AI is an important economic and social game changer, says Dr Sultan Al Jaber


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It is estimated that artificial intelligence will add nearly $16 trillion to the global economy by 2030, according to the World Economic Forum. The UAE, which already plays a significant role in AI adoption, is well placed to tap into this opportunity. The technology is expected to contribute up to 14 per cent to the country’s gross domestic product — equivalent to $97.9bn — by 2030, according to consultancy PricewaterhouseCoopers.

Mohamed bin Zayed University of Artificial Intelligence — a university dedicated solely to AI — is set to play a vital role in adding impetus to this growth. The institution is contributing to the UAE’s national strategy for AI, which is designed to position the country as a leader in this category by 2031.

Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and chairman of MBZUAI's Board of Trustees, touches upon how the university, the UAE's industry, innovation in the energy sector and sustainability agenda are poised to shape the country’s future, while making it the global leader in innovation.

He highlights the vision of President Sheikh Mohamed, which prioritises strengthening people’s capabilities in science and technology, to benefit all economic areas and society as a whole.

Q&A:

Why is a university entirely dedicated to AI important to have?

In 2017, the UAE set out an ambitious National Strategy for Artificial Intelligence. This strategy details the country’s goals to become one of the leading nations in AI by 2031 in alignment with the UAE Centennial 2071. MBZUAI will play an important role in realising that vision by helping to create new economic, educational and social opportunities for citizens, government entities and businesses in an ecosystem where innovation thrives.

Today, more governments and companies are using artificial intelligence in their digital transformation to make their operations smoother, faster and more efficient. Digitisation is critical to the success of AI implementation, with both building on the other to deliver unique insights, through the algorithmic analysis of digital data sets, enabling new capabilities and services such as forecasting trends, or identifying efficiency improvements.

I believe that AI is one of the most important economic and social game changers of our era and is expected to make organisations leaner, more efficient, more profitable, more agile, and more capable of surviving market shocks, changes and fluctuations.

To best capitalise on the advantage presented by AI, we need highly qualified professionals in AI disciplines such as computer vision, machine learning, natural language processing, and robotics — and competition for talent with these skills is high, globally.

We heard in the address from His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, that we must strengthen people’s capabilities in science and technology, to benefit all economic areas and society as a whole. In line with this vision about the importance of nurturing these skill sets in the UAE and beyond, MBZUAI has set ambitious targets.

The university will deliver critical contributions to research and education, and act as a thought leader to help the UAE anticipate and take advantage of the new technologies now and in the future. Thus far, the university has attracted a top research faculty, 58 per cent of whom hail from the world’s top 100 AI institutions. These talented faculty members are focusing on shaping the next generation of talent from the UAE and across the globe, to realise their full potential as leaders in AI.

Currently, the University has 133 students enrolled from 37 nationalities, reflecting the cosmopolitan diversity of the UAE. The university’s first cohort of students will graduate this coming December.

In addition to the necessity of top faculty and students though, there is also a real need to foster innovation. The university acts, not only as a talent developer, but also as an innovation hub and think tank for the nation in AI. When we look at global examples, we see that vibrant business communities come from large national investments in people, businesses and in the kinds of research that is the basis for innovation and entrepreneurship. Universities foster all these things, so a graduate AI research university was the ideal fit.

In which sectors do you believe AI can add the most value?

The UAE is focused on leveraging physical and digital AI assets across two primary areas: industry assets and emerging sectors, as well as smart government.

In the first sector, there are major AI opportunities that can add value across several sectors — resources and energy, logistics and transport, tourism and hospitality, health care, and cybersecurity. In the energy sector, for example, we are embedding advanced technologies across our entire value chain to maximise asset efficiency and enhance performance. In the oil and gas sector, Adnoc AI-enabled platform Thamama has already generated $1.1bn in business value since its inception in 2017 by leveraging advanced technology, digitalisation, and AI.

In fact, Adnoc is leading the industry in deploying cutting-edge technologies, including AI, big data, blockchain and digitalisation.

