UAE Minister of State for Government Development and the Future Ohood Al Roumi, Margareta Drzeniek, managing partner with Horizon Group, Nigel Holloway, chief executive of Newsweek Vantage, at the launch of the index. Photo: The National
UAE Minister of State for Government Development and the Future Ohood Al Roumi, Margareta Drzeniek, managing partner with Horizon Group, Nigel Holloway, chief executive of Newsweek Vantage, at the launch of the index. Photo: The National
UAE Minister of State for Government Development and the Future Ohood Al Roumi, Margareta Drzeniek, managing partner with Horizon Group, Nigel Holloway, chief executive of Newsweek Vantage, at the launch of the index. Photo: The National
UAE Minister of State for Government Development and the Future Ohood Al Roumi, Margareta Drzeniek, managing partner with Horizon Group, Nigel Holloway, chief executive of Newsweek Vantage, at the lau

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Future

UAE launches index in Davos to track opportunities, from AI to net zero and well-being

Future Possibilities Index to become 'major flagship' during World Economic Forum annual meetings, says minister

Mustafa Alrawi
Mustafa Alrawi
Davos, Switzerland

January 17, 2023

  • English
  • Arabic

The UAE announced in Davos on Tuesday the launch of an index to help business leaders and policymakers track disruptive trends and transformations and find opportunities to boost economic growth.

The Future Possibilities Index, which will also include a survey of executives in 70 countries, builds on the 2020 Future Possibilities Report, commissioned by the UAE government, which identified half a dozen trends — from circular and “experience” economies to biomaterials and big data — that will advance the UN's 2030 Agenda for Sustainable Development.

The UAE, which will not be part of the process for producing the index, aims “to make this index a major flagship index in Davos during the annual meetings of the World Economic Forum, and an important global source for governments and decision-makers to inspire forward-looking policies and strategies”, said Ohood Al Roumi, Minister of State for Government Development and the Future.

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At the UAE's Pavilion on the main Promenade in Davos, Switzerland, the minister signed a preliminary partnership agreement with Newsweek’s Vantage research and analysis division and global experts Horizon Group.

“In this era, we are witnessing a wave of new trends shaping unique opportunities that could benefit future generations. It is up to us to make the best out of these emerging disruptions and transformations to design a better future,” said Ms Al Roumi.

The UAE will have a role on the advisory board for the index.

Margareta Drzeniek, managing partner with Horizon Group, which helped compile the UN backed report the UAE released three years ago, said decision makers would need data to be able to assess the six areas of opportunity for growth that the index would measure.

