Age is no barrier to bullying, UAE experts say



ABU DHABI // Experts say that even toddlers are not immune from bullying, depression and phobias.

“Bullying happens at all ages. More than one mum in a parenting course has complained that her toddler is ... [bitten or pinched] by another toddler,” said Elmarie van Heerden.

“Any change in behaviour and emotions is indicative of the presence of problems in a child’s life.” Parents need to pay attention if children become aggressive, wet the bed, isolate themselves or fall behind in their schoolwork.

“By empowering them to be confident and assert themselves, parents can prevent their children from being bullied and from taking on the bully role,” Ms van Heerden said.

Dr Dolly Habbal said: “Parents take symptoms lightly. Social isolation, school phobia, crying, not wanting to go to school, involuntary urinating and vomiting are all indicative that a child is being bullied. Parents should be aware of these.

“Many times parents don’t think they need take to their child to a psychologist.”

She said that some of her young patients, aged seven to 10, have missed an entire term because they were afraid to go to school. When a parent allows this, it reinforces the fear.

Parents need to be informed and aware that bullying can start at a very young age.

“Children who face bullies are at higher risk of anxiety and depression. The emotional and long-term impacts can last for years, till the mid-20s, and it can lead to suicide or substance abuse,” she said.

Bullying in the short term disempowers children and leaves them frustrated, isolated and filled with self doubt. They lack the confidence to approach potential friends for fear of being rejected. If not acknowledged childhood problems can be carried into adulthood.

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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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Started: 2021
 
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Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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Date Started: May 2015

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Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

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