Abu Dhabi will host an early childhood development forum on March 15
Abu Dhabi will host an early childhood development forum on March 15
Abu Dhabi will host an early childhood development forum on March 15
Abu Dhabi will host an early childhood development forum on March 15

Abu Dhabi forum to place spotlight on early childhood development


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Abu Dhabi will host an early childhood development forum on March 15 to campaign for the health, well-being, learning and development of young children from birth to 8 years old.

The World Early Childhood Development forum is being organised by Abu Dhabi’s Early Childhood Authority (ECA) and will be held for two days at Yas South Skate Park in the capital.

ECA works on health and nutrition, child protection, early education and supports mothers from pregnancy until their children’s eighth birthdays.

There will be 50 speakers and more than 250 policy influencers, academics and professionals from various sectors.

The experts will debate and suggest the best family-friendly policies to help with the raising of children.

The lives of four children from different social backgrounds will come under scrutiny for analysis.

The forum will also focus on age-appropriate technology for children, 21st-century lifestyle, emotional well-being and important social interaction for young ones.

It will also discuss how to let children play and exercise safely in a hot climate and how Covid-19 has affected disabled children.

David Eagleman, American neuroscientist at Stanford; Dr Dimitri Christakis, director of the Centre for Child’s Health, Behaviour and Development at Seattle Children’s Research Institute; Tim Shriver, chairman of the Special Olympics; and educational psychologist and best-selling author Michele Borba will be key speakers.

A fun run for children will be held at the end of the two-day event.

Sheikh Theyab bin Mohamed bin Zayed is the chairman of the Abu Dhabi Early Childhood Authority.

Emirati Children's Day - in pictures

  • Little ones play in the Umm Al Emarat Park in Abu Dhabi. Emirati Children’s Day is marked annually on March 15. All photos: Victor Besa / The National
    Little ones play in the Umm Al Emarat Park in Abu Dhabi. Emirati Children’s Day is marked annually on March 15. All photos: Victor Besa / The National
  • Children ride their scooters in the Umm Al Emarat Park.
    Children ride their scooters in the Umm Al Emarat Park.
  • A small child waves and smiles for the camera.
    A small child waves and smiles for the camera.
  • Emirati Children’s Day coincides with the launch of the Wadeema Law and aims to raise awareness about children’s rights and welfare.
    Emirati Children’s Day coincides with the launch of the Wadeema Law and aims to raise awareness about children’s rights and welfare.
  • Emirati families celebrate Children's Day on March 15.
    Emirati families celebrate Children's Day on March 15.
  • Children ride a toy train in Umm Al Emarat Park.
    Children ride a toy train in Umm Al Emarat Park.
  • A Korean family spends the day in the park.
    A Korean family spends the day in the park.
  • A child rides his scooter in Umm Al Emarat Park.
    A child rides his scooter in Umm Al Emarat Park.
  • Two Emirati boys play on their tablet.
    Two Emirati boys play on their tablet.
  • An Emirati family spends the morning in Umm Al Emarat Park.
    An Emirati family spends the morning in Umm Al Emarat Park.
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PREMIER LEAGUE TABLE

1 Man City    26   20   3   3   63   17   63 

2 Liverpool   25   17   6   2   64   20    57 

3 Chelsea      25   14   8  3   49   18    50 

4 Man Utd    26   13   7  6   44   34    46 

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7 Wolves       24  12   4   8   23   18   40 

8 Tottenham  23  12   4   8   31   31   39  

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

EA Sports FC 25

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.”

 

 

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Updated: March 07, 2022, 9:41 AM