This month marks 44 years since the Dubai World Trade Centre was officially opened.
Originally named Sheikh Rashid Tower, the building was one of the first skyscrapers built in Dubai. Construction of the building began in 1974. It was designed by UK architect John Harris under the auspices of Sheikh Rashid bin Saeed, Ruler of Dubai at the time. The tower was inaugurated on February 26, 1979 by Queen Elizabeth II.
The building, with 38 storeys and 184m tall, loomed as a solitary structure beside a slimmer version of Sheikh Zayed Road and in the middle of a pale ochre expanse.
"Harris didn't want to use a lot of glass,” architect and writer Todd Reisz told The National in 2021. “He was mindful of what technologies were available and what technologies could be repaired and maintained in Dubai at the time so that you weren't stuck with a tower of 30 storeys and then the elevators didn't work."
Once it opened, the tower quickly became the centre of the region’s business community and was featured on the Dh100 bank note.
Today, the Dubai World Trade Centre is dwarfed by the towering buildings flanking an ever-busy Sheikh Zayed Road. However, the tower retains its idiosyncratic majesty, with its recessed windows and hive-like exterior.
The Dubai World Trade Centre has expanded over the years to become a sprawling complex of exhibition halls and mixed-use buildings.
In April 2020, during the thick of the Covid-19 pandemic, it was converted into a field hospital with the capacity to treat up to 3,000 patients.
Four decades on, the Dubai World Trade Centre remains a vital business hub that it is keeping up with the times.
In December 2021, authorities announced that the tower would become a specialised crypto zone as part of a drive to create new economic sectors. Co-ordinating with the private sector for the initiative, the move will enforce rigorous standards for investor protection, tackle money laundering and the financing of terrorism, and track cross-border transactions in the virtual assets and cryptocurrencies sphere.
“The World Trade Centre will deliver and oversee a new world-class regulatory framework of virtual asset legislative and enforcement policies," authorities said. “[It] will be critical to facilitating and broadening cross-border operations and ecosystem innovation to enable safe market adoption and growth for this sector in Dubai."
COMPANY PROFILE
Name: Cofe
Year started: 2018
Based: UAE
Employees: 80-100
Amount raised: $13m
Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group
MATCH INFO
Champions League quarter-final, first leg
Manchester United v Barcelona, Wednesday, 11pm (UAE)
Match on BeIN Sports
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
All or Nothing
Amazon Prime
Four stars
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
HEADLINE HERE
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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UAE currency: the story behind the money in your pockets
T20 World Cup Qualifier fixtures
Tuesday, October 29
Qualifier one, 2.10pm – Netherlands v UAE
Qualifier two, 7.30pm – Namibia v Oman
Wednesday, October 30
Qualifier three, 2.10pm – Scotland v loser of qualifier one
Qualifier four, 7.30pm – Hong Kong v loser of qualifier two
Thursday, October 31
Fifth-place playoff, 2.10pm – winner of qualifier three v winner of qualifier four
Friday, November 1
Semi-final one, 2.10pm – Ireland v winner of qualifier one
Semi-final two, 7.30pm – PNG v winner of qualifier two
Saturday, November 2
Third-place playoff, 2.10pm
Final, 7.30pm
The five pillars of Islam
UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
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