Hussain Al Hammadi, speaking at a previous event, said teachers and schools would be supported as the country seeks to give pupils the best start in life. Leslie Pableo for The National
Hussain Al Hammadi, speaking at a previous event, said teachers and schools would be supported as the country seeks to give pupils the best start in life. Leslie Pableo for The National
Hussain Al Hammadi, speaking at a previous event, said teachers and schools would be supported as the country seeks to give pupils the best start in life. Leslie Pableo for The National
Hussain Al Hammadi, speaking at a previous event, said teachers and schools would be supported as the country seeks to give pupils the best start in life. Leslie Pableo for The National

UAE schools need upskilled teachers and e-learning security, education minister says


Anam Rizvi
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Related: AI-enabled education is set to be the next big thing in the UAE

Schools need "upskilled" teachers capable of preparing pupils for a world of digital skills and artificial intelligence, the country's education minister said.

Hussain Al Hammadi also warned the digital transformation of classes during the pandemic meant we must schools are "E-safe" for pupils.

The country's most senior education official made the comments in an article for The National this weekend.

He said the education sector had proven it could be light on its feet, delivering an education in the most trying of times.

It is critical to make sure that teachers can cope with any changes quite rapidly

But he also warned there was a need to ensure pupils were prepared for a demanding digital future.

"AI is fundamentally and systemically changing the quality and quantity of jobs; hence, the demand of skills is drastically shifting," he wrote.

"Skills need to be closely related to economic growth and individual well-being."

Mr Al Hammadi said there was a critical need to retrain and reskill teachers for a fast changing education sector where machine learning is disrupting the traditional teaching methods.

He said artificial intelligence has the potential to address some of the biggest challenges in education today.

It will change teaching and learning practices, and make education accessible and inclusive but the key is to make that learning environment safe for pupils, teachers and parents.

"We have been keen on building up the capacity to reskill teachers for the future," said Mr Al Hammadi.

"During the Covid-19 pandemic we managed to train all teachers in the span of weeks to equip them to the new reality of remote learning.

"We will continue with a similar spirit and pace up to equip teachers with the digital skills to use artificial intelligence effectively."

The minister said the UAE had been working on digitally transforming education and building a supportive infrastructure. Many schools currently have blended learning models, with pupils learning in class and at home over Zoom lessons.

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.”

Pots for the Asian Qualifiers

Pot 1: Iran, Japan, South Korea, Australia, Qatar, United Arab Emirates, Saudi Arabia, China
Pot 2: Iraq, Uzbekistan, Syria, Oman, Lebanon, Kyrgyz Republic, Vietnam, Jordan
Pot 3: Palestine, India, Bahrain, Thailand, Tajikistan, North Korea, Chinese Taipei, Philippines
Pot 4: Turkmenistan, Myanmar, Hong Kong, Yemen, Afghanistan, Maldives, Kuwait, Malaysia
Pot 5: Indonesia, Singapore, Nepal, Cambodia, Bangladesh, Mongolia, Guam, Macau/Sri Lanka

The specs: 2018 Jeep Grand Cherokee Trackhawk


Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)

Company%20profile
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Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

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In criminal cases, you can contact the police for additional support

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

Schedule for show courts

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