• 13 of the best A380 liveries: Emirates' the Museum of the Future livery. Photo: Emirates
    13 of the best A380 liveries: Emirates' the Museum of the Future livery. Photo: Emirates
  • Emirates flew this Expo 2020 liveried plane all over the world, which became a favourite of plane spotters who shared images on social media. Photo: Emirates
    Emirates flew this Expo 2020 liveried plane all over the world, which became a favourite of plane spotters who shared images on social media. Photo: Emirates
  • The Cricket World Cup liveried Emirates A380. Courtesy Emirates
    The Cricket World Cup liveried Emirates A380. Courtesy Emirates
  • The space livery on the Emirates A380. Courtesy Emirates
    The space livery on the Emirates A380. Courtesy Emirates
  • The Emirates special livery in support of United for Wildlife, a global collaboration that unites the efforts of the world's leading wildlife charities in the fight against the illegal wildlife trade. Wam
    The Emirates special livery in support of United for Wildlife, a global collaboration that unites the efforts of the world's leading wildlife charities in the fight against the illegal wildlife trade. Wam
  • An Emirates A380 with Expo 2020 livery flying over Jumeirah Beach and Sheikh Zayed Road in Dubai, on October 13, 2021. EPA
    An Emirates A380 with Expo 2020 livery flying over Jumeirah Beach and Sheikh Zayed Road in Dubai, on October 13, 2021. EPA
  • Etihad Airways' first Airbus A380 with the Facets of Dhabi livery. Lee Hoagland / The National
    Etihad Airways' first Airbus A380 with the Facets of Dhabi livery. Lee Hoagland / The National
  • The emerald green Expo 2020 sustainability livery on an Emirates A380. Courtesy Emirates
    The emerald green Expo 2020 sustainability livery on an Emirates A380. Courtesy Emirates
  • The Rugby World Cup special livery on Emirates' A380. Courtesy Emirates
    The Rugby World Cup special livery on Emirates' A380. Courtesy Emirates
  • Emirates' 100th A380 with its special Year of Zayed livery. Emmanuel Samoglou / The National
    Emirates' 100th A380 with its special Year of Zayed livery. Emmanuel Samoglou / The National
  • An Etihad A380 with Year of Zayed livery. Courtesy Etihad Airways
    An Etihad A380 with Year of Zayed livery. Courtesy Etihad Airways
  • Emirates' new livery seen here on an A380 superjumbo celebrating the UAE's golden anniversary.
    Emirates' new livery seen here on an A380 superjumbo celebrating the UAE's golden anniversary.
  • Real Madrid flying into Abu Dhabi on a special livery A380. Courtesy Emirates
    Real Madrid flying into Abu Dhabi on a special livery A380. Courtesy Emirates

Airbus A380 superjumbo undergoes a revival as travel rebounds


  • English
  • Arabic

Written off as an oversized anachronism when Covid-19 upended aviation, the world’s largest passenger plane is enjoying an unlikely revival amid an overwhelming rebound in air travel.

Many airlines struggled to see a future for their enormous Airbus A380s when the pandemic grounded fleets in early 2020.

Qantas Airways parked its 12 double-deckers in the Californian desert, saying they would not be needed for at least three years, while Etihad Airways said it was not clear if its 10 superjumbos would ever fly again.

But this year’s sudden travel recovery has given the cavernous jets — often seating more than 500 people — a new lease of life.

They have become the long-range jumbo of choice for airlines from the UK to the Gulf and Australia as passenger volumes stretch aviation workforces that were depleted during the crisis.

By the end of 2022, monthly A380 flights will be at about 60 per cent of pre-Covid totals, Cirium data shows, defying the jet’s doubters.

British Airways will operate more A380 flights by the end of the year than it did before Covid-19.

As international travel returns, the A380’s carrying ability is validating — at least for now — the confidence shown in it by its top buyer, Emirates, and proving useful for airlines such as Qantas that did not permanently turn their backs on the giant plane.

The superjumbo — which heralded a luxurious new chapter for aviation with its on-board bars and whisper-quiet interior when it was introduced in 2005 — was already falling out of favour before the pandemic hit, as airlines turned to smaller, more fuel-efficient planes. Airbus killed off the programme in 2019.

