Students listen to Nawal Al Hosany, the director of sustainability at Masdar and head of the Zayed Future Prize. Lee Hoagland / The National
Students listen to Nawal Al Hosany, the director of sustainability at Masdar and head of the Zayed Future Prize. Lee Hoagland / The National

Journey of the Union: their faith and the future



ABU DHABI // The 28 Emirati students on a tour of the UAE centred themselves in the architectural marvel of Sheikh Zayed Grand Mosque before moving on to a glimpse of the future at Masdar City and twofour54.

Halfway through their 10-day tour of the UAE, the pupils visited main sites in the capital on Tuesday as they make their way through the emirates as part of the Journey of the Union tour, which concludes on National Day on December 2.

As part of the second leg of their Abu Dhabi tour, students started the day with a visit to the Federal National Council headquarters followed by a trip to twofour54, the media organisation which Ruaa Al Shehhi, 16, from Ras Al Khaimah, dreams of joining.

“The reason why it appeals to me is because the company uses creativity and appreciates originality,” said Ruaa. “It’s something I didn’t think we had, but it’s going to start a new future that I hope to be a part of.”

Compatriot Ahmed Al Bahri listed the many projects that twofour54 is working on. He said it would appeal to him to work in such an enterprise.

“Everything, from their media training to their working on apps for mobiles, it gives us – the youth – a chance to work towards something and get good at it,” said Ahmed, from Dubai.

The pupils then visited Sheikh Zayed Grand Mosque, marvelling at the 82 domes, ornate with gold inlay, the mosque’s capacity for more than 40,000 worshippers and the interplay of light created by its architecture.

“It doesn’t matter how many times you go, it’s always a place that puts you at such ease. We learnt so much there,” said Maitha Al Fazari, from Al Ain.

Among the things she learnt was that the walls and writing of God’s 99 names in the main prayer room were designed to be understated so as not to divert worshippers’ attention from prayer.

She said that the mosque is both a place to look inward and a chance for tourists to see the religious identity of her country.

“People from all around the world are coming, and they are welcome to see Muslims in prayer in this mosque,” said Maitha.

“This is important, to show them this side of our culture, so that they can understand more about the UAE.”

Before going to Ferrari World Abu Dhabi on Yas Island, they visited Masdar City to get an idea of – and inspiration for – a zero-emissions energy future.

The tour started with a trip on board the city’s personal rapid transit cars, towards a micro-nano fabrication facility and the microscopy lab , which contains more than Dh50 million worth of equipment.

“It puts into your mind the reality of living in a future without dependency on oil, and this is what we really should work for,” said Ali Shawi, from Umm Al Quwain.

Noura Al Attar, 16, from Rak, said that the need for her generation to progress in a sustainable way is a key to her future.

“Eventually, we’re going to run out of fossil fuels. Masdar has such a powerful vision of creating a world without this kind of dependency,” she said.

“It makes me so proud of my country, and absolutely positive about our future, and I hope the vision of Masdar becomes the reality of the UAE.”

The Journey of the Union is organised by Al Bayt Mitwahid Association, which comprises employees of the Crown Prince Court.

It focuses on raising awareness about the achievements and growth of the seven emirates over the past 43 years.

nalwasmi@thenational.ae

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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

Kat Wightman's tips on how to create zones in large spaces

 

  • Area carpets or rugs are the easiest way to segregate spaces while also unifying them.
  • Lighting can help define areas. Try pendant lighting over dining tables, and side and floor lamps in living areas.
  • Keep the colour palette the same in a room, but combine different tones and textures in different zone. A common accent colour dotted throughout the space brings it together.
  • Don’t be afraid to use furniture to break up the space. For example, if you have a sofa placed in the middle of the room, a console unit behind it will give good punctuation.
  • Use a considered collection of prints and artworks that work together to form a cohesive journey.