Schools in the UAE are increasing the number of non-academic routes available to pupils to prepare them for a rapidly-evolving world of work.
Bloom World Academy in Dubai will be introducing an Artificial Intelligence BTEC (Business and Technology Education Council) course in the UAE for all pupils aged 14 and above in the new term, while pupils at Abu Dhabi's British School Al Khubairat will be able to pursue BTECs in hospitality or e-sports from August.
BTECs are specialist work-related school-leaving qualifications from the Business and Technology Education Council. These courses ensure pupils get practical hands-on experience, and do not assess pupils on the typical model of final exams.
Mebs Choudhury, BTEC coordinator at The British School Al Khubairat said the school would be launching a BTEC in hospitality and one in e-sports in August.
“We will be offering a BTEC in hospitality in September as it's an area pupils are interested in because we're in the Middle East and the hospitality industry here is huge,” said Mr Choudhury.
“One of the things we're looking at doing when pupils come in on the BTEC hospitality course, they're not going to just come to school and learn, but we're also going to organise work placements for them in the hospitality industry.
“The thing about vocational education is it’s about actually building an experience for the pupils. It's not just about sitting in a classroom just learning theory, but actually applying that theory to the real world.”
Pupils at the school will be able to go to hotels and other leisure or hospitality businesses like restaurants and cafes to gain work experience.
“We're going to actually make sure that's part of the course, we're going to bring in business owners from the hospitality industry to hold talks for them and help them run certain projects,” he said.
Globally, the hospitality sector is facing a talent shortage as more and more people opt for remote jobs.
The UAE hospitality market alone is estimated to be worth $7.37 billion this year and expected to reach $9.46 billion by 2029, according to Mordor Intelligence, reported The National recently.
An e-sporting chance
The British School Al Khubairat will also launch a BTEC in e-sports in August, which will focus on the gaming industry. The school is constructing a gaming room for this purpose.
“There are more and more careers in gaming out there in the future. What we need to do is to prepare our learners for all these industries,” said Mr Choudhury.
“Our pupils, they want to be gamers, they want to maybe work in the sports industry … so providing that option for them means that they've got something to study towards what they're trying to achieve.”
A BTEC course is assessed through projects and work-related tasks and is not exam-based.
The school is also considering launching a BTEC in robotics, possibly in September 2025.
He said initially parents had resisted BTECs as they were worried about whether universities would accept the qualification. Hundreds of universities accept these qualifications, while some require these in combination with A-levels.
Mr Choudhury said BTECs had surged in popularity in recent years. When the school started offering the qualification in 2016, the cohort was only four-people-strong. This year it had 70 pupils studying across three subjects, with 6 pupils graduating with the BTEC Specialist Award in AI.
This year, they launched a supplementary BTEC course in artificial intelligence.
Artificial Inteligence (AI) is one area in which schools are training pupils to ensure they are future-ready.
Bloom World Academy will launch a BTEC in Artificial Intelligence in the new academic year and this will be a mandatory part of the curriculum for senior pupils.
John Bell, principal at Bloom World Academy in Dubai, said: “In an era where AI is rapidly transforming every aspect of our lives, it is crucial that we equip our students with the knowledge and skills to not only use these technologies but also to innovate and lead in their respective fields.
“I think AI has crept up in education and I think it's fundamental that we actually teach AI.
“AI is here to stay and pupils need to understand what goes on behind it. They need to understand when not to use it.
“I think we have a responsibility as educators to make sure children understand it and use it appropriately.”
The BTEC course aims to equip pupils with both theoretical knowledge and practical skills in AI, covering topics from ethical considerations to machine learning and real-world applications in various industries.
The programme will be integrated with the International Baccalaureate (IB) curriculum.
Pupils will learn about the ethics and honesty around AI while also learning programming.
The school is also offering BTECs in other areas such as business or one in sports and leisure.
“We're offering these because they're accessible to all pupils,” said Mr Bell.
“It combines those vocational skills that you need along with the theory of the subjects.
“They're university-friendly … if you do well, the university still look at these qualifications. They're definitely useful for life because children learn vocational skills.”
In a BTEC in sports and leisure, pupils learn about sports and study the physiology of the body, but also learn about working in the sport and leisure industry or the skills needed to become a sports coach or to work in a hotel.
Killing of Qassem Suleimani
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
EA Sports FC 24
MATCH INFO
Barcelona v Real Madrid, 11pm UAE
Match is on BeIN Sports
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Four-day collections of TOH
Day Indian Rs (Dh)
Thursday 500.75 million (25.23m)
Friday 280.25m (14.12m)
Saturday 220.75m (11.21m)
Sunday 170.25m (8.58m)
Total 1.19bn (59.15m)
(Figures in millions, approximate)
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THE SPECS
2020 Toyota Corolla Hybrid LE
Engine: 1.8 litre combined with 16-volt electric motors
Transmission: Automatic with manual shifting mode
Power: 121hp
Torque: 142Nm
Price: Dh95,900
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 SPECS
Jaguar F-Pace SVR
Engine: 5-litre supercharged V8
Transmission: 8-speed automatic
Power: 542bhp
Torque: 680Nm
Price: Dh465,071
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