Sheikh Abdullah bin Zayed has paid tribute to his father at the inauguration of a new gallery of the British Museum.
The UAE Minister of Foreign Affairs and International Cooperation attended the event to open the Sheikh Zayed bin Sultan Al Nahyan Gallery for Europe and the Middle East in London.
"The naming of one of the British Museum’s important galleries after our late father, Sheikh Zayed, is to honour his tireless efforts to provide welfare for all, and support the growth of cultural discourse and connection,” said Sheikh Abdullah.
“In addition to achieving unity between the seven Emirates, he also paid very close attention to culture, heritage and archeology, and here we see today the fruits of his efforts flourishing through this international recognition.
“This is especially rewarding as the gallery now carrying his name focuses on revealing the deep ties that the ancient Middle East established with Europe through cultural exchange, including the development of agricultural practices that have brought a radical change in lifestyle leading to a profound development in the general living conditions, and eventually to prosperity."
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The newly-named Sheikh Zayed bin Sultan Al Nahyan Gallery shows visitors the history of agricultural development between 10,000 and 800 BCE, as it began in the Middle East and spread to Europe.
The gallery’s opening follows an agreement signed last June by the Abu Dhabi Department of Culture and Tourism (DCT Abu Dhabi) and the British Museum, in recognition of the late Founding Father's support for culture in the UAE and the world.
In addition to renaming the gallery, the agreement provides for the loan of important items from the British Museum’s collection to be displayed at the galleries of the Zayed National Museum, as part of its permanent collection and museum narrative.
The ceremony was also attended by Noura Al Kaabi, Minister of Culture and Knowledge Development; Zaki Nusseibeh, Minister of State; Mohamed Khalifa Al Mubarak, chairman of DCT Abu Dhabi; Saif Saeed Ghobash, undersecretary of DCT Abu Dhabi; Sulaiman Al Mazroui, UAE Ambassador to the UK; Hartwig Fisher, director of the British Museum; Patrick Moody, UK Ambassador to the UAE; and Sir Richard Lambert, chairman of the British Museum.
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Marital status: Single
Education: Post-graduate diploma in UAE Diplomacy and External Affairs at the Emirates Diplomatic Academy in Abu Dhabi
Hobbies: I love fencing, I used to fence at the MK Fencing Academy but I want to start again. I also love reading and writing
Lifelong goal: My dream is to be a state minister
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Company%20profile
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The Melbourne Mercer Global Pension Index
The Melbourne Mercer Global Pension Index
Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.
The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.
“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.
“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”
Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.
Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.
“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.
