Ireland shares an openness to the world with the UAE



Where Irish people go, they make their mark. They play their part in society and contribute to the economy. The history of Ireland since the middle of the 19th century has been marked by emigration - some voluntary but often involuntary - as Irish people sought opportunity. The scale of this emigration has been remarkable. There are 70 million people worldwide who claim some Irish heritage, with the largest communities in Britain and the United States. This migration has helped to shape the history of many nations, including the UAE.

Tom Barry came to the UAE in the 1970s. He is now CEO of Arabtec Construction, having helped to build the company for more than 30 years. Gerald Lawless, another long-term UAE resident, is now executive chairman of Jumeirah Group, a company that has instant brand recognition the world over. Séamus Byrne founded Byrne Rental, which supplies equipment to concerts and other big events across the country. Colm McLoughlin came to the UAE in the early 1980s to help set up Dubai Duty Free and he is still here, having helped to build the world's largest duty free operation. There are many others like them who have come from Ireland to make lasting contributions to the UAE.

I am delighted to celebrate St Patrick's Day, Ireland's national day, as Ireland's first resident ambassador to the UAE. One month ago today, the UAE's first resident ambassador to Ireland, Khaled Lootah, presented his credentials to the president of Ireland, Mary McAleese, completing the exchange of resident embassies between our two countries. This exchange of embassies is a significant step, but it is not the beginning of the relationship. We have some long-standing connections through people and often more visibly, through horses. Ireland was also honoured to be one of the reference points for the Abu Dhabi 2030 plan.

The UAE's ambitious plans for economic growth and expansion have attracted interest from all over the world. These plans have attracted many suitors: individuals, companies and even countries, who want to play their part in this expansion and present themselves as perfect partners. Ireland is anything but a perfect partner. We are a small island, with a small population, on the edge of Europe. We have limited natural resources. Over the last two years, we have faced particular difficulties in the context of the global financial and economic crisis, with a serious knock-on effect on the public finances and the position of our banks.

We have risen to these challenges - the long and short-term ones. In the absence of significant natural resources, we invested in our people through education. Ireland now has one of the most highly skilled, highly educated and productive labour forces in the world. Our energy resources were once thought to be limited but with changing technologies, they can be plentiful. On the edge of the Atlantic Ocean, Irish companies are at the forefront of developing the technology necessary to commercialise windpower. Ireland is also a significant global player in the fields of pharmaceuticals, medical devices and commercial services.

Rather than see our geographical position as a disadvantage, we saw Ireland as a gateway to Europe from the west. The US is the single biggest source of foreign direct investment in Ireland. There are now more than 400 US companies in Ireland, employing more than 90,000 people and in the other direction, there are nearly 200 Irish companies operating in the US, employing over 80,000 people. Our success in attracting foreign direct investment has become a model, in particular for similar sized countries. The remarkable transformation of the Irish economy over the last 20 years is continuing, with the government investing heavily in research and development and fourth-level education.

Today there will be major celebrations of St Patrick's Day all around the world. The Sydney Opera House, the London Eye, and the Empire State Building will all go green. The Taoiseach, Ireland's prime minister, will visit the White House. Irish ministers will visit all corners of the world to promote Ireland and to meet and show their support for Irish communities. As part of this, Ireland's attorney general, Paul Gallagher, is visiting the United Arab Emirates this week to show his support for the thousands of Irish who are making their lives here in the UAE. This is just the latest high-level visit from Ireland to the UAE. Our president, Mary McAleese visited last year, and the then Taoiseach (prime minister) visited in 2007.

At the heart of Ireland's development and success over the last 20 years is an openness to the world, and a willingness to look outward for opportunities, for ideas and for partners. We share these strengths with the UAE; the growing friendship between the two nations is a testament to their value. Our openness extends to welcoming visitors. The country has been blessed with a rich and varied landscape, combining lush greenery with a rugged Atlantic coast. These natural advantages have been matched with the finest tourist infrastructure, but more important is the warm welcome our visitors will encounter whether they are visiting the largest cities or smallest villages.

As the UAE opens an embassy in Dublin, and we open our own in Abu Dhabi, the Irish have particular reason for pride this St Patrick's Day. Ciarán Madden is the Republic of Ireland's ambassador to the UAE

The bio

Favourite book: The Alchemist by Paulo Coelho

Favourite travel destination: Maldives and south of France

Favourite pastime: Family and friends, meditation, discovering new cuisines

Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.

