DUBAI, U.A.E: Mohamed Al Hussaini Rings Market-Opening Bell to Celebrate Listing ‘Islamic Treasury Sukuk’ on Nasdaq Dubai

Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, rang the market-opening bell to celebrate and mark listing the domestic Dirhams Islamic Treasury Sukuk (T-Sukuk) on Nasdaq Dubai.

The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced launching dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a benchmark auction size of AED1.1 billion.

The launching of Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) includes a series of issuances, in order to attract a new category of investors and support the sustainability of economic growth.

Total issuance of AED1.1 billion

The issuance of T-Sukuk is aimed at enhancing the UAE’s economic competitiveness by providing high-quality Islamic assets at competitive prices. This will support the Central Bank of the UAE in managing liquidity within the banking sector and boosts the size of financial investments, which will reflect positively on the country’s economy, investment environment, per capita income, and gross national income.

The bell-ringing ceremony was attended by a number of senior officials from the Ministry of Finance, Central Bank of the UAE, Nasdaq Dubai, and the CEOs of the eight banks that were onboarded as primary dealers, in addition to other senior officials from various relevant authorities.

The inaugural issuance of the Dirham-denominated Islamic Treasury Sukuk programme witnessed a strong demand through the eight primary bank dealers, with bids received worth AED8.3 billion, and an oversubscription by 7.6 times.

The strong demand was across both tranches, with a final allocation of AED550 million for the two-year tranche, and AED550 million for the three-year tranche, with a total issuance of AED1.1 billion. Other tranches of Islamic Treasury Sukuk will be issued with various tenures of up to five years initially, followed by a 10-year sukuk at a later date.

Reaffirming UAE’s position in Islamic economy

Al Hussaini noted that issuing the T-Sukuk contributes to expanding the scope of Islamic banking and is one of the most important tools for managing monetary policy and liquidity to finance development programmes and projects.

The T-Sukuks are Sharia-compliant financial certificates for trading in the secondary market along with the main distributors, reflecting the current return on investment. These sukuk will also contribute to stimulating the securities market and strengthening the base of Islamic securities, providing safe and rewarding investment alternatives, and attracting new segments of local and international investors.

He emphasised that the success of the first auction is another testament to the UAE’s creditworthiness as one of the most advanced and competitive economies in the world, reaffirming its position as a leading investment hub in the field of the Islamic economy.

Al Hussaini said, “The issuance of Islamic Treasury Sukuk is a new step towards achieving the comprehensive and sustainable economic and social development objectives of the UAE. It contributes to the development of the financial market and the investment environment in the country by attracting financial investments and rejuvenating the local financial and banking sector to diversify funding sources, which cements the UAE’s position as a global hub for the Islamic economy.”

Efficiency of UAE’s financial sector

Khaled Mohamed Balama, Governor of the Central Bank of the UAE, said, “The T-Sukuk programme’s first issuance, denominated in UAE Dirhams, reinforces the UAE’s competitive position as a developed global financial centre.

The programme has succeeded in diversifying financial markets activities, enhancing infrastructure to support Sharia-compliant investment options and alternatives, and strengthening the resilience and stability of the financial system. This milestone will also support in bolstering financial investments and promoting greater confidence among local and international investors in the UAE’s financial system, leading to further strategic growth across the sector and fortifying the UAE’s role in the global Islamic economy.”

He added, “The remarkable success of the first auction for the issuance of T-Sukuk denominated in UAE Dirhams is a testament to the soundness of the financial and economic policies, the robust creditworthiness, and the efficiency of the UAE’s financial sector. It also supports the UAE’s stimulating investment environment globally to diversify investment and financial alternatives and continue sustainable growth underpinned by future visions and plans. We are pleased to have partnered with the Ministry of Finance in enhancing the UAE’s financial markets and improving the investment environment in the country.”

Dubai as global centre for Sukuk listings

Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, said, “The issuance of the T-Sukuk is an important development for the UAE capital markets attracting diversified investment categories to the country and providing an important investment tool for Islamic banking. The listing today further strengthens Dubai’s position as one of the largest centres for Sukuk listings globally with US$77.67 billion total value of Sukuk listed in Dubai.

This opens the path for regional and international investors to strengthen their links with the UAE government as well as to expand their investment options in the UAE. At Nasdaq Dubai, our mission supports the UAE Central Bank’s ambitious strategy to develop a strong fixed-income market in the UAE by providing investors with investment opportunities in sovereign issuances and a more effective yield curve gauge in debt instruments.”

