Khalfan Belhoul, CEO of the Dubai Future Foundation, delivering his keynote speech at the third edition of the Dubai Future Forum at the Museum of the Future. Photo: Dubai Future Foundation.
Khalfan Belhoul, CEO of the Dubai Future Foundation, delivering his keynote speech at the third edition of the Dubai Future Forum at the Museum of the Future. Photo: Dubai Future Foundation.
Khalfan Belhoul, CEO of the Dubai Future Foundation, delivering his keynote speech at the third edition of the Dubai Future Forum at the Museum of the Future. Photo: Dubai Future Foundation.
Khalfan Belhoul, CEO of the Dubai Future Foundation, delivering his keynote speech at the third edition of the Dubai Future Forum at the Museum of the Future. Photo: Dubai Future Foundation.

Dubai Future Foundation chief unveils predictions for 2025


Dana Alomar
  • English
  • Arabic

The world is on the cusp of a series of firsts that will redefine the future across several domains, from measuring economic progress to the rise of AI-driven leadership, Khalfan Belhoul, chief executive of the Dubai Future Foundation, has said.

Addressing more than 2,500 futurists, thought leaders and experts from about 100 countries at the 2024 Dubai Future Forum, Mr Belhoul outlined the rapid technological and societal shifts poised to transform industries worldwide.

Khalfan Belhoul, chief executive of the Dubai Future Foundation, delivered his keynote speech at the third edition of the Dubai Future Forum. Photo: Dubai Future Foundation.
Khalfan Belhoul, chief executive of the Dubai Future Foundation, delivered his keynote speech at the third edition of the Dubai Future Forum. Photo: Dubai Future Foundation.

In his speech at Dubai's Museum of the Future on Tuesday, Mr Belhoul emphasised that the coming year will not bring mere incremental change but will usher in ground-breaking developments that will alter the course of history.

"We live in extraordinary times," he told the packed auditorium. "What we're about to see in the next 12 months isn't just change, it's a series of era-defining moments."

During his speech, Mr Belhoul outlined seven potential achievements that the world could witness in the months ahead, highlighting transformative developments across a number of sectors.

One of the major changes he spoke about was future of measurement in terms of economic prosperity.

Traditionally, GDP has been the standard for assessing a country's success but Mr Belhoul pointed out that this measurement is becoming increasingly obsolete.

He highlighted the UN move to incorporate environmental and well-being indicators into GDP calculations, signalling a shift towards a more holistic view of national progress. "What will the world look like if GDP is no longer the main indicator of growth?" he asked.

Space exploration was another topic, with the Dubai Future Foundation chief executive sharing his excitement about humanity's potential return to the Moon.

He discussed Nasa's 2025 lunar mission, which the space agency says will have astronauts orbit the Moon for the first time in more than 50 years.

"The Moon is a constant reminder for us here in the UAE – and for our own ambitious space programme – to dream bigger and reach higher," he said.

Mr Belhoul also discussed the growing role of artificial intelligence in leadership, suggesting the next major shift could be the appointment of an AI-generated board member of a Fortune 500 company. "Can AI possess vision and purpose, or will it simply optimise for efficiency?" he said.

The Neuralink disk implant held by Elon Musk during a presentation in 2020. AFP
The Neuralink disk implant held by Elon Musk during a presentation in 2020. AFP

He also touched upon potential medical breakthroughs, mentioning Elon Musk's Neuralink, which has already made waves with its brain-computer interface technology that has been tested on a 29-year-old quadriplegic, allowing the man to play chess on a computer using his mind.

Mr Belhoul's speech also mentioned the growing promise of personalised health care, driven by the expansion of genome banks. He said one of the world's largest genome banks would soon surpass one million samples, potentially revolutionising health care by enabling earlier disease prevention and personalised treatment plans.

"This milestone would not just be a scientific achievement, it would be a gateway to reshaping our approach to health, identity and human potential," he said.

The chief executive stressed that the technological revolution – driven by AI, renewable energy and healthcare advances – will challenge industries to evolve or face obsolescence.

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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UAE currency: the story behind the money in your pockets
Series result

1st ODI Zimbabwe won by 6 wickets

2nd ODI Sri Lanka won by 7 wickets

3rd ODI Sri Lanka won by 8 wickets

4th ODI Zimbabwe won by 4 wickets

5th ODI Zimbabwe won by 3 wickets

How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

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Updated: November 19, 2024, 11:55 AM