Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, says investing in the talent of the next generation remains the UAE's greatest success. Wam
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, says investing in the talent of the next generation remains the UAE's greatest success. Wam
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, says investing in the talent of the next generation remains the UAE's greatest success. Wam
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, says investing in the talent of the next generation remains the UAE's greatest success. Wam

International Youth Day: Sheikh Mohammed hails nation's young in uplifting video


Chris Maxwell
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Sheikh Mohammed bin Rashid has hailed the nation's youths, calling them its “hope and treasure” and urging them to take the future into their hands.

The Vice President and Ruler of Dubai said investment in the talent of the next generation remained the UAE's greatest success.

In the video shared on social media, which highlights some of the Emirate's brightest and best young citizens, Sheikh Mohammed remarks that he too was “young once”.

He said his own dreams were fulfilled and that “after hardships, good days followed”. The inspiring message was published before International Youth Day on Friday.

“We thank God that we have succeeded in many things,” said Sheikh Mohammed in the recording.

“However the UAE and the union has achieved its biggest success — its youth. They are the future. They are the ones that will take matters into their own hands in the future.

“To the youth who overcome obstacles, to those who are hope and treasure, I was young once like you. And my dreams did come true. After the hardships, good days followed.”

The minute-long video features citizens making their mark in a variety of fields.

They include Fatma Khalid, a chief cultural guide, Maryam Buhumaid, a robotics engineer, Abdulrahman Belgaizi, a shipwright, Maitha Rashid, who is carrying out national service, and Shamma Al Thehli, who secured first place in a Korean speech contest in the UAE.

Chefs, triathletes, a camel owner, a horse rider, an engineer and a pilot are among the other top achievers featured in the footage.

“Our country has become a heaven. May it always thrive. It is now your time to flourish with ease,” Sheikh Mohammed said.

“Unlike our old days which were very tough. Lean from our history and old days. And with hard work and willpower, you will continue to thrive.”

Young people have long been at the heart of the UAE leadership's vision for the future. Last month, President Sheikh Mohamed met Emirati students and doctors in France on the second day of his state visit to the country.

Accompanied by Shamma Al Mazrui, Minister of State for Youth, Sheikh Mohamed was introduced to the students, who are attending universities in France.

He urged them to strive to achieve academic excellence, which he said would enable them to contribute to the UAE's growth.

Sheikh Abdullah honours Emirati youths — in pictures

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

Updated: August 12, 2022, 6:28 AM