Saudi Arabia's King Salman greets Mr Biden at Al Salam Palace in Jeddah. Photo: @spagov
Saudi Arabia's King Salman greets Mr Biden at Al Salam Palace in Jeddah. Photo: @spagov
Saudi Arabia's King Salman greets Mr Biden at Al Salam Palace in Jeddah. Photo: @spagov
Saudi Arabia's King Salman greets Mr Biden at Al Salam Palace in Jeddah. Photo: @spagov

Saudi-US relations moving the way they are 'supposed to', says Adel Al Jubeir


Willy Lowry
  • English
  • Arabic

Latest news on Joe Biden's tour of the Middle East here

A senior Saudi minister said US President Joe Biden and Saudi Crown Prince Mohammed bin Salman established “good chemistry” at their meeting on Friday.

In an interview with The National on Saturday, Saudi Minister of State for Foreign Affairs Adel Al Jubeir outlined the multifaceted nature of the US-Saudi relationship and said Mr Biden's visit was an important one.

“Everything is moving the way it's supposed to,” Mr Al Jubeir said.

“But at the leadership level, because this is the first visit by President Biden as president — symbolically it's important.”

He added that there was “very good chemistry” between the two leaders.

Mr Biden and Prince Mohammed will attend a summit later on Saturday that will include the participation of Gulf Co-operation Council countries as well as Iraq, Egypt and Jordan, known as the GCC+3.

