UK Prime Minister Rishi Sunak. Getty
UK Prime Minister Rishi Sunak. Getty
UK Prime Minister Rishi Sunak. Getty
UK Prime Minister Rishi Sunak. Getty

Rishi Sunak unveils plan for UK to be science and technology 'superpower' by 2030


Soraya Ebrahimi
  • English
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British Prime Minister Rishi Sunak has announced a plan to make the UK a science and technology “superpower” by the end of the decade.

Mr Sunak hopes a science and technology framework will place the UK at the forefront of new technology including artificial intelligence and supercomputing.

His government has promised funding of more than £360 million ($433 million).

The move has been one of the central aims of Mr Sunak’s premiership, with Michelle Donelan recently appointed to lead the new Department for Science, Innovation and Technology.

Mr Sunak warned on Monday that the UK “can only stay ahead with focus, dynamism and leadership”, as the 10-point plan promised to use post-Brexit freedom for “pro-innovation regulations” and develop a “pro-innovation culture” in the public sector.

The government also announced it would again extend the funding guarantee, this time until June, for successful applicants to the EU’s Horizon programme.

There have been hopes that Mr Sunak’s new deal on the Northern Ireland Protocol could pave the way for the UK to rejoin the €100 billion ($106.2 billion) research scheme.

Rishi Sunak's first 100 days as Prime Minister - in pictures

  • Rishi Sunak has been British Prime Minister for 100 days. Here The National looks back at his time in No 10 Downing Street. Getty Images
    Rishi Sunak has been British Prime Minister for 100 days. Here The National looks back at his time in No 10 Downing Street. Getty Images
  • Mr Sunak after being announced as winner of the Conservative Party leadership contest on October 24. Getty Images
    Mr Sunak after being announced as winner of the Conservative Party leadership contest on October 24. Getty Images
  • King Charles III welcomes Mr Sunak to Buckingham Palace where he invited him to become Prime Minister and form a new government. Getty Images
    King Charles III welcomes Mr Sunak to Buckingham Palace where he invited him to become Prime Minister and form a new government. Getty Images
  • The new Prime Minister makes a speech outside No 10. Getty Images
    The new Prime Minister makes a speech outside No 10. Getty Images
  • Mr Sunak arrives at No 10 for the first time as Prime Minister. Photo: Simon Walker/ No 10 Downing Street
    Mr Sunak arrives at No 10 for the first time as Prime Minister. Photo: Simon Walker/ No 10 Downing Street
  • Mr Sunak holds his first cabinet meeting. Getty Images
    Mr Sunak holds his first cabinet meeting. Getty Images
  • Hosting a reception to celebrate Diwali at No 10. Photo: Simon Walker / No 10 Downing Street
    Hosting a reception to celebrate Diwali at No 10. Photo: Simon Walker / No 10 Downing Street
  • A visit to Croydon University Hospital, south London. Getty Images
    A visit to Croydon University Hospital, south London. Getty Images
  • Mr Sunak and his wife Akshata Murty wearing poppies, with a special poppy collar for their pet Labrador Nova. Photo: Simon Walker / No 10 Downing Street
    Mr Sunak and his wife Akshata Murty wearing poppies, with a special poppy collar for their pet Labrador Nova. Photo: Simon Walker / No 10 Downing Street
  • The Prime Minister with Chancellor Jeremy Hunt in the Cabinet Room at No 10. Photo: Simon Walker / No 10 Downing Street
    The Prime Minister with Chancellor Jeremy Hunt in the Cabinet Room at No 10. Photo: Simon Walker / No 10 Downing Street
  • King Charles, Mr Sunak, fashion designer Stella McCartney and US climate envoy John Kerry at Buckingham Palace before Cop27. Getty Images
    King Charles, Mr Sunak, fashion designer Stella McCartney and US climate envoy John Kerry at Buckingham Palace before Cop27. Getty Images
  • French President Emmanuel Macron and Mr Sunak at Cop27 in Sharm El Sheikh, Egypt. Getty Images
    French President Emmanuel Macron and Mr Sunak at Cop27 in Sharm El Sheikh, Egypt. Getty Images
  • Mr Sunak during a call to Ukraine President Volodymyr Zelenskyy from his office. Photo: Simon Dawson / No 10 Downing Street
    Mr Sunak during a call to Ukraine President Volodymyr Zelenskyy from his office. Photo: Simon Dawson / No 10 Downing Street
