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 24,2020

Riyadh, Apr 24: As many as eleven Indian nationals have died due to COVID-19 in Saudi Arabia.

"As per information available with the Embassy as of April 22, eleven Indian nationals (four in Madinah, three in Makkah, two in Jeddah, one in Riyadh and one in Dammam) have passed away due to COVID-19 in Saudi Arabia," the Embassy of India in Saudi Arabia said in a press release on Wednesday.

It urged the Indian community to remain calm and avoid spreading of rumours amid the COVID-19 crisis.

"The Embassy also reiterates the need for the community to remain calm and avoid spreading of rumours that may create panic. It is important that social media is not used to disseminate false messages and spread hatred along communal lines that can vitiate the atmosphere," the Embassy said.

"As stated by Prime Minister Narendra Modi, COVID-19 does not see race, religion, colour, caste, creed, language or borders before striking, and our response and conduct should attach primacy to unity and brotherhood," it said.

Moreover, several measures on the supply of food, medicines and other emergency assistance to Indians in need are being implemented across the Kingdom.

Earlier, Indian Ambassador to Saudi Arabia, Ausaf Sayeed on April 22 had interacted with Indian community volunteers from the smaller towns all across the Kingdom to discuss the impact of the COVID-19 situation, and evaluate the implementation of various measures to ensure the welfare of Indian nationals.

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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Agencies
June 24,2020

New Delhi, June 24: The United Arab Emirates (UAE) has asked Air India to not carry any passengers aboard the repatriation flights to UAE being operated under the Vande Bharat Mission.

As per the Guidelines issued by the General Civil Aviation Authority of United Arab Emirates (UAE)- Safety Decision 2020-01 (Issue 17) Q and A Guidance For Foreign Operators, on June 23, 2020 - transportation of passengers ( UAE Nationals and Non - UAE Nationals) to the United Arab Emirates on the repatriation flights is not allowed.

In view of the foregoing, all passengers including the Indian Nationals who are holding valid Residency Permit / Work Permit of United Arab Emirates and have procured approval of the UAEs Federal Authority for Identity and Citizenship- UAE (ICA) of United Arab Emirates or an approval from the General Directorate of Residency and Foreigners Affairs (GDRFA) applicable to Dubai would need to have specific approval from the Embassy of the United Arab Emirates in New Delhi and their UAE Ministry of Foreign Affairs and International Cooperation (MOFAIC) to travel from India to United Arab Emirates (UAE) on these repatriation flights.

All passengers need to comply with the quarantine and COVID-19 test requirements as per the preventive and the precautionary measures required by the appropriate health authorities, as notified from time to time.

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