Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and UK Prime Minister Boris Johnson wear Expo 2020 Dubai wristbands at 10 Downing Street on Thursday. Rashed Al Mansoori / Ministry of Presidential Affairs ---
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and UK Prime Minister Boris Johnson wear Expo 2020 Dubai wristbands at 10 Downing Street on Thursday. Rashed Al Mansoori / Ministry of Presidential Affairs ---
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and UK Prime Minister Boris Johnson wear Expo 2020 Dubai wristbands at 10 Downing Street on Thursday. Rashed Al Mansoori / Ministry of Presidential Affairs ---
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and UK Prime Minister Boris Johnson wear Expo 2020 Dubai wristbands at 10 Downing Street on Th

Text of joint UAE-UK communique after launch of Partnership for the Future


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  • Arabic

The United Arab Emirates and the United Kingdom have issued a joint communique on the visit to London of Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

What Sheikh Mohamed bin Zayed and Boris Johnson discussed in full:

"His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met United Kingdom Prime Minister the Rt Hon Boris Johnson MP in London on September 16.

The leaders agreed to establish a new, ambitious Partnership for the Future that will strengthen the historic relations that the two countries share. The new partnership will build on this history, and ensure that the UAE and UK are able to work closely together to promote prosperity and security, tackle climate change, and expand the exchange of knowledge, skills and ideas. The meeting was attended by UAE and UK ministerial representatives, ambassadors and officials from both countries.

United Arab Emirates - United Kingdom: 'Partnership for the Future'

The Prime Minister congratulated the United Arab Emirates on the 50th anniversary of its founding. Both leaders welcomed the progress that bilateral relations have made during this time and underlined their high ambition for the future of the relationship.

The UAE and the UK are committed to tackling global issues together. In recognition of the opportunity created by the depth of the strategic relationship between the two nations, both leaders agreed to establish a Partnership for the Future expanding the breadth and depth of the bilateral relationship.

This Partnership will consist of two central pillars: the creation of sustainable prosperity and addressing global issues. The leaders agreed to create new trade, investment, and innovation dynamics, and to strengthen collaboration in areas including life sciences, energy innovation, regional issues, education, security, development, culture, climate, health, food security and battling illicit financing.

The UAE Minister of Foreign Affairs and International Co-operation and the Secretary of State for Foreign, Commonwealth and Development Affairs will co-chair an annual Strategic Dialogue to review the global issues pillar and to work closely together during the UAE’s term at the UN Security Council for the period of 2022-23.

Trade, Investment, and Energy

The United Arab Emirates and the United Kingdom share an important trade and investment relationship, with total trade of ₤18.6 billion [$25.66bn] in 2019, and two-way investment of £13.4bn in 2019, promoting innovation, jobs and economic development. The leaders discussed the opportunities for economic co-operation presented by new and developing sectors including technology, education, health care and life sciences, and clean and renewable energy.

The leaders welcomed the recent steps to increase investment flows between both countries. Abu Dhabi’s Mubadala Investment Company and the United Kingdom’s Office for Investment signed the Sovereign Investment Partnership (SIP). This long-term strategic agreement will serve to drive the investment relationship between the two countries.

Over a five-year period, the SIP will invest across four key innovation-led sectors – technology, infrastructure, health care, and life sciences, and clean and renewable energy – that will support job creation in both countries, strengthen national research and development capabilities and originate new areas of investment collaboration.

The leaders welcomed the March announcement that saw Mubadala commit ₤800 million to United Kingdom life sciences, alongside the United Kingdom government’s £200m Life Sciences Investment Programme.

The leaders announced the UAE’s investment commitment to the UAE-UK SIP – ₤10bn over the next five years in energy transition, technology and infrastructure. The leaders also welcomed the ongoing assistance from the British Business Bank. Moreover, they discussed a number of ongoing projects under the SIP framework, with plans to announce further investments in due course.

In the energy sector, the leaders agreed to step up ties in the energy transition and decarbonisation, with a particular focus on renewables and new forms of energy through three new agreements: [1] a trilateral collaboration between Abu Dhabi National Oil Company (Adnoc), Masdar and BP; [2] an agreement between Adnoc and BP on co-development of carbon capture, usage and storage; and [3] a forward-looking partnership between Masdar and BP to develop, build and operate energy and mobility services in urban spaces.

