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09 Apr 2021

The future of the UAE industrial economy

The upcoming phase of the industrial economy will be an attractive opportunity for local and international investments. It will ensure to strengthen the UAE’s strategic industrial security, innovation, advanced technology and the applications of the Fourth Industrial Revolution.

The UAE has an efficient system when it comes to the field of investments, especially industrial investments. The UAE’s business environment characteristics such as high standards, transparency, rule of law, and the ability of the UAE economy to prosper with stability are a couple of factors that attract success towards the industrial sector. It has to be noted that the UAE boasts the presence of more than 21 integrated free industrial zones in the UAE.

The determination and attitude of the UAE supports drastically in its Sustainable Development Agenda by launching plans for industry development with the aim of strengthening the role of the latter in the national economy. This is enabled by creating a strategy for the future that is aimed at establishing a highly competitive global economic base. These steps were announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. The project was titled “Operation 300 bn” – A 300 billion project to stimulate the industrial sector to be a major channel for the development of the national economy.

The launch of this strategy at this particular time reveals the economic strengths of the UAE, despite the exceptional circumstances the world is going through today. The state has taken this global ordeal as an opportunity to try out the most powerful alternatives, perhaps a great opportunity to realize the importance of shifting from an oil-resource-based economy to new resources based on the industrial economy.

The key components that ensure the UAE’s success in its industrial economy in real time and in the future are the availability of advanced infrastructure, a strong legislative environment, the highest security and safety rates in the world, a strategic geographical location of the state, transport networks and logistics services in accordance with international standards that enhance the ease of export of its industrial products, free zones and various ports and the largest in the world, manufacturing catalysts of high-efficiency raw materials, the availability of skilled labour, low tax rates, as well as the strength of the financial sector in terms of liquidity availability and facilitating financing.

For many years in the industrial economy, the UAE has demonstrated its ability and high efficiency in increasing production and increasing exports, which are the most important indicators and measures of industrial power among countries, thus achieving a prominent position among the major industrialized countries, such as China, Japan, Germany and the United States. With the arrival of its industrial products in different countries of the world, exports of manufactured products within the UAE, which reached more than 170 markets around the world, reached approximately AED 62 billion in the first half of 2020, according to trusted sources and official global reports.

Hence, it can be stated that the UAE has reserved itself a prominent position among the major industrialized countries, through its interest in industrial infrastructure, the establishment of industrial zones, and overcoming the obstacles to the progress of the industrial sector of facilities and legislation, and the result was the UAE’s success in attracting many global investments, becoming the preferred destination for investors in the Middle East and North Africa.

Author : Manahel Thabet
Published April 09, 2021
Al Bayan Newspaper

17 Feb 2021
Psychometric Test in Dubai

A Psychometric Test in Dubai

During the early part of the 21st century, the preference for using psychometric tests during many organizational functions was on the increase, as substantiated by Alison Wolf and Andrew Jenkins in their article The Growth of Psychometric Testing for Selection: Why has test use increased, will growth continue and what does this mean for Education? (2002). As such, this aligned with the development of Dubai, and, as the city expanded, immense investment was rightly deemed important for making Dubai a modern, efficient city, with a robust infrastructure.

By early April 2016, Bek Frith was also writing in HR Magazine about the increase in confidence allied with utilizing psychometric assessments, though the total number of tests undertaken diminished a little from 2012 to 2016. At this time, the degree of confidence also varied according to nationality, the nationals who placed the most confidence in psychometric tests were those from the Czech Republic – 97% of Czechs said that the tests resulted in fairer, more reliable results. Germans, however, were more skeptical, with only 30% stating trust in the results.

Of course, the chance of finding a psychometric test in Dubai also follows the trend, and the use of a psychometric test in Dubai is on the increase. Many people have been taken on by organizations across all sectors of the marketplace in Dubai based on psychometric test results, and the notion of using a psychometric test in Dubai appears to fit in well with the zeitgeist – the ‘spirit of the times.”

