Twitter, BlackBerry Messenger and Facebook are the microwave meals of human communication: quick, cheap and efficient.
Face-to-face communication, however, is far more psychologically nutritious, rendering the digital options limp, lame and lifeless by comparison. Watching a friend's face light up in response to your deftly delivered punch-line can never be replaced by colons and parentheses masquerading as emotional responsivity :).
The restaurant is one of the last bastions of genuine, organic face-to-face social intercourse. Sadly, even here, there are increasing numbers of diners insisting on a side of Blackberry with every meal.
It's particularly sad to watch a young couple out for a candle-lit meal, as both stare lovingly into their smart-phones while frantically thumbing messages to whoever, wherever. On what level are these two individuals actually even together? Sadder still, however, is when only one partner engages in this behaviour, the other waiting patiently for scraps of left over attention. Heart breaking.
Just as the more socially responsible corporations went smoke-free in advance of legislation, perhaps it's time for forward-thinking business leaders to begin rolling out tech-free policies. Is a blanket prohibition on digital communication devices at the dining table in order?
The proprietors of such establishments can proclaim themselves Wi-Fi-free, leveraging genuine human sociability as a USP (unique selling point). Rather than touting "Free Internet" they proudly declare themselves "Internet Free". Okay, it might be bad for business initially, but such moves are aimed at promoting psychological health and reviving the dying art of in vivo human sociability.
This might sound a little far fetched, but this is actually already starting to happen. Several hotels, mainly in the US, are attempting to entice visitors with promises of no internet and no mobile-phone coverage - the ideal place to unplug form a wired world. The digital detox.
A recent study, The World Unplugged, explored this issue of our increasing and unhealthy dependence on all things digital. The study, lead by the International Center for Media and the Public Agenda, involved 1,000 students from 10 nations all tasked with going 24 hours without accessing any of their usual digital devices; no video games, no internet, no phones, no TV, no iPod. When the unplugged participants later wrote about their experiences, they generally described feelings of boredom, isolation, confusion and distress.
One participant from Lebanon wrote: "I felt as though I was 'lost' in a void. It was a very unusual and uneasy feeling. I felt like I was dis-attached from the world completely, as if everyone around me was doing something but I was 'left behind'."
But there was an upside to unplugging too: many of the participants described how they visited previously under-appreciated grandparents and engaged in deeper, more meaningful conversations with friends and family. Instead of watching TV together, one couple described experiencing the simple joy of going for a walk. The common thread was that for many, digital abstinence actually lead to profound improvements in the quality of their social contacts.
No one is trying to un-invent the internet; digital media is undeniably beneficial, in the same way that food is. But just as gluttony and poor dietary practice can have severe consequences for physical health, so too the overconsumption of digital content can detrimentally effect our psychosocial health.
There's no shortage of guidance on how to eat healthily. There is, however, very little guidance on healthy digital media consumption. Much more research is required to help us better understand our increasingly digital diet. What exactly are our digital content consumption habits doing to our minds? How are our online relationships impacting our real ones?
These questions are pertinent for the children growing up today, those who have been overly immersed in technology from a young age.
Such questions are also particularly relevant for the UAE which has one of the highest internet penetration rates in the region, and is ranked 23rd in the world on the Network Readiness Index, a measure of information technology capacity.
We should keep in mind that, as we binge on digital content, we often starve each other of vital human attention. Attention, like food, is a finite resource. Too much is wasteful, but too little can have dire psychological consequences.
Justin Thomas is an assistant professor of psychology at Zayed University
RACECARD
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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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The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae