• President Sheikh Mohamed and Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, tour the 2023 Dubai Airshow. Hamad Al Kaabi / UAE Presidential Court
    President Sheikh Mohamed and Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, tour the 2023 Dubai Airshow. Hamad Al Kaabi / UAE Presidential Court
  • President Sheikh Mohamed and Sheikh Mansour tour the Dubai Airshow at Dubai World Central. Mohamed Al Hammadi / UAE Presidential Court
    President Sheikh Mohamed and Sheikh Mansour tour the Dubai Airshow at Dubai World Central. Mohamed Al Hammadi / UAE Presidential Court
  • Dubai Airshow features more than 1,400 exhibitors. Hamad Al Kaabi / UAE Presidential Court
    Dubai Airshow features more than 1,400 exhibitors. Hamad Al Kaabi / UAE Presidential Court
  • Sheikh Mansour views an exhibit at the Dubai Airshow. Mohamed Al Hammadi / UAE Presidential Court
    Sheikh Mansour views an exhibit at the Dubai Airshow. Mohamed Al Hammadi / UAE Presidential Court
  • President Sheikh Mohamed with exhibitors at the airshow. Hamad Al Kaabi / UAE Presidential Court
    President Sheikh Mohamed with exhibitors at the airshow. Hamad Al Kaabi / UAE Presidential Court
  • President Sheikh Mohamed greets an exhibitor. Mohamed Al Hammadi / UAE Presidential Court
    President Sheikh Mohamed greets an exhibitor. Mohamed Al Hammadi / UAE Presidential Court
  • President Sheikh Mohamed and Sheikh Mansour with an exhibitor. Hamad Al Kaabi / UAE Presidential Court
    President Sheikh Mohamed and Sheikh Mansour with an exhibitor. Hamad Al Kaabi / UAE Presidential Court
  • President Sheikh Mohamed and Sheikh Mansour at Dubai Airshow. The event features more than 180 aircraft flying and on static display. Hamad Al Kaabi / UAE Presidential Court
    President Sheikh Mohamed and Sheikh Mansour at Dubai Airshow. The event features more than 180 aircraft flying and on static display. Hamad Al Kaabi / UAE Presidential Court
  • President Sheikh Mohamed and Sheikh Mansour with exhibitors. Hamad Al Kaabi / UAE Presidential Court
    President Sheikh Mohamed and Sheikh Mansour with exhibitors. Hamad Al Kaabi / UAE Presidential Court
  • President Sheikh Mohamed at Dubai Airshow. More than 90 per cent of exhibitors rate the event as the most important aerospace event for their business, say organisers. Hamad Al Kaabi / UAE Presidential Court
    President Sheikh Mohamed at Dubai Airshow. More than 90 per cent of exhibitors rate the event as the most important aerospace event for their business, say organisers. Hamad Al Kaabi / UAE Presidential Court
  • President Sheikh Mohamed inspects the interior of an aircraft on display. Mohamed Al Hammadi / UAE Presidential Court
    President Sheikh Mohamed inspects the interior of an aircraft on display. Mohamed Al Hammadi / UAE Presidential Court
  • President Sheikh Mohamed and Sheikh Mansour inspect an engine exhibit. Hamad Al Kaabi / UAE Presidential Court
    President Sheikh Mohamed and Sheikh Mansour inspect an engine exhibit. Hamad Al Kaabi / UAE Presidential Court
  • President Sheikh Mohamed greets an exhibitor. Hamad Al Kaabi / UAE Presidential Court
    President Sheikh Mohamed greets an exhibitor. Hamad Al Kaabi / UAE Presidential Court
  • President Sheikh Mohamed tours the Dubai Airshow. The event runs until November 17. Hamad Al Kaabi / UAE Presidential Court
    President Sheikh Mohamed tours the Dubai Airshow. The event runs until November 17. Hamad Al Kaabi / UAE Presidential Court

UAE

Government

President Sheikh Mohamed says Dubai Airshow's success reflects UAE's global standing

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, and Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, also toured the airshow on Wednesday

The National

November 15, 2023

  • English
  • Arabic

President Sheikh Mohamed has said the Dubai Airshow embodies the UAE's position as a leading force in the global aviation industry.

Sheikh Mohamed made the comments as he visited the show, which has been taking place in Dubai since Monday.

He also emphasised the importance of the aviation industry, which has the knock-on effect of stimulating growth in several related sectors.

“The continuous success the air show achieves is an embodiment of the UAE's position as an influential partner in the aviation industry,” said Sheikh Mohamed, in comments carried by state news agency Wam.

“The exhibition is a global platform that brings together decision makers, sector leaders, experts and stakeholders who discuss the latest innovative solutions and future trends in developing the world of aviation and creating a better future for this sector.

“The aviation sector represents one of the most important vital fields that stimulate and support the growth of many sectors related to this industry.”

Sheikh Mohamed was accompanied by Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court.

Also visiting the airshow on Wednesday was Sheikh Hamdan bin Mohammed, Crown Prince of Dubai.

Sheikh Hamdan hailed the event's “growing status as a platform for the global aviation sector to explore new opportunities for growth and innovation”.

“The growing international significance of the trade show is reflected in the multibillion-dollar deals signed during this year’s event,” he said.

“The economic impact of the event highlights the role it plays in fostering global co-operation and sustainable technologies in the aviation industry.”

Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, also toured the event, which he said strengthened the UAE’s position as a major global aerospace player and a hub for innovation.

“The Dubai Airshow reflects the UAE’s strategic focus on integrating aerospace innovation with advanced technology and sustainability,” he said.

The Dubai Airshow is taking place at Al Maktoum International Airport until November 17.

  • Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, takes a tour of the Dubai Airshow. All photos: Wam
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, takes a tour of the Dubai Airshow. All photos: Wam
  • Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, attends the Dubai Airshow
    Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, attends the Dubai Airshow
  • Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, hailed the event's 'growing status as a platform for the global aviation sector to explore new opportunities for growth and innovation'.
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, hailed the event's 'growing status as a platform for the global aviation sector to explore new opportunities for growth and innovation'.
  • Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, reviews the latest innovations in the aviation sector at the event
    Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, reviews the latest innovations in the aviation sector at the event
  • 'The growing international significance of the trade show is reflected in the multibillion-dollar deals signed during this year’s event,' Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, said of the event
    'The growing international significance of the trade show is reflected in the multibillion-dollar deals signed during this year’s event,' Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, said of the event
  • Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, visits the Dubai Airshow, which is taking place at Al Maktoum International Airport until November 17
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, visits the Dubai Airshow, which is taking place at Al Maktoum International Airport until November 17
  • 'The economic impact of the event highlights the role it plays in fostering global co-operation and sustainable technologies in the aviation industry,' said Sheikh Hamdan bin Mohammed, Crown Prince of Dubai
    'The economic impact of the event highlights the role it plays in fostering global co-operation and sustainable technologies in the aviation industry,' said Sheikh Hamdan bin Mohammed, Crown Prince of Dubai
  • Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, speaks to experts at the air show
    Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, speaks to experts at the air show
Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

Avatar: Fire and Ash

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Rating: 4.5/5

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The Bloomberg Billionaire Index in full

1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion

UAE currency
Updated: November 16, 2023, 8:39 AM
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