doing something that might conceivably help to save someone’s life.

Donating blood is one of the most altruistic gestures we can make to our fellow human beings. Blood is a resource of critical, life-saving importance that cannot be manufactured and is always in demand. But it cannot be stored for very long and is frequently on the verge of running low. In poorer countries, it is children who need it most; in richer countries, it is older people that mostly receive it. Blood donation, storage and distribution is always a race against the clock, and a plentiful supply can be somewhat taken for granted by those of us blessed with good health. People with rare blood types are particularly vulnerable to shortages.

For the most part, the global supply of blood largely depends upon the goodwill of voluntary donors but when supplies run low it is perilous not only for people caught up in sudden and violent incidents, such as a traffic accident, but also for the millions more who are undergoing transplants, giving birth or suffering from chronic illnesses. People living with certain blood disorders such as beta thalassemia, which is prevalent in parts of the Middle East, often need regular transfusions – a requirement that can last their whole life.

A blood bank at a local hospital in Rwinkwavu, Rwanda. Blood donation, storage and distribution is always a race against the clock. Getty
A blood bank at a local hospital in Rwinkwavu, Rwanda. Blood donation, storage and distribution is always a race against the clock. Getty

That is why it was heartening to hear last week from Dr May Rouf, president and medical director of the Dubai Blood Donation Centre, who told The National that the number of young people giving blood in the emirate has risen by more than 10 per cent in three years and that people between the ages of 18 and 30 were responsible for nearly a quarter of all donations in 2022.

This bucks a trend identified by the World Health Organisation, which says the age profile of blood donors shows that “proportionally, more young people donate blood in low and middle-income countries than in high-income countries”. It also reveals the robust nature of blood supplies in the Emirates, with Dr Rouf pointing out that “the youth demographic aged between 18 and 30 years is the cornerstone of a sustainable and safe national blood donation programme”.

Although the UAE is fortunate in that it has systems in place to avoid running low on blood supplies – the Dubai centre operates an alert system that notifies staff when reserves of a certain blood type are dwindling – the stark reality is that, across the world, not nearly enough people who are able to donate, do so. This can leave supplies on a knife-edge.

This precarity is highlighted when an acute health emergency arises. The Covid pandemic stretched many countries’ blood supply networks to breaking point – the American Red Cross said it experienced its worst shortage in 10 years and in 2022 recorded a 34 per cent drop in the number of new donors compared to the previous year. In October 2021, the UK’s National Health Service Blood and Transplant authority declared a major incident in which supplies were at risk of dropping below two day’s worth.

The stark reality is that, across the world, not nearly enough people who are able to donate, do so

But even meeting the daily need for blood can be a challenge. A report earlier this month from Morocco said the country’s National Blood Transfusion and Hematology Centre was forced to launch a nationwide blood donation campaign amid a critical shortage that required more than 1,000 donations a day to meet demand.

The facts around donation paint a complex picture. Research says a willingness to donate blood varies by country and region – for example, a 2018 Ipsos MORI survey of more than 23,000 adults across 28 countries found that just 11 per cent of respondents in Japan said they donated regularly, although 58 per cent in Saudi Arabia said they frequently gave blood. The American Red Cross, which says it provides about 40 per cent of the country’s blood and blood components, says only 3 per cent of eligible Americans donate each year.

Age and sex also seem to play a role. According to an international report from the Association for the Advancement of Blood & Biotherapies, nearly 60 per cent of donations are made by donors over the age of 40. More donations came from donors who were between the ages of 50 and 59 at the time of donation than from any other single age group. The WHO says that while 33 per cent of donations come from women globally, in 15 countries, this figure is less than 10 per cent. A report published in the Saudi Journal of Biological Sciences in December found that of 342,460 donors just 2.51 per cent were female.

Nevertheless, some people are beyond conscientious when it comes to donating – for example, a 34-year-old Dubai resident called Roy Rajan overcame a phobia of needles and blood five years ago to become a regular donor. But there will always be a strong need for new and regular supplies – and this means getting more people to donate.

Making the process easier can help. In some countries, mobile blood banks allow supplies to be collected outside regular donation centres, and setting up an appointment can be as easy as sending a text message. Publicity campaigns are a year-round effort. But the idea that blood donation is a universal, civic and ethical duty needs to permeate our society. As good deeds go, taking a few minutes out of our day to roll up our sleeves and give blood once every few weeks is about as selfless as it gets.

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.”

Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%204-cylinder%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20101hp%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20135Nm%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%20Six-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh79%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
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Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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Director: Jamal Salem

Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman

Two stars

Best Foreign Language Film nominees

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Mission to Seafarers is one of the largest port-based welfare operators in the world.

It provided services to around 200 ports across 50 countries.

They also provide port chaplains to help them deliver professional welfare services.

ILT20%20UAE%20stars
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1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The specs

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Power: 502hp at 7,600rpm

Torque: 637Nm at 5,150rpm

Transmission: 8-speed dual-clutch auto

Price: from Dh317,671

On sale: now

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

PAKISTAN SQUAD

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Breast cancer in men: the facts

1) Breast cancer is men is rare but can develop rapidly. It usually occurs in those over the ages of 60, but can occasionally affect younger men.

2) Symptoms can include a lump, discharge, swollen glands or a rash. 

3) People with a history of cancer in the family can be more susceptible. 

4) Treatments include surgery and chemotherapy but early diagnosis is the key. 

5) Anyone concerned is urged to contact their doctor

 

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

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John Heminway, Knopff

Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm
Gully Boy

Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi​​​​​​​
Rating: 4/5 stars

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Updated: June 29, 2023, 7:00 AM