Syrian girls, carrying school bags provided by UNICEF, walk past the rubble of destroyed buildings on their way home from school in the northern Syrian city of Aleppo. AFP
Syrian girls, carrying school bags provided by UNICEF, walk past the rubble of destroyed buildings on their way home from school in the northern Syrian city of Aleppo. AFP
Syrian girls, carrying school bags provided by UNICEF, walk past the rubble of destroyed buildings on their way home from school in the northern Syrian city of Aleppo. AFP
Syrian girls, carrying school bags provided by UNICEF, walk past the rubble of destroyed buildings on their way home from school in the northern Syrian city of Aleppo. AFP


UAE is a global advocate for education and youth


  • English
  • Arabic

August 01, 2021

Even before the pandemic gripped the world, the education scenario globally was far from ideal. Despite decades of hard-won progress in education for all children, millions more across the world needed to be in school, studying and improving their prospects for life. In 2018, the estimate was that globally more than 258 million children and adolescents were out of school, according to the United Nations Educational, Scientific and Cultural Organisation (Unesco). In April last year, when Covid-19 upended all our lives, perhaps one of the biggest developmental setbacks was that the virus endangered decades of progress made in global education – last year, close to 1.6 billion children and youth were out of school.

The worst affected continued to be pupils in developing countries, for whom the chances of an education, and thus a life rid of poverty, were slipping away by them remaining out of the classroom. And an unfortunate reality is that girls are rendered especially disadvantaged in developing countries. The pandemic further exacerbated reasons why so many – 129 million girls worldwide, according to the UN – had to stay home.

It is up to wealthier countries to ease the obstacles in the path of every girl's progress. In fact, a former president of Tanzania Jakaya Kikwete recently called it the “moral duty” of wealthy nations to invest in the education of children in the developing world.

At last week's Global Education Summit in London, where people such as Malala Yousafzai and the WHO's Director General, Tedros Adhanom Ghebreyesus, spoke, these challenges that stand in the way of education for all – as per the fourth UN Sustainable Development Goal – formed a part of the discussion. The aim of the summit was to raise at least $5 billion to support the work of the Global Partnership for Education (GPE), the largest global fund to transform education in lower-income countries.

To this end, the UAE has pledged Dh367 million ($100m) to the GPE. In a promising development, over the next five years, the Emirates will support educational programmes in developing countries – prioritising the plight of girls. Reem Al Hashimy, the UAE Minister of State for International Co-operation, rightly said that children's education is a priority when it comes to foreign aid for developing countries around the world.

The UAE is a long-standing supporter and advocate of education, providing aid where needed, for years. Previously, in 2018, the Emirates pledged $100m to support the GPE, in Dakar, Senegal. And in January 2019, to mark International Education Day, the Abu Dhabi Fund for Development granted Dh2.5 billion for 129 projects in the education sector across 14 developing countries.

These instances illustrate the importance of the point Dr Tedros made last week at the summit when he said that investment was needed to provide safe schooling in the age of the pandemic. "The pandemic has hit the world’s children hard," Dr Tedros said. "This has magnified inequities for already marginalised children, especially girls."

When Ms Al Hashimy talks of developing the skills women, girls, and youth needed for long-term success, it is necessary that we listen and do what is in our individual capacities to make sure every child has the opportunity to overcome socioeconomic disadvantages and get his or her due – fundamentally, the right to learn and the right to a good education.

THE BIO

Favourite author - Paulo Coelho 

Favourite holiday destination - Cuba 

New York Times or Jordan Times? NYT is a school and JT was my practice field

Role model - My Grandfather 

Dream interviewee - Che Guevara

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Dubai World Cup factbox

Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)

Most wins by a jockey: Jerry Bailey(4)

Most wins by an owner: Godolphin(9)

Most wins by a horse: Godolphin’s Thunder Snow(2)

Heather, the Totality
Matthew Weiner,
Canongate 

Unresolved crisis

Russia and Ukraine have been locked in a bitter conflict since 2014, when Ukraine’s Kremlin-friendly president was ousted, Moscow annexed Crimea and then backed a separatist insurgency in the east.

Fighting between the Russia-backed rebels and Ukrainian forces has killed more than 14,000 people. In 2015, France and Germany helped broker a peace deal, known as the Minsk agreements, that ended large-scale hostilities but failed to bring a political settlement of the conflict.

The Kremlin has repeatedly accused Kiev of sabotaging the deal, and Ukrainian officials in recent weeks said that implementing it in full would hurt Ukraine.

UAE currency: the story behind the money in your pockets
Key features of new policy

Pupils to learn coding and other vocational skills from Grade 6

Exams to test critical thinking and application of knowledge

A new National Assessment Centre, PARAKH (Performance, Assessment, Review and Analysis for Holistic Development) will form the standard for schools

Schools to implement online system to encouraging transparency and accountability

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 bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

Uefa Nations League: How it works

The Uefa Nations League, introduced last year, has reached its final stage, to be played over five days in northern Portugal. The format of its closing tournament is compact, spread over two semi-finals, with the first, Portugal versus Switzerland in Porto on Wednesday evening, and the second, England against the Netherlands, in Guimaraes, on Thursday.

The winners of each semi will then meet at Porto’s Dragao stadium on Sunday, with the losing semi-finalists contesting a third-place play-off in Guimaraes earlier that day.

Qualifying for the final stage was via League A of the inaugural Nations League, in which the top 12 European countries according to Uefa's co-efficient seeding system were divided into four groups, the teams playing each other twice between September and November. Portugal, who finished above Italy and Poland, successfully bid to host the finals.

PRO BASH

Thursday’s fixtures

6pm: Hyderabad Nawabs v Pakhtoon Warriors

10pm: Lahore Sikandars v Pakhtoon Blasters

Teams

Chennai Knights, Lahore Sikandars, Pakhtoon Blasters, Abu Dhabi Stars, Abu Dhabi Dragons, Pakhtoon Warriors and Hyderabad Nawabs.

Squad rules

All teams consist of 15-player squads that include those contracted in the diamond (3), platinum (2) and gold (2) categories, plus eight free to sign team members.

Tournament rules

The matches are of 25 over-a-side with an 8-over power play in which only two fielders allowed outside the 30-yard circle. Teams play in a single round robin league followed by the semi-finals and final. The league toppers will feature in the semi-final eliminator.

Fresh faces in UAE side

Khalifa Mubarak (24) An accomplished centre-back, the Al Nasr defender’s progress has been hampered in the past by injury. With not many options in central defence, he would bolster what can be a problem area.

Ali Salmeen (22) Has been superb at the heart of Al Wasl’s midfield these past two seasons, with the Dubai club flourishing under manager Rodolfo Arrubarrena. Would add workrate and composure to the centre of the park.

Mohammed Jamal (23) Enjoyed a stellar 2016/17 Arabian Gulf League campaign, proving integral to Al Jazira as the capital club sealed the championship for only a second time. A tenacious and disciplined central midfielder.

Khalfan Mubarak (22) One of the most exciting players in the UAE, the Al Jazira playmaker has been likened in style to Omar Abdulrahman. Has minimal international experience already, but there should be much more to come.

Jassim Yaqoub (20) Another incredibly exciting prospect, the Al Nasr winger is becoming a regular contributor at club level. Pacey, direct and with an eye for goal, he would provide the team’s attack an extra dimension.

A Long Way Home by Peter Carey
Faber & Faber

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Updated: August 01, 2021, 6:55 AM