Education gets costlier in Dubai

April 9, 2012

School


Dubai, April 9: Dubai’s private schools received the green signal on Sunday to increase fees as the Knowledge and Human Development Authority (KHDA) announced a new school fees framework.


Fee increases for the new academic year will range between three to six per cent this year based on an educational cost index (ECI), which will be announced regularly by the Dubai Statistics Centre (DSC), and the school inspection report issued by the Dubai School Inspection Bureau (DSIB).


‘Outstanding’ schools will be allowed to increase their fees at double the rate of the ECI, which will amount to six per cent for the new academic year.


‘Good’ schools can increase fees by one and half times, which amounts to 4.5 per cent. ‘Unsatisfactory’ and ‘acceptable’ schools will be allowed to increase fees at three per cent. The DSIB classifies schools into outstanding, good, acceptable and unsatisfactory following an inspection cycle. Fee increases were tied to school inspection results in 2008 as increases were directly linked with the quality of education at schools.


Fee increase requests by most schools have been stalled since 2010 as the Dubai Executive Council had ordered a freeze on school fees. However, a few education operators were given a nod to increase fees over the last three years.


Taking into account the school inspection results, the new rules are aimed at regularising fee increases and tying them with the quality of education in Dubai’s private schools.


Mohammed Darwish, chief of Regulations and Compliance Commission at KHDA, said: “The framework prioritises the interests of students and parents and encourages investment in the education sector by allowing schools to develop long-term growth plans, as well as motivating existing schools to improve the quality of education they offer.”


While the new regulations are being developed after taking feedback from students, parents and schools, the increase comes as a surprise to many parents.


“Every parent wants the best for their child and these schools know about it very well. The fee hikes are something we can’t avoid and we can’t help but feel exploited,” said a parent who did not wish to be named.


In addition to the existing fee increases, ‘outstanding’ and ‘good’ schools can apply for exceptions to meet additional cost of investments in educational infrastructure. Admission and registration costs will also be regulated with the new rules.


The Department of Economic Development, Department of Finance, Dubai Chamber of Commerce, Dubai Real Estate Corporation, Dubai Statistics Centre, Dubai Executive Council and KHDA worked on developing the framework, which will be a medium to long-term solution to review fee increase applications by schools.


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Agencies
July 28,2020

Dubai, Jul 28: Abu Dhabi Commercial Bank (ADCB) (ADCB.AD) is letting go hundreds of employees, sources said, the latest in a round of lay-offs by regional banks as pressure mounts to cut costs amid lower oil prices and the coronavirus crisis.

The UAE’s third-biggest lender is laying off 400 employees, two sources familiar with the matter said, after it had committed to not cutting staff because of the crisis.

In a statement, a spokesman said ADCB had pursued efficiency over the last decade by managing out its lowest underachievers after regular reviews, while ensuring talent was deployed in high-growth areas, such as digital banking.

“A certain number of redundancies are therefore expected every year in the normal course of business,” the bank spokesman added.

The sources said the cuts would involve ADCB’s consumer business and several in top management were among those being let go. One source said the bank was looking to close 20 branches.

In March, ADCB had declared, “No employee will be made redundant during 2020 as a result of the COVID-19 pandemic.”

UAE banks have been hit by government measures to rein in the spread of the virus, forcing many businesses to shut temporarily.

Last week, Dubai’s largest bank, Emirates NBD, reported a slump of 58% in profits. In June, sources told Reuters the bank started a new round of hundreds of lay-offs.

In May, ADCB reported a fall of 84% in first-quarter net profit as it took impairments of $292 million on debt exposure to troubled hospital operator NMC Health and payments group Finablr.

It was a major lender, with an exposure of about $981 million, to NMC Health, which went into administration this year after months of turmoil following questions over financial reporting.

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Agencies
June 18,2020

Riyadh, Jun 18: Minister of Tourism Ahmed Al-Khateeb said that Saudi Arabia will resume tourist activities at the end of Shawwal (June 21) after a hiatus of more than three months due to lockdown measures imposed following the outbreak of coronavirus pandemic.

The minister made the remarks during a television interview after chairing the emergency meeting of the Arab Ministerial Council for Tourism on Wednesday. He said that the current indications are positive and that the Kingdom is ready to launch the summer program, which will be a boost for domestic tourism.

“It was revealed in a research study carried out by the Tourism Authority that 80 percent of Saudi citizens want to take advantage of domestic tourism. We will launch the domestic tourism program for the public after having made necessary coordination with the Ministry of Health and the concerned higher authorities,” he said.

Several Arab tourism ministers and officials of the relevant organizations attended the meeting, which discussed the challenges that the region’s tourism sector is facing due to the pandemic. Al-Khateeb pointed out that the Arab Ministerial Council for Tourism, headed by Saudi Arabia, held the virtual session in exceptional circumstances to discuss ways to get out of this pandemic and revitalize the tourism sector.

“Saudi Arabia has initiated a package of financial stimulus activities with a total value of more than $61 billion to protect jobs and businesses and reduce the economic burden of the crisis. The domestic tourism sector has benefited from it as one of the important economic sectors, as it covered 60 percent of salaries of Saudi employees in the private sector for a period of three months,” he added.

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Agencies
June 5,2020

Dubai, Jun 5: A new set of coronavirus guidelines for UAE hotels has been published by the National Emergency Crisis and Disasters Management Authority.

The guidelines, released late Thursday, require all employees to be tested for Covid-19 before reopening, and to be re-tested every 15 days.

Hotels are expected to provide an infrared thermometer and thermal camera, with employee temperatures to be tested several times per working day.

Any guest or employee showing coronavirus symptoms will not be permitted to enter hotel facilities, the guidelines stress.

Hotels must also leave a 24-hour gap between guests leaving a room, and the next guests arriving.

Facilities such as restaurants, cafes, gyms, swimming pools and beaches in hotels will resume operation under a minimum capacity.

Customers must have their temperatures taken before they enter.

The working hours of restaurants and cafes will be from 6am until 9pm, allowing four people to sit at the same table with 2.5 metres left between tables. Menus must be sterilised after each use.

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