Day: July 3, 2021

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Mohammed bin Rashid attends graduation of first batch of entrepreneurs of the HCT Startup Development Programme

DUBAI, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, attended the graduation ceremony of the first batch of a group of entrepreneurs of the Higher Colleges of Technology Startup Development Programme. The programme is a response to an initiative to transform higher education institutions into business incubators to empower students and engage them into economic and creative activities and contribute to graduate highly-qualified entrepreneurs to support national economy with creative ideas that meet future requirements.

After reviewing a number of startups, His Highness Sheikh Mohammed bin Rashid said:” Equipping students with skills and tools for entrepreneurship constitutes a paramount important of the state directives as they (students) consider the real wealth and investment for a better future.” Investment in youth is the essence of our renaissance … a foundation of our future and an enabler to cope with developments around us.” ”The UAE is making relentless efforts to encourage and enhance entrepreneurship at all levels, especially in higher education institutions, which prepare students to enter the job market,” he added.

Sheikh Mohammed viewed a number of startups of young entrepreneurs spanning vital sectors from technology to health, cybersecurity, agritech, automation, 3D printing and education.

Since it was launched in 2019, the HCT Startup Development Programme established 108 startups and engaged 2,316 students. Students occupy 50 percent of the top management of these companies.

One of the successful stories of the programme is “E-Fate”, a student-operated company, promoting sustainability and energy efficiency through the collection of electronic waste.

The aim of E-Fate is to play a substantial role in positioning the UAE as a leader in the field of recycling.

Source: Emirates News Agency

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Dubai Judicial Institute: A journey of giving over 25 years

DUBAI, The success achieved by Dubai Judicial Institute (DJI) since its establishment, and the impact it has on promoting and spreading legal awareness in society, and preparing a generation with the best professional training and relevant modern knowledge, was not a product of the moment but a result of a gradual and comprehensive work mechanism that reflects the future vision of the wise leadership in developing the legal, legislative and judicial environment in Dubai.

It also reflects its awareness of the vital role played by this very important sector in economic and social development and enhancing stability and security in society.

In commemoration of its Silver Jubilee under the theme ‘We will continue what we started with knowledge and training’, and from the first moment it was established under Law No. 1 of 1996 and its amendments, as a public institute with a legal capacity, DJI spares no effort to continuously develop the role entrusted to it for the provision of the judicial and legal institutions in the UAE with qualified human resources based on its vision to be a distinguished regional legal and judicial centre. The institute also seeks to achieve its mission of providing members of the legal community with the best professional training and continuous development, based on the values of trust, professionalism and innovation.

DJI began its journey under the name ‘The Higher Institute of Legal and Judicial Sciences’, before the name was replaced by DJI in 2009, and it was a vital source in preparing and qualifying Emirati citizens to take over the work of the judiciary and public prosecution.

In 2001, the final plans were approved for a new scientific and cultural edifice to be DJI’s headquarters.

In 2002, work on the implementation of DJI’s project in Al Garhoud, Dubai, was launched, bearing the character of Islamic architecture in its designs, especially external ones. With this, DJI has become a vital destination that contributes to the development of the infrastructure of the judicial and legislative system in Dubai and the UAE, and has been able to implement several local and international partnerships that have contributed to enriching the legal environment, in addition to providing scholarships at international universities, as part of its endeavour to upgrade the judicial corps in Dubai, reaching global levels by providing scholarships to a selected group of Emirati students, and sending them abroad to study law in the most famous international universities. After completing their studies, they were also trained at DJI to prepare them for work in the judiciary field, in addition to providing training and professional programmes and workshops on several related issues.

In 2009, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the new law of the Dubai Judicial Institute issued on 3rd September, 2009. The law stipulated that its name be changed from The Higher Institute of Legal and Judicial Sciences to DJI. It also stipulated that DJI would be supervised by a board of directors consisting of a chairman and at least six members with experience and expertise, appointed by a decree issued by the ruler, for a period of three renewable years. The law also stipulated the establishment of a Scientific Council at DJI to study and express an opinion on everything related to DJI’s scientific, educational and training affairs. This law constitutes a fundamental shift in the important role played by DJI in the legal and judicial fields.

To this day, and as a legal governmental institute that owns a publishing house within its scientific, legal and judicial activities at the level of Dubai and the country, DJI has continued its role and methodology in developing its judicial programmes and adopting additional high-tech services that employ artificial intelligence as the basis for its success. It also strengthened its efforts to spread a culture of legal awareness in society, which will contribute to the synergy of roles towards creating an integrated judicial system at the highest level of readiness for the future, with its developments.

