Pedro Markus is helped by senior therapist James Diquiatco, from the Child Early Intervention Centre and Medical Centre, at his home in Dubai.
Pedro Markus is helped by senior therapist James Diquiatco, from the Child Early Intervention Centre and Medical Centre, at his home in Dubai.

Autistic boy's smile eases expat parents' burden



Pedro Markus's face lights up as guests fill his home. For his parents, that smile is worth every dirham they invest in their son's treatment.

Pedro, 6, received a diagnosis of autism when he was 2.

"When Pedro was a small baby I had too many questions in my mind," said Nadia Lindemayer, his mother. "He wouldn't breastfeed properly and would keep moving.

"He couldn't sleep and would leave all his toys and play with unusual objects, like a small piece of wood or kitchen utensils."

Friends and family members dismissed Pedro's behaviour as normal childhood conduct and try to put his mother at ease. But when he turned 2, the signs became clearer.

"He was always very hyperactive and would not respond when we called his name," Mrs Lindemayer said. "As a mother, I knew. I had this feeling inside that something was different."

The family, in their native Brazil at the time, found it difficult to get the help they needed, said Andreas Markus, Pedro's father.

"The only one who told us 'your son is probably autistic' was the neurologist," he said. "The psychologist and speech therapist didn't know what was happening or what they were doing."

A year later Mr Markus took a job in Dubai and they immediately searched for treatment centres.

The first place they went to was the Dubai Autism Centre, but they were placed on the waiting list.

Not wanting to waste any more time, they decided on the Child Early Intervention and Medical Centre, where Pedro had about 30 hours of therapy every week.

The boy gradually moved from the intervention centre to a place that sets up a school environment adapted to the needs of developmentally disabled children, and prepares them for inclusion in a regular school.

That programme and home sessions of applied-behaviour analysis, cost about Dh24,000 a month. Mr Markus's insurance does not cover the treatments.

"They told me it is not a medical condition," he said. "But it is a medical condition. It has a direct effect on my child's life."

The family spends another Dh4,000 a month on school materials, special foods and equipment for Pedro's treatment.

The centre recommends at least 30 hours of applied-behaviour analysis a week, but financial constraints limit the boy to between 15 and 20 hours.

"If we have more, we pay more," Mrs Lindemayer said. "His happiness and potential is worth it, and we have seen him slowly progress.

"He loves the water, loves playing in the pool and he's very affectionate, which is uncommon among autistic children.

"He's always hugging us or kissing us, very loving and playful."

The cost of Pedro's treatment do not allow room for saving and his parents often have sleepless nights worrying about the future.

Insurance, community donations and the establishment of more government-funded centres are needed to help families, Mr Markus said.

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

The specs

Engine: 1.8-litre 4-cyl turbo
Power: 190hp at 5,200rpm
Torque: 320Nm from 1,800-5,000rpm
Transmission: Seven-speed dual-clutch auto
Fuel consumption: 6.7L/100km
Price: From Dh111,195
On sale: Now

Sly Cooper and the Thievius Raccoonus

Developer: Sucker Punch Productions
Publisher: Sony Computer Entertainment
Console: PlayStation 2 to 5
Rating: 5/5

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

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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Developer: Ubisoft Bordeaux
Publisher: Ubisoft
Consoles: PlayStation 4&5, PC and Xbox Series S&X
Rating: 3.5/5

About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

Her most famous song

Aghadan Alqak (Would I Ever Find You Again)?

Would I ever find you again
You, the heaven of my love, my yearning and madness;
You, the kiss to my soul, my cheer and
sadness?
Would your lights ever break the night of my eyes again?
Would I ever find you again?
This world is volume and you're the notion,
This world is night and you're the lifetime,
This world is eyes and you're the vision,
This world is sky and you're the moon time,
Have mercy on the heart that belongs to you.

Lyrics: Al Hadi Adam; Composer: Mohammed Abdel Wahab

Newcastle United 0 Tottenham Hotspur 2
Tottenham (Alli 61'), Davies (70')
Red card Jonjo Shelvey (Newcastle)

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

'Falling for Christmas'

Director: Janeen Damian

Stars: Lindsay Lohan, Chord Overstreet, Jack Wagner, Aliana Lohan

Rating: 1/5

At a glance

Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free

Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland

UAE squad Rohan Mustafa (c), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan


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