Sheikh Mohammed bin Rashid laid out a vision for a more "flexible and efficient" Dubai Government.
The Vice President and Ruler of Dubai outlined a series of measures to shape the emirate's future at a Dubai Council meeting on Tuesday.
The meeting was attended by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, and Deputy Ruler of Dubai Sheikh Maktoum bin Mohammed.
Trade was placed firmly at the centre of the progressive new plan to enhance Dubai's status on the global stage.
"We are determined that we will be the world's airport and main port," said Sheikh Mohammed.
The emirate will adopt a new Dubai International Trade Map, which currently includes shipping and air links with more than 400 cities around the world.
This network will be expanded to 200 new cities to consolidate the role of the emirate in the global trade movement.
The Dubai Chamber of Commerce will also be split into three: Dubai Chamber of Commerce, Dubai Chamber of International Trade and Dubai Chamber for Digital Economy.
Changes will also be made to government employment arrangements, with three-year work contracts introduced for all officials and directors of Dubai departments, agencies and institutions. Accountability will be increased, and an output evaluation and rewards system introduced.
Dubai Council also approved a five-year plan to raise the value of the emirate's foreign trade exchange from Dh1.4 trillion to Dh2tn.
"We know what we want, and we know how to reach it, and we have the national energies to implement the plan," Sheikh Mohammed said on Twitter.
"Whoever does not move forward is in retreat. Whoever relies on past achievements loses his future.
"Dubai's place is in the future and its destiny is to be the vibrant global economic heart of this region. The next is more beautiful if the resolve is greater."
THE BIO: Mohammed Ashiq Ali
Proudest achievement: “I came to a new country and started this shop”
Favourite TV programme: the news
Favourite place in Dubai: Al Fahidi. “They started the metro in 2009 and I didn’t take it yet.”
Family: six sons in Dubai and a daughter in Faisalabad
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Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.
A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.
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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
Directed by: Craig Gillespie
Starring: Emma Stone, Emma Thompson, Joel Fry
4/5
KILLING OF QASSEM SULEIMANI
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The specs
AT4 Ultimate, as tested
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UAE currency: the story behind the money in your pockets
