President Sheikh Mohamed greets Emirati families and patients receiving treatment at the Children's National Hospital in Washington, an institution that has a long-standing relationship with the UAE. Ryan Carter / UAE Presidential Court
President Sheikh Mohamed greets Emirati families and patients receiving treatment at the Children's National Hospital in Washington, an institution that has a long-standing relationship with the UAE. Ryan Carter / UAE Presidential Court
President Sheikh Mohamed greets Emirati families and patients receiving treatment at the Children's National Hospital in Washington, an institution that has a long-standing relationship with the UAE. Ryan Carter / UAE Presidential Court
President Sheikh Mohamed greets Emirati families and patients receiving treatment at the Children's National Hospital in Washington, an institution that has a long-standing relationship with the UAE.


For the UAE, children's health is non-negotiable


  • English
  • Arabic

September 26, 2024

Official visits for heads of state entail meetings with the highest level leaders of the host country and high-level conversations across the board, and this week’s talks between President Sheikh Mohamed and senior US political and business leaders were no exception. As well as discussions with US President Joe Biden, Vice President Kamala Harris and other senior administration figures, Sheikh Mohamed on Tuesday met the chief executives of BlackRock, Microsoft and Nvidia to discuss opportunities in advanced technology and artificial intelligence.

But these meetings were preceded by an altogether different encounter on Sunday when Sheikh Mohamed visited the Children's National Hospital in Washington, an institution that has a special relationship with the UAE – a $150 million gift from the Emirates helped set up the hospital’s Sheikh Zayed Institute for Paediatric Surgical Innovation in 2010; another $30 million from the UAE went to establishing its Children’s National Research and Innovation Campus, which was inaugurated in 2022.

Amid a tour of the hospital, where Sheikh Mohamed was shown some of the cutting-edge technology used to treat its young patients – such as a miniature pacemaker for infants – the President met patients and their families. Children have a particular talent for encouraging warmth and informality, even among heads of government and world leaders. As Sheikh Mohamed spent time with these young people, it was apparent that this was an emotional moment.

The visit had echoes of Sheikh Mohamed’s 2021 trip to London where he toured the Zayed Centre for Research into Rare Disease in Children. This was established in 2019 with financial help from the UAE; by the time of Sheikh Mohamed’s visit. it had already treated more than 22,000 children in its Falcon Outpatients facility.

Sadly, tragic events unfolding in today’s Middle East mean that the UAE’s forceful and effective commitment to children’s health and welfare is needed more than ever. Last month, 11-month-old Abdul Rahman Abu Al Jidyan became the first confirmed case of type 2 polio in Gaza in 25 years. As the poliovirus re-emerged after an almost year-long Israeli military assault that destroyed much of the enclave, the UAE worked with the World Health Organisation, Unicef and the UN Relief and Works Agency for Palestine Refugees to vaccinate more than 187,000 children. The campaign was supported by a $5 million pledge directed by Sheikh Mohamed; this vital contribution was the first from any leader or country for the polio campaign in Gaza.

The country’s resources and expertise are such that it can have a meaningful effect on children’s lives

The continuing catastrophe in Gaza means more hard work will be required in the future. A new study published by academics working in partnership with UNRWA estimates that even if the war ended immediately, Palestinian children in the strip would lose two years of education. Although one shudders to contemplate this conflict lasting until 2026, the report’s findings suggest this lost education could increase to five years if the fighting continues until then. This is before we consider the effects of trauma, famine and displacement on Palestinian children.

The UAE’s long track record of supporting children’s health shows that it is a strategic and long-term commitment. The country’s resources and expertise are such that it can have a meaningful effect on children’s lives – whether it be those suffering from rare illnesses or those in conflict zones who have been let down by a collective failure to govern this world peacefully. Our hope should be that more countries and institutions take up the challenge with such determination.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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England's all-time record goalscorers:
Wayne Rooney 53
Bobby Charlton 49
Gary Lineker 48
Jimmy Greaves 44
Michael Owen 40
Tom Finney 30
Nat Lofthouse 30
Alan Shearer 30
Viv Woodward 29
Frank Lampard 29

MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

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UAE currency: the story behind the money in your pockets
Despacito's dominance in numbers

Released: 2017

Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon

Views: 5.3 billion on YouTube

Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification

Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.

Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards

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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.”

Christopher Robin
Starring: Ewan McGregor, Haley Atwell, Jim Cummings, Peter Capaldi
Three stars

Evacuations to France hit by controversy
  • Over 500 Gazans have been evacuated to France since November 2023
  • Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
  • The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
  • Artists and researchers fall under a programme called Pause that began in 2017
  • It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
  • Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
  • Unlike students, they are allowed to bring their families to France
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
THE SPECS

Engine: 3.5-litre supercharged V6

Power: 416hp at 7,000rpm

Torque: 410Nm at 3,500rpm

Transmission: 6-speed manual

Fuel consumption: 10.2 l/100km

Price: Dh375,000 

On sale: now 

Specs

Price, base: Dhs850,000
Engine: 3.9-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 591bhp @ 7,500rpm
Torque: 760Nm @ 3,000rpm
Fuel economy, combined: 11.3L / 100km

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Gulf Under 19s final

Dubai College A 50-12 Dubai College B

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Sting & Shaggy

44/876

(Interscope)

AWARDS
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Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

The%20specs
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Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Updated: September 26, 2024, 5:24 AM