From early April, the Beit Lahia elementary schools' running costs will be covered by the Khalifa bin Zayed Al Nahyan Foundation. Above, children enjoy playtime.
From early April, the Beit Lahia elementary schools' running costs will be covered by the Khalifa bin Zayed Al Nahyan Foundation. Above, children enjoy playtime.
From early April, the Beit Lahia elementary schools' running costs will be covered by the Khalifa bin Zayed Al Nahyan Foundation. Above, children enjoy playtime.
From early April, the Beit Lahia elementary schools' running costs will be covered by the Khalifa bin Zayed Al Nahyan Foundation. Above, children enjoy playtime.

UAE rebuilds what Israel destroyed


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More than a year after they were attacked in an Israeli missile strike, two schools in the Gaza Strip are to be relaunched and renovated, thanks to a donation from the UAE. The Khalifa bin Zayed Al Nahyan Foundation is the first organisation to contribute to the "Adopt a School in Gaza Initiative" - a pilot project being launched by the UN's Palestine refugee organisation, the UN Relief and Works Agency (UNRWA). From early April, the Beit Lahia Elementary School for Boys and the Beit Lahia Elementary Co-Ed School in the northern Gaza Strip will have their running costs covered by the foundation. The schools share the same building, which was damaged in an Israeli missile strike during the 2009 Israeli offensive. According to Peter Ford, the representative of Filippo Grandi, the UNRWA's commissioner-general, the idea for the initiative came in the aftermath of the 22-day military operation, which left almost 1,400 Palestinians dead, 5,000 wounded and 3,500 homes destroyed. "There was a groundswell of concern and interest, especially from the Gulf, and we thought we should take advantage of that," Mr Ford said in a telephone interview. The UAE responded to the disaster, raising millions of dirhams for the resulting humanitarian crisis and pledging to take part in rebuilding efforts. But more than a year after the attacks ended, the Israeli blockade, which prevents most building materials from entering the Gaza Strip, continues to hamper humanitarian and rebuilding efforts, including the Khalifa Foundation's plans to build housing. In the meantime, Emirati organisations have provided direct support to UN projects such as the Adopt a School Initiative. According to the Khalifa Foundation, formally established in 2007, the project is currently its sole activity in Gaza, although they are involved with various other programmes in the West Bank. The foundation has provided an undisclosed amount of money to sponsor the school, which will soon be known as the Khalifa bin Zayed Al Nahyan Beit Lahia School when it is renamed early next month. The funds will be used to help in the repair and running of the school, and to supply everything from uniforms to stationery to sport supplies and school equipment. The children will also receive meals at school and the 37 teachers will receive their salaries through the programme. "It's everything to keep the schools going," Mr Ford said. "To us it represents a very welcome shot in the arm and it will hopefully encourage others to follow suit." The funding will cover the project for the first year, although UNRWA hopes to develop longer-term partnerships. The Beit Lahia school operates two shifts every day for students in grades one to four; 1,288 boys attend in the morning and another 1,288 boys and girls are enrolled for the afternoon shift. The classes have an average of 40 students each. According to UNRWA, the school was forced to transfer children in grades five and six to other schools because of overcrowding. The school was running just a week after the end of the 2009 conflict, as were all of UNRWA's 221 schools in the Gaza Strip. Repairs were carried out at the time to temporarily mend damage such as holes in the walls and broken doors and windows. "We got it operational quickly, but it has been limping along," Mr Ford said. "The extra funds will allow us to do things properly." The agency is in what Mr Ford described as "very severe financial difficulties" and is facing a US$60 million (Dh220m) shortfall in funding for its annual budget in all five areas where it operates: the West Bank, Gaza, Lebanon, Jordan and Syria. Still, the agency hopes to be able to secure about US$10m for a half-dozen "school adoptions" this year in the first phase of the project. "Hopefully other kind donors will follow the pioneering example set by the foundation," Mr Ford said. "Now we'll be able to do the necessary repairs and get the [Beit Lahia] school back on its feet." zconstantine@thenational.ae

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

The specs

Engine: 8.0-litre, quad-turbo 16-cylinder

Transmission: 7-speed auto

0-100kmh 2.3 seconds

0-200kmh 5.5 seconds

0-300kmh 11.6 seconds

Power: 1500hp

Torque: 1600Nm

Price: Dh13,400,000

On sale: now

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.

WHAT ARE NFTs?

     

 

    

 

   

 

Non-fungible tokens (NFTs) are tokens that represent ownership of unique items. They allow the tokenisation of things such as art, collectibles and even real estate.

 

An NFT can have only one official owner at one time. And since they're minted and secured on the Ethereum blockchain, no one can modify the record of ownership, not even copy-paste it into a new one.

 

This means NFTs are not interchangeable and cannot be exchanged with other items. In contrast, fungible items, such as fiat currencies, can be exchanged because their value defines them rather than their unique properties.

 
Dunki
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The low down

Producers: Uniglobe Entertainment & Vision Films

Director: Namrata Singh Gujral

Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark

Rating: 2/5

The specs: 2019 Audi A8

Price From Dh390,000

Engine 3.0L V6 turbo

Gearbox Eight-speed automatic

Power 345hp @ 5,000rpm

Torque 500Nm @ 1,370rpm

Fuel economy, combined 7.5L / 100km