Too much work, too little sleep



We work too hard, spend too long in front of computer screens, eat badly, suffer from excessive stress and get far too little sleep and exercise. That's the snapshot of the average UAE resident that emerges from the latest in a series of polls carried out for The National by YouGov, the international research organisation.

Two in every five people admit to unhealthy eating patterns, including skipping meals and failing to eat sufficient fruit and vegetables, relying instead on junk food. Almost half - 46 per cent, men and women equally - said they had slept for less than six hours on at least two of the previous seven days, while a third regularly worked more than 45 hours a week. Overwork is a male burden, born by 42 per cent of men, compared with 16 per cent of women. Thirty six per cent of the 879 respondents claimed to be suffering from excessive levels of stress; in this, men and women were virtually equal.

On the plus side, only 18 per cent recorded smoking more than five cigarettes a day. Smoking is overwhelmingly a male pursuit - 24 per cent do it, compared with only 6 per cent of women. Only 21 per cent of respondents said they exercised for at least 90 minutes a week - the minimum recommended by many experts. There were distinct differences between nationality groups. For example, 36 per cent of Arab expatriates and 35 per cent of Asians said they worked long hours, compared with westerners (27 per cent) and Emiratis (12 per cent), although stress levels were fairly even across all groups.

Excessive caffeine was almost twice as likely to be consumed by expatriate Arabs (27 per cent) and westerners (22 per cent) as by Emiratis (14 per cent) and Asians (11per cent). On the other hand, westerners have the upper hand when it comes to exercise, which 43 per cent do regularly, compared with 20 per cent of Asians and Arab expatriates and 15 per cent of Emiratis. Forty-one per cent of respondents admitted to unhealthy eating, skipping meals, relying on junk food and consuming inadequate amounts of fruit and vegetables. At 46 per cent, women take worse care of themselves in this regard than men (39 per cent). As a group, at 45 per cent, the worst eaters are Arab expatriates.

At 29 per cent, they are also the biggest smokers, trailed by westerners at 19 per cent, Asians (11 per cent) and Emiratis (10 per cent). Karma Bhutia, 26, an Indian sales executive at an electronics company in Abu Dhabi, said: "I skip meals all the time, specially breakfast. I used to eat junk food a lot but I'm trying to cut down on it. "Life has become fast-paced. We are tired from work and we don't have time to prepare meals at home."

Mr Bhutia said he worked more than 45 hours a week and spent four to five hours daily in front of the computer to browse and chat with friends. "I sleep for about five hours at night, which I think is quite normal for my age." He added that the only exercise he got was when he played cricket for an hour during the weekend. But he admitted to smoking 12 cigarettes or even a whole pack every day. When it comes to sleep, men and women do equally badly - 46 per cent of either sex had had less than six hours of sleep for at least two out of the preceding seven days.

While 38 per cent of Emiratis said they regularly got too little sleep, closely followed by westerners and Asians (41 per cent and 42 per cent respectively), the most sleep-deprived were Arab expatriates at 54 per cent. The survey shows a significant proportion of people have a range of medical complaints, the most common being back or neck problems (35 per cent), stress and anxiety (27 per cent).

Overall, 18 per cent say they are obese. The highest proportion of obesity is found among Emiratis and Arab expatriates (both at 22 per cent). At 17 per cent, Asians are not far behind, but only eight per cent of westerners are obese. However, these figures suggest subjective self-slimming; they are contradicted by a national survey of 28,000 people carried out earlier this year by the Ministry of Health. Published in April, it found 68 per cent either overweight or obese.

There was one other anomaly: only five per cent of those polled - and no westerners - said they had diabetes. This comes as something of a surprise in a country rated by the World Health Organisation as having one of the highest rates of diabetes in the world, and where this year's ministry survey found that 18 per cent were diabetic. On the plus side, 17 per cent have no health problems at all, while comparatively few suffer from some of the more serious illnesses, such as cancer (one per cent), heart disease (two per cent) and high blood pressure (nine per cent).

jgornall@thenational.ae

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.”

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

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

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.

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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
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6.30pm Baniyas (PA) Group 2 Dh125,000 (Dirt) 1,400m

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7.40pm Maiden (TB) Dh165,000 (D) 1,400m

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8.15pm Handicap (TB) Dh170,000 (D) 1,900m

Winner  Gundogdu, Xavier Ziani, Salem bin Ghadayer.

8.50pm Rated Conditions (TB) Dh240,000 (D) 1,600m

Winner George Villiers, Tadhg O’Shea, Satish Seemar.

9.25pm Handicap (TB) Dh175,000 (D)1,200m

Winner  Lady Parma, Connor Beasley, Satish Seemar

10pm Handicap (TB) Dh165,000 (D) 1,400m

Winner Zaajer, Fernando Jara, Ali Rashid Al Raihe

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Venue Insportz, Dubai, September 16-23

UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty

COMPANY PROFILE
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Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
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Publisher:  Activision
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Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Company name: Nestrom

Started: 2017

Co-founders: Yousef Wadi, Kanaan Manasrah and Shadi Shalabi

Based: Jordan

Sector: Technology

Initial investment: Close to $100,000

Investors: Propeller, 500 Startups, Wamda Capital, Agrimatico, Techstars and some angel investors