The UAE and wider Middle East is well placed to take advantage of disruptive technology such as hyperloop trasportation. Courtesy Hyperloop One
The UAE and wider Middle East is well placed to take advantage of disruptive technology such as hyperloop trasportation. Courtesy Hyperloop One

UAE leads in the race to the post-oil, knowledge-based economy



The UAE has made great strides towards diversifying its economy over the past decade. Today, around 70 per cent of output is accounted for by the non-oil sector. By 2021, that share will rise another 10 percentage points. For a country with a bounty in oil and gas, commodities that remain in high demand around the world, this means an expansion in our local economy. Quite simply, we are growing even larger.

Such developments do not happen on their own. It is the result of careful planning. Currently, a number of laws are in the works that will help establish a welcoming environment for foreign investment. And as the Minister of Economy, Sultan Al Mansouri, explained, other laws will supplement this, making the Emirates an even more efficient place to conduct business for companies already established, as well as those in gestation. On top of that is prudent investments to build new strengths. Such diversifications will see Dh300 billion spent on 100 initiatives covering health and education, energy, transport, water and technology. We are already in the midst of a revolution in renewable energy – in how we increasingly use it and in technology development. Now often known for the fossil fuel we supply the world, we will soon gain renown for the solar and other technologies we are developing to supply the world of the future.

Read more: 

Diversification and the drive towards renewable energy

> The transport revolution is already upon us

But diversification is more than all that. On the road to our transformation into a knowledge society, our schools and universities are also playing a role to ensure that Emiratis take their rightful place in the new economy. And we are adding to our stock of entertainment outlets and cultural venues so that the economics of leisure bring in more tourists to share our hospitality. In other words, through these and many other areas we are not only deepening our economy, but expanding its horizon as well.

The UAE has set the cornerstones for a sustainable economy, guaranteeing it will enter the post-oil era in full readiness. Just as importantly, that economy, in totality, is primed to be even bigger than it is today. For that is just as important an attribute to sustainability.

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Also read: 

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Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

SHAITTAN

Director: Vikas Bahl
Starring: Ajay Devgn, R. Madhavan, Jyothika, Janaki Bodiwala
Rating: 3/5

SPEC SHEET: SAMSUNG GALAXY S24 ULTRA

Display: 6.8" quad-HD+ dynamic Amoled 2X, 3120 x 1440, 505ppi, HDR10+, 120Hz

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Storage: 256/512GB / 1TB

Platform: Android 14, One UI 6.1

Main camera: quad 200MP wide f/1.7 + 50MP periscope telephoto f/3.4 with 5x optical/10x optical quality zoom + 10MP telephoto 2.4 with 3x optical zoom + 12MP ultra-wide f/2.2; 100x Space Zoom; auto HDR, expert RAW

Video: 8K@24/30fps, 4K@30/60/120fps, full-HD@30/60/240fps, full-HD super slo-mo@960fps

Front camera: 12MP f/2.2

Battery: 5000mAh, fast wireless charging 2.0, Wireless PowerShare

Connectivity: 5G, Wi-Fi, Bluetooth 5.3, NFC

I/O: USB-C; built-in Galaxy S Pen

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SIM: Nano + nano / nano + eSIM / dual eSIM (varies in different markets)

Colours: Titanium black, titanium grey, titanium violet, titanium yellow

In the box: Galaxy S24 Ultra, USB-C-to-C cable

Price: Dh5,099 for 256GB, Dh5,599 for 512GB, Dh6,599 for 1TB

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Engine: 5.2-litre V10

Power: 640hp at 8,000rpm

Torque: 565Nm at 6,500rpm

Transmission: 7-speed dual-clutch auto

Price: From Dh1 million

On sale: Q3 or Q4 2022

GOODBYE JULIA

Director: Mohamed Kordofani

Starring: Siran Riak, Eiman Yousif, Nazar Goma

Rating: 5/5

THE SWIMMERS

Director: Sally El-Hosaini

Stars: Nathalie Issa, Manal Issa, Ahmed Malek and Ali Suliman 

Rating: 4/5

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

A Cat, A Man, and Two Women
Junichiro
Tamizaki
Translated by Paul McCarthy
Daunt Books 

The specs: 2018 Jeep Grand Cherokee Trackhawk


Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

All The Light We Cannot See

Creator: Steven Knight

Stars: Mark Ruffalo, Hugh Laurie, Aria Mia Loberti

Rating: 1/5 

Jebel Ali Dragons 26 Bahrain 23

Dragons
Tries: Hayes, Richards, Cooper
Cons: Love
Pens: Love 3

Bahrain
Tries: Kenny, Crombie, Tantoh
Cons: Phillips
Pens: Phillips 2

Zayed Centre for Research

The Zayed Centre for Research is a partnership between Great Ormond Street Hospital, University College London and Great Ormond Street Hospital Children’s Charity and was made possible thanks to a generous £60 million gift in 2014 from Sheikha Fatima bint Mubarak, Chairwoman of the General Women's Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation.

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

A cryptocurrency primer for beginners

Cryptocurrency Investing for Dummies+– by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer+(2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

Drivers’ championship standings after Singapore:

1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68

LUKA CHUPPI

Director: Laxman Utekar

Producer: Maddock Films, Jio Cinema

Cast: Kartik Aaryan, Kriti Sanon​​​​​​​, Pankaj Tripathi, Vinay Pathak, Aparshakti Khurana

Rating: 3/5


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