Abu Dhabi start-up Pure Harvest Smart Farms and the Singapore Food Agency have signed a preliminary agreement to develop the city-state's first hybrid greenhouse tomato farm that is aimed at boosting sustainable food security.
The initiative, which will contribute to Singapore's key “30 by 30" national food security goal, will make use of innovation in the agricultural technology (AgTech) sector and boost research and development opportunities for local partners, Pure Harvest said on Thursday.
The agreement was signed by Sky Kurtz, chief executive of Pure Harvest, and Lim Kok Thai, chief executive of the SFA.
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Food used to raise sustainability awareness — in pictures
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In Dubai, executive chef at Teible restaurant, Carlos Frunze De Garza, saves left-over fruit and vegetables and incorporates the items into new recipes. All photos: Reuters -
From making sauces to vinegars, oils and kombucha tea, the chef describes sustainability as a “lifestyle in the kitchen”. -

'Look at one ingredient or one vegetable, look at how you can use it, from the seeds to the core, and make everything out of it, you can make peels, you can make salad,' De Garza says. -

'The seeds you can give back to the farmers, who can regrow the seeds, then the cores or the peels, we can make something out of it, we can make oils, we can make vinegars, we can make sauces,' the chef says. -

Large jars of fermented fruits and vegetables are lined up in the kitchen, where the chef uses his creations to add a twist to his dishes. -
!['We ferment and make our kombucha [pictured]. The liquid we use to make granita [semi-frozen dessert], the core we make into a powder, which we use for dessert. Basically everything, the zaatar and the blueberry, are used 100 per cent with the powder and granita," De Garza says.](https://www.thenationalnews.com/resizer/v2/PLUVQW4CE5XDQOIRTMBB6ZY4G4.jpg?smart=true&auth=359efe3fb60e53b4e5e3a4006b610bca89a66f95d84b93c36d56196838d27bbe&width=400&height=225)
'We ferment and make our kombucha [pictured]. The liquid we use to make granita [semi-frozen dessert], the core we make into a powder, which we use for dessert. Basically everything, the zaatar and the blueberry, are used 100 per cent with the powder and granita," De Garza says. -

Not only does he cook sustainably, De Garza works closely with farmers as an advocate for sourcing ingredients locally and to make use crops that would otherwise go to waste.
“The planned hybrid greenhouse project is another critical step in this region’s efforts to safeguard our communities against threats to climate and food security,” Mr Kurtz said.
“We hope that this project pushes the boundaries of the agri-tech industry, so that we may provide the Singaporean people with the benefits that innovative controlled-environment agriculture solutions can bring.”
Singapore, which has a population of about 5.5 million, is a regional economic centre but lacks natural resources needed to produce food compared with its Asian neighbours.
More than 90 per cent of the country's food is imported from 180 countries and only 1 per cent of the country's land is set aside for agricultural use, SFA data shows.
The “30 by 30" initiative, which was launched in 2019, aims to boost Singapore's agri-food industry, helping it produce 30 per cent of the nation's nutritional needs locally and sustainably by 2030.
The project has also spurred the growth of local farms, which increased by about 18 per cent to 260 in 2021, from 221 in 2019, the SFA said.
The partnership between Pure Harvest and the SFA will also contribute to creating jobs in the AgTech sector, Mr Lim said.
“The partnership in key areas of R&D creates exciting potential career opportunities. This will support us in our push towards strengthening Singapore’s overall food security in a productive, climate-resilient and sustainable manner,” he said.
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Watch: the future of Middle East food security — Business Extra
The hybrid farm will use advanced controlled-environment production systems, which will allow year-round production, even in tropical equatorial climates, Pure Harvest said.
Learning how to operate in harsh climates — particularly in the Middle East, the countries of which also have robust food security programmes — has allowed Pure Harvest to share its expertise to other parts of the world, the company said.
“While the arid deserts of the Arab Gulf and the lush greenery of South-east Asia may seem a world apart, this region has no less a need for a sustainable means to provide consistent, high-quality, sustainably-farmed fresh produce all year round,” Mr Kurtz said.
In June, Pure Harvest raised $181 million in a new funding round as it aims to expand further into the GCC and Asia. That brought the AgTech company's total funding to $387.1m, making it among the most-funded start-ups in the region.
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
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
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.”
On the menu
First course
▶ Emirati sea bass tartare Yuzu and labneh mayo, avocado, green herbs, fermented tomato water
▶ The Tale of the Oyster Oyster tartare, Bahraini gum berry pickle
Second course
▶ Local mackerel Sourdough crouton, baharat oil, red radish, zaatar mayo
▶ One Flew Over the Cuckoo’s Nest Quail, smoked freekeh, cinnamon cocoa
Third course
▶ Bahraini bouillabaisse Venus clams, local prawns, fishfarm seabream, farro
▶ Lamb 2 ways Braised lamb, crispy lamb chop, bulgur, physalis
Dessert
▶ Lumi Black lemon ice cream, pistachio, pomegranate
▶ Black chocolate bar Dark chocolate, dates, caramel, camel milk ice cream
Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)
Also on December 7 to 9, the third edition of the Gulf Car Festival (www.gulfcarfestival.com) will take over Dubai Festival City Mall, a new venue for the event. Last year's festival brought together about 900 cars worth more than Dh300 million from across the Emirates and wider Gulf region – and that first figure is set to swell by several hundred this time around, with between 1,000 and 1,200 cars expected. The first day is themed around American muscle; the second centres on supercars, exotics, European cars and classics; and the final day will major in JDM (Japanese domestic market) cars, tuned vehicles and trucks. Individuals and car clubs can register their vehicles, although the festival isn’t all static displays, with stunt drifting, a rev battle, car pulls and a burnout competition.
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SM Town Live is on Friday, April 6 at Autism Rocks Arena, Dubai. Tickets are Dh375 at www.platinumlist.net
Specs
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Company%20profile
While you're here
Con Coughlin: To survive, Nato must renew its sense of common purpose
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Simon Waldman: Nato continues to be Ankara’s best security guarantor
While you're here
Breast cancer in men: the facts
1) Breast cancer is men is rare but can develop rapidly. It usually occurs in those over the ages of 60, but can occasionally affect younger men.
2) Symptoms can include a lump, discharge, swollen glands or a rash.
3) People with a history of cancer in the family can be more susceptible.
4) Treatments include surgery and chemotherapy but early diagnosis is the key.
5) Anyone concerned is urged to contact their doctor
Why%20all%20the%20lefties%3F
UAE v Ireland
1st ODI, UAE win by 6 wickets
2nd ODI, January 12
3rd ODI, January 14
4th ODI, January 16
Profile box
Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India
TECH%20SPECS%3A%20APPLE%20IPHONE%2014%20PLUS
Getting%20there%20and%20where%20to%20stay
MATCH INFO
Uefa Champions League last-16, second leg:
Real Madrid 1 (Asensio 70'), Ajax 4 (Ziyech 7', Neres 18', Tadic 62', Schone 72')
Ajax win 5-3 on aggregate
Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
While you're here
Mustafa Alrawi: To get the 'jab' done, there must be patience and empathy
Damien McElroy: Anti-science attitudes in America are proving lethal
Editorial: What makes the UAE such a good place to test vaccines?
Editorial: The fight against Covid-19 should be guided by science


