DUBAI // A three-month campaign of radio advertisements in five Indian languages begins today urging workers to seek help if they have marital, psychological or financial problems.
The 30-second ads tell Indian nationals to call the Indian Workers Resource Centre in Dubai. Counsellors will be on hand with advice.
"We thought radio was the most convenient and effective medium to reach out to workers," M K Lokesh, the Indian ambassador, said. "It will encourage them to seek help.
"It is not that these advertisements are intended to target only people with suicidal tendencies. The main aim is to raise awareness among all workers about the resource centre and its potential to help distressed workers."
An awareness campaign has been planned since the centre opened last November, but the radio ads follow two high-profile suicides in the Indian community in 10 days. A 45-year-old executive jumped from the 30th floor of a building in Jumeirah Lake Towers last Sunday.
The week before, Athiraman Kannan, 32, an Indian foreman, jumped from the 148th floor of the Burj Khalifa, the world's tallest building. He is believed to have been suffering from depression.
"Often many of us are depressed because we leave our families and live here alone," Mr Kannan's roommate and work colleague, Ramanan Ramanujam, said yesterday.
"Sometimes we live with six people in a room. Only if we are close do we really discuss our issues with our roommates.
"The morning Kannan died he tried to speak to a fellow worker who was very close to him. We were all in a hurry to leave for work and were unable to speak to him. But if one of us had spoken to him, we could probably have changed his mind."
There have been at least 39 suicides of Indian nationals this year. Last year about 132, almost one every three days, took their own lives.
Indian authorities hope the radio, popular among workers, will be an effective medium to reduce suicidal tendencies.
The advertisements will run in Hindi, Malayalam, Tamil, Punjabi and Telugu, on different Indian radio stations. They will target various ethnic groups, and will inform workers of the resource centre's facilities, encouraging them to call if they face problems.
"Our effort is to bring down the number of suicides," Mr Lokesh said.
Most suicides involve blue-collar workers who usually resort to hanging or throwing themselves under a moving vehicle.
Despite the recent high-profile cases, the number of suicides among Indian expatriates has been declining. The Indian embassy says 176 Indian nationals took their own lives in 2008, and 135 in 2009.
Loneliness, financial problems and marital issues were the most common causes, embassy officials said.
Mr Ramanujam said he thought workers sometimes just need someone to talk to. "It really helps when someone listens to us," he said. "It is very hard to overcome some of the psychological issues we face.
"I think that 99 per cent of the time it reduces our burden if someone listens and talks to us. It is possible that counsellors can help and workers will call if they need to speak to someone desperately."
K V Shamsudheen, chairman of the Pravasi Bharatiya Welfare Trust, an Indian social welfare organisation that offers counselling to expatriate workers, said: "Almost 75 per cent of psychological issues are related to financial problems."
A significant number of Indian expatriates pay recruitment fees to secure jobs in the Gulf, although the practice is illegal.
"Many are also extremely lonely here as they do not have the family back-up that they enjoy back in India. They need a strong social support system," Mr Shamsudheen said.
"We can reduce the number of suicides by just giving them an opportunity to release their stress, being good listeners and offering counselling to overcome their problems."
He said the resource centre, through its radio initiative, had a strong potential to reduce the number of suicides and help workers in distress.
The centre provides legal, financial and psychological advice. Since the centre's opening in November, its free helpline, 800 46342 (800 India), has received mora than 9,000 calls, mostly about unpaid salaries, faulty contracts, job losses, expired visas and passports held by employers. Of these, about 31 callers were referred to the centre's counsellors.
The number of calls has doubled from 50 to 100 a day in the past week since the two high-profile suicides were reported. However, most of the calls were related to legal issues.
The centre was opened by the Indian president, Pratibha Patil, last November.
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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.”
'THE WORST THING YOU CAN EAT'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
Mane points for safe home colouring
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- Most modern hair colours are technique-based, in that they require a confident hand and taught skills
- If you decide to be brave and go for it, seek professional advice and use a semi-permanent colour
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A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
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Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
The specs
Engine: 5.0-litre supercharged V8
Transmission: Eight-speed auto
Power: 575bhp
Torque: 700Nm
Price: Dh554,000
On sale: now
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%3Cp%3EVara%20will%20cater%20to%20three%20categories%20of%20companies%20in%20Dubai%20(except%20the%20DIFC)%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20A%3A%3C%2Fstrong%3E%20Minimum%20viable%20product%20(MVP)%20applicants%20that%20are%20currently%20in%20the%20process%20of%20securing%20an%20MVP%20licence%3A%20This%20is%20a%20three-stage%20process%20starting%20with%20%5B1%5D%20a%20provisional%20permit%2C%20graduating%20to%20%5B2%5D%20preparatory%20licence%20and%20concluding%20with%20%5B3%5D%20operational%20licence.%20Applicants%20that%20are%20already%20in%20the%20MVP%20process%20will%20be%20advised%20by%20Vara%20to%20either%20continue%20within%20the%20MVP%20framework%20or%20be%20transitioned%20to%20the%20full%20market%20product%20licensing%20process.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20B%3A%3C%2Fstrong%3E%20Existing%20legacy%20virtual%20asset%20service%20providers%20prior%20to%20February%207%2C%202023%2C%20which%20are%20required%20to%20come%20under%20Vara%20supervision.%20All%20operating%20service%20proviers%20in%20Dubai%20(excluding%20the%20DIFC)%20fall%20under%20Vara%E2%80%99s%20supervision.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20C%3A%3C%2Fstrong%3E%20New%20applicants%20seeking%20a%20Vara%20licence%20or%20existing%20applicants%20adding%20new%20activities.%20All%20applicants%20that%20do%20not%20fall%20under%20Category%20A%20or%20B%20can%20begin%20the%20application%20process%20through%20their%20current%20or%20prospective%20commercial%20licensor%20%E2%80%94%20the%20DET%20or%20Free%20Zone%20Authority%20%E2%80%94%20or%20directly%20through%20Vara%20in%20the%20instance%20that%20they%20have%20yet%20to%20determine%20the%20commercial%20operating%20zone%20in%20Dubai.%C2%A0%3C%2Fp%3E%0A
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COMPANY PROFILE
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Started: 2021
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Based: Tunisia
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Donating your hair
• Your hair should be least 30 cms long, as some of the hair is lost during manufacturing of the wigs.
• Clean, dry hair in good condition (no split ends) from any gender, and of any natural colour, is required.
• Straight, wavy, curly, permed or chemically straightened is permitted.
• Dyed hair must be of a natural colour