Police in Abu Dhabi have urged parents to step up safety measures at their homes to prevent the needless deaths of children in falls from apartment blocks.
Numbers of such fatalities have long been a source of concern across the Emirates, where many people reside in high-rise buildings.
Police said residents can prevent further tragedy by taking simple steps such as installing balcony guards and window restrictors and ensuring large furniture items are not placed close to balconies to avoid children climbing on them to reach greater heights.
In a safety message issued on social media, the force advised residents to keep access to balcony areas limited and lock windows and warned even a "moment of negligence" can cost lives.
A recent accident was caused by playfully holding a child in front of a window that was not securely closed, police said.
"The person holding the child may think they are holding them tight, but they could lose control and the child could fatally slip,' police said in a statement.
“A moment of negligence or absent-mindedness has caused the loss of many children’s lives."
In March, a six-year-old autistic boy fell to his death from an 11th floor balcony in Sharjah.
The boy reportedly climbed a chair in the balcony and fell. The mother said she did not notice the child sneaking out.
In September last year, a secondary-school girl was also reported to have fallen from her school balcony in Abu Dhabi.
In such instances, parents are immediately investigated by the police and could face charges.
However, in many cases the parents are not taken to court because it is difficult to prove that the parents were actually responsible for the accident, a senior Dubai prosecutor previously told The National.
“If a child is metres away from his parents, falls and then is critically injured, its quite tough to blame the parents,” said Mohammed Rustom, head of Dubai's family and juvenile prosecution division.
“We can't be emotional, we have to be practical and as per law, find evidence to establish presence of negligence.”
The UAE child protection law states that a child caregiver is prohibited from subjecting the child to neglect or abandonment and from leaving him without supervision or follow-up, or fail to or refrain from providing guidance.
Those flouting the law could either face imprisonment, a Dh5,000 fine, or both.
Window-guards could be in the form of metal bars placed outside a window to prevent a child from being able to get through.
Parents could also install locks on the window-handles, or thin metal-nets outside a balcony.
Constance Arturo, a mother of three, said she installed bars outside her window even before her daughter could walk.
“Why wait until she can climb things and then suffer the consequences?” said the 34-year-old housewife from Lebanon.
“I have a big couch in front of the living-room window, so she could easily climb it and jump.
"I live in a normal building made of bricks, so it was easy to install bars," she said.
“I just went to a steel and aluminium company to order it, they sent a representative to measure the windows and after three days it was ready.”
The price was also quite reasonable, she said.
“I installed it for the living room window and the girls’ bedroom, it cost around Dh800 in total.”
Mrs Arturo said she did not have to take the permission of the landlord before installing the guard because the bars can be easily removed.
“However, I don’t think it is possible for people who live in high-rise buildings with glass windows to apply such guards by themselves.
“I have friends like that who ended up locking the windows altogether, one family even broke the window handles and removed them.”
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
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Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
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Opening Rugby Championship fixtures:Games can be watched on OSN Sports
Saturday: Australia v New Zealand, Sydney, 1pm (UAE)
Sunday: South Africa v Argentina, Port Elizabeth, 11pm (UAE)
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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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First Person
Richard Flanagan
Chatto & Windus
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
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Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
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The Melbourne Mercer Global Pension Index
The Melbourne Mercer Global Pension Index
Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.
The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.
“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.
“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”
Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.
Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.
“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.
Squid Game season two
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