ABU DHABI // Sheikh Khalifa bin Zayed, the President, opened the 15th legislative chapter of the FNC yesterday with a reminder to new members of their responsibility to the nation.
He urged the men and women who will sit on the council to fulfil the aspirations of the people who selected them and to pledge themselves to the interests of the country.
Earlier the area around the FNC building was aflutter with UAE flags, and there was an impressive military array of tanks while troops lined the red carpet from 11am, awaiting the President’s arrival.
The opening followed the election of 20 members on September 24, and the appointment of a further 20 this weekend.
New members waited nervously inside the council chamber watching a screen showing what was going on outside, as officials and sheikhs arrived.
At 11.42am Sheikh Khalifa arrived outside and the chamber fell silent, all 39 members present – Ghareeb Al Suraidi, an elected member from Fujairah, was absent because of illness – fixing their eyes on the screen.
The President stood on the red carpet as troops saluted to the strains of the national anthem. As he entered the building he was greeted by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai.
At exactly noon, Sheikh Khalifa entered the chamber, followed by the rulers of the other six emirates.
After a recitation from the Quran, he opened the 15th legislative chapter, praying that the FNC would work for what is best for the country and its people.
“We congratulate you as you received the confidence of the people and support of the leadership and remind you that membership of the National Council is not a privilege or societal relevance but it is an arduous responsibility of those who have put confidence in you and nominated you. They have high hopes and expectations of you,” he said.
“Come up to this confidence and commit yourselves to the interest of the nation and the interests of citizens and you will have our full support in this endeavour.”
Abdullah Hamad Al Shamsi, an elected member from Ajman, concluded the ceremony by responding on behalf of the FNC members, reaffirming that they would work towards what was best for the country.
Sheikh Khalifa then left, followed by the other rulers, crown princes, officials and FNC members for a group photograph.
An hour later the members returned to the chamber. Led by Mr Al Shamsi, as temporary speaker, they took their oaths. First was an elected Ras Al Khaimah member, Ahmed Abdullah Al Amash.
"I swear in Allah's name, I will be loyal to the United Arab Emirates, and respect the federal constitution and its laws, and work in the council and in the committees in all honest and integrity," he said.
His fellow members were called one by one to stand and take the same oath. Several showed their nerves, stuttering as they repeating the oath.
Dr Amal Al Qubaisi, an elected member in the last chapter, and this time appointed, was eighth to take the oath - and the first woman.
"It has a big meaning to the new members," she said. "To meet the highnesses and renew their trust."
She said the new members would never forget taking the oath so publicly. "They have all already taken the oath in their hearts when they were born, but now can show their loyalty to the country. This leaves a big mark on members."
The members then set about electing the speaker and first and second deputy speakers of the council, as well as its eight committees. The session ended at 3.30pm.
osalem@thenational.ae
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What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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Sheer grandeur
The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.
A clear distinction between the residences and the Raffles hotel with the amenities operated separately.
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MATCH INFO
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Power: 150hp
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
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Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
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Company%20Profile
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How to tell if your child is being bullied at school
Sudden change in behaviour or displays higher levels of stress or anxiety
Shows signs of depression or isolation
Ability to sleep well diminishes
Academic performance begins to deteriorate
Changes in eating habits
Struggles to concentrate
Refuses to go to school
Behaviour changes and is aggressive towards siblings
Begins to use language they do not normally use
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