The Department of Health Abu Dhabi (DoH), the UAE’s largest healthcare group Pure Health and its subsidiary Rafed, have joined the Ministry of Industry and Advanced Technology’s In-Country Value (ICV) programme, which seeks to support local industrial growth.
The initial agreement, which was signed in the presence of Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, is in line with the ministry’s objectives to support the UAE’s industrial sector and national economy. It aims to expand the implementation of the national ICV programme to include all sectors at federal and local levels.
The enrolment of new entities in the programme incentivises ICV-certified companies, as it increases the demand for local products and services and redirects higher portions of public and private spending to the national economy, MoIAT said in a statement.
We use a specific methodology to empower the industrial sector, support national industries, stimulate investments and enhance the industrial sector’s contribution to GDP
Omar Al Suwaidi,
MoIAT’s undersecretary
The ICV programme, part of the UAE's Projects of the 50 that was launched in September 2021, aims to boost the growth of domestic industries by redirecting half of government spending on procurements and tender contracts into the national economy by 2031.
Last year, it redirected more than Dh53 billion ($14.43 billion) of spending into the national economy, an annual increase of 25 per cent.
The programme aims to empower the industrial sector, improve its performance and ensure its sustainability by increasing the ICV of national industries and services, and redirecting public and private spending into the national economy, said MoIAT’s undersecretary Omar Al Suwaidi.
“We use a specific methodology to empower the industrial sector, support national industries, stimulate investments and enhance the industrial sector’s contribution to GDP [gross domestic product],” Mr Al Suwaidi said.
“In doing so, we contribute to the objectives of the UAE to become a global industrial hub that attracts capital and invests in the industries of the future."
The programme also supports the goals of the Make it in the Emirates campaign, which was launched by the MoIAT to attract investment and promote sustainable industrial development in the UAE.
The campaign boosts the adoption of advanced technology in the industrial sector through the Industry 4.0 programme, which was launched to enhance the contribution of the industrial sector to the national economy.
“DoH will support the UAE’s investments in a value-added economy and a sustainable healthcare sector, while ensuring the creation of new job opportunities for local talents, thus benefiting the members of our community in Abu Dhabi and the UAE,” said Jamal Mohammed Al Kaabi, DoH undersecretary.
“We remain focused on co-operating with local and international partners, elevating our research capabilities and empowering our workforce.”
In January last year, Abu Dhabi holding company ADQ signed a deal to merge its healthcare subsidiaries, including Abu Dhabi Health Services Company, better known as Seha, and the National Health Insurance Company (Daman) with Alpha Dhabi’s Pure Health to create the UAE’s largest healthcare provider.
ADQ also merged its healthcare entities Rafed and Union71 with Pure Health in 2021.
“Pure Health is committed to not only elevating the healthcare landscape in the country but also supporting the growth of the UAE’s industrial sector, developing local capabilities and boosting the In-Country Value to ensure a sustainable future to achieve the future industrial vision,” said Farhan Malik, managing director and chief executive of Pure Health.
Pure Health has also committed to spend Dh10 billion over the next 10 years on procuring products in the UAE and supporting the country's economy.
In September, it announced a minority equity investment of $500 million in US-based Ardent Health Services, as it seeks to expand its operations in the US market.
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Britain's travel restrictions
- A negative test 2 days before flying
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- Book a post-arrival PCR test
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SHAITTAN
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UAE currency: the story behind the money in your pockets
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
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- Field operator: Dh5,000 to Dh7,000
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
ICC Intercontinental Cup
UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed
Fixtures Nov 29-Dec 2
UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi
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Ireland v Scotland, Dubai International Stadium
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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
THE SPECS
Engine: 1.5-litre
Transmission: 6-speed automatic
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Price: From Dh59,700
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Graphene is extracted from graphite and is made up of pure carbon.
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It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
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FA Cup fifth round draw
Sheffield Wednesday v Manchester City
Reading/Cardiff City v Sheffield United
Chelsea v Shrewsbury Town/Liverpool
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Leicester City v Coventry City/Birmingham City
Northampton Town/Derby County v Manchester United
Southampton/Tottenham Hotspur v Norwich City
Portsmouth v Arsenal
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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
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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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Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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.