Our state-of-the-art Panorama Digital Command Centre is one of the largest predictive platforms in the world. The world-leading facility aggregates real-time information across Adnoc’s Group companies, using smart analytics, to display 250,000 real-time data points from all operational sites, providing employees with a complete integration of data between onshore and offshore facilities. Since its inception in 2017, Panorama has generated more than $1bn in business value.

Adnoc has also created AIQ in a joint venture partnership with G42, to develop AI-enabled technologies to optimise value chains, assist predictive maintenance, and implement blockchain-based hydrocarbon accounting.

By prioritising productivity, predictability and greater protection for people and the environment, AI is changing how we do business on a daily basis.

In line with the vision of our leadership that prioritises skills and talent development, MBZUAI is proud to encourage and support experiential learning through the provision of internships for diverse talents studying within the UAE and abroad. Through practical application and skills development, we provide our interns with valuable learning and career development opportunities.

Moreover, AI is already being applied in nationally significant initiatives such as the Emirati Genome Program, which uses AI-based tools to extract and interpret large amounts of complex data resulting from DNA sequencing.

In the smart government domain, the UAE public sector is already a leader in smart public service delivery and is taking steps to apply AI in innovative ways across government. This includes dynamically adjusting transport timetables to respond to incidents, using AI sensors for smart traffic, deploying facial recognition to monitor driver fatigue, and introducing chatbots to improve customer service.

Can you give concrete examples of how the university has made a difference?

Thus far, MBZUAI has established a number of partnerships for AI research and development with organisations like the Abu Dhabi Digital Authority, the Technology Innovation Institute, the Weizmann Institute of Science and more.

The university recently developed a partnership with tech major IBM to host a Centre of Excellence for AI research and development. The centre will bring students and faculty together with IBM researchers to develop natural language processing tools in Arabic, as well as AI applications that address challenges in climate and health care.

In health care in particular, MBZUAI has joined forces with the Abu Dhabi Health Services Company, Seha, to save lives through the development of algorithms that predict heart attacks.

And MBZUAI students are working to improve the diagnosis and treatment of cancer as well as screening for autism spectrum disorders in children. Students are also using AI to design safety solutions for the transport sector — several students were recognised by the Dubai Roads and Transport Authority, for example.

So, it happens at all levels. MBZUAI is helping government partners implement AI, attracting global partnerships and expertise, and working to develop the kinds of talented workers we will need for decades to come. Truly, this university is an open invitation to the world to collaborate on AI, and to put the power of technology to work to increase prosperity, and to make people’s lives better.

How is the success of a graduate university measured?

In addition to doing great research, success can be exemplified in the calibre of talent we are attracting. In just a short, two-year time span since the university was founded, MBZUAI has been ranked 127th globally among institutions that conduct research in computer science including AI, systems, theory and "interdisciplinary" areas such as robotics, computer graphics, visualisation and more. The ranking places MBZUAI alongside institutions such as Notre Dame, the University of Liverpool, the Weizmann Institute of Science, Osaka University and other prestigious schools.

In the areas that MBZUAI currently focuses on — artificial intelligence, computer vision, machine learning, and natural language processing — MBZUAI ranks 30th globally ahead of several renowned research universities worldwide such as the University of Michigan, Georgia Tech, and the University of Toronto in North America; Imperial College London, EPFL, Max Planck Society in Europe; and the University of Tokyo, Seoul National University and the University of Sydney in Asia Pacific. MBZUAI is now the top-ranked CS institution in the Arab world, and in the Middle East and Africa.

How do you ensure that you don’t encounter resistance to change from all market players?

Ultimately, we aim to support private and public sector actors in realigning their priorities. We work with them to highlight the advantages and the benefits that this change will drive in tech, in automation and in forecasting.

One of the ways we are approaching this is by arming private and public sector leaders, decision makers and strategists with a deeper understanding of how AI technologies can foster future success. MBZUAI is offering high-level training through its Executive Programme that brings leaders together and starts a dialogue between sector leaders looking to increase their competitiveness with AI technologies, with automation, with robotics and more.