The Ministry of Finance onboarded eight banks, namely Abu Dhabi Islamic Bank (ADIB), Dubai Islamic Bank (DIB), Abu Dhabi Commercial Bank PJSC (ADCB), Emirates NBD, First Abu Dhabi Bank (FAB), HSBC, Mashreq, and Standard Chartered as Primary Dealers to participate in the T-Sukuk primary market auction and to actively develop the secondary market.

source/content: wam.ae (headline edited)

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DUBAI, UNITED ARAB EMIRATES (U.A.E)

DUBAI, U.A.E: DEWA’s 02nd NanoSatellite Launched on SpaceX rocket in California. Created history by making DEWA the First Utility Company in the Region to launch Nanosatellites to improve its performance.

Dewa Sat-2 will help further improve Dubai’s utility network.

Dewa’s second nanosatellite was launched on Saturday morning on a SpaceX rocket from Vandenberg Air Force Base in California.

After several postponements due to bad weather, Falcon 9’s launch of the Transporter-7 mission took place shortly before 11am UAE time.

The launch is the seventh dedicated smallsat rideshare mission for SpaceX with 51 payloads on the flight, including CubeSats, MicroSats, hosted payloads, and orbital transfer vehicles carrying spacecraft to be deployed at a later time.

Dewa’s 6U nanosatellite — Dewa Sat-2 — comes a year after it launched its first satellite and will help further improve Dubai’s utility network.

The nanosatellite (or cubesat) features a high-resolution camera (4.7 metres) that will be used for Earth observation missions.

It was designed and developed at Dewa’s R&D centre, in co-operation with NanoAvionics in Lithuania, and is part of Dewa’s Space-D programme that it announced in 2021.

The programme aims to improve operations, maintenance and the planning of its networks by using nanosatellite technology, the Internet of Things and remote sensing technologies.

This involves launching a nanosat constellation that will support Dewa’s primary satellite.

Utility companies like Dewa can use satellite technology to monitor and map their infrastructure as well as track the environmental impact their operations have. The data can also help these companies improve their services.

Dewa is the first utility in the world to launch nanosatellites to improve its operations.

The high-resolution camera on Dewa Sat-2 will provide continuous line-scan imaging in seven spectral bands from approximately 500km orbit.

The satellite is also equipped with infrared equipment to measure greenhouse gases.

source/content: thenationalnews.com (headline edited)

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Dewa’s second nanosatellite was launched on a SpaceX rocket from California. Screengrab/SpaceX

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DUBAI, UNITED ARAB EMIRATES (U.A.E)

UAE holds the Highest Number of Guinness World Records followed by Saudi Arabia and Egypt across Mena

Dubai – Dubai is the also the most record-breaking city not just within the country but also across the Mena region.

The UAE is far ahead in achieving the Guinness World Records regionally as the country boasts 425 GWRs with 34 of them were achieved in 2020 alone.

Dubai is the also the most record-breaking city not just within the country but also across the Middle East and North Africa (Mena) region.

“The UAE is currently home to 425 Guinness World Records titles, making it the biggest record-breaking country in the Mena region… Dubai has the lion share of titles in the country with around 60 per cent of the overall number,” said Danny Hickson, senior events production manager at Guinness World Records Ltd in Dubai.

Global Village, a multicultural family entertainment destination, achieved two records in November alone. The first record was set by having the most LED lights ever on a car. The vehicle had 36,676 LED lights. The feat began two weeks ago as the park achieved the record for the most videos in a music medley video following the Rockin’1000 Season 25 opening concert.

Global Village aims to break 25 records this season as part of its Silver Jubilee anniversary celebrations.

Emirati shipbuilder Obaid Jumaa bin Majid Al Falasi also made it into the history by building the world’s largest dhow, a wooden Arabic boat, measuring 91.47-metre long and 20.41-metre wide. That is equal to the length and almost half the width of a standard American football field floating over the Indian Ocean.

Dubai’s Nakheel Mall, too, recently broke the record for the world’s largest fountain, measuring a whole 7,327 m2. The record breaking fountain named The Palm Fountain was designed a with tricks including colour and brightness controls.

The emirate is also home to the world’s tallest hotel – 75-storey Gevora Hotel, measuring 356.33 metres tall from the group level to the top.

Danny Hickson said Saudi Arabia comes second with 96 Guinness World Records titles, while Egypt is not far in the third place with 93 titles.