Lawrence Summers, president emeritus and professor at Harvard University, speaks during a panel session on day three of the World Economic Forum's Annual Meeting in Davos, Switzerland. Bloomberg
Lawrence Summers, president emeritus and professor at Harvard University, speaks during a panel session on day three of the World Economic Forum's Annual Meeting in Davos, Switzerland. Bloomberg
Netherlands Prime Minister Mark Rutte and Tanzanian President Samia Hassan during a panel discussion in Davos. AP
Netherlands Prime Minister Mark Rutte and Tanzanian President Samia Hassan during a panel discussion in Davos. AP
EU Parliament President Roberta Metsola speaks at the forum. AP
EU Parliament President Roberta Metsola speaks at the forum. AP
Greek Prime Minister Kyriakos Mitsotakis, left, speaks to CNN journalist Fareed Zakaria at the Congress Centre in Davos. AFP
Greek Prime Minister Kyriakos Mitsotakis, left, speaks to CNN journalist Fareed Zakaria at the Congress Centre in Davos. AFP
Iranian-American journalist and women's rights activist Masih Alinejad takes part in an interview with a TV news channel in Davos. AFP
Iranian-American journalist and women's rights activist Masih Alinejad takes part in an interview with a TV news channel in Davos. AFP
Mr Mitsotakis is seen on a TV camera viewfinder at the Congress Centre in Davos. AFP
Mr Mitsotakis is seen on a TV camera viewfinder at the Congress Centre in Davos. AFP
Faisal Alibrahim, Saudi Arabia's Economy and Planning Minister, speaks during a panel session in Davos. Bloomberg
Faisal Alibrahim, Saudi Arabia's Economy and Planning Minister, speaks during a panel session in Davos. Bloomberg
Climate activist Greta Thunberg addresses journalists in Davos. Reuters
Climate activist Greta Thunberg addresses journalists in Davos. Reuters
Mary Erdoes, chief executive of JP Morgan Chase's asset wealth management arm, listens during a panel session in Davos. Bloomberg
Mary Erdoes, chief executive of JP Morgan Chase's asset wealth management arm, listens during a panel session in Davos. Bloomberg
Officials take part in the World Economic Forum's Busting Business Barriers session. Photo: World Economic Forum
Officials take part in the World Economic Forum's Busting Business Barriers session. Photo: World Economic Forum
Dr Thani Al Zeyoudi, the UAE Minister of State for Foreign Trade, is among the senior officials in Davos. Photo: WEF
Dr Thani Al Zeyoudi, the UAE Minister of State for Foreign Trade, is among the senior officials in Davos. Photo: WEF
Former US vice president Al Gore, who is also a member of board of trustees of the forum, at a session titled Leading the Charge through Earth's New Normal. Photo: WEF
Former US vice president Al Gore, who is also a member of board of trustees of the forum, at a session titled Leading the Charge through Earth's New Normal. Photo: WEF
Famed cellist Yo-Yo Ma performs at the event. Photo: WEF
Famed cellist Yo-Yo Ma performs at the event. Photo: WEF
Deemah Al Yahya, secretary general of the Digital Co-operation Organisation in Saudi Arabia, at the forum's Turning Technologies into the Markets of Tomorrow session. Photo: WEF
Deemah Al Yahya, secretary general of the Digital Co-operation Organisation in Saudi Arabia, at the forum's Turning Technologies into the Markets of Tomorrow session. Photo: WEF
US climate change envoy John Kerry at the Keeping the Pace on Climate session. Photo: WEF
US climate change envoy John Kerry at the Keeping the Pace on Climate session. Photo: WEF
Shoes worn by Rodrigo Oliveira, founder of Brazilian group Green Mining, emphasise support for environmental initiatives. Photo: WEF
Shoes worn by Rodrigo Oliveira, founder of Brazilian group Green Mining, emphasise support for environmental initiatives. Photo: WEF
Mina Al-Oraibi, Editor in Chief of The National, moderates a session on the Middle East that featured Prince Faisal bin Farhan, Saudi Arabia's Minister of Foreign Affairs. Photo: WEF
Mina Al-Oraibi, Editor in Chief of The National, moderates a session on the Middle East that featured Prince Faisal bin Farhan, Saudi Arabia's Minister of Foreign Affairs. Photo: WEF
Officials and delegates take part in the Middle East: Meeting Point or Battleground? session. Photo: WEF
Officials and delegates take part in the Middle East: Meeting Point or Battleground? session. Photo: WEF
Polish President Andrzej Duda speaks at the Restoring Security and Peace session. Photo: WEF
Polish President Andrzej Duda speaks at the Restoring Security and Peace session. Photo: WEF
Mr Duda, Nato chief Jens Stoltenberg, Canada's Deputy Prime Minister Chrystia Freeland, Yuliia Svyrydenko, first deputy prime minister in Ukraine, and US Director of National Intelligence Avril Haines attend a session hosted by broadcaster Fareed Zakaria. Photo: WEF
Mr Duda, Nato chief Jens Stoltenberg, Canada's Deputy Prime Minister Chrystia Freeland, Yuliia Svyrydenko, first deputy prime minister in Ukraine, and US Director of National Intelligence Avril Haines attend a session hosted by broadcaster Fareed Zakaria. Photo: WEF
Olena Zelenska, Ukraine's first lady, watches as Ukrainian President Volodymyr Zelenskyy addresses the forum. Photo: WEF
Olena Zelenska, Ukraine's first lady, watches as Ukrainian President Volodymyr Zelenskyy addresses the forum. Photo: WEF
Mohamad Al Ississ, Jordan's Minister of Finance, takes part in the session titled The Middle East: Meeting Point or Battleground? Photo: WEF
Mohamad Al Ississ, Jordan's Minister of Finance, takes part in the session titled The Middle East: Meeting Point or Battleground? Photo: WEF
Mr Zelenskyy gives a video address to the forum in Davos. AFP
Mr Zelenskyy gives a video address to the forum in Davos. AFP
Former US secretary of state Henry Kissinger appears on screen during the annual meeting of the World Economic Forum, in Davos. AP
Former US secretary of state Henry Kissinger appears on screen during the annual meeting of the World Economic Forum, in Davos. AP
US governors Brian Kemp and JB Pritzker, senators Chris Coons, Joe Manchin and Kyrsten Sinema and representatives Maria Salazar and Mikie Sherrill take part in a panel discussion at Davos. AP
US governors Brian Kemp and JB Pritzker, senators Chris Coons, Joe Manchin and Kyrsten Sinema and representatives Maria Salazar and Mikie Sherrill take part in a panel discussion at Davos. AP
Saudi Foreign Minister Prince Faisal bin Farhan attends a session in Davos. AFP
Saudi Foreign Minister Prince Faisal bin Farhan attends a session in Davos. AFP
Chinese Vice Premier Liu He on the opening day of the forum. Bloomberg
Chinese Vice Premier Liu He on the opening day of the forum. Bloomberg
Fifa president Gianni Infantino, left, and Patrice Motsepe, billionaire founder of African Rainbow Minerals, arrive at the forum's venue in Davos. EPA