It is also important to note that the UAE is already globally competitive in a number of key areas. When it comes to the proportion of university graduates who study Stem subjects, for example, this is one metric in which we compare favourably to the US — 22 per cent in the UAE compared to 16 per cent in the US.

Our young UAE graduates already have the foundational skills relevant to AI such as computer science, programming literacy and statistical analysis, and so can be rapidly upskilled to become AI-ready. Emiratis already make up 13 per cent of students at MBZUAI, and there are further opportunities to develop the pipeline of UAE talent at the university.

The university collaborates with various industrial partners to ensure students have internship opportunities while they are studying and to secure employment to keep them in the country following graduation. This is a big opportunity to tap into top pools of global talent — these are bright young people that will create start-ups, that will lead some of our institutions, and they will help create the right environment for home-grown talent to thrive as well.

You’ve made a strong case for talent development and innovation, but how does fundamental research benefit the country?

I think fundamental research is a more long-term investment. In line with the vision of our leadership, we are working towards reinforcing the R&D culture. Our AI strategy is aimed at 2031; our national plans are mainly focused on 2050. And our Centennial Project is looking to 2071. So, we are accustomed to planning for the long term.

Fundamental research is a way for us to lead and excel, now and in the future, especially in the kinds of sectors that are important for the UAE, such as developing our youth, fostering entrepreneurship and sustainability.

Fundamental research is about the Research Methodology Paths — it supports our young people to solve big problems, to do it in a data-driven way, and to do it collaboratively.

There is a famous saying that the best time to plant a tree was yesterday. We have a legacy of doing just that as a nation, and that’s why we are confident in making long-term investments like the one we’ve made in forming MBZUAI.

We need to make great efforts in the foundational and early stages, and I am confident that MBZUAI will be in an excellent position globally within the next 20 or 30 years. And I think the world is already beginning to sit up and take notice.

What is the key to success for UAE industry in the decades to come?

Thanks to the vision of our leadership, we have a robust plan for how UAE industry can lead and an important element of that is artificial intelligence.

AI is expected to add nearly $16 trillion in value to the global economy. The UAE made AI a strategic national priority with the National Strategy for Artificial Intelligence 2031 and the appointment of the world’s first Minister of State for AI. The very existence of the Ministry of Industry and Advanced Technology, which oversees expanding the effect that advanced technologies, AI included, have on industrial growth, resilience, and the competitiveness of the national products, is a testament to the current climate and priorities here.

As we have seen in the UAE, success is about setting out a bold and ambitious strategic vision and then really achieving that through doubling our efforts, investments and our initiatives.

MBZUAI is one such investment that aims to contribute significantly to the knowledge and support the industrial sector’s growth, that will cultivate a generation of AI experts for the local market, spur the growth of a start-up ecosystem, and attract global innovators to base their operations in the country.

HH Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, said it best during the university’s founding: MBZUAI “echoes the UAE’s pioneering spirit and paves the way towards a new era of innovation and technological advancement that will benefit the UAE and the world”.

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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
ESSENTIALS

The flights

Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes. 

The trip

From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.

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Spare

Profile

Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

Investment: Own savings. Going for first round of fund-raising in March 2019

Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi

Yadoo’s House Restaurant & Cafe

For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.

Golden Dallah

For the cappuccino, luqaimat and aseeda.

Al Mrzab Restaurant

For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.

Al Derwaza

For the fish hubul, regag bread, biryani and special seafood soup. 

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BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

UAE rugby in numbers

5 - Year sponsorship deal between Hesco and Jebel Ali Dragons

700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams

Dh1.8m - Dubai Hurricanes' overall budget for next season

Dh2.8m - Dubai Exiles’ overall budget for next season

Heavily-sugared soft drinks slip through the tax net

Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.

Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.

A 680ml can of Arizona Iced Tea costs just Dh6.

Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.