  • US President Joe Biden waves from a plane at King Abdulaziz International Airport in Jeddah. AFP
    US President Joe Biden waves from a plane at King Abdulaziz International Airport in Jeddah. AFP
  • US President Joe Biden boards a plane at King Abdulaziz International Airport in Jeddah. AFP
    US President Joe Biden boards a plane at King Abdulaziz International Airport in Jeddah. AFP
  • Mr Biden walks to the plane. AFP
    Mr Biden walks to the plane. AFP
  • President Sheikh Mohamed in discussion with Mr Biden during the Gulf Co-operation Council GCC+3 Jeddah Security and Development Summit. Photo: Abdulla Al Neyadi for the Presidential Court
    President Sheikh Mohamed in discussion with Mr Biden during the Gulf Co-operation Council GCC+3 Jeddah Security and Development Summit. Photo: Abdulla Al Neyadi for the Presidential Court
  • US President Joe Biden attends the Gulf Co-operation Council GCC+3 Jeddah Security and Development Summit at a hotel in the Saudi Arabian Red Sea coastal city. AFP
    US President Joe Biden attends the Gulf Co-operation Council GCC+3 Jeddah Security and Development Summit at a hotel in the Saudi Arabian Red Sea coastal city. AFP
  • Saudi Arabia's Crown Prince Mohammed bin Salman attends the Gulf Co-operation Council GCC+3 meeting in Jeddah. AFP
    Saudi Arabia's Crown Prince Mohammed bin Salman attends the Gulf Co-operation Council GCC+3 meeting in Jeddah. AFP
  • US President Joe Biden and Saudi Arabia's Crown Prince Mohammed bin Salman at the GCC+3 Jeddah Security and Development Summit. AFP
    US President Joe Biden and Saudi Arabia's Crown Prince Mohammed bin Salman at the GCC+3 Jeddah Security and Development Summit. AFP
  • President Sheikh Mohamed attended a traditional summit 'family photo call' in the company of, from left: Asaad bin Tariq Al Said, Omani Deputy Prime Minister for International Relations and Co-operation Affairs and the Special Representative of the Sultan; Sheikh Mohamed; Egypt's President Abdel Fattah El Sisi; Bahrain's King Hamad bin Isa bin Salman Al Khalifa; US President Joe Biden; Saudi Crown Prince Mohammed bin Salman; Jordan's King Abdullah II; Qatar's Emir Sheikh Tamim bin Hamad Al Thani; Kuwait's Crown Prince Mishal Al Ahmad Al Jaber Al Sabah, and Iraq's Prime Minister Mustafa Al Kadhimi. AFP
    President Sheikh Mohamed attended a traditional summit 'family photo call' in the company of, from left: Asaad bin Tariq Al Said, Omani Deputy Prime Minister for International Relations and Co-operation Affairs and the Special Representative of the Sultan; Sheikh Mohamed; Egypt's President Abdel Fattah El Sisi; Bahrain's King Hamad bin Isa bin Salman Al Khalifa; US President Joe Biden; Saudi Crown Prince Mohammed bin Salman; Jordan's King Abdullah II; Qatar's Emir Sheikh Tamim bin Hamad Al Thani; Kuwait's Crown Prince Mishal Al Ahmad Al Jaber Al Sabah, and Iraq's Prime Minister Mustafa Al Kadhimi. AFP
  • President Sheikh Mohamed is received by Saudi Arabia's Crown Prince Mohammed bin Salman upon his arrival at King Abdulaziz International Airport. Photo: Abdulla Al Neyadi for the Presidential Court
    President Sheikh Mohamed is received by Saudi Arabia's Crown Prince Mohammed bin Salman upon his arrival at King Abdulaziz International Airport. Photo: Abdulla Al Neyadi for the Presidential Court
  • President Sheikh Mohamed is received by Saudi Arabia's Prince Mohamed bin Salman upon his arrival at King Abdulaziz International Airport. Photo: Abdulla Al Neyadi for the Presidential Court
    President Sheikh Mohamed is received by Saudi Arabia's Prince Mohamed bin Salman upon his arrival at King Abdulaziz International Airport. Photo: Abdulla Al Neyadi for the Presidential Court
  • President Sheikh Mohamed greets Sheikh Mishal Al Sabah, Crown Prince of Kuwait, during the GCC+3 Jeddah Security and Development Summit. Photo: Rashed Al Mansoori / Presidential Court
    President Sheikh Mohamed greets Sheikh Mishal Al Sabah, Crown Prince of Kuwait, during the GCC+3 Jeddah Security and Development Summit. Photo: Rashed Al Mansoori / Presidential Court
  • US President Joe Biden and Secretary of State Antony Blinken meet Egyptian President Abdel Fattah El Sisi, Foreign Minister Sameh Shoukry and other officials during a bilateral meeting at a hotel in Saudi Arabia's Red Sea coastal city of Jeddah before the GCC+3 meeting. AFP
    US President Joe Biden and Secretary of State Antony Blinken meet Egyptian President Abdel Fattah El Sisi, Foreign Minister Sameh Shoukry and other officials during a bilateral meeting at a hotel in Saudi Arabia's Red Sea coastal city of Jeddah before the GCC+3 meeting. AFP
  • US President Joe Biden meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah before the beginning of the GCC+3 meeting. Reuters
