Abu Dhabi Inspires: new campaign seeks opportunity from adversity

A series of initiatives aimed at turning the adversity caused by the Covid-19 outbreak into opportunity was launched by Sheikh Khalid bin Mohamed on Monday.

The campaign, Abu Dhabi Inspires, aims to encourage innovation and creativity to help turn the hardship facing society into a means for development.

"At the most challenging times, innovation brings new perspectives and creates a path forward," said Sheikh Khalid, Chairman of the Abu Dhabi Executive Office.

"Through Abu Dhabi Inspires, we seek to support timely concepts, substantial ideas and fresh solutions, exploring possibilities that can reshape our world."

Initiatives under Abu Dhabi Inspires will be developed by the government and community to address three main pillars.

The first is virtual experiences where people connect online to educate, engage and entertain, with a focus on youth and skills development.

The second is investing in game-changing sectors for Abu Dhabi and the world, with a focus on tech-based innovation.

And finally there is community solidarity, enhancing social consciousness and personal well-being through educational and motivational activities.

Initiatives led by government bodies are expected to be announced in coming weeks.

Each one must provide new possibilities in the short term but still contribute to Abu Dhabi's long-term goals, the Abu Dhabi government said.

The Department of Community Development Abu Dhabi launched a campaign with similar goals.

Backed by Sheikha Fatima, the Mother of the Nation, Bode Well encourages community support for one another amid the coronavirus outbreak.

It will do this through initiatives centred on creating a positive and peaceful atmosphere among all sectors of society.

HAJJAN

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Have you been targeted?

Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:

1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.

2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.

3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.

4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.

5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.

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At a glance - Zayed Sustainability Prize 2020

Launched: 2008

Categories: Health, energy, water, food, global high schools

Prize: Dh2.2 million (Dh360,000 for global high schools category)

Winners’ announcement: Monday, January 13

Impact in numbers

335 million people positively impacted by projects

430,000 jobs created

10 million people given access to clean and affordable drinking water

50 million homes powered by renewable energy

6.5 billion litres of water saved

26 million school children given solar lighting

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