President's address to the nation



The following is a statement made by Sheikh Khalifa bin Zayed, President of the UAE and Ruler of Abu Dhabi, on the 37th Anniversary of the United Arab Emirates' National Day. In the name of Allah, the Compassionate, the Merciful. My sons and daughters in nationality, Assalamu Alaykum Warahmatullah Wabarakatuhu. On this auspicious day, as we cherish the memories of an occasion that is dear to us all, I feel happy to express my deep-felt appreciation for you, and to congratulate you for your efforts for entrenching the values of our federation and for preserving its gains.

It is an occasion from which we read noble meanings and lessons, and derive our determination and strength. It is during this occasion that we evaluate our march in the present and look up to our future. On this day, we remember in pride and glory, the lives and history of the founding father of our nation, late Sheikh Zayed bin Sultan al Nahyan and his brothers, the co-founders who built the edifice of this blessed federation. I pray that Allah the Almighty may bestow His endless mercy upon them all.

My brothers and sisters in nationality, the march of our federation through the last 37 years has made numerous achievements, fulfilled enormous ambitions and encompassed several avenues of our lives, taking our nation, the society and the individual into the 21st century, adequately armed to face its challenges and opportunities. At the same time, the sense of satisfaction over what we gained in our country should not be a reason for lethargy and relaxation; rather it should be an endless inspiration for more work and self giving. This selfless work should fortify the gains of the citizens, should guarantee more achievements, and should strengthen our hopes as well as the hopes of the coming generations for a noble life in dignity, security and stability.

My brothers and sisters in nationality, when I made a call during the last year to make 2008 an year of national identity, I did not aim to connect our identity with a timeline, as the identity is not a symbol for a specific phase. Identity is rather a comprehensive framework, within which we preserve our cultural heritage and civilisation. It shapes our attitude towards our surroundings and defines the direction, where our special nature and the strengthening elements of our characteristics will be preserved.

My objective was to encourage initiatives and define the mediums and mechanisms which will help to develop the components of our identity in a way that will protect it from wantonness, and keep it well-fortified against distortions; ultimately leading us to tranquillity that all citizens aspire for themselves as well as for their children who come after them. I paid attention to all opinions expressed and all ideas presented during the past months, and found that they reflected the depth of maturity and consciousness our citizens are blessed with, the extent of their keenness for interaction and their constructive participation in every issue related to the national work. Those opinions also touched upon our priorities and the challenges lying ahead.

All discussions about the strengthening forces of our national identity revealed that what deserves our prime attention is the work for the development of national capability through a comprehensive vision. In this process, the efforts of all the governmental institutions and its various machineries will join with the social movement with all its inherent and influences and impacts. The first parameter in the development of the national capability is the concern for quality on the level of medium and the output. This necessitates enhancement of the competitiveness of individuals, institutions and sectors.

It also calls for the empowerment of the nationals, both on individual and institutional levels, to embrace knowledge in a way that will make them capable to enter into local and foreign partnerships and to become a strong bridge facilitating the transfer of knowledge and expertise. Ultimately they will nationalise them in a way that suits our requirements and development plans. This also necessitates the development of a national system for innovation and invention, capable of transferring knowledge and expertise and assimilating them, and finally reproducing them locally.

The human resources development does not mean just the preservation of the pattern of development; it is also the way for entrenching the position of our country as a centre of global attraction in the fields of business, trade and services, and as a link between the East the West. Similarly enough, the concern for quality involves a process of refining the basic intellectual patterns of the society from illusions and impurities that interpolated our beliefs, our civilisation and our history.

The development of national capability and the enhancement of its presence at various social and economic junctures require evolvement of legislative frameworks, endorsement of clearly defined programmes and finally, confrontation of all what threatens the fabric of the society, whether in its faith, language, social and cultural heritages. My brothers and sisters, if the openness that distinguished our developmental march, and the spirit of tolerance that prevails in every element of the UAE society are the source of the material and spiritual wealth of our experiment, as well as the foundation of our distinguished position on regional and the global levels, then we have to pay its tax in the form of the anomalies in our demography.

