Education chiefs in Abu Dhabi have urged parents to avoid large gatherings and ensure children's play dates are closely monitored to combat the spread of Covid-19.
The Department of Education and Knowledge (Adek), the emirate's private school regulator, said "best judgement" should be used when deciding to send a pupil to class.
Officials advised that children should remain at home if anyone in their household is feeling unwell or displaying symptoms of the virus.
While the majority of children aged between four and 11 returned to in-person classes on August 30 in Abu Dhabi, pupils in high school are expected to return to class in late September or early October under a staggered plan.
Parents have the option of continuing distance learning for the duration of the first term of the academic year.
"Parents can [show] support by ensuring that they limit any potential exposure to Covid-19. This means staying away from crowded areas and avoiding large gatherings," an Adek spokesperson told The National.
"If your child is participating in extra-curricular activities or play dates, please ensure that they follow hygiene and social-distancing measures diligently.
"We ask parents to use their best judgement on the health status of their children every single day before going to school. If anyone in a family is unwell, or displaying any symptoms of Covid-19, please stay at home."
If children feel unwell, or have been in contact with anyone who has tested positive for Covid-19, parents have been asked to inform the school immediately.
"It is best when in doubt to stay home and see a doctor until you get better or are cleared by a medical professional to be healthy enough to go to school."
Adek is also asking parents to show caution regarding potential Covid-19 cases at schools.
"We ask parents to avoid the spread of misinformation within parent groups and the wider community as we do not want to cause unnecessary panic," said the Adek spokesperson.
"We also trust parents to remain vigilant and continue practicing social distancing and wearing their masks in public."
Parents have been asked to monitor their children's temperature and check if they are have any Covid-19 symptoms such as cough, breathing difficulty or body aches.
"Ensuring the safety and wellbeing of pupils and staff is a collective responsibility and we rely on parents to maintain social distancing, wear masks and fully adhere to safety protocols and procedures," said the spokesperson.
To reduce risk, parents are not allowed inside the school building, and must adhere to strict guidelines for drop-off and pick-up in designated areas such as outside of the school gates or on sports fields.
They may only enter the school building by appointment and with a negative Covid-19 test.
Last week, some schools across the UAE resumed distance learning as a precaution after some staff were suspected to have contracted Covid-19.
The schools, which are in different emirates, closed classrooms to protect staff and pupils.
On Tuesday, authorities renewed their warning against social gatherings after a Covid-19 carrier's "reckless behaviour" resulted in 45 others being infected.
The man displayed symptoms but did not report his condition to health officials, said Dr Omar Al Hammadi, the federal government's spokesman said at the regular media briefing.
The man infected his wife and 44 others from three families after socialising with them.
One of the man's relatives, aged 90, had underlying health conditions and died of complications after being admitted to the intensive care unit of a hospital, Dr Al Hammadi said.
The UAE recorded 883 new coronavirus cases on Wednesday, its highest daily total since May 27.
Daily figures dropped as low as 164 in early August but have steadily been climbing since, prompting calls from authorities for the public to adhere to safety measures.
Tomb%20Raider%20I%E2%80%93III%20Remastered
%3Cp%3EDeveloper%3A%20Aspyr%0D%3Cbr%3EPublisher%3A%20Aspyr%0D%3Cbr%3EConsole%3A%20Nintendo%20Switch%2C%20PlayStation%204%26amp%3B5%2C%20PC%20and%20Xbox%20series%20X%2FS%0D%3Cbr%3ERating%3A%203%2F5%3C%2Fp%3E%0A
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.”
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
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
More coverage from the Future Forum
57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
Fight card
1. Bantamweight: Victor Nunes (BRA) v Siyovush Gulmamadov (TJK)
2. Featherweight: Hussein Salim (IRQ) v Shakhriyor Juraev (UZB)
3. Catchweight 80kg: Rashed Dawood (UAE) v Khamza Yamadaev (RUS)
4. Lightweight: Ho Taek-oh (KOR) v Ronald Girones (CUB)
5. Lightweight: Arthur Zaynukov (RUS) v Damien Lapilus (FRA)
6. Bantamweight: Vinicius de Oliveira (BRA) v Furkatbek Yokubov (RUS)
7. Featherweight: Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)
8. Flyweight: Shannon Ross (TUR) v Donovon Freelow (USA)
9. Lightweight: Mohammad Yahya (UAE) v Dan Collins (GBR)
10. Catchweight 73kg: Islam Mamedov (RUS) v Martun Mezhulmyan (ARM)
11. Bantamweight World title: Jaures Dea (CAM) v Xavier Alaoui (MAR)
12. Flyweight World title: Manon Fiorot (FRA) v Gabriela Campo (ARG)