    US President Joe Biden meets Iraqi Prime Minister Mustafa Al Kadhimi, in Jeddah before the beginning of the GCC+3 meeting. Reuters
  • Saudi Arabia's Crown Prince Mohammed bin Salman receives Sheikh Mishal Al Sabah, Crown Prince of Kuwait, before the GCC + 3 Jeddah Security and Development Summit on Saturday. SPA
    Saudi Arabia's Crown Prince Mohammed bin Salman receives Sheikh Mishal Al Sabah, Crown Prince of Kuwait, before the GCC + 3 Jeddah Security and Development Summit on Saturday. SPA
  • Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah El Sisi arrive for the Jeddah summit. SPA
    Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah El Sisi arrive for the Jeddah summit. SPA
  • US President Joe Biden participates in a working session with Saudi Crown Prince Mohammed bin Salman at Al Salam Palace in Jeddah. AP
    US President Joe Biden participates in a working session with Saudi Crown Prince Mohammed bin Salman at Al Salam Palace in Jeddah. AP
  • US President Joe Biden and US Secretary of State Antony Blinken in a bilateral meeting with Saudi officials led by Crown Prince Mohammed bin Salman at Al Salam Palace. Reuters
    US President Joe Biden and US Secretary of State Antony Blinken in a bilateral meeting with Saudi officials led by Crown Prince Mohammed bin Salman at Al Salam Palace. Reuters
  • Saudi Arabia's Crown Prince Mohammed bin Salman takes part in a working session with US President Joe Biden and his team. AFP
    Saudi Arabia's Crown Prince Mohammed bin Salman takes part in a working session with US President Joe Biden and his team. AFP
  • Saudi Arabia's King Salman greets US President Joe Biden at Al Salam Palace in Jeddah. Photo: @spagov
    Saudi Arabia's King Salman greets US President Joe Biden at Al Salam Palace in Jeddah. Photo: @spagov
  • King Salman and US President Joe Biden in discussions at Al Salam Palace in Jeddah. Photo: @spagov
    King Salman and US President Joe Biden in discussions at Al Salam Palace in Jeddah. Photo: @spagov
  • US President Joe Biden meets Saudi Crown Prince Mohammed bin Salman in Jeddah. Photo: @spagov
    US President Joe Biden meets Saudi Crown Prince Mohammed bin Salman in Jeddah. Photo: @spagov
  • US President Joe Biden arrives at King Abdulaziz International Airport in Jeddah. Photo: @spagov
    US President Joe Biden arrives at King Abdulaziz International Airport in Jeddah. Photo: @spagov
  • US President Joe Biden is welcomed by Saudi Arabian officials. AFP
    US President Joe Biden is welcomed by Saudi Arabian officials. AFP
  • Mr Biden disembarks from Air Force One at King Abdulaziz International Airport, following a flight from Tel Aviv. AFP
    Mr Biden disembarks from Air Force One at King Abdulaziz International Airport, following a flight from Tel Aviv. AFP
  • US Presidents Joe Biden salutes as he boards Air Force One at Ben Gurion International Airport in Lod, near Tel Aviv en route to a meeting with the GCC+3 in Jeddah, Saudi Arabia. Reuters
    US Presidents Joe Biden salutes as he boards Air Force One at Ben Gurion International Airport in Lod, near Tel Aviv en route to a meeting with the GCC+3 in Jeddah, Saudi Arabia. Reuters
  • Israel's President Isaac Herzog, second right, and caretaker Prime Minister Yair Lapid, centre, bid farewell to US President Joe Biden at Ben Gurion Airport. AFP
    Israel's President Isaac Herzog, second right, and caretaker Prime Minister Yair Lapid, centre, bid farewell to US President Joe Biden at Ben Gurion Airport. AFP
  • US President Joe Biden meets clergy at the Church of Nativity in Bethlehem, in the occupied West Bank. Reuters
    US President Joe Biden meets clergy at the Church of Nativity in Bethlehem, in the occupied West Bank. Reuters
  • US President Joe Biden is introduced to local people at the Church of Nativity in Bethlehem. Reuters
    US President Joe Biden is introduced to local people at the Church of Nativity in Bethlehem. Reuters
  • US President Joe Biden arrives at the Church of Nativity in Bethlehem, on the second full day of his Middle East visit. AFP
    US President Joe Biden arrives at the Church of Nativity in Bethlehem, on the second full day of his Middle East visit. AFP
  • US President Joe Biden and Palestinian President Mahmoud Abbas address the media after their meeting at the Muqataa Presidential Compound in Bethlehem, the occupied West Bank. AFP
    US President Joe Biden and Palestinian President Mahmoud Abbas address the media after their meeting at the Muqataa Presidential Compound in Bethlehem, the occupied West Bank. AFP
  • A photo of journalist Shireen Abu Akleh is placed on a chair as reporters wait for US President Joe Biden and Palestinian President Mahmoud Abbas to speak. She was killed in a raid by Israeli forces in May. The caption reads: 'Shireen Abu Akleh, voice of Palestine'. AP