This is not an emergency problem, or a problem that affects UAE only among the countries in the region. So it should be treated through the adoption of a comprehensive vision benefiting from the experience of others, or through government efforts in partnership with the society. This is with an aim to achieve balance between our ambitions, as well as our keenness to preserve the dynamics in the process of the social and economic development, and the legitimate right of the citizens to live in a country where they are the mainstream, the people of the pioneering role, the ruling voice and the integrating identity.

In this context, let me note the efforts of the Government, and say that the time has come to strengthen these efforts with more active and articulate participation of the civil organisations for bringing forth practical suggestions and solutions capable of succeeding. As we perceive the difficulties encountered by those who address a chronic problem like this, we are also confident that we have the opportunity to overcome it, through the full investment of the national capability, including the capability of the UAE woman, who proved success in all the duties she performed and all the positions she occupied. We also should depend on modern technology, on advanced management methodologies, on training and on continuous quality enrichment at every level of work.

My brothers and sisters, since the last many years, we are living a new developmental boom which transformed UAE into an international trade and financial centre with all its meanings and connotations. This development demands from us to safeguard this position, well-fortified through building a solid regulatory structure, which will respond to the changes and conform to the global standards. The backbone of any improvement of governance, its development as well as its protection from any form of wastage or excessiveness, is a mechanism to place laws under the microscope of revision and modernisation until they resonate in tune with the methodological development and new administrative technologies.

Here, it is imperative to emphasise the role the private sector presently plays, as well the integrative relation between the local and federal levels in any process of legislative modernisation and development. My brothers and sisters, the environment constituted one of the clearly defined major areas in every aspect of development. The concern for environment was an expression of our pristine national vision, not just an act of following the global concern in this regard. If we have made visible achievements in this field, then the issue of environment should continue to be a central one in our concerns, a prime axis of our work and an ultimate priority among our national priorities.

The protection of environment, the preservation of the natural wealth and its biodiversity, the promotion of our country as a safe and suitable place to live, to work and to bring up our future generations; all these should remain the unchangeable objectives of any federal environmental strategy or local programme of work. My brothers and sisters, the march of our federation has crossed several milestones on the plain of social and economic development, as it has built an institutional life on strong foundations. As we continue the process of building our nation with the same power and determination, I look forward to receiving more participation from the people in this endeavour, with all faith in the importance of building an interactive relationship between the two poles of our political existence and the social pyramid.

With this faith, I am solicitous to continue to strengthen our democratic process and to develop it until we reach the aspired level of its participatory role. My brothers and sisters, our achievements on the domestic level wouldn't have been possible without the prudent foreign policy our country had adopted. This policy contributed in providing the essentials of success in the march of our federation braving various challenges and dangers it had to encounter.

As we continue to work in the guidance of the principles of that prudent policy, and ensure our distinctive diplomatic presence at the regional and international forums in defence of our national choices and in support of the Arab issues, we put among the priorities of this policy, the endeavour to restore our rights in the three Islands, Greater and Lesser Tunbs and Abu Musa. To regain these rights, we adopt the peaceful alternative that is based on direct negotiations with the Islamic Republic of Iran, international arbitration or referral of the case to the International Court of Justice. We have made a pre-commitment to accept the results of such arbitration whatever they may be.

When we keep alive our hopes that Iran will respond to our peaceful endeavour respecting the good-neighbour policy and the joint historical heritage, and protecting the mutual interests of both countries, it is sorrowful to see the Iranian actions with an aim of changing the landmarks of the islands and imposing its on will on them. I assert that betting on its arbitrary occupation of the islands, or on our loss of hope at the end of the continued demand for our proven rights be established in the islands, is a betting which will lose in the end.

As we hope that Iran will revise its stance and accept our peaceful initiatives, we also wish that the Arab and international understanding of our stance will be a helpful factor to convince Iran to sit across the negotiations table for reaching a just settlement. Brothers and sisters, We live in a region of long-lived crises. We are well aware of the fact that we can't isolate ourselves from the hardships and challenges going on in our Arab and regional neighbourhood. Thus, our interaction with our surroundings is a tax levied on us by our regional obligations and national duty.

