• Iraqi football fans wave their national flag as they celebrate the team's victory against Oman in Arbil, the capital of Iraq's northern autonomous Kurdish region. AFP
    Iraqi football fans wave their national flag as they celebrate the team's victory against Oman in Arbil, the capital of Iraq's northern autonomous Kurdish region. AFP
  • Iraq defeated Oman 3-2 to lift the 25th Arabian Gulf Cup on Thursday. Reuters
    Iraq defeated Oman 3-2 to lift the 25th Arabian Gulf Cup on Thursday. Reuters
  • Thousands of fans took to the streets after the match, waiving the Iraqi flag and dancing. AFP
    Thousands of fans took to the streets after the match, waiving the Iraqi flag and dancing. AFP
  • Outside the stadium and in Baghdad, fireworks lit up the night sky. AP
    Outside the stadium and in Baghdad, fireworks lit up the night sky. AP
  • The eight-team tournament kicked off on January 6. AP
    The eight-team tournament kicked off on January 6. AP
  • It brought together teams from Iraq, Yemen and the six GCC states — the UAE, Saudi Arabia, Kuwait, Bahrain, Oman and Qatar. AP
    It brought together teams from Iraq, Yemen and the six GCC states — the UAE, Saudi Arabia, Kuwait, Bahrain, Oman and Qatar. AP
  • Iraq was hosting the biennial regional competition for the first time in more than four decades. AP
    Iraq was hosting the biennial regional competition for the first time in more than four decades. AP
  • A youth waves an Iraqi flag while sitting on top of a moving vehicle in Baghdad during celebrations. AFP
    A youth waves an Iraqi flag while sitting on top of a moving vehicle in Baghdad during celebrations. AFP
  • Iraq fans cheer their team on as they watch the match. Reuters
    Iraq fans cheer their team on as they watch the match. Reuters
  • Iraqi national football team players lift the trophy as they celebrate at the stadium in Basra. AP
    Iraqi national football team players lift the trophy as they celebrate at the stadium in Basra. AP

Iraq lift the Arabian Gulf Cup with victory over Oman


Sinan Mahmoud
  • English
  • Arabic

At least two people died and more than 60 were injured after a crush at Iraq's Basra International Stadium hours before the Gulf Cup final in which Iraq were crowned champions.

The match went ahead despite Iraq's state news agency confirming one person had died and 60 were injured, while provincial health authorities said a young female doctor had also died.

Hamza Ahmed, 26, from Baghdad, died after being caught up in the incident, his brother Omar told The National. He had been in Basra since the start of the tournament. His brother, cousin and friend were injured.

The Arab Gulf Football Federation announced the match would go ahead as scheduled, and Iraq lifted the trophy with a 3-2 victory over Oman after extra time.

The host nation opened the scoring through midfielder Ibrahim Bayesh after 24 minutes. But 10 minutes into stoppage time Omani midfielder Salaah Al Yahyaei levelled from the penalty spot, sending the match into extra time.

Midfielder Amjad Attwan put Iraq ahead again after 116 minutes with a penalty. Three minutes later, Omani striker Omar Al Malki levelled again with a header.

Iraqi defender Manaf Younis scored the winning goal two minutes into added time.

Thousands of fans had walked to the 65,000-capacity stadium on Thursday morning before the match, with many prevented from entering.

A video posted on social media, apparently from the scene, showed fans crying for help as others were pushed along by the moving crowd.

Authorities later opened the gates of the stadium to relieve the pressure, allowing ticket holders to enter. Later they closed all gates but one, which was kept open for Omani fans.

They also opened nearby Al Minaa Stadium, which has a 30,000-seat capacity, for fans to watch the game on screens.

