• Emma D’Arcy as Princess Rhaenyra Targaryen and Matt Smith as Prince Daemon Targaryen.
    Emma D’Arcy as Princess Rhaenyra Targaryen and Matt Smith as Prince Daemon Targaryen.
  • Olivia Cooke as Alicent Hightower and Rhys Ifans as Otto Hightower.
    Olivia Cooke as Alicent Hightower and Rhys Ifans as Otto Hightower.
  • Emma D’Arcy as Princess Rhaenyra Targaryen.
    Emma D’Arcy as Princess Rhaenyra Targaryen.
  • Matt Smith as Prince Daemon Targaryen in 'Game of Thrones' prequel 'House of the Dragon'. All photos: HBO
    Matt Smith as Prince Daemon Targaryen in 'Game of Thrones' prequel 'House of the Dragon'. All photos: HBO
  • Paddy Considine as King Viserys Targaryen.
    Paddy Considine as King Viserys Targaryen.
  • Steve Toussaint as Lord Corlys Velaryon and Eve Best as Princess Rhaenys Targaryen.
    Steve Toussaint as Lord Corlys Velaryon and Eve Best as Princess Rhaenys Targaryen.
  • Fabien Frankel as Ser Criston Cole.
    Fabien Frankel as Ser Criston Cole.
  • Milly Alcock as the young Rhaenyra and Emily Carey as the young Alicent.
    Milly Alcock as the young Rhaenyra and Emily Carey as the young Alicent.
  • Sonoya Mizuno as Mysaria.
    Sonoya Mizuno as Mysaria.
  • Rhys Ifans as Otto Hightower.
    Rhys Ifans as Otto Hightower.
  • Olivia Cooke as Alicent Hightower.
    Olivia Cooke as Alicent Hightower.
  • Steve Toussaint as Lord Corlys Velaryon.
    Steve Toussaint as Lord Corlys Velaryon.

'House of the Dragon' fires up Targaryens Matt Smith and Emma D’Arcy as Westeros returns


Maan Jalal
  • English
  • Arabic

One thing is very clear from the first scene of HBO’s House of the Dragon. This is a story about family.

While the Targaryens may not be the most conventional family, they are the most powerful. And, power is the central source of desire and motivation for a new set of characters, intricately linked through blood, marriage and lofty alliances.

“They eat, they sleep, they bleed, they feel pain, fear, they feel exposed,” Matt Smith, who plays Prince Daemon Targaryen, tells The National. “For all the madness and the extremes they go to, they are human beings.

"They experience all of the foils and are fallible, just like any normal human beings feel. They are experiencing normal family life as they know it.”

As is to be expected from the prequel to Game of Thrones, the minutiae of family dynamics and how they intersect with power is the driving force of the show.

While this theme was also central to the original Westeros series, House of the Dragon takes an intimate look at the immediate and lasting effects of the fight to sit on the Iron Throne.

Set to be released in the UAE on August 22, the trailer has already generated more than 18 million views since being released four weeks ago.

The series is set 200 years before the events of Game of Thrones. Its plot details the complex web of deep-seated rivalries between the many great houses of Westeros, with the central issue being the question of rightful royal succession.

During this time, the Targaryens are at the height of their dominance, with 17 dragons under their control. But with this power comes great vulnerability.

Due to unforeseen events, the current King Viserys (Paddy Considine), who has ruled the Seven Kingdoms for nearly 26 years, names his firstborn, Princess Rhaenyra (Emma D'Arcy and Milly Alcock), as his sole heir.

The councilmen of Westeros aren’t pleased with their King’s choice, firmly believing a woman cannot sit on the Iron Throne. While Princess Rhaenyra is determined to claim her birthright, she is not alone.

Her uncle, Daemon, ambitious and prone to extreme acts of violence, stakes his own claim to the throne. Complicating matters further, Alicent Hightower (Olivia Cooke and Emily Carey), Princess Rhaenyra's childhood best friend, marries King Viserys and later conceives a son — stirring up her own desire for the Iron throne.

And, so the stage is set for a story akin to a Shakespearean tragedy, with dragons.

The challenge of staying true to the universe of Game of Thrones, while establishing a new identity, fell to the creators, Ryan Condal and Miguel Sapochnik.

“I think its populating that world with interesting and specific characters that each have their own wants and needs and ambitions and desires and loves and hatreds and painting it on this amazing canvas that George R R Martin created of Westeros,” Condal says.

“Letting those different elements, the world-building and the character creation, interplay in such a way to present something that feels new and fresh and leans into the idea that feels like you’re in a similar place until suddenly you take a left turn and you’re not.”

