• A worker cleans and sterilizes the Kaaba, following the outbreak of the coronavirus disease, ahead of the holy fasting month of Ramadan, in the Grand mosque in the holy city of Mecca, Saudi Arabia April 21, 2020. Reuters
    A worker cleans and sterilizes the Kaaba, following the outbreak of the coronavirus disease, ahead of the holy fasting month of Ramadan, in the Grand mosque in the holy city of Mecca, Saudi Arabia April 21, 2020. Reuters
  • Workers clean and sterilise the roof of Kaaba, following the outbreak of the coronavirus disease, ahead of the holy fasting month of Ramadan, in the Grand mosque in the holy city of Mecca, Saudi Arabia April 21, 2020. Reuters
    Workers clean and sterilise the roof of Kaaba, following the outbreak of the coronavirus disease, ahead of the holy fasting month of Ramadan, in the Grand mosque in the holy city of Mecca, Saudi Arabia April 21, 2020. Reuters
  • A mosque is closed in a bid to slow the spread of COVID-19 in the Saudi capital Riyadh on April 13, 2020, ahead of the holy Muslim fasting month of Ramadan. AFP
    A mosque is closed in a bid to slow the spread of COVID-19 in the Saudi capital Riyadh on April 13, 2020, ahead of the holy Muslim fasting month of Ramadan. AFP
  • Imam Mohammed, muezzin of the Jaffali mosque in Saudi Arabia's Red Sea coastal city of Jeddah, announces the prayer call at the mosque which is closed due to a government decree as part of efforts to combat the COVID-19 coronavirus pandemic, during the Muslim holy month of Ramadan on April 28, 2020. AFP
    Imam Mohammed, muezzin of the Jaffali mosque in Saudi Arabia's Red Sea coastal city of Jeddah, announces the prayer call at the mosque which is closed due to a government decree as part of efforts to combat the COVID-19 coronavirus pandemic, during the Muslim holy month of Ramadan on April 28, 2020. AFP
  • An aerial view shows the Grand Mosque and its surrounding, deserted on the first day of the Muslim fasting month of Ramadan, in the Saudi holy city of Mecca, on April 24, 2020, during the novel coronavirus pandemic crisis. AFP
    An aerial view shows the Grand Mosque and its surrounding, deserted on the first day of the Muslim fasting month of Ramadan, in the Saudi holy city of Mecca, on April 24, 2020, during the novel coronavirus pandemic crisis. AFP
  • A Saudi seller pours dates into a box at his shop, during the 24-hours lockdown to counter the coronavirus disease outbreak, ahead of the holy fasting month of Ramadan, in Riyadh, Saudi Arabia April 20, 2020. Reuters
    A Saudi seller pours dates into a box at his shop, during the 24-hours lockdown to counter the coronavirus disease outbreak, ahead of the holy fasting month of Ramadan, in Riyadh, Saudi Arabia April 20, 2020. Reuters
  • A worker wearing a protective face mask and gloves fries traditional Ramadan sweets following the outbreak of the coronavirus disease, during the holy month of Ramadan in Riyadh, Saudi Arabia April 30, 2020. Reuters
    A worker wearing a protective face mask and gloves fries traditional Ramadan sweets following the outbreak of the coronavirus disease, during the holy month of Ramadan in Riyadh, Saudi Arabia April 30, 2020. Reuters
  • Muslim worshippers perform the "Tarawih" nightly prayer during the holy month of Ramadan, while keeping their distance amid the COVID-19 pandemic, at the Grand Mosque, Islam's holiest site, in the Saudi city of Mecca, late on May 8, 2020. AFP
    Muslim worshippers perform the "Tarawih" nightly prayer during the holy month of Ramadan, while keeping their distance amid the COVID-19 pandemic, at the Grand Mosque, Islam's holiest site, in the Saudi city of Mecca, late on May 8, 2020. AFP
  • A Saudi security guard stands guard as worshippers perform Isha prayer next to the Kaaba in Mecca's Grand Mosque, Islam's holiest site on April 27, 2020. AFP
    A Saudi security guard stands guard as worshippers perform Isha prayer next to the Kaaba in Mecca's Grand Mosque, Islam's holiest site on April 27, 2020. AFP
  • Muslim worshippers perform the "Tarawih" nightly prayer during the holy month of Ramadan, while keeping their distance amid the COVID-19 pandemic, at the Grand Mosque, Islam's holiest site, in the Saudi city of Mecca, late on May 8, 2020. AFP
    Muslim worshippers perform the "Tarawih" nightly prayer during the holy month of Ramadan, while keeping their distance amid the COVID-19 pandemic, at the Grand Mosque, Islam's holiest site, in the Saudi city of Mecca, late on May 8, 2020. AFP
  • Kitchen staff wear protective face masks and gloves, following the outbreak of the coronavirus disease, as they prepare Ramadan meal orders for takeaway and delivery at a restaurant in Riyadh, Saudi Arabia, April 26, 2020. Reuters
    Kitchen staff wear protective face masks and gloves, following the outbreak of the coronavirus disease, as they prepare Ramadan meal orders for takeaway and delivery at a restaurant in Riyadh, Saudi Arabia, April 26, 2020. Reuters
  • Workers pass through a self-sterilisation gate set up at an entrance of the Kaaba and the Grand Mosque, as a preventive measure amid the the COVID-19 pandemic during the Muslim month of Ramadan in the Saudi holy city of Mecca, on May 8, 2020. AFP
    Workers pass through a self-sterilisation gate set up at an entrance of the Kaaba and the Grand Mosque, as a preventive measure amid the the COVID-19 pandemic during the Muslim month of Ramadan in the Saudi holy city of Mecca, on May 8, 2020. AFP
  • Men passing through a self-sterilisation gate set up at an entrance of Kaaba and the Grand Mosque as a protective measure against the COVID-19 coronavirus during the holy fasting month of Ramadan in the Saudi holy city of Mecca, May 7, 2020. AFP
    Men passing through a self-sterilisation gate set up at an entrance of Kaaba and the Grand Mosque as a protective measure against the COVID-19 coronavirus during the holy fasting month of Ramadan in the Saudi holy city of Mecca, May 7, 2020. AFP

