The UAE’s Industrial Co-ordination Council has held a meeting to discuss ways of bringing in technological investments that will help to improve the competitiveness of the sector and support the transformation of the wider economy.
An online meeting of the council, which was formed in 2016 to boost co-operation and develop a national strategy for industry, also discussed efforts made to strengthen the sector and and reviewed efforts to improve its ranking in global indexes.
“Applying the technologies of the Fourth Industrial Revolution will be core to achieving our objectives for the UAE’s industrial sector,” said Dr Sultan Al Jaber, the UAE’s Minister of Industry and Advanced Technology, who chaired the meeting.
“While we have already taken great strides in creating an advanced industrial infrastructure, by leveraging technology we will be able to further develop the sector, create greater opportunities for economic diversification and contribute to the achievement of a knowledge economy,” he added.
The UAE’s industrial output increased by 2.1 per cent last year, accounting for 46.2 per cent of gross domestic product, according to World Bank data.
“The current pandemic has pushed key industries to adopt the latest technologies in order to continue operating efficiently, which is increasing our economy’s readiness to adopt pivotal Industry 4.0 technologies,” Sarah Al Amiri, Minister of State for Advanced Technology, said.
She emphasised the importance of co-operation, the setting up of specialist working groups and optimal use of technology in strengthening the sector.
The meeting discussed how to improve the UAE’s position in the United Nations Industrial Development Organisation rankings, as well as how to adopt lessons learned from best practice in other countries. It stressed the importance of maintaining a dialogue with the private sector and supporting the development of SMEs.
The UAE’s industry ministry is working alongside the council on a framework for new laws, initiatives and policies to encourage the growth of the sector and create more in-country value.
In numbers
Number of Chinese tourists coming to UAE in 2017 was... 1.3m
Alibaba’s new ‘Tech Town’ in Dubai is worth... $600m
China’s investment in the MIddle East in 2016 was... $29.5bn
The world’s most valuable start-up in 2018, TikTok, is valued at... $75bn
Boost to the UAE economy of 5G connectivity will be... $269bn
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MATCH SCHEDULE
Uefa Champions League semi-final, first leg
Tuesday, April 24 (10.45pm)
Liverpool v Roma
Wednesday, April 25
Bayern Munich v Real Madrid (10.45pm)
Europa League semi-final, first leg
Thursday, April 26
Arsenal v Atletico Madrid (11.05pm)
Marseille v Salzburg (11.05pm)
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster with a decades-long career in TV. He has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others. Karam is also the founder of Takreem.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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Killing of Qassem Suleimani
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The specs
Common to all models unless otherwise stated
Engine: 4-cylinder 2-litre T-GDi
0-100kph: 5.3 seconds (Elantra); 5.5 seconds (Kona); 6.1 seconds (Veloster)
Power: 276hp
Torque: 392Nm
Transmission: 6-Speed Manual/ 8-Speed Dual Clutch FWD
Price: TBC
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
Match info
Uefa Champions League Group H
Juventus v Valencia, Tuesday, midnight (UAE)
Killing of Qassem Suleimani
The bio
Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district
Was a middle distance state athletics champion in school
Enjoys driving to Fujairah and Ras Al Khaimah with family
His dream is to continue working as a social worker and help people
Has seven diaries in which he has jotted down notes about his work and money he earned
Keeps the diaries in his car to remember his journey in the Emirates
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
UAE currency: the story behind the money in your pockets
RESULT
Manchester City 1 Sheffield United 0
Man City: Jesus (9')
Who are the Soroptimists?
The first Soroptimists club was founded in Oakland, California in 1921. The name comes from the Latin word soror which means sister, combined with optima, meaning the best.
The organisation said its name is best interpreted as ‘the best for women’.
Since then the group has grown exponentially around the world and is officially affiliated with the United Nations. The organisation also counts Queen Mathilde of Belgium among its ranks.
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
