Local child prodigies, their parents and those who work to teach and guide them will have a chance to liaise with international experts this weekend at the Asia-Pacific Conference on Giftedness at the Dubai International Convention and Exhibition Centre.
It is the first time in 12 years the conference, which is being organised by the Hamdan bin Rashid Al Maktoum Award for Distinguished Academic Performance, has been held in an Arabian Gulf country.
The gifted child
A gifted child is generally considered to be one who has a higher than average intellectual, creative or artistic ability, beyond their physical development. But Dr Manahel Thabet, a member of the award's organising and scientific committee, steers clear of labels that can "limit by defining". Instead, those in the field try to focus on identifying such children and developing their potential.
"There are children who demonstrate high performance, or who have the potential to do so, and we have a responsibility to provide optimal educational experiences for talents to flourish in as many children as possible," she says.
The conference this weekend will tackle a host of issues, including whether and how to home-school gifted children, how to handle pressure to perform, how to protect and nurture the gifted and talented child and developing local programmes in which they can thrive.
The conference is being held in Dubai for the first time as part of an effort to bring the region's experts together, develop programmes for gifted children, present the latest research and, says Dr Thabet, to "raise awareness of the importance of gifted education at the local, state and national levels".
With the recent introduction of new programmes and awards by the UAE Ministry of Education, teachers are encouraged to obtain the necessary certification to teach gifted students, according to Thabet. "Last month, we witnessed the graduation of the third batch of giftedness teachers, 18 females and two males," she says.
The players
The conference will bring together 1,500 delegates from 45 Arab and Asian countries, as well as Australia, alongside families, children and teachers. Among them will be Thabet, believed to be the only Arab to have earned a doctorate in financial engineering and an active member of Mensa International. Her research in quantum mathematics has attracted the attention of Nasa and various US universities.
Some of the speakers include Dr Howard Gardner, of the Harvard Graduate School of Education and the senior director of Harvard Project Zero, and Dr Albert Ziegler, the chair of educational psychology at the University of Erlangen-Nuremberg, Germany.
Dr Ziegler has published 350 books, chapters and articles in the fields of talent development, excellence, educational psychology and cognitive psychology and is secretary general of the International Research Association for Talent Development and Excellence.
Help for parents
Joining the conference will give parents in the UAE rare access to resources and a chance to network with a cross-section of experts in the field. Gifted children can sometimes have a hard time fitting in with their more average peers. And it is not unusual, Thabet adds, that a parent of a highly gifted student can at times feel isolated as well.
Among the root causes of this isolation, she says, is the absence of education and training for parents, which can leave them feeling that they lack the knowledge they need to handle and develop a gifted child.
"But if it's identified and treated, they can merge into society and have no social issues at all," says Thabet. "This conference can help connect them to a network to reduce this sense of isolation."
Saturday until July 18, ICEC, Dubai. For details, visit www.giftedness2012.com
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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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.”
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- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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