A number of Indian couples, such as Rajesh Nair and Sowmya Nair, in the UAE and Arabian Gulf countries have registered to adopt children from their home country after their government lifted an 18-month ban on them earlier this year. Courtesy Rajesh Nair
A number of Indian couples, such as Rajesh Nair and Sowmya Nair, in the UAE and Arabian Gulf countries have registered to adopt children from their home country after their government lifted an 18-month ban on them earlier this year. Courtesy Rajesh Nair
A number of Indian couples, such as Rajesh Nair and Sowmya Nair, in the UAE and Arabian Gulf countries have registered to adopt children from their home country after their government lifted an 18-month ban on them earlier this year. Courtesy Rajesh Nair
A number of Indian couples, such as Rajesh Nair and Sowmya Nair, in the UAE and Arabian Gulf countries have registered to adopt children from their home country after their government lifted an 18-mon

Renewed hope for expatriate Indians looking to adopt from homeland


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DUBAI // Proposed changes to the law in India will make it quicker and easier for expatriate Indian couples to adopt.

NRIs, non-resident Indians, may be given the same adoption rights as parents in India, and authorities aim to reduce the waiting time – which can be years – to eight months.

“We are trying to eliminate some adoption processes,” said Kareti Srinivasulu at the Ministry for Women and Child Development in Delhi.

The proposed amendments to the juvenile justice bill, which governs adoption, were placed before the Indian parliament last week. They are an attempt to revise laws and ease restrictions that have been in place for nearly 20 years, Mr Srinivasulu said.

“We are trying to ensure parents can approach as many as five adoption agencies to find a child so they can have a wider choice.”

Mr Srinivasulu urged Indians to open their minds while seeking to adopt.

“There are special-needs children who also need a home. But no Indian is willing to adopt them. Many also want to adopt only infants. We are asking parents not to be picky,” he said.

As many as 2,500 children are waiting to be placed in homes. Of these, the applications of 1,200 children are in the process of being approved, he said.

Indian authorities abruptly stopped accepting adoption applications from NRIs in October 2012 on the ground that too few children were available for adoption. In February, The National reported that the process had been reopened.

As many as 40 parents from the region have since registered to adopt with the UAE representative of Cara, the Central Adoption Resource Authority.

Once a couple is registered, it takes Cara about three months to identify an orphanage. After this, the wait could be at least another two years.

Expatriates are, however, cautiously optimistic about the planned changes.

“I am very happy hearing this,” said Rajesh Nair, 32, a project manager in Qatar and one of the 40 expatriates who registered recently.

“We have been asking for NRIs to be treated on a par with Indians living in the country. We have been hearing reports from India about the minister requesting judges to expedite adoption cases pending or received by them. I am optimistic but I know things take their own time in India. This is not a priority for the government.”

Mr Nair and his wife chose adoption after trying to have a child of their own for six years. They travelled to Dubai in June to file their application with Cara.

“We have been told we will be allotted an orphanage in September. Once the agency is allotted, they will tell us when they have a child. If the government decides to allot five orphanages, that would be great.”

Elizabeth, 39, an expatriate in Dubai who has a seven-year-old daughter and wants to adopt another child, read about the changes but did not know what action was being taken.

“We have been allotted an orphanage but there is no child available with them. There seems to be only one child with special needs. We don’t know if the facilities are available in Dubai to accommodate a special-needs child. Besides, we aren’t mentally prepared for it either.

“What we are assuming is we have been put very low in the priority because we have a child of our own.

“We believe God will help clear the path for us irrespective of the government’s decision. We believe the child will come irrespective of the processes and when the time is right.”

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Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
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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.”

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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