ABU DHABI // Keeping his sheep healthy is a constant struggle for the Liwa farmer Abdullah Al Amimi.
His herd of 250 needs much care and constant monitoring to stop diseases developing.
For three years, Abu Dhabi Food Control Authority (ADFCA) has been providing free vaccines for his flock.
That helps, said Mr Al Amimi, but it is not the whole solution.
"The authority is doing its bit by giving my sheep shots three times a year but it's not a weekly programme," he said. "You can't just say I'll give them that many shots and that's it. There are other problems that cannot be controlled, like diarrhoea and ticks."
Mr Al Amimi buys shampoos and sprays from veterinary pharmacies in Abu Dhabi, Liwa and Madinat Zayed, at a cost of between Dh2,000 and Dh3,000 a year.
It is worth it, as a healthy sheep sells for about Dh600, but it is still a substantial expense and one that Mr Al Amimi and others are keen for the ADFCA to help out more.
Since September, the authority has administered close to 3 million immunisation shots.
It vaccinates against foot-and-mouth disease, which causes fever and blisters in cows, sheep and goats; contagious caprine pleuropneumonia (CCP), which affects the lungs of sheep and goats and can cause sudden death in goats; the viral disease ovine rinderpest, which causes diarrhoea, fever and swelling of the mucous membranes; and sheep and goat pox, which leads to blisters on the mucous membranes.
All of the diseases are lethal.
In the UAE, salmonella is by far the worst, said Dr Naimuddin Syed of the National Veterinary Hospital in Abu Dhabi.
"Worldwide, pleuropneumonia is the worst disease and it is also the most infectious," Dr Syed said.
The ADFCA says it is doing what it can. "[We] are putting all our efforts in supporting livestock, preventing and monitoring diseases and controlling proliferation," said Saeed Jasem Mohamed, its acting communications director.
Last winter, it gave 5 million vaccinations against the four diseases. This year it is aiming for more.
So far this winter, it has twice offered spraying for ticks at veterinary clinics across Abu Dhabi. It will do so twice more before summer.
The Ministry of Environment and Water also helps out with preventive measures against Clostridium difficile and enterotoxaemia, also known as pulpy kidney disease, and salmonella and pasteurella.
But for other diseases, ministry vets will only visit when animals become sick, leaving farmers to turn to private clinics for prevention.
The National Veterinary Hospital sells 25 doses of salmonella and pasteurella vaccine for Dh72. Vaccinating against all diseases cover-ed by the ministry costs Dh120 a head.
The hospital receives on average four sheep a month, and its vets visit an average of two farms.
"Farmers might come to us because sometimes animals don't respond to medicine given by the ministry," said Dr Syed. "So they might think it's a problem with the doctor."
That was the case for Rashid Burshaid, a farmer in Khor Fakkan who vaccinates his 50 goats twice a year, depending on their health.
"Sometimes, I get the vaccines from the ministry but not that often because they don't have good qualified doctors," he said. "I went twice this year and the results were poor."
The ministry visited his farm last week after one of his goats fell ill. So far the animal has not recovered, so he went to a private pharmacy.
"If I don't have enough money, then I'll go back to the ministry because it's free," Mr Burshaid said.
Mr Al Amimi said he would keep using the ADFCA services, "even if they're very slow".
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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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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.