ABU DHABI // Four-year-old Kusuma beams as she dances around her older sisters in her red and yellow dress. Constantly active and on the move, she is now like any other girl her own age after corrective surgery to repair a congenital heart defect.
She is just one of 100 beneficiaries of an initiative by Burjeel Hospital, Abu Dhabi’s largest private hospital, to provide free heart surgery to those in the Middle East who cannot afford treatment.
The 100th person has now been successfully operated on so the Dh12 million initiative – set up in memory of the founding Father, Sheikh Zayed – has finished.
However, it was such a success that hospital chiefs now want to conduct 10 times as many operations as a pledge to the President, Sheikh Khalifa, who has been active in the humanitarian field for decades.
“Our next plan is to do 1,000 free heart operations in the next five years,” said Dr Shamsheer Vayalil, the hospital’s founder and managing director.
“We have been so fortunate in this part of the world with the leaders being so generous. Sometimes you need to give back to the community.”
For Kusuma’s mother, Varalakshmi Venkatesh, the humanitarian initiative has given her youngest child a new lease of life.
It was not until a health check when she was four that doctors discovered Kusuma had a hole in her heart.
It came as a devastating shock to Ms Venkatesh.
“As a girl she was active and there were no worries,” said the mother-of-three, from Bangalore, in India.
The family of five relies on the income of Kusuma’s father, a carpenter who is hearing-impaired and mute, and Ms Venkatesh’s earnings as a domestic helper. So they were unable to afford costly heart surgery.
“I was worried about my little girl. But after the surgery she is fine. We are very happy,” she said.
A ceremony a few weeks ago, marking the end of the initiative, saw the beneficiaries and their families come together.
“It was gratifying,” said Dr Vayalil. “It was one of those moments in life that cannot be quantified. A lot were in tears.”
Beneficiaries ranged from a two-day-old baby to a grandfather in his 70s.
Among them was a 23-year-old blind Bangladeshi. As he came from a family of seven who rely on a single income, there was no money to pay for the open heart surgery he needed.
Another was Yasmin, a three-year-old girl from Bangladesh. Medical staff at Burjeel recall her father crying tears of joy after her successful operation, citing his daughter as his sole purpose for living.
Another was an Emirati whose heart problems were only discovered after she gave birth, said Professor Uwe Klima, consultant of cardiothoracic surgery.
Within a week of an operation to repair a defect in the ventricular septum, the wall dividing the left and right ventricles of the heart, she was back on her feet and able to breastfeed her child.
“This baby now has a mother who is going to be healthy,” he said. “If we did not do the surgery she would not have a mother.”
Applicants for the initiative, first launched in November 2012, were chosen for their eligibility to receive the cardiac surgery.
The hospital covered the cost of surgery, medical assistance and post-surgical care.
Prof Klima said giving those in need access to life-changing heart operations has far-reaching consequences.
“If you are able to save a life of a child who is one-year-old then you give that child a whole life,” he said.
“Or you save a father who has acute infection of the heart valve and cannot work to feed his family anymore. You save this patient and then he feeds the family for another 30 years.
“Even someone who is 70 to 80 years in age and you get him another 10 years of good quality life – then the grandchildren can spend this time with their grandfather.”
jbell@thenational.ae
The Case For Trump
By Victor Davis Hanson
Correspondents
By Tim Murphy
(Grove Press)
Apple product price list
iPad Pro
11" - $799 (64GB)
12.9" - $999 (64GB)
MacBook Air
$1,199
Mac Mini
$799
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.
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
SPECS
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COMPANY%20PROFILE
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What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
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Total funding: Self funded
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Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
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Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')
MATCH INFO
Day 2 at the Gabba
Australia 312-1
Warner 151 not out, Burns 97, Labuschagne 55 not out
Pakistan 240
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- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
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FIGHT%20CARD
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY%20PROFILE%20
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WHY%20AAYAN%20IS%20'PERFECT%20EXAMPLE'
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
COMPANY%20PROFILE%20
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Glossary of a stock market revolution
Reddit
A discussion website
Redditor
The users of Reddit
Robinhood
A smartphone app for buying and selling shares
Short seller
Selling a stock today in the belief its price will fall in the future
Short squeeze
Traders forced to buy a stock they are shorting
Naked short
An illegal practice
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
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.”