  • On Remembrance Sunday at the Cenotaph in London. Photo: Simon Walker / No 10 Downing Street
    On Remembrance Sunday at the Cenotaph in London. Photo: Simon Walker / No 10 Downing Street
  • Mr Sunak with journalists on a flight to Bali and the G20 meeting. Photo: Simon Walker / No 10 Downing Street
    Mr Sunak with journalists on a flight to Bali and the G20 meeting. Photo: Simon Walker / No 10 Downing Street
  • With Saudi Arabia's Crown Prince Mohammed bin Salman during a meeting at the G20 in Nusa Dua, Indonesia. Getty Images
    With Saudi Arabia's Crown Prince Mohammed bin Salman during a meeting at the G20 in Nusa Dua, Indonesia. Getty Images
  • Mr Sunak with US President Joe Biden at the G20 summit. Getty Images
    Mr Sunak with US President Joe Biden at the G20 summit. Getty Images
  • Mr Sunak and Ukrainian President Volodymyr Zelenskyy. Getty Images
    Mr Sunak and Ukrainian President Volodymyr Zelenskyy. Getty Images
  • Mr Sunak meets rescue teams during his visit to Ukraine. Photo: No 10 Downing Street
    Mr Sunak meets rescue teams during his visit to Ukraine. Photo: No 10 Downing Street
  • Mr Sunak and his wife outside No 10 as the Christmas lights are turned on. Getty Images
    Mr Sunak and his wife outside No 10 as the Christmas lights are turned on. Getty Images
  • Mr Sunak joins youth footballers from Wales and England to watch the World Cup match between the two nations. Photo: Simon Walker / No 10 Downing Street
    Mr Sunak joins youth footballers from Wales and England to watch the World Cup match between the two nations. Photo: Simon Walker / No 10 Downing Street
  • The Prime Minister reading congratulations cards from members of the public after being appointed. Photo: Simon Dawson / No 10 Downing Street
    The Prime Minister reading congratulations cards from members of the public after being appointed. Photo: Simon Dawson / No 10 Downing Street
  • On a visit to RAF Coningsby in Lincolnshire after the announcement that Britain will develop next-generation fighter jets with Italy and Japan. Getty Images
    On a visit to RAF Coningsby in Lincolnshire after the announcement that Britain will develop next-generation fighter jets with Italy and Japan. Getty Images
  • Mr Sunak and Estonian Prime Minister Kaja Kallas on a plane to Tallinn. Getty Images
    Mr Sunak and Estonian Prime Minister Kaja Kallas on a plane to Tallinn. Getty Images
  • The Prime Minister with troops at the Tapa military base, Estonia. Getty Images
    The Prime Minister with troops at the Tapa military base, Estonia. Getty Images
  • The photo on Mr Sunak's official Christmas card. Photo: Simon Walker / No 10 Downing Street
    The photo on Mr Sunak's official Christmas card. Photo: Simon Walker / No 10 Downing Street
  • Mr Sunak prepares and serves breakfast on a visit to The Passage homeless shelter in London just before Christmas. Photo: Simon Dawson / No 10 Downing Street
    Mr Sunak prepares and serves breakfast on a visit to The Passage homeless shelter in London just before Christmas. Photo: Simon Dawson / No 10 Downing Street
  • Making his first major domestic speech of the year. Getty Images
    Making his first major domestic speech of the year. Getty Images
  • On a visit to Harris Academy in Battersea, London. Getty Images
    On a visit to Harris Academy in Battersea, London. Getty Images
  • Mr Sunak and Japan's Prime Minister Fumio Kishida arrive at the Tower of London for a meeting. Getty Images
    Mr Sunak and Japan's Prime Minister Fumio Kishida arrive at the Tower of London for a meeting. Getty Images
  • Toasting marshmallows on a visit to the Sea Scouts community group in Muirtown near Inverness. Getty Images
    Toasting marshmallows on a visit to the Sea Scouts community group in Muirtown near Inverness. Getty Images
  • A Q&A session at The Platform in Morecambe, Lancashire, after a community visit to the Eden Project North. Getty Images
    A Q&A session at The Platform in Morecambe, Lancashire, after a community visit to the Eden Project North. Getty Images
  • Mr Sunak and Mr Hunt at Accrington Market Hall with local MP Sara Britcliffe to announce projects under the levelling-up fund. Getty Images
    Mr Sunak and Mr Hunt at Accrington Market Hall with local MP Sara Britcliffe to announce projects under the levelling-up fund. Getty Images

