Hundreds of 'futurists' from around the world will convene in the UAE for the first Dubai Future Forum, which will be held on October 10 and 11.
It was announced on Tuesday by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, that the emirate would host about 400 forward thinkers from around the world for the forum held at the Museum of the Future.
Guests will include thought leaders and specialists from more than 15 organisations and institutions to debate and discuss the next few decades for humanity.
“The Forum will focus on exploring and shaping the future by discussing changes that matter to our daily lives, investing in opportunities and preparing the world for potential risks," said Sheikh Hamdan on his official website.
"The UAE’s real strength is in its developmental model that is based on foresight and collaborating with the best ideas and minds to build the best future for human communities.
“We want to be proactive in designing and making the future and preparing for its changes. We have great ambitions and a long-term vision. Dubai and the UAE will always have a passion for the future.”
The forum will consist of four main themes: the future of the world, values and humanity, existential risks and anticipating future changes.
These topics will be discussed over two days and throughout 30 sessions.
The Museum of the Future opened in February. Spanning an area of 30,000 square metres, the seven-storey pillarless structure stands 77 metres tall. The stainless steel facade, which extends to more than 17,000 square metres, is illuminated by 14,000 metres of Arabic calligraphy.
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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The Bloomberg Billionaire Index in full
1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion
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Our Time Has Come
Alyssa Ayres, Oxford University Press
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