Last month's Abu Dhabi Science Festival was a nine-day event aimed at stimulatingthe curiosity of Emirati youth about science, technology and inventions.
The festival, organised by the Technology Development Committee in collaboration with the Abu Dhabi Education Council, was a promising initiative that needs to be replicated across the Arab world to motivate interest in science and technology (S&T). According to a recent study conducted at the Masdar Institute in Abu Dhabi, more exposure to S&T subjects at school would positively influence students and increase the likelihood that they would consider applying for S&T and engineering degrees.
Disappointingly, however, the study highlighted a significant misalignment between labour market demand and the specialisation of university students in the region. There are plenty of jobs in the S&T and engineering fields, but there are too many graduates from the humanities and social sciences.
The situation is worse among female Arabs, most of whom prefer to study non-technical subjects with the hope of securing relatively permanent teaching or office jobs in the public sector. Given the conservative cultural and social characteristics of this part of the world, it is no surprise that women are strongly under-represented in S&T studies.
Over recent years, the number of S&T students in general has been increasing in absolute terms (because of an increasing young population), but decreasing in relative terms. International experience tells us these indicators could seriously hamper the region's ambitious plans to nurture the human resources needed to develop a knowledge-based economy.
Singapore is often thought of as a successful case study when it comes to developing home-grown S&T-related capabilities. Although the pioneering efforts of the Singaporean government go back to 1970, they would not have succeeded without continuously updating and reviewing ambitious plans that focused on getting the best out of their workforce while taking into account both their existing capabilities and potential for international competitiveness.
South Korea is also another case worth considering. Serious attempts to elevate S&T standards and enhance research capabilities, as well as purposefully steering students towards scientific disciplines, have made Korea a scientifically advanced nation with a resilient work ethic and a remarkably high affinity for S&T.
While many developing countries aspire to the success achieved by some leading Asian countries, something often overlooked is that innovation and value creation within our societies are not necessarily processes driven by S&T. The fact that value could be created within non-technical fields (such as service innovations and innovation in the public sector) does not underplay the importance of engineering and technical education. But it should be used as an argument to highlight the need for developing soft skills of business and entrepreneurship among our future engineers and scientists.
Looking at the education system in the Arab world, there is no doubt that it needs to be overhauled to improve the quality of education, develop a culture of research and instil an entrepreneurial spirit in such a fast-growing young population.
Despite most of the Muslim and Arabic scientists whom we praise today and feel proud of once being labelled "time-wasters" and "magicians" by their contemporary societies, they can now form a source of inspiration for new generations. Such awareness cannot happen only within schools, it should also take place through outreach activities and media channels.
It should be accompanied by a serious effort to transform our spoon-fed style of education to one that stimulates a joy for research and creativity among pupils. We also urgently need to make genuine efforts to stimulate interest in science education through hands-on engagement of young students with scientific phenomena and employ highly qualified teachers who are equipped with up-to-date knowledge and skills.
Such efforts - within schools and beyond - will not produce results overnight. Raising S&T awareness and enhancing education in general may well take at least a generation to bear fruit.
That is why there is a need for governments to establish permanent science and discovery centres and museums of S&T across the Arab world. However, rather than assuming that raising awareness in S&T is the sole duty of governments, universities should also play a greater role as a part of their responsibility towards community engagement.
Yasser Al Saleh is a senior research fellow at the Insead Innovation and Policy Initiative in Abu Dhabi
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Company%20Profile
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
The%20specs
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Graduated from the American University of Sharjah
She is the eldest of three brothers and two sisters
Has helped solve 15 cases of electric shocks
Enjoys travelling, reading and horse riding
Dolittle
Director: Stephen Gaghan
Stars: Robert Downey Jr, Michael Sheen
One-and-a-half out of five stars
Teams
India (playing XI): Virat Kohli (c), Ajinkya Rahane, Rohit Sharma, Mayank Agarwal, Cheteshwar Pujara, Hanuma Vihari, Ravichandran Ashwin, Ravindra Jadeja, Wriddhiman Saha (wk), Ishant Sharma, Mohammed Shami
South Africa (squad): Faf du Plessis (c), Temba Bavuma, Theunis de Bruyn, Quinton de Kock, Dean Elgar, Zubayr Hamza, Keshav Maharaj, Aiden Markram, Senuran Muthusamy, Lungi Ngidi, Anrich Nortje, Vernon Philander, Dane Piedt, Kagiso Rabada, Rudi Second
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Call of Duty: Black Ops 6
Developer: Treyarch, Raven Software
Publisher: Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5
Killing of Qassem Suleimani
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Profile Box
Company/date started: 2015
Founder/CEO: Mohammed Toraif
Based: Manama, Bahrain
Sector: Sales, Technology, Conservation
Size: (employees/revenue) 4/ 5,000 downloads
Stage: 1 ($100,000)
Investors: Two first-round investors including, 500 Startups, Fawaz Al Gosaibi Holding (Saudi Arabia)
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners