Warning of Dh4bn bill for diabetes sufferers in UAE



ABU DHABI // Diabetes could cost the country nearly four billion dirhams a year by 2020, doctors warned yesterday.

By then, the disease will affect one person in three - Emiratis and expatriates - unless drastic action is taken, according to a report presented in the capital.

The report, Diabetes in the UAE: Crisis or Opportunity, has been prepared by UnitedHealth, an international healthcare provider. It was presented on the last day of the World Health Care Congress for the Middle East.

It estimates that within 10 years, type 2 diabetes and its precursor, prediabetes, will affect 32 per cent of the population, at a total cost of about Dh31.3bn.

It puts the blame on the country's obesity epidemic, noting that two-thirds of men and almost three-quarters of women in the UAE are overweight or obese.

Simon Stevens, the president of global health at UnitedHealth Group, said that if nothing is done to reverse the situation, then "a crisis is on hand".

"People don't know they have prediabetes," he said. "It is a silent condition with no symptoms that is only now being recognised as a clinical condition."

However, between a third and two-thirds of people with prediabetes go on to develop the full-blown disease within six years - against one in 20 of those who do not have prediabetes.

According to UnitedHealth, the UAE already spends Dh2.4bn on medical costs related to diabetes and prediabetes. It predicts that will rise by 58 per cent to Dh3.82bn by 2020.

The report was based on two large studies, one from 2000 based on the whole country, and a smaller one in Al Ain in 2007.

Both cover only type 2 diabetes, the type most commonly linked to obesity; no direct figures are available for type 1 diabetes or prediabetes.

The figures for prediabetes also came from the nationwide 2000 study, using the number of people reporting impaired glucose tolerance, an indicator which the report noted was likely to be conservative.

The cost estimates were based on the typical cost of medical treatment in the UAE relative to the US. They included only the direct medical costs, and not the wider economic impact of the disease.

"The estimated costs are provisional," said Mr Stevens, "We need to see more of the cost data produced by government agencies over the next several years to get conclusive answers [on] just exactly how much diabetes treatment will cost."

The good news, he said, was that type 2 diabetes was largely preventable, and the UAE had already taken some steps towards stepping up its prevention efforts - particularly in Abu Dhabi's aggressive screening programmes.

He said programmes needed to be specifically designed for the UAE.

Equally, however, experience of what works elsewhere can help. He called for better primary care clinics, equipped for and trusted by diabetics.

He also said health insurance plans should include incentives "to nudge people to do the right thing for their families' health".

With no "magical drug or pill you pop", the solution has to mean lifestyle changes. For that reason, he said, "progress is much slower".

Dr Maha Barakat, consultant endocrinologist and medical director at the Imperial College London Diabetes Centre in the capital, echoed the call to encourage healthier eating and more exercise.

"Strong evidence has proven that one can prevent the transition from prediabetes to diabetes with modest reduction in weight," she said.

Weight loss of just five to seven per cent has been shown to cut the chance of getting diabetes by more than half.

On the sidelines of the conference, the Health Authority-Abu Dhabi announced a new "Innovator's Forum" to encourage academics, government departments, non-governmental agencies and private companies to come up with ways of tackling chronic ailments such as diabetes and heart disease.

So far it has signed agreements with two big drug companies, AstraZeneca and Eli Lilly.

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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

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BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

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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.”

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million