Dr Maged Shurra warns excessive consumption of fizzy drinks can cause a wide range of medical problems.
Dr Maged Shurra warns excessive consumption of fizzy drinks can cause a wide range of medical problems.

UAE doctors call for curb on soft-drink consumption



DUBAI // Doctors have urged consumers to curb their appetite for soft drinks to reduce dangerous levels of diabetes and obesity.
UAE residents each consume an average of 103 litres, or about 300 cans, of soft drinks a year, the fifth highest in the world. The global average is 121 cans and in Indonesia it is only 6.
Excessive consumption can cause or exacerbate a wide range of medical conditions, said Dr Maged Shurrab, specialist family physician at Al Tadawi Medical Centre in Dubai.
"First of all, they'll give you extra calories for nothing, which can lead to weight gain and obesity. These can, in turn, lead to problems with the heart, lungs and rest of the body.
"At the same time, they will dissolve tooth enamel because they contain acid, which could again lead to heart disease."
The high volumes of sugar and fructose in soft drinks increase the risk of developing diabetes and hypertension, and preservatives could trigger asthma attacks, Dr Shurrab said.
"Some research also shows soft drinks contain phosphoric acid, which is associated with an increased risk of osteoporosis and weak bones.
"It's advisable to avoid these drinks as they have a negative impact on your health - they can cause damage to your entire body."
Dr Shurrab said excessive soft drink consumption was symptomatic of a larger problem; people were eating and drinking less healthily in general.
"If you look at US trends, for example, there's an increased consumption of junk food and soft drinks. Even the orange juice people drink is often unhealthy.
"As a doctor, I prefer to recommend the optimal diet and especially in these times we should take care of our health. People should eat well and exercise. In the end, your health depends on how you treat your body. If you treat it well, you will be well - if you don't, then you won't."
Rashi Chowdhary, a nutritionist in Dubai, said consumers should not make the mistake of thinking diet soft drinks were healthier than regular ones.
"Switching to diet colas is not the answer. In fact buying anything that says sugar-free, fat-free or diet only guarantees consumption of harmful artificial chemicals that wreak havoc on our digestive tract.
"Consuming diet drinks is downright foolish. Your body is hard-wired to the natural taste of sugar; so when you drink a diet cola, your body will always make up for the sugar it did not receive in other forms.
"They're loaded with high fructose corn syrup, one of the biggest culprits contributing to midsection obesity, high triglyceride levels, high insulin levels and, in some cases, a disturbed sleeping pattern."
However, she added, people who exercise regularly, hydrate well and eat healthily 80 per cent of the time were entitled to drink a regular cola "once in a while".
A report published in the American Journal of Public Health this year found that soft drink consumption was significantly associated with obesity and diabetes worldwide.
Over 1.5 billion people are overweight worldwide and at least 1 in 20 adults have diabetes.
Industry analysts expect soft drink consumption to rise by 9.5 per cent worldwide in the next five years. The report said this would lead to 192 million new cases of diabetes and an additional 2.3 billion overweight and 1.1 billion obese adults.
Diabetes affects about one in five Emiratis and 30.2 per cent of men and 43 per cent of women in the UAE aged 20 or over are obese.
 
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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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