Sobering food documentaries such as Netflix’s Rotten point to an Armageddon of our global food supply, crippled by climate change, crime and corruption. But academics, entrepreneurs and policymakers from the agritech and food sectors, who attended In the Future, What will we Eat, an online food summit hosted by the UK Pavilion at Expo 2020 Dubai on Thursday, made room for optimism.
Our “farm-to-fork menus” can look the same in 2050, they said, if we’re willing to adapt our consumer behaviour.
One meaty paradox lay at the heart of discussions: how do we feed the world without destroying the planet?
The problem of food waste
The global food sector is under pressure to produce more in the next 50 years than it did in the past 500, to nourish a projected global population of 11 billion by 2050.
Perhaps the most unpalatable injustice highlighted by the summit was that more than twice the amount of food is being produced to feed the entire world’s population, while 870 million people go hungry, pointing to the crux of the sustainability issue: food waste.
A United Nations report stated that 931 million tonnes of food was wasted in 2019 at the consumer level, that is waste attributed to individual households.
The solutions
Waste not …
An obvious solution is that, when it comes to waste reduction, we, as laypeople, are huge players. “Saving waste is a trillion-dollar opportunity,” said Ignacio Ramirez, operations manager at Winnow Solutions Mena. “Every dollar saved on waste equates to fourteen dollars saved on investment. Becoming more sustainable does not cost more, it’s simply better for everyone.”
Mining data
All 25 speakers at the UK Pavilion summit agreed the future of sustainable food production will rely largely on data collection and in translating that information to empower those on the ground. John McElhone, co-founder of agritech company CropSafe, said that a mere 1 per cent increase in food production by the 500 million farms globally would feed millions more.
“We’ve gone from horse-drawn carts to self-driven tractors in 100 years. Technology means farmers don’t need to walk the land to identify issues. That information can be collected in less than one second using satellites, probes, drones and digital cameras.”
And empowered by intelligent data analysis, farmers of the future will become “green magicians”, said Dr Stephen Christie, chairman and chief executive of data science and machine learning company Agxio.
Yet another agritech start-up is replacing big tractors with small robots. Ben Scott-Robinson of the Small Robot Company said that two crops produce 70 per cent of what we eat: wheat and maize. “Most UK farms aren’t profitable today without subsidies. Yields have flatlined as [mechanised] systems are inefficient.”
Smart plants
A change-maker in Dubai is the non-profit agricultural research centre ICBA, where drones and research have been used since 1999 to solve the problem of soil and water salinity in harsh environments across the Middle East and North Africa. Research since 2022 on the humble date palm has shown that crop yield and taste can be improved using saline water irrigation.
Visitors to Expo 2020 Dubai can see this process in action at The Desert Farm where “smart” plants such as Salicornia (sea beans) and quinoa are shown to thrive on saltwater, and scientists work on turning deserts into farmland for grazing animals and to curb deforestation.
A partner of Madar Farms in Abu Dhabi, IGS, or Intelligent Growth Solutions, has been identified by The Economist as one of the 15 innovative technologies that will save the planet. Producing energy-efficient, zero-emission vertical farms, chief executive David Farquhar said one IGS tower is 1,000 times more efficient at producing crops than one field. “Our indoor towers require no humans, no hydrocarbons, produce no emissions and result in massive water savings.”
The panel also identified seaweed as an alternative fast-growing “wonder crop” as it improves biodiversity and absorbs C02 more quickly than trees.
Phones to the rescue
Seasonality and locality will define a more sustainable approach across hospitality and retail sectors, said Ibrahim Al-Zubi, chief sustainability officer of Dubai-based Majid Al Futtaim Holdings, which operates Carrefour stores in 37 countries. And, he said, as 60 per cent of the UAE’s population is under the age 30, smartphones are the key to progress.
As an example, the food and drink app Too Good to Go, was co-founded by Jamie Crummie with the vision of creating a zero-waste planet. Connecting customers with restaurants and stores to rescue “surprise bags” of fresh, unsold food, the app is working closely with retailers Starbucks and Costa Coffee, as well as 120,000 businesses and 50 million consumers globally, to drive policy solutions that will inspire behavioural change.
While myriad data-driven solutions were outlined during the four-hour panel, there was one surprising omission.
“Veganism is not the solution to the world’s food crisis,” said Chris Elliott, professor of food safety and founder of the Institute for Global Food Security at Queen’s University Belfast. “There are more ex-vegans than vegans on the planet, because many tried it and didn’t like it. The answer does not lie in plant-based versus animal foods, but rather in alternative environmentally friendly options, innovation, improved soil fertility and better transparency.”
Five expert hiking tips
- Always check the weather forecast before setting off
- Make sure you have plenty of water
- Set off early to avoid sudden weather changes in the afternoon
- Wear appropriate clothing and footwear
- Take your litter home with you
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
Torbal Rayeh Wa Jayeh
Starring: Ali El Ghoureir, Khalil El Roumeithy, Mostafa Abo Seria
Stars: 3
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
DEADPOOL & WOLVERINE
Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin
Director: Shawn Levy
Rating: 3/5
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
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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The specs
Engine: 1.5-litre 4-cyl turbo
Power: 194hp at 5,600rpm
Torque: 275Nm from 2,000-4,000rpm
Transmission: 6-speed auto
Price: from Dh155,000
On sale: now
The essentials
What: Emirates Airline Festival of Literature
When: Friday until March 9
Where: All main sessions are held in the InterContinental Dubai Festival City
Price: Sessions range from free entry to Dh125 tickets, with the exception of special events.
Hot Tip: If waiting for your book to be signed looks like it will be timeconsuming, ask the festival’s bookstore if they have pre-signed copies of the book you’re looking for. They should have a bunch from some of the festival’s biggest guest authors.
Information: www.emirateslitfest.com
More on Quran memorisation:
Tickets
Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.
RESULT
Los Angeles Galaxy 2 Manchester United 5
Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
MATCH INFO
Tottenham Hotspur 3 (Son 1', Kane 8' & 16') West Ham United 3 (Balbuena 82', Sanchez og 85', Lanzini 90' 4)
Man of the match Harry Kane
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
Key 2013/14 UAE Motorsport dates
October 4: Round One of Rotax Max Challenge, Al Ain (karting)
October 1: 1 Round One of the inaugural UAE Desert Championship (rally)
November 1-3: Abu Dhabi Grand Prix (Formula One)
November 28-30: Dubai International Rally
January 9-11: 24Hrs of Dubai (Touring Cars / Endurance)
March 21: Round 11 of Rotax Max Challenge, Muscat, Oman (karting)
April 4-10: Abu Dhabi Desert Challenge (Endurance)
The specs: Lamborghini Aventador SVJ
Price, base: Dh1,731,672
Engine: 6.5-litre V12
Gearbox: Seven-speed automatic
Power: 770hp @ 8,500rpm
Torque: 720Nm @ 6,750rpm
Fuel economy: 19.6L / 100km
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
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
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
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Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately