Payments technology company Visa and children’s money management application Cashee are launching educational workshops in UAE schools to coincide with Global Money Week that runs from March 21 to 27.
The programme, available to all schoolchildren, will explore the fundamentals of personal finance, including budgeting, saving, responsible spending and the use of credit, Visa said in a statement on Monday.
It also aims to equip educators with the curriculum to strengthen students’ financial literacy.
Fifty-nine per cent of the 2,046 adult Americans polled in a Charles Schwab Financial Literacy survey in June 2020 cited the value of saving money as a key lesson to be taught to children. This was followed by teaching basic money management (52 per cent), while 51 per cent respondents listed setting financial goals and working towards them as an important learning.
On a scale of one to 100, the respondents rated money management (62.9 per cent) as the most important skill for children to learn. About 63 per cent of US adults also chose financial education as the most important supplementary graduation requirement to maths, English and science, the survey found.
The 10th edition of Global Money Week, an annual initiative run by the Organisation for Economic Co-operation and Development, aims to improve financial literacy for young people. This year’s theme is Build Your Future, Be Smart About Money.
“What we have learnt during our pursuit [of financial literacy] is that addressing the gap in knowledge cannot be the sole responsibility of educators,” said Carl Manlan, Visa’s vice president for inclusive impact and sustainability for Central and Eastern Europe, Middle East and Africa.
“Financial leaders must work together to ensure younger generations are taught practical and fundamental skills of money management.”
Experts from Cashee and Visa will visit schools across the UAE “to speak to as many kids and teenagers as possible”, Smeetha Ghosh, co-founder and chief executive of the UAE start-up, said.
Financial leaders must work together to ensure younger generations are taught practical and fundamental skills of money management
Carl Manlan,
Visa’s vice president for inclusive impact and sustainability, Central and Eastern Europe, Middle East and Africa
Cashee, which will launch in the UAE in April 2022, will provide teenagers with a free digital banking app and prepaid card to manage their money effectively.
Separately, UAE youth money management platform Edfundo also said on Monday that it will distribute bespoke learning modules and teacher handbooks to Dubai schools to encourage an upscaling of financial literacy.
More than 20 UAE schools will support the financial literacy push over the coming days, Edfundo said.
The packs are part of the Edfundo For Schools initiative that guides teachers on plugging the financial literacy education gap at home, online and in the classroom.
“GMW2022’s theme … captures the importance of being money smart from an early age to avoid the many pitfalls – financial and otherwise – that can befall us later in life,” said Andrew Toward, Edfundo’s co-founder and chief operating officer.
“We believe a week is not long enough to undo the mistakes of the past in not putting enough emphasis on financial literacy. It will take a year-round effort.”
Company%20profile
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Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Global Fungi Facts
• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Results
United States beat UAE by three wickets
United States beat Scotland by 35 runs
UAE v Scotland – no result
United States beat UAE by 98 runs
Scotland beat United States by four wickets
Fixtures
Sunday, 10am, ICC Academy, Dubai - UAE v Scotland
Admission is free
Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
THE SPECS
Engine: 2.0-litre 4-cylinder turbo
Power: 275hp at 6,600rpm
Torque: 353Nm from 1,450-4,700rpm
Transmission: 8-speed dual-clutch auto
Top speed: 250kph
Fuel consumption: 6.8L/100km
On sale: Now
Price: Dh146,999
The Baghdad Clock
Shahad Al Rawi, Oneworld
What is Folia?
Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.
Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."
Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.
In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love".
There are also plans to take Folia to several more locations throughout the Middle East and Europe.
While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."
Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
Greatest Royal Rumble match listing
50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias
Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match
WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura
Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
United States Championship Jeff Hardy (champion) v Jinder Mahal
SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos
Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt
Casket match The Undertaker v Rusev
Singles match John Cena v Triple H
Cruiserweight Championship Cedric Alexander v Kalisto
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
ENGLAND%20SQUAD
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COMPANY%20PROFILE%20
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