Doctors have called for a restriction on the advertising of energy drinks after new research raised concerns that they are more harmful than previously feared.
American researchers found that drinking one and a half large cans of the drinks, which are high in sugar and caffeine, almost halved the diameter of blood vessels in otherwise fit and healthy young adults, restricting blood flow.
Although only a small study, the results raise fears that the drinks could increase the risk of stroke or cardiac arrest if consumed regularly.
The UAE, in line with governments across the world, has taken steps to discourage overconsumption of energy drinks, particularly among the young. Last year a 100 per cent tax was imposed on energy drinks, with the same levy imposed on tobacco products and a 50 per cent charge on soft drinks.
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However, doctors warned that further action is needed, with the drinks still remaining popular among the nation’s children. One called for new restrictions in advertising the products in an effort to make them a social taboo similar to smoking.
“The only way to curtail it is to stop the extensive advertising, exactly like they did for cigarettes. Now, you cannot go to an event sponsored by tobacco companies. [Energy drinks] need the same level of caution we use for tobacco and alcohol. Children should not have access to them,” said Sadaf Jalil Ahmed, a doctor at Deira International School in Dubai.
Despite other rules being introduced around restricting purchase of energy drinks for under 16s in some areas, shops and schools, Dr Ahmed said she is concerned that parents may still be buying the products for their children.
“There has been no publicity, no outcry about the damaging effect of energy drinks,” she said.
“Now, people are sheepish or a little bit embarrassed about smoking in public, it has become taboo. Energy drinks have to go through the same process, and you can speed it up by withdrawing the advertising and the positive image they are constantly promoting.
“You won’t run faster, you won’t get better exam results and neither will your work output improve with an energy drink — children should be taught better work ethics for better attainment.”
Ruba Rizk, consultant paediatrician in adolescent medicine at Al Jalila Children’s Specialty Hospital in Dubai, said physicians had a role to play in being more aware that energy drinks could be the cause of a range of symptoms among teenage patients. She also called for better education of children and parents about the dangers.
She said companies often deployed misleading advertising — for example by claiming products boosted vitamin intake and immunity — which wrongly suggest the products have health benefits.
“We get the effects of caffeine and stimulants, and this is what poses the danger,” she said. “It can disturb the heart, affect sleep, cause headaches, make blood pressure rise. They can also worsen symptoms of anxiety in kids and teens.
“Based on the patients I see there is a high prevalence of energy drink consumption among teens. Definitely more so in male patients. The issue is parents aren’t always aware that these drinks are a reason for concern, especially because they are marketed as immunity boosters or as having vitamins in them.”
The latest study, carried out by researchers from the University of Texas in Houston, looked at 44 non-smokers in their 20s who had their blood vessels tested before and after consuming one-and-a-half 500 millilitre cans of energy drink.
An analysis of the internal diameters of the blood vessels — which indicates their overall health — found that they were drastically smaller 90 minutes after the drinks were consumed.
This means the heart would have to work harder to pump blood around the body and supply it with oxygen, particularly during exercise.
A study published last year found more than four out of five Emirati college students consume energy drinks, and about one in five do so every day.
John Higgins, a professor of medicine at the university’s McGovern Medical School and the lead researcher on the study, said it was clear the drinks are “not intended for children”.
"[Smaller vessels mean] more work for the heart and less oxygen supply. This could explain why there have been cases where kids have had a cardiac arrest after an energy drink,” he said.
This negative effect on blood vessels may be related to ingredients such as caffeine, taurine or sugar the researchers suggested. Their findings will be formally presented at a meeting of the American Heart Association next week.
The energy drink industry, however, maintains that the products are safe.
"Mainstream energy drinks contain about half the caffeine of a similarly sized cup of coffee house coffee, and have been extensively studied and confirmed safe for consumption by government safety authorities worldwide. Nothing in this preliminary research counters this well-established fact," said William Dermody, a spokesman for the American Beverage Association.
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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Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
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