More kimchi, anyone? Reuters
More kimchi, anyone? Reuters
More kimchi, anyone? Reuters
More kimchi, anyone? Reuters


This Boxing Day, have an extra helping of pickled vegetables


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December 26, 2021

With a week to go until the start of 2022 – and so much demand for a better year ahead than the one we are leaving behind – the time is ripe for making New Year’s resolutions. Few lists will be significantly different than those of years past. Every year, polling companies find the most popular resolutions to be the same the world over: eating better, exercising more and losing weight.

It is hardly a wonder why; the holiday season at the end of December is, in many wealthier countries, responsible for up to half of the average weight gained over the course of the year.

In a world ridden with Covid-19, old ambitions for a slimmer waistline have gained a new urgency. Diet, exercise and overall fitness are major factors in staying healthy during this pandemic. Maintaining a healthy diet is arguably the trickiest of these, particularly so soon after one has spent days feasting on Christmas dinners, Boxing Day lunches and New Year’s brunches.

According to a new study carried out in the UAE, however, diet may play an even larger role than was previously thought in maintaining the body’s defences against Covid-19. Scientists at the University of Sharjah and Khalifa University of Science and Technology, among others, found that the make-up of the body’s gut microbiome – the ecosystem of bacteria inhabiting our bellies – may influence the severity of a Covid-19 infection.

In a world ridden with Covid-19, old ambitions for a slimmer waistline have gained a new urgency

It is a surprising hypothesis for what is primarily a respiratory disease. But the foreign bacteria residing in the gut, introduced there mainly through our food, play a role in fighting infections and helping to boost immune response.

Covid-19 can threaten these bacterial colonies directly, by entering a protein called the ACE2 receptor, which sits on the surface of many cells, including those found in the lungs and intestines. ACE2 receptors regulate gut bacteria, and so an invasion of Covid-19 virus particles has the potential to disrupt the gut microbiome, which could result in worse symptoms and a poorer immune response.

Maintaining a healthy microbiome, by eating nutritious and probiotic foods (ie, foods that promote the growth of good bacteria), can reduce the threat and long-term impact. Prof Tim Spector, a genetic epidemiologist at King’s College London, suggests that more plants and vegetables in one’s diet, and fewer processed foods, are an easy way to achieve this.

Most resolution-writers would respond by saying: “Tell me something I don’t know”. But there are other ways to improve one’s gut microbiome. Adding fermented foods to one’s diet – such as kimchi, miso, sauerkraut, pickled vegetables, kefir and yoghurt – is among the simplest. It is not a solution that is to everyone’s taste (although some will certainly be delighted). But part of the tradition of passing into a new year is to make necessary sacrifices, whether it is to absolve oneself of the guilt of a holiday season’s gluttony, or to ensure that each new year is happier – and healthier – than the last.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
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Range: Up to 610km

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World Series

Game 1: Red Sox 8, Dodgers 4
Game 2: Red Sox 4, Dodgers 2
Game 3: Saturday (UAE)

* if needed

Game 4: Sunday
Game 5: Monday
Game 6: Wednesday
Game 7: Thursday

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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Price, base / as tested Dh220,000 / Dh320,000

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Fuel economy, combined 14.1L / 100km

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Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

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UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

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.”

First Person
Richard Flanagan
Chatto & Windus 

Updated: December 26, 2021, 3:21 AM