How significant is the Louis Vuitton Trophy for Dubai's sailing industry?
Sailing suffers from lack of exposure. For almost 10 years we've been trying to promote modern sailing. We quickly figured out that when you have a high-profile event like the Louis Vuitton Trophy, it's the right trigger to basically interest the community and influence the decision makers. We want to get youngsters into the sport, beside going to the shopping mall and eating junk food. The whole ball game is how do you promote this sport.
Why is the Louis Vuitton Trophy being held in Dubai?
One of the aspects of choosing a venue is from the lifestyle and fashion aspect as well as the sailing. Don't forget that Dubai is the only city that has five Louis Vuitton stores. This is one of the criteria beside the lifestyle, beside the accessibility, the sailing conditions, the logistics.
What impact do events such as these have on the Emirates?
As a hub for water sports, one of the main reasons why we host 100 events a year is to guarantee to have some activity on the water. Basically, it also keeps the hotels busy. You have the benefits for the community and you have the business related to tourism. Don't forget that the competition in terms of tourism, in terms of filling the hotels, is going to be tough between the different emirates.
What kind of benefits would an event like the America's Cup, which was nearly held in Ras al Khaimah, bring to a destination?
A lot of people from this region were disappointed. For Ras al Khaimah the America's Cup is the right tool to boost business. The America's Cup is over a long period of time. There's a lot of jobs that are created, there's a lot of tourism that comes to the city. It's a guaranteed business for a long period of time.
Is the America's Cup likely to come to the UAE?
For us logistically, to have these boats you need by far much more space. The new design has its advantages and it disadvantages. The advantage is that you guarantee close combat and you don't worry about the depth if it's shallow water. The space required is quite massive. If we do that we have to shut down completely because this hub hosts 100 water sports events a year. But I'm convinced that sooner or later UAE will host the America's Cup. Either Abu Dhabi or Dubai or Ras al Khaimah.
rbundhun@thenational.ae
COMPANY%20PROFILE
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
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
Honeymoonish
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Moral education needed in a 'rapidly changing world'
Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.
Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.
"Moral education touches on every aspect and subject that children engage in.
"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.
"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."
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Company%20Profile
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yallacompare profile
Date of launch: 2014
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)
Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
The biog:
Languages: Arabic, Farsi, Hindi, basic Russian
Favourite food: Pizza
Best food on the road: rice
Favourite colour: silver
Favourite bike: Gold Wing, Honda
Favourite biking destination: Canada
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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.
Directed by: Craig Gillespie
Starring: Emma Stone, Emma Thompson, Joel Fry
4/5