UAE diabetes cases have risen by 35 per cent since 2014, experts say



ABU DHABI // More than 280,000 cases of diabetes were diagnosed in the UAE last year – a rise of 35 per cent on 2014.

The International Diabetes Federation estimates that last year there were 1,086,300 diabetics in the country, compared with 803,940 in 2014.

Experts blame obesity, lifestyle and greater awareness of the disease for the soaring figures.

“Definitely there is an expected increase in the number of cases of diabetes, taking into consideration the current trends of diabetes risk factors plus the under-diagnosed diabetes cases,” said Dr Ibtihal Fadhil, a regional adviser at the World Health Organisation.

“The increase in the number of cases in the Gulf is related to lifestyle. Modernisation has brought unhealthy diets.

“This has lead to an increase in obesity, which is a critical factor to the formation of diabetes and cardiovascular diseases.”

Prevalence of the disease rose from 10 per cent of the population in 2013 to 14.6 per cent last year, and more increases are expected, Dr Fadhil said.

The WHO estimates that about 34.5 per cent of Emiratis are obese and 70.6 per cent are overweight.

“We are not seeing that the awareness programmes are really changing the lifestyles of people. People have to take it more seriously,” she said.

Working on awareness, prevention and lifestyle changes is essential, but screening and prevention have to be strengthened, said Dr Fadhil.

“The government of UAE are looking into how to ensure prevention. They have many diabetes centres in the country and it’s focusing on screening, which will minimise the cost,” she concluded.

Last year, the cost per person in the UAE with diabetes with US$2,155.90, while in 2014, the cost per person was $1,967.40. In 2014, 1,335 people lost their lives to diabetes in UAE while in 2015, there were 1,384 deaths due to diabetes.

Dr Abdulrazzaq Al Madani, president of the Emirates Diabetes Society, said improved awareness and better health facilities have encouraged people to get screened, leading to more cases being detected. Change in lifestyle is also a factor, and as the average age of the population increases, so does the risk of diabetes.

Creating a UAE diabetes registry with data on all patients and their complications would help to understand the extent of the problem in the country, he said.

Dr Job Simon, consultant endocrinologist at Burjeel Hospital, said the prevalence of diabetes is on the rise worldwide. Last year, 415 million people had diabetes globally, and the figure is expected to reach 642 million by 2040.

“Increasing obesity is a factors. About 90 per cent of the diabetics I see are obese,” he said.

Treatment costs for patients have also risen, and doctors say new, expensive medications may be a reason, as well as complications such as amputations or kidney problems that arise the longer people live with the disease.

Dr Simon advised people to get daily exercise and ensure they do not gain weight. Building more public paths and cycle tracks would help people get more activity in their daily lives.

Dr Dinesh Kumar Dhanwal, consultant endocrinologist at NMC Specialty Hospital Abu Dhabi, said a sedentary lifestyle coupled with eating out a lot can be linked to diabetes. He said encouraging patients is key.

“It depends on how you motivate and empower patients. We guide them and it becomes easier,” said Dr Dhanwal. “My objective is: live healthier and longer.”

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Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

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Fixture: Thailand v UAE, Tuesday, 4pm (UAE)

TV: Abu Dhabi Sports

What to watch out for:

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The hulls of three ships will be used for the roof

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Several pillars more than 20 metres high will support the structure

Roughly 15 tonnes of steel will be used

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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

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If you go...

Etihad flies daily from Abu Dhabi to Zurich, with fares starting from Dh2,807 return. Frequent high speed trains between Zurich and Vienna make stops at St. Anton.

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4pm: Mahab Al Shimaal Group 3 | US$350,000 | (Dirt) | 1,200m
4.35pm: Al Bastakiya Listed | $300,000 | (D) | 1,900m
5.10pm: Nad Al Sheba Turf Group 3 | $350,000 | (Turf) | 1,200m
5.45pm: Burj Nahaar Group 3 | $350,000 | (D) | 1,600m
6.20pm: Dubai City of Gold Group 2 | $300,000 | (T) | 2,410m
6.55pm: Al Maktoum Challenge Round 3 Group 1 | $600,000 | (D) | 2,000m
7.30pm: Jebel Hatta Group 1 | $400,000 | (T) | 1,800m

Multitasking pays off for money goals

Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.

That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.

"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.

Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."

People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.

"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."

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Uruguay:
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Russia: Smolnikov (Red card: 36')

Man of the match: Diego Godin (Uruguay)

UAE and Russia in numbers

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Teams

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Kerala Kings Leading player: Eoin Morgan; Top picks: Kieron Pollard, Sohail Tanvir; UAE players: Rohan Mustafa, Imran Haider

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Punjabi Legends Leading player: Shoaib Malik; Top picks: Hasan Ali, Chris Jordan; UAE players: Ghulam Shabber, Shareef Asadullah

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Story behind the UAE flag

The UAE flag was first unveiled on December 2, 1971, the day the UAE was formed. 

It was designed by Abdullah Mohammed Al Maainah, 19, an Emirati from Abu Dhabi. 

Mr Al Maainah said in an interview with The National in 2011 he chose the colours for local reasons. 

The black represents the oil riches that transformed the UAE, green stands for fertility and the red and white colours were drawn from those found in existing emirate flags.

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Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

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.”

COMPANY PROFILE

Company name: Sav
Started: 2021
Founder: Purvi Munot
Based: Dubai
Industry: FinTech
Funding: $750,000 as of March 2023
Investors: Angel investors

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.


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