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Khaleej Times
17-04-2025
- Business
- Khaleej Times
KT UniExpo: Why UAE parents are now reluctant to send their kids abroad to study
An increasing number of parents are choosing to not send their children abroad for studies and instead opting for educating them in the UAE. One expert at the KT UniExpo said only 20-30 per cent of the total number of people she met during the two-day fair were interesting in sending their children abroad for studies. 'The first question by whoever came to our stands was whether we were Dubai-based,' said Vera Hubner, Chief Marketing Officer of Frankfurt School of Finance and Management, a German business school. 'When we said no, only 20 to 30 per cent of the total visitors showed interest in going abroad.' She said a lot of parents were hesitant to send their children away due to various reasons, including visas and safety. 'A lot of parents are not prepared to let their children travel too far away and want to keep them close,' she said. 'Their ability to obtain visa is another factor." She added that to counter this, the institute was planning to open a branch in Dubai. 'It would be a great hub for us and cater to parents from the Indian subcontinent who would be willing to send their children to Dubai because it is safe and it is just a short distance away,' she said. Another university that is looking to open a local campus is American Kean University. Located in New Jersey, the university offers a wide range of courses in engineering, business and psychology. 'We are looking for some local partners to expand our business here,' said T. Itunu Balogun, Vice President of Innovation and Engagement at the university. 'A lot of students are not ready to leave their families and move away to the US and we think having a local educational institute would be great for such people.' Some parents expressed concerns about sending their children abroad for their studies. Kavita M., a parent who attended the event, said her 16-year-old son had wanted to purse computer engineering in the US but she was unsure about it. 'We had looked at several American universities and had shortlisted a few but with the current political uncertainty, I am not really sure I want him to go there,' she said. 'We looked at a few European universities too but with fears of an economic recession and with a lot of students being unable to find jobs in many of those places, I don't see a point in that either. I came here looking to learn more about universities in the UAE and I was quite surprised. There are many foreign universities offering a world-class education. So we have a lot to think and discuss about now.' According to Mokhammad Mashavipov, student recruitment junior officer at Canadian University Dubai, there has been a drop in demand of students wanting to transfer to Canada. 'After the Covid pandemic, the number of students wanting to go to Canada has reduced,' he said. 'However, there are still a small group who want to go there and find jobs there.' Strong demand However, Ketevan Karbaia, Director of International Relations Department at Caucasus University, said she has seen a strong interest amongst parents for the medical programme that the institute offers in Georgia. 'Georgia has become a very popular destination for medical studies in recent times,' she said. 'We also have a lot of interest in the double degree programme that we offer in partnership with some universities in the US and UK which gives students the chance to transfer to these countries.' The university partners with Ceeco Education Support Services in the UAE to help students with the enrollment, visa and education services.
Iraq Business
13-02-2025
- Business
- Iraq Business
German School to support Iraqi Company for Bank Guarantees
By John Lee. Germany's Frankfurt School of Finance and Management has won a contract with the International Labour Organization (ILO) to , "enhance the operational efficiency and effectiveness of the Iraqi Company for Bank Guarantees (ICBG). " The contract value was not disclosed. According to information provided by the UN, the project has four primary objectives: Optimize Organizational Structure: The consultancy will identify and address inefficiencies in ICBG's current structure. This involves ensuring clear lines of authority, effective delegation, and streamlined workflows. The consultancy will collaborate closely with ICBG staff to identify areas for improvement and implement new structures that support the organization's goals. Develop Comprehensive Standard Operating Procedures (SOPs): The consultancy will create detailed SOPs for all departments, providing clear guidelines and best practices for daily operations, decision-making, and compliance. These SOPs will be tailored to ICBG's specific needs and reflect industry best practices. Implement Effective Training and Coaching Programs: The consultancy will develop and deliver targeted training and coaching programs to equip ICBG staff with the necessary skills and knowledge to achieve project objectives and enhance organizational performance. This includes on-the-job training and coaching to ensure staff can effectively apply their new skills and knowledge. Support the Deployment of the USD 9 Million Guarantee Fund: The consultancy will assist ICBG in developing and implementing a comprehensive plan for the deployment of the USD 9 million guarantee fund. This will bolster ICBG's guaranteeing capacity and enable it to extend its reach to small and medium-sized enterprises (SMEs). The project aims to strengthen ICBG's capacity to support job creation and economic growth in Iraq by improving its operational efficiency, risk management capabilities, and overall effectiveness. The project will be implemented in two phases. (Source: UNGM)