On September 23, Saudi Arabia achieved the Guinness World Record for the largest fireworks display in multiple cities as the display consisted of 962,168 fireworks.

“What’s brilliant about breaking world records with brands in the UAE is that there is almost a chance to do something different with the heritage. Brands and individuals think it is impossible to be break world records, but we believe everyone is amazing in his own way, and we are here to make their achievement Officially Amazing!,” said Hickson.

“We have seen the tallest house of cards build in 12 hours, sat on top of a washing machine, to demonstrate its reduced vibrations and noise levels; and an iconic car brand celebrated its 80th anniversary by breaking the record for the largest loop the loop in a car! Would we find amazing talents among Khaleej Times readers?,” concluded Hickson.

source/content: khaleejtimes.com (headline edited)

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SAUDI ARABIA: Winners of King Faisal Prize 2023 Honored in Riyadh

An Emirati, a Moroccan, a South Korean, two Brits and three Americans were honored with the King Faisal Prize 2023.

They served people and enriched humanity with their pioneering work so deserve to be honored and recognized for their distinguished efforts, the King Faisal Foundation said when honoring the winners of the King Faisal Prize 2023.

A glittering award ceremony was held in Riyadh on Monday under the patronage of King Salman, and on his behalf, Prince Faisal bin Bandar, governor of Riyadh Region, attended the ceremony for handing over the King Faisal Prize to the winners this year.

The annual awards are the most prestigious in the Muslim world and recognize outstanding achievement in services to Islam, Islamic studies, Arabic language and literature, medicine and science.

This year an Emirati, a Moroccan, a South Korean, two Brits and three Americans won the prestigious prize, which in its 45th session recognized COVID-19 vaccine developers, nanotechnology scientists and eminent figures in Arabic language and literature, Islamic studies, and service to Islam.

The prize for service to Islam was awarded jointly to Shaikh Nasser bin Abdullah of the UAE and Professor Choi Young Kil-Hamed from South Korea.

The prize for Islamic studies was awarded to Professor Robert Hillenbrand from the UK.

The prize for Arabic language and literature was awarded to Professor Abdelfattah Kilito of Morocco.

The prize for medicine was awarded jointly to Professor Dan Hung Barouch from the US and Professor Sarah Catherine Gilbert from the UK.

In his acceptance speech, Barouch said, “The Ad26 vaccine for COVID-19 demonstrated robust efficacy in humans, even after a single shot, and showed continued protection against virus variants that emerged. This vaccine has been rolled out across the world by the pharmaceutical company Johnson & Johnson, and over 200 million people have received this vaccine, particularly in the developing world.”

Gilbert said that she was “humbled to join the other 2023 laureates, and to follow-in the footsteps of the men and women whose work has been recognized by the foundation for more than four decades. This award is in recognition of my work to co-create a vaccine for COVID-19. A low-cost, accessible, efficacious vaccine that has now been used in more than 180 countries and is estimated to have saved more than six million lives by the start of 2022.”

The prize for science was awarded jointly to Professor Jackie Yi-Ru Ying and Professor Chad Alexander Mirkin, both from the US.

Ying’s research focuses on synthesis of advanced nano materials and systems, and their application in biomedicine, energy conversion and catalysis.

Her inventions have been used to solve challenges in different fields of medicine, chemistry and energy. Her development of stimuli-responsive polymeric nanoparticles led to a technology that can autoregulate the release of insulin, depending on the blood glucose levels in diabetic patients, without the need for external blood glucose monitoring.

“I am deeply honored to be receiving the King Faisal prize in science, especially as the first female recipient of this award,” she said in her acceptance speech.

This year two women scientists have been honored as winners of the King Faisal Prize for medicine and science categories.

The woman behind the Oxford–AstraZeneca COVID-19 vaccine, Professor Sarah Gilbert, the Saïd chair of vaccinology in the Nuffield department of Medicine at Oxford University, was honored with the medicine award.

The other woman scientist honored with the King Faisal Prize in science is Professor Jackie Yi-Ru Ying; the A-star senior fellow and director at NanoBio Lab, Agency for Science, Technology and Research. She is a professor at Massachusetts Institute of Technology, and was chosen for her work on the synthesis of advanced nanomaterials and systems, and their applications in catalysis, energy conversion and biomedicine.

The King Faisal Prize was established in 1977. The prize was granted for the first time in 1979 in three categories: Service to Islam, Islamic studies and Arabic language and literature. Two additional categories were introduced in 1981: Medicine and science. The first medicine prize was awarded in 1982, and in science two years later.

