Abdulla bin Touq, Minister of Economy, and Ohoud Al Roumi, Minister of State for Governmental Development and Future, at the launch the Future 100 programme in Dubai. Pawan Singh / The National
Abdulla bin Touq, Minister of Economy, and Ohoud Al Roumi, Minister of State for Governmental Development and Future, at the launch the Future 100 programme in Dubai. Pawan Singh / The National
Abdulla bin Touq, Minister of Economy, and Ohoud Al Roumi, Minister of State for Governmental Development and Future, at the launch the Future 100 programme in Dubai. Pawan Singh / The National
Abdulla bin Touq, Minister of Economy, and Ohoud Al Roumi, Minister of State for Governmental Development and Future, at the launch the Future 100 programme in Dubai. Pawan Singh / The National

UAE launches initiative to support top 100 start-ups


Alvin R Cabral
  • English
  • Arabic

The UAE has launched a new programme aimed at supporting and honouring the top 100 start-ups that will have a significant impact on the country's economy and boost its readiness for the future.

The Future 100 initiative will support new economic sectors such as space, renewable energy and emerging technology, which will shape the country's future economy, the Ministry of Economy and the Ministry of Governmental Development and Future said at its launch in Dubai on Tuesday.

The top 100 future-ready companies will be honoured annually, based on “clear” criteria, objectives and aspects, and would also help in defining new parameters for the future economy, said Minister of Economy Abdulla bin Touq.

“The question in 2020 was: 'what will the GDP of the UAE look like in the future economy? … are we going to stay and wait for another pandemic to take action and try to rectify these things?' So we took it upon us to really lead the economy,” he said at the launch, referring to the height of the Covid-19 pandemic, which severely affected the global economy.

“The most important part of it is [that] these economic changes [used to] have a lagged impact of about two years. Today, there is a huge diversification in terms of [growth impact] numbers.”

The UAE is among the most proactive governments worldwide, drawing up programmes to support the economy and keep it ahead of the curve in a rapidly changing landscape defined by digital transformation.

To achieve the goals of the future economy, the government has already launched several initiatives.

These include the UAE Centennial 2017 road map, the Fifty Economic Plan, the Emirates Blockchain Strategy, the Green Growth Strategy, the Strategy for the Fourth Industrial Revolution, the Circular Economy Policy, the National Programme for Artificial Intelligence 2031 and the Energy Strategy 2050.

In the next 20 years, the pace of change will be more than what it is today. It is difficult to predict the future, but we know it will be different and we have to be ready for it
Ohoud Al Roumi,
Minister of State for Government Development and the Future

“Because of the UAE's futuristic vision, we are today enjoying a successful and unique development model,” Ohoud Al Roumi, Minister of State for Government Developmental and Future, said at the launch.

“In the next 20 years, the pace of change will be more than what it is today. It is difficult to predict the future, but we know it will be different and we have to be ready for it.”

Meanwhile, the start-up ecosystem has received a strong boost in recent years as entrepreneurs tap into innovation to address consumer needs.

The industry received a further boost in October when the Ministry of Economy launched its updated Entrepreneurial Nation programme, which seeks to develop more than 8,000 small and medium enterprises and start-ups by 2030.

Funding for start-ups in the UAE — one of the top destinations for venture capital investments in the Mena region — rose by about 5 per cent in the third quarter to $148 million, according to start-up platform Magnitt.

Ahmad Alwan, deputy chief executive of Hub71, Abu Dhabi's technology ecosystem, said the Emirates was among the top countries in the world when it comes to start-ups.

“Not only are we able to attract opportunities, but we are also ready to transfer knowledge,” he said.

