Thousands of leaders, experts and senior officials from 190 countries will gather in Dubai this month to help shape the post-pandemic agenda on sustainability, health care, economic recovery and the cities of the future.
The World Government Summit will take place at the Dubai Exhibition Centre in the heart of Expo 2020 Dubai on March 29 and 30.
This year's summit will feature 15 conferences aimed at defining the future of agile governance.
They will include the first hosting of the Time 100 Gala outside of the United States, which celebrates the world’s most influential people.
The Forbes 30 Under 30 event will be in the line-up, along with the Global Crypto Forum, the Arab Meeting for Young Leaders, the Arab Government Administration Forum and the Global Metaverse Forum.
Crucial issues such as climate change and the health and energy sectors will also be explored.
More than 30 agencies central to international development will take part, including the UN, the World Health Organisation, the International Monetary Fund, the World Bank, the Women’s Forum for Business and Society, the Atlantic Council, the International Civil Aviation Organisation, the Arab Monetary Fund and the Islamic Development Bank.
Ministers met at the Museum of the Future on Monday for a dialogue before the summit, which is the first such event since the start of the coronavirus pandemic.
Although speakers at the event have yet to be announced, Mohammed Al Gergawi, Minister of Cabinet Affairs and chairman of the World Government Summit, revealed some details of the programme.
“The World Government Summit has become the incubator of new ideas and innovative solutions where knowledge and success stories are shared and exchanged by pioneering government officials, thought leaders and industry experts,” he said.
"WGS reflects the UAE’s commitment to global efforts to enhance the agility and resilience of governments. We stand together to forge purposeful and constructive partnerships to support the socioeconomic recovery and development process that can unlock new opportunities for people globally.
“The summit will host more than 4,000 participants of top government officials, directors and leaders with the aim to envision the future of the governments and the world, and will include more than a hundred discussion sessions.”
At the dialogue event, Abdulla bin Touq, Minister of Economy, announced the launch of the Investopia Investment Summit, an Emirati initiative supporting efforts to accelerate the growth of new economic sectors and double the size of the UAE’s economy by 2030.
Participants can expect to see a range of sessions offered during the eighth World Government Summit, with key themes for 2022 including policies that lead government progress and development, designing future health care, sustainability, accelerating global economic recovery, future technologies, building future cities, the future of education and work, and enabling social resilience.
During the curtain-raiser, Mr Al Gergawi referred to previous events that had examined in depth the challenges faced by society today.
For example, in 2018, WHO Director General Tedros Adhanom Ghebreyesus told leaders the world was unprepared to face a global pandemic.
A year earlier, tech billionaire Elon Musk took to the stage to predict the growing influence of online virtual worlds.
The rise of the Metaverse and its significance will be a major talking point during the 2022 gathering.
Mr Al Gergawi referred to previous discussions on the rise of cryptocurrencies and their potential to disrupt traditional banking systems.
In 2016, Jesse Powell — founder of Kraken, one of the world’s largest cryptocurrency exchanges — spoke at length on the potential impact of Bitcoin and its wider adoption.
Countries around the world have since recognised the virtual currency, whose value has fluctuated wildly, peaking at $68,000 in November, 2021.
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
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.”
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Reading List
Practitioners of mindful eating recommend the following books to get you started:
Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung
How to Eat by Thich Nhat Hanh
The Mindful Diet by Dr Ruth Wolever
Mindful Eating by Dr Jan Bays
How to Raise a Mindful Eaterby Maryann Jacobsen
UAE currency: the story behind the money in your pockets
The more serious side of specialty coffee
While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.
The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.
Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”
One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.
Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms.
Killing of Qassem Suleimani
Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
Scoreline
Arsenal 3
Aubameyang (28'), Welbeck (38', 81')
Red cards: El Neny (90' 3)
Southampton 2
Long (17'), Austin (73')
Red cards: Stephens (90' 2)