Scroll through the gallery below to see the real-life filming locations in the show

  • The House of Velaryon sigil has been spotted at St Michael's Mount in Cornwall. Photo: National Trust
    The House of Velaryon sigil has been spotted at St Michael's Mount in Cornwall. Photo: National Trust
  • An aerial view of Holywell Bay in Cornwall. Photo: National Trust / Chris Lacey
    An aerial view of Holywell Bay in Cornwall. Photo: National Trust / Chris Lacey
  • The rugged seashore at Kynance Cove at Lizard peninsula, Cornwall. Photo: National Trust / John Millar
    The rugged seashore at Kynance Cove at Lizard peninsula, Cornwall. Photo: National Trust / John Millar
  • Several photos of sets and props in Monumental City, Caceres, Spain, have appeared on social media. Getty
    Several photos of sets and props in Monumental City, Caceres, Spain, have appeared on social media. Getty
  • Fans may recognise Spain's Trujillo Castle as Casterly Rock, the ancestral stronghold of House Lannister in the series. Getty
    Fans may recognise Spain's Trujillo Castle as Casterly Rock, the ancestral stronghold of House Lannister in the series. Getty
  • Dubrovnik's Pile Gate featured in season two of 'Game of Thrones', when King Joffrey was attacked by angry crowds. Getty
    Dubrovnik's Pile Gate featured in season two of 'Game of Thrones', when King Joffrey was attacked by angry crowds. Getty
  • The Jesuit Stairs in the historic city centre of Dubrovnik was the scene of Cersei Lannister’s walk of shame in season five of 'Game of Thrones'. Getty
    The Jesuit Stairs in the historic city centre of Dubrovnik was the scene of Cersei Lannister’s walk of shame in season five of 'Game of Thrones'. Getty
  • Scenes from 'House of the Dragon' were filmed at Portugal's Castle of Monsanto, a medieval fortress with arched gates and walled courtyards. Getty
    Scenes from 'House of the Dragon' were filmed at Portugal's Castle of Monsanto, a medieval fortress with arched gates and walled courtyards. Getty
  • Filming for 'House of the Dragon' kicked off in Trujillo's main square in October last year. Getty
    Filming for 'House of the Dragon' kicked off in Trujillo's main square in October last year. Getty

As the characters take their positions, the audience is faced with a powerful question: whose side are we on?

Good and evil, right and wrong, war and peace — these themes are never black or white in the Seven Kingdoms. They also live poignantly, if not violently conflicting, within the characters of the show.

Aside from a thoughtfully conceived and highly immersive world — beautifully filmed with a plot that is both satisfying and gratuitously violent — it was the flawed characters who audiences obsessed over in the original show.

“I think all the characters are flawed because they reflect real people,” says Alcock, who plays a young Princess Rhaenyra. “Ultimately people are going to hate Rhaenyra as much as they love her.”

Carey, who portrays young Alicent Hightower, shares Alcock’s thoughts, saying: “That’s what takes them from characters on paper to complex human beings, with emotions, experiences and character progression that changes over time.

“There’s so much more to these two women, which is why I think it was important to bring them in when they were much younger to show how they will become the women they are expected to be.”

Milly Alcock as Young Rhaenyra, Emily Carey as Young Alicent. Photo: HBO
Milly Alcock as Young Rhaenyra, Emily Carey as Young Alicent. Photo: HBO

The world in which House of the Dragon is set is more archaic than the one audiences are familiar with in Game of Thrones — which is made clear through the patriarchal system, which acts as the central point of resistance for Princess Rhaenyra.

“She’s [Princess Rhaenyra] lived her whole life with this constant conversation that her mother needs to have a son,” says Alcock.

“She’s been born into the world knowing that she isn’t enough as she is. By nature, she is quite a strong person and has a palpable power that sits within her. And, so she devotes herself to proving that she’s just as good as a man.”

It’s within this dichotomy between freedom and tradition, strength and vulnerability, that Princess Rhaenyra’s story breeds, and ultimately seeps into the lives of other characters, shaping events that will forever change the fate of the Seven Kingdoms.

D’Arcy, who plays the adult Princess Rhaenyra, found another divide within the character's contrasting elements.

“Rhaenyra’s strength is that everything in her life is to do with a question of identity,” says D’Arcy. “And, so in answering a political question, she’s simultaneously answering an identity question. That desire to be known is really powerful in all of us."

Princess Rhaenyra’s father King Viserys, wonderfully played by Considine, is another figure whose opposing traits paint a multifaceted character.

“I loved him from the first episode,” says Considine. “With all the best characters I’ve ever played, when you read the script, even though there is a lot work to do, you can kind of see them. And I saw Viserys and I thought he was a character with a lot of depth. As an actor that’s all you want to play."

