Experts say young people who would benefit from learning technical skills choose degree courses instead because employers pay higher salaries to university graduates.
Experts say young people who would benefit from learning technical skills choose degree courses instead because employers pay higher salaries to university graduates.

Vocational education 'must not be neglected'



DUBAI // Neglect of vocational education in favour of poor-quality academic degrees is leading to a failure to produce a technically skilled workforce crucial to economic development, experts warned today.

Young people who would benefit from learning technical skills choose degree courses instead because employers pay higher salaries to university graduates.

As a result, not only are many university degrees devalued, but there is a shortage of qualified staff in key sectors of the economy, a panel discussion in Dubai was told.

Dr Naji Al Mahdi, head of the National Institute for Vocational Education, called for a national strategy to address the issue. Vocational training is a fundamental part of the education system in many countries, he said. "You will find funding is there and the mechanisms are in place." In the UAE, however, "rather than it being part of the overall strategy, it is the exception, not the norm".

"Everybody wants a degree because they want the rewards," he said. "That can't be solved by the education system alone. People in charge of labour laws, the chambers of commerce and those in the workplace must be involved."

Dr Al Mahdi said the view of vocational training as something left over from the traditional education system had given it an unfortunate image.

Dr Warren Fox, head of higher education at the Knowledge and Human Development Authority, which licenses and regulates Dubai's universities and colleges, said vocationally trained workers were vital.

"In the UAE we need to address this gap between high school and university degrees," he said. "A technically skilled workforce is needed for the diversified economy of the future and this is true for trade, tourism, logisitics and retail, keys to the UAE economy."

Dr Abdulatif al Shamsi, director general of the Institute of Applied Technology, a high school that focuses on preparing pupils for careers in sectors such as microchip manufacturing, said: "For the first 30 years of the UAE, the attention wasn't given to vocational education." Now, he said, many ideas were being discussed, including the National Qualifications Framework, which will give formal recognition to all types of vocational and on-the-job training.

The framework may not be ready for several years, but Dr Al Mahdi expects it eventually to be the "cornerstone of vocational education".

Not only will it formalise often informal training, knowledge and skills, but it will act as a measure of quality assurance for employers, in the UAE and internationally.

It will also give those with vocational skills and knowledge a tangible qualification that they can use for entry into further studies.

In September, the Higher Colleges of Technology (HCT) - founded nearly 25 years ago to give Emiratis vocational training - stopped offering diplomas. All its students now take bachelor's courses instead.

That requires at least 80 per cent of HCT's intake to take remedial courses - in subjects such as English, IT and maths - before they can start their degree proper.

"As you push up the numbers, the quality goes down," said Dr Al Mahdi. "Either you have huge attrition or you bring the level down to meet the people."

And because students can study free at the federal institutions - including HCT - there is no incentive for them to consider more appropriate courses elsewhere.

Dr Howard Reed was also on the panel today. He has been director of Dubai Women's College, part of HCT, for 21 years and three weeks ago was also made director of Dubai Men's College.

That means he now oversees a quarter of HCT's students - 4,000 between the two campuses - and his task is to bring the men's college up to the standard of women's counterpart.

He emphasised the importance of having a variety of universities and colleges. "Thank goodness there are a variety of institutions that will fill these needs," he said.

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

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If you go:

 

Getting there:

Flying to Guyana requires first reaching New York with either Emirates or Etihad, then connecting with JetBlue or Caribbean Air at JFK airport. Prices start from around Dh7,000.

 

Getting around:

Wildlife Worldwide offers a range of Guyana itineraries, such as its small group tour, the 15-day ‘Ultimate Guyana Nature Experience’ which features Georgetown, the Iwokrama Rainforest (one of the world’s four remaining pristine tropical rainforests left in the world), the Amerindian village of Surama and the Rupununi Savannah, known for its giant anteaters and river otters; wildlifeworldwide.com

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Honeymoonish
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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The%20specs%20
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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Abramovich London

A Kensington Palace Gardens house with 15 bedrooms is valued at more than £150 million.

A three-storey penthouse at Chelsea Waterfront bought for £22 million.

Steel company Evraz drops more than 10 per cent in trading after UK officials said it was potentially supplying the Russian military.

Sale of Chelsea Football Club is now impossible.

AUSTRALIA SQUAD

Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 

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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