Four Emirati ambassadors have been sworn in before President Sheikh Mohamed in Abu Dhabi.
The swearing-in ceremony took place at Qasr Al Bahr on Tuesday.
Sheikh Mohamed received Dr Nariman Al Neyadi, Ambassador to Armenia, Hussain Al Hammadi, Ambassador to China, Mohamed Al Neyadi, Ambassador to Chile, and Hazza Al Kaabi, Ambassador to Cuba.
The President wished the diplomats success in their mission to strengthen relations with China, Chile, Armenia and Cuba.
The new ambassadors thanked Sheikh Mohamed for putting his trust in them and said they were proud to represent the UAE. They pledged to diligently to serve the country.
Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation; Sheikh Mohammed bin Hamad, Adviser for Special Affairs at the Presidential Court; Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and managing director and group chief executive of Adnoc; Ahmed Al Sayegh, Minister of State; and Khalifa Al Marar, Minister of State, were present at the swearing-in ceremony.
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
