Kuwait’s Emir, Sheikh Sabah, has successfully undergone a surgical procedure, after he was admitted to hospital on Saturday for medical checks, state news agency Kuna reported.
The Kuwaiti Minister of Court Affairs, Sheikh Ali Jarrah Al Sabah, did not give details of the surgery but wished the 91-year-old ruler a “rapid recovery and well-being”.
On Saturday, a royal decree enabled Sheikh Sabah’s half-brother and crown prince, 83-year-old Sheikh Nawaf Al Ahmad Al Sabah, to assume some of the emir’s duties on a temporary basis.
Officials from Saudi Arabia, Bahrain and Iraq spoke to the emir and crown prince to check on the ruler's health, their official news agencies reported.
President of the UAE, Sheikh Khalifa, sent a message of congratulations to the emir for his surgery and wished him a "speedy recovery and continuous good health".
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohamed bin Zayed, Crown Prince and Deputy Supreme Commander of the Armed Forces, also sent similar congratulatory messages to the Kuwaiti emir.
The royal family also suffered a bereavement with the death of Sheikh Naser Al Jaber Al Sabah, 89. Kuna said he was laid to rest on Sunday.
Sheikh Sabah, who has ruled Kuwait since 2006, is a key player in regional politics.
Last year he was admitted to hospital in the United States while on an official visit there, after suffering what his office described as a health setback in August. He returned to Kuwait in October.
The biog
Favourite hobby: I love to sing but I don’t get to sing as much nowadays sadly.
Favourite book: Anything by Sidney Sheldon.
Favourite movie: The Exorcist 2. It is a big thing in our family to sit around together and watch horror movies, I love watching them.
Favourite holiday destination: The favourite place I have been to is Florence, it is a beautiful city. My dream though has always been to visit Cyprus, I really want to go there.
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.”
Spec%20sheet
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The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