Paddy Considine as King Viserys Targaryen. Photo: HBO
Paddy Considine as King Viserys Targaryen. Photo: HBO

Considine reveals his own feelings toward Viserys helped him craft a fully fleshed-out character on screen.

“It used to secretly annoy me that people perceived him as being weak and vulnerable because he's not,” he says. “That started to make me angry. As a result of that, I started getting a bit angrier and less tolerant, as a character. He’s a dragon and we need to see that too.”

In spite of their identical silver hair, not all Targaryens are the same. However, they are all dragons with a lust for power.

Whether loved, hated, feared or respected, there is a strong sense of loyalty and ownership among fans on how characters from the world of George R R Martin are expected to be portrayed.

And, here is where House of the Dragon has succeeded. We meet a family, who, while they ride dragons and rule over kingdoms, are unhappy, flawed, vulnerable, likeable and eerily relatable.

Scroll through the 'House of the Dragon' world premiere — in pictures

  • English actress Emily Carey attends the world premiere of HBO original drama series 'House of the Dragon' at the Academy Museum of Motion Pictures in Los Angeles. AFP
    English actress Emily Carey attends the world premiere of HBO original drama series 'House of the Dragon' at the Academy Museum of Motion Pictures in Los Angeles. AFP
  • English actor Emma D’Arcy attends. AFP
    English actor Emma D’Arcy attends. AFP
  • British actor Steve Toussaint attends. AFP
    British actor Steve Toussaint attends. AFP
  • US actress Kate Siegel attends. AFP
    US actress Kate Siegel attends. AFP
  • English actress Eve Best attends. AFP
    English actress Eve Best attends. AFP
  • Australian actress Milly Alcock attends. AFP
    Australian actress Milly Alcock attends. AFP
  • Welsh actor Rhys Ifans attends. AFP
    Welsh actor Rhys Ifans attends. AFP
  • English actor and director Paddy Considine attends. Getty Images
    English actor and director Paddy Considine attends. Getty Images
  • American actor Ryan Hansen attends. Getty Images
    American actor Ryan Hansen attends. Getty Images
  • English actor Matt Smith attends. Getty Images
    English actor Matt Smith attends. Getty Images
  • English actress Olivia Cooke attends. Getty Images
    English actress Olivia Cooke attends. Getty Images
  • American actress Lisa Edelstein attends. Getty Images
    American actress Lisa Edelstein attends. Getty Images
  • American actress Michaela Watkins attends. Getty Images
    American actress Michaela Watkins attends. Getty Images
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

UAE squad

Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
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FULL%20FIGHT%20CARD
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20synchronous%20electric%20motors%20%20%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E646hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E830Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ETwo-speed%20auto%20(rear%20axle)%3B%20single-speed%20auto%20(front)%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh552%2C311%3B%20Dh660%2C408%20(as%20tested)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.5-litre%2C%20twin-turbo%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E410hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E495Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Estarts%20from%20Dh495%2C000%20(Dh610%2C000%20for%20the%20F-Sport%20launch%20edition%20tested)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The five new places of worship

Church of South Indian Parish

St Andrew's Church Mussaffah branch

St Andrew's Church Al Ain branch

St John's Baptist Church, Ruwais

Church of the Virgin Mary and St Paul the Apostle, Ruwais

 

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Richard Jewell

Director: Clint Eastwood

Stars: Paul Walter Hauser, Sam Rockwell, Brandon Stanley

Two-and-a-half out of five stars 

A cheaper choice

Vanuatu: $130,000

Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.

Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.

Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.

Benefits:  No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

Sri Lanka's T20I squad

Thisara Perera (captain), Dilshan Munaweera, Danushka Gunathilaka, Sadeera Samarawickrama, Ashan Priyanjan, Mahela Udawatte, Dasun Shanaka, Sachith Pathirana, Vikum Sanjaya, Lahiru Gamage, Seekkuge Prasanna, Vishwa Fernando, Isuru Udana, Jeffrey Vandersay and Chathuranga de Silva.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

if you go

The flights

Emirates offer flights to Buenos Aires from Dubai, via Rio De Janeiro from around Dh6,300. emirates.com

Seeing the games

Tangol sell experiences across South America and generally have good access to tickets for most of the big teams in Buenos Aires: Boca Juniors, River Plate, and Independiente. Prices from Dh550 and include pick up and drop off from your hotel in the city. tangol.com

 

Staying there

Tangol will pick up tourists from any hotel in Buenos Aires, but after the intensity of the game, the Faena makes for tranquil, upmarket accommodation. Doubles from Dh1,110. faena.com

 

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

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COMPANY%20PROFILE
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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

The five pillars of Islam
Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

Updated: August 22, 2022, 9:58 AM