UAE minister Omar Al Olama speaks during a session on AI's role in the global economy, at the IMF and World Bank Spring Meetings in Washington. AFP
UAE minister Omar Al Olama speaks during a session on AI's role in the global economy, at the IMF and World Bank Spring Meetings in Washington. AFP
UAE minister Omar Al Olama speaks during a session on AI's role in the global economy, at the IMF and World Bank Spring Meetings in Washington. AFP
UAE minister Omar Al Olama speaks during a session on AI's role in the global economy, at the IMF and World Bank Spring Meetings in Washington. AFP

AI could help ease climate risks but human ingenuity needed, UAE's Al Olama says


Kyle Fitzgerald
  • English
  • Arabic

Omar Al Olama, the UAE Minister of State for AI, Digital Economy and Remote Work Applications, has said AI could help ease some risks of climate change but human ingenuity is needed to fix the problem.

Mr Al Olama was speaking online during a debate panel at the 2024 Spring Meetings in Washington on AI and the global economy, days after the UAE was inundated by torrential rainfall.

The Emirates this week experienced its heaviest rainfall on record, with some areas receiving more than 250mm of rain in 24 hours.

But Mr Al Olama said the downpour was a “climate anomaly”.

“As a country, there is very little you can do to prepare for this,” he said.

Mr Al Olama said AI can help to mitigate some of the risks of climate change, but “we need human ingenuity” and “resilience and agility” to tackle it.

  • Floodwater in Mussaffah Industrial City, Abu Dhabi. Victor Besa / The National
    Floodwater in Mussaffah Industrial City, Abu Dhabi. Victor Besa / The National
  • A lorry navigates a flooded section of Al Qudra Road after heavy rain in Dubai. Chris Whiteoak / The National
    A lorry navigates a flooded section of Al Qudra Road after heavy rain in Dubai. Chris Whiteoak / The National
  • Vehicles brave flooded Al Qudra Road in Dubai. Chris Whiteoak / The National
    Vehicles brave flooded Al Qudra Road in Dubai. Chris Whiteoak / The National
  • Gridlock ensues on flooded Al Qudra Road in Dubai. Chris Whiteoak / The National
    Gridlock ensues on flooded Al Qudra Road in Dubai. Chris Whiteoak / The National
  • Caution was urged by police following the heavy rain in Dubai that caused flooding on several roads. Chris Whiteoak / The National
    Caution was urged by police following the heavy rain in Dubai that caused flooding on several roads. Chris Whiteoak / The National
  • Floodwaters rise near a mosque in Khalifa City, Abu Dhabi. Victor Besa / The National
    Floodwaters rise near a mosque in Khalifa City, Abu Dhabi. Victor Besa / The National
  • Floodwater creeps between homes in Khalifa City, Abu Dhabi. Victor Besa / The National
    Floodwater creeps between homes in Khalifa City, Abu Dhabi. Victor Besa / The National
  • Stagnant floodwater in Khalifa City, Abu Dhabi. Victor Besa / The National
    Stagnant floodwater in Khalifa City, Abu Dhabi. Victor Besa / The National
  • Dubai Municipality has responded to floods caused by the heavy rain. Photo: Dubai Municipality
    Dubai Municipality has responded to floods caused by the heavy rain. Photo: Dubai Municipality
  • Dubai Municipality workers join the clean-up effort following bouts of heavy rain. Photo: Dubai Municipality
    Dubai Municipality workers join the clean-up effort following bouts of heavy rain. Photo: Dubai Municipality

During the session, Mr Al Olama also celebrated Microsoft's recent $1.5 billion in Abu Dhabi's AI and cloud company G42.

The announcement was the latest investment in the UAE as the country looks to become a global centre for artificial intelligence.

“We want to ensure that we are players that … have place on the table with US and bigger players as well," Mr Olama said.

He said that when he was appointed AI minister in 2017, the UAE believed embracing new technologies such as AI would be a critical part of diversifying its economy and becoming a technology exporter.

IMF managing director Kristalina Georgieva, also a panellist during the packed meeting hall, said AI could be used as a tool for productivity in what she sees as a worrying trend in weakening growth.

