Picture the scene: announcing the latest winners of the Nobel Prizes later this week, the Royal Swedish Academy of Sciences declares that the physics prize has gone to ... the inventor of a gas valve.
Astonishingly enough, that's just what happened exactly a century ago, when the committee for the 1912 Nobel Prize rejected more than a dozen nominees - including Albert Einstein - in favour of an obscure Swedish engineer.
Few today remember Nils Gustaf Dalen, and fewer still his invention of a gadget for regulating the gas used by lighthouses. It's just not the sort of breakthrough we associate with the most prestigious prizes in science.
But the thing is, it ought to be. The eponymous founder of the prizes (and the inventor of dynamite) specifically stated they were to be awarded to those who "during the preceding year, shall have conferred the greatest benefit on mankind".
And while the discovery of, say, the Higgs boson particle or pulsating stars may keep scientists in gainful employment, it confers little real benefit on the rest of us.
In contrast, Dalen's long- forgotten invention helped save countless lives by allowing lighthouses and marine buoys to work maintenance-free for months on end, at very little cost.
Over the years, such breakthroughs have largely been overlooked by the Nobel committee in favour of advances so esoteric even most scientists would struggle to explain them. Perhaps not surprisingly, the prizes now often receive less coverage than the annual "Ig Nobels", spoof awards for research that "first makes you laugh, then makes you think" - such as why toast tends to land butter-side down.
When the committee does stick more closely to its proper remit, the results have been impressive. Among the inventions that have won the prize are the transistor, the laser and the microchip, which have unquestionably conferred huge benefits on mankind.
The committee has a rather less impressive record when judging the merits of medical breakthroughs. In 1926, the Nobel for Medicine went to the Danish pathologist Johannes Fibiger, for his discovery that cancer was linked to tissue irritation. Even as he collected the prize, it was becoming clear that his evidence was shaky, and it was soon debunked.
An even more egregious case emerged in 1949, when the same Nobel was awarded to Antonio Moniz, a Portuguese doctor who pioneered the use of lobotomies as a means of "treating" psychiatric patients. By the 1950s, American brain surgeons were applying the method wholesale, with about 100 patients a week being robbed of their higher mental faculties.
The Nobel committee has since tried to justify Moniz's award by claiming that no other treatment was available. Yet, even at the time, experts insisted the operation was ethically dubious.
A major challenge facing the Nobel committee is that cutting-edge science has outgrown the prizes. Breakthroughs today are often multidisciplinary, transcending the original three scientific categories of physics, chemistry or medicine/physiology.
The lone genius working in a lab has also been subsumed by small armies of researchers, yet Nobel Prizes can only be awarded to a maximum of three researchers in any one year.
Another challenge has been maintaining the profile of the Nobel in the face of equally lucrative prizes with fewer constraints.
The Millennium Technology Prize, inaugurated in 2004, has stolen some of the Nobel's lustre, being able to give its US$1 million (Dh3.7m) award to such luminaries as Sir Tim Berners-Lee, the inventor of the World Wide Web, and Shuji Nakamura, the inventor of the white light-emitting diode (LED). Neither are likely to win a Nobel Prize, despite clearly meeting its originator's intentions.
In fairness, the Royal Swedish Academy has acknowledged the need to reflect the changing nature of science. So far, however, it has proved reluctant to embrace change, despite the alacrity with which it ditched that stipulation about conferring benefit on mankind.
This year it faces one of its toughest-ever decisions: whether to award the Nobel Prize for Physics to the discovery of the Higgs boson.
To judge by the media coverage, the British theoretical physicist, Professor Peter Higgs, of Edinburgh University, is all but guaranteed to win the prize on Tuesday.
Certainly, there's little doubt that the discovery of "the Higgs" at the Large Hadron Collider in Cern, Geneva, merits a Nobel - at least by the standards of previous awards. The existence of the Higgs would explain why everything possesses mass and also brings scientists closer to the ultimate Theory of Everything, which describes all the forces and particles in the universe in a single set of equations. Yet the fact is that, despite all the media hoopla, the existence of the Higgs particle has still to be confirmed. The results unveiled earlier this year certainly point to the existence of a particle with some of the properties expected of the Higgs. But its identity depends on other, more esoteric, properties that have yet to be fully confirmed. And until they are, awarding the Nobel for the discovery would be somewhat risky.
Then there is the awkward fact that Prof Higgs was not alone in suggesting the existence of the particle, nor even the first. There are at least five other theorists with reasonable claims to taking a share of the Nobel, which is at least two more than the maximum permitted.
And then there is the delicate matter of Prof Higgs himself: at 83, he's not as young as he was. In principle, the Nobel Prize cannot be awarded posthumously, though last year it made an exception when one of the recipients of the Medicine Prize died just a few days before the announcement.
When it announces the winner of the prize on Tuesday, the Swedish Academy will be telling the world more than just a name. It will be revealing whether it still bases its decisions on the standards of science, or has gone the way of so many other institutions and decided to bow to the demands of the media.
Robert Matthews is Visiting Reader in Science at Aston University in Birmingham, England
The%20specs
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Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
box
COMPANY PROFILE
Company name: Letstango.com
Started: June 2013
Founder: Alex Tchablakian
Based: Dubai
Industry: e-commerce
Initial investment: Dh10 million
Investors: Self-funded
Total customers: 300,000 unique customers every month
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
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Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
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.”
'The Woman in the House Across the Street from the Girl in the Window'
Director:Michael Lehmann
Stars:Kristen Bell
Rating: 1/5
THE SPECS
Engine: 3.5-litre V6
Transmission: six-speed manual
Power: 325bhp
Torque: 370Nm
Speed: 0-100km/h 3.9 seconds
Price: Dh230,000
On sale: now
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Tewellah by Nawal Zoghbi is out now.
MATCH INFO
FA Cup fifth round
Chelsea v Manchester United, Monday, 11.30pm (UAE), BeIN Sports
French Touch
Carla Bruni
(Verve)
The specs
Engine: 2.4-litre 4-cylinder
Transmission: CVT auto
Power: 181bhp
Torque: 244Nm
Price: Dh122,900
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
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