ABU DHABI // A new reading programme hopes to promote a love of words among families in the capital, some of whom read for less than 45 minutes a day.
The emirate's education authority, Adec, will distribute free children's books in schools, homes, parks and malls as part of the two-week Abu Dhabi Reads programme launched yesterday
"We don't just want pupils to read," said Dr Mugheer Khamis Al Khaili, director general of Adec. "We want them to learn through reading."
A recent survey by Adec in public and private schools found 50 per cent of families were not engaging in enough reading time, spending five hours or less with books a week.
The result compares favourably with other countries in the region: Turkish media recently reported families there were spending about 11 minutes a week, while the UK Reading Agency estimated families spent 5.4 hours reading a week in 2000.
But Dr Al Khaili said the authority needed to instil an even greater desire to read and promote creativity to move the country towards a knowledge-based economy.
"Oil was the basis of our economy in the past, but now there is an increasing demand to move away from that dependence, especially with the increase in population."
More than 75,000 kindergarten and primary school pupils will take part in workshops and competitions organised by Adec with the support of the Abu Dhabi Tourism Authority, the municipality, UAE Writers Union, General Authority of Islamic Affairs and Endowment, Sheikh Mohammed bin Khalid Al Nahyan Association for Future Generations and Abu Dhabi Media Company, which publishes The National.
Dr Karima Al Mazroui, Adec's Arabic curriculum section manager, said reading formed the basis for acquiring knowledge.
"It is a shock to see some students who move up to secondary school without knowing how to read," said Dr Al Mazroui. "Children who get involved in reading activities also keep away from mischief and bullying. This is a good way to keep them engaged."
She said parents had an important role to play in inculcating the habit of reading at a young age.
Schools will get involved by organising character days, where children will come dressed as their favourite fictional characters, as well as storytelling sessions and home reading programmes.
Children will also be taken to the Abu Dhabi International Book Fair, which runs at the Abu Dhabi National Exhibition Centre from the 24th to the 29th of this month.
Dr Al Khaili said there will be more emphasis to get pupils to read books in Arabic this year.
The authority will be delivering 27 lectures to parents in Abu Dhabi, Al Ain and the Western Region, and dedicate the Friday sermons in mosques to raise awareness about the importance of reading.
The Environment Agency-Abu Dhabi will be handing out environmental books at Khalidiya Mall, Bawadi Mall and City Mall.
aahmed@thenational.ae
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Install an air filter in your home.
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Indoor cricket in a nutshell
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
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How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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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- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
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What are the regulations?
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Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae