Old Zayed University Dubai Campus seen in November 2002. Courtesy Zayed University
Old Zayed University Dubai Campus seen in November 2002. Courtesy Zayed University

Zayed University's 1998 opening was a landmark for women



The opening of Zayed University in 1998 was a clear sign to the country's young women that they would have an active role in the UAE's future.
The founding of the country's only institute for women was symbolic of the responsibility being placed on their shoulders.
And 13 years later, Zayed University remains one of the country's fastest-growing institutions among two other federal universities and about 90 private colleges.
The university opened with about 1,200 students at its two campuses, which were small, converted schools next to Dubai International Airport and on Delma Street in Abu Dhabi.
Now there are 3,300 women at its 6,000-capacity Abu Dhabi campus in Khalifa City and 3,300 at its Dubai International Academic City campus, which is at capacity.
Four years ago the university opened its doors to men in Abu Dhabi, and last year in Dubai. It now has 1,000 male students, 700 in the capital and 300 in Dubai. And it has continued to grow - currently by about 20 per cent a year.
Its current vice chancellor, Dr Sulaiman Al Jassim, joined in 2006 after 16 years at the Higher Colleges of Technology, and has helped to guide the country's higher education landscape through its development. Zayed University was vital, he said, in giving students the chance to study for a degree in Abu Dhabi and Dubai, which until launch, was available only at UAE University.
Dr B Dell Felder, the university's provost for its first four years, said this made a significant difference, especially for women. "Many parents still didn't want to send their daughters away to Al Ain," she said.
"The girls wanted to study in the cities they lived in and there was clearly a need for this. The institutions were also in the centres of industry, where the jobs were."
That was especially so because far more girls completed high school - three times as many as boys, a ratio that persists even now, Dr Al Jassim said.
"Men have more opportunities, like jobs in the police, military, or getting scholarships to study abroad, but the majority of women prefer to continue their higher education," he said.
"Opening Zayed University was about encouraging women to participate in the economic and social development of the country and prepare them to be a part of the UAE workforce."
Today about 78 per cent of its graduates are employed within six months of leaving the university.
Dr Felder said the girls in the first graduating class were ambitious, no less so than today.
"One of the class went immediately to the US to do a master's degree, came back to a position in government and is now studying for a PhD," Dr Felder said. "She's not alone in the fact that she was inspired to do something for her country with her education."
One of the most rewarding parts of the job, she said, was watching the shy, unconfident girls blossom.
"Looking at a young girl who could barely look at you or speak out change into a young woman who knew what she wanted, with the confidence that she could have it, was so rewarding," she says.
Dr Felder left California State University for the role. "The whole idea of providing educational opportunities for women in that part of the world was very interesting to me. "Sheikh Nahyan [bin Mubarak, the Minister of Higher Education and Scientific Research] had said he wanted the girls to be educated so they could take positions in business and government and I was very impressed with his foresightedness."
Her successor, Dr Larry Wilson, who was provost from 2002 to 2007 and returned to the role this year, also acted as a consultant for the opening in 1998.
"The first two or three classes of students saw this as a chance for them to study in a university in a country where its leaders thought it was so important that they have this opportunity, showing them the potential they have," he said. "It did a lot to boost the morale of women in the country and in the region."
mswan@thenational.ae
This article has been corrected since original publication. Zayed University opened in 1998, not 1988 as originally stated.

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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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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
TEAMS

EUROPE:
Justin Rose, Francesco Molinari, Tyrrell Hatton, Tommy Fleetwood, Jon Rahm, Rory McIlroy, Alex Noren, Thorbjorn Olesen, Paul Casey, Sergio Garcia, Ian Poulter, Henrik Stenson

USA:
Brooks Koepka, Justin Thomas, Dustin Johnson, Patrick Reed, Bubba Watson, Jordan Spieth,​​​​​​​ Rickie Fowler, Webb Simpson, Tiger Woods, Phil Mickelson, Bryson DeChambeau ( 1 TBC)

If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

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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How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

Pupils in Abu Dhabi are learning the importance of being active, eating well and leading a healthy lifestyle now and throughout adulthood, thanks to a newly launched programme 'Healthy Lifestyle'.

As part of the Healthy Lifestyle programme, specially trained coaches from City Football Schools, along with Healthpoint physicians have visited schools throughout Abu Dhabi to give fun and interactive lessons on working out regularly, making the right food choices, getting enough sleep and staying hydrated, just like their favourite footballers.

Organised by Manchester City FC and Healthpoint, Manchester City FC’s regional healthcare partner and part of Mubadala’s healthcare network, the ‘Healthy Lifestyle’ programme will visit 15 schools, meeting around 1,000 youngsters over the next five months.

Designed to give pupils all the information they need to improve their diet and fitness habits at home, at school and as they grow up, coaches from City Football Schools will work alongside teachers to lead the youngsters through a series of fun, creative and educational classes as well as activities, including playing football and other games.

Dr Mai Ahmed Al Jaber, head of public health at Healthpoint, said: “The programme has different aspects - diet, exercise, sleep and mental well-being. By having a focus on each of those and delivering information in a way that children can absorb easily it can help to address childhood obesity."

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5