• Workers clean tables at the food court in Yas Mall. Victor Besa / The National
    Workers clean tables at the food court in Yas Mall. Victor Besa / The National
  • Safety precautions at The Westin Abu Dhabi Golf Resort & Spa. Victor Besa / The National
    Safety precautions at The Westin Abu Dhabi Golf Resort & Spa. Victor Besa / The National
  • Florists at Florette in Dubai prepare bouquets for delivery with Covid-19 prevention measures in place. Chris Whiteoak / The National
    Florists at Florette in Dubai prepare bouquets for delivery with Covid-19 prevention measures in place. Chris Whiteoak / The National
  • Florists at Florette in Dubai prepare bouquets for delivery with Covid-19 prevention measures in place. Chris Whiteoak / The National
    Florists at Florette in Dubai prepare bouquets for delivery with Covid-19 prevention measures in place. Chris Whiteoak / The National
  • Jasson Ramelo takes care of his stall at Jumeirah Fish Market. He says business has been slow since the outbreak.” Antonie Robertson / The National
    Jasson Ramelo takes care of his stall at Jumeirah Fish Market. He says business has been slow since the outbreak.” Antonie Robertson / The National
  • Jasson Ramelo tends to his stall at Jumeirah Fish Market. Antonie Robertson / The National
    Jasson Ramelo tends to his stall at Jumeirah Fish Market. Antonie Robertson / The National

Coronavirus: Younger people most affected by Covid-19 in UAE, says official


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Younger people are the most affected by Covid-19 in the UAE because they believe they are less likely to contract the virus, a senior health official said on Saturday.

Dr Farida Al Hosani, the official spokesperson for the UAE health sector, said people aged between 20 and 40 falsely believe they will not be infected because they have stronger immunity.

However, the onus is on all members of society to adhere to the safety precautions to protect themselves and others, she said.

"There is a pressing need to continue promoting awareness about the healthy practices related to preventing the spread of Covid-19.

"It has been noticed that the 20 to 40 age group is the most affected due to the wrong perception that their youth will protect them for being infected," said Dr Al Hosani.

She attributed the increase in the number of daily cases over the past few days to some people’s disregard for important preventive measures, including wearing face masks and physical distancing.

She said people were still engaging in social activities, including family gatherings, and were not keeping a safe distance from each other.

Authorities have consistently urged the public to avoid handshakes or other physical greetings to prevent the spread of the virus when gathering in small groups.

The UAE's daily case numbers rose above 400 again on Saturday, with 424 cases of Covid-19 identified.

It brought the country's total infections to 66,617 since the outbreak.

Over the past week, the daily figures have more than doubled from 210 cases with health authorities warning that penalties will be enforced against those who do not comply with safety measures.

On Thursday, the spokesman for the National Emergency Crisis and Disasters Management Authority said the UAE could bring back stay-at-home orders in some areas if case numbers continue to increase.

Dr Saif Al Dhaheri told Emarat TV that the current increase in daily infections was an indication of “complacency among the public” and urged the public to follow safety measures.

He said there would be a renewed effort to clamp down on those who breach safety measures designed to protect themselves and others.

Currently, fines for non-compliance range between Dh3,000 for not wearing a face mask or physical distancing, to Dh50,000 for not adhering to mandated home quarantine.

How tumultuous protests grew
  • A fuel tax protest by French drivers appealed to wider anti-government sentiment
  • Unlike previous French demonstrations there was no trade union or organised movement involved 
  • Demonstrators responded to online petitions and flooded squares to block traffic
  • At its height there were almost 300,000 on the streets in support
  • Named after the high visibility jackets that drivers must keep in cars 
  • Clashes soon turned violent as thousands fought with police at cordons
  • An estimated two dozen people lost eyes and many others were admitted to hospital 

SM Town Live is on Friday, April 6 at Autism Rocks Arena, Dubai. Tickets are Dh375 at www.platinumlist.net

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PROFILE BOX

Company name: Overwrite.ai

Founder: Ayman Alashkar

Started: Established in 2020

Based: Dubai International Financial Centre, Dubai

Sector: PropTech

Initial investment: Self-funded by founder

Funding stage: Seed funding, in talks with angel investors

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.”

Zimbabwe v UAE, ODI series

All matches at the Harare Sports Club:

1st ODI, Wednesday, April 10

2nd ODI, Friday, April 12

3rd ODI, Sunday, April 14

4th ODI, Tuesday, April 16

UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

The biog

Date of birth: 27 May, 1995

Place of birth: Dubai, UAE

Status: Single

School: Al Ittihad private school in Al Mamzar

University: University of Sharjah

Degree: Renewable and Sustainable Energy

Hobby: I enjoy travelling a lot, not just for fun, but I like to cross things off my bucket list and the map and do something there like a 'green project'.

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat