Sports initiative looks to Games success for UAE



A "major" national sports initiative was unveiled on Sunday by the Minister of Culture, Youth and Community Development in an effort to give Emirati athletes a boost over the coming years, the state news agency, Wam, reported.

The initiative will include selecting "a range of Olympic games" and preparing teams of Emirati athletes to compete and win in those games based on the most advanced training plans and "world-level practices" in the field, Sheikh Nahyan bin Mubarak said during his first long address to the ministry's staff and to the General Authority of Youth and Sports Welfare.

Sheikh Nahyan moved earlier this year from the Ministry of Higher Education and Scientific Research to lead the Ministry of Culture, Youth and Community Development.

The national sports initiative aims to have Emirati athletes participate and win in the next Asian Games, which will be held in 2014, and in the Brazil Olympics two years later.

Sheikh Nahyan said the initiative was "extremely important" and all the support and resources needed for it to come to fruition will be made available.

The sports initiative is part of everyone's role in boosting national identity and consolidating the UAE's rightful position among world nations, he said.

Normal People

Sally Rooney, Faber & Faber
 

Martin Sabbagh profile

Job: CEO JCDecaux Middle East

In the role: Since January 2015

Lives: In the UAE

Background: M&A, investment banking

Studied: Corporate finance

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

UAE currency: the story behind the money in your pockets
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Honeymoonish
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THE BIO

Favourite author - Paulo Coelho 

Favourite holiday destination - Cuba 

New York Times or Jordan Times? NYT is a school and JT was my practice field

Role model - My Grandfather 

Dream interviewee - Che Guevara