Adec to start pilot programme for Abu Dhabi’s gifted pupils



ABU DHABI // An education scheme will soon help gifted pupils in the emirate to better realise their potential.

Abu Dhabi Education Council on Tuesday held a workshop to brief teachers and administrators on the pilot programme.

The participants are from nine schools in the capital, Al Ain and the Western Region.

They were given an overview of the project and its resources, and they will receive a special curriculum with guidelines to identify gifted and talented students.

Mohamed Makhlouf, a teacher at Al Nahyaniya School in Al Ain, said that it would help pupils to unlock their potential.

“We as educators are all very excited to hear the programme is now standardised,” he said.

Teachers who mentor gifted pupils gave suggestions at the workshop. Some of their advice was incorporated into the programme.

“Now teachers are expected to recognise an individual student’s potential and make use of it,” said Mr Makhlouf.

“The strategies around this programme are also solid, since they are based on our own challenges, experiences and suggestions, which is great.”

Each school will designate two staff members to receive intensive training and help their colleagues to use the programme’s resources to deliver its plan.

“I have a lot of students in my classroom who are talented writers and could become tomorrow’s poets or renowned writers,” said Mariam Al Noaimi, a teacher at Hunain School in Abu Dhabi.

“I am definitely excited to take this experience back to my classroom and implement it.”

The programme involves three schools each in Abu Dhabi, Al Ain and the Western Region. It aims to support the development of an Emirati knowledge-based economy.

Research had shown that unless gifted and talented pupils have appropriate study materials and support, they might underachieve and fail to reach their full potential, Adec said.

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Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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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