A top Pentagon official is visiting the UAE and other countries in the region this week to underline the importance of Washington working closely with its allies and partners to strengthen global security, the US Department of Defence said on Tuesday.
Dr Colin Kahl, the US under secretary of defence for policy, will also reinforce the need for allies to work together to maintain prosperity in the region.
The defence official arrived in Israel on Tuesday where he will lead the Defence Policy Advisory Group to discuss the two countries' shared interests.
He will also meet senior Israeli defence officials and “visit some of Israel’s most innovative defence technology companies to see demonstrations of cutting-edge emerging and critical capabilities”, Pentagon spokesman Lt Col David Herndon said.
In the UAE, Dr Kahl will lead the US delegation at the Joint Military Dialogue focusing on bilateral relationships and security in the region.
“The JMD is the foremost bilateral defence forum for advancing the US-UAE defence partnership, including shared security interests and a wide range of objectives for the relationship,” Col Herndon said.
His visit to the UAE comes after the two nations signed a strategic partnership to invest $100 billion in clean energy projects by 2035.
Dr Kahl will also deliver remarks in Bahrain that will focus on advancing common security objectives at the Institute for Strategic Studies Manama Dialogue.
He is scheduled to visit the Task Force 59 and the headquarters of US Naval Forces Central Command, which operates a naval partnership to promote security in international waters.
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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