close
close

New investment opportunities in focus at the first Abu Dhabi Business Week

The inaugural Abu Dhabi Business Week in December will focus on new investment opportunities and collaboration between the public and private sectors to promote the growth and diversification of Abu Dhabi's economy.

More than 150 speakers and 8,000 policymakers, business leaders, international investors and entrepreneurs will take part in the three-day event from December 4 to 6, the Abu Dhabi Media office said on Saturday.

The event is under the patronage of Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.

“Abu Dhabi Business Week will serve as a platform for businesses to connect and collaborate, driving the next phase of growth and diversification in our dynamic economy,” said Ahmed Al Zaabi, Chairman of the Abu Dhabi Chamber of Commerce and Industry.

“Supported by our multi-dimensional sustainable development strategies and a focus on new, high-growth sectors, Abu Dhabi’s business-friendly ecosystem offers promising opportunities for investors, companies and talent to thrive and expand on a global scale.”

Abu Dhabi's economy grew 4.1 percent on an annual basis in the second quarter of this year, supported by momentum from the non-oil sector as the emirate continues to diversify its economy.

The value of Abu Dhabi's economic output reached a record Dh297 billion ($80.87 billion) in the three months to June 30, the Statistics Center – Abu Dhabi said this month.

In the first six months of this year, Abu Dhabi's economy recorded an annual increase of 3.7 percent, while the non-oil sector grew 6.6 percent in the second quarter of 2024, reaching a record Dh164.2 billion.

The non-oil sector's share of the emirate's economy rose to over 55.2 percent, the highest since the end of 2014.

In addition to investment opportunities and public-private partnerships, the three-day event will also focus on topics such as innovation, procurement, women empowerment, family business and entrepreneurship.

The capital of the United Arab Emirates is also home to major funds, including the Abu Dhabi Investment Authority, Mubadala Investment Company and investment and holding company ADQ.

The emirate was recently named the world's leading city for sovereign wealth fund (SWF) capital, with $1.67 trillion in assets under management, according to a new report from industry specialist Global SWF.

COMPANY PROFILE

%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A %3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric %20Vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20and disclosed%20financing.%20Search%20at%20Financing%20of%20outside%3Cbr%3E%3C%2Fp%3E% 0A

The picture of Joumblatt and Hariri breaking bread sends Twitter into a frenzy

Mr. Joumblatt's pessimism about the political situation in Lebanon did not stop him from enjoying a cheerful dinner on Tuesday with several politicians, including Mr. Hariri.

Acting Culture Minister Ghattas Khoury tweeted a picture of the group sitting at a table in a discreet seafood restaurant in Beirut's upscale Sodeco district.

Mr. Joumblatt told us The National that the fish served at Kelly's Fish Lounge was very good.

“They really enjoyed their time,” the restaurant owner remembers. “Mr Hariri took selfies with everyone.”

Mr. Hariri and Mr. Joumblatt often have dinner together to discuss recent political developments.

Mr. Joumblatt was a close ally of Mr. Hariri's murdered father, former prime minister Rafik Hariri. The two were leaders of the political group opposing the 15-year Syrian occupation of Lebanon, which ended after mass protests in 2005 following the assassination of Rafik Hariri. After the younger Hariri took over from his father in 2004, the relationship with Mr. Joumblatt continued.

However, the couple wasn't always so close. In the run-up to last year's elections, Mr Hariri and Mr Joumblatt remained silent for months without discussing a dispute over the new proportional representation system to be applied for the first time. Mr. Joumblatt feared that a proportional system, which Mr. Hariri supported, would reduce the influence of his small sect.

Because so much of Lebanese politics is agreed upon in late-night meetings behind closed doors, the media and pundits place great emphasis on how regularly, where and with whom senior politicians meet.

In addition to Messrs Khoury and Hariri, the picture included Mr Joumbatt and his wife Nora, PSP politician Wael Abou Faour and Egyptian Ambassador to Lebanon Nazih el Nagari.

The picture of the dinner caused a great stir on Twitter, suggesting that a government would soon be formed. “God willing, white smoke will soon rise and Walid Beik [a nickname for Walid Joumblatt] “I will accept to resign as Industry Minister,” one user replied to the tweet. “Blessings be to you… We want you to form a cabinet,” wrote another.

