Researchers investigate the use of date pits to produce biodiesel in a laboratory at UAE University in Al Ain. Reem Mohammed / The National
Researchers investigate the use of date pits to produce biodiesel in a laboratory at UAE University in Al Ain. Reem Mohammed / The National
Researchers investigate the use of date pits to produce biodiesel in a laboratory at UAE University in Al Ain. Reem Mohammed / The National
Researchers investigate the use of date pits to produce biodiesel in a laboratory at UAE University in Al Ain. Reem Mohammed / The National

UAE University is the country's top higher education institution, report shows


Anam Rizvi
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  • Arabic

Universities across the UAE are continuing to enhance their academic performance, according to the latest world rankings.

Researchers found the Emirates was improving in numerous fields, including business management and civil and electrical engineering.

The annual poll, called the QS World University Rankings by Subject 2020, looked at more than 13,000 courses at 1,368 universities in 83 countries.

This year, UAE University jumped up in the business and management studies segment from the 351-400 band to 301- 350.

Similarly, the American University of Sharjah and Khalifa University in Abu Dhabi saw significant improvements in their rankings.

“This year’s edition of the QS World University Rankings by Subject offers us the opportunity to shine a light on an ever-greater segment of the UAE’s higher education sector,” said Jack Moran, a spokesman for QS.

“We are observing creditworthy improvements made by the country’s universities, with Khalifa University making particularly strong progress.

“The UAE’s performance is strongest in our research indicators, though, to make further progress, it must improve its recognition and regard among the global academic community.”

Quacquarelli Symonds, a global education research consultancy, compared the world’s higher education institutions on the basis of four criteria.

Its researchers looked at academic reputation, employer reputation, research citations and the productivity of the institution's research faculty.

UAE University improved its ranking in five subject areas but dropped in three.

Meanwhile, the American University of Sharjah had two of its programmes ranked in the top 200 global institutions.

The university was ranked in the 151-200 bracket for civil and structural engineering while Khalifa University ranked 251-300 in electrical and electronic engineering.

Massachusetts Institute of Technology was found to be the world’s best-performing institution in 12 subject fields, while the University of Oxford was named the world’s best university in eight.

This year’s poll also showed the UK higher education sector was beginning to regain ground it had lost over the past few years.

In 2016, 13.3 per cent of the world’s top 100 university programmes were found in the UK, but this dropped to 12.3 per cent of programmes in 2019. This year's ranking saw an increase for the first time in five years with 12.8 per cent of the top 10 positions occupied by UK universities.

"Despite the uncertainty created by a consistently-shifting higher education landscape, with two changes of government and the well-documented difficulties presented by our exit from the European Union, our institutions appear to have responded to the challenge, continuing to offer some of the best university programmes in the world,” said Ben Sowter, director of research at QS.

The biog

Hobbies: Salsa dancing “It's in my blood” and listening to music in different languages

Favourite place to travel to: “Thailand, as it's gorgeous, food is delicious, their massages are to die for!”  

Favourite food: “I'm a vegetarian, so I can't get enough of salad.”

Favourite film:  “I love watching documentaries, and am fascinated by nature, animals, human anatomy. I love watching to learn!”

Best spot in the UAE: “I fell in love with Fujairah and anywhere outside the big cities, where I can get some peace and get a break from the busy lifestyle”

Cultural fiesta

What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421,  Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day. 

MATCH INFO

England 2
Cahill (3'), Kane (39')

Nigeria 1
Iwobi (47')

If you go:
The flights: Etihad, Emirates, British Airways and Virgin all fly from the UAE to London from Dh2,700 return, including taxes
The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
Harry Potter and the Cursed Child is on now at the Palace Theatre. Tickets need booking significantly in advance
Entrance to the Harry Potter exhibition at the House of MinaLima is free
The hotel: The grand, 1909-built Strand Palace Hotel is in a handy location near the Theatre District and several of the key Harry Potter filming and inspiration sites. The family rooms are spacious, with sofa beds that can accommodate children, and wooden shutters that keep out the light at night. Rooms cost from £170 (Dh808).

Men's football draw

Group A: UAE, Spain, South Africa, Jamaica

Group B: Bangladesh, Serbia, Korea

Group C: Bharat, Denmark, Kenya, USA

Group D: Oman, Austria, Rwanda

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.”

World ranking (at month’s end)
Jan - 257
Feb - 198
Mar - 159
Apr - 161
May - 159
Jun – 162
Currently: 88

Year-end rank since turning pro
2016 - 279
2015 - 185
2014 - 143
2013 - 63
2012 - 384
2011 - 883

Profile

Company name: Jaib

Started: January 2018

Co-founders: Fouad Jeryes and Sinan Taifour

Based: Jordan

Sector: FinTech

Total transactions: over $800,000 since January, 2018

Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups

Where to buy

Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.com

Tamkeen's offering
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  • Option 2: 50% across three years
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