Sara Fekri and Guste Gurcinaite have been awarded the Rhodes Scholarship to study at the University of Oxford. Photo: Rhodes Scholarship for the UAE
Sara Fekri and Guste Gurcinaite have been awarded the Rhodes Scholarship to study at the University of Oxford. Photo: Rhodes Scholarship for the UAE
Sara Fekri and Guste Gurcinaite have been awarded the Rhodes Scholarship to study at the University of Oxford. Photo: Rhodes Scholarship for the UAE
Sara Fekri and Guste Gurcinaite have been awarded the Rhodes Scholarship to study at the University of Oxford. Photo: Rhodes Scholarship for the UAE

Two students in the UAE win Rhodes Scholarships to study at Oxford University


Patrick Ryan
  • English
  • Arabic

Two students from the UAE have been awarded the Rhodes Scholarships to study at Oxford University from October next year.

The selection committee for the Rhodes scholarship awarded two places at the university to Sara Fekri, an Emirati student at King’s College London, and Guste Gurcinaite, a Lithuanian studying at NYUAD, who is completing her BA in Political Science.

Both were selected after nominating themselves for the award along with more than 60 other students.

Ms Fekri is completing a BSc in Physics and will pursue an MSc in Mathematical and Theoretical Physics at Oxford.

Ms Gurcinaite is completing her BA in Political Science. She is hoping to complete an MPhil in Environmental Change and Management at Oxford.

They were chosen by a committee chaired by Omar Saif Ghobash, Assistant Minister for Cultural Affairs at the Ministry of Foreign Affairs.

Both students will start at the British university in October 2023.

“When I was eight, my mother told me that my father wanted me to attend one of the world's top educational institutions,” said Mr Ghobash.

“From then until I was 17, I focused solely on gaining admission at a top university. I went to Oxford and met Rhodes Scholars.

“I remember wishing that I could apply for the scholarship as an Emirati. I am so proud that the UAE has made this opportunity available to eligible students in the country.”

Since 2014, there have been a total of 18 UAE-based students who have received the scholarship.

Last year, Emirati Rashid Alrafie and NYUAD student Uljad Berdica were selected as the 2022 UAE Rhodes Scholars.

Established in 1902 by the late British businessman Cecil Rhodes, the Rhodes Scholarship is one of the world's oldest awards for international fellowship and academic study. Applicants are selected through an intensive process including a written application and in-person interviews.

Top 10 international universities — in pictures

  • 1. University of Oxford. 2023 rank: 1. PA
    1. University of Oxford. 2023 rank: 1. PA
  • 2. Harvard University. 2023 rank: =2. Getty Images
    2. Harvard University. 2023 rank: =2. Getty Images
  • =3. University of Cambridge. 2023 rank: =5. Reuters
    =3. University of Cambridge. 2023 rank: =5. Reuters
  • =3. Stanford University. 2023 rank: 4. Reuters
    =3. Stanford University. 2023 rank: 4. Reuters
  • 5. Massachusetts Institute of Technology. 2023 rank: =5. AP
    5. Massachusetts Institute of Technology. 2023 rank: =5. AP
  • 6. California Institute of Technology. 2023 rank: =2. Bloomberg
    6. California Institute of Technology. 2023 rank: =2. Bloomberg
  • 7. Princeton University. 2023 rank: 7. Alamy
    7. Princeton University. 2023 rank: 7. Alamy
  • 8. University of California, Berkeley. 2023 rank: 8. AP
    8. University of California, Berkeley. 2023 rank: 8. AP
  • 9. Yale University. 2023 rank: 9. Reuters
    9. Yale University. 2023 rank: 9. Reuters
  • 10. Imperial College London. 2023 rank: 12. PA
    10. Imperial College London. 2023 rank: 12. PA
Company profile

Company name: Suraasa

Started: 2018

Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker

Based: India, UAE and the UK

Industry: EdTech

Initial investment: More than $200,000 in seed funding

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.”

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

Top New Zealand cop on policing the virtual world

New Zealand police began closer scrutiny of social media and online communities after the attacks on two mosques in March, the country's top officer said.

The killing of 51 people in Christchurch and wounding of more than 40 others shocked the world. Brenton Tarrant, a suspected white supremacist, was accused of the killings. His trial is ongoing and he denies the charges.

Mike Bush, commissioner of New Zealand Police, said officers looked closely at how they monitored social media in the wake of the tragedy to see if lessons could be learned.

“We decided that it was fit for purpose but we need to deepen it in terms of community relationships, extending them not only with the traditional community but the virtual one as well," he told The National.

"We want to get ahead of attacks like we suffered in New Zealand so we have to challenge ourselves to be better."

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Past winners of the Abu Dhabi Grand Prix

2016 Lewis Hamilton (Mercedes-GP)

2015 Nico Rosberg (Mercedes-GP)

2014 Lewis Hamilton (Mercedes-GP)

2013 Sebastian Vettel (Red Bull Racing)

2012 Kimi Raikkonen (Lotus)

2011 Lewis Hamilton (McLaren)

2010 Sebastian Vettel (Red Bull Racing)

2009 Sebastian Vettel (Red Bull Racing)

 

Famous left-handers

- Marie Curie

- Jimi Hendrix

- Leonardo Di Vinci

- David Bowie

- Paul McCartney

- Albert Einstein

- Jack the Ripper

- Barack Obama

- Helen Keller

- Joan of Arc

HAJJAN
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The BIO:

He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal

He ascended Mount Everest the next year from the more treacherous north Tibetan side

By 2015, he had completed the Explorers Grand Slam

Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border

He carries dried camel meat, dried dates and a wheat mixture for the final summit push

His new goal is to climb 14 peaks that are more than 8,000 metres above sea level

Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
Profile of Bitex UAE

Date of launch: November 2018

Founder: Monark Modi

Based: Business Bay, Dubai

Sector: Financial services

Size: Eight employees

Investors: Self-funded to date with $1m of personal savings

UAE currency: the story behind the money in your pockets
MATCH INFO

Fixture: Thailand v UAE, Tuesday, 4pm (UAE)

TV: Abu Dhabi Sports

Updated: November 20, 2022, 12:58 PM