Sheikh Mohammed bin Rashid on Thursday reshuffled the UAE Cabinet.
New ministers for artificial intelligence and food security, with a continuing emphasis on youth, were among the new posts announced by the Vice President, Prime Minister and Ruler of Dubai.
Read more: Sheikh Mohammed announces UAE Cabinet reshuffle
Below is the new UAE Cabinet list:
Sheikh Mohammed bin Rashid, Vice President, Prime Minister, Ruler of Dubai and Minister of Defence.
Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior
Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs
Sheikh Hamdan bin Rashid, Minister of Finance
Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Cooperation
Sheikh Nahyan bin Mubarak, Minister of State for Tolerance
Mohammed Al Gergawi, Minister of State for Cabinet Affairs and the Future
Sultan bin Saeed Al Mansouri, Minister of Economy
Abdul Rahman Al Owais, Minister of Minister of State for Federal National Council Affairs and Minister of Health
Dr Anwar Gargash, Minister of State for Foreign Affairs
Obaid Al Tayer, Minister of State for Financial Affairs
Reem Al Hashimi, Minister of State for International Cooperation
Suhail Al Mazroui, Minister of Energy and Industry
Hussain Al Hammadi, Minister of Education
Dr Abdullah Al Nuaimi, Minister of Infrastructure Development
Sultan Al Badi, Minister of Justice
Mohammed Al Bowardi, Minister of State for Defence
Noura Al Kaabi: Minister of Culture and Knowledge Development
Dr Al Thani Al Zeyoudi, Minister of Environment and Climate Change
Nasser Thani Al Hameli: Minister of Human Resources and Emiratisation
Hessa Buhumaid: Minister of Community Development
Jameela Al Muhairi, Minister of State for Public Education
Dr Ahmad Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills
Dr Sultan Al Jaber, Minister of State
Dr Maitha Al Hashimi, Minister of State
Ohood Al Roumi, Minister of State for Happiness
Shamma Al Mazrui, Minister of State for Youth Affairs
Zaki Nusseibeh, Minister of State
Mariam Al Muhairi, Minister of State
Sara Al Amiri, Minister of State
Omar Al Olama, Minister of State for Artificial Intelligence
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Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
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Junichiro Tamizaki
Translated by Paul McCarthy
Daunt Books
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
SPECS
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
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Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.
A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.
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Company profile
Name: WonderTree
Started: April 2016
Co-founders: Muhammad Waqas and Muhammad Usman
Based: Karachi, Pakistan, Abu Dhabi, UAE, and Delaware, US
Sector: Special education, education technology, assistive technology, augmented reality
Number of staff: 16
Investment stage: Growth
Investors: Grants from the Lego Foundation, UAE's Anjal Z, Unicef, Pakistan's Ignite National Technology Fund
Bridgerton season three - part one
Directors: Various
Starring: Nicola Coughlan, Luke Newton, Jonathan Bailey
Rating: 3/5
