Sheikh Nahyan Bin Mubarak Al Nahyan, the Minister of Culture, Youth and Community Development, centre, and M A Yousuf Ali, right, the managing director of EMKE LuLu Group, tour the Market at Mushrif Mall shortly after its grand opening yesterday in Abu Dhabi. Ravindranath K / The National
Sheikh Nahyan Bin Mubarak Al Nahyan, the Minister of Culture, Youth and Community Development, centre, and M A Yousuf Ali, right, the managing director of EMKE LuLu Group, tour the Market at Mushrif Mall shortly after its grand opening yesterday in Abu Dhabi. Ravindranath K / The National
Sheikh Nahyan Bin Mubarak Al Nahyan, the Minister of Culture, Youth and Community Development, centre, and M A Yousuf Ali, right, the managing director of EMKE LuLu Group, tour the Market at Mushrif Mall shortly after its grand opening yesterday in Abu Dhabi. Ravindranath K / The National
Sheikh Nahyan Bin Mubarak Al Nahyan, the Minister of Culture, Youth and Community Development, centre, and M A Yousuf Ali, right, the managing director of EMKE LuLu Group, tour the Market at Mushrif M

Cornucopia of fruit, vegetables, meat and seafood


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The Market at Mushrif Mall finally opened its doors for business yesterday, offering all the benefits of a traditional food souq – complete with soaring ceilings and ornate lampposts – in a shiny, modern and air-conditioned space.

Spanning more than 200,000 square feet, the Market houses more than 200 shops selling over 150,000 kilograms of fresh produce daily – no wonder it’s claiming to be the biggest, most technologically advanced and eco-friendly fresh-food market in the region.

The cavernous area is divided into three halls for seafood, meat, and fruit and vegetables, each adorned with stone carvings that reflect local culinary traditions.

The fish market is operated by the Abu Dhabi Fisherman’s Co-operative Society, which also operates Mina Fish Market. Tanks full of hammour and Canadian lobster – up to 5kg in weight – attract your attention as you enter. It is remarkably odour-free, and boasts stalls from India, Oman, Turkey, Yemen and Europe. The stalls are stacked with fresh catch, including wolf fish, Umami oysters and sturgeon. In the coming months, sellers are hoping to provide live sheri and Sultan Ibrahim, as well as freshwater fish – trout, Arctic char and salmon.

The meat and poultry section does the usual cuts, and then some more: lamb’s head and trotters, local rabbit from Al Baddal Farm, and a South African stall selling boerewors (beef sausage with South African spices), jerky and chilli bites. They’re hoping to introduce more exotic African meats soon, including impala and springbok.

The fruit and vegetable hall is generously stocked, and features a hydroponics educational centre, plus a selection of hydroponic vegetables, including herbs, lettuce and cucumber. There is also a salad and deli counter, and a range of cheeses made in Al Ain.

• The Market is open from 7am to 11pm daily

artslife@thenational.ae

Bangladesh tour of Pakistan

January 24 – First T20, Lahore

January 25 – Second T20, Lahore

January 27 – Third T20, Lahore

February 7-11 – First Test, Rawalpindi

April 3 – One-off ODI, Karachi

April 5-9 – Second Test, Karachi

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How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

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%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Buy farm-fresh food

The UAE is stepping up its game when it comes to platforms for local farms to show off and sell their produce.

In Dubai, visit Emirati Farmers Souq at The Pointe every Saturday from 8am to 2pm, which has produce from Al Ammar Farm, Omar Al Katri Farm, Hikarivege Vegetables, Rashed Farms and Al Khaleej Honey Trading, among others. 

In Sharjah, the Aljada residential community will launch a new outdoor farmers’ market every Friday starting this weekend. Manbat will be held from 3pm to 8pm, and will host 30 farmers, local home-grown entrepreneurs and food stalls from the teams behind Badia Farms; Emirates Hydroponics Farms; Modern Organic Farm; Revolution Real; Astraea Farms; and Al Khaleej Food. 

In Abu Dhabi, order farm produce from Food Crowd, an online grocery platform that supplies fresh and organic ingredients directly from farms such as Emirates Bio Farm, TFC, Armela Farms and mother company Al Dahra. 

States of Passion by Nihad Sirees,
Pushkin Press

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GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

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