  • Iraqi football fans try to enter the Basra International Stadium, on Thursday. A stampede outside the stadium killed at least one person and injured several. AP
    Iraqi football fans try to enter the Basra International Stadium, on Thursday. A stampede outside the stadium killed at least one person and injured several. AP
  • An injured fan receives medical attention. Reuters
    An injured fan receives medical attention. Reuters
  • The stampede occurred outside the stadium as thousands of fans waited to watch the Arabian Gulf Cup final between Iraq and Oman. AP
    The stampede occurred outside the stadium as thousands of fans waited to watch the Arabian Gulf Cup final between Iraq and Oman. AP
  • Many of the fans had no tickets, authorities said.
    Many of the fans had no tickets, authorities said.
  • An injured football fan is carried into an emergency area at the stadium. AFP
    An injured football fan is carried into an emergency area at the stadium. AFP
  • Fans began arriving again in the afternoon as calm was restored, interior ministry spokesman Saad Maan was quoted as saying. AP
    Fans began arriving again in the afternoon as calm was restored, interior ministry spokesman Saad Maan was quoted as saying. AP
  • Injured football fans in an emergency area. AFP
    Injured football fans in an emergency area. AFP
  • Fans try to enter the stadium. AP
    Fans try to enter the stadium. AP
  • More than 60 were injured, officials said. AFP
    More than 60 were injured, officials said. AFP
  • Injured fans receiving treatment. AFP
    Injured fans receiving treatment. AFP
  • Fans attempt to enter the Basra International Stadium to watch the final. Reuters
    Fans attempt to enter the Basra International Stadium to watch the final. Reuters
  • Fans attempt to enter the ground to watch the final. Reuters
    Fans attempt to enter the ground to watch the final. Reuters
  • Fans attempt to enter the ground to watch the final. Reuters
    Fans attempt to enter the ground to watch the final. Reuters
  • Fans attempt to enter the ground to watch the final. Reuters
    Fans attempt to enter the ground to watch the final. Reuters
  • Iraq's supporters take their seats early in the day for the evening's final against Oman. AFP
    Iraq's supporters take their seats early in the day for the evening's final against Oman. AFP
  • Iraqi Prime Minister Mohammed Shia Al Sudani has travelled to Basra and met organisers to discuss the incident. AFP
    Iraqi Prime Minister Mohammed Shia Al Sudani has travelled to Basra and met organisers to discuss the incident. AFP
  • The Iraqi Interior Ministry is asking the public to celebrate in a 'civilised way', without celebratory gunfire. It has said it will arrest those who shoot into the air. AFP
    The Iraqi Interior Ministry is asking the public to celebrate in a 'civilised way', without celebratory gunfire. It has said it will arrest those who shoot into the air. AFP
  • Iraq beat Qatar 2-1 and Oman beat Bahrain 1-0 to set up the final match of the tournament. AFP
    Iraq beat Qatar 2-1 and Oman beat Bahrain 1-0 to set up the final match of the tournament. AFP

Calm soon returned to the area.

“After consultations with concerned parties in sultanate of Oman and to ensure the safety of the Omani citizens, and as a support to the brothers in the Republic of Iraq to make the final match a success, it has been decided to bring back fans who are still at Basra International Airport,” the Oman Football Federation said earlier.

It urged Omani fans still outside the stadium not to enter, but later it allowed fans to head to the stadium after securing their seats.

Meanwhile, Oman Air cancelled at least one flight to Basra.

The deadly incident came hours after the Governor of Basra, Asaad Al Eidani, called on fans not to gather outside the stadium, especially those without tickets.

“This could lead to a stampede and [the] perfect image of our country, hosting this event, could be tarnished only a few hours before the final ceremony,” Mr Al Eidani said late on Wednesday.

Hamza Ahmed, 26, from Baghdad, who died in the crush outside Basra International Stadium. Photo: Supplied
Hamza Ahmed, 26, from Baghdad, who died in the crush outside Basra International Stadium. Photo: Supplied

“We call upon you to abide to security forces guidelines to ensure the safety of the citizens,” he said, adding that dozens of big screens had been set up around the city for those without tickets.

