When I was in ninth grade, the mandatory curriculum included a year of United States history. My history book – which contrary to what my children say, was not written on stone tablets – included two very short chapters at the end, one on “contributions of women”, and the other on “contributions of African-Americans”. Other than those specific chapters, the book was a long chronology of war, conquest and presidents, and as I look back at the book now, it seems like a demonstration of the old saying that history is written by the victors. I’ve been thinking about that book recently because my older son is about to start his GCSE exams, the tests that mark the end of Year II; and because for the past few weeks seniors at New York University Abu Dhabi have been presenting their final projects. The GCSEs are quite different from the independent projects undertaken by the university students, of course, and yet both the exams and the projects endeavour to measure what a student has learnt and how well the student can demonstrate that learning.
My old history book offered a very clear picture of what we were supposed to learn, both explicitly and implicitly. It created a narrative of US history that reinforced ideas of US exceptionalism and skated over the inconvenient bits (the Civil War, the treatment of Native Americans). Those two ancillary chapters implied that while non-white non-men may contribute to history, they didn’t make the actual history itself.
Now, however, we think of “history” as the product of many different factors and populations, a more complex view that gives us a fuller understanding of how we’ve got to where we are. Of course this more complex view also makes it harder to study and to test: you can’t include everything in a history curriculum, for instance, so how do you choose where to set the focus?
I can hear the teachers in the STEM areas of science, technology, engineering, and maths saying that their disciplines are more clear-cut: the elements in the periodic table don’t protest about being marginalised, for example, and the planets whirl along in their orbits regardless of human politics. The planets might not be influenced by human politics, but as any young woman interested in STEM can tell you, it’s a bit more complicated on the ground, where women are consistently underrepresented in these fields. It’s almost as if they’re still working inside the “contributions of …” chapter and haven’t yet made it into the rest of the book. (The one exception to this trend is in the Arab world, where women are making consistent inroads into these disciplines.)
The NYUAD student projects across the disciplines seemed intent on challenging the conventional narratives, which is the difference between university-level work and the exams such as the GCSE. What struck me about these projects is that they demonstrated what the students had learnt not through a point-by-point regurgitation of disciplinary principles or facts but through their ability to transform the building blocks of instruction into something new. The students developed these projects, in many instances, in conjunction with what gets called “experiential learning”, a fancy phrase that means doing things outside the classroom: visit an archaeological dig to understand ancient art, participate in international debate competitions about the intricacies of global economies, visit a hospital to see the innovations in medical imaging.
That’s what we want from our university graduates, isn’t it? Young people who can take information and adapt it? We want students who, if confronted by my ancient history book, would look at those last-chapter contributions and wonder if anything else had been left out. The question we need to ask ourselves, then, is how can we cultivate that spirit of inquiry in younger students so that they learn how to ask the hard questions that can lead to innovation and creativity, and who won’t be content with just the words in a textbook?
Deborah Lindsay Williams is a professor of literature at NYU Abu Dhabi
Squad
Ali Kasheif, Salim Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdulrahman, Mohammed Al Attas, Abdullah Ramadan, Zayed Al Ameri (Al Jazira), Mohammed Al Shamsi, Hamdan Al Kamali, Mohammed Barghash, Khalil Al Hammadi (Al Wahda), Khalid Essa, Mohammed Shaker, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Al Hassan Saleh, Majid Suroor (Sharjah) Walid Abbas, Ahmed Khalil (Shabab Al Ahli), Tariq Ahmed, Jasim Yaqoub (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Muharami (Baniyas)
J%20Street%20Polling%20Results
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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.”
if you go
TUESDAY'S ORDER OF PLAY
Centre Court
Starting at 2pm:
Malin Cilic (CRO) v Benoit Paire (FRA) [8]
Not before 4pm:
Dan Evans (GBR) v Fabio Fogini (ITA) [4]
Not before 7pm:
Pablo Carreno Busta (SPA) v Stefanos Tsitsipas (GRE) [2]
Roberto Bautista Agut (SPA) [5] v Jan-Lennard Struff (GER)
Court One
Starting at 2pm
Prajnesh Gunneswaran (IND) v Dennis Novak (AUT)
Joao Sousa (POR) v Filip Krajinovic (SRB)
Not before 5pm:
Rajeev Ram (USA) and Joe Salisbury (GBR) [1] v Marin Cilic v Novak Djokovic (SRB)
Nikoloz Basilashvili v Ricardas Berankis (LTU)
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
Company%20Profile
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COMPANY%20PROFILE
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THE TWIN BIO
Their favourite city: Dubai
Their favourite food: Khaleeji
Their favourite past-time : walking on the beach
Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Ad Astra
Director: James Gray
Stars: Brad Pitt, Tommy Lee Jones
Five out of five stars
The story of Edge
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.
It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.
Edge has an annual revenue of $5 billion and employs more than 12,000 people.
Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab
Company%20Profile
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Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
2019 Asian Cup final
Japan v Qatar
Friday, 6pm
Zayed Sports City Stadium, Abu Dhabi
Company%20profile
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