Leading scientists last month criticised the Treasury for taking back £1.6 billion it had allocated for research and which had been set aside for UK involvement in Horizon.

“Trailblazing science and innovation have been in our DNA for decades," Mr Sunak said on Sunday.

“The more we innovate, the more we can grow our economy, create the high-paid jobs of the future, protect our security and improve lives across the country.”

Included in the framework are plans to boost private and public investment in research and development, and boosting innovation through public sector procurement.

It also pledges to ensure that researchers have access to the “best physical and digital infrastructure” for research and development, to attract the best talent to Britain.

Ms Donelan said innovation and technology “hold the keys” to raising productivity, increasing wages and reducing energy prices.

Rishi Sunak through the years - in pictures

  • British Prime Minister Rishi Sunak announces July 4 as the date for the 2024 general election at No 10 Downing Street. Here, The National looks back at his political career. Getty Images
    British Prime Minister Rishi Sunak announces July 4 as the date for the 2024 general election at No 10 Downing Street. Here, The National looks back at his political career. Getty Images
  • Mr Sunak during local election campaigning in Teesside in May 2024. Getty Images
    Mr Sunak during local election campaigning in Teesside in May 2024. Getty Images
  • Mr Sunak presents cupcakes to journalists on board a plane on the way to Warsaw in April 2024. Getty Images
    Mr Sunak presents cupcakes to journalists on board a plane on the way to Warsaw in April 2024. Getty Images
  • Mr Sunak during a press conference in Downing Street in January after the Safety of Rwanda Bill passed its third reading in the House of Commons. Getty Images
    Mr Sunak during a press conference in Downing Street in January after the Safety of Rwanda Bill passed its third reading in the House of Commons. Getty Images
  • Being applauded after his speech at the Conservative Party conference in October 2023. Getty Images
    Being applauded after his speech at the Conservative Party conference in October 2023. Getty Images
  • Looking pensive alongside then-home secretary Suella Braverman at No 10 in October 2023. She didn't last much longer in the cabinet. Getty Images
    Looking pensive alongside then-home secretary Suella Braverman at No 10 in October 2023. She didn't last much longer in the cabinet. Getty Images
  • Mr Sunak sits in an old Special Branch police vehicle which was used to transport former prime minister Margaret Thatcher, in July 2023. Getty Images
    Mr Sunak sits in an old Special Branch police vehicle which was used to transport former prime minister Margaret Thatcher, in July 2023. Getty Images
  • On board Border Agency cutter HMC Seeker during a visit to Dover in June 2023. Getty Images
    On board Border Agency cutter HMC Seeker during a visit to Dover in June 2023. Getty Images
  • Mr Sunak alongside European Commission President Ursula von der Leyen, Canada's Prime Minister Justin Trudeau, US President Joe Biden, French President Emmanuel Macron and German Chancellor Olaf Scholz during the G7 Summit in May 2023. Getty Images
    Mr Sunak alongside European Commission President Ursula von der Leyen, Canada's Prime Minister Justin Trudeau, US President Joe Biden, French President Emmanuel Macron and German Chancellor Olaf Scholz during the G7 Summit in May 2023. Getty Images
  • Mr Sunak and his wife Akshata Murty arriving in Japan ahead of the G7 Summit in May 2023. Getty Images
