Pupils in the UK and abroad are awaiting their grades in what is a different A-Level and GCSE exam results week this year.
A-Level results were released at 8.30am BST on Tuesday, August 10 with students able to access results from then. GCSE results will be available from around 8am BST on Thursday, August 12.
Why are A-Level and GCSE results days different this year?
The coronavirus pandemic has changed the face of education and posed problems for educators worldwide, with the fairest assessment of pupils proving especially problematic.
In June, the UK government took the decision to cancel exams for the second year in a row in recognition of the hours of lost learning for pupils.
After last year's unsuccessful dalliance with AI to allocate grades, pupils will instead be assessed solely by teachers, a change which also applies to British schools in the UAE.
Despite these differences, one aspect remains the same: the butterflies in the stomachs of pupils across the world as they await their results.
What time are GCSE results out in 2021?
Pupils will be able to access their GCSE results from around 8am on Thursday, August 12.
A-Level results were released on Tuesday for pupils in the UK, UAE and globally and GCSE results will be released on Thursday.
The two-day interval is shorter than the customary week gap to allow pupils longer to appeal their teacher-assessed results.
How are A-Level and GCSE results being calculated in 2021?
Teacher assessments are based on several pieces of marked work and previous exams. Pupils must be made aware of the work and exams being assessed before their grades are finalised.
All work assessed is based on this year's teaching, making allowances for teaching hours curtailed by Covid restrictions.
All grades will be double-checked by other teachers before being signed off by the head teacher.
Exam boards have a modified role this year. Instead of marking exams, they will monitor the process to avert any abuse and judge if the evidence teachers use to grade pupils is fair.
Will A-Levels and GCSE exams return in 2022?
UK Education Secretary Gavin Williamson hopes exams will return in 2022, although he told the House of Commons' education select committee in June that to “immediately switch back to the situation as it was back in 2019" was not possible.
Adjustments lined up for next year include slimming down some of the subject areas to be tested and pushing back the dates of exams to increase lesson time.
One innovation that looks unlikely to get off the ground is leaving certificates. Earlier this year, Britain's qualifications regulator Ofqual revealed its proposal to scrap A-Levels in 2020 and offer “non-qualification” certificates in their place was rejected by the UK government.
How do I apply for clearing for A-Levels?
If students don't get the grades they had hoped for or have failed to meet their conditional offers, they can apply for places through the clearing process instead.
The UCAS clearing system allows students who have missed their grades to find places on university courses which still have vacancies available.
Clearing is open from July 5 to October 19, and students can find places on the UCAS website.
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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.”
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Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
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Umm Yifina Street exit (inbound)