DUBAI // A boy balances as he walks along the gun barrel of a blown-up tank, part of the scattered debris of war he and his young friends in southern Iraq have turned into a playground.
The striking image comes from a photographic exhibition called Stories of Hope, which is to be staged in Dubai by Save the Children.
The aim of the show is to raise awareness in the UAE of the issues children face and the ways they can be helped.
In pictures: Pictures of hope for children of world
Photographs taken by staff of Save the Children - the international NGO that campaigns for children's rights worldwide.
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The photos were taken by staff of Save the Children - the international NGO that campaigns for children's rights worldwide and helps youngsters in trouble spots and developing countries - in places such as Gaza, Haiti, Pakistan, Afghanistan, Bolivia and Nigeria.
They will be on display to the public for the first time when the exhibition opens at the Dubai International Financial Centre (DIFC) on Saturday.
Other photos of children in Iraq show them in child-friendly centres set up by the NGO, where they found respite from troubling reminders of war and could relax and play.
Many had lost everything in the conflict and were severely traumatised, and these places provided what the group described as an oasis in an otherwise bleak environment.
"We work with the schools in Iraq," said Soha Ellaithy, the director of Gulf partnerships at Save the Children.
"We set up the spaces in schools. We train either the teachers or community workers to work with the children.
"One little guy used to draw blood and dead bodies and things like that. After a few weeks at the child centre he was drawing trees, the sun and flowers."
Some pictures illustrate the types of aid given to young victims of last year's devastating floods in Pakistan and earthquake in Haiti.
In Pakistan, 740,000 people received assistance in the form of emergency medical care, building materials for shelter, food and other items, while in Haiti 45,000 children were given help to return to school.
"The pictures illustrate what we do during emergencies and give examples of what kinds of issues children face and what kinds of response work," said Ms Ellaithy, from Egypt.
"I'm hoping the exhibition will get people thinking that there is always a way to help kids, not necessarily something complex or that needs a lot of money. Sometimes solutions can be simple but effective.
"And I'd like to get people thinking about the sustainability of charity work. It should aim to help people help themselves, and not just help people period."
She said most people thought child aid organisations dealt primarily with emergencies, but youngsters often faced more complex issues.
"For example, a girl called Ayat was detained by the Israeli army in Gaza when she was 15," Ms Ellaithy said.
"She spent 20 months in jail and when she came out she was very traumatised. She isolated herself, couldn't go out of her home, couldn't talk to people.
"In Gaza we have 20 centres which help traumatised children so she attended one of them and worked with social workers and therapists and so on. Ayat is now working in a photography shop. She discovered that she likes photography and now she's working, she's talking, she's smiling."
Ayat, now 19, told a Save the Children worker: "Flowers, family, friends and buildings - I wanted to capture everything that passed my lens. Pictures are memories that I want to keep alive."
Solutions to other problems can be much more straightforward. One picture shows how children in La Paz, Bolivia, were taught to disinfect bottles of drinking water by simply leaving them in strong sunlight for a while.
This removed the risk of them catching parasitic diseases that affect more than 70 per cent of youngsters in the region.
Other projects featured involve ensuring children have access to education, empowering girls, saving newborns, making sure youngsters are well fed and assisting communities that are affected by HIV.
The exhibition, which will include artwork by some of the children, will continue at the DIFC atrium until October 15.
csimpson@thenational.ae
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UAE currency: the story behind the money in your pockets
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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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Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
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Investment stage: Pre-seed
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● Industry: M&A
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● No of employees: Nine
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Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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The Old Slave and the Mastiff
Patrick Chamoiseau
Translated from the French and Creole by Linda Coverdale
The 12 breakaway clubs
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
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Electoral College Victory
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.
Popular Vote Tally
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.
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