Sheikh Mohammed bin Rashid pledged on Saturday that the Emirates would be the fastest country to recover in the world from the Covid-19 pandemic and will begin next year, in which the UAE will mark its 50th anniversary, with a number of major new projects.
Dubai is preparing to host the Gitex technology exhibition this week, a critical moment for the emirate's business and trade environment.
“Gitex will be the most important and realistic global technical event in 2020 and the UAE will be the fastest country to recover in the world,” said Sheikh Mohammed, Vice President and Ruler of Dubai.
“Our institutions have proven their ability to adapt. We will conclude 2020 with a global event and we will start 2021 with a series of projects and major initiatives. [Next year is] our 50th anniversary and our golden jubilee, and it will be different from all years.”
From Sunday, 1,200 companies from 60 countries will display the latest technology at the 40th Gitex.
“[The event will have] the participation of 200 important technology investment companies and 350 speakers in artificial intelligence, smart cities, financial technology, the future of education and health, and the future of remote work,” Sheikh Mohammed said.
Gitex 2020 is one of the first major events in the emirate that people will be able to attend physically and it will run from December 6 to 9 at the World Trade Centre amid strict Covid-19 precautionary safety measures.
Dubai has slowly resumed all business and trade activities, such as exhibitions and conferences.
The emirate held its first business conference in July, nearly four months after events were postponed or cancelled in March to control the spread of the coronavirus.
The UAE recorded 1,214 Covid-19 cases on Saturday, bringing its total number of infections to 175,276.
A further 670 people were given the all clear, taking the recovery tally to 158,498.
Three patients died, pushing the country's death toll to 589.
The latest cases were identified after 83,146 additional tests were carried out in the past 24 hours.
The UAE has carried out more 17.3 million tests since the outbreak began as part of a mass screening strategy aimed to limit the spread of the virus.
The number of active cases in the Emirates is 16,189.
On Saturday, the price of PCR tests was reduced to Dh85 at all Seha testing centers in Abu Dhabi to encourage more people to get tested for Covid-19.
Globally there have been about 66 million reported cases and more than 1.5 million deaths. Almost 46 million people have recovered.
Gitex 2019 in pictures
Profile of Tarabut Gateway
Founder: Abdulla Almoayed
Based: UAE
Founded: 2017
Number of employees: 35
Sector: FinTech
Raised: $13 million
Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
SQUADS
Pakistan: Sarfraz Ahmed (capt), Azhar Ali, Shan Masood, Sami Aslam, Babar Azam, Asad Shafiq, Haris Sohail, Usman Salahuddin, Yasir Shah, Mohammad Asghar, Bilal Asif, Mir Hamza, Mohammad Amir, Hasan Ali, Mohammad Abbas, Wahab Riaz
Sri Lanka: Dinesh Chandimal (capt), Lahiru Thirimanne (vice-capt), Dimuth Karunaratne, Kaushal Silva, Kusal Mendis, Sadeera Samarawickrama, Roshen Silva, Niroshan Dickwella, Rangana Herath, Lakshan Sandakan, Dilruwan Perera, Suranga Lakmal, Nuwan Pradeep, Vishwa Fernando, Lahiru Gamage
Umpires: Ian Gould (ENG) and Nigel Llong (ENG)
TV umpire: Richard Kettleborough (ENG)
ICC match referee: Andy Pycroft (ZIM)
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
The years Ramadan fell in May
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.
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ICC Women's T20 World Cup Asia Qualifier 2025, Thailand
UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final