Audience members listen to U.S. President Barack Obama address the Presidential Summit on Entrepreneurship at the Ronald Reagan Building in Washington, April 26, 2010.REUTERS/Larry Downing  (UNITED STATES - Tags: POLITICS BUSINESS) *** Local Caption ***  WAS311_OBAMA-_0426_11.JPG
Summit delegates listen to President Barack Obama's speech at the Ronald Reagan Building in Washington on Monday.

US has same hopes as the Muslim world, Obama says



WASHINGTON // President Barack Obama vowed to continue his effort to forge better relations between the United States and the Muslim world in a speech to Arab entrepreneurs. Emphasising "common aspirations", Mr Obama announced a new exchange programme for science teachers and a new collaboration that will connect hi-tech leaders in California's Silicon Valley with their counterparts in the Middle East, Turkey and southeast Asia.

"I pledged to forge a new partnership, not simply between governments, but also between people on the issues that matter most in their daily lives - in your lives," Mr Obama told about 250 business people and innovators from a mix of Muslim-majority countries who took part in the Presidential Summit on Entrepreneurship. "Over the past year, the United States has been reaching out and listening." The remarks on Monday used much of the same upbeat rhetoric that Mr Obama used in his Cairo speech last year, in which he outlined his hope for a "new beginning" to US-Muslim relations. The speech and the summit also served as stark examples of how his approach to the Muslim world, which includes a heavy focus on civil and social partnerships, differs from that of the Bush administration, which often focused on security issues.

Mr Obama vowed to meet US security needs, but he largely steered clear of politics, instead emphasising the need to focus on such subjects as telecommunications, health care, education, and infrastructure. He referred to the work of Dr Naif al Mutawa of Kuwait, who, after the Cairo speech, created a comic book series depicting Superman and Batman reaching out to their Muslim counterparts. "I hear they're making progress, too," Mr Obama said.

The president enjoyed an overwhelmingly positive reception from participants, including those from the UAE such as Arif Naqvi, the chief executive of Dubai-based Abraaj Capital. Mr Naqvi said the summit was taking place at a "watershed moment" in history as governments in Muslim-majority countries sought to spur job growth to meet the needs of their young populations. "I think this initiative is superb and the timing is perfect," he said, noting that governments across the Middle East, North Africa and southeast Asia were ready to step up investment in the private sector and in small and medium-sized businesses.

"I think the evolution of the [private] sector is almost inevitable in our part of the world. Governments need to create the enabling environment." White House officials had described the summit as an unprecedented networking opportunity that would bring together talent from all corners of the world. On that front, the event proved on unquestioned success. Within minutes of concluding a panel discussion, Mr Naqvi had handed out all of his business cards and began jotting his e-mail address on scraps of paper.

Dr Abdalla Alnajjar, the president of the Sharjah-based Arab Science and Technology Foundation, also applauded the summit, saying it put a much-needed emphasis on the exchange of scientific knowledge. "There have been lots of calls on democratisation in the region, and many other issues from the security side, but we believe science, technology, innovation and entrepreneurship are the real tools for creating a facelift for the region," he said.

In his speech, Mr Obama acknowledged that his vision of maximising co-operation between the US and the Muslim world would take years to realise. He noted, for example, that despite recent growth, trade between the US and Muslim-majority countries combined was roughly equivalent to the US trade with Mexico. Still, for Lubna Qassim, a lawyer and legal reform specialist from the UAE, the summit was proof that Mr Obama is ready to back up his words with action.

"In Cairo he spoke about a new beginning," she said. "I think the beginning has begun." @Email:sstanek@thenational.ae

Company Profile

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

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

About Okadoc

Date started: Okadoc, 2018

Founder/CEO: Fodhil Benturquia

Based: Dubai, UAE

Sector: Healthcare

Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth

Funding stage: Series B fundraising round to conclude in February

Investors: Undisclosed

UAE athletes heading to Paris 2024

Equestrian
Abdullah Humaid Al Muhairi, Abdullah Al Marri, Omar Al Marzooqi, Salem Al Suwaidi, and Ali Al Karbi (four to be selected).
Judo
Men: Narmandakh Bayanmunkh (66kg), Nugzari Tatalashvili (81kg), Aram Grigorian (90kg), Dzhafar Kostoev (100kg), Magomedomar Magomedomarov (+100kg); women's Khorloodoi Bishrelt (52kg).

Cycling
Safia Al Sayegh (women's road race).

Swimming
Men: Yousef Rashid Al Matroushi (100m freestyle); women: Maha Abdullah Al Shehi (200m freestyle).

Athletics
Maryam Mohammed Al Farsi (women's 100 metres).