Based on this understanding, we paid attention to the situations in the sisterly country of Iraq. As we hope that the improvement in the relative security marks the beginning of its exit from the whirlpool of violence, which it lived for several years, we have embarked upon helping the Iraqi government and the Iraqi people in several ways. Among the major initiatives in this regard were the cancellation of the debt Iraq had to repay to UAE and the restoration of diplomatic relations between the two countries as an expression of our support to the process of bringing the peace back to Iraq, ultimately helping it to regain its role and national sovereignty, and to protect its freedom and the territorial integrity and the unity of people.

With respect to the Palestinian issue, we see that the continued Israeli occupation of the Palestinian and Arab lands, is a threat to the security and stability of the entire region. We also believe that the failure in finding a just solution for this issue on the basis of the establishment of an independent Palestinian state with the Holy city of Jerusalem (Al-Quds) as its capital, will leave the region as a plunder for instability and a source of threat to the regional peace. We hope from the active international parties, especially the United States of America to exert more efforts to convince Israel to abandon its hostile policies and accept legitimate international resolutions.

With regard to Lebanon, we expressed our satisfaction over the positive domestic developments, which transformed to the reconciliation among various factions to elect a new president, to form a government and to begin a series of conciliatory initiatives among the Lebanese factions. I hope that Lebanon will regain its position as a centre of radiance and an exemplary model for coexistence of various political powers and religious denominations.

With regard to Sudan, I hope that the efforts for finding a viable solution for the difficult humanitarian situation in Darfur within the framework of preserving Sudan's freedom and unity will succeed. I also hope that the efforts to save Somalia from the vortex of violence will gain more strength. As I hail the achievements of the international co-operation on the plain of combating terrorism and drying its springs, I also believe that these efforts should continue and improve, not only with the military and security means, but also through the work for solving explosive issues, without leaving them for the terrorist groups to exploit for their private agendas which have nothing to do with the supreme interests of the region.

Based on our responsibility we paid attention to the humanitarian situations in several parts of the world. UAE's continuously growing initiatives in the field of charitable and humanitarian works became a basic component of our foreign activities. Apart from the emergency aid we provide to alleviate the sufferings of victims of natural disasters, calamities and crises, we worked for transforming UAE's charity activities into an institutional activity with an aim of making them more effective and sustainable.

My fellow citizens, if the deeds are measured by their results, then what we have achieved over the past years since the birth of our country was historic, exceptional and visible. O the children of our country, you created these achievements, uniting and united under the flag of the UAE. On this day, I salute the officers, non-commissioned officers of our Armed forces and the Police directorates, as well as all the other security agencies for their sincerity and dedication and sacrifice in fulfilling their duties. I reassure them of my limitless trust in them, of my endeavour to develop their abilities and modernise their material, and to guarantee comprehensive care for them and for their families.

I never forget to express my appreciation and gratitude to those who reside among us, the citizens of sisterly and the friendly countries, for the role they play and the efforts they contribute. I pray to Allah Almighty that He may guide us to do what He loves and grant us success in pursuing the march of progress and prosperity of our country. I wish you many happy and prosperous returns of the day.

Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates. *WAM

GRAN%20TURISMO
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The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now

How much sugar is in chocolate Easter eggs?
  • The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
  • The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
  • The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
  • The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
  • The Cadbury Creme Egg contains 26g of sugar per 40g egg

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Profile

Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari

Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.

Number of employees: Over 50

Financing stage: Series B currently being finalised

Investors: Series A - Audacia Capital 

Sector of operation: Transport

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

The Bio

Name: Lynn Davison

Profession: History teacher at Al Yasmina Academy, Abu Dhabi

Children: She has one son, Casey, 28

Hometown: Pontefract, West Yorkshire in the UK

Favourite book: The Alchemist by Paulo Coelho

Favourite Author: CJ Sansom

Favourite holiday destination: Bali

Favourite food: A Sunday roast

Copa del Rey

Barcelona v Real Madrid
Semi-final, first leg
Wednesday (midnight UAE)

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Getting%20there
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