From huge 3D talking heads to the latest prototype in flying cars and automated taxis, Gitex 2022 launched in Dubai with an array of new science and technology innovations to explore.
The five-day tech event opened on Monday with 5,000 companies across two million square feet of exhibition space — a 25 per cent year-on-year increase — divided into 26 halls.
One of the world's largest tech shows offers an opportunity for companies from across the region to showcase their latest innovations alongside some of the global tech giants.
For others, it's an opportunity to show what the future will look like.
Government departments show how the Metaverse - an online virtual world - can help with urban development by simulating the planning of new areas via a digital twin of Dubai.
Dubai Municipality displays how low-altitude corridors and vertiports for unmanned drones are being developed to provide new services in air mobility, air freight, logistics and aerial surveys.
Dubai Electricity and Water Authority shows how it would use its Mwafeq four-legged robot to inspect and audit stations and read meters in remote areas.
Next generation of flying cars
A two-seater flying car - the Chinese-made prototype Xpeng X2 - is also set to be unveiled at the annual technology exhibition staged at Dubai World Trade Centre.
The carbon fibre vehicle can travel with two passengers at speeds approaching 130 kilometres per hour and can fly for around 30 minutes per charge.
Dr Liu Xinying, head of aviation affairs at Aeroht, an affiliate of Xpeng motors, said the prototype is the latest stage of innovation in the aerial passenger drone market.
“We cannot go into costs, but we are putting this experience we have learned into the next generation of flying cars,” he said.
“The first phase will see these vehicles tested in certain regulated areas to lower the operational costs and risks. We hope to achieve that within two-three years.
“The second phase of development will be from point A to B and the third phase will see these used in urban mobility in a city with door-to-door delivery, for example.
“Logistics will be used ahead of passenger transport. The challenge is how to manage this ecosystem.”
The company is working on a sixth generation of a flying car that can take off and land vertically, with autonomous flight path planning.
It is scheduled to be mass produced and delivered in 2024.
Autonomous vehicles on the way
Dubai's first driverless taxis were on display at Gitex, with Roads and Transport Authority-branded Cruise Origin vehicles on show.
Mattar Al Tayer, the authority's director general, said they would be “deployed in limited numbers next year”, with plans to expand their numbers over time.
Another autonomous vehicle on show during the exhibition was the Taxi Minibus, due to be used for the first time during the Etihad Airways Abu Dhabi Grand Prix on November 26.
The bus will stop off at eight points on Yas Island and seats up to seven passengers at a time. LED screens inside the cabin show passengers a route map with stop-off points and another will screen entertainment.
“It will stop at the main entertainment spots on Yas Island,” he said.
“During the next testing phase, we will operate the Minibus on Sadiyaat Island at some point in 2023. It will be free of charge to use, as we want to encourage more people to use this kind of transport.
“There are many people living in this area so we hope it will be well used."
Fewer human interactions
Other exhibitions included a giant 3D head from the General Directorate of Residency and Foreigners Affairs (GDRFA) that shows how biometrics would become more widely used outside of airports and border crossings.
“We are continuously updating our systems to make them faster and more accurate,” said Fatima Al Mazrouei, director of the project management office at the GDRFA.
“We have fewer human interactions with our financial transactions at all our air, land and sea ports.
“If we make sure the quality of the data is high, they can be used by other government and non-government organisations to enhance their customer services.
“Whether residents or tourists, the biometric data such as iris recognition and facial recognition is captured and stored in a secure database.
“The data can be used by entities to identify someone before they use a service, such as airlines, airports or hotels.
“We will eventually open it to malls and other areas to utilise this kind of data.”
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
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CONFIRMED%20LINE-UP
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Who has been sanctioned?
Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.
Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.
Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.
Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.
Did you know?
Brunch has been around, is some form or another, for more than a century. The word was first mentioned in print in an 1895 edition of Hunter’s Weekly, after making the rounds among university students in Britain. The article, entitled Brunch: A Plea, argued the case for a later, more sociable weekend meal. “By eliminating the need to get up early on Sunday, brunch would make life brighter for Saturday night carousers. It would promote human happiness in other ways as well,” the piece read. “It is talk-compelling. It puts you in a good temper, it makes you satisfied with yourself and your fellow beings, it sweeps away the worries and cobwebs of the week.” More than 100 years later, author Guy Beringer’s words still ring true, especially in the UAE, where brunches are often used to mark special, sociable occasions.
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Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Profile
Name: Carzaty
Founders: Marwan Chaar and Hassan Jaffar
Launched: 2017
Employees: 22
Based: Dubai and Muscat
Sector: Automobile retail
Funding to date: $5.5 million
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More coverage from the Future Forum
COMPANY PROFILE
Company name: Blah
Started: 2018
Founder: Aliyah Al Abbar and Hend Al Marri
Based: Dubai
Industry: Technology and talent management
Initial investment: Dh20,000
Investors: Self-funded
Total customers: 40
The biog
Family: He is the youngest of five brothers, of whom two are dentists.
Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.
Where he works: Liberty Dental Clinic
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Barbie
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India team for Sri Lanka series
Test squad: Rohit Sharma (captain), Priyank Panchal, Mayank Agarwal, Virat Kohli, Shreyas Iyer, Hanuma Vihari, Shubhman Gill, Rishabh Pant (wk), KS Bharath (wk), Ravindra Jadeja, Jayant Yadav, Ravichandran Ashwin, Kuldeep Yadav, Sourabh Kumar, Mohammed Siraj, Umesh Yadav, Mohammed Shami, Jasprit Bumrah.
T20 squad: Rohit Sharma (captain), Ruturaj Gaikwad, Shreyas Iyer, Surya Kumar Yadav, Sanju Samson, Ishan Kishan (wk), Venkatesh Iyer, Deepak Chahar, Deepak Hooda, Ravindra Jadeja, Yuzvendra Chahal, Ravi Bishnoi, Kuldeep Yadav, Mohammed Siraj, Bhuvneshwar Kumar, Harshal Patel, Jasprit Bumrah, Avesh Khan
Reputation
Taylor Swift
(Big Machine Records)
Killing of Qassem Suleimani
Killing of Qassem Suleimani
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.”
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
UAE currency: the story behind the money in your pockets
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