Since 1979, the King Faisal Prize in its different categories has awarded 290 laureates who have made distinguished contributions to different sciences and causes.

Each prize laureate is given $200,000 (SR750,000); a 24-carat gold medal weighing 200 grams, a certificate inscribed with the laureate’s name and a summary of their work that qualified them for the prize, and the certificate signed by chairman of the prize board, Prince Khalid Al-Faisal.

source/content: arabnews.com (headline edited)

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MOROCCO / U.A.E. / SAUDI ARABIA

DUBAI, EMIRATES:First 100% Plant-based Meat Factory in Middle East opens in Dubai

The IFFCO Group, one of the UAE’s largest producers of food products, has opened the first 100-percent plant-based meat factory in the region, in Dubai.

Located in the Dubai Industrial City, the THRYVE factory will catalyse the move towards a more sustainable and healthy food chain in the Middle East, actively supporting the United Nations’ Sustainable Development Goals and the UAE’s Vision 2051 initiative to bolster food security through diversity and innovation. The factory will provide nourishing, sustainable and healthy local plant-based meat products inspired by the unique flavours of Middle Eastern cuisine.

Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, said, “The new 100-percent plant-based meat factory supports the UAE’s Food Security Strategy and our mandate to mitigate the impact of climate change. The opening of this innovative new facility also supports our efforts to protect the country’s ecosystems and enhance its food and water security and diversify our food sources. By fostering such robust research and development focused on producing innovative food products, we seek to raise the UAE’s ability to move up the global food industry value chain and achieve first place on the Global Food Security Index by 2051. The new factory represents a significant contribution to sustainability in the food supply chain.”

Hadi Badri, CEO of the Dubai Economic Development Corporation at Dubai’s Department of Economy and Tourism said, “The opening of this factory, which will pave the way for a dynamic new industry that will boost trade across the region, is a reflection of the UAE’s commitment to pioneer the use of innovative technologies to provide sustainable solutions to real world problems. It contributes to Dubai’s economic diversification journey in line with the goal of the Dubai Economic Agenda D33 to consolidate the emirate’s status as one of the top three global cities. The new facility is a testament to the pivotal role being played by Dubai in promoting the growth and evolution of environmentally sound practices that can alleviate the effects of climate change. By providing opportunities for private companies to invest in sustainable technologies, Dubai is accelerating the creation of a robust and resilient green economy.

“Such initiatives also reflect Dubai’s success in creating a fertile environment for new businesses and investors to thrive, and generating new job opportunities. Dubai and the UAE will continue to work with stakeholders and partners to remain at the forefront of innovation and economic sustainability, inspired by the ambition of our visionary leadership to create a better future for all.”

Saud Abu Alshawareb, Executive Vice President, Industrial Leasing, Dubai Industrial City, said, “DIC is an ideal location for initiatives like the IFFCO Group’s plant-based meat factory that underscore the importance of food security. The Dubai Industrial City is home to a growing number of Dubai-based food manufacturers who are leading the way in introducing innovative food products. This new enterprise adds value to the industry while strengthening our reputation as facilitators of a self-reliant food programme.”

The THRYVE plant-based venture, developed using cutting-edge food technology, contributes to at least three UN’s SDG’s: good health and well-being, responsible consumption and production, and climate action.

The only 100 percent plant-based meat factory in the Middle East, IFFCO’s THRYVE will leverage advanced food technologies to produce tasty, healthy, sustainable and culturally relevant food that meets the needs of the local consumer. In addition, IFFCO is working closely with the government to create regulatory standards for plant-based food products.

The global plant-based meat market was estimated to be worth US$7.9 billion in 2022, and is forecast to reach US$15.7 billion by 2027, according to a report from ResearchAndMarkets.com. The newly opened THRYVE factory will cater to 30 percent of the GCC population, stimulating the development of the market for local plant-based products. As per proprietary research, the GCC has the potential to be a future leader in developing food products for flexitarians, people whose diet is primarily vegetarian.

source/content: wam.ae/en (headline edited)

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DUBAI, UNITED ARAB EMIRATES (U.A.E)

WORLD ARAB RECORD: U.A.E : Longest Arab Space Mission in History Launched

Florida, March 02nd, 2023

The longest Arab space mission in history was launched today at 9:34 am (UAE time).

