• Noura Mohammed Al Kaabi, the UAE's Minister of Culture and Knowledge Development makes her keynote address at the Culture Summit 2019. Manarat Al Saadiyat, Abu Dhabi. All photos by Chris Whiteoak / The National
    Noura Mohammed Al Kaabi, the UAE's Minister of Culture and Knowledge Development makes her keynote address at the Culture Summit 2019. Manarat Al Saadiyat, Abu Dhabi. All photos by Chris Whiteoak / The National
  • Mohamed Khalifa al Mubarak, Chairman, Department of Culture and Tourism makes his opening remarks at the Culture Summit.
    Mohamed Khalifa al Mubarak, Chairman, Department of Culture and Tourism makes his opening remarks at the Culture Summit.
  • Jorge Fernando Quiroga, Former President of Bolivia, speaks on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
    Jorge Fernando Quiroga, Former President of Bolivia, speaks on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
  • Mina Al Oraibi, Editor in Chief of The National, speaks on the topic of How can the media survive the new age of technology at the Culture Summit.
    Mina Al Oraibi, Editor in Chief of The National, speaks on the topic of How can the media survive the new age of technology at the Culture Summit.
  • Artist Emeka Ogboh speaks on the topic of How museums can creatively embrace the digital age at the Culture Summit.
    Artist Emeka Ogboh speaks on the topic of How museums can creatively embrace the digital age at the Culture Summit.
  • Zaki Nusseibeh, UAE Minister of State speaks on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
    Zaki Nusseibeh, UAE Minister of State speaks on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
  • José Luis Rodríguez Zapatero, Former Prime Minister of Spain speaks on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
    José Luis Rodríguez Zapatero, Former Prime Minister of Spain speaks on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
  • Bernardino Leon, Director General, Emirates Diplomatic Academy. speaks on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
    Bernardino Leon, Director General, Emirates Diplomatic Academy. speaks on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
  • The crowd ask questions on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
    The crowd ask questions on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
  • John Defterious, Emerging markets editor and host, Marketplace middle east CNN speaks on the topic of How can the media survive the new age of technology at the Culture Summit.
    John Defterious, Emerging markets editor and host, Marketplace middle east CNN speaks on the topic of How can the media survive the new age of technology at the Culture Summit.
  • Shashi Menon, Founder and Chief Executive officer, Nervora speaks on the topic of How can the media survive the new age of technology at the Culture Summit.
    Shashi Menon, Founder and Chief Executive officer, Nervora speaks on the topic of How can the media survive the new age of technology at the Culture Summit.
  • A panel discussion on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
    A panel discussion on the topic of Cultural diplomacy and responsibility in the age of technology at the Culture Summit.
  • A performance by Marcos Lutyens at the Culture Summit.
    A performance by Marcos Lutyens at the Culture Summit.
  • Kudo Takashi, teamLab, Artist collective/Digital Art Museum, Tokyo speaks on the topic of How museums can creatively embrace the digital age at the Culture Summit.
    Kudo Takashi, teamLab, Artist collective/Digital Art Museum, Tokyo speaks on the topic of How museums can creatively embrace the digital age at the Culture Summit.
  • Farooq Chaudhry, Producer, Akram Khan Company speaks on How we define popularity v populism at the Culture Summit.
    Farooq Chaudhry, Producer, Akram Khan Company speaks on How we define popularity v populism at the Culture Summit.
  • Apian Poshyananda, Artistic director, Bangkok art Biennale speaks on the topic of How museums can creatively embrace the digital age at the Culture Summit.
    Apian Poshyananda, Artistic director, Bangkok art Biennale speaks on the topic of How museums can creatively embrace the digital age at the Culture Summit.
  • Munira Mirza, Executive Director, Culture, King's College London speaks on How we define popularity v populism at the Culture Summit.
    Munira Mirza, Executive Director, Culture, King's College London speaks on How we define popularity v populism at the Culture Summit.

Culture Summit Abu Dhabi to return in October


Saeed Saeed
  • English
  • Arabic

The Culture Summit Abu Dhabi, an annual event bringing together leaders from the fields of art, heritage, museums, media and technology, will now take place from October 23 to 25.

The news comes after the annual gathering was postponed following the death of Sheikh Khalifa, the UAE’s second president, who died on May 13.

The new dates for the event were announced by the Department of Culture and Tourism — Abu Dhabi during Monday's launch of a joint study with Unesco, about Covid-19's impact on the global cultural sector.

Details of the venue and the line-up of speakers will be announced soon.

Organised by DCT Abu Dhabi, the fifth Culture Summit Abu Dhabi was set to run under the theme A Living Culture, with keynote speeches and panel discussions examining culture's role in a post-Covid-19 world.

Comedian and The Daily Show host Trevor Noah was one of the guest speakers scheduled for the programme.

Other guests who were scheduled to appear included Malawi's first female president Joyce Banda; renowned architect Frank Gehry; Noura Al Kaabi, the UAE's Minister of Culture and Youth; and DCT Abu Dhabi chairman Mohamed Khalifa Al Mubarak.

Unesco assistant director general for culture Ernesto Ottone, left, and DCT Abu Dhabi chairman Mohamed Khalifa Al Mubarak at the launch of the 'Culture in Times of Covid 19: Resilience, Recovery and Revival' report in Abu Dhabi. Chris Whiteoak / The National
Unesco assistant director general for culture Ernesto Ottone, left, and DCT Abu Dhabi chairman Mohamed Khalifa Al Mubarak at the launch of the 'Culture in Times of Covid 19: Resilience, Recovery and Revival' report in Abu Dhabi. Chris Whiteoak / The National

While the new programme will be revealed soon, Mubarak confirmed the aforementioned report, titled Culture in Times of Covid-19: Resilience, Recovery and Revival, will feature at the summit.

