As thousands of final-year students in the UAE submit their applications to local universities, we take a look at some of the best higher education options in the Emirates and what they have to offer
Where is it from?
Sharjah
When was it founded?
1997
What is it?
American University of Sharjah is one of the largest and best-established stand-alone universities in the UAE. It was founded by Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, nearly a quarter of a century ago. AUS offers courses in a host of subjects in the arts, business, design, humanities, science, social sciences and technology. In line with its large size and substantial research base, it performs well in international rankings (and is 7th in the QS listings for the Arab region).
Where is it based?
University City, Sharjah.
How has it handled the Covid-19 pandemic?
AUS makes the health and safety of students and the wider community a priority.
The university quickly adapted to online learning in 2020, supplemented by online student success initiatives. AUS also attempted to maintain an active social and extra-curricular life through virtual activities and events.
Important events were held virtually. During 2020 and 2021, graduating students were honoured through online celebrations. More recently, face-to-face graduation events have been held for students whose graduation could previously not take place in-person.
AUS has taken steps to address financial hardship by extending merit scholarship renewals, increasing need-based support and initiating a Covid-19 Summer Support Fund. With the return to face-to-face learning in all classes from January 31, 2022, AUS continues to prioritise health and safety, adhering to directives from the UAE Ministry of Education.
What are examples of the tuition fees?
Dh384,560 – bachelor’s degrees (four years at Dh96,140 per year. Architecture is a five-year course).
Dh156,750 – master of urban planning
Dh113,700 – master of science in mathematics
Dh285,000 – doctor of philosophy in business administration
(additional fees, such as lab fees and application fees, may apply)
AUS offers “a comprehensive merit and need-based financial aid programme for undergraduate students and graduate assistantship opportunities for graduate students”.
What subject areas does it teach?
Bachelor’s degrees include architecture, biology, business administration, chemistry, computer science, design management, economics, engineering (several sub-disciplines), English language and literature, environmental sciences, interior design, international studies, mass communication, mathematics, multimedia design, physics, psychology, visual communications.
Master’s degrees include accounting, business administration, construction management, engineering (several sub-disciplines), engineering systems management, finance, mathematics, teaching English to speakers of other languages, translation and interpreting, urban planning.
Doctoral degrees include business administration, engineering systems management, and materials science and engineering.
As well as degree programmes, there are courses and minors in many subjects.
What doesn't it teach?
Agriculture, anthropology, archaeology, biochemistry, classics, criminology, dentistry, geology, law, medicine, modern languages, sports science and veterinary medicine.
Where is it ranked globally?
348th – QS World University Rankings
801st – 1000th – Times Higher Education World University Rankings
In the global QS subject area rankings, AUS is ranked in 11 subject areas and is in the 150–200 category in Arts and Design, Architecture and the Built Environment, Civil Engineering, and Accounting and Finance.
Who goes there?
There are 5,198 students from 86 countries. The best-represented country is the UAE, followed by Egypt, then, jointly, India and Jordan.
Who has gone there?
- Sarah Al Amiri, a computer science graduate, is the Minister of State for Advanced Sciences and chairwoman of the UAE Space Agency.
- Adib Fahim, who studied for a bachelor’s degree in international relations, went on to become Afghanistan’s deputy intelligence chief.
- Lubna Al Qasimi studied for an executive MBA at AUS. She was the first woman to become a minister in the UAE government and has held positions including Minister of State for Tolerance.
A message from Dr Susan Mumm, chancellor of American University of Sharjah:
American University of Sharjah (AUS) is an independent, non-profit, co-educational institution offering a transformative experience that provides a foundation for future success.
The university offers one of the region’s most comprehensive need and merit-based scholarship programmes, which ensure broad access to higher education.
Students who join AUS are supported through a comprehensive First-Year Experience (FYE) programme, which is intended to facilitate the transition to university life.
An AUS education encourages intellectual discovery and critical reflection, promotes an appreciation of the various modes of human inquiry, and develops the knowledge and skills to contribute to the Gulf region and the world at large.
Accomplished full-time faculty members who are recognised in their fields offer degree programmes at the bachelor’s, master’s and doctoral levels.
Students at all levels have opportunities to work with faculty on research and creative projects that have an impact in the region and beyond.
In addition to providing a stimulating academic environment, the university supports a rich and varied programme of extra- and co-curricular activities with more than 70 student clubs and organisations.
AUS alumni have achieved tremendous success and are sought after by top graduate programmes and employers.
From supporting the Emirates Mars Mission to being awarded the prestigious Aga Khan Award for Architecture, alumni are making a difference through their work in government, science, creative fields, non-profit organisations and business.
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At a glance
Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free
Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland
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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.
“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: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
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Killing of Qassem Suleimani
Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.