Latest news with #Dh80
The National
20-05-2025
- Business
- The National
My Dubai Salary: ‘I earn up to Dh80,000 a month to support my eight children'
Nargiz Noimann, a 53-year-old Russian living in the UAE, has been saving diligently since the age of 30 to support her big family. Ms Noimann, who has eight children and three grandchildren, spends most of her monthly income on her children's education and to fulfil family needs. She is the founder and chief executive of health technology company, X Technology, which offers virtual reality and artificial intelligence-driven solutions for cancer recovery, dementia care and emotional rehabilitation. The solutions are being piloted in hospitals and wellness centres across the UAE. Ms Noimann, who travels between Dubai and Abu Dhabi because her children go to school in the UAE capital, has been living in the Emirates for the past two years. 'I plan to move all my assets to Dubai soon because I believe this is where my business will succeed the most and it offers the most potential for growth,' she says. Ms Noimann has a degree in clinical psychology, a master's degree in business administration from Prague and certifications in AI and VR. She has built a self-funded business with no loans or external investors. I started working as a psychologist 25 years ago and my monthly salary was about $3,000. I was self-employed. My business was operational in Russia, Latin America and Kazakhstan. I earn between Dh60,000 ($16,337) and Dh80,000 per month, depending on my start-up's revenue. My start-up makes an income of approximately between Dh300,000 and Dh500,000 per month. Besides spending on life's necessities, my main expenses are on my children. I spend most of my money on their education, plus investments into my company. I prioritise spending on meaningful experiences and personal development. This includes travel with purpose, advanced professional education and maintaining a healthy lifestyle. I also support charitable initiatives focused on mental health and education. Savings is an essential part of my life because I have eight children. Since the age of 30, I've been saving 10 per cent of my monthly income and investing into my kids, technology and myself. We have a financial consultant in our family who helps with investments. My main investments are in real estate in Russia and the US. I also plan to invest in property in Dubai very soon. Plus, I also invest a lot into my business. I only take a small portion of the company revenue for my personal use and for my family. I don't have any loans or credit cards, but I think they are great if you treat them as an instrument to invest into your business. My business is fully self-funded. I come from a family background where we didn't have much money growing up, so I never inherited anything. But my parents, who worked as engineers in a factory in Russia, imparted good education and I have passed that on to my children as well. No, my parents or school didn't teach me a lot when it comes to money management. But when I finished chores, my parents gave me pocket money. I don't really plan to retire. I treat my business as a job, it gives me energy to live and a reason to smile every day. So, I don't really think about retirement or saving for retirement because I plan to capitalise on my business even when I stop working. Yes, I've had an emergency fund for more than 20 years and it can easily sustain my family and me for two years. In the short term, my financial goal is to increase my personal monthly cash flow by 30 per cent, purchase a property in the UAE and build a solid financial reserve to prepare for larger investment opportunities and financial security. My long-term financial goals – in the next five to 10 years – are to own a portfolio of three to four rental properties generating consistent passive income and grow my total personal investment capital to Dh10 million, combining real estate assets, financial market investments and select venture opportunities. I also want to establish reliable passive income streams sufficient to fully cover living expenses and achieve long-term financial independence and dedicate a portion of my investment returns to supporting social initiatives focused on mental health and education. Instead of focusing solely on saving, I prefer to invest in assets that preserve and grow value over time. This includes carefully selected real estate investments, long-term financial instruments and equity investments in healthcare technologies. Real estate offers both security and the potential for steady income. Financial freedom means having the ability to choose how I spend my time and energy without being limited by financial constraints. It's about having the resources to support projects that make a meaningful impact and being able to prioritise personal well-being and family when needed.
