The UAE performed strongly in political stability and trade and competition. Rich-Joseph Facun / The National
The UAE performed strongly in political stability and trade and competition. Rich-Joseph Facun / The National

Science and education key to UAE innovation



Investing heavily in science and education could help to elevate the UAE to the top ranks of a global innovation index.

Insead, the global business school, has released its international index that ranks countries on their level of innovation.

Innovators: More on Insead's global index.

Unrest to spark innovation in region The Arab Spring will lead to a higher level of innovation in the Middle East, predicts the author of a new global report on innovation. Read article

Governments can stimulate innovation National innovation offices are required to coordinate development across the Arab World, according to global consultants Booz & Co. Read article

Its annual Global Innovation Index (GII) found just two Arab countries - the UAE and Qatar - were among the top 40 innovators in the world.

Although the Emirates fell 10 places compared with last year to rank at 34 this year, experts said it was a short-term setback.

"The UAE is doing relatively well in all the dimensions we examine," said Professor Soumitra Dutta, the editor of the report.

"The country provides a holistic environment for innovation, but at the same time it has relative areas to improve upon."

The report ranked Qatar first among the Arab countries for innovation, followed by the UAE, Jordan, Bahrain and Lebanon.

Produced in partnership with Alcatel-Lucent, Booz & Company, the Confederation of Indian Industry, and the United Nations' World Intellectual Property Organisation, the GII measures the innovation levels of 125 countries worldwide based on seven parameters.

These include business sophistication, human capital, institutions and scientific output, with a number of sub-elements.

The UAE performed strongly in political stability, higher education, creative intangibles, and trade and competition, but scored lower in education, knowledge absorption and science.

Karim Sabbagh, a senior partner based in Dubai with Booz & Company, said the UAE's fall in ranking was just a blip, and given a number of projects currently under way, the country would climb back up the innovation list next year.

"There was a reflection this year in the effects of the global financial crisis, which affected investment in innovation," he said.

"Dubai was the centre of our economic development, but Abu Dhabi is now rising, you have a much more balanced perspective."

The GII project was launched by Insead in 2007 with the goal of finding measures to better capture innovation beyond traditional methods such as the number of PhDs and the number of research articles produced at universities.

Mr Sabbagh said firmer details on projects such as Masdar, the Advanced Technology Investment Company and new proposals on home-ownership would ensure investment in innovation grew this year in the UAE. The top five innovating countries this year are Switzerland, Sweden, Singapore, Hong Kong and Finland.

Prof Dutta said the UAE could learn a lot from other emerging countries and cities, such as Hong Kong, which took ideas and concepts from the West and improved upon them. Singapore's immigration policies have also helped innovation to grow, he said.

"Immigration policies are much more open, it's easier to do the paperwork and integrate into society, the quality of living is high, which attracts talented people," Prof Dutta said.

Government-led initiatives to improve innovation among larger companies in the UAE had been successful, he said, but more attention now needed to be given to developing entrepreneurs and startups.

"In terms of technological advancement, you see a high level of achievement, but you do not see [enough] government support for small businesses," he said.

The specs

Engine: 6.2-litre V8

Power: 502hp at 7,600rpm

Torque: 637Nm at 5,150rpm

Transmission: 8-speed dual-clutch auto

Price: from Dh317,671

On sale: now

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
KLOPP%20AT%20LIVERPOOL
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CHELSEA'S NEXT FIVE GAMES

Mar 10: Norwich(A)

Mar 13: Newcastle(H)

Mar 16: Lille(A)

Mar 19: Middlesbrough(A)

Apr 2: Brentford(H)

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The biog

Favourite hobby: taking his rescue dog, Sally, for long walks.

Favourite book: anything by Stephen King, although he said the films rarely match the quality of the books

Favourite film: The Shawshank Redemption stands out as his favourite movie, a classic King novella

Favourite music: “I have a wide and varied music taste, so it would be unfair to pick a single song from blues to rock as a favourite"

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

The specs

Engine 60kwh FWD

Battery Rimac 120kwh Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) chemistry

Power 204hp Torque 360Nm

Price, base / as tested Dh174,500 

The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
Five personal finance podcasts from The National

 

To help you get started, tune into these Pocketful of Dirham episodes 

·

Balance is essential to happiness, health and wealth 

·

What is a portfolio stress test? 

·

What are NFTs and why are auction houses interested? 

·

How gamers are getting rich by earning cryptocurrencies 

·

Should you buy or rent a home in the UAE?  

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Switching%20sides
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Brief scores:

Day 1

Toss: South Africa, field first

Pakistan (1st innings) 177: Sarfraz 56, Masood 44; Olivier 4-48

South Africa (1st innings) 123-2: Markram 78; Masood 1-4

SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2a)
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German plea
Ukrainian President Volodymyr Zelenskyy told the German parliament that. Russia had erected a new wall across Europe. 

"It's not a Berlin Wall -- it is a Wall in central Europe between freedom and bondage and this Wall is growing bigger with every bomb" dropped on Ukraine, Zelenskyy told MPs.

Mr Zelenskyy was applauded by MPs in the Bundestag as he addressed Chancellor Olaf Scholz directly.

"Dear Mr Scholz, tear down this Wall," he said, evoking US President Ronald Reagan's 1987 appeal to Soviet leader Mikhail Gorbachev at Berlin's Brandenburg Gate.

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Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes

Founder: Ayman Badawi

Date started: Test product September 2016, paid launch January 2017

Based: Dubai, UAE

Sector: Software

Size: Seven employees

Funding: $170,000 in angel investment

Funders: friends

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

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$1,000 award for 1,000 days on madrasa portal

Daily cash awards of $1,000 dollars will sweeten the Madrasa e-learning project by tempting more pupils to an education portal to deepen their understanding of math and sciences.

School children are required to watch an educational video each day and answer a question related to it. They then enter into a raffle draw for the $1,000 prize.

“We are targeting everyone who wants to learn. This will be $1,000 for 1,000 days so there will be a winner every day for 1,000 days,” said Sara Al Nuaimi, project manager of the Madrasa e-learning platform that was launched on Tuesday by the Vice President and Ruler of Dubai, to reach Arab pupils from kindergarten to grade 12 with educational videos.  

“The objective of the Madrasa is to become the number one reference for all Arab students in the world. The 5,000 videos we have online is just the beginning, we have big ambitions. Today in the Arab world there are 50 million students. We want to reach everyone who is willing to learn.”


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