Favourite Author: My father for sure

Favourite Artist: Damien Hurst

MORE FROM CON COUGHLIN
Cultural fiesta

What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421,  Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day. 

Pakistan T20 series squad

Sarfraz Ahmed (captain), Fakhar Zaman, Ahmed Shahzad, Babar Azam, Shoaib Malik, Mohammed Hafeez, Imad Wasim, Shadab Khan, Mohammed Nawaz, Faheem Ashraf, Hasan Ali, Amir Yamin, Mohammed Amir (subject to fitness clearance), Rumman Raees, Usman Shinwari, Umar Amin

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

The specs: 2017 GMC Sierra 1500 Denali

Price, base / as tested Dh207,846 / Dh220,000

Engine 6.2L V8

Transmission Eight-speed automatic

Power 420hp @ 5,600rpm

Torque 624Nm @ 4,100rpm

Fuel economy, combined 13.5L / 100km

How to join and use Abu Dhabi’s public libraries

• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.

• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.

• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.

• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.

• For more information visit the library network's website.

LOVE AGAIN

Director: Jim Strouse

Stars: Priyanka Chopra Jonas, Sam Heughan, Celine Dion

Rating: 2/5

The specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

INDIA'S TOP INFLUENCERS

Bhuvan Bam
Instagram followers: 16.1 million
Bhuvan Bam is a 29-year-old comedian and actor from Delhi, who started out with YouTube channel, “BB Ki Vines” in 2015, which propelled the social media star into the limelight and made him sought-after among brands.
Kusha Kapila
Instagram followers: 3.1 million
Kusha Kapila is a fashion editor and actress, who has collaborated with brands including Google. She focuses on sharing light-hearted content and insights into her life as a rising celebrity.
Diipa Khosla
Instagram followers: 1.8 million
Diipa Khosla started out as a social media manager before branching out to become one of India's biggest fashion influencers, with collaborations including MAC Cosmetics.
Komal Pandey
Instagram followers: 1.8 million
Komal Pandey is a fashion influencer who has partnered with more than 100 brands, including Olay and smartphone brand Vivo India.
Nikhil Sharma
Instagram followers: 1.4 million
Nikhil Sharma from Mumbai began his online career through vlogs about his motorcycle trips. He has become a lifestyle influencer and has created his own clothing line.
Source: Hireinfluence, various

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

Five expert hiking tips
  • Always check the weather forecast before setting off
  • Make sure you have plenty of water
  • Set off early to avoid sudden weather changes in the afternoon
  • Wear appropriate clothing and footwear
  • Take your litter home with you
Alan Wake Remastered

Developer: Remedy Entertainment
Publisher: Microsoft Game Studios
Consoles: PlayStation 4 & 5, Xbox: 360 & One & Series X/S and Nintendo Switch
Rating: 4/5

Abu Dhabi Card

5pm: Maiden (PA) Dh 80,000 1,400m

National selection: AF Mohanak

5.30pm: Handicap (PA) Dh 90,000 1,400m

National selection: Jayide Al Boraq

6pm: Handicap (TB) Dh 100,000 1,400m

National selection: Rocket Power

6.30pm: Abu Dhabi Championship Listed (PA) Dh 180,000 1,600m

National selection: Ihtesham

7pm: Wathba Stallions Cup Handicap (PA) Dh 70,000 1,600m

National selection: Noof KB

7.30pm: Maiden (PA) Dh 80,000 2.200m

National selection: EL Faust

Federer's 11 Wimbledon finals

2003 Beat Mark Philippoussis

2004 Beat Andy Roddick

2005 Beat Andy Roddick

2006 Beat Rafael Nadal

2007 Beat Rafael Nadal

2008 Lost to Rafael Nadal

2009 Beat Andy Roddick

2012 Beat Andy Murray

2014 Lost to Novak Djokovic

2015 Lost to Novak Djokovic

2017 Beat Marin Cilic

Scorecard

Scotland 220

K Coetzer 95, J Siddique 3-49, R Mustafa 3-35

UAE 224-3 in 43,5 overs

C Suri 67, B Hameed 63 not out

The British in India: Three Centuries of Ambition and Experience

by David Gilmour

Allen Lane

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

Ready Player One
Dir: Steven Spielberg
Starring: Tye Sheridan, Olivia Cooke, Ben Mendelsohn, Mark Rylance


The UAE Today

The latest news and analysis from the Emirates

      By signing up, I agree to The National's privacy policy
      The UAE Today