DUBAI // The chancellor of the UAE's first accredited online university says there is no room left for elitism in higher education.
Dr Mansoor Al Awar, the chancellor of Hamdan Bin Mohammed e-University (HBMeU), spoke to a gathering of students and professors from conventional universities this week about the evolution of learning.
Quoting Derek Bok, a former president of Harvard University, Dr Al Awar said: "They say, 'If you think education is expensive, try ignorance.' But I say we cannot afford ignorance and that is why we must do away with overpriced education."
Dr Al Awar believes online universities hold the key to educating the masses in the Middle East.
"The rate of illiteracy, 40 per cent - that is an alarming rate for any region," he said."Financially, we cannot afford to have this continue but can we afford to pour money into building and rebuilding schools and universities?"
A moderator began Wednesday's event by opening the floor to the audience and asking what they thought of online learning. Veronica Zyurnyayeba, the Career Department Coordinator at the University of Dubai, said: "Online education has a bad reputation; employers don't take it seriously because they want to hire someone who has practical skills."
That was exactly what Dr Al Awar expected to hear.
"We held this event because we wanted to create a platform for a discussion about conventional learning and e-learning," he said. "What we realised from that discussion is people have no idea what e-learning is all about."
By the end of the session Ms Zyurnyayeba said Dr Al Awar had won her over. "Like he said, it will take a few years but it is the way of the future."
Raniah Fattah, the manager of the International Students Services Department for the University of Phoenix's distance learning programme in the Middle East, said the public needed to change their perception of online learning.
"Here in the Middle East we are still very sceptical about things online - even purchasing things online. But I think it is starting to take off," she said.
One unanticipated benefit of e-learning, she said, was that it had allowed students to continue their education in the midst of political upheaval.
"I have students who are in Egypt, Syria and Bahrain, and it is very encouraging for them to know they can keep learning," she said. "It's dangerous out there: curfews, bombs, live ammo … you don't have to go through any of that if you are studying at home!"
Other advantages of distance education discussed included giving college dropouts a chance to return, and empowering women who would otherwise be stuck at home.
Dr Al Awar praised Sheikh Nahyan bin Mubarak, Minister of Higher Education and Scientific Research, for being the first in the Arab World to set accreditation parameters for online learning.
"E-learning is not there to replace conventional learning," he said, "it is an evolution of education."
aalhaddad@thenational.ae
The biog
Hometown: Birchgrove, Sydney Australia
Age: 59
Favourite TV series: Outlander Netflix series
Favourite place in the UAE: Sheikh Zayed Grand Mosque / desert / Louvre Abu Dhabi
Favourite book: Father of our Nation: Collected Quotes of Sheikh Zayed bin Sultan Al Nahyan
Thing you will miss most about the UAE: My friends and family, Formula 1, having Friday's off, desert adventures, and Arabic culture and people
COMPANY%20PROFILE
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Her most famous song
Aghadan Alqak (Would I Ever Find You Again)?
Would I ever find you again
You, the heaven of my love, my yearning and madness;
You, the kiss to my soul, my cheer and
sadness?
Would your lights ever break the night of my eyes again?
Would I ever find you again?
This world is volume and you're the notion,
This world is night and you're the lifetime,
This world is eyes and you're the vision,
This world is sky and you're the moon time,
Have mercy on the heart that belongs to you.
Lyrics: Al Hadi Adam; Composer: Mohammed Abdel Wahab
23-man shortlist for next six Hall of Fame inductees
Tony Adams, David Beckham, Dennis Bergkamp, Sol Campbell, Eric Cantona, Andrew Cole, Ashley Cole, Didier Drogba, Les Ferdinand, Rio Ferdinand, Robbie Fowler, Steven Gerrard, Roy Keane, Frank Lampard, Matt Le Tissier, Michael Owen, Peter Schmeichel, Paul Scholes, John Terry, Robin van Persie, Nemanja Vidic, Patrick Viera, Ian Wright.
Fight card
- Aliu Bamidele Lasisi (Nigeria) beat Artid Vamrungauea (Thailand) POINTS
- Julaidah Abdulfatah (Saudi Arabia) beat Martin Kabrhel (Czech Rep) POINTS
- Kem Ljungquist (Denmark) beat Mourad Omar (Egypt) TKO
- Michael Lawal (UK) beat Tamas Kozma (Hungary) KO
- Zuhayr Al Qahtani (Saudi Arabia) beat Mohammed Mahmoud (UK) POINTS
- Darren Surtees (UK) beat Kane Baker (UK) KO
- Chris Eubank Jr (UK) beat JJ McDonagh (Ireland) TKO
- Callum Smith (UK) beat George Groves (UK) KO
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2-litre%204-cylinder%20petrol%20(V%20Class)%3B%20electric%20motor%20with%2060kW%20or%2090kW%20powerpack%20(EQV)%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20233hp%20(V%20Class%2C%20best%20option)%3B%20204hp%20(EQV%2C%20best%20option)%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20350Nm%20(V%20Class%2C%20best%20option)%3B%20TBA%20(EQV)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EMid-2024%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3ETBA%0D%3C%2Fp%3E%0A