Al Etihad
07-05-2025
- Business
- Al Etihad
Bank of Sharjah reports strong Q1 2025 results with 45% surge in net profit to Dh116 million
7 May 2025 19:37 SHARJAH (WAM)Bank of Sharjah has announced a strong start to 2025, posting a net profit of Dh116 million for the first quarter ended March 31, 2025, marking a 45% increase compared to Dh80 million in Q1 solid performance follows the Bank's remarkable turnaround in 2024 and reflects continued momentum driven by sound strategy, disciplined risk management, and improved operational Bank's first-quarter results were underpinned by a resilient balance sheet, prudent asset allocation, and a sustained focus on business growth. Operating income rose to Dh201 million, up 40.6% year-on-year, while the Bank continued to demonstrate its commitment to maintaining cost discipline, building on the positive trajectory established in on the results, Sheikh Mohammed bin Saud Al Qasimi, Chairman of Bank of Sharjah, said, 'I am pleased to announce an exceptional start to 2025, as we achieved record profitability in the first quarter. This performance reinforces our trajectory of sustainable growth, the strength of our strategic initiatives and the resilience of our business model.''The UAE's dynamic economic environment continues to offer compelling opportunities, and we remain well-positioned to leverage them,' added Sheikh Mohammed bin Saud Al Bank's Q1 2025 disclosure, released through the Abu Dhabi Securities Exchange (ADX), revealed a nearly 55% increase in profit before tax to Dh130 million. As of March 31, 2025, total assets reached Dh44.8 billion, with customer deposits rising to Dh30.5 billion, reflecting strong market confidence and customer and capital adequacy ratios remained comfortably above regulatory thresholds, reinforcing the Bank's robust financial Q1 2025 performance builds on the Bank's spectacular turnaround in 2024, where it reported a profit before tax of Dh416 million (Dh385 million after tax), reversing a loss of Dh275 million in 2023. The strong results confirm the success of management's transformation efforts and signals continued growth in the months ahead.
Hi Dubai
25-04-2025
- Business
- Hi Dubai
Harrow UAE Unveils Premium Primary Schooling with Fees Up to Dh100,000
Harrow, one of Britain's most renowned educational institutions, is bringing its prestigious brand to the UAE with two new schools set to open in 2026 — one in Dubai and the other on Saadiyat Island, Abu Dhabi. The launch marks a significant expansion into the Gulf, with each campus backed by Dh350 million in development and a focus on offering a premium, holistic education. Catering initially to students from FS1 to Year 6, the schools will gradually expand to cover all year groups up to age 18. Annual tuition fees will range from Dh80,000 to Dh100,000. The Dubai campus will span 55,000 square metres, while the Saadiyat Island site will cover 70,000 square metres. Each school will eventually accommodate up to 1,800 students. Backed by education provider Taaleem, Harrow UAE promises to go beyond academic excellence by embedding traditional values with modern practices. Students will be assigned personal tutors, engage in super-curricular programmes, and participate in a house system built around values like honour and fellowship. Rebecca Gray, Chief Education Officer at Taaleem, highlighted Harrow's commitment to inclusive and dynamic learning. From small class sizes to a 'games model' ensuring all students participate in team sports, every element is designed to support personal growth. Teacher recruitment is underway, with a strong emphasis on cultural integration and educational excellence. Harrow UAE also aims to connect students with the global Harrow alumni network, which includes figures such as Winston Churchill, Jawaharlal Nehru, and Benedict Cumberbatch. 'There's a remarkable network out there,' said Gray, adding that alumni have already begun engaging with the schools ahead of opening. News Source: Khaleej Times
Khaleej Times
25-04-2025
- Business
- Khaleej Times
Up to Dh100,000 fees: Harrow UAE launches premium schooling for primary years
