• Faisal I's army arrives at Yanbu in present-day Madinah, during the Arab Revolt against Ottoman rule in December 1916. Pierre Perrin / Sygma via Getty
    Faisal I's army arrives at Yanbu in present-day Madinah, during the Arab Revolt against Ottoman rule in December 1916. Pierre Perrin / Sygma via Getty
  • Faisal, son of Hussein ibn Ali of Makkah, with his delegates and advisers at the Versailles peace conference on January 22, 1919. Faisal was briefly king of Syria, and later Iraq. Behind him are (L-R) his private secretary and fellow delegate Rustem Haidar; Brig Gen Nuri Said, of Baghdad; Captain Pisani of France; Col. T. E. Lawrence 'of Arabia', and Hassan Kadri.
    Faisal, son of Hussein ibn Ali of Makkah, with his delegates and advisers at the Versailles peace conference on January 22, 1919. Faisal was briefly king of Syria, and later Iraq. Behind him are (L-R) his private secretary and fellow delegate Rustem Haidar; Brig Gen Nuri Said, of Baghdad; Captain Pisani of France; Col. T. E. Lawrence 'of Arabia', and Hassan Kadri.
  • 1921: Members of the Mesopotamia Commission, set up to discuss the future of Mesopotamia at the Cairo Conference. Included in the photograph are Gertrude Bell (second L, second row), T E Lawrence (fourth R, second row), Winston Churchill (centre front row) and Herbert Samuel, 1st Viscount Samuel (L of Churchill). General Photographic Agency / Getty Images
    1921: Members of the Mesopotamia Commission, set up to discuss the future of Mesopotamia at the Cairo Conference. Included in the photograph are Gertrude Bell (second L, second row), T E Lawrence (fourth R, second row), Winston Churchill (centre front row) and Herbert Samuel, 1st Viscount Samuel (L of Churchill). General Photographic Agency / Getty Images
  • A portrait of Faisal I bin Hussein bin Ali Al Hashemi, King of the Arab Kingdom of Syria in 1920 and King of Iraq from 1921 to 1933. Library of Congress
    A portrait of Faisal I bin Hussein bin Ali Al Hashemi, King of the Arab Kingdom of Syria in 1920 and King of Iraq from 1921 to 1933. Library of Congress
  • Traders at the bazaar in Baghdad, circa 1925 – a few years into King Faisal's rule. Hulton Archive / Getty
    Traders at the bazaar in Baghdad, circa 1925 – a few years into King Faisal's rule. Hulton Archive / Getty
  • King Faisal of Iraq is shown above with his advisers on European affairs in March 1928. King Faisal was son of King Hussein ibn Ali of Hejaz. He was appointed King of Iraq seven years before this photo was taken. Bettmann / Corbis / Bettmann Archive
    King Faisal of Iraq is shown above with his advisers on European affairs in March 1928. King Faisal was son of King Hussein ibn Ali of Hejaz. He was appointed King of Iraq seven years before this photo was taken. Bettmann / Corbis / Bettmann Archive
  • The streets of Iraq pictured in 1932, the year the British Mandate lifted. A year later, King Faisal I would die and his son, Ghazi I, would become king. Granger / Shutterstock
    The streets of Iraq pictured in 1932, the year the British Mandate lifted. A year later, King Faisal I would die and his son, Ghazi I, would become king. Granger / Shutterstock
  • The streets of Baghdad, pictured in around 1940, a year after the death of King Ghazi. Hulton Archive / Getty
    The streets of Baghdad, pictured in around 1940, a year after the death of King Ghazi. Hulton Archive / Getty
  • Modern buildings and new cars on a street in Baghdad, October 30, 1957, less than a year before the 14 July Revolution and the overthrow of the monarchy. Keystone / Hulton Archive / Getty
    Modern buildings and new cars on a street in Baghdad, October 30, 1957, less than a year before the 14 July Revolution and the overthrow of the monarchy. Keystone / Hulton Archive / Getty
  • Traffic on a street in Baghdad, Iraq, circa 1950, during the regency of King Faisal II's uncle, Prince Abdullah. King Faisal II would begin his reign on turning 18 in 1953. Three Lions / Hulton Archive / Getty
