Dubai has launched the Dubai Research and Development Programme to create new economic opportunities and support strategic sectors in the emirate.
“R&D is key to achieving Dubai’s futuristic vision for a robust knowledge-based economy,” Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, said in a tweet on Tuesday.
“Major economies and leading global cities have made great strides by focusing on research and development.”
A dedicated council will oversee progress in the execution of the programme's objectives, according to the Dubai Media Office.
“We directed the establishment of a council that includes national and international experts from the government, private and academic sectors to oversee the management of research and development projects, initiatives and legislation in the emirate … and ways to support investment in it … and increase local spending on it … and enhance the participation of the private sector in launching and financing them,” said Sheikh Hamdan.
The initiative, which was unveiled during a meeting at the Dubai Future Foundation, will provide a comprehensive framework for research, development and innovation across the emirate.
It seeks to supports Dubai’s future vision to create knowledge and innovation-driven solutions for local and global challenges, as well as increase the productivity of existing sectors by opening new growth avenues for them.
Dubai led the Arab world and was ranked 20th globally in 2020 on the Dubai Innovation Index, which was developed by the Dubai Chamber in collaboration with PwC.
The UAE — the Arab world’s second-largest economy — also climbed one spot on World Intellectual Property Organisation's Global Innovation Index 2021 to be ranked 33rd out of 132 countries.
The country was ranked 32nd among the 51 high-income group economies and third among the 19 economies in Northern Africa and Western Asia.
The R&D programme is based on four pillars: the provision of a road map and a comprehensive governance model; the setting of R&D priorities; governing funding and investments; and measures to increase Dubai’s R&D expenditure and maximise the private sector’s engagement, the media office said.
The initiative also seeks to regulate projects, initiatives and legislation in the R&D sector. The plan includes raising domestic spending on such projects.
“Maximising the private sector’s engagement in R&D is crucial to achieving our future goals in Dubai,” said Sheikh Hamdan, who is also the chairman of the Executive Council of Dubai and chairman of the Board of Trustees of the DFF.
He highlighted the importance of encouraging international companies to conduct R&D activities in the emirate, adopt innovative ideas and methodologies, capture future opportunities and focus on advanced technology.
The Dubai R&D Programme has outlined four priority areas across the emirate — health and well-being, environmental technology, smart built infrastructure and space and augmented human-machine intelligence.
The programme’s initiatives in these areas will be supported by the adoption of disruptive technology such as artificial intelligence, big data, the Internet of Things, blockchain, robotics, drones, 3D printing and others.
“Boosting scientific and technological research is pivotal to achieving Dubai's vision for the future economy,” Sheikh Hamdan said.
In July, Dubai formed a higher committee for future technology and digital economy, continuing its efforts to establish the emirate as a global hub for the future economy. The entity aims to help shape the future of artificial intelligence by investing in the metaverse and establishing partnerships to boost Dubai’s digital economy.
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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The Internet
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four stars
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Match statistics
Dubai Sports City Eagles 8 Dubai Exiles 85
Eagles
Try: Bailey
Pen: Carey
Exiles
Tries: Botes 3, Sackmann 2, Fourie 2, Penalty, Walsh, Gairn, Crossley, Stubbs
Cons: Gerber 7
Pens: Gerber 3
Man of the match: Tomas Sackmann (Exiles)
UAE currency: the story behind the money in your pockets
Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
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EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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Zimbabwe v UAE, ODI series
All matches at the Harare Sports Club:
1st ODI, Wednesday, April 10
2nd ODI, Friday, April 12
3rd ODI, Sunday, April 14
4th ODI, Tuesday, April 16
UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed
THURSDAY FIXTURES
4.15pm: Italy v Spain (Group A)
5.30pm: Egypt v Mexico (Group B)
6.45pm: UAE v Japan (Group A)
8pm: Iran v Russia (Group B)
Euro 2020
Group A: Italy, Switzerland, Wales, Turkey
Group B: Belgium, Russia, Denmark, Finland
Group C: Netherlands, Ukraine, Austria,
Georgia/Kosovo/Belarus/North Macedonia
Group D: England, Croatia, Czech Republic,
Scotland/Israel/Norway/Serbia
Group E: Spain, Poland, Sweden,
N.Ireland/Bosnia/Slovakia/Ireland
Group F: Germany, France, Portugal,
Iceland/Romania/Bulgaria/Hungary
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Skoda Superb Specs
Engine: 2-litre TSI petrol
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
When Umm Kulthum performed in Abu Dhabi
Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.