    A photo of journalist Shireen Abu Akleh is placed on a chair as reporters wait for US President Joe Biden and Palestinian President Mahmoud Abbas to speak. She was killed in a raid by Israeli forces in May. The caption reads: 'Shireen Abu Akleh, voice of Palestine'. AP
  • US President Joe Biden with Palestinian President Mahmoud Abbas at a welcome ceremony at the Palestinian Muqataa Presidential Compound in Bethlehem, in the occupied West Bank. AFP
    US President Joe Biden with Palestinian President Mahmoud Abbas at a welcome ceremony at the Palestinian Muqataa Presidential Compound in Bethlehem, in the occupied West Bank. AFP
  • Palestinian President Mahmoud Abbas welcomes US President Joe Biden to the Israeli-occupied West Bank. Reuters
    Palestinian President Mahmoud Abbas welcomes US President Joe Biden to the Israeli-occupied West Bank. Reuters
  • A Palestinian security officer stands guard near the Church of the Nativity in Bethlehem in the occupied West Bank before US President Joe Biden’s official visit. AFP
    A Palestinian security officer stands guard near the Church of the Nativity in Bethlehem in the occupied West Bank before US President Joe Biden’s official visit. AFP
  • Palestinian and Israeli human rights campaigners lift banners during a rally near Augusta Victoria Hospital in East Jerusalem as US President Joe Binden visits. AFP
    Palestinian and Israeli human rights campaigners lift banners during a rally near Augusta Victoria Hospital in East Jerusalem as US President Joe Binden visits. AFP
  • US President Joe Biden greets fans as he attends the opening ceremony of the Maccabiah Games at Teddy Stadium in Jerusalem. AFP
    US President Joe Biden greets fans as he attends the opening ceremony of the Maccabiah Games at Teddy Stadium in Jerusalem. AFP
  • US President Joe Biden poses for a picture with US athletes competing in the Maccabiah Games. AFP
    US President Joe Biden poses for a picture with US athletes competing in the Maccabiah Games. AFP
  • People use the lights of their phones during the opening ceremony of the Maccabiah Games in Jerusalem, attended by US President Joe Biden. Reuters
    People use the lights of their phones during the opening ceremony of the Maccabiah Games in Jerusalem, attended by US President Joe Biden. Reuters
  • US athletes attend the opening ceremony of the Maccabiah Games in Jerusalem. AFP
    US athletes attend the opening ceremony of the Maccabiah Games in Jerusalem. AFP
  • The Maccabiah Games coincided with the US President Joe Biden's visit to the Middle East. AFP
    The Maccabiah Games coincided with the US President Joe Biden's visit to the Middle East. AFP
  • US President Joe Biden, centre, Israel's caretaker Prime Minister Yair Lapid, right, and President Isaac Herzog attend the opening ceremony for the Maccabiah Games in Jerusalem. Reuters
    US President Joe Biden, centre, Israel's caretaker Prime Minister Yair Lapid, right, and President Isaac Herzog attend the opening ceremony for the Maccabiah Games in Jerusalem. Reuters
  • A Palestinian protester carries a placard during a demonstration in the occupied West Bank city of Ramallah as US President Joe Biden visited Israel. AFP
    A Palestinian protester carries a placard during a demonstration in the occupied West Bank city of Ramallah as US President Joe Biden visited Israel. AFP
  • In Gaza City, Palestinian demonstrators wave their national flag as they gather to protest against the visit by US President Joe Biden to Israel. AFP
    In Gaza City, Palestinian demonstrators wave their national flag as they gather to protest against the visit by US President Joe Biden to Israel. AFP
  • A billboard, part of a campaign organised by the Centre for Human Rights B'Tselem, installed before US President Joe Biden's arrival for an official visit in the West Bank city of Bethlehem. PA
    A billboard, part of a campaign organised by the Centre for Human Rights B'Tselem, installed before US President Joe Biden's arrival for an official visit in the West Bank city of Bethlehem. PA
  • US President Joe Biden receives the Israeli Presidential Medal of Honour from Israeli President Isaac Herzog in Jerusalem. AP Photo
    US President Joe Biden receives the Israeli Presidential Medal of Honour from Israeli President Isaac Herzog in Jerusalem. AP Photo
  • US President Joe Biden, centre left, and President Isaac Herzog with children after Mr Biden's arrival at the presidential residence in Jerusalem. AFP
    US President Joe Biden, centre left, and President Isaac Herzog with children after Mr Biden's arrival at the presidential residence in Jerusalem. AFP
  • US President Joe Biden signs the guest book in the presence of President Isaac Herzog on arriving at the presidential residence in Jerusalem. AFP
