Sheikh Nahyan bin Mubarak, the Minister of Tolerance. Khushnum Bhandari / The National
Sheikh Nahyan bin Mubarak, the Minister of Tolerance. Khushnum Bhandari / The National
Sheikh Nahyan bin Mubarak, the Minister of Tolerance. Khushnum Bhandari / The National
Sheikh Nahyan bin Mubarak, the Minister of Tolerance. Khushnum Bhandari / The National

Exclusive: Sheikh Nahyan on the importance of religion as a positive force


Balquees Basalom
  • English
  • Arabic

Religion is a positive force in the world and, in the UAE, everyone is free to practice their faith in peace.

That is the message Sheikh Nahyan bin Mubarak hopes to deliver two weeks before the UAE enters the Year of Tolerance.

Speaking exclusively to The National, the Minister of Tolerance said the UAE's focus next year will be to promote peaceful coexistence and an open, respectful dialogue among the country's diverse population.

"Our focus should always be on bringing down the walls of misunderstanding and reviving the traditions of tolerance and useful exchange of ideas and concerns,” he said on Wednesday.

He said President Sheikh Khalifa’s announcement declaring 2019 as the Year of Tolerance could not have been more perfectly timed.

“Having 2019 as the Year of Tolerance comes as a natural extension of the Year of Zayed in 2018,” he said.

“Our leaders recognise that the world needs to be reminded of the importance of tolerance to peace, security and prosperity.”

He said next year will be key in promoting the UAE’s model of tolerance and “prosperous coexistence to the wold.”

The Year of Tolerance will make a strong start with a landmark visit to Abu Dhabi from Pope Francis scheduled in February — the pontiff’s first trip to the Gulf.

“It is indeed an honour to welcome His Holiness the Pope to our country,” said Sheikh Nahyan.

“The visit of Pope Francis is a celebration of the value of dialogue among peoples of different religions and beliefs.

"It clearly shows that dialogue does not require us to abandon our identities but it means holding our deepest differences not in isolation, but in relationship to one another.”

The pope’s highly publicised visit will include delivering Mass to more than 100,000 people.

Sheikh Nahyan bin Mubarak, the Minister of Tolerance, at his home on December 19, 2018. Khushnum Bhandari for The National
Sheikh Nahyan bin Mubarak, the Minister of Tolerance, at his home on December 19, 2018. Khushnum Bhandari for The National

“We look forward to seeing the Sheikh Zayed Sports City full of worshippers,” Sheikh Nahyan said. “We recognise the role of religion as a major positive force in this world.”

Residents from almost every country in the world live in the Emirates and Sheikh Nahyan said he believes the reason for this is the country's respect for diversity.

“All new arrivals to our country come to understand this quickly and readily and for some it is a surprise but all thrive because of it,” he said.

“Our Arabic-Islamic heritage has enabled us to engage our extremely diverse population. We have welcomed them, engaged them in dialogue, sought to understand our differences, and rejoiced in our shared values.”

The tolerance established within the country is the result of a strong foundation, he said.

Values of peaceful coexistence and harmonious integration have been championed in the UAE since before the formation of the emirates by Sheikh Shakhbut bin Sultan, who ruled Abu Dhabi until 1966, and then by the Founding Father Sheikh Zayed.

"When the late Sheikh Zayed established our nation, he acted on the strong belief that honest, good-faith dialogue among people of diverse cultures and backgrounds will help to make our society to be peaceful and prosperous," Sheikh Nahyan said.

Tolerance has since become institutionalised in legislation — with the anti-discrimination law — and in schools where young men and women are being trained to become “Champions of Tolerance”.

"We in the UAE know full well that tolerance does not flourish without hard work. Thus, we are focused on ensuring that the educational experience of our country’s young men and women results in their understanding the necessary value of tolerance.”

He said young people will have a key role to play during the Year of Tolerance.

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Read more:

How a mother's message to Sheikh Zayed and Sheikh Shakhbut opened the way to tolerance and understanding

Sheikh Mohammed bin Rashid forms UAE tolerance committee

National Editorial: Year of Tolerance is a celebration of humanity

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“Young people have passion, they have enthusiasm, they have boundless energy, they are optimistic, they care about others and the world will be a better place because of them,” he said.

Plans for the Year of Tolerance are now under way with the aim of promoting understanding in all forms of communication.

The Government will support this through “societal and legislative initiatives that fight hate, promote mutual respect, and celebrate our shared human values," Sheikh Nahyan said.

The Ministry of Tolerance will organise activities, with its many partners, that satisfy the goals outlined by the President and the Cabinet-approved National Tolerance Programme.

"The declaration and the programme focus on five major areas: the government as an incubator of tolerance; the family and tolerance; youth and tolerance; research and knowledge development; and the UAE’s international obligations in the field of tolerance and coexistence," Sheikh Nahyan said.

Through its activities, the ministry aims to fight prejudice, ignorance, fear and hate, and to promote dialogue and mutual respect.

Sheikh Nahyan called on all religious, ethnic and community groups to be get involved and in the planned initiatives and activities to make the year a success.

He said that it is a tremendous privilege and responsibility to be the world’s first and only Minister of Tolerance but that his success could be measured “by the extent to which we can involve all members of the whole society in our work".

“Next year will allow all of the people of the UAE a chance to reflect on what they have achieved together in this pluralistic and brilliantly diverse country".

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COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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%3Cp%3EAl%20Khayma%0D%3Cbr%3EBait%20Maryam%0D%3Cbr%3EBrasserie%20Boulud%0D%3Cbr%3EFi'lia%0D%3Cbr%3Efolly%0D%3Cbr%3EGoldfish%0D%3Cbr%3EIbn%20AlBahr%0D%3Cbr%3EIndya%20by%20Vineet%0D%3Cbr%3EKinoya%0D%3Cbr%3ENinive%0D%3Cbr%3EOrfali%20Bros%0D%3Cbr%3EReif%20Japanese%20Kushiyaki%0D%3Cbr%3EShabestan%0D%3Cbr%3ETeible%3C%2Fp%3E%0A
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3. Hajj

4. Shahada

5. Zakat 

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Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

The specs

Engine: 6.2-litre V8

Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

Price: Dh325,125

On sale: Now

AUSTRALIA SQUAD

Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle

The bio:

Favourite film:

Declan: It was The Commitments but now it’s Bohemian Rhapsody.

Heidi: The Long Kiss Goodnight.

Favourite holiday destination:

Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.

Heidi: Australia but my dream destination would be to go to Cuba.

Favourite pastime:

Declan: I love brunching and socializing. Just basically having the craic.

Heidi: Paddleboarding and swimming.

Personal motto:

Declan: Take chances.

Heidi: Live, love, laugh and have no regrets.

 

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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Hydrogen: Market potential

Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.

"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.

Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.

The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

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