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Dubai has solidified its position as the premier global destination for greenfield foreign direct investment in the cultural and creative industries , securing the top spot in the Financial Times’ fDi Markets ranking for the third consecutive year.

In 2024, the emirate attracted 971 CCI projects, marking an 8% increase from the previous year. These ventures brought in AED 18.86 billion in capital inflows, a surge of nearly 60% compared to 2023, and generated 23,517 new jobs, reflecting a 9% year-on-year rise.

The report evaluated 233 cities under the ‘Creative Industries Cluster’ classification, with Dubai outperforming major global hubs such as London and Singapore.

Key growth areas within Dubai’s CCI sector included advertising and public relations, film and media production, gaming, education, and advanced software design. According to the Dubai FDI Monitor, greenfield, wholly-owned ventures constituted 76.5% of all projects, while new forms of investment accounted for 15.4%, reinvestment 5.6%, and mergers and acquisitions 2.4%.

Flexible government policies have played a significant role in boosting FDI flows into the CCI sector, enhancing Dubai’s appeal to investors, entrepreneurs, and innovators.

Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority, stated, “Through strategic planning and pioneering initiatives, Dubai has cultivated an environment that empowers creatives, investors, and entrepreneurs to realise their ideas and turn them into impactful, sustainable projects that enrich the emirate’s cultural fabric.”

The United States led in terms of FDI capital inflows into Dubai’s CCI sector in 2024, contributing 23.2%, followed by India , the United Kingdom , Switzerland , and Saudi Arabia . In terms of the number of FDI projects, India topped the list with 18.8%, followed by the United Kingdom , the United States , Germany , and Italy .

Dubai continues to dominate the global greenfield foreign direct investment rankings, further solidifying its position as a key investment hub. According to the latest data from the Financial Times’ fDi Markets, the emirate secured its spot as the leading destination for greenfield FDI projects in 2024. This achievement highlights the city’s resilience and attractiveness as an investment destination, despite global economic challenges. Greenfield FDI refers to investments […]

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New York Times (NYT) article highlighting the 'crisis in cosmology'.

New York Times (NYT) article highlighting the ‘crisis in cosmology’

American taxpayers would hate to find NASA’s $ 10 billion James Webb telescope triumphed over by Europe’s $ 1 billion Eulcid telescope.

Three things cannot be long hidden: the sun, the moon, and the truth.”

— Gautama Buddha

INDORE, MADHYA PRADESH, INDIA, September 4, 2023/EINPresswire.com/ — Today, an article appeared in New York Times (NYT), which highlighted the ‘crisis in cosmology’ unraveled by the James Webb Space telescope (JWST). One of JWST’s first major findings is very uncomfortable for astronomers: it discovered the existence of fully formed galaxies far earlier than should have been possible according to presently accepted, standard model of cosmology. Reacting to the NYT article, Mr. Subhajit Waugh, a scientist (physicist) working in RRCAT (Raja Ramanna Centre for Advanced Technology), said that the authors of the article have not realized that it could have been a much more newsworthy article (even though it was newsworthy enough to appear in NYT). Mr. Waugh asserted that the article is just the tip of the invisible iceberg. Not only cosmology is in crisis; physics faces severe crisis too (the two pillars of physics are bitterly conflicting), and the NYT article authors have failed to see the link. Consequently, the article simply presents a BIG problem, but offers no satisfactory solution.

James Webb telescope can absolutely revolutionize science (especially physics and cosmology) and usher the greatest ever paradigm shift in science. Mr. Subhajit asserted that two next generation telescopes (the European Euclid and Japanese XRISM X-Ray telescopes) are just about to do that. James Webb might still triumph over both telescopes; but time is running out fast.

Mr. Waugh warned that if American scientific communities do not seize the opportunity to turn science upside down by following JWST’s startling revelations, then Europe will win the race, and Europe will be the leader of another scientific revolution. Or else, Japan, the ‘land of the rising sun’, will soon become the ‘rising sun’ in Science.

