Singapore is committed to developing its most significant natural resource – its people. Edgar Su / Reuters
Singapore is committed to developing its most significant natural resource – its people. Edgar Su / Reuters

There is much for the UAE to admire in Singapore



Earlier this month, Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, gave an inspiring speech to Emirati youth at the Mohammed bin Zayed Majlis for Future Generations.

Sheikh Mohammed emphasised the singularity of the younger generation, instilling a sense of pride and commitment towards progress, personal achievement and dedication to play a role in helping to further the nation as a leader in both social and economic endeavours.

“Progress in this country cannot be made without the youth,” he said.

Sheikh Mohammed cited Singapore as an example due to its achievement in “human development, education and the economy”. He urged young people to learn about Singapore’s progress and various approaches to success, much of which is due to its thriving international partnerships.

In 2005, the UAE signed a cooperation pact with Singapore in an effort to facilitate trade, development and collaboration. More recently, the Monetary Authority of Singapore and the Abu Dhabi Global Market signed a cooperation agreement.

Singapore is committed to developing its most significant natural resource – its people. It is for this reason that it ranks highly in the fields of mathematics and science, according to the 2015 international assessment report by the Trends in International Mathematics and Science Study.

A structure based on generous scholarships to provide equal opportunity for children of all socioeconomic backgrounds and a fundamental commitment to meritocracy helps groom Singaporean youth for positions of leadership.

Singapore’s emphasis on academic performance has proved successful for the country and its efforts to build a “knowledge-based economy”.

Singapore is also a host to several of the world’s premier universities and is working on developing its own high-calibre institutions.

In 2015, another report ranked Singapore as number 11 in the world in relation to human development.

The report seeks to assess long-term progress on three levels of human development: a long and healthy life, access to knowledge and a decent standard of living.

By providing its people with meaningful work that enhances human development and ensuring the well-being of its families and communities, Singapore is able to successfully track progress and shape future policy and agendas.

It is for these and many other reasons that the UAE admires Singapore. Its sustained devotion towards social and economic progression through educational commitment, human development and international partnership has put it on the path to becoming a global leader in such endeavours.

We as a nation have worked long and hard to strive towards similar fundamentals and endeavour towards consistent progress and social cohesion.

It is for this that we look forward to a bright future of partnership, accord and growth with an admirable nation that is dedicated, like the UAE is, to development, leadership and harmony.

Hend Al Otaiba is a communications expert in Abu Dhabi

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)
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Company%20profile
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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

Andor
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Brief scores:

Toss: South Africa, chose to field

Pakistan: 177 & 294

South Africa: 431 & 43-1

Man of the Match: Faf du Plessis (South Africa)

Series: South Africa lead three-match series 2-0

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 

Lampedusa: Gateway to Europe
Pietro Bartolo and Lidia Tilotta
Quercus

COMPANY%20PROFILE
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Timeline

1947
Ferrari’s road-car company is formed and its first badged car, the 125 S, rolls off the assembly line

1962
250 GTO is unveiled

1969
Fiat becomes a Ferrari shareholder, acquiring 50 per cent of the company

1972
The Fiorano circuit, Ferrari’s racetrack for development and testing, opens

1976
First automatic Ferrari, the 400 Automatic, is made

1987
F40 launched

1988
Enzo Ferrari dies; Fiat expands its stake in the company to 90 per cent

2002
The Enzo model is announced

2010
Ferrari World opens in Abu Dhabi

2011
First four-wheel drive Ferrari, the FF, is unveiled

2013
LaFerrari, the first Ferrari hybrid, arrives

2014
Fiat Chrysler announces the split of Ferrari from the parent company

2015
Ferrari launches on Wall Street

2017
812 Superfast unveiled; Ferrari celebrates its 70th anniversary

Thank You for Banking with Us

Director: Laila Abbas

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

Rating: 4/5

Kill%20
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The biog

Name: Sari Al Zubaidi

Occupation: co-founder of Cafe di Rosati

Age: 42

Marital status: single

Favourite drink: drip coffee V60

Favourite destination: Bali, Indonesia 

Favourite book: 100 Years of Solitude 

UAE currency: the story behind the money in your pockets
Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
Call of Duty: Black Ops 6

Developer: Treyarch, Raven Software
Publisher:  Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now