Malaysia Airlines, Germany’s Deutsche Lufthansa and Air France-KLM are among airlines selling or phasing out their fleets.

________________________

Airbus A380 through the years — in pictures

  • Airbus will stop production of its A380 superjet by 2021 Reuters
    Airbus will stop production of its A380 superjet by 2021 Reuters
  • People look at a Emirates A380 airbus landing in Nice, south of France. AFP
    People look at a Emirates A380 airbus landing in Nice, south of France. AFP
  • Sheikh Mohammed takes a tour of an Emirates A380 during the opening ceremony of the Dubai Airshow in 2013. AFP
    Sheikh Mohammed takes a tour of an Emirates A380 during the opening ceremony of the Dubai Airshow in 2013. AFP
  • A visitor poses for a photo in front of an Emirates A380 Airbus passenger aircraft decorated with a giant portrait of UAE founding father Sheikh Zayed bin Sultan. AFP
    A visitor poses for a photo in front of an Emirates A380 Airbus passenger aircraft decorated with a giant portrait of UAE founding father Sheikh Zayed bin Sultan. AFP
  • Airbus and Emirates celebrate the 100th A380 in 2018. Courtesy Emirates
    Airbus and Emirates celebrate the 100th A380 in 2018. Courtesy Emirates
  • The A380 is the World biggest passenger jet . AP
    The A380 is the World biggest passenger jet . AP
  • Emirates will receive 14 more A380s from Airbus before the plane maker ends production. Courtesy Emirates
    Emirates will receive 14 more A380s from Airbus before the plane maker ends production. Courtesy Emirates
  • Airbus said Thursday it will stop making A380 superjumbo jets in 2021 after struggling to win clients. AP Photo
    Airbus said Thursday it will stop making A380 superjumbo jets in 2021 after struggling to win clients. AP Photo
  • Interior of Business Class on an Emirates A380. Courtesy: Emirates
    Interior of Business Class on an Emirates A380. Courtesy: Emirates
  • Interior of Business Class on Emirates A380. Courtsey: Emirates
    Interior of Business Class on Emirates A380. Courtsey: Emirates
  • An air stewardess arranges bedsheets of a double bed in a suite of Singapore Airlines' new Airbus A380 during a tour of the plane at Changi Airport in Singapore. AFP
    An air stewardess arranges bedsheets of a double bed in a suite of Singapore Airlines' new Airbus A380 during a tour of the plane at Changi Airport in Singapore. AFP
  • An Airbus A380, the largest passenger jet in the world, in Dubai. The airline topped a list of attractive employers in a recent survey of Gen Y and Gen Z. EPA
    An Airbus A380, the largest passenger jet in the world, in Dubai. The airline topped a list of attractive employers in a recent survey of Gen Y and Gen Z. EPA
  • The special Emirates A380 will be in service with the Real Madrid decal for six months. Courtesy Emirates
    The special Emirates A380 will be in service with the Real Madrid decal for six months. Courtesy Emirates
  • United for Wildlife Emirates A380 before its first flight to London. Courtesy Emirates Airline
    United for Wildlife Emirates A380 before its first flight to London. Courtesy Emirates Airline
  • An Etihad Airways A380 at the Formula One Abu Dhabi Grand Prix. Christopher Pike / The National
    An Etihad Airways A380 at the Formula One Abu Dhabi Grand Prix. Christopher Pike / The National
  • A Singapore Airlines Airbus in the snow at JFK, 2018. Reuters
    A Singapore Airlines Airbus in the snow at JFK, 2018. Reuters
  • Etihad Airways economy on an A380. Courtesy Etihad
    Etihad Airways economy on an A380. Courtesy Etihad
  • The Lobby of an Etihad Airways A380. AFP
    The Lobby of an Etihad Airways A380. AFP
  • Aermacchi MB-339 jets from UAE's Al-Fursan display team perform with an Airbus A380 from Etihad Airways before the start of the Abu Dhabi Formula One Grand Prix at the Yas Marina circuit. AFP
    Aermacchi MB-339 jets from UAE's Al-Fursan display team perform with an Airbus A380 from Etihad Airways before the start of the Abu Dhabi Formula One Grand Prix at the Yas Marina circuit. AFP
  • An Emirates Airbus A380 plane in Beirut, Lebanon. AP Photo
    An Emirates Airbus A380 plane in Beirut, Lebanon. AP Photo
  • An Emirates Airline A-380 leads UAE's "Al Fursan" aerobatic display team, during the opening day of the Dubai Air Show. AP Photo
    An Emirates Airline A-380 leads UAE's "Al Fursan" aerobatic display team, during the opening day of the Dubai Air Show. AP Photo
  • The tail of the Airbus A-380 at the 46th Paris Air Show. Getty Images
    The tail of the Airbus A-380 at the 46th Paris Air Show. Getty Images
  • An Emirates Airbus A380 plane is seen at Nice International airport in Nice, France. REUTERS
    An Emirates Airbus A380 plane is seen at Nice International airport in Nice, France. REUTERS
  • An Airbus SAS A380 super jumbo performs a flying display on day two of the 51st International Paris Air Show in Paris, France. Bloomberg
    An Airbus SAS A380 super jumbo performs a flying display on day two of the 51st International Paris Air Show in Paris, France. Bloomberg
  • Line Emirates is one of the airlines included in the TSA's emergency order. Courtesy Emirates
    Line Emirates is one of the airlines included in the TSA's emergency order. Courtesy Emirates
  • Tthe A380 has been Airbus’s flagship project for the past two decades. Bloomberg
    Tthe A380 has been Airbus’s flagship project for the past two decades. Bloomberg
  • A British Airways A380. Courtesy British Airways
    A British Airways A380. Courtesy British Airways
  • A Singapore Airlines Airbus A380 at Beijing airport. AFP
    A Singapore Airlines Airbus A380 at Beijing airport. AFP
  • New wheels on the Emirates A380. Courtesy Emirates
    New wheels on the Emirates A380. Courtesy Emirates
  • At Dubai's Miracle Garden, more than five million flowers were grown to produce a full-size Emirates Airbus A380. Courtesy Guinness World Records
    At Dubai's Miracle Garden, more than five million flowers were grown to produce a full-size Emirates Airbus A380. Courtesy Guinness World Records