The NYT article wrote: “Physicists and astronomers are starting to get the sense that something may be really wrong. It’s not just that some of us believe we might have to rethink the standard model of cosmology; we might also have to change the way we think about some of the most basic features of our universe – a conceptual revolution that would have implications far beyond the world of science.” Mr. Waugh wholeheartedly agrees with the above paragraph. He agrees enthusiastically with another paragraph as well “We may be at a point where we need a radical departure from the standard model, one that may even require us to change how we think of the elemental components of the universe, possibly even the nature of space and time.” Mr. Waugh could not hide his joy and excitement when another paragraph was mentioned “But a (scientific) revolution may end up being the best path to progress. That has certainly been the case in the past with scientific breakthroughs like Copernicus’s heliocentrism, Darwin’s theory of evolution and Einstein’s relativity. All three of those theories also ended up having enormous cultural influence – threatening our sense of our special place in the cosmos, challenging our intuition that we were fundamentally different than other animals, upending our faith in common sense ideas about the flow of time.”
But when asked to elaborate, he simply smiled and said “You cannot run the ‘Tokaido Shinkansen’ bullet train on tracks built for steam locomotives. Similarly, you cannot run modern science on a century-old concept of SpaceTime.” He added “SpaceTime is the arena in which everything happens. It is the very fabric of reality. If you get that concept wrong, you are hopelessly lost and directionless.”

Mr. Waugh summarized: Physics is derailed (Ref. 1) and cosmology is in crisis (Ref. 2). Our concept of SpaceTime is faulty (Ref. 3, 4) and our mathematics is shaky (Ref. 5, 6). We are wrong about shape and size of the universe (Ref. 7). A tsunami sized ‘scientific revolution’ is coming (Ref. 8, 9, 10).

REFERENCE

Ref. 1 (A): Physicist congratulates ‘International Physics Olympiad’ awardees, and urges them to rescue Physics from present crisis
https://www.abc27.com/business/press-releases/ein-presswire/645953145/physicist-congratulates-international-physics-olympiad-awardees-and-urges-them-to-rescue-physics-from-present-crisis/
Ref. 1 (B): World’s largest physics conference in Las Vegas will be grand; but will it be worthwhile?
https://www.kron4.com/business/press-releases/ein-presswire/619040511/worlds-largest-physics-conference-in-las-vegas-will-be-grand-but-will-it-be-worthwhile/

Ref. 2 (A): Six major cracks have appeared in the standard model of cosmology. Is it wrong?
https://bigthink.com/13-8/6-cracks-standard-model-cosmology-wrong/
Ref. 2 (B): Shape and size of our universe: challenging the Standard Model of Cosmology
https://www.researchgate.net/publication/371487379_Shape_and_size_of_our_universe_challenging_the_Standard_Model_of_Cosmology

Ref. 3: The biggest mistake in Science: Space and Time do not fuse into SpaceTime continuum.
https://www.einnews.com/pr_news/645681233/the-biggest-mistake-in-science-space-and-time-do-not-fuse-into-spacetime-continuum

Ref. 4: Time itself is not the fourth dimension, but emerges due to motion along fourth space dimension
https://www.einnews.com/pr_news/624584265/time-itself-is-not-the-fourth-dimension-but-emerges-due-to-motion-along-fourth-space-dimension

Ref. 5: Science is standing on shaky mathematical pillars, which guarantees a scientific revolution
https://www.einpresswire.com/article/617977207/science-is-standing-on-shaky-mathematical-pillars-which-guarantees-a-scientific-revolution

Ref. 6: RRCAT Physicist Claims Correct Representation of Imaginary Numbers May Unify General Relativity and Quantum Mechanics
https://finance.yahoo.com/news/rrcat-physicist-claims-correct-representation-202518538.html

Ref. 7: We are wrong about the shape and size of our universe: RRCAT Physicist provides a new model of universe.
https://www.einpresswire.com/article/645279059/we-are-wrong-about-the-shape-and-size-of-our-universe-rrcat-physicist-provides-a-new-model-of-universe

Ref. 8: Euclid telescope will revolutionize science, overthrow ruling scientific theories, and usher paradigm shift in science.
https://www.headlinesoftoday.com/topic/press-releases/euclid-telescope-will-revolutionize-science-overthrow-ruling-scientific-theories-and-usher-paradigm-shift-in-science.html

Ref. 9: Europe’s Euclid telescope can beat NASA’s James Webb telescope, making Europe the leader of another scientific revolution.
https://www.msn.com/en-us/news/technology/europe-s-euclid-telescope-can-beat-nasa-s-james-webb-telescope-making-europe-the-leader-of-another-scientific-revolution/ar-AA1fIRFl

Ref. 10: Scientist predicts Japan, the ‘land of the rising sun’, will soon become the ‘rising sun’ in X-ray astronomy
https://www.einnews.com/pr_news/652994910/scientist-predicts-japan-the-land-of-the-rising-sun-will-soon-become-the-rising-sun-in-x-ray-astronomy

subhajit waugh
RRCAT (Raja Ramanna Center for Advanced Technology)
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