Emergency vehicles in Saudi Arabia. SPA
Emergency vehicles in Saudi Arabia. SPA
Emergency vehicles in Saudi Arabia. SPA
Emergency vehicles in Saudi Arabia. SPA

Several Saudi schools and universities to stay closed due to bad weather


Mona Farag
  • English
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Schools and universities in Saudi Arabia's Makkah province will remain closed on Thursday amid expectations of rain.

The province's education department suspended physical classes for pupils and students in Jeddah, Rabigh and Khulais.

King Abdulaziz University suspended lectures at its campuses in Jeddah and Rabigh while the University of Jeddah suspended in-person attendance at all its campuses.

Classes will resume through the Madrasati remote learning platform for all schoolchildren.

The National Centre of Meteorology forecast moderate to heavy rain in many parts of Makkah and Madinah, as well as Jeddah and Rabigh.

Majid Abu Zahra, the head of the Astronomical Society in Jeddah, said the winter solstice began on Thursday at 1.48am.

Thunderstorms are expected in Al Qassim, Riyadh, the eastern region and Tabuk, the Saudi Press Agency reported, with the possible appearance of thunderclouds in Jizan, Asir and Al Baha.

Makkah Municipality said on Wednesday that the city was prepared to deal with the heavy rain.

Earlier, the NCM said thunderstorms accompanied by high winds would limit visibility in parts of Madinah, Makkah and Al Baha.

  • Heavy rains have hit western Saudi Arabia, including the coastal city of Jeddah, causing floods, delaying flights and forcing schools to close. Reuters
    Heavy rains have hit western Saudi Arabia, including the coastal city of Jeddah, causing floods, delaying flights and forcing schools to close. Reuters
  • Vehicles on a waterlogged road, amid heavy rains in Jeddah. Reuters
    Vehicles on a waterlogged road, amid heavy rains in Jeddah. Reuters
  • People walk through floodwaters, on a road in Jeddah. Reuters
    People walk through floodwaters, on a road in Jeddah. Reuters
  • Schools and many workplaces had already been closed nationwide on Wednesday after a holiday was declared following Saudi Arabia's shock defeat of Argentina in the World Cup. Reuters
    Schools and many workplaces had already been closed nationwide on Wednesday after a holiday was declared following Saudi Arabia's shock defeat of Argentina in the World Cup. Reuters
  • A screengrab from a video shows cars being swept down a street in Jeddah.
    A screengrab from a video shows cars being swept down a street in Jeddah.
  • A motorist drives through the water. The road to Makkah, Islam's holiest city, was closed. AFP
    A motorist drives through the water. The road to Makkah, Islam's holiest city, was closed. AFP
  • The water snarled traffic and partially submerged some vehicles. AFP
    The water snarled traffic and partially submerged some vehicles. AFP
  • Heavy storm clouds in Jeddah. Photo: SPA
    Heavy storm clouds in Jeddah. Photo: SPA
  • Heavy storm clouds in Jeddah. Photo: SPA
    Heavy storm clouds in Jeddah. Photo: SPA
  • Heavy storm clouds in Jeddah. Photo: SPA
    Heavy storm clouds in Jeddah. Photo: SPA
  • Heavy storm clouds in Jeddah. Photo: SPA
    Heavy storm clouds in Jeddah. Photo: SPA
  • Heavy storm clouds in Jeddah. Photo: SPA
    Heavy storm clouds in Jeddah. Photo: SPA

The civil defence department called for caution in parts of the kingdom due to the possibility of thunderstorms from Wednesday until Friday.

Fully equipped field teams were on standby in all residential areas, ready to protect residents and their possessions, officials said.

The teams will help to manage water flows and prevent pooling as part of the municipality’s response to the NCM's warnings.

The department stressed the need to stay away from places with fast-moving streams of water, valleys, dams and areas where water pools rapidly.

It advised residents to adhere to instructions issued through various media and social networking sites.

NCM spokesman Hussein Al Qahtani said Jeddah was not expected to experience the torrential rains that lashed the city for several hours last month.

Two people were killed in November after strong winds and heavy rain hit Jeddah and swept away cars.

Several people were rescued from submerged cars.

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.”

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