DUBAI // Older women looking to conceive through IVF are taking extra risks by going to clinics offering cheaper prices, a leading fertility doctor has said.
Some clinics can charge as much as Dh45,000 for a single cycle of IVF treatment, but smaller centres are offering the same course of fertilisation for less than half of that.
Dr Pankaj Shrivastav, director of Conceive Fertility Hospital in Jumeirah Lakes Towers, said all clinics were licensed but smaller centres with inexperienced staff offering cheap services could be risky.
“In complication cases, most women would have come from the smaller clinics,” said Dr Shrivastav, who established the UAE’s first government fertility unit.
“One issue is hyper-stimulation, where the woman makes a huge number of eggs and her ovaries become very large.
“She can end up in intensive care. Deaths have been reported in Dubai from this.”
The emotional trauma of not becoming pregnant because of complications through faulty equipment is also a problem, Dr Shrivastav said.
Rates of infertility in women increase with age.
At a pregnancy conference supported by the Ministry of Health this week, doctors from the Dubai Gynaecology and Fertility Centre said women aged 40 to 44 had a 29 per cent risk of being infertile, and women aged 35 to 39 were 22 per cent more likely.
Those aged 30 to 34 were said to have a 15 per cent chance of infertility – twice that of those aged 25 to 29.
Success rates for IVF also largely depend on age. In women under 30 there is a 50 per cent success rate, but at 40 there is a 20 per cent chance of conception and between 5 and 10 per cent for those over 43.
Incubators used for IVF cost about Dh100,000. Micro-manipulators to inject individual sperm into an egg are also expensive, at Dh200,000.
“If an incubator is faulty I would call an engineer and have it replaced immediately,” Dr Shrivastav said.
“Smaller clinics may not have the means to buy a replacement, but still stay open.”
The law is very clear on licensing, with strict requirements on staff levels, qualifications and equipment.
Dr Awatif Al Bahar, a senior consultant at Dubai Gynaecology and Fertility Centre who is also the head of the IVF board in the UAE, said there were many options for older women.
“IVF is free for locals through the Dubai Health Authority and Sharjah University is also to open an IVF centre,” Dr Al Bahar said.
Women can improve their chances of conceiving naturally by staying healthy and exercising regularly. Medication can also affect fertility, particularly steroids.
South African bank worker Belinda Schmarr, who has had two children through IVF clinics in Sharjah and Dubai, said she was made fully aware of the risks and success rates by doctors.
In Dubai, Ms Schmarr’s procedure cost Dh40,000, but just Dh20,000 in Sharjah.
“I was 33 when I had my first child and 36 for the second,” she said. “The clinics I chose were recommended first in Dubai by my doctor and then by a work friend in Sharjah for my second child.
“I had little knowledge of the process the first time around in 2010. You are treated like cattle.
“There were a lot of blood tests and it was very expensive in Dubai. I had to inject myself everyday with hormones.”
nwebster@thenational.ae
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Read more from Kareem Shaheen
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.”
UAE currency: the story behind the money in your pockets
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
ESSENTIALS
The flights
Fly Etihad or Emirates from the UAE to Moscow from 2,763 return per person return including taxes.
Where to stay
Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.
Prop idols
Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.
Sophie Shams (Dubai Exiles mini, England sevens international)
An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.
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Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)
Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.
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Erin King (Dubai Hurricanes mini, Ireland sevens international)
Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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