Among the 2.27 million people globally who have died of Covid-19 in the last year, countless families have lost a beloved elderly relative. Even as vaccines are being rolled out, the lives of precious grandparents and parents are still at risk – or being lost to the virus, causing widespread and unexpected sorrow for families across the world.
When we lose older people, we are bereft of not only their company but also a part of our own personal histories. Narratives that shape younger generations recede into the background. Which is one reason why it is so important right now to record our oral histories while we still have time.
Life for so many people seems to have slowed during the lockdown. And as restrictions endure in so many countries, storytelling can be a way to fill our days with meaning. It is good use of time to examine important questions: how did we get here, what shaped our families, our culture, our personalities? Oral histories of families will rarely be captured by the grand sweep of history text books. But in terms of placing ourselves in a context, family stories will arguably always have more meaning to us than any formal records.
There is a modern trend to get DNA tests done to find out about our ancestry. But why start so far? What about the stories that surround us and we don’t know anything about? When will we have this much time and opportunity to explore those?
Even as adults, we often need to create our own worlds. From time to time we all need solace, and not just when we are bereaved. Hearing family anecdotes passed down from generations addresses that need in us all. It is wise to capture the stories while we have our loved ones, rather than mourn them when it is too late. There is no time like the present to ask our elders about their lives and listen to their experiences, their memories of the people who shaped them and made them who they are.
In the last year, many children have had limited access to grandparents, uncles, aunts – all of whom help establish their place in the world. These bonds would normally be built by social events and community interactions, which have been drastically cut.
Recounting stories is a powerful way to recreate these essential bonds between younger generations and elders, bonds that may have been fractured by the distance caused by Covid-19. Which child doesn’t love to hear stories? And which grandparent doesn’t love to see the wonder on the faces of the young? It just needs a prompt for them to open up to each other. Storytelling sessions are one way to make children understand that ‘old’ people too have lived rich lives. That they have experienced adventures and feelings we may not necessarily associate with them. Oral histories carry immense value. And talking about the past, being together and handing down family lore establishes a healthy understanding of age and perspective.
Storytelling allows us to see our elders in a different light, as people who had dreams, aspirations and challenges, unimaginable in today's contex
This is good for children and it helps the elderly feel wanted and loved. For many people, memories of their younger years are often their strongest and they become most animated when telling them. Engaging our elders in conversation is a way to help them through feeling low during lockdown. And often, such conversations require sensitivity and courage, especially if family histories open old wounds. Stories of war, partition, displacement, suffering and loss are not easy to delve into. But broaching these topics, showing interest, engagement, can bring great joy, mutual respect and a sense of well-being to families.
Such projects – creating records of our elders, filming them being nostalgic about their youth – are a great boon. Often this documentation is a balm when families lose their elders. Often this documentation is a balm when families lose their elders. And the records we keep now can benefit future generations in the family.
The child who might have been unborn – or too young when he lost his grandparent – might grow into a teenager who wants to know what his nana was like in her twenties. One could start by drawing family trees and sorting out those sepia-tinted family photographs that one always intended to digitise or by salvaging old VHS tapes and projector reels.
Young children can begin by asking their parents or grandparents to describe what they were like at their age and what they did for fun. Older and adult children can probe further, about challenges the elders faced when they were making their way in the world, or what was happening in the world at the time, what were the most exciting and most difficult things they faced, and so on.
Children and grandchildren need to be nourished by understanding their roots. To leave them with a vacuum about their histories is to render them with an incomplete upbringing. Storytelling within families allows us to see our elders in a different light, as people who had dreams, aspirations and challenges that might be unimaginable in today's context. Their stories might even explain some of their thinking and behaviour. With any luck, it might lend us insight into how we create our own future histories by understanding our past.
Shelina Janmohamed is an author and a culture columnist for The National
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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Villarreal (ESP) v Juventus (ITA)
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Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
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Forced%20Deportations
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Violence%20
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Revival
Eminem
Interscope
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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JOKE'S%20ON%20YOU
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UAE currency: the story behind the money in your pockets
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.