The Rising School in Nad Al Sheba sent a letter to parents saying it will cease operations on July 2. The National    
The Rising School in Nad Al Sheba sent a letter to parents saying it will cease operations on July 2. The National    

School being out for a month is not easy on the parents



Regarding Juman Jarallah and Rory Reynolds' report Coronavirus: UAE schools to close for a month (March 3): February might be the shortest month but March is going to be the longest as school's out for a month. Parents are in a relax-mode. No school trips to juggle. No early morning madness. Kids home all day, building forts, creating infinite paper planes and trying out all kinds of crazy, new things. While others are just too busy trying to juggle this new curveball.

And in this long month, mothers ask for one thing: a little patience from your side. If apartment corridors are alive with the sounds of kids trying to burn excess energy, please understand. The mother is probably hiding inside after saying ‘no, please don’t’ for the umpteenth time.

If a working mother has to stay home and work remotely, please understand. She has no one to leave the kids with. Nannies don’t grow on trees.

If a work-from-home mom is late submitting her work, please understand. Her plate just got loaded with more than she could handle. It is a difficult time for all of us. For mothers, maybe a little more. The unexpected school break has left us with more work, than we were already doing.

On top of that, there’s fear lurking. Should we take the kids out? Can we do a quick trip to the mall? Is it okay to organise playdates?

It’s not easy, especially with WhatsApp groups circulating all kinds of information. The latest one I read had something to do with garlic and boiled water to prevent the spread. Just for a month, bear with us and our children.

Ayesha Mohammad, Dubai

Syrians need a better future free of the devastation of the past decade

With reference to A regime victory will not end Syria's war (March 10): The National editorial on the Syrian crisis and the civilians suffering was meaningful and thought provoking. Syria's regime, even though controlled under the dictatorship of Mr Al Assad, the people of Syria want somebody to save them even. After a decade of trauma, Syrians need a good regime for their future, free of the dictatorship of Mr Al Assad who is not interested in the people's welfare or the state's development.

K Ragavan, Bengaluru, India

Plastic bag ban: a good, smart move

With reference to Daniel Sanderson and Haneen Dajani's report Abu Dhabi to phase out disposable plastics (March 9): Thank you to all the senior councils and Rulers of the country for gradually taking the extreme and most necessary step.

Mahesh Bhatia, Dubai 

This gives us one more reason to love this country.

Jane Roque, Abu Dhabi

This is such a great step. Let’s hope Dubai copies this.

Anna Hopkins, Dubai

In Italy we did this 10 years ago. We use bags made from corn.

Antonia Tartaglia, Dubai

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Raha%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Kuwait%2FSaudi%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Tech%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2414%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Soor%20Capital%2C%20eWTP%20Arabia%20Capital%2C%20Aujan%20Enterprises%2C%20Nox%20Management%2C%20Cedar%20Mundi%20Ventures%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20166%3C%2Fp%3E%0A
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 
A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

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
'Gehraiyaan'
Director:Shakun Batra

Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa

Rating: 4/5

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

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.”

The Kingfisher Secret
Anonymous, Penguin Books