Tariq Al Gurg, chief executive of Dubai Cares, on a visit to Indonesia where his organisation completed several water projects to prevent the spread of disease among children. Courtesy Dubai Cares
Tariq Al Gurg, chief executive of Dubai Cares, on a visit to Indonesia where his organisation completed several water projects to prevent the spread of disease among children. Courtesy Dubai Cares
Tariq Al Gurg, chief executive of Dubai Cares, on a visit to Indonesia where his organisation completed several water projects to prevent the spread of disease among children. Courtesy Dubai Cares
Tariq Al Gurg, chief executive of Dubai Cares, on a visit to Indonesia where his organisation completed several water projects to prevent the spread of disease among children. Courtesy Dubai Cares

Dubai charity conducts successful water and sanitation programme abroad


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DUBAI // A Dubai charity has completed water and sanitation projects in Indonesia and Sierra Leone, helping to improve the lives of youngsters in areas where poor hygiene and sanitation make it easy for infectious diseases to spread.

“Every year, millions of school-age children fall prey to diseases linked to poor water and sanitation that leave them weakened and unable to attend school on a regular basis or participate to their full potential,” said Tariq Al Gurg, the chief executive of Dubai Cares.

“The tragedy of the situation is that this could be easily prevented by enforcing sound hygiene and sanitation practices.

“Through our water, sanitation and hygiene [Wash] programmes in countries such as Indonesia and Sierra Leone, we are tackling the issue by changing student attitudes towards hygiene and showing them how an act as simple as washing their hands with soap will ensure better productivity at school.”

Dubai Cares has spent Dh20million promoting healthy sanitation habits to 90,000 school-age children in remote areas of Indonesia. A further 45,000 were reached through partnerships with Unicef, Care and Save the Children over the past two and a half years.

The initiative also prompted the Indonesian government to launch its own campaign in schools which, Mr Al Gurg said, had been one of the goals of the programme.

“One of our main objectives while implementing interventions is to get the local community and government to buy in and commit resources to the continuation of the programme after we have concluded it,” he said.

Dubai Cares worked with Unicef and Plan International to set up washing facilities at schools, providing direct access to 27,500 pupils. In addition, an education campaign on good sanitation and hygiene practices reached a further 99,250 pupils, their families and community members.

The charity also provided 2,520 teachers in 1,260 primary schools with information about hygiene, and cholera prevention and control.

According to Unicef, 2.5 billion people around the world lack proper sanitation facilities and 768 million still use unsafe sources of drinking water.

This has contributed to high mortality rates among children in many parts of the world and leads to decreased national productivity.

“Our Wash programmes strike at the heart of a problem that is seriously affecting attendance levels in schools across the world,” Mr Al Gurg said.

“Schools must be a safe haven for children to exercise their creative and intellectual capabilities and should adhere to high standards in sanitation and hygiene.

“Through our Wash programmes we are also using schools as a platform to encourage children and adults to incorporate hygienic practices into their everyday lives.”

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War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

TO%20CATCH%20A%20KILLER
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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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Results

6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m 

Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer) 

6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m 

Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor 

7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m 

Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer 

7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m 

Winner: Desert Fire, Hector Crouch, Saeed bin Suroor 

8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

Winner: Naval Crown, William Buick, Charlie Appleby 

8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

Winner: Al Tariq, Pat Dobbs, Doug Watsons 

9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m 

Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor