Sheikh Mohamed bin Zayed praised healthcare workers last week during his virtual Ramadan Majlis and on Twitter, describing them as the embodiment of mercy and compassion.
"As we celebrate World Nurses Day, we salute our front line that faces the pandemic bravely. We pay tribute to them here in the UAE and the world.
“Their role is essential, and the sacrifice is great. They are truly the embodiment of mercy and compassion,” he said.
The English word compassion derives from the Latin compati, meaning to suffer with or suffer together. When we act compassionately we help ease the burdens of other beings.
Healthcare workers around the globe are alleviating the suffering of Covid-19 patients. As a consequence, they too, are suffering, embodying compassion in the original and truest sense of the word.
To understand the risks that healthcare workers and their families face, we only have to glance at the number of Covid-19 infections among them.
Oxford University’s Centre for Evidence-Based Medicine estimated healthcare workers may account for up to 30 per cent of all British infections. This is a group that makes up only six per cent of the UK workforce.
In one UK accident and emergency department, at Royal Gwent Hospital in Wales, almost half of employees tested positive for Covid-19. In Spain, as of March 25, there were 47,600 total cases of which 6,500 were in medical staff.
The psychological costs may be just as high and are likely to last long after the pandemic has passed
In short, 13.6 per cent of all cases were from a group that makes up only one per cent of the workforce. Last week, the International Council of Nurses proposed that at least 90,000 healthcare workers worldwide had been infected.
The ICN also suggested the actual figure might be twice as high, given that several nations have not yet reported the relevant data.
The high rate of infection among healthcare workers illustrates only the physical suffering that is being heroically endured.
The psychological costs may be equally high and are likely to last long after the pandemic has passed.
For evidence of this, we can look at the global outbreak in 2002-2004 of Sars (severe acute respiratory syndrome). Many researchers have called Sars the first pandemic of the 21st century – some also described it as a “mental health catastrophe”.
Numerous studies point to elevated levels of depression, post-traumatic stress and substance abuse among healthcare workers who treated Sars patients.
The same, of course, was true for patients who survived Sars, even years after full recovery from the virus. Furthermore, a study published in the International Journal of Geriatric Psychiatry reported a link between elevated rates of suicide among Hong Kong's elderly and the Sars outbreak.
Consider that global Sars cases numbered 8,098 with 774 deaths. Covid-19 stands at about 4.7 million cases, with more than 315,000 deaths.
There is a clear and present need for psychological support for healthcare workers, for those directly affected by the Covid-19 and for the public at large.
The UAE pre-emptively responded to this need back in 2016, when it appointed a Minister of State for Happiness.
This appointment underscored the UAE’s commitment to psychological wellness. During the unfolding of the Covid-19 pandemic, the UAE’s National Programme for Happiness and Well-being has launched numerous supportive initiatives, including the national campaign for mental support.
This project mainly involves connecting the general public with mental health specialists and through the innovative use of social media. I am honoured to have been involved in this programme and to have helped in some small way.
There is, however, much more to do if we are to avert a post-pandemic mental health catastrophe.
If compassion makes things better, then cruelty and unkindness make things worse. Unfortunately, the example of our compassionate healthcare workers is not being emulated by all.
Earlier this month, the UN Secretary General Antonio Guterres said the coronavirus pandemic was unleashing “a tsunami of hate and xenophobia, scapegoating and scaremongering”.
Referencing the rise in pandemic-related hate speech and hate crimes, the UN chief called for actions that “strengthen the immunity of our societies against the virus of hate”.
Last week Sheikh Nahyan bin Mubarak, the Minister of Tolerance, addressed the Prayer for Humanity session. This global initiative was an online meeting of religious leaders coming together to show mutual respect during this global crisis.
If tolerance and compassion towards ourselves and each other will help us through this trying time, it is these same qualities that will help us minimise the psychological after-effects of this pandemic.
Justin Thomas is a professor of psychology at Zayed University
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
Honeymoonish
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Arabian Gulf League fixtures:
Friday:
- Emirates v Hatta, 5.15pm
- Al Wahda v Al Dhafra, 5.25pm
- Al Ain v Shabab Al Ahli Dubai, 8.15pm
Saturday:
- Dibba v Ajman, 5.15pm
- Sharjah v Al Wasl, 5.20pm
- Al Jazira v Al Nasr, 8.15pm
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THREE
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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.”
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