Tag Archives: Fujairah

July 16, 2026 · 17:37

Casual connection

In the last 24 hours I saw two articles, they might have some casual connection and I leave that up to you to decide. First up we get an article with the staged setting of ‘Why Muslims Will Suffer Most When The AI Bubble Bursts’ (at https://www.islamicfinanceguru.com/articles/ai-bubble-muslim-investors) the first thing going through my mind is that you need to get out before disaster strikes. Get out when the going remains optional, and I would personally phrase this setting that those ‘money diggers’ make claim that you are not a pussy, make sure that he is not tying his benefit to your welfare. Because those who need your money have their own agenda. So as I read “In the late 90s, everyone was piling into internet companies. The stock market was booming, and it felt like free money. Then in 2000, it imploded. Companies worth billions became worthless almost overnight, and an estimated 100 million everyday investors lost a combined $5 trillion. Now people are worried AI could be the next bubble. And if they’re right, Muslim investors could be hit the hardest, even though most of us don’t realize it yet. Here’s why, and what every Muslim investor should be doing right now to prepare.” With additional “Over the past few years, the stock market has been on an absolute tear, and almost all of it has been driven by a handful of companies: the Magnificent Seven, Microsoft, Apple, Nvidia, Amazon, Meta, Alphabet, and Tesla. All making big bets on AI. Share prices going up isn’t itself a problem. What makes people nervous is the valuation. Take Nvidia. It’s now one of the largest companies in the world, and investors are giving it a price-to-earnings ratio of around 50. That means at current earnings, it would take 50 years of profits to earn back what you paid for the stock today. That’s an enormous amount of faith in future growth. That faith might well be justified. These companies are genuinely transforming industries. But history tells us that when the story gets ahead of the fundamentals, eventually something snaps. We’re not saying it will, but it’s worth asking: what’s the most fragile part of this whole thing? What’s the single point of failure? Because there is one.” And there is one that beckons reading (the link is at the beginning) and I agree with him. But the one thing that I take from the rest of that story is ‘acknowledge the concentration risk’ there is a downside of that, when it goes, it goes almost spectacularly (the investors don’t think out is spectacular) but I have other things against this AI setting, because from my point of view all AI is Fake AI. (Read my other works for elaboration, merely go see Google and ask:

Lawlordtobe + “AI” + “AI bubble”

You should get over a dozen articles bringing this out and it merely my personal setting, but I believe that is an almost pertaining truth in all this that no one wants to acknowledge. When you come to the end of that rainbow, which did not start at a pot of gold and does not end with a pot either, you see why I believe that this is coming to an end (and right quick). Don’t get me wrong, I believe in DML (Deeper Machine Learning) and LLM (Large Language Models) these are strong tools and a lot more will be coming from this. But it al all down to the knowledge of the programmer and it just isn’t AI, not even close. So I did not give the Muslim investor much rope. I am not Muslim and I have never been an investor. Not even close, I am not even an early adopter. So whilst we now see Sam Altman in quotes all over the internet from ‘Sam Altman: ‘It also takes a lot of energy to train a human’ — a staunch defense of the cost of AI training’, so if this was real (read: true) AI, what did he have to defend? Then there is ‘“Thought It Was Satire”: Sam Altman Takes Dig At Anthropic’s New Ad Amid Online Backlash’ where we are told that:

“Anthropic’s latest advertising campaign, “There’s Hope in Hard Questions”, was designed to show that the AI company is willing to confront difficult questions about artificial intelligence and its potential risks. Instead, the ad has sparked widespread criticism online, with many viewers describing its tone as unsettling, creepy and overly bleak.”

As I see it, some people are starting to crying about the still missing ROI and that is not even getting close to the fold whilst some give us

“AI Return on Investment (ROI) is highly debated and highly variable. While many companies report time savings and efficiency gains, a large percentage of executives struggle to see direct, bottom-line financial returns due to high infrastructure costs and a lack of proper workflow integration.”

