iPhone | iPad
Android
Huawei
The pair tangled while battling for third place behind winner Oscar Piastri of McLaren and Ferrari's Charles Leclerc
KT APPDOWNLOAD
UAE to create a new task force for digital economy
Abdulla Bin Touq Al Marri, the UAE’s Minister of Economy. File photo
Dubai - Minister urges government and business leaders need to think beyond pandemic to a digitally-enabled economy.
The UAE will set up a task force to create a next-generation economy structure for 2050-2060, said Abdulla Bin Touq Al Marri, the UAE’s Minister of Economy.
He said that government and business leaders need to think beyond the pandemic to a digitally-enabled economy driven by imagination.
Al Marri said that talent would fuel the future economy and that the UAE had demonstrated its resilience and promise by delivering a 13 per cent increase in exports in 2020 compared to 2019, despite the effects of the Covid-19 pandemic.
The Minister confirmed that key B2B cross-national discussions are taking place at Expo 2020 Dubai with digitalisation, diversification and tourism dominating agendas.
He said new regulations introduced during the pandemic such as 100 per cent foreign ownership, decriminalization of cheques and anti-money laundering laws were vital to help the country ride out of the crisis and attract higher foreign direct investment flow.
“Not just the UAE, the whole global economy is looking at pre-Covid and post-Covid economy. We are looking at digitalisation as an enabler,” he said during the Gitex Global at the Dubai World Trade Centre.
Meanwhile, Ibrahim Al Qasim, executive director, of the space sector at UAE Space Agency, said the next space race would be fought by the private sector, with governments providing investment and regulations to mitigate risks and enable critical innovation.
He said the UAE Government is looking to the private sector to contribute 50 per cent to the upstream development of its 2030 mission to explore Venus and the Asteroid Belt.
waheedabbas@khaleejtimes.com
More news from
Transaction includes approximately 86 million shares of Ma’aden and $150 million in cash
Celebrity endorsements rarely carry enormous weight, but the hugely popular Swift is seen as being in a class of her own
Zelenskiy is due to meet with US President Joe Biden this month and will present a plan for ending the war
Brazil has been parched by a historic drought that experts link to climate change and which has sparked what authorities have called a 'fire pandemic'
The ship was crossing the UAE's territorial waters when the medical emergency took place
The win, their third in a row away to their bitter rivals, puts Arsenal on 10 points from four games, two behind champions Manchester City
Generative artificial intelligence uses 30 times more energy than a traditional search engine