Pupils study Chinese characters at Hartland International School in in Dubai. Dozens of government schools will be trialling language classes with the help of 150 Chinese teachers in the 2019-2020 academic year. Pawan Singh / The National
Pupils study Chinese characters at Hartland International School in in Dubai. Dozens of government schools will be trialling language classes with the help of 150 Chinese teachers in the 2019-2020 academic year. Pawan Singh / The National
Pupils study Chinese characters at Hartland International School in in Dubai. Dozens of government schools will be trialling language classes with the help of 150 Chinese teachers in the 2019-2020 academic year. Pawan Singh / The National
Pupils study Chinese characters at Hartland International School in in Dubai. Dozens of government schools will be trialling language classes with the help of 150 Chinese teachers in the 2019-2020 aca

Chinese language courses to be launched at 60 UAE schools from September


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Chinese language courses will be taught at 60 schools across the UAE from September, the Ministry of Education has announced.

The ministry has launched a drive to recruit 150 Chinese language teachers for the programme.

Hussain Al Hammadi, Minister of Education, signed an agreement to roll out Chinese language lessons in the UAE during Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed's three-day visit to Beijing.

The move has been made to meet the "growing interest among Emirati people to understand Chinese language and culture', state news agency Wam reported.

Chinese will be taught to grade 7 to grade 12 pupils at the selected government schools - the identities of which have not been disclosed - in the first phase of the international initiative.

According to a report produced by the ministry in preparation for the scheme, 18-part books, entitled Across the Silk Route, will be used to teach students during the 2019-220 academic year.

The book series will focus on developing learners' speaking, reading, listening and writing skills with the aim of establishing a solid foundation of vocabulary and communication.

Other publications are being developed in partnership with China's Nishan Press to help students to better understand Chinese culture through subjects such as art, design, mathematics, geography, science, history and literature.

The programme will be implemented in Ministry of Education schools over the next three years.

Plans are in motion to introduce a Chinese Centre at the ministry to give specialists from the country a base to monitor and evaluate the progress of the project.

"Continuous support from both the UAE and China is of vital importance to the sustainable development of Chinese learning and teaching at schools," the ministry report highlighted.

In 2017, Ministry of Education officials visted Beijing to discuss the implementation of the programme.

Later that year,  the first 20 Chinese language teachers were recruited and deployed to 11 public schools to teach Chinese to grade 10 learners.

The UAE Ministry of Education announced last year that Chinese language would be taught in 100 schools in 2019 through student clubs, to pupils from the ninth to the 12th grade.

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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.”