Minister of Culture and Youth Noura Al Kaabi says she was overjoyed when President Sheikh Mohamed spoke about the strong cultural links shared by the UAE and France during his visit to Paris this week.
The cultural relationship between the UAE and France is a top priority, she told The National.
Ms Al Kaabi, who was part of the UAE delegation that went to France, said she was immensely proud when she heard the words of Sheikh Mohamed at a banquet on Monday hosted by French President Emmanuel Macron at the Palace of Versailles.
"It is true that we have political and economic ties, but our cultural co-operation represents our utmost collaboration and this mirrors the quality of this strategic partnership," Sheikh Mohamed said.
The President's words bear testimony to the cultural links between the UAE and France, Ms Al Kaabi said.
“The French Minister of Culture and I looked at each other and smiled the moment our President said that," she said.
"That sentence reminds us that we have a very important job to do and make sure that we don't lose that [trust and faith].”
Ms Al Kaabi said she hopes that countries such as France get to know the UAE and its people better and understand that the country has much more to offer than its five-star hotels and high-rise buildings.
“I would like them to know how different the UAE is," she said.
"Emiratis and people from more than 200 nationalities who call the UAE home have uniquely different sets of values.
"The different nationalities, the projects, the leadership, our beautiful federal system, make our model very different, one that we should appreciate.
“We signed the Abrahamic Accords, we're a country that is interested in dialogue. So I hope people from other countries understand our values, what we like to eat and how we dress, and things that are beyond the glitz and glamour that the UAE is known for.
“The social fabric is something that is really important to consider. And, of course, you know, we have lots of other things to share, whether it's our students who are making us proud, the individuals who are representing us at entities like UNESCO and our movements.
"The UAE has seven emirates and each has its own cultural offerings, and we want to extend that.”
President Sheikh Mohamed visits Paris - in pictures
UAE's Spirit of Mosul initiative
The UAE has taken on a major role in cultural diplomacy by supporting artists from the UAE and abroad and reviving buildings of historical and cultural importance.
The country's flagship initiative 'Revive the Spirit of Mosul' helps in the recovery of one of Iraq's iconic cities.
The UAE is the biggest donor to help restore the historic minarets and churches in Mosul, which were devastated when ISIS took control of the area.
The project is funded by the UAE, which gave $50 million to the UN agency.
Reviving Mosul is not only about rebuilding heritage sites, but also about empowering the local population as agents of change involved in the process of rebuilding their city.
“I think the most symbolic and most important outcome of this is seeing the youth of Mosul, talking about the project more than anyone else, more than us, or more than the Unesco,” Ms Al Kaabi said.
Outside the Middle East, the UAE has helped to restore a theatre at Fontainebleau to its original glory.
Restoration of artefacts at Mosul Museum- in pictures
The UAE is also the only country in the world that shares the iconic Louvre Museum. There will also be upcoming exhibitions showcasing the work of Emirati artists in France.
“The Louvre is not just the beautiful façade, it is the institution and everything that comes with it,” Ms Al Kaabi said.
“A story that I always enjoy telling is about the role of Emiratis at the Louvre in Abu Dhabi - when it was inaugurated.
"Their role was mainly limited to protocol but today you see them in curation and tomorrow, you'll hopefully see one of them as the director of the museum.
"I think this is the journey that we want to work on. And the journey doesn't stop there, it doesn't stop in the UAE, it goes beyond the borders in the different partnerships we have in terms of how we can protect and preserve indigenous cultural heritage, and cultural sites that suffered from conflicts.”
Another project where both France and the UAE are major stockholders is ALIPH — the International Alliance for the Protection of Heritage in Conflict Areas.
ALIPH has supported more than 100 projects to protect museums, libraries, and archives.
“We believe our future is an extension of our history. It's something that we share with the French and we want to build on it,” she said.
“Another aspect that we are discussing, and I talked about it with the French minister of culture, is that we want to do more when it comes to creative industries, gaming, fashion designing, film production, and I feel there is a lot to do in these areas."
The Ministry of Culture and Youth and the Department of Culture and Tourism - Abu Dhabi will help three artists from the UAE to perform at the Biennale de Lyon, an international contemporary art event in France, next September.
On film production, Ms Al Kaabi said: “We have waited too long that we better do it right now. It's never about the glitzy film festivals. It's about the content that you create, and how you make it travel around the world or inspire your own community. Hopefully, I'll be able to share with you some news soon.”
During her visit to France, Ms Al Kaabi also visited the office of the Permanent Delegation of the UAE to Unesco, Wam news agency said.
The re-opening of the newly renovated office coincides with the 50th anniversary of the year the UAE became a Unesco member state in 1972.
During the visit, Ms Al Kaabi met with officials and staff and saw pieces by Emirati artists such as Mohammed Ahmed Ibrahim, Afra Al Dhaheri, Mohammed Kazem, Nasser Nasrallah, and others.
The office provides a space for visitors to experience both the culture and traditions of the UAE, as well as its contemporary art.
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
RESULT
Los Angeles Galaxy 2 Manchester United 5
Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')
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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
Evacuations to France hit by controversy
- Over 500 Gazans have been evacuated to France since November 2023
- Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
- The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
- Artists and researchers fall under a programme called Pause that began in 2017
- It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
- Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
- Unlike students, they are allowed to bring their families to France
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Zayed Sustainability Prize
Company%C2%A0profile
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SPEC%20SHEET
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Results
Stage 7:
1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29
2. Sam Bennett (IRL) Deceuninck-QuickStep - same time
3. Phil Bauhaus (GER) Bahrain Victorious
4. Michael Morkov (DEN) Deceuninck-QuickStep
5. Cees Bol (NED) Team DSM
General Classification:
1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28
2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35
3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02
4. Chris Harper (AUS) Jumbo-Visma - 0:01:42
5. Neilson Powless (USA) EF Education-Nippo - 0:01:45
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
PROFILE OF CURE.FIT
Started: July 2016
Founders: Mukesh Bansal and Ankit Nagori
Based: Bangalore, India
Sector: Health & wellness
Size: 500 employees
Investment: $250 million
Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)
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.”
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
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- DLD registration fee can be paid through banks or credit cards at zero interest rates
Racecard:
2.30pm: Hamdan bin Rashid Al Maktoun Emirates Breeders Society Challenge; Conditions (PA); Dh40,000; 1,600m
3pm: Handicap; Dh80,000; 1,800m
3.30pm: Jebel Ali Mile Prep Rated Conditions; Dh110,000; 1,600m
4pm: Handicap; Dh95,000; 1,950m
4.30pm: Maiden; Dh65,000; 1,400m
5pm: Handicap; Dh85,000; 1,200m
Rooney's club record
At Everton Appearances: 77; Goals: 17
At Manchester United Appearances: 559; Goals: 253
Age 26
Born May 17, 1991
Height 1.80 metres
Birthplace Sydney, Australia
Residence Eastbourne, England
Plays Right-handed
WTA titles 3
Prize money US$5,761,870 (Dh21,162,343.75)
Wins / losses 312 / 181