    Traffic on a street in Baghdad, Iraq, circa 1950, during the regency of King Faisal II's uncle, Prince Abdullah. King Faisal II would begin his reign on turning 18 in 1953. Three Lions / Hulton Archive / Getty
  • King Faisal I of Iraq (L) with his brother Emir Abdullah of Transjordan, at the palace in Baghdad, on October 6, 1932. Library of Congress
    King Faisal I of Iraq (L) with his brother Emir Abdullah of Transjordan, at the palace in Baghdad, on October 6, 1932. Library of Congress
  • A view of Baghdad from the clock tower of the old Turkish barracks, now a government building in April 1932. A year later, King Faisal I died and his son, Ghazi, ascended the throne. Topical Press Agency / Hulton Archive / Getty
    A view of Baghdad from the clock tower of the old Turkish barracks, now a government building in April 1932. A year later, King Faisal I died and his son, Ghazi, ascended the throne. Topical Press Agency / Hulton Archive / Getty
  • Baghdad in 1938, a year before the death of King Ghazi. Ts / Keystone USA / Shutterstock
    Baghdad in 1938, a year before the death of King Ghazi. Ts / Keystone USA / Shutterstock
  • King Ghazi of Iraq shortly before his death in April 1939 at the Royal Palace in Baghdad. He ruled for six years. AFP
    King Ghazi of Iraq shortly before his death in April 1939 at the Royal Palace in Baghdad. He ruled for six years. AFP
  • A funeral procession for King Ghazi moves through Baghdad on April 9, 1939. He died in a motor accident and his three-year-old son became King. AFP
    A funeral procession for King Ghazi moves through Baghdad on April 9, 1939. He died in a motor accident and his three-year-old son became King. AFP
  • King Faisal II stands for a photograph with his uncle Prince Abdullah, his regent, on June 25, 1939, months after the death of King Ghazi, at the Royal Palace in Baghdad. AFP
    King Faisal II stands for a photograph with his uncle Prince Abdullah, his regent, on June 25, 1939, months after the death of King Ghazi, at the Royal Palace in Baghdad. AFP
  • King Faisal II of Iraq reigned from April 1939 to July 1958, when the monarchy was overthrown and he and some of his family were killed during the July 14 Revolution. This regicide marked the end of a 37-year monarchy in Iraq. Afterwards, the country became a republic. ANL / Shutterstock
    King Faisal II of Iraq reigned from April 1939 to July 1958, when the monarchy was overthrown and he and some of his family were killed during the July 14 Revolution. This regicide marked the end of a 37-year monarchy in Iraq. Afterwards, the country became a republic. ANL / Shutterstock
  • King Faisal II (L) inspects troops in Baghdad in 1953, when he became king and succeeded his father King Ghazi who was killed in 1939. Faisal II was three years old when his father died so his uncle became regent. AFP
    King Faisal II (L) inspects troops in Baghdad in 1953, when he became king and succeeded his father King Ghazi who was killed in 1939. Faisal II was three years old when his father died so his uncle became regent. AFP
  • Demonstrators carry portraits of the United Arab Republic President Gamal Abdel Nasser during revolt of pro-Nasser forces in Baghdad on July 14, 1958. The government of King Faisal was overthrown. AP Photo / Iraq Revolutionary Army / Stan Carter
    Demonstrators carry portraits of the United Arab Republic President Gamal Abdel Nasser during revolt of pro-Nasser forces in Baghdad on July 14, 1958. The government of King Faisal was overthrown. AP Photo / Iraq Revolutionary Army / Stan Carter
  • Heavily armed revolutionary soldiers on a street of Baghdad, on July 14, 1958, a few hours after the military staged a coup to take control of the country and overthrow the monarchy, declaring a republic. King Faisal II and Crown Prince Abdullah were shot dead in his palace at the height of the coup. AP
    Heavily armed revolutionary soldiers on a street of Baghdad, on July 14, 1958, a few hours after the military staged a coup to take control of the country and overthrow the monarchy, declaring a republic. King Faisal II and Crown Prince Abdullah were shot dead in his palace at the height of the coup. AP