________________________

In June 2020, as Covid-19 swept across around the world, airlines worldwide operated only 43 passenger flights using A380s. The widespread vaccination campaigns, which allowed governments to peel back border controls, has since changed the picture.

This month, there are about 4,000 scheduled services using the A380, and about 6,000 planned for January 2023, according to Cirium.

Superjumbo services at Singapore Airlines, which turned one of the jets into a restaurant during the pandemic, will be almost back to normal by the end of 2022, the data show.

The A380’s appeal to airlines has always been limited. It found no buyers in the US, Latin America or Africa, for instance.

Should the current surge in travel demand fade and oil prices stay elevated, airlines such as IAG’s British Airways may struggle to justify running partially full, four-engined A380s.

The arrival of newer, fuel-efficient aircraft would once again pose an existential threat to the superjumbo.

Still, the A380’s value to airlines is expected to extend beyond the current surge, said John Grant, chief analyst at aviation data provider OAG.

That is partly because the small group of airlines flying the plane are either financially committed to the jet or do not have an immediate alternative, he said.

“I think it has a future for some carriers,” said Mr Grant. “Airlines may well be hoping — or praying — that in 18 months’ time the price of oil will be lower and the A380 will be an ideal aircraft.”

The A380 made its first flight in 2005 and won over passengers with its audacious scale — its wingspan is wider than a football pitch. Ultimately, airlines were turned off by its high operating costs.

Airbus sold only 251 of the planes and the last delivery, to Emirates, was made in November 2021. The aircraft remains a polarising force.

Qatar Airways chief executive Akbar Al Baker has described the A380 as the airline’s “biggest mistake”.

Air France-KLM’s French arm is happy to have pulled its 10 A380s from service in 2020, two years earlier than initially planned, avoiding a refurbishment bill of about €400 million ($420m), said Anne Rigail, who heads the division.

