The UAE expects a 20 per cent increase in the number of patent applications in 2022, aided by a new industrial property law that aims to attract more foreign investments to priority sectors and making it easier for start-ups to operate.
The Ministry of Economy received 2,428 patent applications last year, up from 1,917 requests in 2020, mainly within sectors including machinery, construction, chemical engineering, pharmaceuticals and biotechnology, electricity, metals and information and communication technology, the ministry said in a media briefing on Tuesday.
The total number of patent applications tripled over the past decade to reach 24,511 in 2020, up from 8,028 in 2010.
This new law forms a part of extensive legal reforms announced last November.
The UAE will reach its growth goals by "accelerating the transformation towards a new, more flexible and sustainable knowledge-based economic model that keeps pace with the latest economic trends in which innovation, technology, research and development, national competencies, investors, talent and entrepreneurs are the key drivers of progress", said Ahmad Al Falasi, Minister of State for Entrepreneurship and SMEs.
The number of patent filings is one of the metrics used to gauge the level of innovation in a country, according to the World Intellectual Property Organisation (Wipo). The UAE – the Arab world’s second-largest economy – climbed one spot in Wipo's Global Innovation Index 2021 to rank 33rd out of 132 countries.
The country ranked 32nd among the 51 high-income group economies and third among the 19 economies in Northern Africa and Western Asia.
Wipo placed the UAE at the top spot among Arab nations for the sixth consecutive year, citing its infrastructure, business sophistication, human capital and research and market sophistication.
The UAE's new industrial property and patents law is expected to particularly benefit individual investors, universities or academic institutions that oversee the development of inventions by their students, companies with inventions or R&D centres, innovative entrepreneurs, small and medium businesses and start-ups, the information and technology sector, and tech companies.
The Ministry of Economy reduced the direct cost of applying for patents from Dh7,500 to Dh1,000 for students, Dh3,500 for entrepreneurs and Dh5,000 for large companies, making it a more accessible, cheaper and faster process for a range of applicants, Mr Al Falasi said.
The new legislation introduces fundamental amendments to the previous industrial property law No. 31 of 2006 to improve the intellectual property and patent environment in the country, he said.
Through the new law, the ministry aims to reduce the time taken for patent examinations to six months, from 42 months previously, in line with best practices followed by global patent offices in Japan, South Korea, US, China and EU.
The new law now protects industrial property rights by adding rights that were not included in the previous legislation. These are the protection of integrated circuit layout designs and the protection of undisclosed information that will encourage research in industrial and commercial areas.
The new law will also add several new procedures for flexibility in managing and examining applications.
Firstly, this includes a fast-track for patent applications that require swift actions and secondly, converting patent applications to utility certificates and vice versa. Thirdly, it will be possible to divide patent applications, utility certificates and industrial design into several filings to allow protection of the invention in the various stages of its development, the ministry said.
Overall, the new law will create a more competitive and stimulating environment for investment in areas related to innovation and invention, and support the country's industrial development goals, Mr Al Falasi said. It will also increase the UAE's attractiveness as a destination for innovative companies and improve the country's ranking in relevant indicators such as the Global Innovation Index.
In 2014, the UAE introduced its National Innovation Strategy with the aim of making the country one of the world’s most innovative within seven years. The strategy identifies education, health care, technology, transportation, renewable energy, space and water as the main priority sectors.
THE SPECS
Cadillac XT6 2020 Premium Luxury
Engine: 3.6L V-6
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Power: 310hp
Torque: 367Nm
Price: Dh280,000
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How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
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ICC T20 Team of 2021
Jos Buttler, Mohammad Rizwan, Babar Azam, Aiden Markram, Mitchell Marsh, David Miller, Tabraiz Shamsi, Josh Hazlewood, Wanindu Hasaranga, Mustafizur Rahman, Shaheen Afridi
Results
57kg quarter-finals
Zakaria Eljamari (UAE) beat Hamed Al Matari (YEM) by points 3-0.
60kg quarter-finals
Ibrahim Bilal (UAE) beat Hyan Aljmyah (SYR) RSC round 2.
63.5kg quarter-finals
Nouredine Samir (UAE) beat Shamlan A Othman (KUW) by points 3-0.
67kg quarter-finals
Mohammed Mardi (UAE) beat Ahmad Ondash (LBN) by points 2-1.
71kg quarter-finals
Ahmad Bahman (UAE) defeated Lalthasanga Lelhchhun (IND) by points 3-0.
Amine El Moatassime (UAE) beat Seyed Kaveh Safakhaneh (IRI) by points 3-0.
81kg quarter-finals
Ilyass Habibali (UAE) beat Ahmad Hilal (PLE) by points 3-0
Padmaavat
Director: Sanjay Leela Bhansali
Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh
3.5/5
RESULTS
Men – semi-finals
57kg – Tak Chuen Suen (MAC) beat Phuong Xuan Nguyen (VIE) 29-28; Almaz Sarsembekov (KAZ) beat Zakaria Eljamari (UAE) by points 30-27.
67kg – Mohammed Mardi (UAE) beat Huong The Nguyen (VIE) by points 30-27; Narin Wonglakhon (THA) v Mojtaba Taravati Aram (IRI) by points 29-28.
60kg – Yerkanat Ospan (KAZ) beat Amir Hosein Kaviani (IRI) 30-27; Long Doan Nguyen (VIE) beat Ibrahim Bilal (UAE) 29-28
63.5kg – Abil Galiyev (KAZ) beat Truong Cao Phat (VIE) 30-27; Nouredine Samir (UAE) beat Norapat Khundam (THA) RSC round 3.
71kg – Shaker Al Tekreeti (IRQ) beat Fawzi Baltagi (LBN) 30-27; Amine El Moatassime (UAE) beat Man Kongsib (THA) 29-28
81kg – Ilyass Hbibali (UAE) beat Alexandr Tsarikov (KAZ) 29-28; Khaled Tarraf (LBN) beat Mustafa Al Tekreeti (IRQ) 30-27
86kg – Ali Takaloo (IRI) beat Mohammed Al Qahtani (KSA) RSC round 1; Emil Umayev (KAZ) beat Ahmad Bahman (UAE) TKO round
SPECS
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Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
MATCH INFO
Uefa Champions League last 16, second leg
Liverpool (0) v Atletico Madrid (1)
Venue: Anfield
Kick-off: Thursday, March 12, midnight
Live: On beIN Sports HD
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
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
German plea
Ukrainian President Volodymyr Zelenskyy told the German parliament that. Russia had erected a new wall across Europe.
"It's not a Berlin Wall -- it is a Wall in central Europe between freedom and bondage and this Wall is growing bigger with every bomb" dropped on Ukraine, Zelenskyy told MPs.
Mr Zelenskyy was applauded by MPs in the Bundestag as he addressed Chancellor Olaf Scholz directly.
"Dear Mr Scholz, tear down this Wall," he said, evoking US President Ronald Reagan's 1987 appeal to Soviet leader Mikhail Gorbachev at Berlin's Brandenburg Gate.
Ready Player One
Dir: Steven Spielberg
Starring: Tye Sheridan, Olivia Cooke, Ben Mendelsohn, Mark Rylance
UAE currency: the story behind the money in your pockets