The three kings of Iraq: How a short-lived monarchy changed the country forever


  • English
  • Arabic

For many, Iraq's short-lived monarchy was the golden era of a country that has since been marred by decades of war and instability.

Founded in 1921, it rose from the ashes of the Ottoman Empire, which Arab forces helped topple, motivated by the promise of an independent nation, free from external influences.

But when it came time to establish an independent state, as agreed with Hussein ibn Ali, the Sharif of Makkah, leaders in Europe had other ideas.

After the British withdrew their support for a unified Arab state that included Palestine, Hussein's son, Faisal, declared a Kingdom of Syria in March 1920 that covered modern Lebanon, Palestine, Jordan and Syria. But the new monarchy crumbled in less than six months, having been rejected by the local populace and crushed by the French military, who held a mandate in Damascus.

Meanwhile, in Iraq, where the British had established a mandate, locals had begun to revolt against foreign rule and launched attacks against the army.

A new king begins a new era

The following year, the Cairo Conference was held to decide the future of the region. Britain, led by Colonial Secretary Winston Churchill and advised by TE Lawrence “of Arabia”, saw an opportunity to maintain indirect control over Iraq and appointed Faisal, who had fled to London, King of Iraq.

The first order of business was to endear a Hejazi prince – from western Saudi Arabia – to the local and diverse population of Iraq. He arrived to the country via Basra port and took the train to Baghdad. On his way, Faisal visited the cities of Hillah and Kufa, plus Karbala and Najaf, where revered Shiite Imams are buried – in an effort to garner support from the Shia community.

[King Faisal I] enjoyed wide acceptance among local communities in Iraq due to his direct lineage to Prophet Mohammed
Yassir Ismaiel Nassir,
historian

“Then, Iraqi dignitaries and majority of senior religious leaders from both Shiites and Sunnis pledged allegiance to the King,” historian Yassir Ismaiel Nassir told The National.

“He enjoyed wide acceptance among local communities in Iraq due to his direct lineage to the Prophet Mohammed,” Mr Nassir said.

In an important gesture, he choose August 23 as his coronation day to coincide with Eid Al Ghadeer – a key date for Shiites as it was when the Prophet Mohammed declared his cousin, Imam Ali ibn Abi Talib, to be his successor.

With the establishment of the monarchy, a new and important chapter in Iraq’s modern history began. The king got to work transforming the country from a entity comprised three Ottoman provinces – Mosul, Baghdad and Basra – into a state with a with a national regime.

During his 12-year rule, King Faisal I laid the foundations for government institutions that exist to this day, earning the title “Founder of Modern Iraq”.

He established Ahl Al Beit University in Baghdad’s Azamiyah district, which remains under the name The Arab University.

Faisal, son of Hussain of Makkah, with his delegates and advisors at the Versailles peace conference on January 22, 1919. Faisal was briefly king of Syria, and later Iraq. Behind him are (left to right) his private secretary and fellow delegate Rustem Haidar; Brig Gen Nuri Said of Baghdad; Capt Pisani of France; Col T. E. Lawrence 'of Arabia'; unidentified man; and Hassan Kadri.
Faisal, son of Hussain of Makkah, with his delegates and advisors at the Versailles peace conference on January 22, 1919. Faisal was briefly king of Syria, and later Iraq. Behind him are (left to right) his private secretary and fellow delegate Rustem Haidar; Brig Gen Nuri Said of Baghdad; Capt Pisani of France; Col T. E. Lawrence 'of Arabia'; unidentified man; and Hassan Kadri.

He encouraged Syrian exiles to work as doctors and teachers in Iraq, among them Sati Al Husari, a writer who became the general director of the education ministry.

Under his reign, plans were in place to link Baghdad, Damascus and Amman by rail and he aimed to build an oil pipeline to the Mediterranean through Syria.

Iraqis remember him as a modest king, who would mingle with the public. His main goal was to achieve full independence for Iraq.

In 1930, Iraq and Britain signed a treaty to establish a close alliance between the two countries but also give Iraq a degree of political independence. It eased British control but also gave it rights to station and move military forces in Iraq – as well as full control of Iraq's oil resources.

Two years later, the British mandate ended and Iraq gained independence, becoming the 57th member of the League of Nations.

“The King was clever. Despite his differences with Britain, he tried to grab independence from them in any form he could,” Mr Nasir said.

“Despite the hardships he faced during his reign, he succeeded in leading the country to safety and laying the foundations for a modern state.”

In 1933, aged 48, Faisal I died of a heart attack and his son, Ghazi, ascended the throne.

A funeral procession for King Ghazi moves through Baghdad on April 9, 1939. He died in a motor accident and his 3-year-old son became king. AFP
A funeral procession for King Ghazi moves through Baghdad on April 9, 1939. He died in a motor accident and his 3-year-old son became king. AFP

King Ghazi ruled for just six years before he died in a motor accident in Baghdad, passing the throne on to his 3-year-old son Faisal II.

