World Governments Summit: live updates
The World Governments Summit in Dubai opened on Tuesday with a speech by its chairman calling on humanity to learn from the mistakes of the past as a new technological age begins.
Over the next 25 years, Mohammed Al Gergawi, Minister of Cabinet Affairs said, artificial intelligence would move civilisation ahead faster than at any stage in history.
He also called on governments to keep pace with innovation and asked the richest nations to contribute more to eliminate poverty. “The past 25 years have been nothing short of extraordinary,” said Mr Al Gergawi.
“Marked by certain transformations and unprecedented shifts, the world in 2000 was optimistic, with globalisation seen as an unstoppable force for economic good and technological innovation. But the opposite has happened and we have given way to fragmentation, protectionism and populism.”
Growing population
The global population has increased from six billion in 2000 to 8.2 billion today, while the global economy has tripled to $33 trillion.
This century, the world went from domination by traditional industrial giants driven by oil, heavy manufacturing and financial services to one dominated by technology.
Conflict and natural disasters have cost millions of lives and displaced millions more.
Mr Al Gergawi said with only four per cent of conflicts resolved by peace agreements, it was time to look for alternatives to war through diplomacy.
“What if we had selected peace over violence and diplomatic solutions?” Mr Al Gergawi said in the summit’s opening address.
“A utopia – but we can make more wise decisions when we realise that stability and coexistence are much better than conflicts. It is said those who fail to learn from history are destined to repeat it.”
The minister said a disintegrating public trust in governments had led to a rise in populism, and he warned of further unrest.
“Since 2000, we have witnessed a decline and the level of trust in governments in many countries, and a rise of populist movements and protests around the world,” said Mr Al Gergawi.
“Studies suggest that eradicating hunger and disease would require approximately $800 billion annually. If the world's 50 largest economies allocated just one per cent of their GDP to solve these challenges, it would be more than enough – the decision is in our hands. Our future does not require miracles, only a commitment to our humanitarian values.”
Rapid rate of change
Discussion on the opening morning of the summit included how governments operate in an age of artificial intelligence, and how to innovate in a more connected world with an ageing population.
In 2050, more than 20 per cent of the world's population will be over the age of 60, double the percentage recorded in 2000.
While tackling the health challenges of an ageing population, governments will also have to keep pace with the rapid rate of change.
“We are now moving from the industrial age to the intelligent age, but there's one big difference,” said Klaus Schwab, chairman of the board of trustees at the World Economic Forum.
“Where we had several generations to adapt, this transition is happening at exponential speed. It's a transition to a new time, which will change everything - how we communicate, how we work and how we live.
“Governments have to be enablers of this change at lightning speech, to provide the necessary infrastructure and to co-operate with business. Transition into this new intelligent age will only be mastered if all human society works together.”
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
Score
Third Test, Day 2
New Zealand 274
Pakistan 139-3 (61 ov)
Pakistan trail by 135 runs with 7 wickets remaining in the innings
SPEC%20SHEET%3A%20APPLE%20IPAD%20PRO%20(12.9%22%2C%202022)
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
In numbers
1,000 tonnes of waste collected daily:
- 800 tonnes converted into alternative fuel
- 150 tonnes to landfill
- 50 tonnes sold as scrap metal
800 tonnes of RDF replaces 500 tonnes of coal
Two conveyor lines treat more than 350,000 tonnes of waste per year
25 staff on site
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UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE%20
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More coverage from the Future Forum
The specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
Torque: 849Nm
Range: 456km
Price: from Dh437,900
On sale: now
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
Hili 2: Unesco World Heritage site
The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.