:Dr Farid Ohan, the director of HCT’s Sharjah colleges, says that no student should drop out for want of the basics.
:Dr Farid Ohan, the director of HCT’s Sharjah colleges, says that no student should drop out for want of the basics.

Colleges short of help for needy



DUBAI // Dubai Women's College is appealing for donations to make up a Dh1 million shortfall in assistance for needy students.

Each year, between 10 and 20 per cent of the 2,300 students at the institute, which is part of the Higher Colleges of Technology, ask for financial help with transport, computers and meals.

The federal college typically pays out Dh1.5m or more a year in grants of up to Dh2,000 a month for transport from remote areas, Dh5,000 for laptops and Dh30 a day for food in the college canteen.

But while the federal budget covers all Emirati students' undergraduate fees - up to Dh97,000 a year - it does not pay for grants, and Dubai Women's College (DWC) is still Dh1m short of what it says it needs.

With growing enrolment, this year's target for the grants has risen to Dh1.8 million.

So far, the Mohammed bin Rashid Al Maktoum Foundation has given Dh300,000, for 61 laptops, and the Dubai Islamic Foundation a further Dh500,000.

Last year, donors included the Red Crescent, Noor Islamic Bank and Sheikh Hamdan bin Mohammed, Crown Prince of Dubai.

This year, 97 of DWC's new students have asked for transport aid, 139 for laptops and 100 for food.

Fatma Al Thani, the student counsellor at the college, said many more students needed help but were ashamed to ask.

"It's important to remember that not all Emiratis are wealthy," Mrs Al Thani said. "Most students don't come and ask for help by themselves. They are very embarrassed to ask for money."

Beit Al Khair Society, a charity that helps needy Emiratis, reviews the requests on DWC's behalf, assessing each student's situation.

"Some students have around 10 siblings or more, or might have lost their father," Mrs Al Thani said.

"We have one student here with two sisters at the college, so for her mother it costs Dh6,000 alone in transportation from where they live, out towards Al Ain."

She said the college should look for other means of sponsorship, as the annual drive for donations was a challenge and growing harder.

"We used to have students who were sponsored but not any more, maybe because of the recession," Mrs Al Thani said. "We are looking at reaching out to some of our alumni, as we have around 5,000 now.

"The banks and companies doing this also only want the students with high scores and in the latter stages of their studies, as they see them as people they would hire, but these are not always the girls who need help."

Other HCT campuses also have to find funds for grants, although Dr Farid Ohan, the director of HCT's Sharjah colleges, said they had always managed.

"We have always had students in need, needs that are not normally covered by the budget we receive, such as food, transportation and more recently the required laptop," Dr Ohan said.

"Once we have established that a student is in genuine need, however, we have had not had any problems raising funds to support them from generous individuals, charitable organisations and private businesses in our community."

The Sharjah colleges have recently managed to help students with special needs. One was sent to Canada to receive treatment for a stutter.

Dr Ohan and Mrs Al Thani maintain that no student should drop out for want of basics.

"I am not aware of a single case where a student has presented us with a demonstrated need for food, transportation, or a laptop assistance without us finding a way to help them," said Dr Ohan.

Dr Robert Moulton, the head of the Ras Al Khaimah campus, said the local government providing buses was a "big asset". About 10 per cent of its 1,200 students require some kind of financial assistance.

Saeed Abu Al Reesh, the head of community relations at the RAK campus, said students were most likely to seek grants for laptops.

The local community, businesses and government offer support, Mr Al Reesh said.

"In the end we always get what we need but it takes time and hard work," he said.

Bharatanatyam

A ancient classical dance from the southern Indian state of Tamil Nadu. Intricate footwork and expressions are used to denote spiritual stories and ideas.

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.”

Who has been sanctioned?

Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.

Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.

Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.

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Power: 248hp at 5,200rpm

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Transmission: 8-speed auto

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Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

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Rating: 4.5/5

Roll of honour 2019-2020

Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain

West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership

UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes

UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

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Day 5, Abu Dhabi Test: At a glance

Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.

Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.

The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.

The specs

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