ABU DHABI // Emiratis are waiting longer to wed and more are staying married, Abu Dhabi government statistics have revealed.
Local women were marrying at an average age of 23.7 in 1995 but this has steadily risen to 25.9 last year, figures released by the Statistics Centre Abu Dhabi (Scad) show.
Emirati men are also taking more time to get married. By last year they were waiting, on average, until 26.8 before tying the knot – almost two years longer than in 1995.
Delaying marriage seems to have led to a wiser choice of spouses as the rise in divorce rates has halted, experts said.
Dr Ahmad Alomosh, chairman of the sociology department at the University of Sharjah, said later marriages signified a shift in Emirati society’s priorities.
“Before, there was a stronger system of family. Now there is independence as women and men form their own personalities,” Dr Alomosh said.
“Marriage is no longer a priority. Education and work and other aspects in life are, even in the Arab world in general.”
He said women were now educated and capable of working and earning a living, so no longer needed to marry for financial support.
“She is independent financially so she will look for marriage later, when she is ready for it, as it’s no longer her first choice,” Dr Alomosh said.
Dr Soad Al Oraimi, a sociologist at UAE University, said: “This is completely normal. There is no need to question this.
“Back in 1995 there were fewer jobs and focus on education was less. Some did not finish schooling or university.”
Although Emirati society prefers women to marry younger, Dr Al Oraimi said the delay was of no concern. Neither was the shorter amount of time to have babies.
“She has room until she reaches 40,” she said.
Other experts have voiced concerns that the delay in marriage is not a choice, rather an outcome of fewer marriages, leaving a growing number of women as spinsters.
According to the report, marriage contracts saw a slight drop, from 5,708 in 2011 to 5,570 last year.
Mosabeh Al Kitbi, a Federal National Council member from Sharjah, this year quizzed Dr Maitha Al Shamsi, Minister of State and chair of the Marriage Fund, on the issue of anousa, or spinsterhood.
Dr Al Shamsi said the rising cost of weddings and dowries was to blame for more Emirati women marrying later.
“We did a study on the relation between the cost of marriage and anousa, and found a direct link,” the minister said.
The study found 78 per cent of Emiratis believed the expense of weddings and dowries led girls to delay marriage.
Meanwhile, divorce rates have dropped slightly for the first time in several years. Last year, 1,700 divorces were registered compared with 1,803 the previous year – a 5.7 per cent drop.
Although that still spells an end to one in three marriages, Dr Al Oraimi said even a slight decline was “great news”.
Dr Alomosh said the divorce drop was a direct result of women marrying later in life and making better choices.
“Now the woman picks. This leads to fewer divorces,” he said. “As long as the level of education is high, it is less likely for a woman to rush into marriage, and therefore a lower risk of divorce.”
Dr Al Oraimi agreed. “Matters have changed 100 per cent now. Before, the woman never had an opinion, not even on the marriage details. She was young when married.”
She said older women could impose their opinion on their families.
“Now, women no longer say yes to the first guy who comes and proposes. She picks. Before, only her parents picked.”
osalem@thenational.ae
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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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31% in UK say BBC is biased to left-wing views
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A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
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match info
Maratha Arabians 138-2
C Lynn 91*, A Lyth 20, B Laughlin 1-15
Team Abu Dhabi 114-3
L Wright 40*, L Malinga 0-13, M McClenaghan 1-17
Maratha Arabians won by 24 runs
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Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
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- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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