Ramadan 2022 in Saudi Arabia: dates, working hours, prayers and all you need to know


  • English
  • Arabic

Saudi Arabia has eased Covid-19 restrictions for Ramadan this year, allowing worshippers to return to mosques at full capacity without any social-distancing measures after two years.

Here is everything you need to know about Ramadan 2022 in Saudi Arabia.

What is Ramadan?

Ramadan is the ninth and holiest month in the Hijri calendar. It is also believed to be the month the Quran was revealed to the Prophet Mohammed.

Muslims fast from sunrise to sunset every day of the month, which typically lasts either 29 or 30 days.

Ramadan is also a religious period for Muslims during which they try to strengthen their faith through prayer and increased recitation of the Quran.

When does Ramadan begin?

The International Astronomy Centre expects Ramadan to begin on April 2, but this could change according to the sighting of the Moon.

Every year, a Moon-sighting committee – a group of astronomers, court officials and advisers from the country's Islamic authority – typically convenes after maghrib, or sunset, prayers on the 29th day of the Islamic month of Shaban to look for the new crescent moon. If spotted, Ramadan begins the following day.

Otherwise, Shaban will last 30 days and Ramadan will begin thereafter.

What are the rules at the holy cities of Makkah and Madinah?

Saudi Arabia has eased Covid-19 restrictions and is no longer limiting number of pilgrims or shortening prayer times at the two grand mosques unlike last year.

Last year, taraweeh prayers were reduced from 20 rakaat to 10, limiting the nightly Ramadan prayer to 30 minutes, in addition to maintaining restrictions on the number of worshippers in the holy mosques in Makkah and Madinah. This year, prayers will return to full length.

This year, pilgrims do not require permits to pray inside the two grand mosques and can easily book an Umrah slot through Eatmarna app. International pilgrims can book their Umrah slot online even before entering the kingdom.

Saudi Arabia is now open to unvaccinated travellers, which includes pilgrims who are not infected with Covid-19.

Social distancing is no longer mandatory inside any mosques in the kingdom, however wearing of masks will be required for all visitors.

The practice of communal iftar tables and performing itikaaf, a spiritual practice in which Muslims spend long hours at mosques, at the grand mosques in Makkah and Madinah will not be suspended for the whole month. The charity-led iftar tables had been banned for two years due to the Covid-19 pandemic.