“These are issues that affect potentially macroeconomic and financial stability, growth and employment. So we cannot ignore that,” Ms Georgieva said.

The panel also discussed how to govern AI, as international governing bodies such as the European Parliament and US Congress consider bills on how to properly regulate the fast-developing technology.

The emergence of AI, while potentially supporting labour growth, has also brought about concerns over deepfakes, misinformation and job losses.

“In the UAE, we want to be in the frontier," Mr Al Olama said. "To be in the frontier you have to make investments today, but applying it is a completely different ball game.

“That would require a lot more understanding of technology and the problems.”

UAE%20FIXTURES
%3Cp%3EWednesday%2019%20April%20%E2%80%93%20UAE%20v%20Kuwait%3Cbr%3EFriday%2021%20April%20%E2%80%93%20UAE%20v%20Hong%20Kong%3Cbr%3ESunday%2023%20April%20%E2%80%93%20UAE%20v%20Singapore%3Cbr%3EWednesday%2026%20April%20%E2%80%93%20UAE%20v%20Bahrain%3Cbr%3ESaturday%2029%20April%20%E2%80%93%20Semi-finals%3Cbr%3ESunday%2030%20April%20%E2%80%93%20Third%20position%20match%3Cbr%3EMonday%201%20May%20%E2%80%93%20Final%3C%2Fp%3E%0A
THE%20SWIMMERS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ESally%20El-Hosaini%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ENathalie%20Issa%2C%20Manal%20Issa%2C%20Ahmed%20Malek%20and%20Ali%20Suliman%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A

Various Artists 
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
​​​​​​​

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Farasan Boat: 128km Away from Anchorage

Director: Mowaffaq Alobaid 

Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani

Rating: 4/5

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

UAE%20Warriors%2045%20Results
%3Cp%3E%3Cstrong%3E%0DMain%20Event%0D%3A%20Lightweight%20Title%3C%2Fstrong%3E%0D%3Cbr%3EAmru%20Magomedov%20def%20Jakhongir%20Jumaev%20-%20Round%201%20(submission)%0D%3Cbr%3E%3Cstrong%3ECo-Main%20Event%0D%3A%20Bantamweight%3C%2Fstrong%3E%0D%3Cbr%3ERany%20Saadeh%20def%20Genil%20Franciso%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3ECatchweight%20150%20lbs%3C%2Fstrong%3E%0D%3Cbr%3EWalter%20Cogliandro%20def%20Ali%20Al%20Qaisi%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3EBantamweight%3C%2Fstrong%3E%0D%3Cbr%3ERenat%20Khavalov%20def%20Hikaru%20Yoshino%20-%20Round%202%20(TKO)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3EVictor%20Nunes%20def%20Nawras%20Abzakh%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3EYamato%20Fujita%20def%20Sanzhar%20Adilov%20-%20Round%201%20(submission)%0D%3Cbr%3E%3Cstrong%3ELightweight%3C%2Fstrong%3E%0D%3Cbr%3EAbdullo%20Khodzhaev%20def%20Petru%20Buzdugen%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3ECatchweight%20139%20lbs%3C%2Fstrong%3E%0D%3Cbr%3ERazhabali%20Shaydullaev%20def%20Magomed%20Al-Abdullah%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3ECong%20Wang%20def%20Amena%20Hadaya%20-%20Points%20(unanimous%20decision)%0D%3Cbr%3E%3Cstrong%3EMiddleweight%3C%2Fstrong%3E%0D%3Cbr%3EKhabib%20Nabiev%20def%20Adis%20Taalaybek%20Uulu%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3ELight%20Heavyweight%3C%2Fstrong%3E%0D%3Cbr%3EBartosz%20Szewczyk%20def%20Artem%20Zemlyakov%20-%20Round%202%20(TKO)%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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BUNDESLIGA FIXTURES

Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

 

 

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

Army of the Dead

Director: Zack Snyder

Stars: Dave Bautista, Ella Purnell, Omari Hardwick, Ana de la Reguera

Three stars

Company%20Profile
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Updated: April 19, 2024, 12:05 PM