Pakistani doctor who treated UAE's blue collar workers 'left this world a hero'


Sarwat Nasir
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A doctor who treated blue-collar workers before he contracted the coronavirus and died was honoured by the UAE government this week with a Fallen Frontline Workers Order.

Dr Muhammad Usman Khan, who worked as a general practitioner at the Care Point Clinic in Abu Dhabi, died on May 15 at the age of 56.

He was the first Pakistani doctor in the UAE to be lost to the pandemic and left behind his wife, Alia Usman, and two children, Mohanad, 6, and Akhdan, 5.

On Monday, Ms Usman, 42, received a call from a representative of the Fallen Frontline Workers Order, which was formed by order of President Sheikh Khalifa to honour those who died while working on the front lines of the pandemic.

Ms Usman said she was touched by the sentiment.

“I feel happy that my husband’s hard work and sacrifice will not be forgotten,” she said.

“I was told that they would help in everything possible for us – my children’s education, housing and UAE visa.

Dr Muhammad Usman Khan died of Covid-19 in Abu Dhabi at the age of 56. Courtesy: Alia Usman
Dr Muhammad Usman Khan died of Covid-19 in Abu Dhabi at the age of 56. Courtesy: Alia Usman

“My husband was a hard worker and cared a lot about his patients. He never turned anyone away and was deeply committed to his work. It’s an honour for us that we have received a call from the office."

She said she was told that Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, would call her soon.

Dr Khan moved to the UAE about 11 years ago to work as a doctor.

He did not have any underlying health conditions and was admitted to hospital on May 2 after he tested positive for Covid-19.

“Twenty-five per cent of his lungs had been consumed by the virus,” said Ms Usman.

Dr Khan's condition gradually worsened and, less than two weeks later, he was dead.

“It’s tragic that my kids lost their father at such a young age, but he left this world as a hero and I will always remind them of that," she said.

Dr Khan told his wife that, should the worst happen, he wished to be buried in his home country.

However, owing to Covid-19 precautions that restrict the repatriation of the bodies of virus parents, Dr Khan was laid to rest in the UAE.

Ms Usman was able to say her final goodbyes before the burial.

"We are grateful to the UAE government for helping us make this country our second home," he said.

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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