This will be more and more prevalent as the economic recovery continues during the 2020s, a decade which has already proven difficult for a variety of reasons. When a psychometric test in Dubai can be more than just a box ticking exercise, as noted by Nada Osama in Business magazine, 17th May 2018, it bodes well for improving talent identification and areas for personnel development.

The fundamental aspect of any list, of course, is that it is useful. This is especially true of a list associated with performing a psychometric test in Dubai – or, indeed, anywhere. As Nada Osama also notes, the implementation of psychometric tests involves well defined goals. In short, what does an organization in Dubai require from psychometric testing? Do you want to identify new leadership potential? Do you plan to improve the overall level of competence within the company, in-line with the fast pace of change that is going on in Dubai?

All the above involves the evaluation and implementation of each psychometric test in Dubai by professionals who are competent at interpreting each of the many tests that are available. As such, it is important to have qualified personnel who have taken the requisite courses in, for example, The Thomas Solutions, the Hogan assessments, the Saville WAVE questionnaires, the NEO Pi-3 and the EQ-i-2.0 assessments, to name just a few.

To explain a little the names and numbers that have just been quoted, the Thomas Solutions (as that organization expresses its psychometric tests) cover a wide range of areas, for example, the General Intelligence Assessment (GIA) gives results about cognitive abilities, the Personal Profile Assessment (PPA), analyses personality, the TEIQue, is oriented towards Emotional Intelligence – its full name being the Trait Emotional Intelligence Questionnaire. There is also the High Potential Trait Indicator (HPTI), a relatively recent assessment development which identifies potential within the individual, especially high potential for leadership. Such a psychometric test in Dubai is useful because Dubai has ambitions to expand its horizons, horizons recently and, literally, expanded via the UAE’s Hope Probe, which is now circumnavigating the planet Mars.

The Hogan assessments give insights into the ‘bright side’ of personality, when the participant is calm and relaxed. Hogan assessments also give a view about the ‘dark side’, which is more about identifying talents and strengths, but often ones which can ‘derail’ the participant from achieving fully because the strengths need to be managed carefully and astutely. This kind of self-knowledge is extremely useful for people to know about and reflect upon. The Hogan assessments also analyse values that individuals and groups have, which can make for useful reflection, then open opportunities for development.

The Saville WAVE questionnaires are highly detailed assessments which analyse personality and give data on the process of the assessment too. It is also popular as a 360-degree assessment, meaning that a group of colleagues can give feedback about the assessment taker and a broader view can be obtained via that process.

Another psychometric test in Dubai that is proving popular is called the NEO Pi-3, a test based closely on the Big Five Personality Traits, which are the most prominent traits identified in the world of psychology for describing personality. Backed by decades of research and refined theories of personality, the NEO Pi-3 is the latest in a line of assessments of personality which are worth investigating fully.

Another assessment that has a substantial basis in research is the EQ-i-2.0, which is the latest version of an assessment of Emotional Intelligence. How people react emotionally in various work scenarios and how well emotional responses are managed, both by the individual and those around them, can make for significant improvements at work, especially when considering teamwork and team building.

Furthermore, there are world-class organizations that evaluate, and only propose, the use of psychometric tests that have met rigorous standards for reliability and validity. As a recap, reliability means that the psychometric test consistently records results about what it is set to evaluate, within narrow parameters of accuracy. Validity, however, means that the psychometric test renders precise results about what it is intended to test, and that these results are backed scientifically. Examples of the organizations that provide the benchmarks for standards in testing are the British Psychological Society and the American Psychological Association. Hence, it is vital that reviewing any psychometric test in Dubai involves acknowledging the approval and standards imposed by professional societies. Professional assistance and advice will also help while making a list of prerequisites for the testing regime that finds optimal solutions and results.