The 6-month mission is carried out by astronaut Sultan AlNeyadi aboard the International Space Station as part of Crew-6.

source/content: wam.ae (headline edited)

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UNITED ARAB EMIRATES (EMIRATES) ” Youssef Mirza, Asian and Arab Cycling Champion: The Paris Olympics are a top priority

Youssef Mirza, the national cycling team player, expressed his happiness at achieving two gold medals in the “team time trial” race after an absence of years, as well as the “individual time trial” race within the Arab Cycling Championship competitions held in Sharjah with the participation of 17 Arab countries.

Mirza, who previously won the Asian gold medal, won the gold medal during the race in which 16 players participated, including Saif Mayouf, the national team player, as well as the gold medal in the “team against the clock” with the elite riders of the UAE team.

Mirza said – in statements to the Emirates News Agency, WAM – that the competition for the individual and team time trial title was not easy, with the presence of elite riders from the participating Arab teams, indicating that the great support and backing of colleagues was one of the reasons that led to this achievement. Achievement, especially the medal of the teams that have been absent from the national team for years.

He added: The gold medal in the individual race against the clock, as well as the teams, gave me a great incentive to complete the journey in the Arab Championship for mountain competitions, which is the most difficult and powerful, as it requires more training, effort and high morale in order to reach the desired goal.

On preparing for the 2024 Paris Olympics, Mirza said: “The preparations will begin with the beginning of the new year, through a special program in several countries, with the support of the National Olympic Committee, in order to realize the dream of qualifying for the Olympics, where the preparation will be with the participation of a group of my teammates, especially since Qualification for the Paris Olympics remains a top priority, indicating that there is a specific calendar that will be adhered to in order to continue collecting points, to ensure qualification and participation in the Paris Olympics.

Youssef Mirza thanked his teammates for their great support during the race, as well as the UAE Cycling Federation, which provides him and his colleagues with all means of support and care.

Mustafa Badr Al-Din / Ahmed Mustafa

source/content: wam.ae (headline edited)

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UNITED ARAB EMIRATES: Safiya Al Sayegh: First Female Emirati Athlete to ride in the Road Cycling World Championship 2022, Wollongong, Australia

‘I feel like I hold a lot of hope’ says first Emirati rider in Women’s WorldTour.

As the first Emirati rider in the Women’s WorldTour and the sole national representative on UAE Team ADQ,  Safiya Al Sayegh is feeling both the pressures and the privileges of her position going into 2022.

20-year-old Al Sayegh is the UAE national road race and time trial champion, and was approached by the team last November after UAE Team Emirates took over Alé BTC Ljubljana’s WorldTeam licence. 

This is Al Sayegh’s first professional contract and a significant adjustment from racing for the Dubai Police Cycling Team, but her first experience with the UAE Team ADQhas been positive.

“When I was going to Spain [for training camp] and before I left, it was quite overwhelming to think of how it was going to be and how it’s going to go,” she wondered. 

“Will I adjust with the team and how will I get on? But I’m very happy to say that everything went really well. I really enjoyed it, it was a really good start.”

Al Sayegh is the first female rider from the UAE to join a WorldTeam and only the second of any gender, after UAE Team Emirates’ Yousif Mirza, and she acknowledged the pressures that come with being in that position.

“It’s a big honour, and it’s actually a big responsibility on my shoulders,” she said. “I feel like I hold a lot of hope, especially from my country, because lots of people have helped me. And it really makes me want to push harder and strive even higher, with all the support and hope I have from the country – and from the Arab world, actually. It really pushes me to want more, to achieve more and to progress.

The men’s UAE Team Emirates squad, Al Sayegh said, has helped raise the profile of the sport in the UAE among both men and women, and she is looking forward to ‘representing all the local girls’. 

Though an experienced racer in the UAE and Asia, Al Sayegh has only raced in Europe once before, the Rás na mBan stage race in Ireland in 2017, and she is conscious of the challenges ahead of her this year.

“Keeping up with the level is one concern I have,” she said. 

“But hopefully with hard work, I will try to progress to the level of Europe. And one of my concerns is that pretty much every day in the peloton, crashes are happening. So I just hope to stay safe while racing.”

In the UAE much of Al Sayegh’s riding is done on wide highways or flat, protected bike paths, meaning even the change in terrain is a source of apprehension.

“In Europe, I know some races can be on quite dangerous roads or have quite steep downhills and stuff. So I do look forward to racing but I am quite worried about all the crashes and the dangers.”

