The inaugural edition of the UAE investment conference Investopia Europe was held in Milan as the Emirates seeks to use the platform to boost foreign direct investment into the country.
More than 350 leaders, businessmen, investors, entrepreneurs and economists from Italy, other parts of Europe and the UAE attended the event on Friday.
“Since its launch by the UAE government in September 2021, Investopia has been dynamising business and investment communities,” Abdulla bin Touq, UAE Minister of Economy and chairman of Investopia, told Wam.
“It has been able to achieve considerable success in facilitating dialogue and ties between government leaders, businessmen, investors, entrepreneurs, investment funds, as well as academic and research institutions, while also highlighting promising trade and investment prospects and opportunities around the world.”
Investopia is one of the events under the Projects of the 50 initiative announced by the UAE government in 2021 to accelerate the nation’s growth over the next five decades.
Investopia Europe marked the eighth edition of its global dialogues series and was the inaugural event in the region.
During the event, the UAE's Sharaf Group signed a memorandum of understanding with Italy's Smag company that is aimed at boosting trade and investment co-operation between the two countries in several key areas, including air and sea freight services, warehousing, and logistics services.
The Emirates aims to attract Dh550 billion ($149.77 billion) in FDI through the Investopia platform by 2031.
The UAE economy grew 7.6 per cent in 2022, the highest in 11 years, after growth of 3.9 per cent in 2021, the Central Bank said.
Its economy is projected to grow by 3.9 per cent in 2023 and 4.3 per cent in 2024, the regulator said.
The country aims to double the size of its economy to Dh3 trillion by 2031 with a focus on boosting non-oil exports and the tourism sector.
At Investopia Europe, Mr bin Touq called on attendees to explore investment opportunities in the Arab world’s second-largest economy and to capitalise on the advantages offered by the country’s business and investment environment.
The UAE delegation to Italy included 50 members from the public and private sectors.
Last week, the UAE and Italy held talks in Milan ahead of the event aimed at boosting economic relations and creating new investment opportunities.
Mr bin Touq urged Italy's private sector to seek opportunities in the UAE and highlighted the incentives offered by the country to boost growth through platforms such as Investopia as well as comprehensive economic partnership agreements.
The UAE has signed Cepa deals with India, Israel, Indonesia and Turkey so far, with plans to sign a total of 26 such agreements.
Al Jazira's foreign quartet for 2017/18
Romarinho, Brazil
Lassana Diarra, France
Sardor Rashidov, Uzbekistan
Mbark Boussoufa, Morocco
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
The Energy Research Centre
Founded 50 years ago as a nuclear research institute, scientists at the centre believed nuclear would be the “solution for everything”.
Although they still do, they discovered in 1955 that the Netherlands had a lot of natural gas. “We still had the idea that, by 2000, it would all be nuclear,” said Harm Jeeninga, director of business and programme development at the centre.
"In the 1990s, we found out about global warming so we focused on energy savings and tackling the greenhouse gas effect.”
The energy centre’s research focuses on biomass, energy efficiency, the environment, wind and solar, as well as energy engineering and socio-economic research.
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
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Indoor cricket World Cup:
Insportz, Dubai, September 16-23
UAE fixtures:
Men
Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final
Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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Killing of Qassem Suleimani
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support