A book fair being hosted at Al Safa Art and Design Library in Dubai. Chris Whiteoak / The National
A book fair being hosted at Al Safa Art and Design Library in Dubai. Chris Whiteoak / The National
A book fair being hosted at Al Safa Art and Design Library in Dubai. Chris Whiteoak / The National
A book fair being hosted at Al Safa Art and Design Library in Dubai. Chris Whiteoak / The National


As Gulf countries continue to grow, they need more public libraries


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June 26, 2024

Recent evidence from the US suggests that allocating government funding for public libraries increases children’s engagement. The result is a tangible improvement in children’s intellectual skills.

By studying the US’s experience and adapting it to their own local context, Gulf countries may reap considerable rewards from increasing investment in public libraries.

Anyone who has seen the dramatic change in the Dubai skyline from 1970-2020 is keenly aware of how rapidly the infrastructure has improved in the Gulf countries after discovering oil and setting up strong national agendas.

Prior to the availability of these resources, the harsh, arid climate meant that high population densities were unsustainable, placing a low ceiling on the value of large-scale infrastructure investments. Moreover, the limited means available to the governments meant that they could scarcely afford to spend big on projects such as sophisticated transport networks, in contrast to what was commonly unfolding in the western world during the first half of the 20th century.

As a result, when the high oil prices of the 1970s did present an opportunity for effecting an unprecedented leap in the quality of infrastructure, there was much ground to make up. Public libraries did not secure a high position in the list of priorities, with governments preferring to focus on infrastructure that was more critical and with a more easily perceptible economic return, such as power stations and airports.

As an illustration, according to data from the International Federation of Library Associations and Institutions, in 2022, the five Gulf countries for which data is available all had less than 0.5 public libraries per 100,000 people, as compared to more than five public libraries per 100,000 in the UK and US.

Abu Dhabi Children’s Library. Courtesy Department of Culture and Tourism – Abu Dhabi
Abu Dhabi Children’s Library. Courtesy Department of Culture and Tourism – Abu Dhabi

The limited attention paid to public libraries was reinforced by the meagre academic literature estimating the benefits of investing in such institutions at the time, as it meant that the western consultants who often advised the governments on optimal infrastructure investments had few figures to lean on when potentially extolling the virtue of allocating funds to public libraries.

More specifically, the discipline of economics underwent a methodological revolution after the Second World War due to simultaneous advancements in data availability, statistical modelling and computing power. This allowed economists to demonstrate the potentially impressive returns associated with allocating public funds to roads, hospitals and universities.

However, as scholars Dr Gregory Gilpin (Montana State University), Dr Ezra Karger (Federal Reserve Bank of Chicago) and Dr Peter Nencka (Miami University) explained in a recent paper on US investments in public libraries, a variety of idiosyncratic methodological challenges meant that economists did not try to estimate the economic returns associated with investing in public libraries. As a result, the case of supporting such institutions has traditionally rested on appeals to a nebulous return associated with having a more bibliophilic society.

There is an important qualification for the Gulf, which is the need to replicate the methods used in the study, but for the data that will be generated locally

Yet in their 2024 paper, The Returns to Public Library Investment, Dr Gilpin and his co-authors plug this intellectual gap – at least in the case of US public libraries. They gather 21st-century data on capital expenditure in American public libraries and tie this information to two other groups of data: first, data on children’s activity in those libraries, such as the number of visits and books borrowed; and second, data on children’s intellectual abilities, provided by their performance in standardised tests.

The results constitute a rare and unprecedented demonstration of the returns to investing in public libraries. The economists were able to show that the libraries that experienced increases in their capital expenditure were able to attract greater numbers of local children and to circulate a larger number of books among them. Moreover, this translated into substantive improvements in their scores in standardised tests.

Of course, fixating on outcome measures such as higher SAT scores would probably make most supporters of public libraries cringe. They would argue that much of the benefit accruing to society cannot be gauged by means as primitive as children’s responses to multiple choice questions. Instead, having a more learned and worldly society that prefers losing itself in bookstacks to playing video games is the real benefit of an effective system of public libraries.