These professional psychological organizations also have rigorous standards for the attainment of qualifications for assessing people, standards for psychometric tests in Dubai also reflecting the city’s desire for high quality attainment, with the appropriate certification within its organizations and social entities. Personnel who have the British Psychological Society Assessor qualification at Levels A and B have displayed and been tested to a high standard to achieve that qualification. It is important for prospective clients who want expert advice and guidance during the administration of assessments to recognize what that qualification brings with it.

Another aspect to running a psychometric test in Dubai is the reassurance of appropriate benchmarking of the results. This means that the results and associated data are comparing like-with-like, so the populace of Dubai is compared amongst itself. Basically, to find the best within Dubai, it is significant if you are appropriately comparing people within Dubai, not utilizing data that comes from a distant city where circumstances and required capacities, for example, are vastly different. Such benchmarking comes from many years of compiling data and analyzing it expertly to see trends and areas that are developing or require further development. The data can also be interpreted well so that future trends can be predicted wisely.

Importantly, this last point aligns the taking of a psychometric test in Dubai with the forward-thinking, adaptive, and innovative mindset that Dubai is forever developing. In a speech about innovation back in 2015, Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, and Leader of Dubai, said that organizations need to ‘innovate or stagnate’. The rate of technological change, as indicated, for example, by Moore’s Law – which prognosticates that the density of semiconductor integrated circuits which can be economically constructed doubles every two years – is also making a truly predictive psychometric test in Dubai have immense value to any organization. With a hint of irony too, it is predicted that Moore’s Law will cease by 2022, any exponential growth inevitably diminishing.

As a summary, then, conducting a psychometric test in Dubai is an important aspect to organizational life that is destined to feature more and more as the century and the city move forward, the working life of most people changing rapidly, yet, with vigilance, and the appropriation of skills and abilities, plus the development of human potential, each psychometric test in Dubai can contribute to a brighter future.

15 Feb 2021

SMART and Psychometric Assessments

SMART is an acronym that is often used to gauge, and guide, aspects to business, especially project management. SMART is, in effect, a series of goals placed within a neat arrangement of letters for simplicity of remembering. So, SMART is a mnemonic.

The word ‘Mnemonic’ may be a new word for you. Like in many words of Greek origin, the first letter (‘m’) is silent. Psychometric is another word of Greek origin, so the ‘p’ is also written, but without the familiar plosive (‘p’) sound. So, having got the more awkward pronunciation and writing issues out of the way, let us concentrate on SMART and psychometric assessments.

SMART is short for Specific, Measurable, Attainable, Relevant, Time-based.

Why SMART and Psychometric Assessments?

As noted above, the ‘S’ in SMART is about being specific. Psychometrics and SMART is therefore about being ever more precise about specific aspects measured about human abilities, traits, capabilities and potential. Modern psychometric assessments cover personality, emotional intelligence, cognitive abilities (including IQ) and the potential that people display or have within them. Potential can be revealed in the areas of leadership, team working and team building. More about that later.

SMART being allied to psychometric assessments also tunes-in well because of the subdivision of results, what are often called psychometric factors, or scales. These give specific details about the person who has taken the assessment. Often the factors, or scales, have other, even more specific subcategories. An example of this is in the Hogan Leadership Forecast Report, part of the Hogan Personality Inventory, which includes results on the Learning Approach of the participant.  Learning Approach is one of seven scales. In total, these seven scales are: adjustment, ambition, sociability, interpersonal sensitivity, prudence, inquisitive[ness], and Learning Approach. Learning approach becomes more specific via results for Education, Math[s] Ability, Good Memory and Reading – the subscales.

The ‘M’ in SMART is for measurable. SMART, in psychometrics, is about measurement at a fundamental level, the measurement of the psyche being part of the origin of the word ‘psychometrics’. Producing more objective data about people, especially for recruitment purposes, is a major step forward, rather than just relying on older, more traditional (and less precise) methods, such as interviewing and reviewing CVs.

Interviewing gains a result within a few seconds, according to research, the remainder of the interview consisting of the interviewer seeking conformation in their mind about the initial impression, hence, about their decision. It is prone to a considerable set of biases as a result, ones which are difficult to verify. The interviewee is, likewise, presenting an image and the person who is present at the interview cannot be evaluated easily for how they will perform whist doing the set job.

