A company that uses artificial intelligence to speed up drug trials will open a research centre in Abu Dhabi.
Quris-AI signed an agreement with the Mohamed bin Zayed University of Artificial Intelligence this week to develop a bio-AI centre in the capital.
The Tel Aviv and Boston-based company recently attracted tens of millions of dollars in funding for its “patient-on-a-chip” technology, with Softbank's Vision Fund among the investors.
Quris research operations are led by Nobel laureate Prof Aaron Ciechanover and Moderna co-founder Prof Robert Langer.
One compelling aspect of my discussions has been about solving UAE-specific health problems faster and more cost-effectively
Prof Eric Xing,
Mohamed bin Zayed University of Artificial Intelligence
Prof Eric Xing, the university's president, said together the two parties would look at how drugs could be tailored for patient use in the UAE.
“One compelling aspect of my discussions with Prof Ciechanover and the Quris team has been about solving UAE-specific health problems faster and more cost-effectively,” Dr Xing said.
The “patient-on-a-chip” technique involves rapid tests using AI technology that simulates genetically diverse patients.
This negates the need for animal testing and avoids the risk and cost associated with failed clinical trials.
The average cost of developing a new drug from scratch takes a decade and costs $2.8 billion. Even then, about 90 per cent of new drugs fail the second stage of clinical trials.
“The organelle systems being developed at Quris are a revolutionary platform for high-throughput drug testing, which can be best served by a similarly high-throughput drug design pipeline using AI,” Prof Xing said.
“Our unique capacities in computational biology and machine learning at MBZUAI will enhance Quris’ efforts to accelerate the development of new personalised and potentially life-saving medicines.”
Dr Isaac Bentwich, founder and chief executive of Quris, said the centre was the latest step in UAE's ambitions to “to become a centre of excellence in AI as a strong pillar of the economy, and we are honoured to contribute to realising this vision”.
Dr Bentwich has previously likened drug testing to building 10 tower blocks, with the knowledge that “nine will crumble”.
“But you have no idea which ones will fall, so all you can do is build them and charge a higher rent on the one that keeps standing,” he said at the time.
“That's the problem we are trying to solve.”
As of December 2022, Quris had attracted $37 million in seed funding, including $9 million from Japan's SoftBank.
Former Pfizer chief executive Henry McKinnell is chairman of the Quris Advisory Board, alongside Dr Kobi Richter, founder of world-leading companies Medinol and Orbotech.
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.
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
KILLING OF QASSEM SULEIMANI
Killing of Qassem Suleimani
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
The specs: 2019 Subaru Forester
Price, base: Dh105,900 (Premium); Dh115,900 (Sport)
Engine: 2.5-litre four-cylinder
Transmission: Continuously variable transmission
Power: 182hp @ 5,800rpm
Torque: 239Nm @ 4,400rpm
Fuel economy, combined: 8.1L / 100km (estimated)
'Midnights'
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Farage on Muslim Brotherhood
Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.
SPECS
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Salah in numbers
€39 million: Liverpool agreed a fee, including add-ons, in the region of €39m (nearly Dh176m) to sign Salah from Roma last year. The exchange rate at the time meant that cost the Reds £34.3m - a bargain given his performances since.
13: The 25-year-old player was not a complete stranger to the Premier League when he arrived at Liverpool this summer. However, during his previous stint at Chelsea, he made just 13 Premier League appearances, seven of which were off the bench, and scored only twice.
57: It was in the 57th minute of his Liverpool bow when Salah opened his account for the Reds in the 3-3 draw with Watford back in August. The Egyptian prodded the ball over the line from close range after latching onto Roberto Firmino's attempted lob.
7: Salah's best scoring streak of the season occurred between an FA Cup tie against West Brom on January 27 and a Premier League win over Newcastle on March 3. He scored for seven games running in all competitions and struck twice against Tottenham.
3: This season Salah became the first player in Premier League history to win the player of the month award three times during a term. He was voted as the division's best player in November, February and March.
40: Salah joined Roger Hunt and Ian Rush as the only players in Liverpool's history to have scored 40 times in a single season when he headed home against Bournemouth at Anfield earlier this month.
30: The goal against Bournemouth ensured the Egyptian achieved another milestone in becoming the first African player to score 30 times across one Premier League campaign.
8: As well as his fine form in England, Salah has also scored eight times in the tournament phase of this season's Champions League. Only Real Madrid's Cristiano Ronaldo, with 15 to his credit, has found the net more often in the group stages and knockout rounds of Europe's premier club competition.
The specs
Engine: 6.2-litre V8
Transmission: ten-speed
Power: 420bhp
Torque: 624Nm
Price: Dh325,125
On sale: Now
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
