Academic year to end early for children



DUBAI // Classes for government school pupils from kindergarten to Grade 2 in Dubai and the Northern Emirates will end nearly one month early.

Thursday will be the last day of the academic year for the children as well as those in private schools that follow the Government’s curriculum, according to Hussain Al Hammadi, the Minister of Education.

In Abu Dhabi, the truncated school year applied only to kindergarten pupils, said the Abu Dhabi Education Council (Adec).

During the examination season, which begins next week for most grades, it is common for parents of children in public schools, who are in kindergarten up to Grade 2, to keep them at home, as they are not issued end-of-year assessments.

As that has been the case, “we wanted to make it official” that these children were not required to attend school, said Mr Al Hammadi.

Truncating the school year for these pupils also allows the ministry to reallocate teachers to administration work and monitoring examinations.

“We are using the human resources available from KG1 and KG2 to oversee the national exams for high school this year,” said Mr Al Hammadi.

In Abu Dhabi, where public schools are operated and regulated by Adec, children in Grades 1 to 11 are required to attend classes until the academic year ends on June 23.

Private schools will also continue to operate until at least June 23 for pupils and June 30 for staff.

The academic calendar for Grade 12 concludes when the schoolchildren complete their end-of-year assessments, which start on Sunday and end on June 9 for public schools.

Adec also announced that the daily hours of instruction would be reduced when Ramadan, expected to begin on June 6, overlaps with the end of the school year.

Period times had been reduced from 45 to 40 minutes and the number of periods for Grades 10 and 11 had been reduced from nine to seven, Adec said on Tuesday.

Public schools for boys in Abu Dhabi will begin at 8.15am and end at 1.10pm, while those for girls will operate from 9am to 1.55pm.

Adec said the reduced hours would apply to all grades in public schools during Ramadan. It did not issue any statement regarding private schools.

In Dubai, private schools have been told to start between 8am and 8.30am and finish between 1pm and 1.30pm, according to the Knowledge and Human Development Authority, which regulates private schools in the emirate.

The Education Ministry said it would announce operating hours during Ramadan for public schools in Dubai and the Northern Emirates next week, said the ministry.

Mr Al Hammadi said the ministry would introduce a new curriculum for the 2016-2017 academic year, which would require pupils from KG1 to Grade 2 to attend classes for the full academic year.

“Next year, we’ll have a new plan with the new reform, which will have different emphasis,” he said. “We will change the evaluation and assessment plan from KG1 and KG2 and Grade 1 and Grade 2 to match it and align it with the other grades.”

Presently, only children from Grades 3 to 12 have to take an end-of-year examination in schools that follow the ministry’s curriculum.

“But we are introducing now a new end-of-year assessment to evaluate the holistic skills and competencies of the children in those grades starting next year,” said Mr Al Hammadi, referring to Grades 1 and 2.

Details of the new Emirati School Model, as the minister called it, will be announced in the coming weeks.

rpennington@thenational.ae

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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.

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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.

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“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.

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“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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1. End poverty in all its forms everywhere

2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture

3. Ensure healthy lives and promote well-being for all at all ages

4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

5. Achieve gender equality and empower all women and girls

6. Ensure availability and sustainable management of water and sanitation for all

7. Ensure access to affordable, reliable, sustainable and modern energy for all

8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation

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13. Take urgent action to combat climate change and its effects

14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development

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