    Mr Sunak and his wife Akshata Murty arriving in Japan ahead of the G7 Summit in May 2023. Getty Images
  • Mr Sunak and Chancellor Jeremy Hunt sending a message at Accrington Market Hall in January 2023. Getty Images
    Mr Sunak and Chancellor Jeremy Hunt sending a message at Accrington Market Hall in January 2023. Getty Images
  • Mr Sunak and Ukrainian President Volodymyr Zelenskyy meet in Ukraine's capital Kyiv in November 2022. Getty Images
    Mr Sunak and Ukrainian President Volodymyr Zelenskyy meet in Ukraine's capital Kyiv in November 2022. Getty Images
  • King Charles III welcomes Mr Sunak during an audience at Buckingham Palace, where he invited the newly elected leader of the Conservative Party to become Prime Minister and form a new government in October 2022. Getty Images
    King Charles III welcomes Mr Sunak during an audience at Buckingham Palace, where he invited the newly elected leader of the Conservative Party to become Prime Minister and form a new government in October 2022. Getty Images
  • Mr Sunak makes a statement outside No 10 in October 2022 after taking office. Getty Images
    Mr Sunak makes a statement outside No 10 in October 2022 after taking office. Getty Images
  • Mr Sunak arrives inside Number 10 in October 2022. Photo: Simon Walker/ No 10 Downing Street
    Mr Sunak arrives inside Number 10 in October 2022. Photo: Simon Walker/ No 10 Downing Street
  • Greeted by colleagues at Conservative Party HQ after having been announced winner of the leadership contest in October 2022. Getty Images
    Greeted by colleagues at Conservative Party HQ after having been announced winner of the leadership contest in October 2022. Getty Images
  • Mr Sunak at Westminster Hall in London following the death of Queen Elizabeth II in September 2022. PA
    Mr Sunak at Westminster Hall in London following the death of Queen Elizabeth II in September 2022. PA
  • Mr Sunak visits his family's old business, Bassett Pharmacy, on the campaign trail in August 2022. Getty Images
    Mr Sunak visits his family's old business, Bassett Pharmacy, on the campaign trail in August 2022. Getty Images
  • Mr Sunak looks at an NLAW anti-tank launcher during a visit to the Thales Defence System plant in Belfast in August 2022. Getty Images
    Mr Sunak looks at an NLAW anti-tank launcher during a visit to the Thales Defence System plant in Belfast in August 2022. Getty Images
  • At a hustings event in Exeter in August 2022. Getty Images
    At a hustings event in Exeter in August 2022. Getty Images
  • Celebrates England's first goal as he watches the Women's Euro 2022 final in Salisbury in July 2022. Getty Images
    Celebrates England's first goal as he watches the Women's Euro 2022 final in Salisbury in July 2022. Getty Images
  • Mr Sunak and Ms Truss take part in the BBC Leadership debate at Victoria Hall, Hanley, in July 2022. Getty Images
    Mr Sunak and Ms Truss take part in the BBC Leadership debate at Victoria Hall, Hanley, in July 2022. Getty Images
  • With daughters Krisna and Anoushka and wife Akshata Murthy in July 2022. Getty Images
    With daughters Krisna and Anoushka and wife Akshata Murthy in July 2022. Getty Images
  • Opening the Great Ayton Village Fete during the queen’s Platinum Jubilee celebrations in June 2022. Getty Images
    Opening the Great Ayton Village Fete during the queen’s Platinum Jubilee celebrations in June 2022. Getty Images
  • Mr Sunak and Ms Murthy speak to then-Prince Charles at a British Asian Trust event in February 2022. Getty Images
    Mr Sunak and Ms Murthy speak to then-Prince Charles at a British Asian Trust event in February 2022. Getty Images
