Boarding school an option for some


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Choosing to send a child to to an overseas boarding school is not a new trend. In the 1970s and ‘80s, it was the norm for western expat children whose parents were working in the UAE, and some Emirati offspring, to attend boarding school once they reached secondary school age.

But the cost of a private eduction overseas does not always compare favourably with the UAE.

The cost of private boarding school in the UK, for example, spiralled in recent years to an annual average of £30,369 (Dh135,951) according to a 2015 study by private client stockbroker Killik & Co. And the average day school fees are now 342 per cent higher than they were in 1990.

In the US, the average annual boarding school tuition is US$38,850 according to College Bound Network.

British state boarding schools are an option for EU passport holders, but with the fee covering boarding only and not tuition.

“This makes it a very cost- effective option,” says Sarah Sparling, a consultant with British boarding schools specialists Anderson Education.

She says those looking for a fully private education can also apply for a scholarship.

“They are available for talented academic students and for sport, music, art, drama; and bursaries are also available which provide a discount on the school fees. With the current exchange rate in the UAE, this is a good value option to provide the best educational opportunities for your children.”

Syliva Brett, head teacher at Harrogate Ladies College in Yorkshire, showcased her school at Anderson Education’s recent UK Boarding Schools Exhibition in Dubai.

“We have always had pupils at Harrogate Ladies’ College from the UAE, but we expect this to increase in the coming year as expats are faced with some uncertainty concerning their employment and long- term stability in the region,” she says.

But although private schooling in the UK can be pricey, for parents the costs can be offset further down the line when their offspring start at university.

They are more likely to receive “home status” if their children have already been residing in the UK for at least two years.

According to topuniversities.com the average cost per year to study in the UK at undergraduate level as an international student is £11,987, whereas those who qualify for ‘home status’ pay a maximum of £9,000 per year for undergraduate degree programmes.

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UAE currency: the story behind the money in your pockets
Where can I submit a sample?

Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.

Collection centres in Abu Dhabi include:

  • Abu Dhabi National Exhibition Centre (ADNEC)
  • Biogenix Labs in Masdar City
  • Al Towayya in Al Ain
  • NMC Royal Hospital in Khalifa City
  • Bareen International Hospital
  • NMC Specialty Hospital, Al Ain
  • NMC Royal Medical Centre - Abu Dhabi
  • NMC Royal Women’s Hospital.
The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4

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Syria v Australia
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Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

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