Iraqi Prime Minister Mohammed Shia Al Sudani has travelled to Basra and met organisers to discuss the incident.

Mr Al Eidani warned fans that the Arab Gulf Cup Football Federation may be forced to move the match to another venue outside Iraq if measures were not taken to stop such incidents, prompting many of them to withdraw.

At the end of the match, Iraqi players hugged each other as they cried.

The fans shouted: "Long live Iraq" and "Oh Iraq, we are ready to sacrifice ourselves for you."

Outside the stadium and in Baghdad, fireworks lit up the sky while some shot into the air live ammunition despite warning from Iraqi Interior Ministry.

Thousands of fans poured on to the streets after the match, waiving Iraqi flag and dancing. Cars were honking in rhythmic succession as fans cheered: “Go, go the Lions of Mesopotamia.”

"That's not only a precious triumph, but a precious joy that we need so much and waited for a long time," Abbas Mohammed said, driving his car in a Baghdad street while hoisting the Iraqi flag.

"It's a bittersweet achievement," said Ali Yassir, standing near by.

"Unfortunately, the day started with a tragedy that made all of us sad. That trophy is for those who lost their lives or were wounded while trying to attend the match.

Mr Al Sudani congratulated the Iraq team.

“The cup is Iraqi,” he said. “We are proud of our lions.”

He also thanked those who were behind making the tournament a success.

The eight-team tournament kicked off on January 6, bringing together teams from Iraq, Yemen and the six Gulf Co-operation Council states — the UAE, Saudi Arabia, Kuwait, Bahrain, Oman and Qatar.

Iraq is hosting the biennial regional competition for the first time in more than four decades, after enduring wars, diplomatic isolation and instability after the 2003 US-led invasion that toppled Saddam Hussein.

Iraqis have celebrated the event as a triumph of sports diplomacy, part of continuing efforts to heal a political rift between their country and its Gulf neighbours, and recovery as a footballing nation.

They hoped hosting the event would turn a new page in the country's troubled history and represent a crucial step towards full national recovery, mainly by attracting sorely needed foreign investment.

Fifa banned Iraq from hosting international matches between 2003 and 2018, because of the poor security situation. It lifted the ban early last year.

Since late Wednesday, fans have flocked to Basra from other parts of Iraq, snarling traffic.

The local government in Basra announced an official holiday on Thursday in an attempt to clear the roads.

The Iraqi Interior Ministry is asking the public to celebrate in a “civilised way” and avoid celebratory gunfire. It has said it will arrest those who shoot into the air.

On Monday, Iraq beat Qatar 2-1 and hours later Oman beat Bahrain 1-0 to set up the final match of the tournament.

MATCH RESULT

Liverpool 4 Brighton and Hove Albion 0
Liverpool: 
Salah (26'), Lovren (40'), Solanke (53'), Robertson (85')    

