Two private schools in the UAE have been shortlisted for the World’s Best School Prize 2024 in recognition of their work in environmental action and promoting health initiatives.
The Dubai International Academy Emirates Hills was named in the top 10 shortlist for Environmental Action while Gems Legacy School was named in the top 10 shortlist for Supporting Healthy Lives.
Founded by T4 Education in collaboration with Accenture, American Express, and the Lemann Foundation, the award is across five categories – community collaboration, environmental action, innovation, overcoming adversity and supporting healthy lives.
This year’s winners will share a $50,000 prize fund and will be invited to the World Schools Summit, to be held in Dubai on November 23 and November 24.
Adding trampolining to the curriculum
Gems Legacy School is going all out to develop health plans for their entire community – pupils, teachers and parents.
From plans to add trampolining to the curriculum to hosting sleep hygiene workshops, to breaks for eating fruits to nutrition literacy programmes for pupils and parents, the school has developed unique programmes to promote good health.
Asha Alexander, principal of Gems Legacy School, said: “We are working to make sure trampolining is built into the curriculum, so children go every quarter.
“We are not just promoting healthy lives for our pupils but also for our teachers who have diabetes.
“We worked with Bounce [a trampoline park in the UAE] and got Fitbits for all the teachers, and they had challenges to make sure they were reducing weight.
“We also had a doctor come and speak to them about diabetes reversal, so several teachers are on a programme to reverse diabetes.”
The school also works with underprivileged children in the Indian state of Uttar Pradesh through the Beti Bachao Beti Padhao (Save girls, Educate girls) Organisation.
“We have been educating them about cleanliness and sanitation and the importance of good nutrition and exercise,” she said.
“We also do something called walk for water to bring home the importance of drinking clean, safe drinking water across the world.”
Pupils walk while carrying water without spilling it, an exercise that helps them understand what children experience in other parts of the world where water is scarce.
The school also organised sleep hygiene workshops and taught children why they should sleep at a certain time instead of staying up to scroll through social media.
“Especially in places like Dubai, where it's very hot and children don't exercise, there is a great tendency to have fast food. So, we have instituted fruit breaks to make sure children eat clean,” said Ms Alexander.
Giving pupils the power to lead
The Dubai International Academy Emirates Hills has an Eco Club with an impressive 15-year-old legacy.
The club hosted the inaugural model Cop28 event in November 2023, allowing 130 pupils from across Dubai to tackle pressing environmental issues, particularly plastic pollution in the UAE, through debates.
Hitesh Bhagat, principal at the Dubai International Academy Emirates Hills, said: “The most important part of what our school does is that it is student-led. It's not something which we are pushing, pupils come with different ideas.
“There is a big push for pupils to walk and bike to the school, a lot of carpool opportunities for our parents, so that they have a car-free day. We even celebrate some days where electricity use is minimal.”
The school has raised awareness about the importance of electronic waste recycling by initiating campaigns for World Environment Day and Campus Sustainability Month.
During the e-waste drive, the school collected old digital devices and teamed up with a company to recycle these products. The school raised around 2,000kg of e-waste.
Pupils are now working with local companies to introduce e-waste bins across malls in Dubai.
They have also worked on plans to use solar panels, and reuse school uniforms and textbooks, as well as taken part in a plant adoption drive.
Established in 2022, the World’s Best School Prize gives a platform to schools that are changing lives in their classrooms and far beyond their walls.
The winners of the five prizes will be chosen by expert judges and a public vote that opened on Thursday.
The school that receives the most public votes will receive the Community Choice Award.
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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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Goalkeepers: Franco Armani, Agustin Marchesin, Esteban Andrada
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PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
WHAT IS A BLACK HOLE?
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Kamindu Mendis bio
Full name: Pasqual Handi Kamindu Dilanka Mendis
Born: September 30, 1998
Age: 20 years and 26 days
Nationality: Sri Lankan
Major teams Sri Lanka's Under 19 team
Batting style: Left-hander
Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)
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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