Abu Dhabi Police to hand out iftars in bid to make capital's roads safer



ABU DHABI // Iftar meals will be distributed to motorists at major intersections in Abu Dhabi city throughout Ramadan to increase road safety, traffic police say.

Food will also be distributed in Al Ain and at the entrance to Al Gharbia, officials said.

The initiative is part of efforts to ensure the smooth flow of traffic on the roads, said Col Mohammad Rashid Al Shamsi, the head of traffic control with the Abu Dhabi Police.

Last Ramadan there were 52 accidents in the emirate, in which 42 people were hurt or killed.

Col Al Shamsi said patrols would be intensified around crowded areas in the holy month, including shopping centres, grocery stores and mosques.

Lorries and vehicles weighing more than 2.5 tonnes will not be permitted to enter the city from 7am to 9.30am, and 1pm to 3pm.

Motorists describe driving during Ramadan as a "frightening experience".

"I avoid it as much as I can, especially right before iftar," said Reem Shamoun, a Jordanian public relations manager. "People go crazy on the streets, speeding and driving in a reckless manner and cursing each other. It's insane."

Experts agree improper fasting can lead to increased aggression on the roads.

"At the best of times, driving is a risky behaviour," said Dolly Habbal, a clinical psychologist at the Gulf Diagnostic Centre.

"So imagine being on the streets with thousands of drivers, all hungry, tired, severe nicotine deprivation, and all trying to make their destination at the same minute."

But the factors that lead to risky driving behaviour, including fatigue, aggression and anxiety, can be avoided if people maintain a healthy fasting routine.

Sufficient sleep and daily exercise are especially important during this month, Dr Habbal said.

"These two strategies are strongly recommended as they help the brain secrete endorphins, which are considered important to reduce irritability and stress and enhance the mood," she said.

A proper diet during iftar and suhoor meals can help maintain energy levels for the following day and help drivers avoid fatigue, said Hala Abu Taha, a dietitian at Right-Bite.

"Our liver has reserves for glucose, which provides us with energy," Dr Abu Taha said. "So it's important that we always have enough glucose stored in the body."

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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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