  • Mr Sunak arrives at COP26 in Glasgow in November 2021 when he was chancellor. Getty Images
    Mr Sunak arrives at COP26 in Glasgow in November 2021 when he was chancellor. Getty Images
  • Holding the budget box as he departs 11 Downing Street to deliver his Autumn Budget in October 2021. Getty Images
    Holding the budget box as he departs 11 Downing Street to deliver his Autumn Budget in October 2021. Getty Images
  • At a press conference on the 2021 Budget in London in March 2021. Getty Images
    At a press conference on the 2021 Budget in London in March 2021. Getty Images
  • With former prime minister Boris Johnson during a visit to PD Ports on the River Tees in March 2021. Getty Images
    With former prime minister Boris Johnson during a visit to PD Ports on the River Tees in March 2021. Getty Images
  • Mr Sunak poses with the budget box at 11 Downing Street in March 2021. Getty Images
    Mr Sunak poses with the budget box at 11 Downing Street in March 2021. Getty Images
  • Meeting staff back at work after being furloughed at Hamleys toy shop in London, December 2020. Photo: HM Treasury
    Meeting staff back at work after being furloughed at Hamleys toy shop in London, December 2020. Photo: HM Treasury
  • Mr Sunak visits the Imperial Clinic Research Facility at Hammersmith Hospital, London, in November 2020. Getty Images
    Mr Sunak visits the Imperial Clinic Research Facility at Hammersmith Hospital, London, in November 2020. Getty Images
  • Lighting a candle for Diwali on Downing Street, November 2020. Getty Images
    Lighting a candle for Diwali on Downing Street, November 2020. Getty Images
  • Working on a speech in his flat above 11 Downing Street in November 2020. Photo: HM Treasury
    Working on a speech in his flat above 11 Downing Street in November 2020. Photo: HM Treasury
  • Mr Johnson and Mr Sunak visit the headquarters of Octopus Energy in London in October 2020. Getty Images
    Mr Johnson and Mr Sunak visit the headquarters of Octopus Energy in London in October 2020. Getty Images
  • With his 'Winter Economy Plan' outside 11 Downing Street in September 2020. AFP
    With his 'Winter Economy Plan' outside 11 Downing Street in September 2020. AFP
  • Decorating a plate at Emma Bridgewater pottery in Stoke pottery in September 2020. Getty Images
    Decorating a plate at Emma Bridgewater pottery in Stoke pottery in September 2020. Getty Images
  • Promoting 'eat out to help out' on the Isle of Bute, Scotland, in August 2020. Getty Images
    Promoting 'eat out to help out' on the Isle of Bute, Scotland, in August 2020. Getty Images
  • A member of the public takes a selfie with Rishi Sunak during a visit to Scotland in August 2020. AFP
    A member of the public takes a selfie with Rishi Sunak during a visit to Scotland in August 2020. AFP
  • Visiting a Wagamama restaurant in central London in July 2020. Photo: HM Treasury
    Visiting a Wagamama restaurant in central London in July 2020. Photo: HM Treasury
  • Rishi Sunak visits a Pret A Manger in Westminster in July 2020. HM Treasury
    Rishi Sunak visits a Pret A Manger in Westminster in July 2020. HM Treasury
  • With Mr Johnson at his first Cabinet meeting after a reshuffle at 10 Downing Street in February 2020. Getty Images
    With Mr Johnson at his first Cabinet meeting after a reshuffle at 10 Downing Street in February 2020. Getty Images
  • Mr Sunak speaks during a general election debate in Cardiff in November 2019. Getty Images
    Mr Sunak speaks during a general election debate in Cardiff in November 2019. Getty Images