Al Sayegh will continue to compete primarily in the UAE for the opening months of the season as she completes her university studies in Dubai, and will join the team in Europe from May.

“I really look forward to all the races my team is going to race, and I’ll be cheering here from the UAE.”

source/content: cyclingnews.com (headline edited) / matilda price

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Safiya Al Sayegh is rolling into European pro cycling, this season. (Photo: UAE Team ADQ)

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DUBAI, UNITED ARAB EMIRATES (U.A.E) : Sham Al Bakour, Syrian School Girl, 7, who survived horrors of civil war Crowned Champion of the ‘Arab Reading Challenge 2022’ at Dubai Opera House

Syrian girl, 7, who survived horrors of civil war crowned Arab Reading Challenge champion.

Sham Al Bakour named sixth winner of prestigious title at Dubai Opera House awards ceremony.

A Syrian schoolgirl who survived a deadly missile attack during the civil war in her country has been crowned Arab Reading Challenge champion in Dubai.

Sham Al Bakour, 7, was only six months old when her family’s car was struck during violence in Aleppo in December, 2015.

Her father was killed while she and her mother survived the horrific attack.

She has now completed a remarkable journey from tragedy to triumph to win words of praise from Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.

In footage released by Dubai Media office, Sheikh Mohammed is seen speaking to Sham as she clutches her winner’s trophy at a ceremony at Dubai Opera House on Thursday.

Her success was met with warm applause by a large audience at the Downtown Dubai culture spot.

“She sustained injuries in the head and at the hospital doctors stitched them,” said Sham’s mother, Manal Matar, 33.

“I have been her support along with my family and her father’s family.

“I noticed she had a passion for memorising texts and Quran verses since she was less than three years old so I supported her.”

A young symbol of hope

She said that Sham has been an inspiration for the children in her family and school.

“Her cousins wait to see what she reads to learn from her.

“Her school mates will certainly be inspired. This challenge will help raise a generation that can rebuild Syria.

“Love of reading must start at a very young age.”

The young literature lover read 70 books to win a competition that attracted 22 million entrants from 44 countries.

When asked about what she would do with the Dh1 million prize money, she said she would give it to her mother.

“We haven’t thought of what to do with the money yet. The focus is on Sham, she is my investment for a better future,” Ms Mattar said.

Sham secured top spot ahead of Adam Al Qasimi from Tunisia in second, and Rashid Al Khateeb from Jordan, in third.

Reading is ‘food for soul and mind’

The young winner said reading offers an opportunity to transport yourself to new places with every turn of a page.

“I’m very happy to win and would like to invite all my friends and all young people to read. Reading is food for soul and mind,” Sham said.

“Reading takes you places, every story introduces you to different people and takes you to a new place.”

The youngster impressed judges with the confidence and clarity with which she expressed her ideas and opinions.

“It was a unanimous decision on Sham, who showed confidence,” said Lailah Al Obaidi, professor in Arabic language and literature at the University of Sharjah, and one of three judges.

“Sham will pave the way for the generation of the future because at this young age, she will be a motivation for more young readers in the Arab world.”

The annual winner is selected based on the pupil’s ability to articulate general knowledge, their critical thinking and communication skills, plus the diversity of books they have selected.

The Arab Reading Challenge was launched by Sheikh Mohammed in 2015 to encourage a million young people to read at least 50 books in a year.

Helping to shape young minds

Noor Aljbour, from Jordan, won Dh300,000, along with the title of Outstanding Supervisor, in recognition of her work guiding and motivating pupils through the challenges of the Covid-19 pandemic.

“The obstacles and the amount of work to prepare for this edition of the reading challenge were huge because its the first to happen after Covid-19,” Ms Aljbour said.

“Pupils returned to schools lacking the passion for reading, this meant that we needed to encourage pupils not only to read but to also pick up on their studies.”

Morocco’s Mukhtar Jasoulet school won the Dh1 million Best School award.

In the category for Arab pupils living in foreign countries, Nada Al Satri from Belgium was named the champion.

source/content: thenationalnews.com (headline edited)

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Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, with the six finalists at the Arabic Reading competition at Dubai Opera. Left to right, Mohammed Jamil (Bahrain), Rashid Al Khateeb (Jordan), Sham Bakour (Syria), Adam al Qasimi (Tunisia), Ghala Al Enzi (Kuwait) and Areej Al Qarni (Saudi Arabia). All photos: Ruel Pableo for The National

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DUBAI, UNITED ARAB EMIRATES (U.A.E) / SYRIA