Fifa president Gianni Infantino, left, and Patrice Motsepe, billionaire founder of African Rainbow Minerals, arrive at the forum's venue in Davos. EPA
Finland's Prime Minister Sanna Marin, right, is interviewed by Fareed Zakaria in Davos. AP
Finland's Prime Minister Sanna Marin, right, is interviewed by Fareed Zakaria in Davos. AP
Delegates visit the refreshments area between sessions in Davos. Bloomberg
Delegates visit the refreshments area between sessions in Davos. Bloomberg
Singer Angelique Kidjo performs in Davos. EPA
Singer Angelique Kidjo performs in Davos. EPA
From left, WEF founder Klaus Schwab, European Commission President Ursula von der Leyen, Ukrainian first lady Olena Zelenska and Swiss President Alain Berset pose together during the 53rd annual meeting of the forum in Davos. EPA
From left, WEF founder Klaus Schwab, European Commission President Ursula von der Leyen, Ukrainian first lady Olena Zelenska and Swiss President Alain Berset pose together during the 53rd annual meeting of the forum in Davos. EPA
Ms Zelenska hit out at Russia and said 'we cannot allow a new Chernobyl to happen'. AFP
Ms Zelenska hit out at Russia and said 'we cannot allow a new Chernobyl to happen'. AFP
Mr Berset addresses delegates in Davos. EPA
Mr Berset addresses delegates in Davos. EPA
Ms von der Leyen said the 27-nation bloc would become much more forceful in countering unfair trading practices. Reuters
Ms von der Leyen said the 27-nation bloc would become much more forceful in countering unfair trading practices. Reuters
Ferdinand Marcos, President of the Philippines, arrives to attend a session in Davos. AP
Ferdinand Marcos, President of the Philippines, arrives to attend a session in Davos. AP
Former US vice president Al Gore is expected to discuss decarbonisation, as well as efforts to build clean energy infrastructure and ensure equitable growth. EPA
Former US vice president Al Gore is expected to discuss decarbonisation, as well as efforts to build clean energy infrastructure and ensure equitable growth. EPA
From second left, WEF president Borge Brende, Carbon Direct vice chairwoman Nili Gilbert and US climate envoy John Kerry with other delegates in Davos. EPA
From second left, WEF president Borge Brende, Carbon Direct vice chairwoman Nili Gilbert and US climate envoy John Kerry with other delegates in Davos. EPA
Credit Suisse chairman Axel Lehmann speaks during the 53rd WEF Annual Meeting. EPA
Credit Suisse chairman Axel Lehmann speaks during the 53rd WEF Annual Meeting. EPA
DP World chief executive Sultan bin Sulayem in Davos. Bloomberg
DP World chief executive Sultan bin Sulayem in Davos. Bloomberg
UBS chief executive Ralph Hamers speaks during a television interview on the opening day of the forum. Bloomberg
UBS chief executive Ralph Hamers speaks during a television interview on the opening day of the forum. Bloomberg
From left, Hong Kong Exchanges & Clearing Ltd chairwoman Laura Cha, Banco de Portugal Governor Mario Centeno, Bloomberg TV anchor Francine Lacqua, Credit Suisse chairman Axel Lehmann and S&P Global president and chief executive Douglas Peterson during a panel session on the opening day of the forum. Bloomberg
From left, Hong Kong Exchanges & Clearing Ltd chairwoman Laura Cha, Banco de Portugal Governor Mario Centeno, Bloomberg TV anchor Francine Lacqua, Credit Suisse chairman Axel Lehmann and S&P Global president and chief executive Douglas Peterson during a panel session on the opening day of the forum. Bloomberg
Mr Kerry delivers a speech at the Congress Centre in Davos. AFP
Mr Kerry delivers a speech at the Congress Centre in Davos. AFP
Musicians take part in a concert during the official opening of the forum. Photo: WEF
Musicians take part in a concert during the official opening of the forum. Photo: WEF
Jordanian vocalist Farah Siraj, centre, and Egyptian-Australian multi-instrumentalist Joseph Tawadros, left, perform during the I Sea You concert. Photo: WEF
Jordanian vocalist Farah Siraj, centre, and Egyptian-Australian multi-instrumentalist Joseph Tawadros, left, perform during the I Sea You concert. Photo: WEF
Tawadros is one of the world's leading oud performers and composers. Photo: WEF
Tawadros is one of the world's leading oud performers and composers. Photo: WEF
WEF managing director Alois Zwinggi speaks during a session called 'In Harmony with Nature'. Photo: WEF
WEF managing director Alois Zwinggi speaks during a session called 'In Harmony with Nature'. Photo: WEF
Gail Whiteman, left, a professor of sustainability at the University of Exeter Business School, speaks during the 'In Harmony with Nature' panel discussion. Photo: WEF
Gail Whiteman, left, a professor of sustainability at the University of Exeter Business School, speaks during the 'In Harmony with Nature' panel discussion. Photo: WEF
Mr Schwab delivers a speech during the 'Crystal Award' ceremony in Davos. AFP
Mr Schwab delivers a speech during the 'Crystal Award' ceremony in Davos. AFP
Actor Idris Elba, right, and his wife Sabrina Dhowre Elba, left, smile on the podium during the Crystal Award ceremony. AP
Actor Idris Elba, right, and his wife Sabrina Dhowre Elba, left, smile on the podium during the Crystal Award ceremony. AP
Kyiv Mayor Vitali Klitschko attends the Crystal Award ceremony. EPA
Kyiv Mayor Vitali Klitschko attends the Crystal Award ceremony. EPA
Singer Renee Fleming, right, receives a Crystal Award from Hilde Schwab, wife of WEF founder Klaus Schwab. AP
Singer Renee Fleming, right, receives a Crystal Award from Hilde Schwab, wife of WEF founder Klaus Schwab. AP
Delegates at the welcome reception before the official start of the forum. Bloomberg
Delegates at the welcome reception before the official start of the forum. Bloomberg
Food for attendees at the welcome reception. Bloomberg
Food for attendees at the welcome reception. Bloomberg
A kiosk serving hot chocolate from the UAE at the forum. Bloomberg
A kiosk serving hot chocolate from the UAE at the forum. Bloomberg
The Infosys pavilion at the forum. Bloomberg
The Infosys pavilion at the forum. Bloomberg
Ukraine's pavilion in Davos. Reuters
Ukraine's pavilion in Davos. Reuters
Swiss police officers on patrol in Davos. Reuters
Swiss police officers on patrol in Davos. Reuters
From left, German Vice Chancellor Robert Habeck with Swiss ministers Guy Parmelin and Albert Roesti before the start of a bilateral meeting in Davos. EPA
From left, German Vice Chancellor Robert Habeck with Swiss ministers Guy Parmelin and Albert Roesti before the start of a bilateral meeting in Davos. EPA
A delegate passes a digital display in Davos. Bloomberg
A delegate passes a digital display in Davos. Bloomberg

