Like every government in the world, the UAE is adapting to an economic future in which the phrase “business as usual” will become increasingly obsolete. The Fourth Industrial Revolution has begun to usher in new methods of connection, production, consumption and value creation, with great speed and in ways that challenge the limits of what is possible.
This, though, is a landscape replete with opportunity. Artificial intelligence, virtual and augmented reality, blockchain, nanotechnology, space exploration, 3D printing and quantum computing all have the potential to not just change the world but provide access to entirely new ones – real and virtual. In the coming decades, a nation’s success will depend on how quickly and how broadly these new technologies can be developed, deployed and, perhaps most importantly, distributed.
It is a challenge the UAE is certainly priming itself for. In the “Projects of the 50”, the package of initiatives that will guide the nation’s economic and social path over the next half century, our government put forward an agenda designed to position the UAE as a destination where the brightest minds and the boldest ideas can flourish, and where the technologies of the future can be used as a means of universal economic advancement.
Getting there requires vision, leadership and a spirit of collaboration, whether between countries or between governments, institutions and the private sector. Above all, though, it requires talent.
Writing in the Harvard Business Review in March 2020, Becky Frankiewicz and Tomas Chamorro-Premuzic stated that technological transformation isn’t so much about tools and hardware as it is people. “You can pretty much buy any technology,” they wrote, “but your ability to adapt to an even more digital future depends on developing the next generation of skills, closing the gap between talent supply and demand, and future-proofing your own and others’ potential.”
It is a view that mirrors our own. Attracting, developing and retaining talent has always been a national priority for the UAE – the welcome we have extended to dedicated, ambitious and innovative individuals of more than 200 nationalities is central to the nation’s success and unique character. According to Insead’s Global Talent Competitiveness Index for the year 2020, the UAE ranks third globally and first regionally in its ability to attract talent, and more than a quarter of the world’s largest 500 companies have an international or regional headquarters in the country.
There has also been success in attracting the skills to leverage the technologies of the future. According to LinkedIn, the UAE saw a net inflow of 23,000 skilled people between January 2020 and April 2021, a 13 per cent increase as a measure of the total size of UAE LinkedIn members – and all this despite the ongoing obstacles presented by the global pandemic.
Interestingly, of this 23,000, the most noticeable influx came from those with digital disruptive skills, in fields such as AI, robotics and cybersecurity. Between 2015 and 2020, the UAE saw a 100 per cent increase in these skills in the workforce, which underlines the nation’s long-standing commitment to adopt and harness the technologies of the future.
Of course, as we look to a new year – and for the UAE, a new half century – we know there is much more to be done. The competition between nations in attracting and developing global talent has intensified as knowledge-based economies flourish; we have seen post-Brexit UK reassert its status as a magnet for international professionals and students with a Global Talent Visa, while Australia has created a Global Business and Talent Attraction Taskforce to ensure they remain competitive. Talent will soon trump financial capital as a driver of national economic success.
So, what is at stake? It is our conviction that individuals with the ability to acquire, create and apply knowledge will be crucial to our goal of doubling the economy from Dh1.4 trillion to Dh3 trillion by 2031. To that end, the UAE government has launched a two-pronged strategy: firstly, to incentivise global talent to come and live in the UAE and engage fully with its economic, social and cultural life; and secondly, to develop world-class skills from the high-calibre talent pool already here.
To achieve the former, the government of the UAE has recently launched a series of landmark initiatives, beginning with the April launch of the Strategy for Talent Attraction and Retention, a 10-year, holistic plan to facilitate immigration pathways, enhance social insurance features, and increase workforce flexibility and mobility. This was followed by the aforementioned recent “Projects of the 50”, which delivered a package of talent-focused provisions such as enhanced residency and visa pathways for investors, skilled professionals and high-achieving students, including the planned introduction of a specialist “green visa” category.
Read more on working in the UAE
Most recently, in November, the employment law was upgraded to accommodate and encourage different working models, including part-time, freelance and temporary work, as well as offering enhanced employee rights and leave policies. It is all part of the nation’s efforts to create a flexible and competitive work environment in line with global standards.
In terms of talent development, the UAE government has rolled out a number of initiatives, including the “Compete” programme, which has pledged Dh1.25 billion to train nationals in skills central to the national economy. The Ministry of Industry and Advanced Technology are offering training around the adoption of 4IR technologies, while the One Million Arab Coders campaign, first launched in 2017, was recently boosted by the offer of a $1 million cash prize for the most innovative coding project.
