ABU DHABI // Many female Emiratis are as keen as men to enlist for national service, believing it will benefit themselves and society.
As the first batch of male recruits prepares to begin their national service next month, the Khawla bint Al Azwar Military School, the first military college for women in the Arabian Gulf, is gearing up to welcome female recruits for the nine-month military training under the national and reserve service law.
Military service is compulsory for some men but it is optional for women aged 18 to 30, provided they have their parents’ consent.
Abeer A, a 25-year-old Emirati graduate who is a civil servant, said military service was an opportunity to give back to the community.
“I think it’s a sense of pride and patriotism mostly,” she said. “When you think about the training and what you get outside of the training, you really do grow as a person in all aspects.”
Having spent most of her life in the United States after completing secondary school, she said she was impressed by the changes in the UAE. So she wanted to show her patriotism by enlisting for military service.
She has missed the deadline to do so this year, but plans to sign up next year. “The country has changed, the way it’s progressed has helped people,” said Abeer.
“It’s the least anyone can do, to serve. My family was telling me that if I do train, I might get called up to fight. But I’ll do it gladly. I won’t even blink.”
Abeer believes that many Emirati women would benefit from receiving military training.
“This kind of training will empower our women and strengthen us to take on any challenge thrown our way,” she said.
“People live in a bubble, but once we get into a place like the army, it’s a challenge that won’t be easy. And I’ll be able to learn and live with people from all over the UAE.”
She also thinks that the military will help to improve her interpersonal skills.
“You learn so much. Aside from learning how to deal with weapons, I’ll learn to deal with different kinds of people, which are discipline and skills that will benefit me in my professional and day-to-day life,” she said.
Being a regular gym patron and a certified crossfit trainer, Abeer said the military training would help her achieve her fitness goals.
“Then there’s the physical aspect, where you are training and getting healthier, learning how to fight and how to defend yourself,” she said.
“I think the only thing that would hold anyone back is that you’d be away from family, and if you’re called to go into battle.”
During the three-month-long basic training, the first two weeks will be spent at Khawla bint Al Azwar Military School
Conscripts will subsequently be released at the weekends.
Lt Col Afra Al Falasi, the military school’s commander, said the UAE leadership wanted to empower Emirati women so that they could be on an equal footing with their male compatriots in serving the nation.
“Women are today holding leadership roles, and the Federal Law on national and reserve service has opened the door for them to contribute, along with men, in the development of the nation,” she said.
nalwasmi@thenational.ae
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AT4 Ultimate, as tested
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Director: Kangana Ranaut
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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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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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How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
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
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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