These are transformative trends such as “the new digital economy, for example, AI, quantum computing … the transition to net zero … health and well-being … the experience economy, which describes the move away from consuming goods towards experiences, including tourism, but also learning opportunities. And last but not least, a circular economy,” she said.

The index will track the readiness of countries with regards to the above areas, in both the private and public sectors and including if they have the necessary infrastructure in place, Ms Drzeniek said. This would give investors and companies an assessment of where the best opportunities might be.

The 2020 report said there could be as much as a $30 trillion (Dh110 trillion) boost for the global economy by 2025 if governments were able to take advantage of an influx of data, cutting-edge technology and new consumer preferences.

“From the country perspective, it gives them a sense where they are in the process, what they need to do because all those transformations are going to be defining the economy of the future,” she said.

The index would also help countries choose which areas to focus on and prioritise “based on where they have the strengths … also it helps them to see what they need to improve”, Ms Drzeniek said.

“They can benchmark themselves against other countries … and where also the opportunities for leapfrogging are [and find] short-term opportunities.”

The index could also help promote dialogue “that will be more open-minded, and more inclusive of the different groups around the world, north and south, east and west, the younger generation and the older generation,” said Nigel Holloway, chief executive of Newsweek Vantage.

Conflict, drought, famine

Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.

Band Aid

Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.

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THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Royal wedding inspired menu

Ginger, citrus and orange blossom iced tea

Avocado ranch dip with crudites

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Elderflower and lemon syllabub meringue

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Playing September 30

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