These efforts will have clear benefits. They will help the UAE to develop a more agile, future-proof economy, elevate industrial output, increase the volume of our advanced technology exports and add Dh25 bn to national GDP by 2031.
High-calibre talent will also help our industries attract foreign direct investment, facilitate knowledge-transfer in advanced technologies and forge stronger multilateral relationships with key global partners – all of which will contribute to greater economic stability and security for the country’s residents.
As we look to 2022 and the continued recovery from the pandemic, skilled human capital will be regarded as the foundation of economic growth and international competitiveness. The UAE will continue to create an environment that welcomes, nurtures and champions it.
KILLING OF QASSEM SULEIMANI
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
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RESULT
Leeds United 1 Manchester City 1
Leeds: Rodrigo (59')
Man City: Sterling (17')
Man of the Match: Rodrigo Moreno (Leeds)
War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
500 People from Gaza enter France
115 Special programme for artists
25 Evacuation of injured and sick
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
More from Rashmee Roshan Lall
The specs
Engine: 2.0-litre four-cylinder turbo
Power: 268hp at 5,600rpm
Torque: 380Nm at 4,800rpm
Transmission: CVT auto
Fuel consumption: 9.5L/100km
On sale: now
Price: from Dh195,000
Prop idols
Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.
Sophie Shams (Dubai Exiles mini, England sevens international)
An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.
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Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)
Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.
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Erin King (Dubai Hurricanes mini, Ireland sevens international)
Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.
Company profile
Date started: December 24, 2018
Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer
Based: Dubai Media City
Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)
Sector: ConsumerTech and FinTech
Cashflow: Almost $1 million a year
Funding: Series A funding of $2.5m with Series B plans for May 2020
F1 2020 calendar
March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.
Fourth Arab Economic and Social Development Summit
As he spoke, Mr Aboul Gheit repeatedly referred to the need to tackle issues affecting the welfare of people across the region both in terms of preventing conflict and in pushing development.
Lebanon is scheduled to host the fourth Arab Economic and Social Development Summit in January that will see regional leaders gather to tackle the challenges facing the Middle East. The last such summit was held in 2013. Assistant Secretary-General Hossam Zaki told The National that the Beirut Summit “will be an opportunity for Arab leaders to discuss solely economic and social issues, the conference will not focus on political concerns such as Palestine, Syria or Libya". He added that its slogan will be “the individual is at the heart of development”, adding that it will focus on all elements of human capital.
Simran
Director Hansal Mehta
Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey
Three stars
Poacher
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VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
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MATCH INFO
Real Madrid 2
Vinicius Junior (71') Mariano (90 2')
Barcelona 0
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
The bio
Favourite food: Japanese
Favourite car: Lamborghini
Favourite hobby: Football
Favourite quote: If your dreams don’t scare you, they are not big enough
Favourite country: UAE
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
RESULTS
1.45pm: Handicap (TB) Dh80,000 (Dirt) 1,400m
Winners: Hyde Park, Royston Ffrench (jockey), Salem bin Ghadayer (trainer)
2.15pm: Conditions (TB) Dh100,000 (D) 1,400m
Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard
2.45pm: Conditions (TB) Dh100,000 (D) 1,200m
Winner: Hurry Up, Royston Ffrench, Salem bin Ghadayer.
3.15pm: Shadwell Jebel Ali Mile Group 3 (TB) Dh575,000 (D) 1,600m
Winner: Blown by Wind, Xavier Ziani, Salem bin Ghadayer
3.45pm: Handicap (TB) Dh72,000 (D) 1,600m
Winner: Mazagran, Tadhg O’Shea, Satish Seemar.
4.15pm: Handicap (TB) Dh64,000 (D) 1,950m
Winner: Obeyaan, Adrie de Vries, Mujeeb Rehman
4.45pm: Handicap (TB) Dh84,000 (D) 1,000m
Winner: Shanaghai City, Fabrice Veron, Rashed Bouresly.
UAE rugby in numbers
5 - Year sponsorship deal between Hesco and Jebel Ali Dragons
700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams
Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams
Dh1.8m - Dubai Hurricanes' overall budget for next season
Dh2.8m - Dubai Exiles’ overall budget for next season
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
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
What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