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

CREW
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERajesh%20A%20Krishnan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ETabu%2C%20Kareena%20Kapoor%20Khan%2C%20Kriti%20Sanon%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.7%22%20Super%20Retina%20XDR%20OLED%2C%202796%20x%201290%2C%20460ppi%2C%20120Hz%2C%202000%20nits%20max%2C%20HDR%2C%20True%20Tone%2C%20P3%2C%20always-on%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20A17%20Pro%2C%206-core%20CPU%2C%206-core%20GPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20iOS%2017%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Triple%3A%2048MP%20main%20(f%2F1.78)%20%2B%2012MP%20ultra-wide%20(f%2F2.2)%20%2B%2012MP%205x%20telephoto%20(f%2F2.8)%3B%205x%20optical%20zoom%20in%2C%202x%20optical%20zoom%20out%3B%2010x%20optical%20zoom%20range%2C%20digital%20zoom%20up%20to%2025x%3B%20Photonic%20Engine%2C%20Deep%20Fusion%2C%20Smart%20HDR%204%2C%20Portrait%20Lighting%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2024%2F25%2F30%2F60fps%2C%20full-HD%20%40%2025%2F30%2F60fps%2C%20HD%20%40%2030fps%2C%20slo-mo%20%40%20120%2F240fps%2C%20ProRes%20(4K)%20%40%2060fps%3B%20night%2C%20time%20lapse%2C%20cinematic%2C%20action%20modes%3B%20Dolby%20Vision%2C%204K%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2012MP%20TrueDepth%20(f%2F1.9)%2C%20Photonic%20Engine%2C%20Deep%20Fusion%2C%20Smart%20HDR%204%2C%20Portrait%20Lighting%3B%20Animoji%2C%20Memoji%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2024%2F25%2F30%2F60fps%2C%20full-HD%20%40%2025%2F30%2F60fps%2C%20slo-mo%20%40%20120%2F240fps%2C%20ProRes%20(4K)%20%40%2030fps%3B%20night%2C%20time%20lapse%2C%20cinematic%2C%20action%20modes%3B%20Dolby%20Vision%2C%204K%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%204441mAh%2C%20up%20to%2029h%20video%2C%2025h%20streaming%20video%2C%2095h%20audio%3B%20fast%20charge%20to%2050%25%20in%2030min%20(with%20at%20least%2020W%20adaptor)%3B%20MagSafe%2C%20Qi%20wireless%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%2C%20Bluetooth%205.3%2C%20NFC%20(Apple%20Pay)%2C%20second-generation%20Ultra%20Wideband%20chip%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Face%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP68%2C%20water-resistant%20up%20to%206m%20up%20to%2030min%3B%20dust%2Fsplash-resistant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20Dual%20eSIM%20%2F%20eSIM%20%2B%20eSIM%20(US%20models%20use%20eSIMs%20only)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Black%20titanium%2C%20blue%20titanium%2C%20natural%20titanium%2C%20white%20titanium%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%20%3C%2Fstrong%3EiPhone%2015%20Pro%20Max%2C%20USB-C-to-USB-C%20woven%20cable%2C%20one%20Apple%20sticker%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Dh5%2C099%20%2F%20Dh5%2C949%20%2F%20Dh6%2C799%3C%2Fp%3E%0A
Gremio 1 Pachuca 0

Gremio Everton 95’

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 LOWDOWN

Romeo Akbar Walter

Rating: 2/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Robby Grewal
Cast: John Abraham, Mouni Roy, Jackie Shroff and Sikandar Kher 

