ABU DHABI // A new generation of military threats, improved aviation safety and drones to aid disaster relief efforts are on the agenda at the Abu Dhabi National Exhibition Centre.
Experts at Monday’s Global Aerospace Summit 2016 will discuss how technology can be used to more efficiently tackle the increasing number of security challenges facing the region.
“It’s no secret that we, as a global community, face security challenges of unprecedented complexity and scope,” said Matthew Cochran, chairman of Defence Services Marketing Council in Abu Dhabi. The aerospace industry is a world leader in meeting these threats.”
The UAE is a hub for space and aerospace technology, with major players such as Yahsat providing the government, military, civil and commercial sectors.
“Meeting the challenges of today will lay the groundwork for a magnificent tomorrow,” Mr Cochran said. “This is exactly what the world needs right now. Building game-changing technologies requires the concerted effort of teams of exceptional individuals, each instilled with specialised knowledge and a unique curiosity. Fundamentally, that is the most valuable component of the summit.”
Last year, the UAE Space Agency announced it had invested more than Dh18 billion in its programmes, which the Government identified as a sector for development. “In a short period of time, the UAE has built a space sector which is providing huge opportunities for economic development and diversification and this has only been achieved through collaboration and knowledge transfer,” said Dr Mohammed Al Ahbabi, the agency’s director general.
“The outcomes we can expect [from the summit] include building new business relationships and strengthening existing ones while exploring the possibilities of cooperation in the fascinating field of space science.”
He said the summit would be an opportunity to look ahead.
“It gives us the chance to propose solutions to common challenges and only by getting together and discussing these issues can they be solved,” he said.
“The summit is a chance to forge partnerships, learn lessons and raise the profile of Abu Dhabi and the UAE as a destination and as a vibrant centre for business growth and development.”
Aviation will hold a vital place at the conference as unmanned aerial vehicles (UAVs), which are commonly known as drones, are increasingly being used commercially in environmental and fishery operations, disaster response and firefighting.
“They have a huge recreational use,” said Hussein Dabbas, regional vice president Africa and the Middle East at the International Air Transport Association (IATA).
“The UAV industry is expanding at a fast rate but it will take time before we have unmanned commercial aircraft.
“In the meantime, a lot of standards governing the introduction of such technology is being worked on within the International Civil Aviation Organisation, which remains the umbrella for global standards.”
IATA is launching an awareness campaign to educate regulators and the public about the safety risks associated with the operation of recreational drones and the irresponsible use of UAVs. “The summit provides the opportunity to discuss the integration of developing technologies such as UAVs in the wider aviation landscape,” he said.
“As the region’s aviation powerhouse, the UAE provides the perfect platform for discussions on topics that are both relevant to the industry today and will be relevant into the future.”
cmalek@thenational.ae
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
Mohammed bin Zayed Majlis
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
A cheaper choice
Vanuatu: $130,000
Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.
Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.
Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.
Benefits: No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
TEACHERS' PAY - WHAT YOU NEED TO KNOW
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
WandaVision
Starring: Elizabeth Olsen, Paul Bettany
Directed by: Matt Shakman
Rating: Four stars
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5