FNC to discuss measures to fight Mers in UAE



ABU DHABI // The Ministry of Health’s plans to fight and prevent Mers and the deterioration of health services in the Northern Emirates are among the issues that will be discussed by the FNC on Tuesday.

In light of the number of cases of Mers in the country and the region, Rashid Al Shuraiqi sent a question to Minister of Health, Abdulrahman Al Owais, asking him about the measures the country is taking to prevent and fight the respiratory disease.

Dr Shaikha Al Irri has questioned the health minister about the quality of health care in the Northern Emirates. Her question said: “The hospitals located in the Northern Emirates are suffering from poor health services being provided to the patients staying there. So what is the ministry’s plan to improve the level of these services?”

She said many Emiratis have complained about services at these hospitals “that are under the Ministry of Health and they do not suit the vision of the country”.

A new condition of the Marriage Fund, that cancels a payout for citizens who are getting married if they earn over a certain amount, will also be discussed.

FNC member Mohammed Al Qubaisi will be discussing the issue with the chief executive of the fund, Dr Maitha Al Shamsi.

They will also discuss an executive order from 2012 that made it compulsory for women to be represented on the executive boards of all government authorities and companies in the country.

“So what are the measures that have been taken to activate this decision?” Ali Al Nuaimi has said in a question to Mohammed Abdullah Al Gargawi, the Minister of Cabinet Affairs.

The member said he wants to know how they can get more women involved in decision making.

Mr Al Qubaisi has also asked the Minister of Education, Humaid Mohammed Obaid Al Qatami, about the reasons behind the constant changes in private schools’ curriculums.

“The teachers and students in private education suffer from the continuous change ... what are the reasons behind these changes and why doesn’t the ministry set a unified guide for curriculums for all private schools to follow?” he said.

He added that he has specific questions that he needs to raise with the minister face-to-face to make sure that the ministry was fulfilling its role in monitoring private educational institutions and making sure they do not breech their commitments and guidelines.

Marwan bin Ghlaitha asked Mr Al Gargawi about the 2011–2013 strategic plans for ministries and federal authorities. “It included a number of projects and executive programmes. What were the results of evaluation reports conducted on the projects and programmes during those years?”

Dr Shikha Al Irri has asked about making Ishy Bilady the country’s national anthem. She said she had continually put this question to officials, without getting an answer.

Directing the question at Mr Al Gargawi, she asked: “Article 5 of the Constitution says the Union should have its own slogan and national anthem. So why has no national anthem been officially confirmed until now?”

hdajani@thenational.ae

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Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

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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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
UAE - India ties

The UAE is India’s third-largest trade partner after the US and China

Annual bilateral trade between India and the UAE has crossed US$ 60 billion

The UAE is the fourth-largest exporter of crude oil for India

Indians comprise the largest community with 3.3 million residents in the UAE

Indian Prime Minister Narendra Modi first visited the UAE in August 2015

His visit on August 23-24 will be the third in four years

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016

Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017

Modi will visit Bahrain on August 24-25

Our legal consultant

Name: Dr Hassan Mohsen Elhais

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

Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
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COMPANY PROFILE
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Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.