Whether these wishes come true will be crucial in the next few days.

COMPANY%20PROFILE%20

%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C %2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumer%20of%20staff%3A%20 %3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20Support%20of%20Insead%20and%20Egyptian%20Government%2C%20Seed%20around%20of%20 %3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A

'My son'

Director: Christian Carion

Cast: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

SPECIFICATIONS

Nissan 370z Nismo

Motor: 3.7 liter V6

Transmission: Seven-speed automatic

Perfomance: 363 hp

Torque: 560 Nm

Price: Dh184,500

Jigra

With: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

Zayed Sustainability Prize
APPLE IPAD MINI (A17 PRO)

Display: 21 cm Liquid Retina Display, 2266 x 1488, 326 ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Memory: 128/256/512GB

Main camera: 12 MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12 MP ultra wide angle, f/2.4, Smart HDR 4, Full HD at 25/30/60 fps

Biometrics: Touch ID, Face ID

Colors: Blue, Purple, Space Gray, Starlight

Included: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

Killing of Qassem Suleimani
Company profile

%3Cp%3E%3Cstrong%3ECompany%20Name%3A%3C%2Fstrong%3E%20Cargoz%3Cbr%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%20January%202022%3Cbr%3E%3Cstrong%3EFounders %3A%3C%2Fstrong%3E%20Premlal%20Pullisserry%20and%20Lijo%20Antony%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumer%20of%20staff%3A %3C%2Fstrong%3E%2030%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A

What it means to be a conservationist

Who is Enric Sala?

Enric Sala is a marine conservation expert and currently Explorer-in-Residence at the National Geographic Society. His love of the sea began in his childhood in Spain, inspired by the example of the legendary diver Jacques Cousteau. He was a university professor of oceanography in the USA, worked at the Spanish National Council for Scientific Research and is a member of the World Economic Forum's Global Future Council on Biodiversity and the Bio-Economy. He has dedicated his life to protecting life in the oceans. Enric describes himself as a flexitarian who only occasionally eats meat.

What is biodiversity?

According to the United Nations Environment Program, all life on Earth—including in its forests and oceans—forms a “rich web of interconnected and interdependent forces.” Today's biodiversity on Earth is the product of four billion years of evolution and consists of many millions of different biological species. The term “biodiversity” is relatively new, having become popular since the 1980s and comes with an understanding of the growing threats to nature, including habitat loss, pollution and climate change. Biodiversity loss itself is dangerous because it contributes to clean, consistent water flows, food security, protection from floods and storms, and a stable climate. Nature can be an ally in the fight against global climate change, but to do so it must be protected. Nations are working to achieve this, including setting goals to be achieved by 2020 to protect the natural state of 17 percent of the land and 10 percent of the oceans. However, according to experts, these are far from enough as half of the country needs to be in a natural state to avert a catastrophe.

Joker: Folie a Deux

With: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips

Evaluation: 2/5

COMPANY PROFILE

Name: HyperSpace

Started: 2020

Founder: Alexander Heller, Rama Allen and Desi Gonzalez

Based: Dubai, United Arab Emirates

Sector: Entertainment

Number of employees: 210

Collected Investment: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners

GAME INFO

UEFA Champions League, round of 16. First leg

Atletico Madrid vs Juventus, midnight (Thursday), BeIN Sports

Company profile

%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

Company profile

%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong %3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20 %3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C %2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A

Thank you for banking with us

Director: Laila Abbas

With: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Evaluation: 4/5

FA Cup quarter-final draw

The games will be played on the weekend of March 21st and 22nd

Sheffield United vs Arsenal

Newcastle vs Manchester City

Norwich vs Derby/Manchester United

Leicester City vs Chelsea

Moon music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of titles: 10

Evaluation: 3/5

The specifications

Motor: 6.2 liter V8

Perfomance: 502 hp at 7,600 rpm

Torque: 637 Nm at 5,150 rpm

Transmission: 8-speed dual-clutch automatic

Price: from Dh317,671

On offer: Now