Students take photos before the Mohamed bin Zayed University of Artificial Intelligence's first graduation ceremony, in Abu Dhabi. The UAE’s development of a competitive education system is a continuing process. Khushnum Bhandari / The National
Students take photos before the Mohamed bin Zayed University of Artificial Intelligence's first graduation ceremony, in Abu Dhabi. The UAE’s development of a competitive education system is a continuing process. Khushnum Bhandari / The National
Students take photos before the Mohamed bin Zayed University of Artificial Intelligence's first graduation ceremony, in Abu Dhabi. The UAE’s development of a competitive education system is a continuing process. Khushnum Bhandari / The National
Students take photos before the Mohamed bin Zayed University of Artificial Intelligence's first graduation ceremony, in Abu Dhabi. The UAE’s development of a competitive education system is a continui


Why studying in the UAE is becoming more attractive


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April 02, 2024

When the UAE’s Founding Father the late Sheikh Zayed bin Sultan Al Nahyan said “the prosperity and success of the people are measured by the standard of their education”, he was not making a mere observation. Education has been at the heart of the national project since the Emirati state was founded in 1971.

Education in the years shortly before and after the union was not all that it could have been, given that the nation had just begun its national development. According to official figures, in 1975, the rate of adult literacy was 58 per cent among men and 38 per cent among women. Today, however, literacy rates for Emiratis of both genders are close to 95 per cent. Providing land and funds for new schools that would cater for the children of the many foreign workers who came to the Emirates and contributed to its success was also a priority for the country’s leadership.

Elementary schooling was just the beginning of the story. In the space of two generations, the country has transitioned from having an informal, didactic education model to one where world-class universities such as the Sorbonne and New York University have set up campuses here. Accomplished and experienced academics abound in the country’s higher education system, and pioneering institutions, such as the Mohamed bin Zayed University of Artificial Intelligence, continue to break new ground. This, and the fact that there are more accredited degree programmes on offer here than ever before, makes this week’s news that fewer young Emirati are choosing to travel to the US for their studies understandable.

New York University Abu Dhabi's Saadiyat Island campus. Accomplished and experienced academics now abound in the UAE's higher education system. Photo: Tamkeen
New York University Abu Dhabi's Saadiyat Island campus. Accomplished and experienced academics now abound in the UAE's higher education system. Photo: Tamkeen

According to the Institute of International Education's Open Doors Report on International Educational Exchange, over the past eight years there has been a significant drop in the number of Emiratis studying at American colleges and universities. Concerns about safety, gun control and tuition fees in the US have played their part, and although prestigious foreign universities will always remain a draw for many young people in the UAE, an increasing number are choosing to avail themselves of opportunities closer to home.

The UAE’s development of a competitive education system that is geared towards the needs of the 21st century is an ongoing process that has relied as much on partnership – that is, getting the best from foreign universities and academics – as it has on the country’s long term planning and abundant resources. This has led to some fruitful collaborations with locally based researchers that have also helped the Emirates develop further and reflect critically on its own trajectory. To take one example, in February The National reported on a two-year collaboration between researchers at Abu Dhabi University and the London School of Economics that examined transport in the capital and changes that could help to make the city more connected.

The years of investment, partnership and strategic thought that have gone into higher education in the UAE are paying off. In September last year, Abu Dhabi University became the first in the UAE to be ranked in the global top 250 by Times Higher Education, and six universities in the Emirates have been included in the World University Rankings for this year.

It is not just the world of academia that is recognising these accomplishments; young people in the Middle East do, too. According to the Arab Youth Survey 2023, nearly a quarter of young Arabs surveyed across the 18 states said that the UAE was the country they most wanted to live in. When added to the UAE’s reputation for stability and safety, it is not surprising that more young people – Emirati and foreign alike – are choosing the country as a place to study.

There is still some way to go before UAE institutions are competing on an equal footing with the likes of the centuries-old colleges. But Emirati universities are going in the right direction and continue to attract top global talent; yesterday it was announced that Prof Timothy Baldwin, a distinguished figure in the field of natural language processing, has been appointed as provost of Mohamed bin Zayed University of Artificial Intelligence.

Offering an attractive and accessible world-class education will be vital for the country to succeed in the 21st century and beyond, as UAE Founding Father Sheikh Zayed had initially envisioned.

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A little about CVRL

Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery. 

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

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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The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Updated: April 03, 2024, 5:07 AM