Last week, the women and girls of Afghanistan were dealt another low blow when their hopes to return to secondary school were dashed. Seven months after the withdrawal of foreign forces, collapse of the government, takeover by the Taliban and economic paralysis, their one hope remaining has been ruined.
More than half of the 23 million people in Afghanistan suffering acute food insecurity are women and girls. They are suffering the immeasurable and inhumane physical and mental burden of hunger and discrimination. Adolescent girls are locked out of school, women are unable to work. They rightly wonder if they are being punished even though they have had so little say in their fate.
In advance of the UN pledging conference on Afghanistan, to be held on March 31, I urge the international community to reassure the women and girls of Afghanistan that they have not been left to fend for themselves. Support the UN to alleviate the dreadful suffering of hunger with levels of resources commensurate to the needs. Support us to keep women and girls’ dreams and voices alive. Support us by boosting livelihoods and resilience programmes, nutrition, education and school meals; programmes shaped in and owned by the communities for their communities. These are programmes that bring hope and potential and with this the possibility of a pathway to stability and prosperity, a peace dividend for Afghanistan and all its people equally.
Since August 2021, we have witnessed a crisis of unprecedented scale and depth engulf Afghanistan and its people. Widespread hunger has gripped the country with equal severity in rural and urban areas. Mothers across the country are witnessing their young children fall ill to malnutrition. I met many of these mothers sitting at the edge of an overcrowded bed in overcrowded hospital wards praying that their children would pull through. They are mothers struggling to understand how peace after so many decades of war could be like this. In February, almost 400,000 children under the age of five have been treated for malnutrition, up from 150,000 in January.
I've met many mothers in overcrowded hospital wards praying that their children would pull through
Afghanistan is, sadly, home to the highest percentage of widows in the world. It is estimated that there are over 700,000 of them, according to the Afghanistan Living Conditions Survey published by the country’s previous government. Women, young and old, struggle to raise a family alone – the price of war, the price of inhumanity. Many young, educated women are the only bread winners in their households.
These women, mothers and daughters – often the heads of their households – are impacted most by the nexus of economic shocks, drought and ideological barbarity. The UN World Food Programme’s most recent rapid food security assessment found that female-headed households are struggling the most. Many of these households (85 per cent) are resorting to drastic measures to feed their families, compared to 62 per cent for male-headed households. With each passing month of the crisis, incomes continue to drop, diet quality decreases and the amount of food consumed at household level reduces.
Nowruz, the new solar year and the first day of spring, was celebrated on March 21. With spring comes new life and crop seeds bursting through the earth, growing and maturing before the harvest, which is expected in June and July. The harvest is still three months way, and it will bring some relief for those fortunate enough to have access to seeds. But much of it is already mortgaged, as households borrow against it to feed their families. The humanitarian crisis is not over, as there has been no let-up on the economic crisis.
Yes, the discussions and debates on Afghanistan are complex and challenging, no more so than after the events of recent days. We must and will continue to advocate and challenge for the rights of women and girls. The young girls turned away from school last week and the rest of the children of Afghanistan must be allowed to flourish and grow for sake of the country. The international community cannot and must not reduce its support to the people of Afghanistan.
The WFP continues to scale up its programmes across country. The world must help us push back the scourge of hunger and malnutrition to save lives. It must help us continue with critical resilience and school meals programmes to change lives for the wellbeing and prosperity of the people of Afghanistan.
“You may trod me in the very dirt, but still, like dust, I’ll rise”. I hope the words of the wonderful woman and poet Maya Angelou might yet prove true for the women and girls of Afghanistan.
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.”
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
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Saturday
West Ham United v Tottenham Hotspur (3.30pm)
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Everton v Bournemouth (7pm)
Manchester City v Crystal Palace (7pm)
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Sunday
Brighton and Hove Albion v Newcastle United (7pm)
Monday
Arsenal v West Bromwich Albion (11pm)
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
UAE squad to face Ireland
Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind
Specs
Engine: 3.0L twin-turbo V6
Gearbox: 10-speed automatic
Power: 405hp at 5,500rpm
Torque: 562Nm at 3,000rpm
Fuel economy, combined: 11.2L/100km
Price: From Dh292,845 (Reserve); from Dh320,145 (Presidential)
On sale: Now
UAE currency: the story behind the money in your pockets
'Operation Mincemeat'
Director: John Madden
Cast: Colin Firth, Matthew Macfayden, Kelly Macdonald and Penelope Wilton
Rating: 4/5
57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
The Rub of Time: Bellow, Nabokov, Hitchens, Travolta, Trump and Other Pieces 1986-2016
Martin Amis,
Jonathan Cape
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%209
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
How to help
Call the hotline on 0502955999 or send "thenational" to the following numbers:
2289 - Dh10
2252 - Dh50
6025 - Dh20
6027 - Dh100
6026 - Dh200
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
How Islam's view of posthumous transplant surgery changed
Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.
Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.
The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.
One school of thought viewed the removal of organs after death as equally impermissible.
That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.