Two Harrow-branded schools are scheduled to open in the UAE next year, with tuition fees ranging from Dh80,000 to Dh100,000 for students in primary years. With the tagline of 'Tradition Meets Tomorrow,' the schools aim to blend centuries-old traditions with new educational practices and promise more than just prestige. Each Harrow campus – first in a central location in Dubai covering 55,000 square metres, and the other in Saadiyat Island on 70,000 square metres – is set to eventually house around 1,800 students. The schools are categorised as 'super premium'. Starting from FS1 to Year 6, Harrow UAE will begin operations in 2026, expanding gradually to accommodate students aged three to 18. The development cost for each Harrow school will be Dh350 million. 'We're proud to be opening a co-educational school, offering a dynamic and inclusive learning environment. Our ideal class size will range between 18 and 22 students, depending on the grade and subject, ensuring personalised attention and a strong student-teacher relationship,' said Rebecca Gray, Chief Education Officer at Taaleem and a founding member of the team, in an interview with Khaleej Times. The school emphasised that its offering will be holistic and all-encompassing — from super-curricular activities to team teas, prep time, with each student being assigned a personal mentor — all included in the school experience. 'We are not just offering a prestigious name — we are thoughtfully embedding the true ethos of Harrow on the Hill into every aspect of what we do,' they added. 'More than just filling roles' The school is investing heavily in leadership and teaching talent. The Executive Principal — who has been appointed — was selected after an extensive global search. 'We are thrilled. It was important for us that our founding Executive Principal came with the experience of a range of educational establishments globally... someone who understands and appreciates the rigour required.' Teacher recruitment, which is beginning soon, will focus on attracting educators who understand both global best practices and local cultural values. 'It's not just about what you can bring to Harrow, but what Harrow can do for you as an educator,' added Gray. The recruitment of both Arabic and Islamic teachers will be a priority, ensuring cultural integration is not an afterthought but a foundational pillar. Games model Rebecca Gray explained that Harrow UAE will implement its distinctive 'games model' from day one — a move that promises every student access to team sports, regardless of skill level. 'If I'm a female student in Year Four, I will be on the netball courts with all of my fellow peers,' said Gray. 'I might be in the A team or the D team, and that's okay — because even in the D team, I will be given the opportunity to play competitive matches with peers at my level. Everyone gets the chance to participate at a competitive level, be challenged, and grow.' Super-curricular opportunities The school's 'house system' will mirror that of its UK counterpart, embedding Harrow's values of courage, humility, honour, and fellowship into daily student life. Gray pointed out that in bringing this vision to the UAE, the schools would ensure that its students are equipped with the tools to thrive both within and beyond the classroom. Super-curricular opportunities — from societies to orchestras, arts, sports to enterprise — will not be optional extras but integral to the learning experience. 'We want to ensure that the children are given the platform to develop their public speaking skills, put themselves on a stage or engage in discussion that evokes intellectual curiosity despite not choosing the option of GCSE/A Level Theatre Studies. Children will be actively encouraged to involve themselves in opportunities that are outside of their comfort zone. Each child will have a personal tutor, this is something that is an integral part of the ethos of Harrow on the Hill, something that will be a part of Harrow UAE from day one. Essentially, we are supporting individual children to build their own personal profile.' A global alumni vision Notably, the institution, which is one of Britain's most prestigious educational boarding schools, boasts an impressive list of alumni, including several UK prime ministers, such as Winston Churchill in the West, and India's first prime minister, Jawaharlal Nehru, in the East. The school, established in 1572, has produced an array of distinguished figures across diverse fields, including the poet, Lord Byron. Public figures such as actor Benedict Cumberbatch and singer James Blunt also attended Harrow. With one eye on the future, Harrow UAE is also already planning how it will support graduates beyond school gates. 'We've had a number of enthusiastic Harrovians — members of the alumni community currently residing in the region — express a strong desire to be involved with Harrow UAE. We've already had the pleasure of meeting many who are eager to contribute and join our board. There's a remarkable network out there, and we've had individuals offering their expertise even before we've opened our doors,' added Gray.
