Expo 2020 will bring together expert thinkers to share inventive ways to deal with pressing issues such as energy and water, Sheikh Mohammed writes.
Expo 2020 will bring together expert thinkers to share inventive ways to deal with pressing issues such as energy and water, Sheikh Mohammed writes.
Expo 2020 will bring together expert thinkers to share inventive ways to deal with pressing issues such as energy and water, Sheikh Mohammed writes.
Expo 2020 will bring together expert thinkers to share inventive ways to deal with pressing issues such as energy and water, Sheikh Mohammed writes.

Sheikh Mohammed bin Rashid: UAE expo can connect minds


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More than 1,200 years ago, while Europe was in its Dark Ages, the Muslim world was ruled by a dynasty of Islamic leaders who embraced free thought and creativity from all corners of the globe.
Never before had history witnessed such cultural openness and symbiosis as during the reign of the Abbasid Caliphs. They built the world's first university, named it Bayt Al Hikma ("House of Wisdom"), and filled its library with the finest cultural, scientific and literary creations known to mankind.
As early as the 9th century, under the caliph Al Mamoun, Baghdad had become the world's capital of science and culture. The city was renowned for embracing all races and religions. It became a magnet for intellectuals, free thinkers and innovators from East and West. Its people developed a passion for gathering together all of the fruits of mankind's quest for happiness. This celebration of human creativity flourished for more than five centuries and set the stage for the European Renaissance.
Looking at the Middle East and its challenges today, it is tempting to think back to that golden age of Islamic culture with wistful nostalgia for a faraway time. But Al Mamoun's vision is more than ancient history. It is also a solution for the present and the future - a model that we are actively rebuilding, right now.
My own country stands where it stands today because since our inception we have given the utmost priority to the human mind. Our land has always been a safe harbour for great thinkers. We have welcomed innovative minds and given them the freedom to create. By working together, thousands of experts and specialists from the UAE and around the world have built in Dubai the world's tallest skyscraper, the largest man-made islands, the largest automated metro network and the third largest airline in the world. In our capital Abu Dhabi, they built the world's largest carbon-free city, complete with advanced research facilities for renewable energy. Great artistic and cultural minds are collaborating to build a vast cultural and artistic city complete with the greatest international museums.
We have been building on an idea that is more than 1,000 years old. Today we want to extend this vision to an international level.
We want to host Expo 2020 - a global event in which the cultures, innovations and creations of the world will meet in Dubai. We want to welcome more than 25 million people during six months, so they can see the best of what the human mind can achieve across cultures and races. We want to host the greatest minds in the world to share innovative solutions for global challenges that cannot be dealt with in isolation.
Expo 2020 will bring together expert thinkers to share inventive ways to deal with pressing issues such as energy and water. Great minds will also come together to share smart solutions for transportation, sustainability and global economic stability.
When we proposed to host the world's biggest cultural event, we promised to astonish the world. Today we pledge to breathe life into our slogan: we will bring minds together for a better future.
We propose to host this international event in 2020 to deliver three important messages.
Our first message is to tell the world that the Middle East is not a region of conflict, war and tension. Its history and geography prove that this is a region where cultures, civilisations and innovation can meet and flourish. Initiatives such as Expo 2020 are an opportunity to restore this role by playing host to the world, communicating positively and openly with its diverse cultures, accepting and embracing ideas and interacting with all people.
We are at the heart of the world. Two thirds of the world's population live less than eight hours away. We are destined to be a meeting point for mankind and a melting pot for cultures and civilisations that will provide humanity with amazing innovations.
Our second message is to the people of our region who are tired of conflict and tension. We tell them that we have a culture, a religion and a language in common: if communication among different cultures can bring about a better future, imagine what it could do for us with all our commonalities.
We have been trying for more than six decades to communicate and interact positively within our region. We endeavour to unite minds, and then borders; to touch together our hearts before touching on economic interests, and to unify our collective will before unifying our currencies.
We have always wanted to establish connections, real connections, to build a better future for the people of our region, and its youth in particular. It is time for our region to restore its role in history and civilisation. Our history and our culture have destined us for greatness, and our future should showcase this destiny.
Our last message is to the governments representing the 166 countries that will vote next November to choose the winning host country for Expo 2020. We tell them that our region deserves the chance to organise this great world exhibition, that our country is ready to host it and that we are committed to staging the best Expo in history.
We are thankful to the countries that announced their support for us; and to the people of the world our message is that of love and peace. Our slogan will always be that connecting minds creates a better future. It is a slogan of which the Caliph Al Mamoun would have been proud.
 
Sheikh Mohammed Bin Rashid is the Vice-President of the UAE and Ruler of Dubai

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

Neil Thomson – THE BIO

Family: I am happily married to my wife Liz and we have two children together.

Favourite music: Rock music. I started at a young age due to my father’s influence. He played in an Indian rock band The Flintstones who were once asked by Apple Records to fly over to England to perform there.

Favourite book: I constantly find myself reading The Bible.

Favourite film: The Greatest Showman.

Favourite holiday destination: I love visiting Melbourne as I have family there and it’s a wonderful place. New York at Christmas is also magical.

Favourite food: I went to boarding school so I like any cuisine really.

