Distance learning will continue for all pupils attending private schools in Sharjah.
Children have been learning remotely at private schools in the emirate since the start of the new academic year on August 30.
Pupils were initially due to return to in-person classes on September 13 but will now carry on with e-learning for another fortnight, until September 27.
Authorities said the decision was taken to limit the spread of Covid-19.
The move is part of the precautionary measures applied by the government to limit the spread of the Covid-19 pandemic
“The Emergency, Crisis and Disasters Management Team in the Emirate of Sharjah and the Sharjah Private Education Authority have decided to extend remote learning for all levels in private schools in the emirate for another two weeks, starting from next Sunday, September 13, until Thursday, September 24,” reported Wam, the UAE’s news agency.
“The move is part of the precautionary measures applied by the government to limit the spread of the Covid-19 pandemic.
“Students of all academic levels in private schools in the Emirate of Sharjah studied remotely during the first and second weeks of the academic year 2020-2021, based on the previous decision issued by the team and the authority, which confirmed their constant follow-up of the situation on the ground, to ensure the safety of students and teaching staff.”
Pupils in other emirates have returned to the classroom, but not all schools have brought children back for in-person lessons full-time.
Schools in Abu Dhabi were given the option, subject to approval, to allow children into school full-time; on alternating days, for half days; alternating weeks; or a combination of the above.
Parents were also given the option to choose distance learning for their children for the first term.
Classes have been limited to a maximum of 15 for year two and above, with bubbles of 10 for the youngest groups.
Other safety measures include physical distancing of 1.5 metres and mandatory masks for year two and above.
The Ministry of Education, which has overall responsibility for all schools across the Emirates, set out rules for when schools must transfer to full-time distance learning.
Using a calculation based on the number of new cases in the community to determine the threat to schools, the guidelines set out four levels of risk: low, moderate, high and extreme levels.
In the event of an extreme risk to safety, which is reached when there are at least 36 cases per 100,000 population in seven days, in-class lessons are halted, with a return to full-time distance learning.
At high risk – when there are between 21 and 35 cases per 100,000 people – schools must scale back capacity to 15 per cent and allow only pupils whose parents are front-line workers or have no childcare to attend classes in person.
A moderate risk, defined as 6 to 20 cases per 100,000 population in seven days, would require to schools to function at half their usual capacity and provide distance learning and homeschooling options to parents.
Low risk is up to 5 cases per 100,000 population in seven days. In this event, schools can operate as normal – with social distancing and the wearing of face masks.
Schools are also transferred to distance learning for a period when two or more cases are detected at any risk level.
If just one pupil or staff member tests positive, the rooms used by anyone diagnosed with the virus are temporarily closed and sterilised.
All contacts must also quarantine.
But if any additional cases are discovered, anywhere on site, the school will close and all pupils will transfer to distance learning for a period.
"In case more than one student or faculty member is infected at any stage of risk:
"The educational establishment will move to the higher level of risk, and study will be suspended and totally transferred to distance learning for not less than 14 days."
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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