Al Ain Municipality say performing any medical procedure in a veterinary pharmacy is illegal.
Al Ain Municipality say performing any medical procedure in a veterinary pharmacy is illegal.

Al Ain pet pharmacies carry out illegal surgeries



AL AIN // Unauthorised staff at some of the city's veterinary pharmacies have been spaying and neutering pets on makeshift operating tables, causing permanent damage and sometimes death to the animals. The National found pharmacists willing to spay a female cat at four of 11 such establishments in a row along Al Surooj Street, near central Al Ain. In addition to lacking a licence to perform such procedures, the pharmacies also lacked sterile facilities.

One of the willing pharmacists, who said he would perform the operation for Dh125 (US$34), pointed to a metal desk in the corner. "I'll remove the clutter, dust it off, and perform the surgery there," he said. Ziad Ali, the manager at Al Rawda Veterinary Centre, Al Ain's only animal clinic and hospital, said people should only take their pets to licensed veterinarians. He has seen first-hand what happens to animals taken to some of Al Sarooj Street's pharmacies by owners who are either trying to save money or do not know better.

"Some [animals] died as a result," said Mr Ali. "On many occasions, pet owners have brought their animals to us with severe infections that required hospitalisation. When our veterinarians asked them where they had the surgeries performed, they told us one of the pharmacies on Al Sarooj Street." A veterinarian at Al Nawdir for Veterinary Medicine and Equipment, one of the pharmacies that would not perform the spaying procedure, explained that the surgeries were being done as a way to sell medications to the animal's owners.

"They are doing this for sales," said Mohammed al Nakeep. "What's used in the procedure depends on what the surgery involves. "By sending pet owners away to a veterinarian, they are losing the sale of the products that are going to be used in the surgery and the cost of the surgery itself." One pharmacist who offered to conduct the procedure later admitted doing so would have been illegal. The pharmacy was not registered as a clinic by the Ministry of Environment and Water, and he did not have a license to practice veterinary medicine.

"I graduated from veterinary school in 1993 in Egypt, but couldn't get a license as a veterinary doctor in the UAE because of the high standards in place here," he said. "I shouldn't have said I would do the surgery." Performing any medical procedure in a store is illegal and can result in the business being fined, said Hassan al Kaabi, Al Ain Municipality's chief public health inspector. "The business has to be licensed as a veterinary clinic with a proper place for surgeries," Mr al Kaabi said. "Performing surgeries in public areas is a health risk to the public, and illegal."

A spokesman for the Ministry of Environment and Water, which oversees veterinary establishments, said they can be licensed three ways: as a pharmacy, as a supplier of veterinary products to pharmacies, or as a clinic or hospital. "For a veterinarian to be licensed, he has to have a minimum of five years experience and pass the Ministry's examinations," said the spokesman. "For a clinic to be licensed, it has to have one veterinarian and the equipment and facilities to perform veterinary procedures."

Any pharmacist caught doing veterinary work during random Government inspections faces large fines and having their business license suspended, said the Ministry staffer. ealghalib@thenational.ae

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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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UAE currency: the story behind the money in your pockets
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Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

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