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
May 18,2020

Abu Dhabi, May 18: Bollywood superstar Salman Khan has recorded a special message for Indian expats in the UAE as the country fights the coronavirus pandemic.

Khan - one of the biggest stars of Bollywood for decades - enjoys a large fan following in the Gulf, which is why Abu Dhabi roped in the actor to record a special video message for expats, urging them to cooperate with authorities in the capital and the country as they carry out sanitisation and testing programmes.

In the video, tweeted by the Abu Dhabi Media Office on Sunday night, the superstar appeals to Indians in Abu Dhabi to become heroes by staying home (stepping out for essential work/errands only), following precautionary measures and simply 'do the right thing' by getting tested if they have any Covid-19-related symptoms.

Khan, who has shot his recent super hit films (Race 3) in the capital, assured expats that Abu Dhabi authorities will not leave the community in these challenging times as it is a hospitable city who takes care of all residents.

"Following preventive measures also protects your family from the virus - so do the right thing as heroes do," Khan concludes.

The second phase of Abu Dhabi's sanitisation and testing in labour areas is underway, which started on May 16. Special testing facilities have been set up in the city for this purpose that test thousands of workers everyday.

As of May 17, UAE has confirmed over 23,000 cases along with over 8,000 recoveries and 220 deaths.

The country recently made a breakthrough in treating Covid-19 by using stem cells to help with the recovery.

The UAE leadership has thanked citizens and residents for their cooperation and assured that the country will take care of everyone in the country - with food and medicines being the red line, and that there will be no shortage of either during the crisis. Stimulus packages have been announced to help businesses stay afloat.

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Agencies
May 28,2020

Sharjah, May 28: The Ministry of Interior has warned the public against visiting wadis during bad weather conditions, including rainy seasons, to avoid the risk of getting caught in flash floods that could endanger their lives.

A video posted on its official Instagram account depicted several such incidents involving cars being swept away by floods.

The warning comes after four people were found dead this week in Sharjah's Wadi Al Helo, an area hit by floods during heavy rains that lashed the emirate, authorities said.

The National Search and Rescue Centre (NSRC) found the bodies as it conducted an operation to look for seven people who were reported missing amid the unstable weather conditions.

In a separate incident yesterday, 20 passengers of a bus that got stuck in Wadi Hatta's Umm Al Nosor area in Dubai were also rescued by police after their vehicle was swept away by floods.

The ministry urged the public to follow the directives issued for their own safety.

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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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