Children need 'extra education'



Sheikh Ammar bin Humaid Al Nuaimi, the Crown Prince of Ajman, has stressed the importance of extra-curricular activities outside of school for the development of creativity in the young, during a tour of schools and government sites in the Mazira region. "Education outside the school is no less important than education inside the school," said Sheikh Ammar during his visit to one of the major schools in Mazira, the Mazira Elementary and Secondary school for girls.

Sheikh Ammar also called on the faculty and the students to co-operate "to produce a generation of girls that are good at science and that will excel in scientific achievements and raise high the UAE banner in all its educational sectors". One of the projects hailed by Sheikh Ammar as a great success was the "spring of life" project in the school's restaurant that provides daily, healthy breakfasts for its students because of the large number of students coming to school without having eaten.

This project was awarded the Sharjah Prize for Excellence. Sheikh Ammar then visited the Mazira government compound, a project costing Dh12 million that is expected to be completed and commence providing services in early 2010. He inspected the progress of work and visited the future offices of the federal government departments as well as the offices of local specialised communities in the emirate.

The compound will include rooms for training, rehabilitation, lectures and symposium as well as several offices for some of the major private companies. The aim of the project is to provide common services to the residents of Mazira and Masfout areas of Ajman and will be overseen by the General Secretariat of the Executive Council along with Ajman Municipality and Planning Department. rghazal@thenational.ae

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Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 


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