“The costs were so high that it was in our interest to move to new-generation planes that are more fuel efficient,” she said. “The A380s were put on the most important routes but were pretty complicated to fill.”

Not everyone sees it that way. Sydney-based Qantas has already put three of it planes back in service and plans to have half the fleet in the air by the end of 2022 for long-haul routes including the flagship Sydney-London service.

Ten refitted Qantas A380s are due to return to the skies by early 2024.

Emirates, which operates more than 100 A380s, is retrofitting many of them with premium-economy seats, a class that is proving popular with leisure travellers with money to burn as the pandemic fades.

South Korea’s Asiana Airlines is temporarily using two A380s on flights to Los Angeles and Bangkok to provide more seats before the Northern Hemisphere’s summer holiday season.

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

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

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
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

UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

Company%20profile%20
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EYodawy%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Egypt%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EKarim%20Khashaba%2C%20Sherief%20El-Feky%20and%20Yasser%20AbdelGawad%3Cstrong%3E%3Cbr%3ESector%3A%20%3C%2Fstrong%3EHealthTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3E%2424.5%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EAlgebra%20Ventures%2C%20Global%20Ventures%2C%20MEVP%20and%20Delivery%20Hero%20Ventures%2C%20among%20others%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20500%3Cbr%3E%3C%2Fp%3E%0A
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
The%20stats%20and%20facts
%3Cp%3E1.9%20million%20women%20are%20at%20risk%20of%20developing%20cervical%20cancer%20in%20the%20UAE%3C%2Fp%3E%0A%3Cp%3E80%25%20of%20people%2C%20females%20and%20males%2C%20will%20get%20human%20papillomavirus%20(HPV)%20once%20in%20their%20lifetime%3C%2Fp%3E%0A%3Cp%3EOut%20of%20more%20than%20100%20types%20of%20HPV%2C%2014%20strains%20are%20cancer-causing%3C%2Fp%3E%0A%3Cp%3E99.9%25%20of%20cervical%20cancers%20are%20caused%20by%20the%20virus%3C%2Fp%3E%0A%3Cp%3EA%20five-year%20survival%20rate%20of%20close%20to%2096%25%20can%20be%20achieved%20with%20regular%20screenings%20for%20cervical%20cancer%20detection%3C%2Fp%3E%0A%3Cp%3EWomen%20aged%2025%20to%2029%20should%20get%20a%20Pap%20smear%20every%20three%20years%3C%2Fp%3E%0A%3Cp%3EWomen%20aged%2030%20to%2065%20should%20do%20a%20Pap%20smear%20and%20HPV%20test%20every%20five%20years%3C%2Fp%3E%0A%3Cp%3EChildren%20aged%2013%20and%20above%20should%20get%20the%20HPV%20vaccine%3C%2Fp%3E%0A
Results

57kg quarter-finals

Zakaria Eljamari (UAE) beat Hamed Al Matari (YEM) by points 3-0.

60kg quarter-finals

Ibrahim Bilal (UAE) beat Hyan Aljmyah (SYR) RSC round 2.

63.5kg quarter-finals

Nouredine Samir (UAE) beat Shamlan A Othman (KUW) by points 3-0.

67kg quarter-finals

Mohammed Mardi (UAE) beat Ahmad Ondash (LBN) by points 2-1.

71kg quarter-finals

Ahmad Bahman (UAE) defeated Lalthasanga Lelhchhun (IND) by points 3-0.

Amine El Moatassime (UAE) beat Seyed Kaveh Safakhaneh (IRI) by points 3-0.

81kg quarter-finals

Ilyass Habibali (UAE) beat Ahmad Hilal (PLE) by points 3-0

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.”

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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Types of policy

Term life insurance: this is the cheapest and most-popular form of life cover. You pay a regular monthly premium for a pre-agreed period, typically anything between five and 25 years, or possibly longer. If you die within that time, the policy will pay a cash lump sum, which is typically tax-free even outside the UAE. If you die after the policy ends, you do not get anything in return. There is no cash-in value at any time. Once you stop paying premiums, cover stops.

