Five schools in the UAE have won a global award for their efforts to protect the environment and tackle climate change.
Pupils at schools in the Emirates have introduced a host of eco-friendly practices, including developing green passports and using recycled water on school lawns.
Pristine Private School, in Dubai, Springdales School Dubai, Gems Millennium School – Sharjah, Shining Star International School in Abu Dhabi and Delhi Private School Sharjah have all been awarded The Climate Action Project School of Excellence.
Around the world, 250 schools were recognised for their work on climate education.
Schools in the Emirates were hailed for recycling strategies, planting trees, and using solar panels. Schools nominated themselves for their climate education work.
The prize was awarded by Cartoon Network and Climate Action Project, a pupil-centred project involving more than 2.5 million children in 135 countries and supported by governments in 15 countries. Climate Action Project works in collaboration with WWF and Nasa, and is endorsed by the primatologist and environmentalist Jane Goodall.
The awards were announced last week as world leaders, business chiefs and activists gathered at the Cop26 climate summit in Glasgow, Scotland.
At Pristine Private School, environmental sustainability is integrated into the curriculum.
Teachers and school leaders encourage pupils to learn more about climate change and to raise awareness of environmental issues.
Pupil power leads the way
Tasneem Usman, head of senior school at Pristine Private School, said pupils had brainstormed solutions to environmental issues and focused on the UN Sustainable Development Goals.
“On World Food Day, the school focused on promoting wellbeing and health,” Ms Usman said.
“Pupils ran a community campaign where they collected and handed out packed items like rice, sugar and lentils to workers. Our pupils also participate in clean-up drives across the city.”
The school runs an initiative called Simply Bottles, through which they collect and recycle water bottles.
Pupils at Gems Millennium School Sharjah were honoured for their recycling project.
Every pupil at the school, from kindergarten to grade 12, is armed with a green passport in which to record their day-to-day recycling.
“What they [the awarding body] appreciated most was that instead of just discussing possible solutions, the children were taking a lot of action,” said principal Teresa Varman.
“The green project has really taken off with this, and we have made substantial contributions to Beeah [the environmental management company].
“This has created a green footprint revolution in school.”
Pupils and teachers at the school have pledged to take individual steps to reduce carbon footprint.
The school has a recycling centre to which pupils bring in newspapers, plastic and cans. The recyclable material brought in by each pupil is weighed and recorded in the passport.
Pupils at the school have also pledged not to use single-use plastic and do not bring water in plastic bottles.
Ms Varman said the award had inspired children to become more environmentally conscious.
Ideas for a greener future
Delhi Private School Sharjah has an innovation hub in which children are encouraged to work on sustainable projects.
Adeeba Waseem, the co-ordinator for the programme, said pupils had developed a system through which the school’s lawns were watered and maintained with recycled water.
Solar panels have also been installed.
The selected 250 Climate Action Project Schools of Excellence were announced on Climate Action Day, held on November 4 in 135 countries. Speakers included the UK’s Prince William, the former president of Seychelles James Alix Michel, and other world leaders, climate scientists and activists.
At the award ceremony, Prince William said: “We need youth’s creativity to repair our planet. We need students to invent and to innovate – to think beyond where we are now and to be optimistic about our future.”
The winners were announced by Dan Russell, the voice actor behind several characters in the Cartoon Network series The Amazing World of Gumball, and Nandi Bushell, an 11-year-old musician, influencer and climate advocate.
THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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KILLING OF QASSEM SULEIMANI
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.”
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
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The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates