A hospital and two schools reopened in Ataq in Yemen yesterday after they were refurbished by the Emirates Red Crescent (ERC).
The Ataq Central Hospital, the Heneishan Secondary School for Boys and the Arwa School for Girls in the directorate of Ataq in Shabwah Governorate, southeast of the capital Sanaa, reopened after maintenance, restoration, rehabilitation and furnishing works at the two schools were completed. The ERC had awarded the contract for the work last August, Wam reported.
Mohammed Saif Al Muhairi, head of the ERC team in Shabwah, highlighted the importance of restoring health and education infrastructure for the people of Yemen, which has been hit by a civil war sparked by Iran-backed Houthi rebels fighting against the internationally-recognised government of president Abdrabu Mansur Hadi.
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Read more:
UN plans to expand humanitarian role in south Yemen
UAE dismisses threats by Houthi rebels
UAE says cracks in Yemen rebel alliance represent chance to break deadlock
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The inauguration of the restored hospital and schools in Ataq was attended by the director-general of the governorate's education, general health and population office.
Abdrabbuh Hashla Nasser, Secretary-General of the Local Council in Shabwah, praised the efforts of the UAE and its people for their support of the development of health and education services in Yemen, through the ERC.
A Saudi-led alliance, which includes the UAE, has been fighting in support of the internationally-recognised government since 2015.
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- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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Graduated from the American University of Sharjah
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