Faisal Belhoul, vice chairman of the Dubai Chamber, Mohammed Al Musharrakh, chief executive of Invest in Sharjah, and Ahmad Alwan, deputy chief executive of Hub71, take part in a panel discussion moderated by Lubna Bouza, editor-in-chief of business news at Sky News Arabia TV, during the launch of the Future 100 programme in Dubai on Tuesday.
Faisal Belhoul, vice chairman of the Dubai Chamber, Mohammed Al Musharrakh, chief executive of Invest in Sharjah, and Ahmad Alwan, deputy chief executive of Hub71, take part in a panel discussion moderated by Lubna Bouza, editor-in-chief of business news at Sky News Arabia TV, during the launch of the Future 100 programme in Dubai on Tuesday.

He was joined at a panel discussion by Faisal Belhoul, vice chairman of the Dubai Chamber, and Mohammed Al Musharrakh, chief executive of Invest in Sharjah.

Future 100 also aims to boost the UAE's ranking in global indexes, particularly in criteria such as competitiveness, entrepreneurship and investment.

Within the programme, the Emirates aims to pitch a number of benefits and incentives to young entrepreneurs and help them to establish start-ups with new ideas, eventually transforming them into international businesses.

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ESSENTIALS

The flights 
Fly Etihad or Emirates from the UAE to Moscow from 2,763 return per person return including taxes. 
Where to stay 
Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.

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Directed by: Jeethu Joseph

Starring: Mohanlal, Meena, Ansiba, Murali Gopy

Rating: 4 stars

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The specs
Engine: 3.0-litre 6-cyl turbo

Power: 374hp at 5,500-6,500rpm

Torque: 500Nm from 1,900-5,000rpm

Transmission: 8-speed auto

Fuel consumption: 8.5L/100km

Price: from Dh285,000

On sale: from January 2022 

Tips for entertaining with ease

·         Set the table the night before. It’s a small job but it will make you feel more organised once done.

·         As the host, your mood sets the tone. If people arrive to find you red-faced and harried, they’re not going to relax until you do. Take a deep breath and try to exude calm energy.

·         Guests tend to turn up thirsty. Fill a big jug with iced water and lemon or lime slices and encourage people to help themselves.

·         Have some background music on to help create a bit of ambience and fill any initial lulls in conversations.

·         The meal certainly doesn’t need to be ready the moment your guests step through the door, but if there’s a nibble or two that can be passed around it will ward off hunger pangs and buy you a bit more time in the kitchen.

·         You absolutely don’t have to make every element of the brunch from scratch. Take inspiration from our ideas for ready-made extras and by all means pick up a store-bought dessert.

 

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
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Company%20profile
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Why are asylum seekers being housed in hotels?

The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.

A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.

Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.

The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.

When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.

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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
FIXTURES

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Nov 23-27: 1ST TEST v AUSTRALIA, Brisbane
Dec 02-06: 2ND TEST v AUSTRALIA, Adelaide (d/n)
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Jan 04-08: 5TH TEST v AUSTRALIA, Sydney

Note: d/n = day/night

The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

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The BIO

Favourite piece of music: Verdi’s Requiem. It’s awe-inspiring.

Biggest inspiration: My father, as I grew up in a house where music was constantly played on a wind-up gramophone. I had amazing music teachers in primary and secondary school who inspired me to take my music further. They encouraged me to take up music as a profession and I follow in their footsteps, encouraging others to do the same.

Favourite book: Ian McEwan’s Atonement – the ending alone knocked me for six.

Favourite holiday destination: Italy - music and opera is so much part of the life there. I love it.

PROFILE OF STARZPLAY

Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

Water waste

In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.

Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.

A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.

The Emirates is the world’s third largest per capita water consumer after the US and Canada.

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Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

The specs
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  • Torque: 760nm
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  • Promises of high, fixed or 'guaranteed' returns.
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Courtesy: Carol Glynn, founder of Conscious Finance Coaching

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The studios taking part (so far)
  1. Punch
  2. Vogue Fitness 
  3. Sweat
  4. Bodytree Studio
  5. The Hot House
  6. The Room
  7. Inspire Sports (Ladies Only)
  8. Cryo
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

The five pillars of Islam
Updated: December 06, 2022, 11:12 AM`