As the host of the 2012 Global Entrepreneurial Summit in Dubai this week, the UAE is raising its commercial profile and showcasing its groundbreaking achievements in entrepreneurship.
The UAE is a young country at 41 years old, but its spirit of entrepreneurship spans generations. Founded by Sheikh Zayed on the principles of peace, progress, and prosperity, the UAE's unification brought together seven emirates steeped in tradition and ripe for economic growth.
Centrally positioned to serve as a first-mover in the region, the UAE's leadership has fully embraced the efforts of citizens and residents to drive commercial progress and cultivate innovation - a trend that is beginning to gain wider recognition on the world stage.
In the past 10 years, the country has aggressively streamlined its economic development and international engagement efforts to commercially leverage its geographic location and modernise its infrastructure to cope with the changing world market.
More recently, the UAE has emerged as a key strategic ally in the maintenance of regional security in the Middle East and North Africa (Mena) region and an economic partner to key global markets including the United States, India, and China.
Moreover, in accordance with Vision 2021, the country's established federal economic framework, the UAE aims to develop key global economic sectors including: commercial aerospace and defence, health care, tourism, education, infrastructure, media, and energy (including renewable and civilian nuclear). Each of these sectors supports the country's commitment to diversifying its economy away from a dependence on oil, with the help of the US and other nations, to achieve sustainability and foster innovation.
For its part, the US has been key partner to the UAE in supporting its ambitious economic objectives. In fact, the American private sector has been active in the Emirates for the greater part of the past century and is regarded as a leading source of quality service, production and training in the Emirates and the broader Middle East region.
US companies have been instrumental in supporting the development of key sectors in the UAE including transportation and civil infrastructure, higher education, financial services, commercial aerospace and defence, energy (oil, renewable and civilian nuclear), information technology, and others.
In recent years, the UAE has emerged as America's top export market in the broader Mena region - a position it has held since 2009. In fact, the US and UAE shared a record US$18.34 billion (Dh67.36bn) trade volume last year and trade has already accounted for $18.28bn through the first nine months of this year, according to US government statistics.
Meanwhile, the US continues to support the UAE's development strategy to become a global trading and logistics hub, cultural centre for Arabic media content, and global transit point, while working in tandem to advance the trade relationship to create and sustain jobs at home. In that spirit, both governments agreed to establish the US-UAE Economic Policy Dialogue in March to formalise policy coordination and to elevate the importance of the trade and economic aspects of the relationship between the two governments.
For its part, the third annual Global Entrepreneurship Summit is a tangible answer to calls made by the US president Barack Obama in his 2009 Cairo speech for global support to enhance economic growth in the Mena region.
The conference - held previously in Washington DC and Istanbul - is supported at the highest policy levels and is being held by the UAE in partnership with the US state department, the White House, and other American government entities.
This high level of support is indicative of the strength of US-UAE relations and the confidence American policymakers place in the UAE's ability to deliver a modern, results-driven corporate atmosphere for the event.
As global thought-leaders descend on Dubai for the Global Entrepreneurial Summit, the UAE will have a unique opportunity to highlight its dynamic entrepreneurial success and vision before a large and influential international audience.
Danny Sebright is the president of the US-UAE Business Council and head of the Middle East practice at The Cohen Group, a geostrategic business consultancy in Washington DC
business@thenational.ae
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The Specs:
The Specs:
Engine: 2.9-litre, V6 twin-turbo
Transmission: 8-speed automatic
Power: 444bhp
Torque: 600Nm
Price: AED 356,580 incl VAT
On sale: now.
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Women’s T20 World Cup Asia Qualifier
ICC Academy, November 22-28
UAE fixtures
Nov 22, v Malaysia
Nov 23, v Hong Kong
Nov 25, v Bhutan
Nov 26, v Kuwait
Nov 28, v Nepal
ICC T20I rankings
14. Nepal
17. UAE
25. Hong Kong
34. Kuwait
35. Malaysia
44. Bhutan
UAE squad
Chaya Mughal (captain), Natasha Cherriath, Samaira Dharnidharka, Kavisha Egodage, Mahika Gaur, Priyanjali Jain, Suraksha Kotte, Vaishnave Mahesh, Judit Peter, Esha Rohit, Theertha Satish, Chamani Seneviratne, Khushi Sharma, Subha Venkataraman
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5pm: Maiden (PA) Dh80,000 1,600m
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5.30pm: Conditions (PA) Dh85,000 1,600m
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6pm: Handicap (TB) Dh100,000 1,600m
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6.30pm: The President’s Cup Prep (PA) Dh100,000 2,200m
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7pm: Wathba Stallions Cup (PA) Dh70,000 1,200m
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7.30pm: Handicap (PA) Dh80,000 1,400m
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Israel Palestine on Swedish TV 1958-1989
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Rating: 5/5
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THE SPECS – Honda CR-V Touring AWD
Engine: 2.4-litre 4-cylinder
Power: 184hp at 6,400rpm
Torque: 244Nm at 3,900rpm
Transmission: Continuously Variable Transmission (CVT)
0-100kmh in 9.4 seconds
Top speed: 202kmh
Fuel consumption: 6.8L/100km
Price: From Dh122,900
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Greener Crop – agriculture
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Monak – delivery
NutzenTech – environment
Nybl – machine learning
Occicor – shelf management
Olymon Solutions – smart automation
Pivony – user-generated data
PowerDev – energy big data
Sav – finance
Searover – renewables
Swftbox – delivery
Trade Capital Partners – FinTech
Valorafutbol – sports and entertainment
Workfam – employee engagement
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Mina Cup winners
Under 12 – Minerva Academy
Under 14 – Unam Pumas
Under 16 – Fursan Hispania
Under 18 – Madenat
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now