Abu Dhabi has formally launched a dedicated cluster focused on health, endurance, longevity and medicine that is projected to create 30,000 new jobs by 2045.
Helm, standing for Health, Endurance, Longevity, and Medicine, is the new name for an economic cluster of life science facilities in Abu Dhabi's Masdar City, it was announced during Abu Dhabi Global Health Week.
Spearheaded by the Department of Health, the Department of Economic Development, and the Abu Dhabi Investment Office (Adio), the initiative brings together infrastructure, regulation and funding in the hope it can accelerate the development of drugs and vaccines. With the creation of jobs, it is also hoped it will contribute significantly to Abu Dhabi’s economic growth and diversification.
“Our niche is clear: we are focused on longevity, wellness, and better health outcomes. At its core, the cluster will enable advancements in genomic medicine, AI-powered diagnostics, and advanced therapies,” Fatma Al Mulla, the head of Helm at Abu Dhabi Investment Office, said. “What makes this cluster special is that we don’t work in isolation.“
Years of hard work pay off
Masdar’s life sciences cluster first began to take shape in 2020 during the Covid-19 pandemic, when much of the research and development for the Chinese Sars-CoV-2 vaccine was carried out on-site. This early momentum catalysed the arrival of other central players. The launch of Helm formalises that progress.
“All of us need each other. We’re not competing here; Masdar provides the physical infrastructure, Adio brings the incentives and funding, and the Department of Health offers regulatory guidance,” said Marwan Mohamed, assistant business development manager at Masdar City. “Together, we can bring a therapy, medical device, or drug from idea to patient.
Today, Masdar City’s life sciences cluster includes around 50 companies, among them InSilico Medicine, Hayat Therapeutics, Reparex Labs and Attentive Sciences. It is also home to major initiatives like M42 and the Emirati Genome Programme, which has sequenced nearly 900,000 Emiratis.
“The life sciences cluster is basically all the components needed to bring a drug from research all the way to market,” Mr Mohamed said. “That includes manufacturing, translational research, and the supply chain. Together, they make the full value chain.”
A more streamlined process
With the new agreement in place, the process of entering Abu Dhabi’s life sciences ecosystem is now more streamlined. “Let’s say a company lands at the airport. They talk to Adio for funding, then come to Masdar City for a free zone licence and lab space, and then to the Department of Health for regulatory approvals and clinical trial guidance,” Mr Mohamed said. “Now, that process will be much more cohesive.
“We’re going to see way more clinical trials, and far more therapies that don’t get stuck in what we call ‘the valley’ – the gap between scientific discovery and market delivery,” he added. “In life sciences, researchers often struggle to bring innovation to market. That’s where we, the cluster, come in. We help them cross that gap.”
An example is a biotech company based in the US which announced the launch of Abu Dhabi’s first regulated preclinical laboratory this week. Tareq Abu-Nadi, chief executive and co-founder of Attentive Sciences, said the firm is setting up the region’s first fully regulated preclinical lab and incubator at Helm.
Attentive Sciences is a global contract research organisation (CRO) that works with pharmaceutical and biotech companies to help bring new drugs to life, from early discovery through to clinical trials.
“We help our clients, biotech, pharma companies, develop novel ideas and novel drugs, from lead optimisation and early R&D all the way to clinical trials,” said Mr Abu-Nadi. Abu Dhabi is home to what will become its largest location.
Other Helm partners include the Mohamed bin Zayed University of Artificial Intelligence, the Abu Dhabi Stem Cells Centre, and New York University Abu Dhabi.
Abu Dhabi Global Health Week – in pictures
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
UAE currency: the story behind the money in your pockets
LIVERPOOL SQUAD
Alisson Becker, Virgil van Dijk, Georginio Wijnaldum, James Milner, Naby Keita, Roberto Firmino, Sadio Mane, Mohamed Salah, Joe Gomez, Adrian, Jordan Henderson, Alex Oxlade-Chamberlain, Adam Lallana, Andy Lonergan, Xherdan Shaqiri, Andy Robertson, Divock Origi, Curtis Jones, Trent Alexander-Arnold, Neco Williams
What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
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
'Nightmare Alley'
Director:Guillermo del Toro
Stars:Bradley Cooper, Cate Blanchett, Rooney Mara
Rating: 3/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
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Gender pay parity on track in the UAE
The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.
"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."
Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.
"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.
As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general.
Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
Company%20profile
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STAGE%201%20RESULTS
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EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
STAY%2C%20DAUGHTER
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Fourth-round clashes for British players
- Andy Murray (1) v Benoit Paire, Centre Court (not before 4pm)
- Johanna Konta (6) v Caroline Garcia (21), Court 1 (4pm)
The biog
Name: Younis Al Balooshi
Nationality: Emirati
Education: Doctorate degree in forensic medicine at the University of Bonn
Hobbies: Drawing and reading books about graphic design
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
Ipaf in numbers
Established: 2008
Prize money: $50,000 (Dh183,650) for winners and $10,000 for those on the shortlist.
Winning novels: 13
Shortlisted novels: 66
Longlisted novels: 111
Total number of novels submitted: 1,780
Novels translated internationally: 66
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
AS%20WE%20EXIST
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The rules of the road keeping cyclists safe
Cyclists must wear a helmet, arm and knee pads
Have a white front-light and a back red-light on their bike
They must place a number plate with reflective light to the back of the bike to alert road-users
Avoid carrying weights that could cause the bike to lose balance
They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians
COMPANY%20PROFILE%20
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Company%20profile%20
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BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
The%20Little%20Mermaid%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rob%20Marshall%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EHalle%20Bailey%2C%20Jonah%20Hauer-King%2C%20Melissa%20McCarthy%2C%20Javier%20Bardem%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Best Academy: Ajax and Benfica
Best Agent: Jorge Mendes
Best Club : Liverpool
Best Coach: Jurgen Klopp (Liverpool)
Best Goalkeeper: Alisson Becker
Best Men’s Player: Cristiano Ronaldo
Best Partnership of the Year Award by SportBusiness: Manchester City and SAP
Best Referee: Stephanie Frappart
Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)
Best Sporting Director: Andrea Berta (Atletico Madrid)
Best Women's Player: Lucy Bronze
Best Young Arab Player: Achraf Hakimi
Kooora – Best Arab Club: Al Hilal (Saudi Arabia)
Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)
Player Career Award: Miralem Pjanic and Ryan Giggs
Stan%20Lee
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20David%20Gelb%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Teenage%20Mutant%20Ninja%20Turtles%3A%20Shredder's%20Revenge
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