Faisal II's uncle, Crown Prince Abdullah, held power until the boy completed finished his education in Britain's Harrow boarding school, where he studied alongside his cousin, King Hussein of Jordan – father of the country's current king, Abdullah.

King Faisal II ascended the throne aged 18, in 1953. High hopes were placed on the young king to build on his father and grandfather's legacies.

However, the British colonial power that established the Hashemite kingdom in Iraq had not accounted for the country's diverse ethnic and religious communities, including a large Shia and Kurdish population.

Many minorities felt marginalised by a Sunni Arab king – a theme that continues to influence the country's stability today.

In July, 1958, the monarchy was overthrown in a military coup, led by the Free Officers Movement. King Faisal II, his uncle and other family members were killed. The group had been inspired by the 1952 Egyptian Revolution that saw its monarchy abolished in favour of a more secular and nationalist state.

Heavily armed revolutionary soldiers are seen in a street of Baghdad, Iraq on July 14, 1958, hours after the military staged a coup, overthrowing the monarchy and declaring a republic. AP
Heavily armed revolutionary soldiers are seen in a street of Baghdad, Iraq on July 14, 1958, hours after the military staged a coup, overthrowing the monarchy and declaring a republic. AP

How is Iraq's era as a kingdom viewed today?

Despite only lasting 37 years, many view Iraq's monarchy as a positive period in the country's history.

Feisal Al Istrabadi, Iraq's former UN ambassador, said the monarchical system presented “an optimistic and hopeful movement in Iraqi history, one that was lost and that cannot be replaced.

“The monarchy found Iraq, a backward, forgotten corner of the Ottoman Empire, and in less than 40 years turned it into a state that mattered in the power equations of the region,” he told The National.

King Faisal I of Iraq (L) with his brother Emir Abdullah of Transjordan, at the palace in Baghdad, on October 6, 1932. Library of Congress
King Faisal I of Iraq (L) with his brother Emir Abdullah of Transjordan, at the palace in Baghdad, on October 6, 1932. Library of Congress

Under the monarchy, Iraq became a central regional player in international politics, including America’s fight to stop the spread of communism, he said.

“Of course, in 1958, the new dispensation chose the Soviet Union, the losing side in the Cold War, and we know the rest of the history of Iraq.”

To the British, the monarchy was thought to be an institution that would inspire loyalty, and unite a diverse society, thus making it a foundation for nation-building, said Charles Tripp, Professor of Middle East Politics at London’s SOAS university.

“This was one of the many contradictions of their policy – the stronger a sense of Iraqi nationalism became, the less justification there was for having a monarch at all, especially one from a Hejazi dynasty,” Mr Tripp told The National.

He said the British wanted the monarchy to be constitutional and “their own style of indirect rule”, which undermined its legitimacy.

The king’s dependence on British was “pretty obvious to all Iraqis and made him the effective centre of a web of patronage and class privilege”, Mr Tripp said.

After the Second World War, Iraq's society became increasingly mobilised with Iraqi and Arab nationalism, communism and socialism.

“None of which had any tolerance of continued British influence or of the monarchy that was so obviously a British creation,” Mr Tripp said.

He said this was why Iraq’s kingdom only lasted 26 years after the country’s independence from the British mandate in 1932.

Authoritarian nostalgia among Iraqis

When Mr Al Istrabadi went to Baghdad in July 2008, the prevailing feeling among Iraqis was that only suffered after the coup.

“Even diehard communists and leftists at the time of the coup spoke against it,” he said.

“I do not know many Iraqis who would not undo the 1958 coup if they could.”

He said the monarchy was “looked back upon wistfully by most Iraqis”.

People in Iraq are nostalgic for the past because they don’t have the same tools to assess the past with which they can assess the present, but that’s not unique to Iraqis
Marsin Alshamary,
Harvard Kennedy School

A trend has emerged in Iraq in recent years for authoritarian nostalgia, said Marsin Alshamary, research fellow with the Middle East Initiative at the Harvard Kennedy School.

“Authoritarian nostalgia takes on different forms in Iraq: sometimes it’s thinking life was better under Saddam Hussein and sometimes it’s Abdel Karim Qasim [the military leader who overthrew the monarchy].

“Recently it’s been the question of whether the monarchy would have been better,” she said.

