DUBAI // Despite the relative safety and comfort of life in the UAE, schools and parents need to be more savvy when it comes to the latest technology and apps if they are to protect children from the many dangers lurking online, experts say.
Teresa Hughes, director of the Centre for Child Protection, School of Social Policy, Sociology and Social Research at the University of Kent, UK, on Tuesday warned teachers, parents and pupils against complacency. Ms Hughes emphasised the need to keep up to date with tech trends at a series of workshops in primary and secondary schools.
Covering issues such as online privacy and what happened to photos posted on Snapchat, Ms Hughes, a former detective with Surrey Police in the UK, said she aimed to empower children to “protect themselves”.
She said the issue went beyond cyberbullying and touched on everything from grooming to sexual assault.
“Parents can worry too much about the latest app that comes out,” Ms Hughes said. “You have to look at what the risk is and then have a look at it yourself, which is another thing they don’t do enough of.
“Go on there with them, go and use it, see it for yourself.”
Of the 250 pupils at Jumeirah English Speaking School who attended Tuesday’s session, almost all used Instagram and two thirds used Snapchat.
“Parents need to be involved and to understand the issues and dangers, which they do when it comes to things like crossing the street, but not always when it comes to the internet,” said school director Mark Steed. “Because children are in their own home, parents think they’re safe, but it’s an illusion.”
Ms Hughes said low crime rates in the Emirates meant residents could easily be lulled into a false sense of security, but she aid that problems online had “no boundaries”.
Tona Cavanagh, a teacher at the school and a parent of two children, aged three and five, said the workshop was useful.
“You feel very protected in Dubai but it doesn’t matter where in the world you are, you are as vulnerable as everyone else,” she said.
“Having someone from outside the school come to discuss this helps to reinforce the importance of online safety.”
Mother of two Deane Marwa said she learnt a great deal from Ms Hughes. “I didn’t know you could message through games,” said the school’s deputy head. “That through gaming, people had access to my son. It’s really scary.”
Sarah Sneesby, mother of a nine-year-old and a 15-year-old, left the session with a greater knowledge of some of the safety protocols parents could install to make the internet safer.
“I went in thinking I had a reasonably good understanding of at least some of the dangers,” she said.
“I thought I knew what was out there, but I didn’t have a clue.”
She admitted not knowing that even YouTube had parental controls and applauded Ms Hughes for encouraging the children to speak up about things they felt uncomfortable with.
“The more the children know, the less likely they are to fall victim to people and the less likely they are to be exploited.”
Teacher Bianca de Vos joined the school from Australia, where her workplace was active in online safety. “Parents don’t realise the risks. They didn’t grow up with it. It was really valuable that we all saw the presentation, but also that parents had the chance to see it. It’s important we work together.”
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- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
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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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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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Afghanistan fixtures
- v Australia, today
- v Sri Lanka, Tuesday
- v New Zealand, Saturday,
- v South Africa, June 15
- v England, June 18
- v India, June 22
- v Bangladesh, June 24
- v Pakistan, June 29
- v West Indies, July 4
Killing of Qassem Suleimani