All whilst the ‘highly variable’ is driven towards a timeline which is (by some) decades away. As such some need to worry when they are given the image of a Cadillac, whilst they are buying an Edsel. This might not be completely accurate, but it is what I see. When the court cases are driven towards that the setting that “DMLA Submission to the US Copyright Office argues against rash “data mining laws.” They state that because a robust licensing market already exists, creators should not be forced to subsidize AI technology by allowing free text-and-data-mining (TDM) exemptions” and when you are at this point, you are likely to lose a massive bundle ofd your investment. All whilst the Tech Policy Press gives us that:

“A dedicated legal database known as the AI on Trial dataset has tracked at least 500 cases globally across 39 countries, encompassing intellectual property, privacy, discrimination, and platform regulation”

Sounds like a good place to keep your investment, because when these cases settle (I’m hopefully hoping for some coins from that equation) you are done with whatever you thought you had. But (there is always a but) there is an optional outcome and it was given to me at (https://maritime-executive.com/article/uae-plans-to-build-a-new-jebel-ali-to-bypass-strait-of-hormuz) by the maritime executive. With the headline ‘UAE Plans to Build a New Jebel Ali to Bypass Strait of Hormuz’ with the setting that UAE had left OPEC, they might be sitting pretty on some coins and that place might need investment. As oil is a commodity that the planet needs, there is every chance that your optional investment goes back from 50 years to up to 5 years with a decent spillage of coins coming your way. So when we read “The Financial Times has added to a number of reports that the UAE is planning to expand its port and freight-handling capacity on its East Coast, accessing the Gulf of Oman and bypassing the Strait of Hormuz. The Financial Times says that DP World is planning not only to build an entirely new port on the Fujairah coast, but also to expand capacity at the existing Fujairah container terminal. It is not clear what coordination arrangements DP World has made with the existing Fujairah terminal, which is operated by the AD Ports Group under the brand name Fujairah Terminals, following the signing of a 35-year concession agreement in 2017 with Fujairah Ports, which in turn is controlled by the Fujairah Al Sharqi Royal Family.” It is my firm believe that these players would accept Muslim investment and that means the setting that you might come out as a winner, because this place outside of the Strait of Hormuz would give the UAE (read: ADNOC) give a larger setting of up to 5,000,000 barrels of oil per day with the small grocery customers like India, Australia, Indonesia, Japan and China. It feel (read: me is not being an investor) like an almost sure thing and that tends to breed opportunity. And whilst we are given “Plans are already afoot to speed the completion of a second crude pipeline to parallel the Habshan–Abu Dhabi Crude Oil Pipeline (ADCOP), doubling capacity from 1.5 to 3 million barrels per day. Fujairah Ports also operates a bulk products terminal at Dibba, on the border with Oman’s Musandam Peninsula, and Dibba has also been slated for development and upgrade.” It might allow the UAE to double that doubled setting, which is personally vision, not fact based analyses. But in this, Muslims investors are likely to see another opportunity, they might move out of that Fake AI setting whilst the leaving is good. But don’t take my word for that, it is a mere view coming from academic and personal vision on IT and a personal view on where I see the world going and I have more than 500 reasons for my views and those 500 reasons are the most likely dampers on your return on investment. #JustSaying

So, have a great day today and I am on route to kill a few Metroids, because those critters are getting out of hand on my Nintendo Switch.