Pilgrims can bring in "dry food" to break their fasts and are also welcome to join iftar spreads, which are hugely popular at mosques around the world and free of charge.

Only those with a valid permit for performing Umrah or prayer at the Grand Mosque – issued through the government’s Eatmarna application – will be allowed to perform Umrah. The ministry has also banned the live transmission of prayers from mosques on all types of media during Ramadan.

Last week, the government announced Ramadan plans for the Grand Mosque in Makkah and the Prophet’s Mosque in Madinah that include the use of artificial intelligence in apps. It also said robots would be used to serve Zamzam water and sterilise the grounds of the mosques. Up to 12,000 workers will be available to help pilgrims during Ramadan.

The King Fahd Expansion, Third Saudi Expansion and all courtyards at the Grand Mosque will be open for worshippers, with no social-distancing measures in place.

Will other mosques be open?

Mosques across the kingdom will follow Covid-19 safety procedures and health protocols and will remain open over the holy month. Mosques can now host iftar spreads only if they have a permit for it.

The ministry has issued circulars to help prepare mosques for the holy month, including bans on collecting financial donations for iftar meals. Those who wish to host an iftar at mosques must submit an application to the authorities.

Saudi Arabia has announced restrictions on volume levels for loudspeakers at mosques during Ramadan. Speakers must not exceed a third of their full volume, the Ministry of Islamic Affairs said.

Officials have asked mosque staff to ensure they abide by circulars that limit the use of external loudspeakers for the first (adhan) and second (iqamah) calls to prayer.

  • Saudi Crown Prince Mohammed bin Salman has announced the Saudi Arabia Green Initiative. AFP
    Saudi Crown Prince Mohammed bin Salman has announced the Saudi Arabia Green Initiative. AFP
  • Saudi Arabia will work to restore, conserve, and sustainably manage a billion hectares of land by 2040. AFP
    Saudi Arabia will work to restore, conserve, and sustainably manage a billion hectares of land by 2040. AFP
  • The Saudi Green Initiative aims to plant 10 billion trees in Saudi Arabia and 50 billion across the Middle East. AFP
    The Saudi Green Initiative aims to plant 10 billion trees in Saudi Arabia and 50 billion across the Middle East. AFP
  • Workers plant trees next to a highway in Saudi Arabia's capital Riyadh. AFP
    Workers plant trees next to a highway in Saudi Arabia's capital Riyadh. AFP
  • Workers use a crane to plant trees in a park project by the roadside in Riyadh. AFP
    Workers use a crane to plant trees in a park project by the roadside in Riyadh. AFP
  • The green initiative also aims to cut carbon dioxide emissions in the Middle East by 60 per cent. AFP
    The green initiative also aims to cut carbon dioxide emissions in the Middle East by 60 per cent. AFP
  • People walk on a tree-lined pavement in Riyadh. AFP
    People walk on a tree-lined pavement in Riyadh. AFP
  • Cars drive on a tree-lined road in Saudi Arabia's capital Riyadh. AFP
    Cars drive on a tree-lined road in Saudi Arabia's capital Riyadh. AFP

Will restaurants be open for Ramadan? Will they still deliver?

All restaurants will be open at full capacity and will deliver during the holy month.

Supermarkets, pharmacies and businesses will remain open during the day and restaurants will open for delivery only at a later time – usually from 4pm to 2am.

Malls will be open throughout the kingdom, while malls in some cities are to remain open around the clock during Ramadan.

What happens if I accidentally eat or drink in public?

It is widely understood that eating and drinking in public places is not acceptable, though it is no longer a punishable offence. Some people might need to because of a medical condition.

In offices and workplaces, people must refrain from eating or drinking in front of their fasting colleagues. Typically, workplaces provide a cordoned-off area in which non-fasting staff can eat.

What are the working hours during Ramadan?

According to new directives from the Ministry of Human Resources, the official number of working hours for private companies will not exceed six a day, generally from 9am to 2pm. The public sector will work five hours a day, typically from 10am to 3pm.

What are school hours during Ramadan?

School and university hours will be reduced for Ramadan. International and Saudi schools will remain open during the month, up until the last week of Ramadan. They will be on holiday the following week for Eid as well. Schools will open from 9am to 3pm and each lesson will last a maximum of 35 minutes.

