A Jordanian man infected with the HIV virus covers his face to avoid identification.
A Jordanian man infected with the HIV virus covers his face to avoid identification.

More young people in Middle East exposed to HIV risk



NEW YORK // Changing attitudes towards marriage and sexual relationships are part of a social shift that is putting greater numbers of young people across the Arab world at risk of contracting HIV and Aids, according to UN analysts. UN experts have urged regional health chiefs to provide more services that protect the growing number of young people from the dangers associated with modern lifestyles, including high-risk behaviour involving sex and drugs.

The latest figures reveal that 89,000 of the 310,000 people infected with HIV/Aids across the Middle East and North Africa (Mena) are aged between 15 and 24, a growing demographic that constitutes one-fifth of the region's population. Samir Anouti, an adviser for the UN's agency for children, Unicef, said young people experience ever-greater difficulties when finding work and getting married and increasingly engage in premarital sex and other behaviour that increases the chance of contracting HIV/Aids.

"Young people are facing enormous challenges which make them vulnerable to contracting HIV/Aids," he said. "They experience high rates of unemployment - Mena has documented the largest youth unemployment of all regions across the world - delayed marital age, increased premarital sex, increased mobility both outside of the region and within the region, often for economic migration to Gulf countries, peer pressure to engage in high-risk behaviour and changing lifestyle norms."

Some have argued that conservative attitudes in Muslim-majority nations created a "cultural immunity" from the spread of Aids, but the UN warns this truth no longer holds as social changes impact the way young people behave. Although data show relatively low rates of HIV/Aids across Mena and suggest that epidemics on a scale comparable to those in parts of Sub-Saharan Africa are unlikely, Unicef urges the region's health chiefs to take dramatic, taboo-busting steps.

Mr Anouti said this week's report, Children and Aids: The Fourth Stocktaking Report, 2009, demonstrated that "teaching abstinence is not enough" and governments must provide more services and not rely so heavily on education. Such approaches have proven controversial in other parts of the world, including providing contraceptives to unmarried teenagers, free health checks for sex workers and giving clean syringes to injecting drug users.

Jimmy Kolker, head of the HIV/Aids section at Unicef, said such policies would likely be provocative because the young people most likely to catch the virus are engaged in high-risk behaviour such as prostitution, homosexuality and drug use. "In many cases, these marginalised groups are not easily reached by even youth-friendly health services," he said. "The goal is that we find those people whose behaviour does put them at risk and ensure that prevention measures are applicable to the epidemic in the region."

The 52-page report was released to coincide with World Aids Day, which is marked annually on December 1, and closely followed last week's Aids Epidemic Update, which revealed that an estimated 35,000 people became infected across the region last year. It said the number of people living with HIV in the region rose from 200,000 in 2001 to 310,000 last year, but warned that the stigmatisation of drug users, sex workers and homosexuals could be concealing the full scale of the epidemic.

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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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West Asia Premiership: Winners – Bahrain; Runners-up – Dubai Exiles

UAE Premiership: Winners – Abu Dhabi Harlequins; Runners-up  Jebel Ali Dragons

Dubai Rugby Sevens: Winners – Dubai Hurricanes; Runners-up – Abu Dhabi Harlequins

UAE Conference: Winners  Dubai Tigers; Runners-up  Al Ain Amblers

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In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.

Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.

A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.

The Emirates is the world’s third largest per capita water consumer after the US and Canada.