Fuad Shatara, left, a senior associate at Advanced Technology Investment Company, is a fitness fanatic.
Fuad Shatara, left, a senior associate at Advanced Technology Investment Company, is a fitness fanatic.

Working towards good health



Fuad Shatara is the kind of co-worker who exercises at his desk, sits on a stability ball to strengthen his core strength and posture and always watches what he eats both in and out of the office.

"Do you have the grilled chicken sandwich?" he said during a recent lunch at Cafe Arabia. "Brown bread, but no cheese, no mayo - just tomatoes, onions and mustard on the side," he added.

"And can I change the French fries to grilled vegetables?"

Until recently, it was all too easy for Mr Shatara's colleagues at the Advanced Technology Investment Company (Atic) to poke fun at his health-conscious habits.

But for months now, the senior associate at the Mubadala Development subsidiary has joined more than 50 colleagues as they have undergone a detailed fitness assessment done by an outside health expert, and participated in a wide range of activities such as pedometer walking, skipping and cycling challenges, as well as a three-day office-wide detox where only healthy foods could be eaten without any coffee or smoke breaks.

Mudadala is a strategic investment company owned by the Abu Dhabi Government.

Atic's company-driven initiative is part of a larger push by local businesses to boost the health of their employees. Concerned by statistics that show rising obesity and diabetes in the emirates, some firms are bringing in outside experts to host workshops on nutrition and provide tips on how to exercise at the desk.

The programmes can cost anywhere from Dh500 (US$136.11) a month for a small business to Dh3 million for a 12-month programme at a large company located offshore.

Atic employed Michael Haddin, who runs Haddin's Fitness in Abu Dhabi and is set to start the third phase of its health programme in January. "Corporate wellness is quite a new concept in the UAE," says Mr Haddin, who is near to finalise a one-year deal with an oil and gas company.

"So to get people [and companies] seeing the benefits, you have to give them a taste at first."

Other companies are using a little peer pressure to motivate employees to get healthier.

Members of the management team at Fitness First Middle East, which oversees a chain of health clubs in the UAE, have spent months training together for a charity event in which they will cycle across all seven emirates starting on Monday and finishing on Friday.

At Millennium & Copthorne, a hotel company, more than 200 employees in the UAE, Kuwait, Oman and Qatar are walking a total of 632 km for World Diabetes Awareness Month. But the company's health initiative goes beyond one event.

Millennium is holding a competition where employees can submit recipes for menus for diabetic guests in hotels throughout the region. The contest, which will reward a winner with Dh5,000, follows a recent initiative where Millennium teamed up with a hospital in Abu Dhabi to launch a special menu at its hotels to help diabetic customers control their blood glucose levels, body fats and blood pressure.

Millennium also plans to launch a health campaign next year.

"We will have talks and specialists from [local] hospitals who will come visit," says Nadia Mounib, the marketing and communications manager at Millennium & Copthorne.

"It's more [about] awareness," she adds. "I'm not sure how many of our staff have diabetes, or are [at risk of it] due to unhealthy eating."

Barings Bank

Barings, one of Britain’s oldest investment banks, was
founded in 1762 and operated for 233 years before it went bust after a trading
scandal.

Barings Bank collapsed in February 1995 following colossal
losses caused by rogue trader Nick Lesson.

Leeson gambled more than $1 billion in speculative trades,
wiping out the venerable merchant bank’s cash reserves.

Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

Seemar’s top six for the Dubai World Cup Carnival:

1. Reynaldothewizard
2. North America
3. Raven’s Corner
4. Hawkesbury
5. New Maharajah
6. Secret Ambition

Panipat

Director Ashutosh Gowariker

Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment

Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman

Rating 3 /stars

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat

COMPANY PROFILE

Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now