The former UK trade and industry secretary Peter Mandelson will today deliver one of the keynote speeches at the opening session of the Abu Dhabi Entrepreneurship Forum.
The two-day event organised by the Khalifa Fund for Enterprise Development has attracted more than 50 top entrepreneurs, investors and government officials from Europe, the United States and the Middle East as speakers and participants in various panel discussions and workshops.
The Khalifa Fund was set up in 2007 with the aim of supporting young Emirati entrepreneurs – especially those from Abu Dhabi. The fund is a crucial part of the government's plan to diversify the economy over the next 15 years or so – the so-called Economic Vision 2030.
“After six years of experience at Khalifa Fund, we have developed the knowledge of what leads to the success of SMEs and the challenges that they face across different sectors, such as industries, services and retail,” said Hussain Jassim Al Nowais, the fund chairman. “The objective of the forum is to share this knowledge with small enterprises and those who would be interested in becoming entrepreneurs.”
This is the first time the Khalifa Fund has organised such an event. But it plans to hold the forum annually if it is successful.
There will be sessions on SME financing, microfinancing, e-learning for business education, youth and social inclusion. There will also be discussions covering the challenges that face entrepreneurs and start-up businesses.
Another headline speaker is Chad Hurley, the co-founder of YouTube, who is making his first visit to the UAE.
From the UAE, Rabea Ataya, the founder and chief executive of the Middle East job site Bayt.com, is among those representing long-established entrepreneurs; Buthaina Al Mazrui and Alamira Noor Bani Hashim, the founders of The Dinner Club by No. 57, are among the younger generation of innovators who will attend.
“The forum is also an opportunity to exchange views and develop business opportunities,” Mr Al Nowais said.
Aisha Saeed Harib, the founder of the UAE social start-up Socialbandage, agrees. She will be attending the forum as a speaker, but also views the event as a good networking opportunity.
“I see this as a place to learn about the other speakers, to hear their stories and to get inspired,” she said. “It’s good to get news of what other start-ups are doing and it’s always nice to meet people face to face.”
A total of 1,500 people are expected to attend the event at the Abu Dhabi National Exhibition Centre. Also present will be 50 companies that the fund has supported over the past 14 months.
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The specs
Engine: 4.0-litre flat-six
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Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
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A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
'The Woman in the House Across the Street from the Girl in the Window'
Director:Michael Lehmann
Stars:Kristen Bell
Rating: 1/5
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.
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
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
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
MATCH INFO
Qalandars 112-4 (10 ovs)
Banton 53 no
Northern Warriors 46 all out (9 ovs)
Kumara 3-10, Garton 3-10, Jordan 2-2, Prasanna 2-7
Qalandars win by six wickets
The specs
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
