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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News Network
April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

Comments

Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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News Network
April 10,2020

Dubai, Apr 10: Saudi Arabia reported 364 new coronavirus cases and three new virus-related deaths, the Ministry of Health announced on Friday.

The total number of confirmed cases in the Kingdom is 3,651, out of which 2,919 are currently active, the ministry added.

Out of the new cases, 90 were recorded in Mecca, 78 in Medina, 69 in Riyadh, and 54 in Jeddah, the ministry said.

Meanwhile, the number of fatalities rose to 47, while th number of recoveries reached 685.

The daily number of confirmed cases in Saudi Arabia has not peaked yet, and has been rapidly accelerating.

Saudi Arabia’s Minister of Health had said earlier this week that four different studies showed that the number of coronavirus cases in the Kingdom could reach between 10,000 to 200,000 within weeks.

The ministry spokesman emphasized the urgent need for citizens and residents to remain at home and maintain social distancing practices to ensure that the virus does not spread further.

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News Network
April 27,2020

Dubai, Apr 27: Saudi Arabia has reported 1,289 new Covid-19 cases on April 27, its Ministry of Health tweeted.

Of the newly diagnosed cases, Jeddah recorded 294 infections, followed by Makkah (218) and Madinah (202).

The ministry also confirmed five additional coronavirus-induced deaths, spiking the total death toll to 144.

2,507 people are talking about this
Since the outbreak of the virus strain in the Chinese city of Wuhan late last year, Saudi Arabia has reported a total of 18,811 Covid-19 infections.

As many as 2,531 patients have till now recovered from the virus.

Oman
The sultanate registered 51 new Covid-19 cases on April 27, including 37 nationals and 14 expatriates, spiking the total number of infections to 2,049, Oman News Agency tweeted.

Meanwhile, 10 coronavirus-related deaths have been confirmed in the country.

Qatar
The Ministry of Public Health has reported 957 Covid-19 cases among the 3,420 people tested in the last 24 hours.

As many as 85,709 people have been tested for the virus across the country.

The total number of Covid-19 infections since the outbreak has now risen to 11,244.

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