Schools in the UAE are teaching pupils skills to prepare them for life outside the classroom.
Clubs are being formed to show pupils how to change car tyres, replace light bulbs, cook food, manage tax affairs and more.
At South View School in Dubai, where a club for 15-year-old girls was launched last month, staff take time to prepare them for adult life.
Elizabeth McCullough, South View's head of science, started the club to build pupils' self confidence and offer them real world experiences.
I never thought I would learn how to change a tyre when you could just call somebody to do it
Diya Mulani,
a 15-year-old Indian pupil
“From cooking and car maintenance to understanding taxes and fostering self-assurance, we aim to prepare them for all aspects of life,” said Ms McCullough.
She said the club was a starting point and she would include boys in its activities.
Diya Mulani, a 15-year-old Indian pupil at the school, said she enjoyed learning how to change a tyre for the first time.
“We got these jumpsuits to wear and it [changing a tyre] was really straightforward,” said Diya.
“I never thought I would learn how to change a tyre when you could just call somebody to do it. But this gives you a sense of independence.
“It's very affirming and I feel like it helps me be more confident. Learning these practical skills makes me feel like a more responsible daughter and sister. I feel like I can actually help my family.”
Holistic development
Other schools focused on outdoor survival skills and helping out at home.
Angela Walters-Harris, head of vocational learning at Gems Founders Al Barsha, said her school offered engineering themed vocational courses where pupils were introduced to the trade with a bicycle workshop.
Pupils learnt how to change a chain and how to fix the gears. They also learnt how to wire electrical circuits.
Cooking classes also taught pupils how to cook one-pot dishes on a small budget.
Schools in the UAE are also looking to ensure pupils can survive in the outdoors. Starting in foundation stage one, pupils are taught the safe bushcraft and tool work. As they get older, tools includes the use of potato peelers, hand drills, hammers, saws, loppers, fixed blades and axes.
Lewis Miller, head of the department of outdoor learning at Gems Wellington Academy Silicon Oasis, said their practical skills programme for outdoor learning focused on forest skills.
“The holistic development of our pupils is at the forefront of our teaching,” said Mr Miller.
“Everything is taught through an understanding of practical skills and play theories, facilitating a child-led inquiry approach for all our pupils.”
Jeff Evans, managing director at Learning Key Education Consultancy, said he ran a competition with primary pupils to encourage them to help out at home when he was a former principal at a school in the UAE.
Pupils gained house points for showing they knew how to use the washing machine, mop and brush the floor and wash or dry dishes by hand.
Children aged five and above participate in the Junior Duke Awards, a life skills award for primary school pupils, at Dubai British School Emirates Hills.
Jacqueline Baxter, head of inclusion at Dubai British School Emirates Hills, said pupils had to complete challenges such as cooking, washing a car or polishing their shoes.
Ms Baxter said the school ran a programme called Towards Independence, which was aimed at pupils with special education needs.
“We teach children how to cook, how to budget, we teach children about simple things like going to the supermarket or gardening,” she said.
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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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• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
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When: The one-off Test starts on Friday, May 11
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