Sheikh Mohammed bin Rashid was accompanied to Gitex by Omar Al Olama, Minister of State for AI, Digital Economy and Remote Work Applications, and several senior officials. Photo: Dubai Media Office
Sheikh Mohammed bin Rashid was accompanied to Gitex by Omar Al Olama, Minister of State for AI, Digital Economy and Remote Work Applications, and several senior officials. Photo: Dubai Media Office
Sheikh Mohammed bin Rashid was accompanied to Gitex by Omar Al Olama, Minister of State for AI, Digital Economy and Remote Work Applications, and several senior officials. Photo: Dubai Media Office
Sheikh Mohammed bin Rashid was accompanied to Gitex by Omar Al Olama, Minister of State for AI, Digital Economy and Remote Work Applications, and several senior officials. Photo: Dubai Media Office

Sheikh Mohammed says Gitex reflects confidence of global tech players in the UAE


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Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, toured Gitex Global 2024 conference on the opening day of the technology show on Monday

He said the "remarkable increase in international participation at Gitex 2024" confirms Dubai's position "as a global hub for advanced technologies such as artificial intelligence".

There has been a nearly 40 per cent increase in global participation at this year’s Gitex, with more than 400 government and digital agencies, and a host of new participants.

"We have a clear vision to advance the UAE’s leadership in the global digital and technology landscape, making it the world’s most future-ready nation. And Gitex is a testament to this vision," Sheikh Mohammed added.

“By fostering a culture of innovation and excellence, we are unlocking new opportunities for both established industry players and emerging entrepreneurs to grow and thrive.

"While we remain dedicated to nurturing homegrown talent and expertise, we are equally focused on forging strong partnerships with global technology leaders to accelerate progress and shape the future of this vital sector.”

Sheikh Mohammed also reviewed advancements in technology while visiting the pavilions of Etisalat, Huawei, H3C, Oracle, G42, Microsoft and IBM, and highlighted how Gitex "further accelerates the momentum set by [the country's] latest initiatives like the 'Dubai Universal Blueprint for Artificial Intelligence’".

The event will deliver more than 120 hours of AI-focused content and will feature the launch of the region’s largest Data Centre Symposium, which sets the stage for AI Everything Global 2025.

It also creates "an environment that nurtures innovation and empowers companies to explore the vast potential of emerging technologies", Sheikh Mohammed added.

Gitex 2024 is set to provide a strong boost to the goals of the Dubai Economic Agenda D33 to double the emirate’s GDP and generate an annual Dh100 billion contribution from digital transformation by 2033.

The 44th Gitex will bring together more than 6,500 exhibitors from at least 180 countries and run until October 18.

The specs

Engine: 1.5-litre 4-cyl turbo

Power: 194hp at 5,600rpm

Torque: 275Nm from 2,000-4,000rpm

Transmission: 6-speed auto

Price: from Dh155,000

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Profile of Foodics

Founders: Ahmad AlZaini and Mosab AlOthmani

Based: Riyadh

Sector: Software

Employees: 150

Amount raised: $8m through seed and Series A - Series B raise ongoing

Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

Games on BeIN Sports

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Which honey takes your fancy?

Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

Sidr Honey

The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest

Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments

The specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

UAE currency: the story behind the money in your pockets
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FIGHT CARD

Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)

Catchweight 67kg Mohamed El Mesbahi (MAR) v Fouad Mesdari (ALG)

Lighweight Abdullah Mohammed Ali (UAE) v Abdelhak Amhidra (MAR)

Catchweight 73kg Mostafa Ibrahim Radi (PAL) v Yazid Chouchane (ALG)

Middleweight Yousri Belgaroui (TUN) v Badreddine Diani (MAR)

Catchweight 78kg Rashed Dawood (UAE) v Adnan Bushashy (ALG)

Middleweight Sallaheddine Dekhissi (MAR) v Abdel Emam (EGY)

Catchweight 65kg Rachid Hazoume (MAR) v Yanis Ghemmouri (ALG)

Lighweight Mohammed Yahya (UAE) v Azouz Anwar (EGY)

Catchweight 79kg Omar Hussein (PAL) v Souhil Tahiri (ALG)

Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)

ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

How to join and use Abu Dhabi’s public libraries

• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.

• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.

• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.

• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.

• For more information visit the library network's website.

The Matrix Resurrections

Director: Lana Wachowski

Stars:  Keanu Reeves, Carrie-Anne Moss, Jessica Henwick 

Rating:****

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Updated: October 14, 2024, 5:54 PM`