DUBAI // Pilgrims who are planning to travel to Mecca are being advised to act soon and get the vaccine that protects against pneumococcal diseases.
Religious gatherings such as Haj provide ideal crowded conditions for the transmission of infection and outbreaks of some diseases, health experts said.
Despite this, the understanding of pneumococcal diseases – which can lead to ailments such as acute respiratory and infections, and meningitis – and the importance of adult vaccination in the UAE and other GCC countries is very low, said Dr Ashraf El Houfi, a consultant in the infection-control unit at Dubai Hospital.
“This is a major cause of concern,” he said. “There is a need to spread mass awareness about the issue.”
Pneumococcal pneumonia, a lung infection, is the most common serious form of pneumococcal disease and is the most common cause of people being taken to hospital during Haj.
Sufferers account for about four in ten of all hospital admissions, said Dr El Houfi.
While mandatory vaccines for Haj pilgrims include the seasonal influenza vaccine and the meningococcal vaccine, Dr El Houfi highly recommends those heading to Mecca in September to also get the pneumococcal vaccine – available in many hospitals and health clinics – at least four weeks before they travel.
Haj, which this year is expected to fall between September 21 and 26, is the largest annual mass gathering in the world, attracting between two and three million Muslims from more than 180 countries. Almost 5,000 pilgrims from the UAE made the trip to Saudi Arabia last year.
Factors that contribute to the spread of the pneumococcal disease bacteria include the proximity between pilgrims, shared accommodation, and those who avoid simple preventive measures, such as “cough etiquette” or basic hand hygiene practices, said Dr El Houfi.
Anyone can get a pneumococcal disease, but children under the age of 2, adults over 65 years of age and those with chronic illnesses such as lung, heart, liver, or kidney disease, are more at risk.
Pneumococcal disease can be contracted quickly and without warning. Symptoms can vary from person to person but can include fever and chills, a cough, rapid or difficulty breathing, chest pain and drowsiness.
Dr Mohamed Rafique, a specialist in respiratory medicine and assistant medical director at Prime Hospital in Dubai, said the bacteria spread from person to person via respiratory droplets.
“So if an infected person coughs or sneezes in proximity to other people, the other people may become infected.
“If a person has a weakened immune system, the bacteria have a better chance of moving from the throat to the lungs, blood, sinuses, middle ear, or the brain.”
Because religious festivals attract a large number of people from various locations they also increase the risk of infectious diseases being transmitted between pilgrims and the local population, said Dr Rafique.
“This is because people from varied geographical and socioeconomic backgrounds congregate in proximity which can easily lead to quick spread of infection,” he said.
Dr Rafique said pneumococcal diseases are responsible for a considerable number of preventable deaths and illnesses in the Middle East.
“Yet, pneumococcal disease is preventable,” he said. “There is definite lack of awareness among people in Gulf countries. They often do not give enough importance to the disease and prevention.
“People need to understand that there is a very easy solution to avoid the disease.”
jbell@thenational.ae
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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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