Looking at CVs is a time-consuming task, especially if the job is attractive and sought after by many people. CVs are like window shopping, the true substance of the person not coming through until much later, when, indeed, it may be too late to make well-informed, more rational decisions.

This leads to Attainable, which is the ‘A’ in SMART, and psychometric assessments assist in people reaching their recognized, attainable targets, and for expanding the horizon of what is attainable for them. Many people are surprised by what emerges from their psychometric analyses, so aligning SMART and psychometric assessment can be an exciting thing to do. It raises the bar to what is considered ‘attainable’, and, like a sport, can be both enjoyable and add a competitive edge (which can also be measured) so they make people adapt to improve their opportunities in life.

Humans love adapting to increase what is attainable, even if what evolves seems strange, even eccentric. To continue the sports analogy, one thinks of the Fosbury Flop, a seemingly bizarre way of trying to jump over a high bar. Dick Fosbury was regarded as an eccentric when he entered the Olympics in 1968, yet he emerged victorious, clutching a well-earned gold medal, and an almost mythical status as the sport took on his new technique. It is now the dominant method of high jumping and it shows, in physical terms, what some thought and invention can achieve.

The Knowledge Society alongside SMART and Psychometric Assessments

Society is changing rapidly and what you know is becoming ever more important, alongside what you can do. Knowledge is taking over as a resource, and the abilities that accompany knowledge can also grow throughout someone’s life. Though this has always been so, the kudos (and, indeed, the necessity of knowing, plus adapting) is getting more and more prevalent in society, especially in the work environment. Simpler tasks are being taken on by increasingly complex machines and robots, with AI and the Internet of Things, etc., gradually taking over in many spheres of work, and, moreover, in everyday domestic life.

SMART and psychometric assessments are therefore relevant to the world today and will become more and more so in the future. Hence, the ‘R’ in SMART is what is being discussed here because psychometric analyses are relevant to the world and we must apply the SMART approach. Relevant also applies to the people who are adapting to understand and hire the relevant people in the new, vastly different working world compared with just a few years ago.

SMART Psychometric Assessments, Communication and Understanding Across Generations

Another aspect to being relevant is understanding what ‘relevant’ means for different generations of people. Maintaining family unity and harmony has always been an issue, some families attaining it, some not. With the rapidly changing world as it is, the prospects for the future without the relevant understanding of generational differences and the requisite adaptations, could lead to bleak outcomes. The SMART psychometric assessment approach could hold some of the keys to keeping society sufficiently aligned and doing the relevant things for progress to be made.

Time-Specific Aspects to being SMART with Psychometric Assessments

The final ‘T’ of SMART is about being Time-specific. The psychometric assessment of cognitive abilities is usually time-specific, meaning that assessments have a specific time allotted to them, or the results are, in some ways, related to how much time is taken to complete them. In this sense, psychometric assessments parallel many aspects to the working world, where tasks are given out and a time frame attached to get the tasks completed.

SMART and Psychometric Assessments to Assist in Team Building

When many psychometric test results are brought together, covering the broad categories mentioned at the beginning of this article, that is, individual results for personality, emotional intelligence, cognitive abilities, and potential, they can formulate what is often termed a 360-degree assessment. The range of abilities will show variances in levels for most people across all the assessments, so there are further opportunities for applying the SMART approach. SMART and psychometric assessments also go hand in hand to produce a range of results for a team. Ideally, the team will be organized with results which make for an optimal approach to project management (for example). Each member of the team will, ideally, come as part of a complement – a complete set of abilities across the range of results produced by the assessments.

Additionally, SMART and the psychometric assessment approach identifies specifics, via measurement, to attain the goals of the team, allied with the relevant areas for improvement. The associated development programs can be time-specific to gauge the progress made, the ideal time-period for reassessment being around nine months. So, not only the team’s performance in job-related tasks can be monitored, but the abilities and overall development of the team’s individual and collective abilities can also be tracked.

