Two students from the Sheikh Khalifa bin Zayed Arab Pakistan School cross 21st Street in Abu Dhabi after school hours.
Two students from the Sheikh Khalifa bin Zayed Arab Pakistan School cross 21st Street in Abu Dhabi after school hours.
Two students from the Sheikh Khalifa bin Zayed Arab Pakistan School cross 21st Street in Abu Dhabi after school hours.
Two students from the Sheikh Khalifa bin Zayed Arab Pakistan School cross 21st Street in Abu Dhabi after school hours.

Fears over dangerous roads near schools


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Groups of children darted across the busy, six-lane road while some chased each other around trees on the central reservation as motorists passing at speeds as high as 80kph nervously sounded their horns.

It was just after 1pm and classes had finished for the day at the Sheikh Khalifa bin Zayed Arab-Pakistan School in the capital, unleashing a flood of youthful energy into the neighbourhood. Muhammad Munir, the head teacher, agreed that traffic around the school raised safety concerns. "Walking across the road, that is the biggest problem," he said. "I don't know what should be done. "I have been talking to the boys and girls but they are youth, they don't understand. My main concern is that people should cross from the proper places."

Farad Hijad, a 17-year-old Pakistani student at the school, said he felt the area was unsafe. "It is very difficult because this is a main road, it leads to a highway," he said. "They should build flyovers like in Dubai for the pedestrians." With safety regulations for school zones varying from emirate to emirate and measures differing in some cases from school to school, some principals and pupils are calling for stricter, uniform rules for motorists near schools.

Others, particularly in Dubai, say adequate traffic calming measures are already in place. One particular problem in Abu Dhabi is that its villa schools are tucked away on residential streets, and often not clearly marked for motorists. Many of them do not have people to help children cross busy streets. According to Abu Dhabi Police figures, 1,112 children were killed after being struck by a vehicle between 2001 and 2007. The statistics do not include details on how many were walking to or from school.

Authorities in the emirate say they are addressing the safety issues. A spokesman for the Abu Dhabi Education Council said it was working with the municipality, recommending ways to "improve traffic flow and road safety in areas surrounding our existing schools". Abu Dhabi Police said that after Eid it would be launching a back-to-school road safety campaign. Tom Matthews, projects director at Taaleem, the second-largest private school operator in the country, said traffic impact studies must be conducted before Dubai or Abu Dhabi municipalities approved new schools.

However, some principals thought more could be done to improve safety around existing schools. Mohamad Haris, principal at Al Noor Indian Islamic School in Abu Dhabi, said there were no road signs in the vicinity to warn motorists that they were entering a school zone. "We are facing so many troubles here because of traffic," he added. "Drivers are parking their cars in the middle of the road. "We have school buses and so many parents are coming with vehicles, it makes the chances of accidents high."

Cars were often left in the middle of the street for days at a time, making it difficult for school buses to get around. "We are very worried about that," he said, adding that speeding was sometimes a problem as well. "We want small humps. If the municipality would put those down it would be very good for us." Inbanathan C, principal of the Sunrise Indian School in Abu Dhabi, said he had similar problems.

"The parents can't park and walk their kids in." While Clive Pierrepont, director of communications and marketing at Taaleem, said none of its seven schools had any major problems, he pointed to other schools that, he said, "have been built in areas where it is patently obvious that safety has not been a concern in their sitting". The Oud Metha neighbourhood in Dubai was one example, he said. Traffic-calming measures in the capital appear to differ from one school zone to the next. On 25th Street near Salam Street, near a side street containing several schools, there is a prominent sign saying "school" in both Arabic and English, and a pictogram of an adult and child crossing the road.

There are also flashing lights near the pedestrian crossing and rumble strips before the crossing point. However, many vehicles still seem to be travelling at or above the speed limit of 60kph in that area. Down the road at Abu Dhabi Indian School, which is on 23rd Street, also near Salam Street, the only indication for approaching motorists that a school is in the area is a small white sign. The zebra-striped pedestrian crossing in front of the school has faded and is almost invisible.

By contrast, Neha Palshelkaa, whose two children attend Our Own English High School in Dubai, felt reassured by the road safety measures around the school. "I feel that my children are very safe here," she said. "First off, the security will absolutely not allow the children out of the gates without supervision. Secondly, the road bumps make sure that cars drive past slowly, so I don't worry at all."

Thanks to roundabouts, intersections, speed bumps, and congestion, cars never did much more than 30kph on the main road during school drop-off and pickup times. "In the UK, they are now putting models of children outside of schools in their uniforms," said Peter Daly, head teacher at the Dubai English Speaking College. "I think there is some very irresponsible driving around school areas." * The National

WHAT%20IS%20'JUICE%20JACKING'%3F
%3Cp%3E%E2%80%A2%20Juice%20jacking%2C%20in%20the%20simplest%20terms%2C%20is%20using%20a%20rogue%20USB%20cable%20to%20access%20a%20device%20and%20compromise%20its%20contents%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20The%20exploit%20is%20taken%20advantage%20of%20by%20the%20fact%20that%20the%20data%20stream%20and%20power%20supply%20pass%20through%20the%20same%20cable.%20The%20most%20common%20example%20is%20connecting%20a%20smartphone%20to%20a%20PC%20to%20both%20transfer%20data%20and%20charge%20the%20former%20at%20the%20same%20time%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20The%20term%20was%20first%20coined%20in%202011%20after%20researchers%20created%20a%20compromised%20charging%20kiosk%20to%20bring%20awareness%20to%20the%20exploit%3B%20when%20users%20plugged%20in%20their%20devices%2C%20they%20received%20a%20security%20warning%20and%20discovered%20that%20their%20phones%20had%20paired%20to%20the%20kiosk%2C%20according%20to%20US%20cybersecurity%20company%20Norton%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20While%20juice%20jacking%20is%20a%20real%20threat%2C%20there%20have%20been%20no%20known%20widespread%20instances.%20Apple%20and%20Google%20have%20also%20added%20security%20layers%20to%20prevent%20this%20on%20the%20iOS%20and%20Android%20devices%2C%20respectively%3C%2Fp%3E%0A

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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Switch%20Foods%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Edward%20Hamod%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Plant-based%20meat%20production%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2034%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%246.5%20million%3Cbr%3E%3Cstrong%3EFunding%20round%3A%3C%2Fstrong%3E%20Seed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Based%20in%20US%20and%20across%20Middle%20East%3C%2Fp%3E%0A
What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

The Gandhi Murder
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Newcastle United 2 (Willems 25', Shelvey 88')

Manchester City 2 (Sterling 22', De Bruyne 82')

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

Fixtures:

Wed Aug 29 – Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore
Thu Aug 30 - UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman
Sat Sep 1 - UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal
Sun Sep 2 – Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore
Tue Sep 4 - Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong
Thu Sep 6 – Final

Paltan

Producer: JP Films, Zee Studios
Director: JP Dutta
Cast: Jackie Shroff, Sonu Sood, Arjun Rampal, Siddhanth Kapoor, Luv Sinha and Harshvardhan Rane
Rating: 2/5

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

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