Green ambitions
  • Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
  • Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
  • Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
  • Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water 

Arctic Monkeys

Tranquillity Base Hotel Casino (Domino) 

 

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.”

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MATCH INFO

Uefa Champions League semi-final:

First leg: Liverpool 5 Roma 2

Second leg: Wednesday, May 2, Stadio Olimpico, Rome

TV: BeIN Sports, 10.45pm (UAE)

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Strait of Hormuz

Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.

The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.

Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.

Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.

UAE cricketers abroad

Sid Jhurani is not the first cricketer from the UAE to go to the UK to try his luck.

Rameez Shahzad Played alongside Ben Stokes and Liam Plunkett in Durham while he was studying there. He also played club cricket as an overseas professional, but his time in the UK stunted his UAE career. The batsman went a decade without playing for the national team.

Yodhin Punja The seam bowler was named in the UAE’s extended World Cup squad in 2015 despite being just 15 at the time. He made his senior UAE debut aged 16, and subsequently took up a scholarship at Claremont High School in the south of England.

THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
COMPANY%20PROFILE
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General%20Classification
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65
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The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

RESULTS

Bantamweight title:
Vinicius de Oliveira (BRA) bt Xavier Alaoui (MAR)
(KO round 2)
Catchweight 68kg:
Sean Soriano (USA) bt Noad Lahat (ISR)
(TKO round 1)
Middleweight:
Denis Tiuliulin (RUS) bt Juscelino Ferreira (BRA)
(TKO round 1)
Lightweight:
Anas Siraj Mounir (MAR) bt Joachim Tollefsen (DEN)
(Unanimous decision)
Catchweight 68kg:
Austin Arnett (USA) bt Daniel Vega (MEX)
(TKO round 3)
Lightweight:
Carrington Banks (USA) bt Marcio Andrade (BRA)
(Unanimous decision)
Catchweight 58kg:
Corinne Laframboise (CAN) bt Malin Hermansson (SWE)
(Submission round 2)
Bantamweight:
Jalal Al Daaja (CAN) bt Juares Dea (CMR)
(Split decision)
Middleweight:
Mohamad Osseili (LEB) bt Ivan Slynko (UKR)
(TKO round 1)
Featherweight:
Tarun Grigoryan (ARM) bt Islam Makhamadjanov (UZB)
(Unanimous decision)
Catchweight 54kg:
Mariagiovanna Vai (ITA) bt Daniella Shutov (ISR)
(Submission round 1)
Middleweight:
Joan Arastey (ESP) bt Omran Chaaban (LEB)
(Unanimous decision)
Welterweight:
Bruno Carvalho (POR) bt Souhil Tahiri (ALG)
(TKO)

MEYDAN RESULTS

6.30pm Baniyas (PA) Group 2 Dh125,000 (Dirt) 1,400m

Winner ES Ajeeb, Sam Hitchcock (jockey), Ibrahim Aseel (trainer).          

7.05pm Maiden (TB) Dh165,000 (D) 1,200m

Winner  Galaxy Road, Antonio Fresu, Musabah Al Muhairi.

7.40pm Maiden (TB) Dh165,000 (D) 1,400m

Winner  Al Modayar, Fernando Jara, Ali Rashid Al Raihe.

8.15pm Handicap (TB) Dh170,000 (D) 1,900m

Winner  Gundogdu, Xavier Ziani, Salem bin Ghadayer.

8.50pm Rated Conditions (TB) Dh240,000 (D) 1,600m

Winner George Villiers, Tadhg O’Shea, Satish Seemar.

9.25pm Handicap (TB) Dh175,000 (D)1,200m

Winner  Lady Parma, Connor Beasley, Satish Seemar

10pm Handicap (TB) Dh165,000 (D) 1,400m

Winner Zaajer, Fernando Jara, Ali Rashid Al Raihe

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

SPECS
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BABYLON
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Who has been sanctioned?

Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.

Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.

Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.

UAE currency: the story behind the money in your pockets
Updated: August 08, 2022, 11:24 AM