The leaders welcomed the conclusion of the United Kingdom – Gulf Co-operation Council Joint Trade and Investment Review in June 2021 and recent progress to boost bilateral trade through removing trade barriers and facilitating economic co-operation.

They agreed on the importance of continued work in sectors such as education, health care, and food and drink, and through the United Arab Emirates- United Kingdom Joint Economic Committee, the next meeting of which was agreed to be held during Expo 2020 in Dubai.

The leaders announced the signing of the Memorandum of Co-operation (MoC) on Industrial and Advanced Technologies Co-operation between the Department for Business, Energy and Industrial Strategy and the Ministry of Industry and Advanced Technology.

The MoC highlights nine priority areas for collaboration between the two countries, including life sciences, hydrogen, space, emerging renewable energy technologies, and smart and green sustainable manufacturing that will be implemented through joint engagements between government, businesses and academic entities.

The leaders also announced the signing of a Memorandum of Understanding (MoU) on artificial intelligence (AI) to facilitate the transfer of knowledge, investment, and standards to bring mutual benefit to both countries.

Both countries will form a space sector joint committee to drive bilateral discussions, to deliver economic prosperity for both nations.

Both countries have developed stronger industrial ties through collaboration in defence and security. This includes blossoming relationships, including Tawazun Economic Council and Edge Group. The Leaders agreed on working together to support these emerging and future partnerships in order to promote prosperity whilst strengthening business opportunities for both.

The UAE and the UK share an important strategic defence relationship. They agreed to strengthen this, particularly on capability development and defence industrial collaboration. Both leaders welcomed the continuing strong ties between the UK and UAE Armed Forces.

The UK looks forward to further collaboration with the UAE Presidential Guard; between our two air forces through UK participation in the Advanced Tactical Leadership Course, with UK jets from the carrier strike group, and increased land exercises in the UAE.

Climate

The leaders underscored the importance of mutual and sustainable investment through the SIP into our green industries to support decarburisation; through development partnerships to support climate resilience and adaptation in third countries; and co-operation on energy in the Joint Industrial Collaboration Framework.

The leaders welcomed the signing of a MoU on Climate Change and Environmental Co-operation that will strengthen collaboration on climate action, nature-based solutions and implementing the Paris Agreement.

The partnership will focus on sharing best practice for climate neutrality, mainstreaming climate and environment within development co-operation, reducing climate risks, accelerating the low carbon transition nationally and globally, including through promoting the mandate of Irena, mobilising access to climate finance and promoting the Agriculture Innovation Mission for Climate (Aim for Climate), which will be formally launched at Cop26.

Foreign Policy, Regional Issues, Security and Defence

The two countries reiterated their commitment to deepening their strategic partnership on foreign policy, regional, security and defence issues and they announced the launch of the strategic dialogue that will drive forward collaboration in education, culture and climate change, multilateral co-operation and security issues.

The Prime Minister congratulated the UAE on its election as a non-permanent member of the UN Security Council for 2022-23, and underscored the UAE and the UK’s commitment to working together on the Security Council to promote international peace and security and address the security threats that the world faces. Moreover, the leaders discussed the long-term strategic implications of the global recovery from Covid-19.

On regional issues, the two countries agreed to continue their close co-operation, including on security, development and humanitarian affairs. They emphasised the significance of the Abraham Accords in contributing to the enhancement of regional peace and security and reaffirmed their commitment to a negotiated two-state solution to the Israeli-Palestinian conflict, based on relevant UN resolutions.

The leaders expressed their concerns regarding developments in Afghanistan, and affirmed their commitment to preserving regional stability and preventing the resurgence of terrorism. They also emphasised the need for the protection of the rights of Afghan women and girls and stressed the importance that their rights are preserved.

The leaders committed to work together to prevent a humanitarian disaster in Afghanistan and to support refugees.

Both leaders agreed on increased co-operation to ensure the safety and security of maritime commerce, trade and energy routes.

  • Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces meets with The Rt Hon Anne-Marie Trevelyan, Secretary of State for International Trade. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces meets with The Rt Hon Anne-Marie Trevelyan, Secretary of State for International Trade. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed meets with Alok Sharma, COP26 President. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed meets with Alok Sharma, COP26 President. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed with UK Prime Minister Boris Johnson, at 10 Downing Street. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed with UK Prime Minister Boris Johnson, at 10 Downing Street. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson held wide-ranging talks in London. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson held wide-ranging talks in London. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson announced the launch of a Partnership for the Future between the UAE and the UK. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson announced the launch of a Partnership for the Future between the UAE and the UK. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed at a military guard of honour before attending a UK-UAE business reception. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed at a military guard of honour before attending a UK-UAE business reception. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson wear EXPO 2020 wristbands during a reception at 10 Downing Street. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson wear EXPO 2020 wristbands during a reception at 10 Downing Street. Ministry of Presidential Affairs
  • Boris Johnson and Sheikh Mohamed bin Zayed in front of an audience of businessmen, bankers and senior politicians at Downing Street. Ministry of Presidential Affairs
    Boris Johnson and Sheikh Mohamed bin Zayed in front of an audience of businessmen, bankers and senior politicians at Downing Street. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson witness the signing of key agreements between the UAE and the UK. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed and Prime Minister Boris Johnson witness the signing of key agreements between the UAE and the UK. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed arrives to a reception hosted by Prime Minister Boris Johnson at 10 Downing Street. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed arrives to a reception hosted by Prime Minister Boris Johnson at 10 Downing Street. Ministry of Presidential Affairs
  • Boris Johnson thanked the UAE for its role in facilitating evacuations from Afghanistan after the Taliban took control of the country. Ministry of Presidential Affairs
    Boris Johnson thanked the UAE for its role in facilitating evacuations from Afghanistan after the Taliban took control of the country. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed reviews a military guard of honour at Horse Guards Parade shortly after his arrival in London. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed reviews a military guard of honour at Horse Guards Parade shortly after his arrival in London. Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed was given a guard of honour shortly after his arrival in London on an official visit to the UK. Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed was given a guard of honour shortly after his arrival in London on an official visit to the UK. Ministry of Presidential Affairs

Health

The leaders acknowledged the difficult circumstances caused by the pandemic globally, and they offered their deepest condolences for the loss of lives and expressed deepest sympathy with the families of the victims.

The leaders emphasised that global co-operation and solidarity are key to fighting the pandemic and achieving sustainable and inclusive recovery. Moreover, they welcomed the increase in the level of vaccinations in the UAE and UK, and underlined their commitment to share data and exchange experience, including on genome sequencing.

They agreed on the importance of supporting efforts to increase global vaccine supply, and the recognition of vaccines adopted in both countries to strengthen cultural, trade and investment ties.

The leaders acknowledged the health impacts of climate change and pledged to use Cop26 as a platform to demonstrate ambition to tackle them. They noted the importance of a strengthened WHO and its leading and coordinating role in the global health system.

Development

The leaders agreed to expand development and humanitarian co-operation through the establishment of a Framework for Development Co-operation in areas such as climate change, education, women’s empowerment, and development in the Horn of Africa.

The UAE and the UK will build on their partnership on ensuring 12 years of quality education for all girls. The leaders affirmed the importance of using both diplomatic and development levers to support the implementation of the landmark joint UN Human Rights Council resolution on girls’ education.

The UK looks forward to the ReWired Summit at Dubai Expo 2020 as another key milestone on the girls’ education agenda.

The UAE and the UK have agreed an ambitious plan for co-operation in regions of mutual interest, including the Horn of Africa, to promote shared security and stability priorities, and meeting the sustainable development goals. The leaders also underlined the importance of respect for human rights in all initiatives.

Culture and Education

The leaders agreed to increase co-operation on areas such as cultural heritage protection, development of creative and cultural industries, and exchange of best practice and expertise. Moreover, the leaders announced the signing of an MoU on the cultural sector, and work together to facilitate the implementation of international agreements such as those signed with Unesco.

The leaders shared their ambition to strengthen education ties and committed to identify further opportunities to collaborate in technical and vocational training. They also announced the "Education for the Future initiative", a series of thought leadership seminars that will be conducted in 2021.

In addition, they welcomed the convening of the first event between the two countries on the value of IT/AI skills and competences in girls’ education.

The prime minister expressed anticipation of the active participation of the UK in Expo 2020 in Dubai, which will positively contribute to the spirit of global dialogue, innovation, peace and prosperity.

Tackling Illicit Finance

Both countries have launched a Partnership to Tackle Illicit Financial Flows. They also agreed that international partners should work together to tackle dirty money.

