Dubai ruler opens temporary ‘Museum of the Future’ as part of World Government Summit

The museum offers visitors an interactive experience about the future of artificial intelligence. (Photo courtesy: Dubai Media Office)
Updated 11 February 2018

Dubai ruler opens temporary ‘Museum of the Future’ as part of World Government Summit

DUBAI: Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al-Maktoum Friday opened a temporary “Museum of the Future” as part of the 2018 World Government Summit that is set to run between Feb. 11-13 in Dubai.
The museum offers visitors an interactive experience about the future of artificial intelligence (AI) and presents exhibitions on how it could impact different aspects of life in years to come.
The Dubai ruler was accompanied by Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum on the tour.
Sheikh Mohammed shared his vision for the future of the UAE, saying: “The Museum of the Future is a unique incubator for futuristic innovations and design… We are determined to make the UAE a major contributor to future development.
“The UAE government sets an example to the governments of the world in adopting technological advancements as a driver for development. AI is key when we speak about tackling future challenges,” he added.
The soon-to-be-opened permanent version of the museum will open its doors in 2019 and is currently still in the construction phase. It is set to be an incubator for futuristic innovations and design.


Saudi Arabia starts selling triple-tranche dollar bonds

Updated 21 January 2020

Saudi Arabia starts selling triple-tranche dollar bonds

  • The kingdom is offering initial price guidance of around 110 basis points (bps) over US Treasuries for the seven-year paper

DUBAI: The government of Saudi Arabia started marketing on Tuesday US dollar denominated bonds split into tranches of seven, 12 and 35 years, a document showed.

The kingdom is offering initial price guidance of around 110 basis points (bps) over US Treasuries for the seven-year paper, 135 bps over the benchmark for the 12-year tranche, and 180 bps over for the 35-year.

Citigroup, Morgan Stanley and Standard Chartered are joint global coordinators and lead managers, and BNP Paribas, HSBC, JPMorgan and NCB Capital have been hired as passive lead managers.