As such, SMART and psychometric assessments assist in setting and adapting key performance indicators for individuals and for teams. This should be viewed positively and produce improved results over time. In the hugely competitive marketplace, and with government sectors facing both greater and more varied demands on them, any information gathered can make a vital difference which assists important elements of working life, such as adaptability and sustainability. The results are also in the form of data, so setting targets and reviewing results can have substance and meaning. With professional interpretation of what is produced, the way forward for an organization, including the way for the staff that make up its processes and behavior, can be decided upon. In that way, it is truly a smart approach.

25 Dec 2020
Manahel Thabet

The Great Reset

We do not usually reset ourselves, except when the things that hold us up fail us and turn their backs on us. So, resetting here is an alternative solution to our collapse, or when we fail to find better alternatives than what is in our hands.

The Great Reset means keeping up with changes and adapting to new data, reformulating the world for its tools, updating, and rehabilitating the skills of individuals, in line with a new form of the entire business system.

It may be stated that we were supposed to adapt technology to customs and traditions. But what is happening now, due to the compulsion imposed by the Corona pandemic, and with slow transformations that were also led by the transformations of the age of knowledge, is that we are moving in the direction of adapting everything in order to harmonize with technology, just as oil once did when it poured human civilization into its mold and forced it to adapt to its facts.

The aspects of technology have imposed a reset of everything, which imposes adaptation and the assimilation of the new mechanisms that the business system has ended, and the reordering and reformulation of the identity of professions and jobs. In the beginning, it was palatable, including the pattern of remote work and distance education.

The urgent need to reset began coinciding with the beginnings of the Corona crisis, and I consider it a crisis to produce a transformation and accelerate the resetting process more than an epidemic crisis, as many people have lost their jobs, jobs and money invested in stock portfolios, which they spent a long time in their lives to build up. After hoping for an economically stable life that secures their future and the future of their children, panic began to prevail in the world, then, gradually, the black clouds began to dissolve. This happened when the activation of the mechanisms of the knowledge-based practical system provided its features and tools, and many people began to adapt to these, and practice their old work with a new look that keeps pace with the transformations imposed by activation of the knowledge system, and reset them according to its mechanisms, which are mechanisms that are not born or imposed by the Corona pandemic. Rather, they existed before, yet the Corona crisis has brought them all to the surface and imposed activation. When it is in their hands, as an option that secures it from collapse, it will be about the most able to adapt to the new mechanisms in the sectors of business, professions and jobs, and the worthiest will survive. Those who cannot reset and adapt, will be exported outside this square, which has imposed the readjustment on the world to adapt according to the data.

Economic competition, according to the assumptions of the reset, has come to mean that someone is able, through technology applications, to purchase a commodity from anywhere in the world, without limits or distances that prevent it, and it also means that a seller behind screens in China can compete with a traditional seller in a local store in any country in the world.

These transformations and the presumptions of reset impose the existence of radical changes in all sectors, including medicine, in which all the balance of power has changed. So, obtaining a drug using artificial intelligence has become much easier, as well as searching for vaccination against any disease, as it takes five to ten years to find out its side effects. And here we see a vaccine that was manufactured in less than a year.

Keeping up with, and adapting, according to the data of the reset process, which the world has arrived at in the sectors of business, professions and jobs, requires the world to reformulate its tools, through a process of updating and rehabilitating the skills of all individuals in accordance with the new form, which has been reset according to its data, which are both mechanisms and data: The New Transformation.

Life will pass by those who have willpower and those who do not have it, but who will reserve the advanced seats in the future, for those who are always able to reset, for the strongest desire and the most able to change and adapt to the new facts of life?

Finally, one can ask: Do we consider that reality, with all its facts, failed us in the Corona pandemic, so we had to reset to adapt to more feasible alternatives?