Honestly, I have a question

It doesn’t happen that often, but the Middle East Eye left me with a question this morning. The headline ‘UAE ambassador’s firm linked to Bangladesh airports data deal’ was nothing strange. These things happen and if it helps Bangladesh, why worry? It was the setting of “Top diplomat’s business links to Emirati-backed project to upgrade passenger information systems prompt conflict of interest concerns”, it was the setting of “prompt conflict of interest concerns” made me wonder why there were conflicts of interests? Perhaps I am seeing the role of Ambassador incorrectly, perhaps I am simply thrown for a loop (I get an abundance of data every 24 hours), so it might be me. Yet when I see “An Emirati state-owned business appointed to set up a new passenger information system at Bangladeshi airports sub-contracted part of the project to a company co-owned by the UAE’s own ambassador to the country. Documents seen by Middle East Eye appear to raise questions about whether the arrangement delivers value for money for the Bangladeshi government or travelers facing higher prices as a consequence of inflated costs linked to the new system.” The first question that comes to mind is “Does the press get to see it all?” I reckon that perhaps the Bangladeshi media sees more (or perhaps a lot more) and as such, is there even an issue? You see, the term “value for money” tends to have ramifications, like how was this amount arrived at? Then we do get the goods in “Iftekhar Zaman, the executive director of Transparency International Bangladesh, called for an investigation into the deal, which he said appeared to amount to “a clear case of conflict of interests and an abuse of power”. Zaman told MEE: “As a public servant, an ambassador cannot be involved in any business activity without specific approval of the government.” OK, I can get along with this. The two settings that Iftekhar Zaman gives us are “an ambassador cannot be involved in any business activity without specific approval of the government” and “an abuse of power”. So first the abuse of power. The question becomes does any foreign ambassador have the ability to abuse power in any foreign country? I would state that this ambassador paints a rather nasty large target on his or her own back. An ambassador (as I see it) promotes his own country and offers stronger ties with that country (as an ambassador paints the picture why its own country is the best option). That is how I see it. As I personally see it, the ambassador is merely a pass through option for any Emirate business and as I am personally considering, the only stated ‘abuse’ would be to the business that Iftekhar Zaman prefers. As such that is the second setting. The first setting of “an ambassador cannot be involved in any business activity without specific approval of the government” this is a larger issue. In the first it is his involvement with the company he owns 34% of. As I see it the only issue is that other Emirati corporations might optionally be taken off the table. This is not on Bangladesh, but this might be on the table in the UAE (if this situation exists) and how many contenders were there for that position? American firms need to ‘scold’ their ambassador for letting this opportunity slip by as do the British, French and German corporations. So how many contenders were there? Aside from this setting was the Bangladeshi government involved? Did it need to be involved? If this is a logistic setting for a private airport, the government might not even be involved. All questions that the Middle East Eye had to lay out in this article. As for the “They also raise questions about a potential conflict of interest on the part of the UAE’s ambassador in Bangladesh, Abdulla Ali Alhmoudi, who has promoted closer ties between the aviation sectors in the two countries.” As such the job of an Ambassador is to promote its countries options and considerations that his (or her) nation has. As such Abdulla Ali Alhmoudi seems to be doing his job, that he owns 34% of that company is merely icing on the cake. And as the airport is concerned he brought a yummy cake to the attention of the airport. As such a “an investigation into the deal” seems one, but I ask you. Shouldn’t the executive director of Transparency International Bangladesh be involved? That is if this setting had to be on his desk to decide on. The fact that the airport hadn’t ‘involved’ him might require an answer, yet if the answer is that this was not his responsibility, is this case not merely a setting that gets limelight, the limelight that Iftekhar Zaman wants more spotlight? I am asking this as MEE didn’t give you “Iftekhar Zaman, the executive director of Transparency International Bangladesh, the organisation that is responsible for all information system at Bangladeshi airports” and MEE didn’t give anything on the vetting process, or who else was involved. I see a lot of questions and not much answers. And wouldn’t it be fun if the honorable Abdulla Ali Alhmoudi makes a claim for damages because of this article? There is no issue on freedom of the press. The article missed a few balls and ignored other balls and that has consequences in a lot of settings. You see, the setting of “The new passenger information system is being implemented in order to bring Bangladeshi airports in line with international standards requiring the collection of Advance Passenger Information (API) and Passenger Name Record (PNR) data.” The question is what was the competition? I don’t know but airports all have systems and several are national based, some have IBM systems and others have other systems. So what was the pool of contenders? Then we get “Alhmoudi was serving as the UAE’s charge d’affaires in Dhaka – the second-highest diplomatic post in the country – raising questions about whether he was already using his position to advance business interests.” Ehh, small question. Isn’t that his job as Ambassador? The setting of “advance business interests” should be seen as “advance Emirati business interests” and that is seemingly what he is doing. The only setting that could evolve is the setting that he didn’t advance business interests of OTHER Emirati corporations to promote the setting of Emirates Technology Solutions (Etek) based in Fujairah, a company that is Emirati state-owned. As such it seems like he was doing his job. As such there are questions but they would be pointed at MEE and optionally Iftekhar Zaman. Then we do get some other players, but there are also issues, but as I see it MEE is off the hook (as the expression goes) and we are left with “A CAAB official, speaking on condition of anonymity, told the newspaper that the aviation authority planned to implement SITA through a company charging a “comparatively higher cost” than the ICAO recommendation of $3.50 per passenger, and raised concerns that the additional burden would fall on passengers, namely Bangladeshi labourers working abroad.” And there we have the setting “A CAAB official, speaking on condition of anonymity” yes, I have seen that setting before (in other cases) and that tends to be someone who wants fame, or wants to promotes a third person, or that person wants to be seen as ‘in the know’, which gives us all matters of issues. There is another setting. You see “comparatively higher cost” is a loaded case. You see, when we have this setting we have two issues, the initial cost let’s say a initial million setting and a pass through cost. So if corporation one charges $125,000,000 and $4 per passenger and corporation two charges $15,000,000 and $5.50 per passenger the setting goes to how many passengers pass through this setting (these are fictive numbers) only if the airport has more than 110,000,000 passengers it becomes an actual issue, and that is a whole truckload of passengers. Then there are the service fees and maintenance costs of an IT system and we see none of that here.

