Any rush on banks in Cyprus will hurt whole euro zone
I am writing in response to Shared currency makes no sense (March 21), about the proposed bailout of the Cyprus banking system.
If the Cyprus government tries to take a percentage of depositors' money, even at the reduced rate now being proposed, it will start a run on that country's banks and do irreparable damage to all banks in the euro zone.
I know of many people who will withdraw all their funds from Cyprus if it comes to that, and many who will withdraw their funds from other banks in the euro zone.
The precedent set by this action would be mind-boggling; few people will want to do business with banks in Italy, Portugal, Spain, Ireland, Greece or any other country in possible need of a bailout.
They will probably transfer their funds to other havens which will deprive the euro zone banks of billions, possibly trillions, of euros.
This will affect everything, including the rental of flats and villas, as landlords will probably insist on payments being made outside the jurisdiction.
Companies operating in Cyprus will shut up shop and open in Mauritius or another country that they perceive to be safer.
This will lead to the possible loss of thousands of jobs in Cyprus. Who then will pay for the fallout?
Jeremy Weeks, Abu Dhabi
Window cleaners' lives are in danger
Residents flee shattering glass (March 20) describes how high winds forced a cleaner's cradle into a window on a high-rise residential building.
The window-cleaning companies should not be putting these workers' lives in danger by having them go up in bad weather conditions.
The cleaners are paid a pittance. Is having clean windows worth a worker's life?
C Murray, Dubai
Fining patients not a solution
Missed appointments to cost patients (March 21) says patients at Lifeline hospital in Jebel Ali will be fined Dh50 if they fail to turn up without notice.
This is a bad idea. For such a negligible amount, the hospital is going to confuse, anger and lose patients.
While 10 per cent is a lot of no-shows, I think charging people will cause a bigger loss, as these people will never come back.
Instead, hospital staff should confirm appointments multiple times, and highlight who the "repeat offenders" are. These people than can be warned that they face a penalty.
S Mikdadi, Abu Dhabi
Fair assessment of Blair's role in Iraq
I am writing in reference to Invasion is Blair's blighted legacy (March 20), about former British prime minister Tony Blair's involvement in the Iraq war.
I totally agree with the assessment that "in the court of public opinion, he will be on trial for the rest of his life".
A Al Hammadi, Dubai
Don't let landfill be our legacy
I am concerned about the amount of landfill generated every day.
Rubbish has become one of civilisation's biggest challenges. Go to the supermarket, buy some apples, what do you get? A polystyrene carton and cellophane wrap, a plastic bag - and six apples.
The apples will be consumed over the next few days; the plastic bag, the cellophane and the polystyrene carton will still be here long after we are all dead.
We really need to get a grip on this reality. Proposals to impose a mandatory levy of Dh1 on a plastic bag will do no good. Maybe people will start to care if they are charged Dh10 per plastic bag.
We have a throwaway society; what kind of a future are we bequeathing our children?
P Nixon, Abu Dhabi
Football rumours too easy to believe
I enjoyed reading Osman Samiuddin's article, Hoax a sign of the times (March 20), about the false rumours of a Qatar-based "Dream Football League".
With all the investment in European football teams from Gulf interests, coupled with Qatar's surprise success in gaining the World Cup finals in 2018, nothing shocks this hard-bitten football fan.
I have just read that the Bahraini owner may be putting my beloved Leeds United up for sale again. It is no surprise that European fans are cynical about buyouts - and not just those from the Gulf - and this fact propagates hoaxes.
The potential Leeds sale only reinforces Samiuddin's complaint that these stories "reduce the region's relationship with football to a commercial or transactional one".
I am aware that the beautiful game is much loved in the Gulf, but European football fans will continue to be cynical about foreign buyers' motives.
David Simon, Abu Dhabi
Company%20profile
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
SWEET%20TOOTH
%3Cp%3E%3Cstrong%3ECreated%20by%3A%3C%2Fstrong%3E%20Jim%20Mickle%2C%20Beth%20Schwartz%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Nonso%20Anozie%2C%20Christian%20Convery%2C%20Adeel%20Akhtar%2C%20Stefania%20LaVie%20Owen%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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The%C2%A0specs%20
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COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
Specs%3A%202024%20McLaren%20Artura%20Spider
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Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
Manikarnika: The Queen of Jhansi
Director: Kangana Ranaut, Krish Jagarlamudi
Producer: Zee Studios, Kamal Jain
Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni
Rating: 2.5/5
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
MATCH INFO
Uefa Champions League semi-final, second leg result:
Ajax 2-3 Tottenham
Tottenham advance on away goals rule after tie ends 3-3 on aggregate
Final: June 1, Madrid
TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)
What is THAAD?
It is considered to be the US's most superior missile defence system.
Production:
It was created in 2008.
Speed:
THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.
Abilities:
THAAD is designed to take out ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".
Purpose:
To protect high-value strategic sites, such as airfields or population centres.
Range:
THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.
Creators:
Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.
UAE and THAAD:
In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
SUZUME
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A%20Little%20to%20the%20Left
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'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
Zakat definitions
Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.
Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.
Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.
Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.
The Sky Is Pink
Director: Shonali Bose
Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf
Three stars
COMPANY%20PROFILE
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