    US President Joe Biden signs the guest book in the presence of President Isaac Herzog on arriving at the presidential residence in Jerusalem. AFP
  • US President Joe Biden with President Isaac Herzog and Mrs Michal Herzog in Jerusalem. AFP
    US President Joe Biden with President Isaac Herzog and Mrs Michal Herzog in Jerusalem. AFP
  • US and Saudi Arabian flags in a square in Jeddah, Saudi Arabia, before US President Joe Biden's visit. AP
    US and Saudi Arabian flags in a square in Jeddah, Saudi Arabia, before US President Joe Biden's visit. AP
  • US President Joe Biden and caretaker Israeli Prime Minister Yair Lapid at a press conference at the Waldorf Astoria Hotel in Jerusalem. EPA
    US President Joe Biden and caretaker Israeli Prime Minister Yair Lapid at a press conference at the Waldorf Astoria Hotel in Jerusalem. EPA
  • President Sheikh Mohamed delivers the opening speech during the I2U2 summit, a meeting between the leaders of the UAE, India, Israel and the US. Seen with Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation. Photo: Presidential Court
    President Sheikh Mohamed delivers the opening speech during the I2U2 summit, a meeting between the leaders of the UAE, India, Israel and the US. Seen with Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation. Photo: Presidential Court
  • President Sheikh Mohamed speaks with Indian Prime Minister Narendra Modi, US President Joe Biden and Israeli Prime Minister Yair Lapid during the I2U2 summit. Photo: Presidential Court
    President Sheikh Mohamed speaks with Indian Prime Minister Narendra Modi, US President Joe Biden and Israeli Prime Minister Yair Lapid during the I2U2 summit. Photo: Presidential Court
  • US President Joe Biden and caretaker Iraeli Prime Minister Yair Lapid address a joint press conference. AFP
    US President Joe Biden and caretaker Iraeli Prime Minister Yair Lapid address a joint press conference. AFP
  • US President Joe Biden and Israeli caretaker Prime Minister Yair Lapid during their meeting at a hotel in Jerusalem. AFP
    US President Joe Biden and Israeli caretaker Prime Minister Yair Lapid during their meeting at a hotel in Jerusalem. AFP
  • US President Joe Biden speaks to Holocaust survivors Dr Gita Cycowicz and Rena Quint in the Hall of Remembrance, at Yad Vashem in Jerusalem. AP
    US President Joe Biden speaks to Holocaust survivors Dr Gita Cycowicz and Rena Quint in the Hall of Remembrance, at Yad Vashem in Jerusalem. AP
  • US President Joe Biden participates in a wreath-laying ceremony in the Hall of Remembrance at Yad Vashem Holocaust Remembrance Centre in Jerusalem. AP
    US President Joe Biden participates in a wreath-laying ceremony in the Hall of Remembrance at Yad Vashem Holocaust Remembrance Centre in Jerusalem. AP
  • Israel's President Isaac Herzog speaks with US Secretary of State Antony Blinken and US President Joe Biden during their visit to Hall of Remembrance at Yad Vashem Holocaust Remembrance Centre in Jerusalem. Reuters
    Israel's President Isaac Herzog speaks with US Secretary of State Antony Blinken and US President Joe Biden during their visit to Hall of Remembrance at Yad Vashem Holocaust Remembrance Centre in Jerusalem. Reuters
  • Israeli Defence Minister Benny Gantz, left, US President Joe Biden, second left, caretaker Prime Minister Yair Lapid, right, and Brig Gen Shawn Harris, defence attache to the US embassy, in front of Israel's Iron Dome defence system during a tour at Ben Gurion Airport. AP
    Israeli Defence Minister Benny Gantz, left, US President Joe Biden, second left, caretaker Prime Minister Yair Lapid, right, and Brig Gen Shawn Harris, defence attache to the US embassy, in front of Israel's Iron Dome defence system during a tour at Ben Gurion Airport. AP
  • US President Joe Biden waves as he leaves Israel's Ben Gurion Airport on his way to Jerusalem. EPA
    US President Joe Biden waves as he leaves Israel's Ben Gurion Airport on his way to Jerusalem. EPA
  • US President Joe Biden, centre, stands for the national anthems alongside Secretary of State Antony Blinken, second left, Israel's President Herzog, third left, caretaker Prime Minister Yair Lapid, third right, and departing prime minister Naftali Bennett, second right, at Ben Gurion Airport. AFP
    US President Joe Biden, centre, stands for the national anthems alongside Secretary of State Antony Blinken, second left, Israel's President Herzog, third left, caretaker Prime Minister Yair Lapid, third right, and departing prime minister Naftali Bennett, second right, at Ben Gurion Airport. AFP
  • Caretaker Israeli Prime Minister Yair Lapid and President Isaac Herzog welcome US President Joe Biden to Israel as his trip begins. Reuters
    Caretaker Israeli Prime Minister Yair Lapid and President Isaac Herzog welcome US President Joe Biden to Israel as his trip begins. Reuters

