Abu Dhabi school where girl was attacked may be shut down



ABU DHABI // The school where an 11-year-old girl was beaten and severely injured could be shut down.
A team from Abu Dhabi Education Council has been investigating Al Maali International Private School since Lujain Hussein was attacked by four boys in the school playground on April 19.
"If findings show that any school failed to provide the required type of monitoring, inspection, safety and security required, Adec has the right to take all necessary steps as stipulated in the current laws and regulations . and it may get to the closure of such a school according to the magnitude of the violation committed by its management," Adec said today.
Khadeeja Al Sayar, the school principal, said: "We're not the first or the last school that had an incident like this. Similar incidents have taken place in other schools, and they have not been shut down, nor have they attracted such media attention."
After the attack Lujain was admitted to Sheikh Khalifa Medical City with a brain haemorrhage. Tests also found arteriovenous malformation, a congenital condition affecting blood supply to the brain.
Lujain is still being treated in hospital, where her family says she is making progress. She is no longer in a medically induced coma, but is sedated at night.
Adec said today its team was investigating only health and safety measures taken by the school, and any criminal aspect was a matter for the police and court investigations.
Mrs Al Sayar insists the school did nothing wrong. She said supervisors were in the playground when the incident occurred, but the playground is large and it was not possible for supervisors to be everywhere at once.
"It all happened in the matter of a minute, and by the time the supervisors were notified and went to the location, the bell rang and everyone went to their classes," she said.
"If we were wrong, then we would definitely listen to the council's requests and implement them. And if there is a major accident, we would immediately call an ambulance.
"But we did not make a mistake and this approach with all the media attention and involving everyone is not necessary. We need to focus on the girl's health and stop saying 'if'."
Mahran Hussein, Lujain's brother, welcomed the Adec investigation and said it was "to be expected".
"This is how it should be," he said. "A school has two responsibilities - to raise responsible students and to educate. If a school fails in either one of the two, it should be closed."
Mr Hussein, 22, said he wished no harm towards the four boys, aged about 9, who attacked his sister.
"We were surprised to find out from police papers that they were investigating the children. We don't want them to go to jail," he said.
"The children are still young and it is the school and the parents who could have prevented this horrible incident from taking place. They should be held responsible for what happened."
Two of the boys have taken leave of absence for relief from the "psychological implications" of the incident. The other two are still attending classes.
It is necessary to let the public know about such cases to prevent others from falling victim to such behaviour, Mr Hussein said.
"If we don't speak out about this now, then who will?" he said. "When my sister was admitted to hospital, we were told she might die. Now she is doing better, thank God, but we don't want to see another child in the same situation."
mismail@thenational.ae

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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Sugary teas and iced coffees

The tax authority is yet to release a list of the taxed products, but it appears likely that sugary iced teas and cold coffees will be hit.

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Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

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