As such, why are these facts missing? Did the anonymous person not have this data? As such my question to MEE is” ‘Where are these missing facts?’ And that is the question I am confronted with.

So do with this what you want and have a great day, my Sunday breakfast is now a mere 215 minutes away.

A National Brand

Today’s story comes from LinkedIn of all places perhaps that is not quite correct, the story got a foothold there; it is His Highness Sheikh Mohammed Bin Rashid Al Maktoum that gave the story the light it deserved. His call to form a team, 7 from each emirate, 49 in total and that gives us light to a part most of us did not ever consider, the UAE, the United Arab Emirates is indeed truly a union, a unions between 7 Emirates, each with its own flag.

Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain, each with its flag, its capital and all united under the UAE with its capital Abu Dhabi. Four of its voices are less than 5%, Umm al-Quwain (0.8%), Fujairah (1.6%), Ajman (3.9%) and Ras al-Khamain (4.3%), these 4 represent less than 20% of the UAE population (10.6%) yet they will be fully represented and the UAE went as far as local, global and social media to spread this word for a gathering towards a national brand.

It is interesting to see such a wide announcement to make proclamation towards an idea that will take months to fulfil. We are so used to social media being a vat for dishing out information that such a call is a nice change of pace.

I hope that this gets all the attention by national subjects on Facebook, Instagram, Snapchat and so on, because it seems like a worthy cause to give out such recognition in the end to 49 artists, an assignment to ‘to design the UAE’s new nation brand logo, before the end of this year‘, something that is usually in the hands of a chosen few, a chosen group of people high in the ranks of some government or corporate side.

And it was equally nice to see the usage for social networking being used in this way, it is not often, it is actually way to little that we see a request like that from any government to its citizens far and wide, perhaps that was the part that hit me first, a global stage created for a national product from its citizens. I for one hope that this will be the start of something beautiful, not for me, even though I would prosper in finding out how knowledge in this way would push boundaries.

I would love to see the connections and the creation that the UAE called for, to see what the nationalistic intentions are towards created artwork, towards arts propelled in such a way, I reckon that the creations that this call made, even though it would be on a national floor could get a global exposure, optionally propelling the artists aiming to the national floor on a global floor. In my purview for no other reason than to see the mindset of someone connected to the arts and a national frame of mind.

I personally am as curious as can be to see the results of such a call. There is a pride, a nationalist pride in anyone who is working abroad, it does not matter whether you took up another nation to fly your wings, a career in another place or merely a student that is out of once nation, the bulk of them will remain proud towards their station of origin. It is different with refugees at times, but they too will have a personalised setting towards the place they come from. You can ask any Armenian outside of Armenia (well you can ask nearly anyone), a lot of them will always keep the flag of their original country high in mind and soul.

Tag Archives: Fujairah

Casual connection

Honestly, I have a question

A National Brand

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