With regard to your story, Parents warned against children's addiction to internet (February 14), this has to be the responsibility of the parents rather than the nannies.
Parents should play with their children. They shouldn’t give them an iPad just because they can’t be bothered to interact with them.
If you don’t have time for your children, don’t have them. We are supposed to parent, not just breed.
Phil Perrin, Abu Dhabi
Resisting the lure of easy credit
The man featured in your news article (The UAE's loan rangers chase their prey, February 14) clearly understands how loans should be seen.
Unfortunately, some people find it impossible to resist the temptation to buy all those beautiful sparkly things that are marketed to us every day.
People should earn money before they spend it. If they can’t buy something without a loan, then they really can’t afford it and instead should save up so they can buy it.
Not only will this save on interest and processing fees but it will also instil a new appreciation of the value of the thing being bought. A loan costs way more in the long run.
Giles Heaton, Dubai
The rising cost of living can be a challenge in Dubai but if we spend wisely now, we will not have to cut back later.
The latest generation especially spend a lot of money on smartphones, clothes and other objects to outshine others.
Why blame the banks? They need to survive and they will continue selling credit cards and loans because that’s their job. I know making sales these days is pretty tedious, taking into consideration the targets that need to be met, but each of us has to be accountable to manage our own budget.
Financial education needs to become a part of our national curriculum so that it’s not just the rich people who learn about money – it’s all of us.
Mathew Litty, Dubai
RAK race brings pride to emirate
Your editorial about the RAK half marathon, (The fastest half marathon, February 14), poses the question about whether the event is good for the emirate.
This was my sixth RAK half marathon – this year I was supporting friends by taking some photos – and it had a great atmosphere.
Although security was evident and effective, I am always amazed at how close I can get to the action and how I feel part of a very special and family-friendly event. This is a great healthy venture that hosts the best runners in the world and the organisers deserve our thanks.
Mark Farmborough, Ras Al Khaimah
Valentine’s is not about spending
Brett Debritz's article, Even a curmudgeon can find some value in Valentine's Day (February 14), raises several interesting points.
Each and every day in a year has a special feel, a happiness and a satisfaction. So it is for Valentine’s Day.
Hiring a Rolls-Royce is not essential – giving a beautiful flower to one’s lover will bring more pleasure and joy than anything material.
Kennedy Prakash, India
I think saying some sweet and lovely words to your loved one and giving a nice hug is enough to create a lovely and special day.
Youri Hong, Dubai
As we always do, my husband and I decided not to buy flowers for Valentine’s Day but to give the money we would have spent to a deserving charity.
In our case it’s an organisation taking care of local people who are having a tough time.
We have a beautiful day by knowing we have helped, even in the littlest of ways, a few people get a good meal and some new clothes.
Brigitte von Bulow, Abu Dhabi
‘Greedy’ airlines squeeze us in
With regard to your article about aviation etiquette (Top 10 worst habits of plane passengers, February 14), perhaps airlines should ensure there is enough room that you can recline and not cause the person behind to be incapable of movement?
Kimberly Dezarn, Abu Dhabi
I think greedy airlines who squeeze in too many seats need to take into account the comfort of passengers like us who cannot afford business class.
It’s bad enough for me at 5 foot 10 inches (1.78m), but for my poor 6 foot 7 inch husband, it’s not physically possible for the person in front to recline when he’s behind them.
Name withheld by request
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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Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.
A semen analysis of the father showed abnormal sperm so the couple required IVF.
Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.
A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.
On day three of the process, 14 embryos were biopsied for gender selection.
The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.
Day five of the treatment saw two male embryos transferred to the patient.
The woman recorded a positive pregnancy test two weeks later.
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
Famous left-handers
- Marie Curie
- Jimi Hendrix
- Leonardo Di Vinci
- David Bowie
- Paul McCartney
- Albert Einstein
- Jack the Ripper
- Barack Obama
- Helen Keller
- Joan of Arc
The%20Genius%20of%20Their%20Age
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Sweet%20Tooth
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MATCH INFO
Inter Milan 2 (Vecino 65', Barella 83')
Verona 1 (Verre 19' pen)