Working outside in hot temperatures is an inevitable hazard for many people in the Middle East. But one woman aims to help keep workers safe by selling cooling neckties. Susan Reader, the chief executive of Cool Banditz, speaks about how she got started in the business.
How long have you been here in the UAE?
Five and a half years. I came here to work in real estate and the company folded with the crisis. This was in 2009. Then I started my own business.
Doing what?
I was importing cooling wallets for medication from a company in the UK. It was specifically targeting diabetics, to keep insulin cool. It was really successful. I imported about 25,000 of these wallets into the market in the space of about 12 months. One of the other products was the cooling neckband. Because I was bringing [them] from the UK it was really expensive by the time it arrived, so I couldn't sell it.
So what did you do?
Basically what happened was over a period of time my friends said, 'Look, just manufacture it here. You have the technology, you know how to do it. The product isn't patented or copyrighted because it is not new technology, so just get on and do it.' I kept delaying and in May this year I was invited to speak at a construction and health and safety evening through some of my contacts and it just kind of took off from there. Everybody loved it and said if you can get the price down, we want it. That was the final push.
And you now manufacture the cooling neckties here?
Yes, we have two manufacturers. In less than three months we have introduced 26,000 of these into the market.
That's a lot. Who did you sell them to?
We supplied 6,000 to DP World in Dubai; Weatherford bought 500, [and there is a] second order coming through for 1,000. I shipped 1,000 to DP World in Jeddah [and some] to the Suez Canal terminal in Egypt. They took 1,000. We have also shipped samples to Australia, Hong Kong, products to Bahrain. After I got the DP World one it was just referrals. I had already approached these people before when I had the UK product which was too expensive, so it's just a case of going back and revisiting these people. [Back then the cost] was double. It was Dh60 [US$16]. So manufacturing them here has made a huge difference.
How do they work?
Basically what you have is a crystal which you soak in water. The evaporation process creates the cooling effect. The science behind it is if you keep your pulse points cool, you will stay cool. As the blood is circulating the body it passes through two cooling points in the neck, so as the blood is circulating it is being cooled, which makes you feel cool. The knock-on effect is that it has an impact on heat stress, heat stroke, the accident rate and the knock-on effect of that is increased productivity.
gduncan@thenational.ae
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Cricket World Cup League Two
Teams
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Namibia beat Oman by 52 runs
UAE beat Namibia by eight wickets
Fixtures
Saturday January 11 - UAE v Oman
Sunday January 12 – Oman v Namibia
History's medical milestones
1799 - First small pox vaccine administered
1846 - First public demonstration of anaesthesia in surgery
1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases
1895 - Discovery of x-rays
1923 - Heart valve surgery performed successfully for first time
1928 - Alexander Fleming discovers penicillin
1953 - Structure of DNA discovered
1952 - First organ transplant - a kidney - takes place
1954 - Clinical trials of birth control pill
1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.
1998 - The first adult live-donor liver transplant is carried out
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Rock in a Hard Place: Music and Mayhem in the Middle East
Orlando Crowcroft
Zed Books
UAE currency: the story behind the money in your pockets
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
More from Rashmee Roshan Lall
The specs: 2019 Mini Cooper
Price, base: Dh141,740 (three-door) / Dh165,900 (five-door)
Engine: 1.5-litre four-cylinder (Cooper) / 2.0-litre four-cylinder (Cooper S)
Power: 136hp @ 4,500rpm (Cooper) / 192hp @ 5,000rpm (Cooper S)
Torque: 220Nm @ 1,480rpm (Cooper) / 280Nm @ 1,350rpm (Cooper S)
Transmission: Seven-speed automatic
Fuel consumption, combined: 4.8L to 5.4L / 100km
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
MATCH INFO
Southampton 0
Manchester City 1 (Sterling 16')
Man of the match: Kevin de Bruyne (Manchester City)
The 10 Questions
- Is there a God?
- How did it all begin?
- What is inside a black hole?
- Can we predict the future?
- Is time travel possible?
- Will we survive on Earth?
- Is there other intelligent life in the universe?
- Should we colonise space?
- Will artificial intelligence outsmart us?
- How do we shape the future?