DJI also succeeded in achieving a complete smart transformation, coinciding with the global outbreak of COVID-19, which necessitated the imposition of precautionary measures to limit its spread. DJI’s success in digital transformation constitutes a qualitative leap in its professional and academic journey, relying on and employing artificial intelligence technologies. DJI also strengthened its various programmes and publications, and made optimal use of it in its anticipation for the future and preparation for the next fifty years, in line with the directives of Sheikh Mohammed bin Rashid Al Maktoum.

Source: Emirates News Agency

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Mohammed bin Rashid’s economic initiatives a qualitative shift towards better economic ecosystem: Economy Minister

ABU DHABI, Abdullah bin Touq Al Marri, Minister of Economy, confirmed that the economic initiatives launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, during his visit to the Ministry of Economy (MoE) serve as a qualitative shift towards developing the UAE’s economic ecosystem to be more competitive, resilient and sustainable, through a proactive approach and innovative policies, enabling it to keep pace with new economic trends.

Al Marri explained that the initiatives are a part of the MoE’s Fifty Economy Plan, which aims to double the UAE’s GDP by 2030 across four main pillar, including developing economic enablers, increasing opportunities in the UAE’s economic climate, providing a more conducive environment for business growth, and enhancing the global role of the UAE’s economy.

The five initiatives, which include an accelerator for family-owned businesses; the UAE Growth Lab; the Skill-Up Academy; the Scale-Up Platform; and the Investopia Investment Summit, complement a number of other existing initiatives, such as the UAE Strategy for Talent Attraction and Retention, and the Grow in UAE portal, in supporting the UAE’s drive in achieving its objective to double its GDP and enhance its economic model.

Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, said that the launch of the initiatives paves the way for a new phase of economic development in the UAE, and focuses the efforts of the UAE’s government and private sectors to drive the growth of the local economy, highlighting the importance of entrepreneurship in enhancing the new economic model, through the Skill-Up Academy and the Scale-Up Platform, to support, and enhancing the UAE’s position as a leading global champion of entrepreneurship and SMEs.

For his part, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that the MoE and its partners will seek to focus their efforts during the next period to implement the initiatives launched by Sheikh Mohammed bin Rashid Al Maktoum and enhance their impact in improving the UAE’s business and investment environments and driving its economy stressing that these initiatives.

Initiatives such as the Investopia Investment Summit and UAE Strategy for Talent Attraction and Retention will improve the UAE’s position as an attractive destination for foreign direct investment and a global hub for policy-making, idea generation, talent, advanced opportunities and building partnerships, he added.

The family business accelerator platform seeks to improve the performance of family-owned businesses, help them enter new markets and build their brands. The initiative aims to enhance the contributions of family-owned business to the local economy, especially as they amount to 90 percent of private companies in the UAE. It also seeks to develop partnership between the Ministry of Economy, family-owned businesses and startups to help advance the efforts of these two segments in research and innovation, especially in providing new services and products.

Established in collaboration with UAE University, Zayed University, American University of Sharjah, and New York University Abu Dhabi, the UAE Growth Lab initiative is designed to be a leading research institute that utilises data and advanced economic models to develop policies that can support the UAE’s competitiveness and leadership in the global economy, especially in trade, investment, SMEs, and fourth industrial revolution sectors.

The Skill-Up Academy seeks to develop the entrepreneurial skills of citizens and residents through educational initiatives and policies that also aim to promote diversification and the competitiveness of the local economy. The academy comprises 4 main programmes, namely an educational programme for school students; a skills development programme for university graduates; an entrepreneurship professional training programme; and a programme for honouring distinguished entrepreneurs. These programmes will be implemented in partnership with a number of concerned entities, including the Ministry of Education; the Federal Authority for Government Human Resources; Khalifa Fund For Enterprise Development; the Mohammed Bin Rashid Establishment for SME Development; and the Sharjah Entrepreneurship Centre (Sheraa).

The Scale-Up Platform supports the growth of small and medium sized companies with services and products designed to accelerate their expansion. Providing a framework for establishing the largest-ever government-private partnership to support SMEs, the platform is focused on 5 main pillars, namely digital transformation, joint operation and support services, global expansion, promoting and supporting exports and credit guarantees. Current partnerships in the platform include the Ministry of Economy, Emirates Development Bank, Etihad Credit Insurance and several other leading international companies.

The Investopia Investment Summit, a new conference to be held in March 2022, aims to bring together major global investors to discuss opportunities in various sectors of the new economy.

Al Marri explained the efforts of the MoE and its partners focused on updating all economic legislation in the UAE and significant progress was made in updating the Commercial Companies Law, and the Commercial Transactions Law, the Consumer Protection Law, and many others, noting that the coming period will see the issuance of many new or updated laws, such as the Family-owned Companies Law, Cooperatives Societies Law, Commercial Registry Law and Industrial Property Rights Law and other laws and regulations that will transform the UAE’s economy into a more flexible, sustainable and globally competitive ecosystem.

Source: Emirates News Agency