Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, opened Facebook operator Meta's new regional headquarters in Dubai on Tuesday.
He said the establishment of the base in Dubai Internet City reflected the emirate's growth as a global business hub.
He hailed the latest addition to Dubai's roster of major firms as further evidence of the desire of the world's largest technological companies to do business in Dubai.
The inauguration was attended by Sheryl Sandberg, chief operating officer of Meta.
The new headquarters will serve the Middle East and North Africa (Mena) region and will house more than 100 employees.
"Dubai continues to consolidate its partnerships with global technology players as part of its ambitious vision to shape the future," Sheikh Hamdan wrote on Twitter.
"From its new base in Dubai, Meta will serve its markets in the Middle East and North Africa region and support three billion users of its platforms worldwide."
Sheikh Hamdan was joined on his tour by Omar Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Mohamed Al Hussaini, Minister of State for Financial Affairs; Helal Saeed Al Marri, director general of Dubai’s Department of Economy and Tourism, Ahmad Abdullah bin Byat, vice chairman of the board of Dubai Chamber of Digital Economy, and Malek Al Malek, director general of Dubai Development Authority and group chief executive of Tecom Group.
“Our leadership’s vision to cement an enabling and competitive business environment has attracted some of the world’s leading players to Dubai, especially in the technology sector, and enabled them to expand in the region and beyond," Mr Al Malek said.
"Our group’s business districts including Dubai Internet City have been at the forefront of efforts to deliver on this vision and the cornerstone of the region’s economic growth and digital transformation journey for the past two decades by providing a world-class ecosystem that attracted a pool of 95,000 best-in-class talent.
"Meta has been part of this journey for the past decade. It is rewarding to see their growth and expansion across the region, as it demonstrates the region’s potential and growing demand for innovation and advanced technologies."
Sheryl Sandberg said the UAE's "culture of innovation" matched Meta's ambitious vision.
"This office represents our commitment to the millions of people who use our platforms to express themselves, stay connected to their loved ones and their communities, and start and grow businesses," she said.
"There is a culture of innovation in the UAE that fits with the spirit of our company. We share an excitement about the economic and social opportunities that a connected world can create. The talent and creativity of people across the region will be crucial as we embark on the next chapter for our company – helping to build the metaverse.
"It is no coincidence that we selected March 8 for our office opening. We chose to do it on International Women’s Day as a sign of our continued commitment to empowering women, here in Dubai and around the world.”
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
Company profile
Date started: Founded in May 2017 and operational since April 2018
Founders: co-founder and chief executive, Doaa Aref; Dr Rasha Rady, co-founder and chief operating officer.
Based: Cairo, Egypt
Sector: Health-tech
Size: 22 employees
Funding: Seed funding
Investors: Flat6labs, 500 Falcons, three angel investors
2019 Asian Cup final
Japan v Qatar
Friday, 6pm
Zayed Sports City Stadium, Abu Dhabi
Notable groups (UAE time)
Jordan Spieth, Si Woo Kim, Henrik Stenson (12.47pm)
Justin Thomas, Justin Rose, Louis Oosthuizen (12.58pm)
Hideki Matsuyama, Brooks Koepka, Tommy Fleetwood (1.09pm)
Sergio Garcia, Jason Day, Zach Johnson (4.04pm)
Rickie Fowler, Paul Casey, Adam Scott (4.26pm)
Dustin Johnson, Charl Schwartzel, Rory McIlroy (5.48pm)
hall of shame
SUNDERLAND 2002-03
No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.
SUNDERLAND 2005-06
Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.
HUDDERSFIELD 2018-19
Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.
ASTON VILLA 2015-16
Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.
FULHAM 2018-19
Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.
LA LIGA: Sporting Gijon, 13 points in 1997-98.
BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66
Panipat
Director Ashutosh Gowariker
Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment
Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman
Rating 3 /5 stars
