John Sexton, the president of New York University, speaking at Emirates Palace earlier this year during a conference on school leadership.
John Sexton, the president of New York University, speaking at Emirates Palace earlier this year during a conference on school leadership.
John Sexton, the president of New York University, speaking at Emirates Palace earlier this year during a conference on school leadership.
John Sexton, the president of New York University, speaking at Emirates Palace earlier this year during a conference on school leadership.

NYU president to teach Emiratis


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Abu Dhabi // Top Emirati students have been selected to take part in a specialised academic course taught by John Sexton, the president of New York University (NYU). The group of 17 male and female students will be the first to take part in the Sheikh Mohammed Bin Zayed University Scholars Programme, launched to provide excelling students with "special academic and leadership opportunities".

The scholarship was developed in conjunction with the NYU Abu Dhabi Institute to "jump-start" academic activities while the US university builds its campus in the capital. The students were selected from the three major universities in the Emirates: UAE University, Zayed University and Higher Colleges of Technology. Students will still attend classes at their universities while taking part in the two-term course, and will be given a chance to improve their English-language skills.

"NYU is very excited about this," said Diane Yu, the scholarship's executive director. "The students seem to be delighted and their universities said they were pleased." The course would help create future leaders, she said, adding that the students would meet US and Gulf leaders who would talk to them about their careers and experience. The students will be given the chance to apply for master's and doctoral degrees at NYU, and those admitted will have their postgraduate studies costs fully covered by the programme.

The course, which will be titled Religion and Government, is expected to be similar to a "popular" module Dr Sexton teaches in New York. NYU and Abu Dhabi Government officials announced an agreement last October to open a campus in the capital. It will be the first major US university to open a branch abroad and is expected to receive students in 2010. Peggy Sharpe, the assistant chief academic officer at UAE University, said the course would be a mutual learning experience for the students and NYU officials.

"If NYU is going to open a new campus, it's important to know the three national institutes in the UAE and the kind of students so they can be good neighbours," Dr Sharpe said. "We can work together to improve the quality of education in the UAE." The students, who come from science and humanities departments, will be assigned intensive reading lists. Dr Sharpe said they would learn how to argue their opinions in English.

The students will be given a chance to travel to New York and Washington DC, where they will visit the Supreme Court and NYU's Washington Square Campus. The number of students and modules is expected to increase next year, according to scholarship officials. Sheikha Mariam bint Mohammed bin Zayed, the co-chair of the Scholars Programme Steering Committee, said the selected students "already have academic records to be very proud of".

"Participating in this programme over the coming year will provide them with even greater access to opportunities to enhance their leadership skills and academic capabilities," she said. @Email:mhabboush@thenational.ae

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

The biog

Favourite hobby: I love to sing but I don’t get to sing as much nowadays sadly.

Favourite book: Anything by Sidney Sheldon.

Favourite movie: The Exorcist 2. It is a big thing in our family to sit around together and watch horror movies, I love watching them.

Favourite holiday destination: The favourite place I have been to is Florence, it is a beautiful city. My dream though has always been to visit Cyprus, I really want to go there.

Anna and the Apocalypse

Director: John McPhail

Starring: Ella Hunt, Malcolm Cumming, Mark Benton

Three stars

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The%20specs
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The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Awar Qalb

Director: Jamal Salem

Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman

Two stars

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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Match info

Premier League

Manchester United 2 (Martial 30', Lingard 69')
Arsenal 2 (Mustafi 26', Rojo 68' OG)

New process leads to panic among jobseekers

As a UAE-based travel agent who processes tourist visas from the Philippines, Jennifer Pacia Gado is fielding a lot of calls from concerned travellers just now. And they are all asking the same question.  

“My clients are mostly Filipinos, and they [all want to know] about good conduct certificates,” says the 34-year-old Filipina, who has lived in the UAE for five years.

Ms Gado contacted the Philippines Embassy to get more information on the certificate so she can share it with her clients. She says many are worried about the process and associated costs – which could be as high as Dh500 to obtain and attest a good conduct certificate from the Philippines for jobseekers already living in the UAE. 

“They are worried about this because when they arrive here without the NBI [National Bureau of Investigation] clearance, it is a hassle because it takes time,” she says.

“They need to go first to the embassy to apply for the application of the NBI clearance. After that they have go to the police station [in the UAE] for the fingerprints. And then they will apply for the special power of attorney so that someone can finish the process in the Philippines. So it is a long process and more expensive if you are doing it from here.”

The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403