Global Education Management Systems Education (GEMS), the biggest private-schools operator in the UAE, is planning to invest as much as US$18 million (Dh66.1m) to open its first school in China.
"China is one of the biggest and fastest-growing economies in the world," said GEMS.
"With that growth comes foreign investment. The level of investment is unprecedented and those expatriate families living and working in China require international schools in order to deliver the educational needs of both parents and children."
GEMS began with a single Indian primary school in Dubai in 1968. It is now the largest network of private schools in the Emirates. It also has dozens of schools across the Middle East, India and Europe.
Sunny Varkey, the chairman and founder of GEMS, has said he wants the company's schools to become the largest network in the world.
Some of GEMS's new additions include a school in Nawalgarh, Rajasthan, which opened in July, and a location in Gurgaon, India, due to open in April 2012.
The GEMS World Academy planned for Tianjin, however, is its first entry into China. It is being built through a joint venture with Sino-Singapore Tianjin Eco-City Investment and Development. It will offer the International Baccalaureate programme to 2,000 foreign students from pre-school through to secondary school.
GEMS's other targets include Singapore, Malaysia, Indonesia, Thailand and South Korea. It opened an office in Singapore last November to help with its push into east Asia, China and the Pacific Rim.
aligaya@thenational.ae
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How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
UAE currency: the story behind the money in your pockets
MATCH INFO
Everton 2 Southampton 1
Everton: Walcott (15'), Richarlison (31' )
Southampton: Ings (54')
Man of the match: Theo Walcott (Everton)
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence