The Crown Prince of Abu Dhabi has allocated Dh6 million to be spent on books and educational materials as the Abu Dhabi International Book Fair gets underway.
Sheikh Mohamed bin Zayed, Deputy Supreme Commander of the Armed Forces, made the announcement during the first day of the fair, with the books set to be purchased from the 500,000 titles available at the event.
The books and educational materials will be used to support the country’s education sector, and will be distributed to government schools throughout the UAE.
"Investing in books means investing in minds, the very foundation that any nation’s success is built on,” said Hussain Al Hammadi, Minister of Education. “We are grateful to His Highness Sheikh Mohamed bin Zayed for his support. Making a wide variety of literary works from the Abu Dhabi International Book Fair available to students will undoubtedly play an instrumental role in their educational development. It will also contribute greatly to broadening their horizons and better acquaint them with different cultures to hone their skills and further their experiences throughout their educational journey."
Mohamed Al Mubarak, Chairman of Abu Dhabi's Department of Culture and Tourism added: "We are greatly appreciative of this gesture, which reflects the vision and wisdom of His Highness Sheikh Mohamed bin Zayed Al Nahyan as it provides significant support and assistance to one of our country’s vital cultural industries, and follows the recent announcement that publishers are exempted from participation fees for the current edition of the Abu Dhabi International Book Fair.
“We will immediately begin working with the Ministry of Education to ensure the selection of titles meets the needs of students at various levels of education, and to provide school libraries with the latest and most important literary, scientific, cultural and educational publications. By doing so, we will be able to motivate our youth to read and discover more about the world around them, which is in line with the vision of His Highness to encourage reading among students, and to make reading and acquiring knowledge a priority for the UAE community."
Running from Sunday, May 23 until Saturday, May 29 at the Abu Dhabi National Exhibition Centre (Adnec), the 30th Abu Dhabi International Book Fair will see more than 800 exhibitors from 46 countries take part. The fair is taking place as a hybrid programme of virtual events and activities held on the ground under strict precautionary measures to ensure visitors enjoy a safe experience.
More information on the Abu Dhabi International Book Fair is available at adbookfair.com
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Race card
6.30pm: Emirates Holidays Maiden (TB), Dh82,500 (Dirt), 1,900m
7.05pm: Arabian Adventures Maiden (TB), Dh82,500 (D), 1,200m
7.40pm: Emirates Skywards Handicap (TB), Dh82,500 (D), 1,200m
8.15pm: Emirates Airline Conditions (TB), Dh120,000 (D), 1,400m
8.50pm: Emirates Sky Cargo (TB), Dh92,500 (D)1,400m
9.15pm: Emirates.com (TB), Dh95,000 (D), 2,000m
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The Programme
Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson
MATCH INFO
Mumbai Indians 186-6 (20 ovs)
Kings XI Punjab 183-5 (20 ovs)
Mumbai Indians won by three runs
UAE currency: the story behind the money in your pockets
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Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
Company profile
Company: Rent Your Wardrobe
Date started: May 2021
Founder: Mamta Arora
Based: Dubai
Sector: Clothes rental subscription
Stage: Bootstrapped, self-funded
Origin
Dan Brown
Doubleday
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Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Company info
Company name: Entrupy
Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist
Based: New York, New York
Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius.
Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.
The Melbourne Mercer Global Pension Index
The Melbourne Mercer Global Pension Index
Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.
The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.
“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.
“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”
Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.
Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.
“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.