Aside from the tragedy of war, the main driver of migration is still a lack of opportunities at home. But when the best and brightest minds leave in search of a better life abroad, their home countries lose the talent they need for their economies to grow and societies to flourish. This vicious cycle entrenches the gap between rich and poor countries and causes further migration.
The migration crisis is arguably the single biggest policy challenge facing governments in the 21st century. The long-term answer to this is economic. Only economic regeneration will create the jobs and opportunities needed to close the gap between the world’s rich and poor, and industry must spearhead that regeneration.
Manufacturing and technological innovation are the lifeblood of modern economies. Across the world, manufacturing industries account for 8 to 10 per cent of all jobs – employing 500 million people – and about 17 per cent of the world’s economic output. Industry creates employment and wealth by converting investment into income.
Addressing the long-term challenge of economic migration is one of the main objectives of the first Global Manufacturing and Industrialisation Summit (GMIS), which is being held this week in Abu Dhabi.
Hosted by the UAE Government and the United Nations Industrial Development Organisation, GMIS was endorsed by the former UN secretary general Ban Ki Moon to be the world’s first global gathering for the manufacturing community, bringing together more than 1,000 leaders in business, government and civil society. The aim is to create a forum that finds solutions to global challenges of stagnant economies, diminishing natural resources and rapid population growth. It is about taking a transformational approach for global manufacturing that enables it to meet the needs of the global economy – and the world’s citizens – over the coming decades. There is a fear that automation could increase the economic divide between rich and poor countries, as computers and machines replace workers across a spectrum of industries. It is our responsibility to ensure that the “creative disruption” of the Fourth Industrial Revolution, led by the Internet of Things, does not entrench the gap between rich and poor. We must ensure that it spurs a new renaissance in manufacturing and job creation across the world by drastically improving the efficiency of business and organisations to spur further growth and development, responsibly and sustainably.
To achieve this, business leaders must begin questioning everything, from rethinking their strategies and business models, to uncovering the right investments in research and development.
Meanwhile, cooperation is needed between government, education and innovative employers to ensure that young people have the training, skills and education they need. Nothing can be more disruptive to any economy than unemployment, especially when the victim is young and educated.
This lack of opportunity is not only a challenge for the poorer south, but also the more affluent north. Long-term unemployment in the UK, US and other wealthy countries has been caused, in large part, by the collapse of industries which have not yet been replaced. This, in turn, has been a cause of political and social volatility on both sides of the Atlantic.
The premise of GMIS is that the Fourth Industrial Revolution will be at the heart of prosperity in all countries. It could enable industrialising countries to accelerate the growth of their manufacturing sectors, and enable the UK, and others, to replace the industries of the past with data and internet-driven manufacturing bases that match the growing pool of internet-savvy graduates.
Unlike the G20 or World Economic Forum, GMIS will bring together the entire spectrum of manufacturing, spanning low-tech and high-tech industries and encompassing both the developed world and fast-emerging economies with nascent manufacturing sectors.
As Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, said last December: “In this era of the Fourth Industrial Revolution, the UAE has chosen to be at the forefront of this revolution. Our role in this is essential, at both regional and global levels.”
Previous waves of technological revolution have concentrated the rewards in the hands of a small elite. Our challenge is to ensure that no country, region or person is left behind.
Badr Al Olama is the Chief executive of Strata Manufacturing
business@thenational.ae
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The biogs
Name: Zinah Madi
Occupation: Co-founder of Dots and links
Nationality: Syrian
Family: Married, Mother of Tala, 18, Sharif, 14, Kareem, 2
Favourite Quote: “There is only one way to succeed in anything, and that is to give it everything.”
Name: Razan Nabulsi
Occupation: Co-founder of Dots and Links
Nationality: Jordanian
Family: Married, Mother of Yahya, 3.5
Favourite Quote: A Chinese proverb that says: “Be not afraid of moving slowly, be afraid only of standing still.”
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
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.
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Killing of Qassem Suleimani
England-South Africa Test series
1st Test England win by 211 runs at Lord's, London
2nd Test South Africa win by 340 runs at Trent Bridge, Nottingham
3rd Test July 27-31 at The Oval, London
4th Test August 4-8 at Old Trafford, Manchester
Profile of Whizkey
Date founded: 04 November 2017
Founders: Abdulaziz AlBlooshi and Harsh Hirani
Based: Dubai, UAE
Number of employees: 10
Sector: AI, software
Cashflow: Dh2.5 Million
Funding stage: Series A
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
UAE Team Emirates
Valerio Conti (ITA)
Alessandro Covi (ITA)
Joe Dombrowski (USA)
Davide Formolo (ITA)
Fernando Gaviria (COL)
Sebastian Molano (COL)
Maximiliano Richeze (ARG)
Diego Ulissi (ITAS)
MATCH INFO
Uefa Champions League semi-final, second leg
Real Madrid (2) v Bayern Munich (1)
Where: Santiago Bernabeu, Madrid
When: 10.45pm, Tuesday
Watch Live: beIN Sports HD
Mia Man’s tips for fermentation
- Start with a simple recipe such as yogurt or sauerkraut
- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.
- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.
- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
Transmission: eight-speed auto
Price: from Dh122,745
On sale: now
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UAE currency: the story behind the money in your pockets
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
PRIMERA LIGA FIXTURES
All times UAE ( 4 GMT)
Saturday
Atletico Madrid v Sevilla (3pm)
Alaves v Real Madrid (6.15pm)
Malaga v Athletic Bilbao (8.30pm)
Girona v Barcelona (10.45pm)
Sunday
Espanyol v Deportivo la Coruna (2pm)
Getafe v Villarreal (6.15pm)
Eibar v Celta Vigo (8.30pm)
Las Palmas v Leganes (8.30pm)
Real Sociedad v Valencia (10.45pm)
Monday
Real Betis v Levante (11.pm)
What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
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
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SPEC%20SHEET
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Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
Bob Honey Who Just Do Stuff
By Sean Penn
Simon & Schuster
Family reunited
Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.
She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.
She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.
The couple were married in August 2009 in Winchester and their daughter was born in June 2014.
She was held in her native country a year later.
UAE currency: the story behind the money in your pockets
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BANGLADESH SQUAD
Mashrafe Mortaza (captain), Tamim Iqbal, Liton Das, Soumya Sarkar, Mushfiqur Rahim (wicketkeeper), Mahmudullah, Shakib Al Hasan (vice captain), Mohammad Mithun, Sabbir Rahaman, Mosaddek Hossain, Mohammad Saifuddin, Mehidy Hasan Miraz, Rubel Hossain, Mustafizur Rahman, Abu Jayed (Reporting by Rohith Nair in Bengaluru Editing by Amlan Chakraborty)