The first UAE-UK Partnership meeting to tackle illicit financial flows will be held in London on September 17, 2021. The co-chairs will discuss the development of a joint action plan to mitigate and address shared illicit finance risks, threats and vulnerabilities. The meeting will also include the signing of the Framework for the Partnership to Tackle Illicit Financial Flows."

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Mobile phone packages comparison
MATCH INFO

Delhi Daredevils 174-4 (20 ovs)
Mumbai Indians 163 (19.3 ovs)

Delhi won the match by 11 runs

UAE currency: the story behind the money in your pockets
The specs

Engine: 3.0-litre six-cylinder MHEV

Power: 360bhp

Torque: 500Nm

Transmission: eight-speed automatic

Price: from Dh282,870

On sale: now

BUNDESLIGA FIXTURES

Friday (All UAE kick-off times)

Borussia Dortmund v Eintracht Frankfurt (11.30pm)

Saturday

Union Berlin v Bayer Leverkusen (6.30pm)

FA Augsburg v SC Freiburg (6.30pm)

RB Leipzig v Werder Bremen (6.30pm)

SC Paderborn v Hertha Berlin (6.30pm)

Hoffenheim v Wolfsburg (6.30pm)

Fortuna Dusseldorf v Borussia Monchengladbach (9.30pm)

Sunday

Cologne v Bayern Munich (6.30pm)

Mainz v FC Schalke (9pm)

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Tips for avoiding trouble online
  • Do not post incorrect information and beware of fake news
  • Do not publish or repost racist or hate speech, yours or anyone else’s
  • Do not incite violence and be careful how to phrase what you want to say
  • Do not defame anyone. Have a difference of opinion with someone? Don’t attack them on social media
  • Do not forget your children and monitor their online activities
Spider-Man%202
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Insomniac%20Games%0D%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20%20Sony%20Interactive%20Entertainment%0D%3Cbr%3E%3Cstrong%3EConsole%3A%20%3C%2Fstrong%3EPlayStation%205%0D%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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

info-box

COMPANY PROFILE

Company name: Happy Tenant

Started: January 2019

Co-founders: Joe Moufarrej and Umar Rana

Based: Dubai

Sector: Technology, real-estate

Initial investment: Dh2.5 million

Investors: Self-funded

Total customers: 4,000

Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

The specs: 2018 Audi RS5

Price, base: Dh359,200

Engine: 2.9L twin-turbo V6

Transmission: Eight-speed automatic

Power: 450hp at 5,700rpm

Torque: 600Nm at 1,900rpm

Fuel economy, combined: 8.7L / 100km

Yahya Al Ghassani's bio

Date of birth: April 18, 1998

Playing position: Winger

Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

The years Ramadan fell in May

1987

1954

1921

1888

UAE currency: the story behind the money in your pockets

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.”

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20HyveGeo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Abdulaziz%20bin%20Redha%2C%20Dr%20Samsurin%20Welch%2C%20Eva%20Morales%20and%20Dr%20Harjit%20Singh%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ECambridge%20and%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ESustainability%20%26amp%3B%20Environment%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%24200%2C000%20plus%20undisclosed%20grant%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVenture%20capital%20and%20government%3C%2Fp%3E%0A
How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

Avatar%20(2009)
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EJames%20Cameron%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ESam%20Worthington%2C%20Zoe%20Saldana%2C%20Sigourney%20Weaver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

Empty Words

By Mario Levrero  

(Coffee House Press)
 

Tour de France Stage 16:

165km run from Le Puy-en-Velay to Romans-sur-Isère

Straightforward ways to reduce sugar in your family's diet
  • Ban fruit juice and sodas
  • Eat a hearty breakfast that contains fats and wholegrains, such as peanut butter on multigrain toast or full-fat plain yoghurt with whole fruit and nuts, to avoid the need for a 10am snack
  • Give young children plain yoghurt with whole fruits mashed into it
  • Reduce the number of cakes, biscuits and sweets. Reserve them for a treat
  • Don’t eat dessert every day 
  • Make your own smoothies. Always use the whole fruit to maintain the benefit of its fibre content and don’t add any sweeteners
  • Always go for natural whole foods over processed, packaged foods. Ask yourself would your grandmother have eaten it?
  • Read food labels if you really do feel the need to buy processed food
  • Eat everything in moderation
Updated: September 16, 2021, 7:56 PM