The US president is hoping to convince Saudi Arabia and other Gulf countries to boost oil production over the coming months to help bring down the cost of petrol.

On Friday, Mr Biden flew on Air Force One from Tel Aviv, Israel, to Jeddah, the first US president to make such a trip. The flight was made possible after Saudi Arabia agreed to “open” its skies to all civilian aircraft earlier in the day.

THE SPECS

Engine: Four-cylinder 2.5-litre

Transmission: Seven-speed auto

Power: 165hp

Torque: 241Nm

Price: Dh99,900 to Dh134,000

On sale: now

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EXare%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJanuary%2018%2C%202021%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EPadmini%20Gupta%2C%20Milind%20Singh%2C%20Mandeep%20Singh%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunds%20Raised%3A%20%3C%2Fstrong%3E%2410%20million%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E28%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eundisclosed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EMS%26amp%3BAD%20Ventures%2C%20Middle%20East%20Venture%20Partners%2C%20Astra%20Amco%2C%20the%20Dubai%20International%20Financial%20Centre%2C%20Fintech%20Fund%2C%20500%20Startups%2C%20Khwarizmi%20Ventures%2C%20and%20Phoenician%20Funds%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EOutsized%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2016%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EAzeem%20Zainulbhai%2C%20Niclas%20Thelander%2C%20Anurag%20Bhalla%20and%20Johann%20van%20Niekerk%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EIndia%2C%20South%20Africa%2C%20South-East%20Asia%2C%20Mena%0D%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Recruitment%0D%3Cbr%3E%3Cstrong%3EInvestment%20raised%3A%3C%2Fstrong%3E%20%241%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20staff%20count%3A%3C%2Fstrong%3E%2040%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ESeed%20and%20angel%20investors%0D%3Cbr%3E%3C%2Fp%3E%0A
What is an ETF?

An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.

There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.

The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.

There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.

While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash. 

Top financial tips for graduates

Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:

1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.

2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.

3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.

4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.

%20Ramez%20Gab%20Min%20El%20Akher
%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
ESSENTIALS

The flights

Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes. 

The trip

From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.

Listen to Extra Time
Results

Ashraf Ghani 50.64 per cent

Abdullah Abdullah 39.52 per cent

Gulbuddin Hekmatyar 3.85 per cent

Rahmatullah Nabil 1.8 per cent

Tax authority targets shisha levy evasion

The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.

Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".

The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.

He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.

"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.

As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.