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.”

Asia Cup Qualifier

Final
UAE v Hong Kong

TV:
Live on OSN Cricket HD. Coverage starts at 5.30am

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Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

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if you go

The flights 

Etihad and Emirates fly direct to Kolkata from Dh1,504 and Dh1,450 return including taxes, respectively. The flight takes four hours 30 minutes outbound and 5 hours 30 minute returning. 

The trains

Numerous trains link Kolkata and Murshidabad but the daily early morning Hazarduari Express (3’ 52”) is the fastest and most convenient; this service also stops in Plassey. The return train departs Murshidabad late afternoon. Though just about feasible as a day trip, staying overnight is recommended.

The hotels

Mursidabad’s hotels are less than modest but Berhampore, 11km south, offers more accommodation and facilities (and the Hazarduari Express also pauses here). Try Hotel The Fame, with an array of rooms from doubles at Rs1,596/Dh90 to a ‘grand presidential suite’ at Rs7,854/Dh443.

Leaderboard

15 under: Paul Casey (ENG)

-14: Robert MacIntyre (SCO)

-13 Brandon Stone (SA)

-10 Laurie Canter (ENG) , Sergio Garcia (ESP)

-9 Kalle Samooja (FIN)

-8 Thomas Detry (BEL), Justin Harding (SA), Justin Rose (ENG)

UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Switch%20Foods%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Edward%20Hamod%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Plant-based%20meat%20production%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2034%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%246.5%20million%3Cbr%3E%3Cstrong%3EFunding%20round%3A%3C%2Fstrong%3E%20Seed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Based%20in%20US%20and%20across%20Middle%20East%3C%2Fp%3E%0A
Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
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.

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Company%20profile
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Where to donate in the UAE

The Emirates Charity Portal

You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.

The General Authority of Islamic Affairs & Endowments

The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.

Al Noor Special Needs Centre

You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.

Beit Al Khair Society

Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.

Dar Al Ber Society

Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.

Dubai Cares

Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.

Emirates Airline Foundation

Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.

Emirates Red Crescent

On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.

Gulf for Good

Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.

Noor Dubai Foundation

Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
ESSENTIALS

The flights 
Emirates, Etihad and Swiss fly direct from the UAE to Zurich from Dh2,855 return, including taxes.
 

The chalet
Chalet N is currently open in winter only, between now and April 21. During the ski season, starting on December 11, a week’s rental costs from €210,000 (Dh898,431) per week for the whole property, which has 22 beds in total, across six suites, three double rooms and a children’s suite. The price includes all scheduled meals, a week’s ski pass, Wi-Fi, parking, transfers between Munich, Innsbruck or Zurich airports and one 50-minute massage per person. Private ski lessons cost from €360 (Dh1,541) per day. Halal food is available on request.

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

The specs: 2018 Jaguar F-Type Convertible

Price, base / as tested: Dh283,080 / Dh318,465

Engine: 2.0-litre inline four-cylinder

Transmission: Eight-speed automatic

Power: 295hp @ 5,500rpm

Torque: 400Nm @ 1,500rpm

Fuel economy, combined: 7.2L / 100km

Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: 

  • UAE bt Nepal by 78 runs
  • Hong Kong bt Singapore by 5 wickets
  • Oman bt Malaysia by 2 wickets

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final

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How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

THE SPECS

GMC Sierra Denali 1500

Engine: 6.2-litre V8

Transmission: 10-speed automatic

Power: 420hp

Torque: 623Nm

Price: Dh232,500

MO
%3Cp%3E%3Cstrong%3ECreators%3A%20%3C%2Fstrong%3EMohammed%20Amer%2C%20Ramy%20Youssef%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EMohammed%20Amer%2C%20Teresa%20Ruiz%2C%20Omar%20Elba%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
'Munich: The Edge of War'

Director: Christian Schwochow

Starring: George MacKay, Jannis Niewohner, Jeremy Irons

Rating: 3/5

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Astra%20Tech%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202022%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EAbdallah%20Abu%20Sheikh%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20technology%20investment%20and%20development%3Cbr%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%24500m%3C%2Fp%3E%0A
The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

Tickets

Tickets for the 2019 Asian Cup are available online, via www.asiancup2019.com