President Sheikh Khalifa said the country's Founding Fathers laid down deep roots for the nation's growth. Photo: AFP
President Sheikh Khalifa said the country's Founding Fathers laid down deep roots for the nation's growth. Photo: AFP
President Sheikh Khalifa said the country's Founding Fathers laid down deep roots for the nation's growth. Photo: AFP
President Sheikh Khalifa said the country's Founding Fathers laid down deep roots for the nation's growth. Photo: AFP

Sheikh Khalifa outlines the UAE's vision to be among the world's greatest nations


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Live updates: follow the latest news on UAE National Day 2021

President Sheikh Khalifa has praised the UAE's remarkable rise as an "inspiring success story" to be shared with the world as the nation unites for joyous Golden Jubilee celebrations.

Sheikh Khalifa said the country's Founding Fathers laid down deep roots for the nation's growth, centred on a sustainable development plan, which will continue to guide its future prosperity.

He said investment in the talent of the UAE's population would remain at the heart of the country's progress as it gears up to become a leading global power in the 50 years to come.

The leader said firm foundations were in place to allow the UAE to thrive for decades to come and cement its place on the global stage.

We have come a long way in empowering women and youth, and developing a diversified economy
President Sheikh Khalifa

"In line with the ‘Principles of the 50th’, the UAE will continue to steadily pursue a solid ecosystem of well-established values and principles, with human capital lying at the heart of the UAE Strategy for the Future," he said in a statement to Nation Shield, the UAE Armed Forces' magazine.

"It’s this resilient set of legislation that’s enabled our nation to establish a coherent society with a knowledge-based, innovation-driven economy, a world-class healthcare system, an advanced education sector, an integrated modern infrastructure, environmental sustainability, and an enviable status in global competitiveness rankings."

Milestones

Sheikh Khalifa lauded the UAE's achievements since its formation, from putting the first Emirati into space to leading the charge for the empowerment of women.

"We have come a long way in empowering women and youth, and developing a diversified economy. Outer space welcomed our first Emirati astronaut and our Hope Probe in historic milestones that have made our nation the first in this sphere in the Arab region and the fifth worldwide.

"We launched the Arab region’s first multi-unit nuclear plant that turned the UAE into a regional hub for renewable and clean energy. We’ve adopted a national strategy to retain and attract talent in a way that further reinforces the UAE’s stature on the Gulf, Arab, Islamic and global levels. And under the theme 'Connecting Minds, Creating the Future', we're hosting Expo 2020 Dubai, the world’s greatest show’ for the first time in the region’s history."

Sheikh Khalifa reflected on the UAE's achievements while looking forward to a bright future.

"We have introduced to the world an inspiring development success story, which has rendered our country a leading regional and international financial centre, and a sought-after place to live, work, invest and travel," he said.

"In so doing, we have surpassed others in terms of well-being, service excellence, corporate governance, trade openness, quality of life and entrepreneurship.

"We have successfully weathered the repercussions of the Covid-19 pandemic and restored normalcy while observing full compliance with preventive measures in place.

"Thanks to this enviable track record of achievements, we're ushering in the next 50 years of our history with a comprehensive, long-term and well-thought-out strategic vision, based on meticulous pursuance of excellence to secure a brighter future for future generations, who, by the time they will be celebrating our Centennial 2071, will see their nation amongst the best in the world thanks to a sustainable and vibrant economy."

Pursuit of peace

Sheikh Khalifa said the UAE would work closely with its Middle East neighbours to bolster stability and security across the region and support diplomatic efforts around the world.

"Strengthening co-operation among GCC states at the political, economic, social and security levels will remain a top Emirati priority. Within this context, we will continue to stand by our fraternal GCC states in the face of all threats to their stability, unity, and territorial integrity.

"We reiterate that Gulf security is integrated and inseparable. Strengthening the pillars of stability in our region is a collective responsibility that requires intensifying strategic co-ordination among all the GCC states to achieve the aspirations of our peoples for a secure and prosperous future as has been the case during the past 50 years.

"Our diplomacy will remain active and vibrant, catalysing partnerships with major, emerging and developing nations to promote a culture of tolerance, controlling conflicts, confronting climate change, investing in Sustainable Development Goals, combatting hunger, disease and poverty, and providing humanitarian and development aid, which is an integral part of our country's glorious journey and its moral obligations."

Sheikh Khalifa spoke of his pride at the role played by Emiratis in all sections of society – from the Armed Forces defending the country to those working in government departments to drive progress.

"We are proud of our government teams who've succeeded across 50 years to translate the rules laid down by our Founding Fathers into tangible services and resilient infrastructures," he said.

"We take pride in our Armed Forces and their valiant commanders and soldiers, and our security and police services. They have been leaving no stone unturned to live up to their responsibility in protecting our homeland. We are proud of all UAE residents, and their vital contributions to development and nation building."

THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

ENGLAND SQUAD

Goalkeepers Pickford (Everton), Pope (Burnley), Henderson (Manchester United)

Defenders Alexander-Arnold (Liverpool), Chilwell (Chelsea), Coady (Wolves), Dier (Tottenham), Gomez (Liverpool), James (Chelsea), Keane (Everton), Maguire (Manchester United), Maitland-Niles (Arsenal), Mings (Aston Villa), Saka (Arsenal), Trippier (Atletico Madrid), Walker (Manchester City)

Midfielders: Foden (Manchester City), Henderson (Liverpool), Grealish (Aston Villa), Mount (Chelsea), Rice (West Ham), Ward-Prowse (Southampton), Winks (Tottenham)

Forwards: Abraham (Chelsea), Calvert-Lewin (Everton), Kane (Tottenham), Rashford (Manchester United), Sancho (Borussia Dortmund), Sterling (Manchester City)

Who has been sanctioned?

Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.

Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.

Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.

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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

UAE currency: the story behind the money in your pockets
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

UAE currency: the story behind the money in your pockets
New schools in Dubai

The Prison Letters of Nelson Mandela
Edited by Sahm Venter
Published by Liveright

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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
On sale: Available to order now
Price: From Dh801,800
Profile

Company: Libra Project

Based: Masdar City, ADGM, London and Delaware

Launch year: 2017

Size: A team of 12 with six employed full-time

Sector: Renewable energy

Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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Seven tips from Emirates NBD

1. Never respond to e-mails, calls or messages asking for account, card or internet banking details

2. Never store a card PIN (personal identification number) in your mobile or in your wallet

3. Ensure online shopping websites are secure and verified before providing card details

4. Change passwords periodically as a precautionary measure

5. Never share authentication data such as passwords, card PINs and OTPs  (one-time passwords) with third parties

6. Track bank notifications regarding transaction discrepancies

7. Report lost or stolen debit and credit cards immediately

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

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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.

The specs

Engine: 3.8-litre V6

Power: 295hp at 6,000rpm

Torque: 355Nm at 5,200rpm

Transmission: 8-speed auto

Fuel consumption: 10.7L/100km

Price: Dh179,999-plus

On sale: now 

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Difference between fractional ownership and timeshare

Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Updated: December 01, 2021, 10:49 AM`