'Downton Abbey: A New Era'

Director: Simon Curtis

 

Cast: Hugh Bonneville, Elizabeth McGovern, Maggie Smith, Michelle Dockery, Laura Carmichael, Jim Carter and Phyllis Logan

 

Rating: 4/5

 
How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

Uefa Nations League

League A:
Germany, Portugal, Belgium, Spain, France, England, Switzerland, Italy, Poland, Iceland, Croatia, Netherlands

League B:
Austria, Wales, Russia, Slovakia, Sweden, Ukraine, Republic of Ireland, Bosnia-Herzegovina, Northern Ireland, Denmark, Czech Republic, Turkey

League C:
Hungary, Romania, Scotland, Slovenia, Greece, Serbia, Albania, Norway, Montenegro, Israel, Bulgaria, Finland, Cyprus, Estonia, Lithuania

League D:
Azerbaijan, Macedonia, Belarus, Georgia, Armenia, Latvia, Faroe Islands, Luxembourg, Kazakhstan, Moldova, Liechtenstein, Malta, Andorra, Kosovo, San Marino, Gibraltar

Sustainable Development Goals

1. End poverty in all its forms everywhere

2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture

3. Ensure healthy lives and promote well-being for all at all ages

4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

5. Achieve gender equality and empower all women and girls

6. Ensure availability and sustainable management of water and sanitation for all

7. Ensure access to affordable, reliable, sustainable and modern energy for all

8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation

10. Reduce inequality  within and among countries

11. Make cities and human settlements inclusive, safe, resilient and sustainable

12. Ensure sustainable consumption and production patterns

13. Take urgent action to combat climate change and its effects

14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development

15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

17. Strengthen the means of implementation and revitalise the global partnership for sustainable development

Gremio 1 Pachuca 0

Gremio Everton 95’

GCC-UK%20Growth
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RACE CARD

6.30pm Maiden Dh165,000 (Dirt) 1,200

7.05pm Handicap Dh165,000 (D) 1,600m

7.40pm Maiden Dh165,000 (D) 1,600m

8.15pm Handicap Dh190,000 (D) 1,600m

8.50pm Handicap Dh175,000 (D) 1,400m

9.25pm Handicap Dh175,000 (D) 2,000m

 

The National selections:

6.30pm Underwriter

7.05pm Rayig

7.40pm Torno Subito

8.15pm Talento Puma

8.50pm Etisalat

9.25pm Gundogdu

UFC%20FIGHT%20NIGHT%3A%20SAUDI%20ARABIA%20RESULTS
%3Cp%3E%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20card%3Cbr%3EMiddleweight%3A%3C%2Fstrong%3E%0D%3Cbr%3ERobert%20Whittaker%20defeated%20Ikram%20Aliskerov%20via%20knockout%20(Round%201)%0D%3Cbr%3E%3Cstrong%3EHeavyweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EAlexander%20Volkov%20def%20Sergei%20Pavlovich%20via%20unanimous%20decision%0D%3Cbr%3E%3Cstrong%3EMiddleweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EKelvin%20Gastelum%20def%20Daniel%20Rodriguez%20via%20unanimous%20decision%0D%3Cbr%3E%3Cstrong%3EMiddleweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EShara%20Magomedov%20def%20Antonio%20Trocoli%20via%20knockout%20(Round%203)%0D%3Cbr%3E%3Cstrong%3ELight%20heavyweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EVolkan%20Oezdemir%20def%20Johnny%20Walker%20via%20knockout%20(Round%201)%0D%3Cbr%3E%3Cstrong%3EPreliminary%20Card%0D%3Cbr%3ELightweight%3A%3C%2Fstrong%3E%0D%3Cbr%3ENasrat%20Haqparast%20def%20Jared%20Gordon%20via%20split%20decision%0D%3Cbr%3E%3Cstrong%3EFeatherweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EFelipe%20Lima%20def%20Muhammad%20Naimov%20via%20submission%20(Round%203)%0D%3Cbr%3E%3Cstrong%3EWelterweight%3A%3C%2Fstrong%3E%0D%3Cbr%3ERinat%20Fakhretdinov%20defeats%20Nicolas%20Dalby%20via%20split%20decision%0D%3Cbr%3E%3Cstrong%3EBantamweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EMuin%20Gafurov%20def%20Kang%20Kyung-ho%20via%20unanimous%20decision%0D%3Cbr%3E%3Cstrong%3ELight%20heavyweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EMagomed%20Gadzhiyasulov%20def%20Brendson%20Ribeiro%20via%20majority%20decision%0D%3Cbr%3E%3Cstrong%3EBantamweight%3A%3C%2Fstrong%3E%0D%3Cbr%3EChang%20Ho%20Lee%20def%20Xiao%20Long%20via%20split%20decision%3C%2Fp%3E%0A

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.”

2017%20RESULTS%3A%20FRENCH%20VOTERS%20IN%20UK
%3Cp%3E%3Cstrong%3EFirst%20round%3C%2Fstrong%3E%3Cbr%3EEmmanuel%20Macron%3A%2051.1%25%3Cbr%3EFrancois%20Fillon%3A%2024.2%25%3Cbr%3EJean-Luc%20Melenchon%3A%2011.8%25%3Cbr%3EBenoit%20Hamon%3A%207.0%25%3Cbr%3EMarine%20Le%20Pen%3A%202.9%25%3Cbr%3E%3Cbr%3E%3Cstrong%3ESecond%20round%3C%2Fstrong%3E%3Cbr%3EEmmanuel%20Macron%3A%2095.1%25%3Cbr%3EMarine%20Le%20Pen%3A%204.9%25%26nbsp%3B%3C%2Fp%3E%0A