The extensive study highlighted how the pandemic cost the global creative economy up to 40 per cent in lost revenue and more than 10 million jobs in 2020 alone.

The report calls for a holistic approach when it comes to cultural policy-making in the wake of the pandemic and as a safeguard against future challenges.

"It is almost like our blueprint to make sure that whatever comes our way in the future, whether economic crises, recessions and pandemics, we are ready for them," Mubarak said.

"We want to make sure we have all the policies and tools to basically deter any difficulties we would face together.”

From falconry to sadu, the UAE has 12 traditions on Unesco's intangible heritage lists — in pictures

  • Arabic calligraphy is the latest addition from the UAE, among other countries, to Unesco's intangible cultural heritage lists. AFP
    Arabic calligraphy is the latest addition from the UAE, among other countries, to Unesco's intangible cultural heritage lists. AFP
  • Falconry has been practised in the Arab region for 4,000 years, mainly by desert-dwelling Bedouins as an important form of hunting and fishing in a land with scarce natural resources. Pawan Singh / The National
    Falconry has been practised in the Arab region for 4,000 years, mainly by desert-dwelling Bedouins as an important form of hunting and fishing in a land with scarce natural resources. Pawan Singh / The National
  • Learn more about al aflaj system in Al Ain in 'Emirates from Above', a National Geographic film. The traditional irrigation network system in the UAE has been added to Unesco's list.
    Learn more about al aflaj system in Al Ain in 'Emirates from Above', a National Geographic film. The traditional irrigation network system in the UAE has been added to Unesco's list.
  • Camel racing, an age-old tradition in the region, is still as popular today. EPA
    Camel racing, an age-old tradition in the region, is still as popular today. EPA
  • Date palms have been used for centuries for myriad purposes around the Gulf, including the UAE. It was added by Unesco in 2019. Antonie Robertson / The National
    Date palms have been used for centuries for myriad purposes around the Gulf, including the UAE. It was added by Unesco in 2019. Antonie Robertson / The National
  • Al azi poetry has been offered protected status by Unesco to develop a clear national identity in the UAE.
    Al azi poetry has been offered protected status by Unesco to develop a clear national identity in the UAE.
  • Al rafza is a traditional art form performed by men during special occasions, from weddings to national festivals. Reem Mohammed / The National
    Al rafza is a traditional art form performed by men during special occasions, from weddings to national festivals. Reem Mohammed / The National
  • The serving of Arabian coffee is a vital part of hospitality in the region and 'considered a ceremonial act of generosity', says the Unesco inscription. Khushnum Bhandari / The National
    The serving of Arabian coffee is a vital part of hospitality in the region and 'considered a ceremonial act of generosity', says the Unesco inscription. Khushnum Bhandari / The National
  • The majlis, a cultural and social space prevalent throughout the region, was added in 2015 on behalf of the UAE, Saudi Arabia, Oman and Qatar. Jaime Puebla / The National
    The majlis, a cultural and social space prevalent throughout the region, was added in 2015 on behalf of the UAE, Saudi Arabia, Oman and Qatar. Jaime Puebla / The National
  • Al ayyala is a cultural performance practised in north-western Oman and throughout the UAE. It was added in 2014.
    Al ayyala is a cultural performance practised in north-western Oman and throughout the UAE. It was added in 2014.
  • Al taghrooda, traditional Bedouin chanted poetry, was added in 2012. Mona Al Marzooqi / The National
    Al taghrooda, traditional Bedouin chanted poetry, was added in 2012. Mona Al Marzooqi / The National
  • Sadu, a traditional weaving technique, is on the list twice, once for the UAE and once for Saudi Arabia and Kuwait. It was added for the UAE in 2011. Reem Mohammed / The National
    Sadu, a traditional weaving technique, is on the list twice, once for the UAE and once for Saudi Arabia and Kuwait. It was added for the UAE in 2011. Reem Mohammed / The National
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UAE currency: the story behind the money in your pockets
THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

The specs: Volvo XC40

Price: base / as tested: Dh185,000

Engine: 2.0-litre, turbocharged in-line four-cylinder

Gearbox: Eight-speed automatic

Power: 250hp @ 5,500rpm

Torque: 350Nm @ 1,500rpm

Fuel economy, combined: 10.4L / 100km

Multitasking pays off for money goals

Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.

That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.

"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.

Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."

People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.

"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."

FIXTURES

Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)

Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)

Friday, February 1
Final, Zayed Sports City Stadium (6pm)

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Try out the test yourself

Q1 Suppose you had $100 in a savings account and the interest rate was 2 per cent per year. After five years, how much do you think you would have in the account if you left the money to grow?
a) More than $102
b) Exactly $102
c) Less than $102
d) Do not know
e) Refuse to answer

Q2 Imagine that the interest rate on your savings account was 1 per cent per year and inflation was 2 per cent per year. After one year, how much would you be able to buy with the money in this account?
a) More than today
b) Exactly the same as today
c) Less than today
d) Do not know
e) Refuse to answer

Q4 Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
a) True
b) False
d) Do not know
e) Refuse to answer

The “Big Three” financial literacy questions were created by Professors Annamaria Lusardi of the George Washington School of Business and Olivia Mitchell, of the Wharton School of the University of Pennsylvania. 

Answers: Q1 More than $102 (compound interest). Q2 Less than today (inflation). Q3 False (diversification).

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

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Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

Updated: October 17, 2022, 5:09 AM