I know from my time as Deputy Prime Minister of the United Kingdom that the ties between Britain and the UAE are deep and multi-faceted. Our unique bond dates to the very formation of the Emirates in 1971, and it still holds strong today.
Our work together spans life-saving co-operation on intelligence, defence and security, through joint diplomatic initiatives at the UN on hunger and access to education, to climate change, finance and AI regulation.
It is also a driver of our prosperity. The UK-UAE Sovereign Investment Partnership has supported thousands of jobs in every part of the UK, from Northern Ireland to Northumbia, from Scotland to Somerset. Take just one example: Manchester City Football Club. Backed by the Abu Dhabi United Group, Man City’s performance on the pitch last season was matched by record revenues and profits. But beyond the pitch, the Manchester Life partnership between the club’s owners and Manchester City Council is delivering a £1 billion ($1.35bn) urban renewal project, reclaiming land and building 6,000 homes — a living example of community benefit.
For me, at the heart of any relationship between two nations is the relationship between its people. Millions of people travel between our countries every year from Brits holidaying in Dubai to Emiratis soaking up London’s shops, restaurants and cultural life. But it’s so much more than this. British businesses are abuzz with the opportunities the UAE presents and Emiratis have known for decades the UK is a rock-solid, safe place to invest with free markets, the rule of law and an open business environment.
As a former Cabinet Minister, I know that private exchange is strengthened by bonds at every level of government. I certainly value my relationships in the UAE enormously. They ensure stability, continuity and mutual understanding at times of stress. We are fortunate that the ties between our two royal families are deep and generational. Likewise, I was pleased to see an early visit by our new Prime Minister, Keir Starmer, to the UAE building on those by his Conservative predecessors.
There is also a significant role deepening parliamentary understanding between our countries as we look to strengthen our relationship even further. That is why I have established a new UAE All Party Parliamentary Group. This will seek to foster collaboration and understanding with a particular focus on trade and investment, technology and innovation, and climate and sustainability.
Millions of people travel between our countries every year from Brits holidaying in Dubai to Emiratis soaking up London’s shops, restaurants and cultural life. But it’s so much more than this
The new group brings together Parliamentarians from across the political divide such as former Home Secretary Lord Blunkett, who knows of the important security partnership, to newly elected rising stars like Samantha Niblett who understands the critical need for regional investment in areas such as technology and AI. In this way, it will help create stronger political understanding of the UK-UAE relationship for a wider pool of policymakers in the UK.
Such ties enable us not just to celebrate success but to have open and frank exchange about areas where we do not agree. This includes challenging about where we need to do better. For me, the recent visit by US President Donald Trump was a clear demonstration of how other nations are not standing still. The UK should not complacently assume that historic ties and existing strength automatically continue. We need to work together on this exciting next chapter of our relationship.
The UK has recently concluded trade deals with India, the USA and EU. Trade and investment are surging in the Gulf, as it solidifies its position as a global hub with the UAE at the core. This is something Mr Trump recognises. We should likewise make concluding the UK-GCC Free Trade Agreement our next priority.
While we have a strong investment partnership, we can be more ambitious. As I set out in a speech to the UN General Assembly, I believe the transformational effect of artificial intelligence will be somewhere between the discovery of fire and the discovery of electricity. British university and entrepreneurial capability in AI is only surpassed by the US and China. Likewise, the UAE is now a clear global leader and innovator in AI.
The UK and UAE have already undertaken meaningful work to shape AI, and the UK was grateful when the UAE provided clear support for our flagship AI Safety Summit. However, there is much work to be done. A vibrant UK partnership with the UAE can unlock huge economic value and job opportunities.
Financial services have long been a bedrock of the UK economy, with London and New York continuing to lead the world as global financial centres and the UK demonstrating great strength in fintech. The UAE is clearly established as a strong financial services hub with rapid growth. This creates possibilities for developing dual listings, passporting frameworks, innovation corridors and venture capital match funding.
There are plenty more such opportunities but the one thing we can be sure of is that the rest of the world is not standing still. This is a seminal moment in our relationship. It’s time to take it to the next level.
Company%20profile
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SCORES
Yorkshire Vikings 144-1 in 12.5 overs
(Tom Kohler 72 not out, Harry Broook 42 not out)
bt Hobart Hurricanes 140-7 in 20 overs
(Caleb Jewell 38, Sean Willis 35, Karl Carver 2-29, Josh Shaw 2-39)
UAE currency: the story behind the money in your pockets
Roll%20of%20Honour%2C%20men%E2%80%99s%20domestic%20rugby%20season
%3Cp%3E%3Cstrong%3EWest%20Asia%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Bahrain%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Jebel%20Ali%20Dragons%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%201%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Sharks%0D%3Cbr%3ERunners%20up%3A%20Abu%20Dhabi%20Harlequins%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%202%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%20III%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Sharks%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDubai%20Sevens%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%3C%2Fp%3E%0A
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
LILO & STITCH
Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
Rating: 4.5/5
The Africa Institute 101
Housed on the same site as the original Africa Hall, which first hosted an Arab-African Symposium in 1976, the newly renovated building will be home to a think tank and postgraduate studies hub (it will offer master’s and PhD programmes). The centre will focus on both the historical and contemporary links between Africa and the Gulf, and will serve as a meeting place for conferences, symposia, lectures, film screenings, plays, musical performances and more. In fact, today it is hosting a symposium – 5-plus-1: Rethinking Abstraction that will look at the six decades of Frank Bowling’s career, as well as those of his contemporaries that invested social, cultural and personal meaning into abstraction.
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
Tips on buying property during a pandemic
Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.
While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.
While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar.
Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.
Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.
Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities.
Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong.
Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.
Naga
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3EMeshal%20Al%20Jaser%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3EAdwa%20Bader%2C%20Yazeed%20Almajyul%2C%20Khalid%20Bin%20Shaddad%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
UAE currency: the story behind the money in your pockets
QUARTER-FINAL
Wales 20-19 France
Wales: T: Wainwright, Moriarty. Cons: Biggar (2) Pens: Biggar 2
France: T: Vahaamahina, Ollivon, Vakatawa Cons: Ntamack (2)
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The Bio
Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”
Holiday destination: “I like Paris very much, it’s a city very close to my heart.”
Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”
Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”
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Conservative MPs who have publicly revealed sending letters of no confidence
- Steve Baker
- Peter Bone
- Ben Bradley
- Andrew Bridgen
- Maria Caulfield
- Simon Clarke
- Philip Davies
- Nadine Dorries
- James Duddridge
- Mark Francois
- Chris Green
- Adam Holloway
- Andrea Jenkyns
- Anne-Marie Morris
- Sheryll Murray
- Jacob Rees-Mogg
- Laurence Robertson
- Lee Rowley
- Henry Smith
- Martin Vickers
- John Whittingdale