With Africa’s increasing youth population projected to double by 2050, young people will take centre stage on Tuesday at a UN forum addressing global coexistence in the northern city of Fez, Morocco.
The annual Global Forum of the UN Alliance of Civilisation is expected to serve as a platform for young people to share their views and offer their input to international decision makers.
According to the World Economic Forum, more than 60 per cent of Africa’s population is aged under 25.
Morocco's King Mohammed VI wants to support young people in establishing careers, a representative of the kingdom told The National.
“The King is highly supportive of the self-starting youth and wants to help them finance their entrepreneurial projects. He would like to provide them with professional training and qualifications so they become employable,” the official said.
This is the first time the event will be held in Africa, described by Morocco’s Foreign Minister Nasser Bourita in October as “a continent that has not yet gained its rightful place when it comes to collective action and global mobilisation”.
The UN Alliance of Civilisation was created immediately after the September 11 2001 attacks as the political initiative of former UN secretary general Kofi Annan to think of civilisations as categories of international diplomacy and to focus on culture within civilisations as a potential source of conflict and peace.
The growing international need for co-operation and dialogue was in the spotlight at the Cop27 climate conference in Sharm El Sheikh, Egypt, which ended on Sunday.
“The need to save the planet is often mentioned, but we are also required to learn to live together, to respect each other, and to understand the existence of different religions, cultures, and civilisations,” said Miguel Moratinos, UN high representative for the Alliance of Civilisations.
Mr. Moratinos said the city of Fez was chosen to host the forum because of its ancestral character and spiritual symbolism.
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
Test squad: Azhar Ali (captain), Abid Ali, Asad Shafiq, Babar Azam, Haris Sohail, Imam-ul-Haq, Imran Khan, Iftikhar Ahmed, Kashif Bhatti, Mohammad Abbas, Mohammad Rizwan(wicketkeeper), Musa Khan, Naseem Shah, Shaheen Afridi, Shan Masood, Yasir Shah
Twenty20 squad: Babar Azam (captain), Asif Ali, Fakhar Zaman, Haris Sohail, Iftikhar Ahmed, Imad Wasim, Imam-ul-Haq, Khushdil Shah, Mohammad Amir, Mohammad Hasnain, Mohammad Irfan, Mohammad Rizwan (wicketkeeper), Musa Khan, Shadab Khan, Usman Qadir, Wahab Riaz
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
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COMPANY%20PROFILE
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