A reader calls for the lifts on the pedestrian bridge outside Abu Dhabi Mall to be fixed. Silvia Razgova / The National
A reader calls for the lifts on the pedestrian bridge outside Abu Dhabi Mall to be fixed. Silvia Razgova / The National
A reader calls for the lifts on the pedestrian bridge outside Abu Dhabi Mall to be fixed. Silvia Razgova / The National
A reader calls for the lifts on the pedestrian bridge outside Abu Dhabi Mall to be fixed. Silvia Razgova / The National

A bridge too far


  • English
  • Arabic

Complacency led to 'panic sale'

I am writing in reference to Nokia surges on $7.2bn Microsoft deal (September 4).

The announcement hardly came as a surprise to most observers, as Finland-based Nokia has been struggling to stay relevant in this era of mobile telephony dominated by touch-screen smart phones.

Until the arrival of the iPhone in 2007, Nokia dominated the global market for mobile phones with its range of sturdy and efficient handsets.

However, the stupendous success of the iPhone, quickly followed by a whole range of smart phones from Samsung and others, mostly running Google's Android operating system, altered the mobile landscape forever.

Instead of recognising the trend and taking prompt countermeasures, Nokia chose to be complacent and quickly paid the price.

From commanding more than 60 per cent market share in 2007, Nokia's share has shrunk to a meagre 13 per cent, and that is bolstered by impressive sales of its low-end Asha range in India and other developing countries.

Nokia's Lumia range of smart phones running on Microsoft's operating system has garnered barely 3 per cent share of the global smart phone market since it was launched in 2011.

Given Google's acquisition of Motorola's mobile business in 2011 for $12.5 billion (Dh46 billion), Nokia's sale to Microsoft resembles a panic sale.

Amitabh Saxena, Dubai

Respect for those who work hard

Your editorial Poverty's cruel cycle (September 3) reminded me of a situation I experienced in Abu Dhabi.

When I lived in the penthouse of an apartment building, a family lived in a room that had been built on the roof.

When I first moved in and discovered people living on the roof, I was upset. But the longer I was there and watched the family obviously trying to make ends meet and raise two children, I came to respect them for trying to better themselves.

The woman was shy and embarrassed if we ever happened to open our doors at the same time, but I would always smile and say hello.

Occasionally the man and I would take the lift at the same time on our way to work. He was neatly dressed in trousers and a crisply pressed shirt and tie. We would bid each other a good day and get on our way.

They had not asked for the life they had been given, but they were trying to raise themselves above it.

It was not for me to condemn their living arrangements but to recognise that we are all part of one big melting pot of humans.

Name withheld by request

Indian authorities have failed women

I am writing in reference to More anger at travesty of gang-rape sentence (September 2).

The verdict of the Indian court to sentence the defendant to just three years in jail, because of his age at the time of the offence, has created mixed feelings among people.

As an Indian citizen, I feel the law should be changed so that anybody of 16 or older can be charged as an adult. At that age, everybody is aware of what they are doing.

The Indian government has completely failed to protect women in this case.

It took nearly eight months for the court to reach a judgement despite government promises that the matter would be fast-tracked.

K Ragavan, Indiia

Beauty contest has lost the plot

I refer to Indonesians protest against Miss World contest (September 4).

These beauty pageants have become more about who displays the most skin rather than the contestant's beauty and brains.

I think pageant authorities should remedy this situation.

Moiz SA, Sharjah

Pedestrian lifts in need of repair

Both the lifts have stopped functioning on the pedestrian overbridge just in front of Abu Dhabi Mall, and the lift entrances have become dumping grounds.

At the same time, the police have begun regular checks for pedestrians crossing the busy road at this spot.

While I believe this is a good move, it creates a problem for those who used to rely on the lifts, including elderly people, pregnant women and those with other physical challenges.

I hope the relevant authorities take urgent measures to repair the two lifts.

Ramesh Menon, Abu Dhabi

Wonka
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Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

NBA Finals results

Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)

Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
Titanium Escrow profile

Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue  
Stage: Early stage
Investors: Founder's friends and Family