The National
22-04-2025
- Business
- The National
Harrow's UAE schools to charge up to Dh100,000 for primary years
The two Harrow-branded schools set to open in the UAE next year will have a fee structure of Dh80,000 to Dh100,000 ($21,780 to $27,230) for pupils in Early Years to Year 6, The National can reveal. The schools, one in Dubai and the other in Abu Dhabi – will each have a development cost of Dh300 million – are designed to blend heritage with future-facing education. Both schools will initially cater to pupils up to Year 6 before gradually expanding to serve older age groups in the coming years. "You're looking at state-of-the-art facilities, you're looking at an incredible performing arts auditorium and dance studios," Alan Williamson, chief executive of Taaleem, the education provider behind the project, told The National in an exclusive interview. "You're looking at robotics facilities and also a beautiful learning environment." The openings come at a time of unprecedented population growth and record private school demand. Dubai's private school sector alone recorded a 6 per cent enrolment increase this academic year, reaching a total of 387,441 pupils across 227 schools, Dubai's Knowledge and Human Development Authority found. With such rapid growth, Mr Williamson highlighted pressure from investors to open more schools and said Taaleem "committed to four schools and one acquisition in five years" but "delivered that in three". The group opened Dubai British School Jumeirah last year and Dubai British School Mira is set to open in August, while Taaleem also acquired Lycee Libanais Francophone Prive Meydan in November. Harrow is one of Britain's most famous educational intuitions, with alma mater include several UK prime ministers including Winston Churchill, poets, scientists and statesmen. "If you walk around the streets of the UK and asked what are the two biggest schools, undoubtedly the majority of the population would mention Eton and Harrow," Mr Williamson said. Each Harrow campus – 50,000 square metres in Dubai and 70,000 on Saadiyat Island – will eventually accommodate about 1,800 pupils, starting with early years and primary enrolment. The schools are classed as "super premium". While Mr Williamson did not disclose when admission will open, he said fees will be from Dh80,000 to Dh100,000. The Harrow developments represent Taaleem's largest capital investment to date, he added. In the UAE's hypercompetitive education sector, prestige alone is no longer enough. More than 200 private schools operate in Dubai, with 23 rated "outstanding". Parents, especially newly arrived expats, are faced with an array of choices. But for Mr Williamson, the Harrow schools will offer a bespoke level of care for each pupil. "We find their gifts, we find their talents, we find their interests," he said. "Of course, we challenge them to try this and try that other subject, but we really do develop them as individuals." He highlighted Harrow's "super curriculum" as a key factor. Alongside standard English national curriculum offerings, pupils will be immersed in a house system and extended learning through sports, drama, design, and education in artificial intelligence (AI). "One of the unique things about Harrow is their house system," said Mr Williamson. "In Harrow, you divide the school so it becomes very small, so that the students have this loyalty to their house and their house master and house mistress, and we're going to create that as part of Harrow Dubai and Harrow Abu Dhabi." Mr Williamson emphasised the aim is not to drive children to pass exams. "We are teaching children today for jobs that don't exist but will exist tomorrow," he said. "Our life is transformational at the moment, it's fast paced and, almost before a technology is learnt, a new technology has come in. Schools need to be quite careful about planning their curriculum." Taaleem's plan is one of measured ambition. "Schools are sacred intuitions," Mr Williamson said. "We have always believed we don't want to open 50 new schools in one year and get it wrong. It's too important for that, and so we have set out this strategy to grow year by year and make sure we're getting it right for every child in the school." Still, the numbers speak volumes. Dubai British School Jumeirah opened last year with 500 pupils – well above the forecast. DBS Mira is expected to start out with 600 pupils in attendance when doors open in August – double the initial target. As for Harrow's imminent arrival, early indicators suggest the demand is already there. "We're inundated," Mr Williamson said. "Parents are calling us, WhatsApping our principals. Harrow is a global name." While Taaleem has the rights to the Harrow brand in the Gulf, Mr Williamson said his focus is solely on the UAE and there is no plan yet to open other schools in the region.
