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

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

    Bronwen Cerys Posted on

    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.

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    Company profile

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    Joker: Folie a Deux

    With: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

    Director: Todd Phillips

    Evaluation: 2/5

    The specifications

    Price, base Dh379,000
    Engine 2.9 liter twin turbo V6
    Transmission eight-speed automatic
    Power 503 hp
    Torque 443 Nm
    Now on sale

    Jigra

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

    What is Graphene?

    Graphene is a single layer of carbon atoms arranged like a honeycomb.

    It was discovered in 2004 when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were “playing around” with sticky tape and graphite – the material used as “lead” in pencils.

    By placing the tape on the graphite and peeling it off, they managed to tear off thin flakes of carbon. Initially, they received flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes became thinner.

    By repeatedly separating the graphite fragments, they managed to create flakes that were just one atom thick. Their experiment led to the isolation of graphene for the first time.

    At the time, many believed it was impossible for such thin crystalline materials to be stable. However, when viewed under a microscope, the material remained stable and showed incredible properties when tested.

    It is many times stronger than steel, yet incredibly light and flexible. It is electrically and thermally conductive, but also transparent. It is the world’s first 2D material and is a million times thinner than the diameter of a single human hair.

    But on an industrial scale, the “duct tape” method wouldn’t work. Since then, scientists have been working on creating graphene to take advantage of its incredible properties.

    In 2010, Geim and Novoselov received the Nobel Prize in Physics. Their discovery allowed physicists to study a new class of two-dimensional materials with unique properties.

    The specifications

    Motor: 3.0 liter 6-cylinder turbo engine

    Perfomance: 374 hp at 5,500-6,500 rpm

    Torque: 500 Nm from 1,900-5,000 rpm

    Transmission: 8-speed automatic

    Fuel consumption: 8.5L/100km

    Price: from Dh285,000

    On offer: from January 2022

    COMPANY PROFILE

    Founder: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi

    Total funding: Self-financed

    The National Archives, Abu Dhabi

    Established over 50 years ago, the National Archives collects valuable historical material related to the UAE and is the oldest and richest archive related to the Arabian Gulf.

    Much of the material can be viewed online at the Arabian Gulf Digital Archive – https://www.agda.ae/en

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    The chef’s advice

    Troy Payne, head chef at Abu Dhabi’s newest healthy eatery, Sanderson’s at Al Seef Resort & Spa, says singles need to change their mindset about how they approach the supermarket.

    “They feel like they can’t buy a single cucumber,” he says. “But I can go to a store — I feed two people at home — and I go to a store and buy a cucumber, I buy an onion.”

    Mr Payne asks that the sticker be placed directly on each item rather than resisting the temptation to fill one of the two kilogram plastic bags on offer.

    The chef also advises singles not to get too hung up on “organic” varieties, especially high-priced varieties that are flown in from far-flung areas. Local products are often grown sustainably and are significantly cheaper, he says.

    COMPANY PROFILE

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    Call of Duty: Black Ops 6

    Developer: Treyarch, Raven Software
    Editor: activation
    Console: PlayStation 4 and 5, Windows, Xbox One and Series X/S
    Evaluation: 3.5/5

    Moon music

    Artist: Coldplay

    Label: Parlophone/Atlantic

    Number of titles: 10

    Evaluation: 3/5

    COMPANY PROFILE

    Name: Almnssa

    Started: August 2020

    Founder: Areej Selmi

    Based: Gaza

    Sectors: Internet, e-commerce

    Investments: Grants/private funding

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    Company profile

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    COMPANY PROFILE

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    COMPANY PROFILE

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    Thank you for banking with us

    Director: Laila Abbas

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

    Evaluation: 4/5

    COMPANY PROFILE

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    Bronwen Cerys
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