Whatever their reputation, statistics are essential for businesses contemplating expansion plans, investors deciding where to put their money and governments weighing incentives to encourage development.
People need good information to make good decisions.
"When it comes to investing, it's critical to have as broad a range of statistics as possible to paint as complete a picture as possible from the bottom up," said Ali Khan, a director at Arqaam Capital in Dubai.
"It's one thing to get management guidance from companies but it helps build up a picture of an economy to have statistics about the labour force, house prices, inflation and myriad macro-data."
If all goes to plan, that picture should become clearer in the next few years.
The Dubai Statistics Centre (DSC) wants to double the number of statistics it collects in the coming years, while the Statistics Centre Abu Dhabi (SCAD) plans to put out hundreds of new reports by 2014. SCAD released its 2010 yearbook yesterday, containing a broader set of figures about the emirate's economy, population, society and workforce than ever before.
Those developments are part of a series of steps the DSC and SCAD are taking to address a dearth of statistics that has irked analysts and economists for years.
With few indicators to go by, apart from periodic releases of banking figures by the Central Bank and monthly inflation numbers from the Ministry of Economy, they had long complained that decisions were based more on educated guesswork than hard numbers.
"The statistics are meant to reflect the actual picture of the emirate," said Butti al Qubaisi, the director general of SCAD.
"The process is continuously evolving. We aim to have 629 indicators by 2014 and this year alone we compiled 325 indicators.
"Considering we began with 120 indicators, that is an achievement."
SCAD, led by Mr al Qubaisi and the director of statistics Abu Baker al Amoudi, hailed the yearbook as evidence of a "qualitative shift in terms of data coverage, accuracy and presentation" that would help private-sector companies make plans and aid the Government in reaching long-term goals outlined in the Abu Dhabi Vision 2030.
The yearbook includes numbers on Abu Dhabi's foreign trade, GDP, consumer prices, government finances and wages. It also reveals the number of businesses registered in the emirate and the make-up of the population.
Statistics on education, health, social welfare, crime and culture are also part of the report, which was compiled with the help of Peter Crossman, SCAD's assistant director general for technical affairs.
SCAD has made great strides since its founding two years ago, Mr Crossman said, and the plan now was to soldier on until regular releases of comprehensive economic and social data were the norm.
"SCAD is a very new agency and what the emirate is doing here is creating a situation where an official statistical agency of the emirate will be getting up to a very modern and high-quality standard in a very short time," he said. "An enormous amount of work has been done, an enormous amount of work is under way and I believe we will see increasingly high quality statistics being published routinely by this agency. But to go from a start-up situation to a high-quality modern statistical agency is a very worthy challenge."
It is a challenge many market participants are glad SCAD is taking on, Mark Twain's admonishments aside. "It's the kind of thing everyone's going to welcome," Mr Khan said.
afitch@thenational.ae
Second Test, Day 2:
South Africa 335 & 75/1 (22.0 ov)
England 205
South Africa lead by 205 runs with 9 wickets remaining
Fixture and table
UAE finals day: Friday, April 13 at Rugby Park, Dubai Sports City
- 3pm, UAE Conference: Dubai Tigers v Sharjah Wanderers
- 6.30pm, UAE Premiership: Dubai Exiles v Abu Dhabi Harlequins
UAE Premiership – final standings
- Dubai Exiles
- Abu Dhabi Harlequins
- Jebel Ali Dragons
- Dubai Hurricanes
- Dubai Sports City Eagles
- Abu Dhabi Saracens
The Gandhi Murder
- 71 - Years since the death of MK Gandhi, also christened India's Father of the Nation
- 34 - Nationalities featured in the film The Gandhi Murder
- 7 - million dollars, the film's budget
Asia Cup Qualifier
Final
UAE v Hong Kong
TV:
Live on OSN Cricket HD. Coverage starts at 5.30am
Four-day collections of TOH
Day Indian Rs (Dh)
Thursday 500.75 million (25.23m)
Friday 280.25m (14.12m)
Saturday 220.75m (11.21m)
Sunday 170.25m (8.58m)
Total 1.19bn (59.15m)
(Figures in millions, approximate)
The biog
Favourite Quote: “Real victories are those that protect human life, not those that result from its destruction emerge from its ashes,” by The late king Hussain of Jordan.