Gran Gala del Calcio 2019 winners

Best Player: Cristiano Ronaldo (Juventus)
Best Coach: Gian Piero Gasperini (Atalanta)
Best Referee: Gianluca Rocchi
Best Goal: Fabio Quagliarella (Sampdoria vs Napoli)
Best Team: Atalanta​​​​​​​
Best XI: Samir Handanovic (Inter); Aleksandar Kolarov (Roma), Giorgio Chiellini (Juventus), Kalidou Koulibaly (Napoli), Joao Cancelo (Juventus*); Miralem Pjanic (Juventus), Josip Ilicic (Atalanta), Nicolo Barella (Cagliari*); Fabio Quagliarella (Sampdoria), Cristiano Ronaldo (Juventus), Duvan Zapata (Atalanta)
Serie B Best Young Player: Sandro Tonali (Brescia)
Best Women’s Goal: Thaisa (Milan vs Juventus)
Best Women’s Player: Manuela Giugliano (Milan)
Best Women’s XI: Laura Giuliani (Milan); Alia Guagni (Fiorentina), Sara Gama (Juventus), Cecilia Salvai (Juventus), Elisa Bartoli (Roma); Aurora Galli (Juventus), Manuela Giugliano (Roma), Valentina Cernoia (Juventus); Valentina Giacinti (Milan), Ilaria Mauro (Fiorentina), Barbara Bonansea (Juventus)

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Results

2.30pm: Park Avenue – Conditions (PA) Dh80,000 (Dirt) 2,000m; Winner: Rb Seqondtonone, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)

3.05pm: Al Furjan – Maiden (TB) Dh82,500 (Turf) 1,200m; Winner: Bosphorus, Dane O’Neill, Bhupat Seemar

3.40pm: Mina – Rated Condition (TB) Dh105,000 (D) 1,600m; Winner: Royal Mews, Tadhg O’Shea, Bhupat Seemar

4.15pm: Aliyah – Handicap (TB) Dh87,500 (T) 1,900m; Winner: Ursa Minor, Ray Dawson, Ahmad bin Harmash

4.50pm: Riviera Beach – Rated Conditions (TB) Dh95,000 (D) 2,200m; Winner: Woodditton, Saif Al Balushi, Ahmad bin Harmash

5.25pm: Riviera – Handicap (TB) Dh2,000 (T) 2,000m; Winner: Al Madhar, Antonio Fresu, Musabah Al Muhairi

6pm: Creek Views – Handicap (TB) Dh95,000 (T) 1,400m; Winner: Al Salt, Dane O’Neill, Erwan Charpy

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
Afghanistan squad

Gulbadin Naib (captain), Mohammad Shahzad (wicketkeeper), Noor Ali Zadran, Hazratullah Zazai, Rahmat Shah, Asghar Afghan, Hashmatullah Shahidi, Najibullah Zadran, Samiullah Shinwari, Mohammad Nabi, Rashid Khan, Dawlat Zadran, Aftab Alam, Hamid Hassan, Mujeeb Ur Rahman.

'Texas Chainsaw Massacre'

Rating: 1 out of 4

Running time: 81 minutes

Director: David Blue Garcia

Starring: Sarah Yarkin, Elsie Fisher, Mark Burnham

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Quick%20facts
%3Cul%3E%0A%3Cli%3EStorstockholms%20Lokaltrafik%20(SL)%20offers%20free%20guided%20tours%20of%20art%20in%20the%20metro%20and%20at%20the%20stations%3C%2Fli%3E%0A%3Cli%3EThe%20tours%20are%20free%20of%20charge%3B%20all%20you%20need%20is%20a%20valid%20SL%20ticket%2C%20for%20which%20a%20single%20journey%20(valid%20for%2075%20minutes)%20costs%2039%20Swedish%20krone%20(%243.75)%3C%2Fli%3E%0A%3Cli%3ETravel%20cards%20for%20unlimited%20journeys%20are%20priced%20at%20165%20Swedish%20krone%20for%2024%20hours%3C%2Fli%3E%0A%3Cli%3EAvoid%20rush%20hour%20%E2%80%93%20between%209.30%20am%20and%204.30%20pm%20%E2%80%93%20to%20explore%20the%20artwork%20at%20leisure%3C%2Fli%3E%0A%3C%2Ful%3E%0A
The%20Roundup%20%3A%20No%20Way%20Out
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Lee%20Sang-yong%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Don%20Lee%2C%20Lee%20Jun-hyuk%2C%20Munetaka%20Aoki%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

MATCH STATS

Wolves 0

Aston Villa 1 (El Ghazi 90 4' pen)

Red cards: Joao Moutinho (Wolves); Douglas Luiz (Aston Villa)

Man of the match: Emi Martinez (Aston Villa)

Updated: July 16, 2022, 9:41 AM