Al-Nahda Al-Arabiya Library in central Baghdad. The number of libraries in the Middle East have reduced. EPA
Al-Nahda Al-Arabiya Library in central Baghdad. The number of libraries in the Middle East have reduced. EPA

Nevertheless, ignoring the easy-to-measure economic returns is no longer an option in the 21st-century model of public administration. Countries such as Saudi Arabia and the UAE use such metrics as tools for holding civil servants accountable and maintaining the efficacy of their public spending. Accordingly, the conclusions of the study by Dr Gilpin and his colleagues should persuade countries to consider increasing their investment in public libraries.

There is an important qualification for the Gulf, however, which is the need to replicate the methods used in the study, but for the data that will be generated locally – should the governments be convinced of the benefits of investing in public libraries. How a library affects children living locally depends crucially on many cultural factors that differ between countries such as the US and Kuwait.

For example, if attending events at public libraries depends heavily on children being able to walk to their local book repositories and participate autonomously, the local climate during summer months in the Gulf could undermine an important link in the causal chain, as the heat would leave children house-bound. Similarly, if the rate of output of books in the Arabic language is significantly lower than in the English language, then children in the Gulf will have fewer options of books to engage them, potentially blunting the returns associated with investing in public libraries.

Baghdad’s eighth-century House of Wisdom demonstrates that the region’s peoples are no strangers to the value of investing in libraries. However, nearly 800 years have passed since the Mongol armies filled the Tigris River’s waters with the ink of books pillaged from the medieval wonder. And in that time, societal appreciation of the value of libraries has arguably waned, as reflected in falling scores in the reading component of standardised international tests.

The Mohammed bin Rashid Library, King Abdulaziz Public Library and Qatar National Library are fine examples of what already exists, but the region will only benefit with many more like them.

The publication of a study that confirms the returns to investing in public libraries provides the Gulf countries with a timely opportunity to consider investing in these types of institutions, with an eye on a more educated and worldly generation of children.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
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%3Cp%3EThe%20UAE%20flag%20was%20first%20unveiled%20on%20December%202%2C%201971%2C%20the%20day%20the%20UAE%20was%20formed.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIt%20was%20designed%20by%20Abdullah%20Mohammed%20Al%20Maainah%2C%2019%2C%20an%20Emirati%20from%20Abu%20Dhabi.%C2%A0%3C%2Fp%3E%0A%3Cp%3EMr%20Al%20Maainah%20said%20in%20an%20interview%20with%20%3Cem%3EThe%20National%3C%2Fem%3E%20in%202011%20he%20chose%20the%20colours%20for%20local%20reasons.%C2%A0%3C%2Fp%3E%0A%3Cp%3EThe%20black%20represents%20the%20oil%20riches%20that%20transformed%20the%20UAE%2C%20green%20stands%20for%20fertility%20and%20the%20red%20and%20white%20colours%20were%20drawn%20from%20those%20found%20in%20existing%20emirate%20flags.%3C%2Fp%3E%0A
THE%20FLASH
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Student Of The Year 2

Director: Punit Malhotra

Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal 

1.5 stars

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ETuhoon%0D%3Cbr%3E%3Cstrong%3EYear%20started%3A%20%3C%2Fstrong%3EJune%202021%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%20%3C%2Fstrong%3EFares%20Ghandour%2C%20Dr%20Naif%20Almutawa%2C%20Aymane%20Sennoussi%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Ehealth%20care%0D%3Cbr%3E%3Cstrong%3ESize%3A%20%3C%2Fstrong%3E15%20employees%2C%20%24250%2C000%20in%20revenue%0D%3Cbr%3EI%3Cstrong%3Envestment%20stage%3A%20s%3C%2Fstrong%3Eeed%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EWamda%20Capital%2C%20Nuwa%20Capital%2C%20angel%20investors%3C%2Fp%3E%0A
Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

TWISTERS

Director: Lee Isaac Chung

Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
Updated: July 11, 2024, 2:29 PM