AT%20A%20GLANCE
%3Cp%3E%3Cstrong%3EWindfall%3C%2Fstrong%3E%3Cbr%3EAn%20%E2%80%9Cenergy%20profits%20levy%E2%80%9D%20to%20raise%20about%20%C2%A35%20billion%20in%20a%20year.%20The%20temporary%20one-off%20tax%20will%20hit%20oil%20and%20gas%20firms%20by%2025%20per%20cent%20on%20extraordinary%20profits.%20An%2080%20per%20cent%20investment%20allowance%20should%20calm%20Conservative%20nerves%20that%20the%20move%20will%20dent%20North%20Sea%20firms%E2%80%99%20investment%20to%20save%20them%2091p%20for%20every%20%C2%A31%20they%20spend.%3Cbr%3E%3Cstrong%3EA%20universal%20grant%3C%2Fstrong%3E%3Cbr%3EEnergy%20bills%20discount%2C%20which%20was%20effectively%20a%20%C2%A3200%20loan%2C%20has%20doubled%20to%20a%20%C2%A3400%20discount%20on%20bills%20for%20all%20households%20from%20October%20that%20will%20not%20need%20to%20be%20paid%20back.%3Cbr%3E%3Cstrong%3ETargeted%20measures%3C%2Fstrong%3E%3Cbr%3EMore%20than%20eight%20million%20of%20the%20lowest%20income%20households%20will%20receive%20a%20%C2%A3650%20one-off%20payment.%20It%20will%20apply%20to%20households%20on%20Universal%20Credit%2C%20Tax%20Credits%2C%20Pension%20Credit%20and%20legacy%20benefits.%3Cbr%3ESeparate%20one-off%20payments%20of%20%C2%A3300%20will%20go%20to%20pensioners%20and%20%C2%A3150%20for%20those%20receiving%20disability%20benefits.%3C%2Fp%3E%0A
Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
RESULTS
%3Cp%3E%3Cstrong%3E5pm%3C%2Fstrong%3E%20Al%20Shamkha%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(Turf)%201%2C400m%3Cbr%3E%3Cstrong%3EWinner%3C%2Fstrong%3E%20Ruwani%2C%20Moatasem%20Al%20Balushi%20(jockey)%2C%20Abdallah%20Al%20Hammadi%20(trainer)%3Cbr%3E%3Cstrong%3E5.30pm%3C%2Fstrong%3E%3A%20Khalifa%20City%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C400m%3Cbr%3E%3Cstrong%3EWinner%20%3C%2Fstrong%3EAF%20Heraqle%2C%20Bernardo%20Pinheiro%2C%20Qaiss%20Aboud%3Cbr%3E%3Cstrong%3E6pm%3C%2Fstrong%3E%20Masdar%20City%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C600m%3Cbr%3E%3Cstrong%3EWinner%3C%2Fstrong%3E%20AF%20Yatwy%2C%20Patrick%20Cosgrave%2C%20Nisren%20Mahgoub%3Cbr%3E%3Cstrong%3E6.30pm%3C%2Fstrong%3E%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(T)%202%2C200m%3Cbr%3E%3Cstrong%3EWinner%3C%2Fstrong%3E%20AF%20Alzahi%2C%20Tadhg%20O%E2%80%99Shea%2C%20Ernst%20Oertel%3Cbr%3E%3Cstrong%3E7pm%3C%2Fstrong%3E%20Emirates%20Championship%20%E2%80%93%20Group%201%20(PA)%20Dh1%2C000%2C000%20(T)%202%2C200m%3Cbr%3E%3Cstrong%3EWinner%3C%2Fstrong%3E%20Ajrad%20Athbah%2C%20Bernardo%20Pinheiro%2C%20Majed%20Al%20Jahouri%3Cbr%3E%3Cstrong%3E7.30pm%3C%2Fstrong%3E%20Shakbout%20City%20%E2%80%93%20Handicap%20(TB)%20Dh80%2C000%20(T)%202%2C400m%3Cbr%3E%3Cstrong%3EWinner%3C%2Fstrong%3E%20Webinar%2C%20Tadhg%20O%E2%80%99Shea%2C%20Bhupat%20Seemar%3C%2Fp%3E%0A
Results

1. Mathieu van der Poel (NED) Alpecin-Fenix - 3:45:47

2. David Dekker (NED) Jumbo-Visma - same time

3. Michael Morkov (DEN) Deceuninck-QuickStep   

4. Emils Liepins (LAT) Trek-Segafredo

5. Elia Viviani (ITA) Cofidis

6. Tadej Pogacar (SLO UAE Team Emirates

7. Anthony Roux (FRA) Groupama-FDJ

8. Chris Harper (AUS) Jumbo-Visma - 0:00:03

9. Joao Almeida (POR) Deceuninck-QuickStep         

10. Fausto Masnada (ITA) Deceuninck-QuickStep

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WallyGPT%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2014%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESaeid%20and%20Sami%20Hejazi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%3Cbr%3E%3Cstrong%3EInvestment%20raised%3A%20%3C%2Fstrong%3E%247.1%20million%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2020%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%20round%3C%2Fp%3E%0A
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

Updated: January 20, 2023, 5:25 PM