Photo: SPA
Photo: SPA
Photo: SPA
Photo: SPA

Saudi Arabia vaccinates more than 90% of pupils and school staff


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More than 90 per cent of staff and pupils at schools across Saudi Arabia are now vaccinated against Covid-19, the kingdom's education minister has said.

The kingdom has opened up vaccinations to everyone over the age of 12 and also made inoculation mandatory for children and staff to return to classes.

Education Minister Dr Hamad bin Mohammed Al Sheikh said that 96.2 per cent of school staff and 90.5 per cent of pupils have now received a vaccine.

Addressing a meeting of GCC education ministers, he said the kingdom had succeeded in transforming to meet the challenges of the Covid-19 pandemic and the impact on public education, according to Saudi Press Agency.

Students return to school since the outbreak of the COVID-19 pandemic
Students return to school since the outbreak of the COVID-19 pandemic

Schools in the kingdom started returning to in-person classes for the first time in a year last month with strict safety measures in place.

The ministry had mandated that all education sector employees and pupils over 12 years receive two Covid-19 vaccine doses and enforce the precautionary measures and health requirements adopted by the Saudi Health Ministry and the Public Health Authority in all educational institutes.

Dr Al Sheikh said Saudi Arabia gave great importance to public education at all local, regional and international levels, through implementing several development projects to prepare children to keep pace with future changes.

During the meeting, Dr Al Sheikh explained that the Education Ministry carried out several development projects for the new academic year, including developing curriculums and study plans and implementing the three-semester academic year.

He said education in the kingdom had made significant leaps in e-learning and distance education through the “Madrasati” platform, which provided online education for public schools and was ranked among the best seven global e-learning platforms, the state news agency said.

The Health Ministry on Monday reported 70 new Covid-19 cases and 81 recoveries over the past 24 hours. The number of active cases reached 2,357 with 343 deemed critical.

The ministry reported five new deaths, bringing the total fatalities in the kingdom to 8,661 since the pandemic began.

Earlier this month, Saudi Arabia lifted travel restrictions from the UAE, South Africa and Argentina, meaning that people can travel to and from those destinations. The Interior Ministry announcement came after an evaluation of the Covid-19 situation, state media reported.

The kingdom has eased its coronavirus measures and vaccinated residents are allowed to return to Saudi Arabia, even from red-list countries. After being closed to tourists for 17 months, Saudi Arabia started welcoming back vaccinated travellers from August 1.

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

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Ms Yang's top tips for parents new to the UAE
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How tumultuous protests grew
  • A fuel tax protest by French drivers appealed to wider anti-government sentiment
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  • Demonstrators responded to online petitions and flooded squares to block traffic
  • At its height there were almost 300,000 on the streets in support
  • Named after the high visibility jackets that drivers must keep in cars 
  • Clashes soon turned violent as thousands fought with police at cordons
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Director: Raed Zeno

Rating: 4/5

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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 End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre

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  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
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  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
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Champions League quarter-final, first leg

Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

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Premier League, kick off 7.30pm (UAE)

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Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

PROFILE OF STARZPLAY

Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

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Updated: September 20, 2021, 9:12 AM