Red Joan

Director: Trevor Nunn

Starring: Judi Dench, Sophie Cookson, Tereza Srbova

Rating: 3/5 stars

SPECS

Engine: Dual electric motors with 102kW battery pack

Power: 570hp

Torque: 890Nm

Range: Up to 428km

On sale: Now

Price: From Dh1,700,000

Stree

Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5

COMPANY PROFILE

Name: Dooda Solutions
Based: Lebanon
Founder: Nada Ghanem
Sector: AgriTech
Total funding: $300,000 in equity-free funding
Number of employees: 11

ENGLAND SQUAD

Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood

THE BIO

Mr Al Qassimi is 37 and lives in Dubai
He is a keen drummer and loves gardening
His favourite way to unwind is spending time with his two children and cooking

Law 41.9.4 of men’s T20I playing conditions

The fielding side shall be ready to start each over within 60 seconds of the previous over being completed.
An electronic clock will be displayed at the ground that counts down seconds from 60 to zero.
The clock is not required or, if already started, can be cancelled if:
• A new batter comes to the wicket between overs.
• An official drinks interval has been called.
• The umpires have approved the on field treatment of an injury to a batter or fielder.
• The time lost is for any circumstances beyond the control of the fielding side.
• The third umpire starts the clock either when the ball has become dead at the end of the previous over, or a review has been completed.
• The team gets two warnings if they are not ready to start overs after the clock reaches zero.
• On the third and any subsequent occasion in an innings, the bowler’s end umpire awards five runs.

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

COMPANY PROFILE

Name: Elmawkaa
Based: Hub71, Abu Dhabi
Founders: Ebrahem Anwar, Mahmoud Habib and Mohamed Thabet
Sector: PropTech
Total funding: $400,000
Investors: 500 Startups, Flat6Labs and angel investors
Number of employees: 12

Where to buy art books in the UAE

There are a number of speciality art bookshops in the UAE.

In Dubai, The Lighthouse at Dubai Design District has a wonderfully curated selection of art and design books. Alserkal Avenue runs a pop-up shop at their A4 space, and host the art-book fair Fully Booked during Art Week in March. The Third Line, also in Alserkal Avenue, has a strong book-publishing arm and sells copies at its gallery. Kinokuniya, at Dubai Mall, has some good offerings within its broad selection, and you never know what you will find at the House of Prose in Jumeirah. Finally, all of Gulf Photo Plus’s photo books are available for sale at their show. 

In Abu Dhabi, Louvre Abu Dhabi has a beautiful selection of catalogues and art books, and Magrudy’s – across the Emirates, but particularly at their NYU Abu Dhabi site – has a great selection in art, fiction and cultural theory.

In Sharjah, the Sharjah Art Museum sells catalogues and art books at its museum shop, and the Sharjah Art Foundation has a bookshop that offers reads on art, theory and cultural history.

Jurassic Park

Director: Steven Spielberg
Stars: Sam Neill, Jeff Goldblum and Richard Attenborough
Rating: 5/5

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Fixtures:

Thursday:
Hatta v Al Jazira, 4.55pm
Al Wasl v Dibba, 7.45pm

Friday:
Al Dhafra v Al Nasr, 5.05pm
Shabab Al Ahli Dubai v Al Wahda, 7.45pm

Saturday:
Ajman v Emirates, 4.55pm
Al Ain v Sharjah, 7.45pm

KEY DATES IN AMAZON'S HISTORY

July 5, 1994: Jeff Bezos founds Cadabra Inc, which would later be renamed to Amazon.com, because his lawyer misheard the name as 'cadaver'. In its earliest days, the bookstore operated out of a rented garage in Bellevue, Washington

July 16, 1995: Amazon formally opens as an online bookseller. Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought becomes the first item sold on Amazon

1997: Amazon goes public at $18 a share, which has grown about 1,000 per cent at present. Its highest closing price was $197.85 on June 27, 2024

1998: Amazon acquires IMDb, its first major acquisition. It also starts selling CDs and DVDs

2000: Amazon Marketplace opens, allowing people to sell items on the website

2002: Amazon forms what would become Amazon Web Services, opening the Amazon.com platform to all developers. The cloud unit would follow in 2006

2003: Amazon turns in an annual profit of $75 million, the first time it ended a year in the black

2005: Amazon Prime is introduced, its first-ever subscription service that offered US customers free two-day shipping for $79 a year

2006: Amazon Unbox is unveiled, the company's video service that would later morph into Amazon Instant Video and, ultimately, Amazon Video

2007: Amazon's first hardware product, the Kindle e-reader, is introduced; the Fire TV and Fire Phone would come in 2014. Grocery service Amazon Fresh is also started

2009: Amazon introduces Amazon Basics, its in-house label for a variety of products

2010: The foundations for Amazon Studios were laid. Its first original streaming content debuted in 2013

2011: The Amazon Appstore for Google's Android is launched. It is still unavailable on Apple's iOS

2014: The Amazon Echo is launched, a speaker that acts as a personal digital assistant powered by Alexa

2017: Amazon acquires Whole Foods for $13.7 billion, its biggest acquisition

2018: Amazon's market cap briefly crosses the $1 trillion mark, making it, at the time, only the third company to achieve that milestone