The women’s majlis: National Day is a proud occasion



‘I don’t like how people celebrate the National Day,” said one of my friends. “The boring car parade, spraying string on others and traffic congestion. We should do something more memorable on this day.”

I neither agree or disagree with my friend’s statement. I’m yet to figure out the best way to celebrate National Day. For now, I’m happy with the way we celebrate. But I must say, the celebration is getting more dazzling.

A few years back, National Day wasn’t celebrated the way it is now. Five years ago, I remember going to the Corniche and the celebration lasted a few hours. There was less enthusiasm and I don’t recall seeing many nationalities participating. Year by year, we’re celebrating the country’s birth in different ways. To me, the highlight is looking at cars adorned with patriotic imagery of our leaders.

“You don’t have corrupt leaders – that’s the main reason for UAE’s success,” said one of my Egyptian friends who witnessed the uprising in her country. No leaders in the world are loved like ours. They’re a great example to follow. In my opinion, the UAE will continue to prosper and be a role model for ­other countries.

This year, when I went to watch the air show at the Corniche, my heart skipped a beat. Many cultures from around the world gathered to mark the country’s birth. A lot of people are caught up in criticising how we celebrate National Day – instead, we should be talking about how our country has gifted us a sense of belonging.

Seeing happy faces around me is one of the joys of National Day. It makes me think to myself that one doesn’t need a UAE passport to belong in this country; all one needs is to feel welcomed and get that sense of belonging.

While walking along the Corniche, I saw our brethren from Pakistan, Afghanistan, Bangladesh, and India laughing. It was a rare sight. Perhaps National Day lifted all their burdens and gave them an opportunity to forget their worries and ­homesickness.

“Aren’t we lucky to be UAE citizens?” is a phrase that my family often repeat on National Day. National Day reminds me of my father’s past and his children’s future. He was born in 1930. At that time, life was difficult. He belonged to a low class. His generation tasted hardship.

Because of our forefathers’ legacy, today their offspring lead comfortable lives. Out of all the people in the world, we’re among the luckiest, to be living on this blessed soil.

Just like a cute baby, my country is growing more beautiful year by year. In 1971, seven hearts were unified and today, this country has welcomed more than 200 nationalities under its umbrella. It never ceases to amaze me. Long live the UAE.

aalhameli@thenational.ae

Asmaa Al Hameli is a features writer for The National.

If you have a good story to tell or an interesting issue to debate, contact Shireena Al Nowais on salnuwais@thenational.ae.

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Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

SERIE A FIXTURES

Saturday (All UAE kick-off times)

Lecce v SPAL (6pm)

Bologna v Genoa (9pm)

Atlanta v Roma (11.45pm)

Sunday

Udinese v Hellas Verona (3.30pm)

Juventus v Brescia (6pm)

Sampdoria v Fiorentina (6pm)

Sassuolo v Parma (6pm)

Cagliari v Napoli (9pm)

Lazio v Inter Milan (11.45pm)

Monday

AC Milan v Torino (11.45pm)

 

Kanguva
Director: Siva
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Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

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Company name: Nybl 

Date started: November 2018

Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono

Based: Dubai, UAE

Sector: Software Technology / Artificial Intelligence

Initial investment: $500,000

Funding round: Series B (raising $5m)

Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up 

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  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
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Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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Name: Almnssa
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Founder: Areej Selmi
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Investments: Grants/private funding
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

The five types of long-term residential visas

Obed Suhail of ServiceMarket, an online home services marketplace, outlines the five types of long-term residential visas:

Investors:

A 10-year residency visa can be obtained by investors who invest Dh10 million, out of which 60 per cent should not be in real estate. It can be a public investment through a deposit or in a business. Those who invest Dh5 million or more in property are eligible for a five-year residency visa. The invested amount should be completely owned by the investors, not loaned, and retained for at least three years.

Entrepreneurs:

A five-year multiple entry visa is available to entrepreneurs with a previous project worth Dh0.5m or those with the approval of an accredited business incubator in the UAE.  

Specialists

Expats with specialised talents, including doctors, specialists, scientists, inventors, and creative individuals working in the field of culture and art are eligible for a 10-year visa, given that they have a valid employment contract in one of these fields in the country.

Outstanding students:

A five-year visa will be granted to outstanding students who have a grade of 95 per cent or higher in a secondary school, or those who graduate with a GPA of 3.75 from a university. 

Retirees:

Expats who are at least 55 years old can obtain a five-year retirement visa if they invest Dh2m in property, have savings of Dh1m or more, or have a monthly income of at least Dh20,000.

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The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5