UAE authorities have called on the public to adhere to safety measures while celebrating Eid Al Adha, after revealing that 47 people in one family contracted the virus because they gathered together.
Abdulrahman Al Owais, Minister of Health and Prevention, said it was the responsibility of Emiratis and residents to uphold physical distancing, wear face masks and maintain good personal hygiene, describing these acts as “a national duty and obligation”.
He called on the public not to undo the good work of the “frontline heroes”, which is evidenced by the decrease in daily case numbers and increase in overall recoveries.
“These are hard times, it’s true, but hopefully we will celebrate occasions [such as Eid Al Adha] as we did previously, in future,” Mr Al Owais said during a televised address.
“The measures are simple but leave a positive impact. We cannot waste our progress.”
The measures are simple but leave a positive impact. We cannot waste our progress
Authorities revealed that five outbreaks of Covid-19 were traced to family events, with 47 infections in one family alone.
Some caught the virus at a wedding, while others attended a funeral and did not follow safety measures prescribed by the government.
Dr Omar Al Hammadi, a spokesman for the weekly government media briefing, said hefty fines would be imposed on those found not observing physical distancing for the duration of Eid Al Adha.
“During Eid, we kindly ask you to comply with precautionary measures and congratulate others with words [rather than embracing family],” he said.
Dr Al Hammadi said visits must be limited to first and second-degree relatives and that people should wear face masks and keep a minimum distance of two metres from one another.
He said families must be extra-careful around people in high-risk categories, such as pregnant women, the elderly and people with certain pre-existing conditions.
Families should also refrain from giving children gifts, he said.
“Despite positive indicators, we must still implement these safety measures to curb the spread of the virus. We are still monitoring and recording infections within families because of gatherings and failure to adhere to rules. These gatherings do not help because families do not wear masks,” he said.
Dr Al Hammadi called on parents to closely monitor their children, who may show only mild symptoms of the virus or be entirely asymptomatic.
He said infants were likely to suffer more severe symptoms due to their underdeveloped immune systems.
“Children learn from adults and we must be role models for them by adhering to measures and practising personal hygiene,” he said.
Asked whether men were more likely to contract Covid-19 than women, Dr Al Hammadi said that global figures show that the majority of coronavirus patients were men.
“We have noticed that the largest number of cases are in men and the death rate is higher among men than in women,” he said.
Dr Al Hammadi said many social and biological factors influence who contracts the virus and how they are affected.
“Some studies showed that men are more likely to have heart disease or diabetes. Men smoke more than women, so the impact will be greater on them than in women,” he said.
He said women often had stronger immune systems than men.
“Men are more engaged in social activities and are therefore more exposed.”
Despite the prevalence among men, he said it was impossible to draw a direct link between someone’s sex and their susceptibility to the virus because many variables are involved.
He said people who smoke were more likely to contract Covid-19 and have more severe symptoms.
“Smoking does effect the chances of recovery and leads to complications since Covid-19 is a respiratory disease. If lungs are damaged by smoking then they are less likely to completely recover.”
He said the recovery period was different for each patient and depended on their age, health and how quickly the virus was diagnosed.
On Monday, the UAE identified 264 new cases of the coronavirus after conducting 47,299 more tests.
The new infections raised the country’s tally to 59,177. Authorities said 328 people recovered from the virus while one patient died due to complications.
As it stands, 52,510 people in the UAE have recovered from Covid-19 and the country’s death toll has reached 352. The number of active cases is currently 6,322.
Since the outbreak, more than 4.8 million coronavirus tests have been conducted across the Emirates.
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.”
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
RESULTS
5pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (Dirt) 1,400m
Winner: Yas Xmnsor, Sean Kirrane (jockey), Khalifa Al Neyadi (trainer)
5.30pm: Falaj Hazza – Handicap (PA) Dh70,000 (D) 1,600m
Winner: Arim W’Rsan, Dane O’Neill, Jaci Wickham
6pm: Al Basrah – Maiden (PA) Dh70,000 (D) 1,800m
Winner: Kalifano De Ghazal, Abdul Aziz Al Balushi, Helal Al Alawi
6.30pm: Oud Al Touba – Handicap (PA) Dh70,000 (D) 1,800m
Winner: Pharitz Oubai, Sean Kirrane, Ibrahim Al Hadhrami
7pm: Sieh bin Amaar – Conditions (PA) Dh80,000 (D) 1,800m
Winner: Oxord, Richard Mullen, Abdalla Al Hammadi
7.30pm: Jebel Hafeet – Conditions (PA) Dh85,000 (D) 2,000m
Winner: AF Ramz, Sean Kirrane, Khalifa Al Neyadi
8pm: Al Saad – Handicap (TB) Dh70,000 (D) 2,000m
Winner: Sea Skimmer, Gabriele Malune, Kareem Ramadan
A list of the animal rescue organisations in the UAE
RESULT
Manchester United 2 Burnley 2
Man United: Lingard (53', 90' 1)
Burnley: Barnes (3'), Defour (36')
Man of the Match: Jesse Lingard (Manchester United)
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
2pm: Al Sahel Contracting Company – Maiden (PA) Dh50,000 (Dirt) 1,200m; Winner: AF Mutakafel, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
2.30pm: Dubai Real Estate Centre – Maiden (TB) Dh60,000 (D) 1,200m; Winner: El Baareq, Antonio Fresu, Rashed Bouresly
3pm: Shadwell – Rated Conditions (TB) Dh100,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson
3.30pm: Keeneland – Handicap (TB) Dh84,000 (D) 1,000m; Winner: Alkaraama, Dane O’Neill, Musabah Al Muhairi
4pm: Keeneland – Handicap (TB) Dh76,000 (D) 1,800m; Winner: Lady Snazz, Saif Al Balushi, Bhupat Seemar
4.30pm: Hive – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Down On Da Bayou, Royston Ffrench, Salem bin Ghadayer
5pm: Dubai Real Estate Centre – (TB) Handicap Dh64,000 (D) 1,600m; Winner: Lahmoom, Royston Ffrench, Salem bin Ghadayer