Dubai has revealed its best international university campuses in its latest higher education league table.
The Higher Education Classification, developed by the Knowledge and Human Development Authority (KHDA), in partnership with Quacquarelli Symonds (QS), a UK company specialising in the analysis of higher education institutions around the world, provides a rating of 17 campuses of international universities covering the 2020-21 academic period.
This is the first time that KHDA has revealed the actual score of each campus, instead of the star system that was used in previous years.
The universities were assessed on criteria such as teaching, employability, internationalisation, research, programme strength, arts and culture and happiness, and well-being.
City, University of London has been rated the best international university campus this year.
The university's Dubai Centre, established in February 2007 in collaboration with the Dubai International Financial Centre, was recognised for its high standard of education and learning environment and scored 914 points out of 1,000.
The University of Manchester is Dubai's second-best university with a score of 898. It is ranked highly for teaching, employability, research and programme strength.
Manipal Academy of Higher Education is the third-best with 876, while Hult International Business School scored 843, making it the fourth-best higher education institution in the city.
Curtin University got 804 points; Murdoch University 800 points; Heriot-Watt University 796 points; London Business School 780 points; Middlesex University 757 points; Birla Institute of Technology and Science Pilani Dubai campus 700 points; SP Jain School of Global Management 751 points; SAE Institute 740 points; Amity University Dubai 723 points; ESMOD French Fashion Institute 612 points; University of Bradford 691 points; University Paris II Pantheon-Assas 553 points and Shaheed Zulfikar Ali Bhutto Institute of Science and Technology 348 points.
The rating system is aimed at helping future and current students get the information they need to make informed decisions when choosing a university.
KHDA also published its star ranking for this year.
According to the authority, a 1-star rating means the institution provides "a good standard of education to students and has the necessary organisational structure to enable progress and development".
At the top end of the scale, a 5+-star rating includes aspects such as being "recognised as a leader in global higher education."
Eighty-two per cent of the campuses have received a four-and five-star rating. Only 64 per cent received the same stars in 2020.
Of the 17 universities rated this year, 10 achieved a five-star rating including Birla Institute of Technology and Science Pilani, Murdoch University, Curtin University, Heriot-Watt University, London Business School, City, University of London, Middlesex University Dubai, Hult International Business School, Manipal Academy of Higher Education, and The University of Manchester.
Four universities achieved a 4-star rating, while two received a 3-star and one 2-stars.
The worst-performing institution in the city with two stars was Shaheed Zulfikar Ali Bhutto Institute of Science and Technology.
Dr Wafi Dawood, chief executive of the strategy and planning sector at KHDA said, “Since it started in 2018, the Rating of International Higher Education Institutions in Dubai has given students and their parents the information and data they need to make confident decisions about their future.
"The rating system enables universities to identify and showcase their international best practices.
"We thank the thousands of students who have chosen Dubai for their university studies and we’re grateful to universities in Dubai for their continued commitment to quality. We appreciate the help of our partners at QS to make Dubai a world leader in higher education.”
KHDA did not publish higher education ratings last year amid the pandemic and the higher education classification was last published in 2020.
Dubai was named the best city in the Middle East for student life this week in the QS Best Student Cities Ranking 2023.
ENGLAND TEAM
Alastair Cook, Mark Stoneman, James Vince, Joe Root (captain), Dawid Malan, Jonny Bairstow, Moeen Ali, Chris Woakes, Craig Overton, Stuart Broad, James Anderson
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Under 18 – Madenat
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Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)
Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)
Monday Fiorentina v Genoa (11.45pm)
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The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
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Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
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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.”
Results
6.30pm: Madjani Stakes Group 2 (PA) Dh97,500 (Dirt) 1,900m, Winner: RB Frynchh Dude, Pat Cosgrave (jockey), Helal Al Alawi (trainer)
7.05pm: Maiden (TB) Dh82,500 (D) 1,400m, Winner: Mnasek, Dane O’Neill, Doug Watson.
7.40pm: Maiden (TB) Dh82,500 (D) 1,600m, Winner: Grand Dubai, Sandro Paiva, Ali Rashid Al Raihe.
8.15pm: Handicap (TB) Dh87,500 (D) 2,200m, Winner: Meqdam, Sam Hitchcock, Doug Watson.
8.50pm: Dubai Creek Mile Listed (TB) Dh132,500 (D) 1,600m, Winner: Thegreatcollection, Pat Cosgrave, Doug Watson.
9.25pm: Conditions (TB) Dh120,000 (D) 1,900m, Winner: Sanad Libya, Richard Mullen, Satish Seemar.
10pm: Handicap (TB) Dh92,500 (D) 1,400m, Winner: Madkhal, Adrie de Vries, Fawzi Nass.
England Test squad
Ben Stokes (captain), Joe Root, James Anderson, Jonny Bairstow, Stuart Broad, Harry Brook, Zak Crawley, Ben Foakes, Jack Leach, Alex Lees, Craig Overton, Ollie Pope, Matthew Potts
Director: Romany Saad
Starring: Mirfat Amin, Boumi Fouad and Tariq Al Ibyari