Whole-of-life insurance: as its name suggests, this type of life cover is designed to run for the rest of your life. You pay regular monthly premiums and in return, get a guaranteed cash lump sum whenever you die. As a result, premiums are typically much higher than one term life insurance, although they do not usually increase with age. In some cases, you have to keep up premiums for as long as you live, although there may be a cut-off period, say, at age 80 but it can go as high as 95. There are penalties if you don’t last the course and you may get a lot less than you paid in.

Critical illness cover: this pays a cash lump sum if you suffer from a serious illness such as cancer, heart disease or stroke. Some policies cover as many as 50 different illnesses, although cancer triggers by far the most claims. The payout is designed to cover major financial responsibilities such as a mortgage or children’s education fees if you fall ill and are unable to work. It is cost effective to combine it with life insurance, with the policy paying out once if you either die or suffer a serious illness.

Income protection: this pays a replacement income if you fall ill and are unable to continue working. On the best policies, this will continue either until you recover, or reach retirement age. Unlike critical illness cover, policies will typically pay out for stress and musculoskeletal problems such as back trouble.

Company Profile:

Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

Company profile

Name: Back to Games and Boardgame Space

Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)

Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)

Based: Dubai and Abu Dhabi 

Industry: Back to Games (retail); Boardgame Space (wholesale and distribution) 

Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space  

Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

MATCH RESULT

Al Jazira 3 Persepolis 2
Jazira:
Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')

EA Sports FC 25
The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait,  Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.

 

Spider-Man: No Way Home

Director: Jon Watts

Stars: Tom Holland, Zendaya, Jacob Batalon 

Rating:*****

Book%20Details
%3Cp%3E%3Cem%3EThree%20Centuries%20of%20Travel%20Writing%20by%20Muslim%20Women%3C%2Fem%3E%3Cbr%3E%3Cstrong%3EEditors%3A%20%3C%2Fstrong%3ESiobhan%20Lambert-Hurley%2C%20Daniel%20Majchrowicz%2C%20Sunil%20Sharma%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3EIndiana%20University%20Press%3B%20532%20pages%3Cbr%3E%3C%2Fp%3E%0A
PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

In The Heights

Directed by: Jon M. Chu

Stars: Anthony Ramos, Lin-Manual Miranda

Rating: ****

RESULTS

Men – semi-finals

57kg – Tak Chuen Suen (MAC) beat Phuong Xuan Nguyen (VIE) 29-28; Almaz Sarsembekov (KAZ) beat Zakaria Eljamari (UAE) by points 30-27.

67kg – Mohammed Mardi (UAE) beat Huong The Nguyen (VIE) by points 30-27; Narin Wonglakhon (THA) v Mojtaba Taravati Aram (IRI) by points 29-28.

60kg – Yerkanat Ospan (KAZ) beat Amir Hosein Kaviani (IRI) 30-27; Long Doan Nguyen (VIE) beat Ibrahim Bilal (UAE) 29-28

63.5kg – Abil Galiyev (KAZ) beat Truong Cao Phat (VIE) 30-27; Nouredine Samir (UAE) beat Norapat Khundam (THA) RSC round 3.

71kg​​​​​​​ – Shaker Al Tekreeti (IRQ) beat Fawzi Baltagi (LBN) 30-27; Amine El Moatassime (UAE) beat Man Kongsib (THA) 29-28

81kg – Ilyass Hbibali (UAE) beat Alexandr Tsarikov (KAZ) 29-28; Khaled Tarraf (LBN) beat Mustafa Al Tekreeti (IRQ) 30-27

86kg​​​​​​​ – Ali Takaloo (IRI) beat Mohammed Al Qahtani (KSA) RSC round 1; Emil Umayev (KAZ) beat Ahmad Bahman (UAE) TKO round

BRIEF SCORES

England 353 and 313-8 dec
(B Stokes 112, A Cook 88; M Morkel 3-70, K Rabada 3-85)  
(J Bairstow 63, T Westley 59, J Root 50; K Maharaj 3-50)
South Africa 175 and 252
(T Bavuma 52; T Roland-Jones 5-57, J Anderson 3-25)
(D Elgar 136; M Ali 4-45, T Roland-Jones 3-72)

Result: England won by 239 runs
England lead four-match series 2-1

Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

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  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
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Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

Updated: June 21, 2022, 8:14 AM