Fifty years ago this summer, Sheikh Zayed became the ruler of Abu Dhabi. He had spent 20 years as the Ruler’s Representative in the Eastern Region, developing Al Ain and the region during a period before oil. When he took over as Ruler in 1966, one of his first acts was to establish a five-year plan, guiding the development of the emirate as the initial oil revenues came in. By the time the plan was carried out, Abu Dhabi was a different place – the seven emirates had federated and Sheikh Zayed was not only the Ruler of Abu Dhabi, but the president of a new country.
Decades have passed, but that initial vision still finds its way into the emirate’s latest development blueprint. From today, an exhibition explaining the current policy agenda will take place at the Abu Dhabi National Exhibition Centre. At the heart of that vision is the desire to build a safe and secure society and a “sustainable, diversified and globally open economy”.
Go back half a century, and those themes can be detected in the very first five-year plan. As Dr Zaki Nusseibeh, a close adviser to Sheikh Zayed and now a cultural adviser at the Ministry of Presidential Affairs, recalled, the initial plan had ambitious goals: building schools and clinics, roads and an airport. Today, the current phase will focus on improving that infrastructure: ensuring higher quality in schools, increasing the number of hospital beds and growing the number of passengers passing through the capital’s main airport.
There will also be a focus on more intangible aspects of life in the emirate. In 2015, there was a 20 per cent increase in the number of cases handled by the courts, a reduction in the number of Emiratis dying from cardiovascular disease and a greater number of small and medium-sized businesses received funding from the Khalifa Fund. There was an increase in the number of sports clubs and number of heritage-related events. Taken together, these aspects improve the general quality of life and work across the emirate. They can be measured, but not observed in the way that new buildings and roads can be.
But at the heart of all of this is sustained and sustainable growth. The baseline of development in 1966 was low. In 2016, it is much higher, but the guiding principles of measured growth and ambitious outcomes remain. The world has changed much in half a century, but the founding father’s vision is still front and centre.
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Generation Start-up: Awok company profile
Started: 2013
Founder: Ulugbek Yuldashev
Sector: e-commerce
Size: 600 plus
Stage: still in talks with VCs
Principal Investors: self-financed by founder
UAE currency: the story behind the money in your pockets
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
US households add $601bn of debt in 2019
American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.
Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.
Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.
In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.
The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.
"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
Trolls World Tour
Directed by: Walt Dohrn, David Smith
Starring: Anna Kendrick, Justin Timberlake
Rating: 4 stars
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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In numbers
Number of Chinese tourists coming to UAE in 2017 was... 1.3m
Alibaba’s new ‘Tech Town’ in Dubai is worth... $600m
China’s investment in the MIddle East in 2016 was... $29.5bn
The world’s most valuable start-up in 2018, TikTok, is valued at... $75bn
Boost to the UAE economy of 5G connectivity will be... $269bn
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