Careers show highlights widening options

Updated 31 October 2013

Careers show highlights widening options

NAJAH 2013, the UAE’s major education, training and careers exhibition, is under way in Abu Dhabi. Sheikh Nahyan bin Mubarak Al Nahyan, minister of culture, youth, and community development, presided over the inauguration.
More than 160 international and local higher education institutions and employers looking to enroll thousands of UAE high school leavers and graduates are participating in the event at Abu Dhabi National Exhibition Center.
The exhibition ends Thursday.
The exhibition is being held at a time when reports say that private Western higher education institutes are growing in the UAE at a rate of 15 percent annually, and also that 24 percent of the UAE’s total government expenditure is earmarked for the education sector — more than twice that of what European governments set aside for education.
The focus on the UAE higher education is considered as timely and important as 49,000 high school students graduate every year according to the UAE National Bureau of Statistics.
More than 15,000 students are expected to visit the show during its three-day run.
Organized by Informa Exhibitions, the event is now in its seventh edition and has been steadily growing every year since its inaugural edition in 2007.
“Higher education is growing exponentially in the UAE, reflecting a rapidly increasing local and expatriate population coupled with ambitious government objectives to develop a stronger knowledge economy,” said Khurram Saeed, exhibition director of NAJAH.
“The sector has an estimated market size of $7.31 billion, and the demand for universities and training institutions will continue to grow as more and more high school graduates and parents seek quality higher education options. This year NAJAH has attracted the largest participation of universities yet, not only from the UAE but also internationally.”
The UAE currently hosts 37 international university branch campuses more than any country in the world, many of which are participating in NAJAH, including University of Wollongong, Dubai; Heriot Watt University, New York; Institute of Technology, Abu Dhabi; and Manipal University, India.

New emissions blow for VW as German court backs damages claims

Updated 26 May 2020

New emissions blow for VW as German court backs damages claims

  • Scandal has already cost firm more than €30 billion; ruling serves as template for about 60,000 cases

KARLSRUHE, Germany: Volkswagen must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost 5 years after its emissions scandal erupted.

The ruling by Germany’s highest court for civil disputes, which will allow owners to return vehicles for a partial refund of the purchase price, serves as a template for about 60,000 lawsuits that are still pending with lower German courts.

Volkswagen admitted in September 2015 to cheating in emissions tests on diesel engines, a scandal which has already cost it more than €30 billion ($33 billion) in regulatory fines and vehicle refits, mostly in the US.

US authorities banned the affected cars after the cheat software was discovered, triggering claims for compensation.

But in Europe vehicles remained on the roads, leading Volkswagen to argue compensation claims there were without merit. European authorities instead forced the company to update its engine control software and fined it for fraud and administrative lapses.

Volkswagen said on Monday it would work urgently with motorists on an agreement that would see them hold on to the vehicles for a one-off compensation payment.

It did not give an estimate of how much the ruling by the German federal court, the Bundesgerichtshof (BGH), might cost it.

Volkswagen shares were 0.5 percent lower. The BGH’s presiding judge had signaled earlier this month he saw grounds for compensation.

Costs mount

“The verdict by the BGH draws a final line. It creates clarity on the BGH’s views on the underlying questions in the diesel proceedings for most of the 60,000 cases still pending,” Volkswagen said.

A lower court in the city of Koblenz had previously ruled the owner of a VW Sharan minivan had suffered pre-meditated damage, entitling him to reimbursement minus a discount for the mileage the motorist had already
benefited from.

The court at the time said he should be awarded €25,600 for the used-car purchase he made for €31,500 in 2014.

“We have in principle confirmed the verdict from the Koblenz upper regional court,” said BGH presiding federal judge Stephan Seiters.

Volkswagen had petitioned for the ruling to be quashed altogether by the higher court, while the plaintiff had appealed to have the deduction removed.

A Volkswagen spokesman said that outside Germany, more than 100,000 claims for damages were still pending, of which 90,000 cases were in Britain.

The carmaker also said it had paid out a total of €750 million to more than 200,000 separate claimants in Germany who had opted against individual claims and instead joined a class action lawsuit brought by a German consumer group.

The carmaker said last month it would set aside a total of 830 million for that deal.

In a separate court, Volkswagen agreed last week to pay €9 million to end proceedings against its chairman and chief executive, who were accused of withholding market-moving information before the emissions scandal came to light.