President Sheikh Mohamed and Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attended the swearing-in ceremony of the UAE's new Minister of Investment, Mohammed Alsuwaidi, in Abu Dhabi on Thursday.
Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, was also present.
Mr Alsuwaidi, managing director and chief executive of Abu Dhabi-based investment and holding company ADQ, was chosen to head up a newly created ministry aimed at shaping the nation's investment vision.
Sheikh Mohammed confirmed his appointment following a meeting of the UAE Cabinet on Monday.
“The aim of the new ministry is to develop the country's investment vision, stimulate the investment environment internally and continuously enhance the competitiveness of our procedures and legislation to ensure that the country remains a global destination for investment and a major player in the global investment movement,” Sheikh Mohammed wrote on Twitter.
President Sheikh Mohamed congratulated Mr Alsuwaidi on joining the country's ministerial ranks at the ceremony held at Qasr Al Shati in the capital, state news agency Wam reported.
He said national investment was a key priority in the UAE's development journey.
The President underlined the ministry's goals to enhance the country's economic standing by cultivating an environment attractive to investment.
The reception was attended by a number of ministers and officials, including Sheikh Maktoum bin Mohammed, Deputy Prime Minister, Minister of Finance and First Deputy Ruler of Dubai, Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of the Interior, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and Mariam Al Mheiri, Minister of Climate Change and Environment, and Minister of State for Food Security.
Besides heading ADQ, Mr Alsuwaidi holds several other positions. He is chairman of the Abu Dhabi National Energy Company, better known as Taqa, Pure Health and ADC Acquisition Corporation, according to ADQ’s website.
Mr Alsuwaidi is also deputy chairman of Abu Dhabi’s clean energy company Masdar and second vice chairman of Aldar Properties.
He is also a board director at Adnoc Distribution, Adnoc Gas, the Abu Dhabi Pension Fund, the Emirates Nuclear Energy Corporation, Louis Dreyfus Company, Al Dahra Holding, Lulu Group International and MiZa.
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1 Man City 26 20 3 3 63 17 63
2 Liverpool 25 17 6 2 64 20 57
3 Chelsea 25 14 8 3 49 18 50
4 Man Utd 26 13 7 6 44 34 46
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6 Arsenal 23 13 3 7 36 26 42
7 Wolves 24 12 4 8 23 18 40
8 Tottenham 23 12 4 8 31 31 39
What is 'Soft Power'?
Soft power was first mentioned in 1990 by former US Defence Secretary Joseph Nye.
He believed that there were alternative ways of cultivating support from other countries, instead of achieving goals using military strength.
Soft power is, at its root, the ability to convince other states to do what you want without force.
This is traditionally achieved by proving that you share morals and values.
Killing of Qassem Suleimani
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
How to donate
Send “thenational” to the following numbers or call the hotline on: 0502955999
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Despacito's dominance in numbers
Released: 2017
Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon
Views: 5.3 billion on YouTube
Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification
Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.
Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards
WISH
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