“We are putting the full might of the British government and our private sector partners behind our push to become a scientific and technological superpower, because only through being world leaders in future industries like AI and quantum will we be able to improve the lives of every Briton,” she said.

The new plan is backed by an initial set of projects, including a £250 million investment in AI, quantum technology and engineering biology, as well as the publication of a new review of UK research by Sir Paul Nurse, director of the Francis Crick Institute.

“It is absolutely right, as the Prime Minister has said, that the future of the UK depends upon research, science and technology," Sir Paul said.

“Only by being a leading science nation can the UK drive a sustainable economy, increased productivity and generate societal benefits such as improved health care and protecting the environment.”

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

Zimbabwe v UAE, ODI series

All matches at the Harare Sports Club:

1st ODI, Wednesday, April 10

2nd ODI, Friday, April 12

3rd ODI, Sunday, April 14

4th ODI, Tuesday, April 16

UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

ULTRA PROCESSED FOODS

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

Mobile phone packages comparison
The specs

Engine: 5.2-litre V10

Power: 640hp at 8,000rpm

Torque: 565Nm at 6,500rpm

Transmission: 7-speed dual-clutch auto

Price: From Dh1 million

On sale: Q3 or Q4 2022 

Story of 2017-18 so far and schedule to come

Roll of Honour

Who has won what so far in the West Asia rugby season?

 

Western Clubs Champions League

Winners: Abu Dhabi Harlequins

Runners up: Bahrain

 

Dubai Rugby Sevens

Winners: Dubai Exiles

Runners up: Jebel Ali Dragons

 

West Asia Premiership

Winners: Jebel Ali Dragons

Runners up: Abu Dhabi Harlequins

 

UAE Premiership Cup

Winners: Abu Dhabi Harlequins

Runners up: Dubai Exiles

 

Fixtures

Friday

West Asia Cup final

5pm, Bahrain (6pm UAE time), Bahrain v Dubai Exiles

 

West Asia Trophy final

3pm, The Sevens, Dubai Hurricanes v Dubai Sports City Eagles

 

Friday, April 13

UAE Premiership final

5pm, Al Ain, Dubai Exiles v Abu Dhabi Harlequins

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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.”

Profile

Company name: Jaib

Started: January 2018

Co-founders: Fouad Jeryes and Sinan Taifour

Based: Jordan

Sector: FinTech

Total transactions: over $800,000 since January, 2018

Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups

McLaren GT specs

Engine: 4-litre twin-turbo V8

Transmission: seven-speed

Power: 620bhp

Torque: 630Nm

Price: Dh875,000

On sale: now

Company%20profile
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Indoor cricket in a nutshell

Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

Know your cyber adversaries

Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.

Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.

Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.

Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.

Phishing: Aims to secure personal information, such as passwords and credit card numbers.

Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.

Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.

Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.

Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.

Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.

Zero-day exploit: Exploits a vulnerability in software before a fix is found.

The bio:

Favourite holiday destination: I really enjoyed Sri Lanka and Vietnam but my dream destination is the Maldives.

Favourite food: My mum’s Chinese cooking.

Favourite film: Robocop, followed by The Terminator.

Hobbies: Off-roading, scuba diving, playing squash and going to the gym.

 

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Tips for entertaining with ease

·         Set the table the night before. It’s a small job but it will make you feel more organised once done.

·         As the host, your mood sets the tone. If people arrive to find you red-faced and harried, they’re not going to relax until you do. Take a deep breath and try to exude calm energy.

·         Guests tend to turn up thirsty. Fill a big jug with iced water and lemon or lime slices and encourage people to help themselves.

·         Have some background music on to help create a bit of ambience and fill any initial lulls in conversations.

·         The meal certainly doesn’t need to be ready the moment your guests step through the door, but if there’s a nibble or two that can be passed around it will ward off hunger pangs and buy you a bit more time in the kitchen.

·         You absolutely don’t have to make every element of the brunch from scratch. Take inspiration from our ideas for ready-made extras and by all means pick up a store-bought dessert.

 

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

DUNGEONS%20%26%20DRAGONS%3A%20HONOR%20AMONG%20THIEVES
%3Cp%3EDirectors%3A%20John%20Francis%20Daley%20and%20Jonathan%20Goldstein%3Cbr%3EStars%3A%20Chris%20Pine%2C%20Michelle%20Rodriguez%2C%20Rege-Jean%20Page%2C%20Justice%20Smith%2C%20Sophia%20Lillis%3Cbr%3ERating%3A%203%2F5%3C%2Fp%3E%0A

Age 26

Born May 17, 1991

Height 1.80 metres

Birthplace Sydney, Australia

Residence Eastbourne, England

Plays Right-handed

WTA titles 3

Prize money US$5,761,870 (Dh21,162,343.75)

Wins / losses 312 / 181

Updated: March 06, 2023, 12:01 AM