“Young Iraqis perhaps think of the monarchy as being a better time because it has all these superficially appealing aspects — the single “strong” leader (as opposed to the politicking they witness among the many political actors today),” Ms Al Shamary told The National.

“All these things appeal to young Iraqis, who have not lived through traditional authoritarianism,” she said.

“The gist of it is, people in Iraq are nostalgic for the past because they don’t have the same tools to assess the past with which they can assess the present, but that’s not unique to Iraqis.”


Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat
Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company%20Profile
%3Cp%3ECompany%20name%3A%20EduPloyment%3Cbr%3EDate%20started%3A%20March%202020%3Cbr%3ECo-Founders%3A%20Mazen%20Omair%20and%20Rana%20Batterjee%3Cbr%3EBase%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Recruitment%3Cbr%3ESize%3A%2030%20employees%3Cbr%3EInvestment%20stage%3A%20Pre-Seed%3Cbr%3EInvestors%3A%20Angel%20investors%20(investment%20amount%20undisclosed)%3C%2Fp%3E%0A
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
Essentials

The flights

Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours. 

The package

Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M3%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%2FUSB-4%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206E%2C%20Bluetooth%205.3%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Midnight%2C%20silver%2C%20space%20grey%2C%20starlight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%2F35W%20dual-port%2F70w%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%2C%202%20Apple%20stickers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C599%3C%2Fp%3E%0A
MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Napoleon
%3Cp%3E%3Cstrong%3EDirector%3C%2Fstrong%3E%3A%20Ridley%20Scott%3Cbr%3E%3Cstrong%3EStars%3C%2Fstrong%3E%3A%20Joaquin%20Phoenix%2C%20Vanessa%20Kirby%2C%20Tahar%20Rahim%3Cbr%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%202%2F5%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

SPIDER-MAN%3A%20ACROSS%20THE%20SPIDER-VERSE
%3Cp%3EDirectors%3A%20Joaquim%20Dos%20Santos%2C%20Kemp%20Powers%2C%20Justin%20K.%20Thompson%3Cbr%3EStars%3A%20Shameik%20Moore%2C%20Hailee%20Steinfeld%2C%20Oscar%20Isaac%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
SUNDAY'S ABU DHABI T10 MATCHES

Northern Warriors v Team Abu Dhabi, 3.30pm
Bangla Tigers v Karnataka Tuskers, 5.45pm
Qalandars v Maratha Arabians, 8pm

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Know your Camel lingo

The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home

Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless

Asayel camels - sleek, short-haired hound-like racers

Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s

Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival

Tailors and retailers miss out on back-to-school rush

Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”

A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.

“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”

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
MATCH INFO

New Zealand 176-8 (20 ovs)

England 155 (19.5 ovs)

New Zealand win by 21 runs

Race card

6.30pm: Al Maktoum Challenge Round-3 Group 1 (PA) US$100,000 (Dirt) 2,000m

7.05pm: Meydan Classic Listed (TB) $175,000 (Turf) 1,600m

7.40pm: Handicap (TB) $135,000 (T) 2,000m

8.15pm: Handicap (TB) $135,000 (D) 1,600m

8.50pm: Nad Al Sheba Trophy Group 2 (TB) $300,000 (T) 2,810m

9.25pm: Curlin Stakes Listed (TB) $175,000 (D) 2,000m

10pm: Handicap (TB) $135,000 (T) 2,000m

10.35pm: Handicap (TB) $175,000 (T) 1,400m

The National selections

6.30pm: Shahm, 7.05pm: Well Of Wisdom, 7.40pm: Lucius Tiberius, 8.15pm: Captain Von Trapp, 8.50pm: Secret Advisor, 9.25pm: George Villiers, 10pm: American Graffiti, 10.35pm: On The Warpath

GROUP RESULTS

Group A
Results

Ireland beat UAE by 226 runs
West Indies beat Netherlands by 54 runs

Group B
Results

Zimbabwe tied with Scotland
Nepal beat Hong Kong by five wickets

England ODI squad

Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Jake Ball, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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.”

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

The years Ramadan fell in May

1987

1954

1921

1888

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
The biog

Nickname: Mama Nadia to children, staff and parents

Education: Bachelors degree in English Literature with Social work from UAE University

As a child: Kept sweets on the window sill for workers, set aside money to pay for education of needy families

Holidays: Spends most of her days off at Senses often with her family who describe the centre as part of their life too

Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
Updated: August 23, 2021, 8:23 AM