ABU DHABI // Students rushed out of classes at Zayed University in a race to move their cars as news spread that a Mawaqif paid-parking scheme had suddenly come into effect.
Inspectors yesterday put tickets on dozens of cars parked on sand and in the middle or at the side of roads not marked by the Mawaqif blue and black kerbs.
"I've already fined 20 cars alone," said one Mawaqif officer at about 11.30am. "And there are about 10 more of us in the area."
Officers said they told the university at about 10am that the owners of all illegally parked vehicles would be fined Dh500.
Mawaqif announced last week that paid parking would be enforced in the area from Saturday, and the university posted notices to that effect on campus.
However, the sudden implementation surprised staff and students. University officials said they thought the scheme would not apply to their staff and students, given the short time left in the academic year and the university's plan to shift campus over the summer.
The new Mawaqif zone bound by Delma Street, Airport Road, Defence Road and Karama Street contains 1,674 managed parking bays. The university alone has nearly 3,000 students - 570 men and 2,400 women.
"There are more than 500 male students and all of us have cars," said Ibrahim al Kaabi, who is studying human resources. "Look around, tell me, where can we park? When Mawaqif wasn't enforced we already had a parking problem - now they're limiting us even further by not allowing us to park on the dirt or in empty spaces that don't block traffic."
Mr al Kaabi was one of the dozens who received a Dh500 fine. "If you're going to fine us for parking illegally, that's fair enough. But provide us with the solutions first," he said.
Faruok al Janaibi, who also received a ticket, said: "At least give us warning; you can't just start fining people all of a sudden.
"The parking is packed as it is. What should we do, park on top of each other? Tell me where there's a spot a reasonable distance from here and I'll park there."
As the university's final academic year at its current location comes to an end, it is preparing to move to a new campus in Khalifa City A.
"All we ask Mawaqif is to wait just one month - a single month for classes to end," said Mr al Janaibi, who commutes every day from Shahama. "Is that too much to ask?"
Students said that Mawaqif officers they approached said they were doing their job and ultimately the decision was up to the transport authorities.
"Students here were never provided with parking, and traffic authorities know we'll be shifting to a new campus," said Paul Abraham, the assistant dean of student life at the Zayed University women's campus. "It's shocking that they decided to do this at this point in time."
Most students live far from the university, in Shahama or Baniyas, Mr Abraham said, making it difficult to use alternative forms of transport or car-share.
University officials said they held talks with the Department of Transport [DoT] last summer about postponing the implementation of the scheme. The DoT agreed to wait four months, after which talks were not resumed, officials said.
They say they were given no formal notice about the implementation of paid parking, although Mawaqif placed notices in newspapers and posters appeared on campus before the week began.
Mawaqif officials said student and staff concerns had been relayed to the DoT, which was looking into the matter.
mismail@thenational.ae
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
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Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
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Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
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Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
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.”
Read more about the coronavirus
Simran
Director Hansal Mehta
Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey
Three stars
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UAE currency: the story behind the money in your pockets
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