Eight Abu Dhabi private schools received top marks for their work promoting UAE identity and use of the Arabic language among Emirati pupils in a new education league table.
The Abu Dhabi Department of Education and Knowledge – the capital's private education regulator – carried out inspections at 87 schools in the emirate under the National Identity Mark, an annual school rating system to measure work being done to integrate core Emirati values into studies.
The initiative was announced by the authority in May with the results released on Thursday.
The top eight school earning the outstanding rating were: The British International School Abu Dhabi; Sheikh Zayed Academy for Girls; Sheikh Zayed Academy for Boys; Emirates National Schools, MBZ City; Al Ittihad National Private School, Khalifa City; Al Ittihad National Private School, Shakhbout City; Emirates National Schools, Branch 3; and Adnoc Schools, Sas Al Nakhl.
A further 21 schools were ranked good, 35 deemed acceptable and 23 marked weak. The names of these schools were not disclosed in the report.
The schools were selected for the first phase on inspections as they have the highest number of Emirati pupils in the emirate.
Promoting Emirati values
The evaluations encompass three central principles – culture, values and citizenship.
The culture category covers history, heritage and the Arabic language, which has been earmarked as a focus area.
The values section comprises respect, compassion, and global understanding.
Citizenship takes in topics such as a sense of belonging, volunteering, and conservation.
Adek teams will revisit the 87 schools during the course of the 2023-2024 academic year to review their progress.
The next round of inspections will take place during the next school year.
"Following every inspection cycle, the emirate's private schools will receive comprehensive reports outlining improvement recommendations to enhance students' experiences and sense of belonging and pride," said a statement from Abu Dhabi Media Office.
"While prioritising schools with the highest number of Emirati students in future inspection cycles, Adek encourages private schools without national enrolment to opt for evaluations of relevant activities designed to engage expatriate students with the country's rich heritage and deep-rooted traditions."
Boosting national identity
Minister of State for Early Education Sara Musallam, who is also Adek's chairwoman, underlined the importance of the assessment programme after its launch in May.
“We recognise the importance of cultivating a robust national identity that anchors our Emirati students in their culture,” she said.
“The launch of the National Identity Mark and inspection framework will provide parents with valuable insights into the quality of national identity programmes in private schools.
“For many parents, the reinforcement of national identity by education is of critical importance as it helps instil in their children a sense of belonging and pride.
“By strengthening national identity through educational programmes, schools can support students to further appreciate their roots, traditions, and values. The National Identity Mark will increase transparency and accountability, while enabling parents to make informed decisions about their children's education.
“This directly supports the development of well-rounded individuals who are proud of their Emirati identity [and] are equipped to positively represent Abu Dhabi and the UAE on a global scale.”
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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.”
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