Parents in the UAE are struggling to locate EpiPens, putting their children's lives at risk.
EpiPens, used to treat severe allergic reactions, administer a shot of adrenalin or epinephrine to reverse the symptoms of anaphylactic shock. This includes severe throat swelling caused by an allergic reaction to things such as food, drugs, insect bites or stings.
There is currently a worldwide EpiPen shortage due to a series of manufacturing supply disruptions that have been ongoing since May. Many private pharmacies across Abu Dhabi have run out of stock of junior EpiPens, designed to treat children.
Parents have even turned to social media in an effort to locate them. Rebecca, from the US, posted on the Abu Dhabi Q&A Facebook page for leads.
Her son, John, 12, suffers from severe allergies to dairy and nuts.
“We found out [about his allergies] when he was nine months old. I had given him macaroni and cheese and his whole face broke out in a rash of hives immediately,” she said.
Her son has needed an EpiPen ever since, and she usually gets her prescription each summer in the US, but was unable to this time around due to the shortage.
“I started panicking and looking at Facebook. I said 'does anyone know if anyone has it?' And they said 'yes, no problem. It’s really easy to get here'. But now I am having the same problem trying to get an EpiPen here,” she said.
Her son’s EpiPen has now expired, and she was forced to plead with the school nurses to accept it, even though it is against the rules.
“I have nothing else and he needs something."
She said she has tried all the major hospital pharmacies with no success.
The National called ten Abu Dhabi private and hospital pharmacies and was unable to locate a junior EpiPen.
The Second Street branch of Medicina and the pharmacy inside Healthpoint Hospital both said they were in contact with the supplier, who said more stock is expected around the third week of September.
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Freya Jaffar, who set up the Abu Dhabi Q&A page five years ago, also has a child with a severe allergy. She recently had to turn to her group for help to locate an EpiPen for her daughter Elanah, 4.
She has a life-threatening allergy to nuts that was discovered in November 2016.
“I went grocery shopping that day,” said Mrs Jaffar. “As usual, I got nuts and I specifically mixed a bowl of pecans and walnuts and I put them on the table. She grabbed a handful and started nibbling on them. It wasn’t even half a minute — it was a moment. Her lips swelled up to about four times their size and she started choking,” she said.
She said she often has problems finding EpiPens and has twice had to turn to her group for help.
Last year, she found one in a private pharmacy, thanks to members’ help. But she had no such success this year until a friend tipped her off that public hospitals operated by Abu Dhabi Health Services Company had some.
The Ministry of Health has been contacted for a comment.
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
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Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
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Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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Director: Amith Krishnan
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Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
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Torque: 300Nm at 1,900rpm
Transmission: eight-speed auto
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Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
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More than 2.2 million Indian tourists arrived in UAE in 2023
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Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
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The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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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Friday: First practice - 1pm; Second practice - 5pm
Saturday: Final practice - 2pm; Qualifying - 5pm
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1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.
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