Favourite Hobby: Writing and cooking
Favourite Book: The Prophet by Gibran Khalil Gibran
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 7-speed dual-clutch auto
Fuel consumption: 10.5L/100km
On sale: Now
Price: From Dh129,999 (VX Luxury); from Dh149,999 (VX Black Gold)
EMIRATES'S REVISED A350 DEPLOYMENT SCHEDULE
Edinburgh: November 4 (unchanged)
Bahrain: November 15 (from September 15); second daily service from January 1
Kuwait: November 15 (from September 16)
Mumbai: January 1 (from October 27)
Ahmedabad: January 1 (from October 27)
Colombo: January 2 (from January 1)
Muscat: March 1 (from December 1)
Lyon: March 1 (from December 1)
Bologna: March 1 (from December 1)
Source: Emirates
The Boy and the Heron
Director: Hayao Miyazaki
Starring: Soma Santoki, Masaki Suda, Ko Shibasaki
Rating: 5/5
THE SPECS
Engine: 2.0-litre four-cylinder turbo
Transmission: eight-speed automatic
Power: 258hp at 5,000-6,500rpm
Torque: 400Nm from 1,550-4,400rpm
Fuel economy, combined: 6.4L/100km
Price, base: from D215,000 (Dh230,000 as tested)
On sale: now
MEDIEVIL (1998)
Developer: SCE Studio Cambridge
Publisher: Sony Computer Entertainment
Console: PlayStation, PlayStation 4 and 5
Rating: 3.5/5
SPEC SHEET: SAMSUNG GALAXY Z FLIP 4
Display: Main – 6.7" FHD Dynamic Amoled 2X, 2640 x 1080, 22:9, 425ppi, HDR10+, up to 120Hz; cover – 1.9" Super Amoled, 512 x 260, 302ppi
Processor: Qualcomm Snapdragon 8+ Gen 1, 4nm, octa-core; Adreno 730 GPU
Memory: 8GB
Capacity: 128/256/512GB
Platform: Android 12, One UI 4.1.1
Main camera: Dual 12MP ultra-wide (f/2.2) + 12MP wide (f/1.8), OIS, portrait, super slo-mo, hyperlapse
Video: 4K@30/60fps, full-HD@30/60fps, HD@30fps; slo-mo@240/960fps; HDR10+
Front camera: 10MP (f/2.4)
Battery: 3700mAh, 25W fast charging, 15W wireless charging, reverse wireless charging, 'all-day' life
Connectivity: 5G; Wi-Fi, Bluetooth 5.2, NFC (Samsung Pay)
I/O: USB-C
Cards: Nano-SIM + eSIM; no microSD slot
Colours: Bora purple, graphite, pink gold, blue; Bespoke Edition in select countries
In the box: Flip 4, USB-C-to-USB-C cable
Price: Dh3,799 / Dh3,999 / Dh4,449
Company profile
Date started: May 2022
Founder: Husam Aboul Hosn
Based: DIFC
Sector: FinTech — Innovation Hub
Employees: eight
Stage: pre-seed
Investors: pre-seed funding raised from family and friends earlier this year
TOUCH RULES
Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.
Teams can make as many substitutions as they want during the 40 minute matches.
Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.
A touch is any contact between the player with the ball and a defender, and must be with minimum force.
After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.
At the roll-ball, the defenders have to retreat a minimum of five metres.
A touchdown is scored when an attacking player places the ball on or over the score-line.
Emergency phone numbers in the UAE
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
RESULT
Manchester United 2 Tottenham Hotspur 1
Man United: Sanchez (24' ), Herrera (62')
Spurs: Alli (11')