Author : Manahel Thabet
Published December 25, 2020
Al Bayan Newspaper

01 Jan 2018

Economy in the Age of the Knowledge Economy

This era is called the Age of Knowledge, and this was the result of the new changes in the world in various fields, and the rapid development of the Technology and Information Revolution on a large scale, so that the ability to produce and progress depends on the ability to innovate and adapt, turn information into knowledge, and then turn this knowledge into a distinct product, and it seems that the role of knowledge has become about generating, increasing and accumulating wealth, by contributing to improved performance, raising productivity and reducing the cost of production, which has led to the emergence of the knowledge economy, which develops rapidly, and its principles take root and expand in the face of the traditional economy.

However, we cannot understand this knowledge-based economy if we do not have the knowledge on which the economy is based, in the sense that we will only realize what the knowledge economy is meant to do by knowing the characteristics of the traditional economy, while looking at the characteristics of the knowledge economy, which is evident only in the language of comparison, focusing mainly on the priority of the knowledge economy in comparison.

The characteristics of the knowledge economy and the traditional economy can be accounted for easily by looking at the characteristics of the knowledge economy first. It is an economy of abundance because, unlike most sources, which are depleted by use, knowledge does not suffer from scarcity in the old analytical sense, it has an abundance of resources that continue to be increased through the increasing usage of knowledge and information, and allows the use of appropriate technology to create virtual markets and facilities which eliminate time and space constraints through e-commerce, so information and knowledge can be shared and can grow when used.

We find that the importance of geographical location has faded – one of the most important characteristics of the traditional economy. Using appropriate technology, and appropriate means, virtual markets and virtual organizations provide speed of completion around the clock, and anywhere in the world, so it is difficult to apply laws, barriers, and taxes at the national level. Knowledge is “filtered” where demand is higher, where barriers are lower, and knowledge-based products and services achieve higher prices than similar products that lack cognitive density, while also considering pricing and the value of products or services. They are heavily dependent on context.

Thus, knowledge itself has a different value for different people at different times, and, when knowledge is within systems or processes, it possesses a higher fundamental value than unregulated knowledge in people’s heads, and human capital is the most important component of value in knowledge-based institutions. What distinguishes this new economy is the demand for efficient and knowledgeable labour: knowledge ownership cannot be transferred from one party to another, and it is theoretically known that the economics of things, Materialism, is quite different from the information economy, hence we describe the knowledge economy as an abundant economy.

More than scarcity, it has also been argued, because resources can be depleted by use and consumption, that knowledge of learning, practice, and usage increases, as well as spreads by participation, so reiterating that it is difficult to apply laws, restrictions, and taxes on a purely national basis in the knowledge economy, unlike the traditional economy. Many transformations, a rapid trend towards trade liberalization, a concentrated access to regional blocs, and the emergence of the role of multinational corporations, and technological development, are at the heart of these transformations.

In response to all these transformations, the world has entered a new phase of development, which has made states fall under the obsession with competition, particularly since traditional sources of competition are no longer as important, which has led to an interest in new sources of competition, not only related to capital intensity, but also to the possession of knowledge, information, technologies, skills and the control of modern technology, including the use of sophisticated methods based on creativity, innovation, change and initiative.

One of the most important features of the knowledge economy is that the main factor in production is knowledge, as land was in the agricultural economy, and capital in the industrial economy; Peter Drucker emphasized that knowledge has become an essential resource of production, which means shifting the centre of gravity from raw materials and capital equipment, to focusing on information, knowledge and research, where it is possible to separate the two values, and that knowledge has no economic value (exchange value) except when used, and the cognitive component has increased in the product to a large extent, whether it is a commodity, or service.

The key to value in the knowledge economy is the competitiveness of human capital, as knowledge ownership cannot be transferred from one end to another, unlike the elements of production, in which the focus is on the concept, such as ideas and brands, rather than machines, stocks and financial assets. And to talk the rest.

Author : Manahel Thabet
Published January 01, 2018
Al Bayan Newspaper