Rescuers search for survivors and bodies of victims in the rubble of buildings destroyed by Israel's bombardment of Khan Yunis, southern Gaza, on October 26. AFP
Rescuers search for survivors and bodies of victims in the rubble of buildings destroyed by Israel's bombardment of Khan Yunis, southern Gaza, on October 26. AFP
Rescuers search for survivors and bodies of victims in the rubble of buildings destroyed by Israel's bombardment of Khan Yunis, southern Gaza, on October 26. AFP
Rescuers search for survivors and bodies of victims in the rubble of buildings destroyed by Israel's bombardment of Khan Yunis, southern Gaza, on October 26. AFP

Three weeks on, Israel-Gaza war has brought unprecedented death and destruction


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Live updates: Follow the latest news on Israel-Gaza

The Israel-Gaza war enters its fourth week on Saturday, with no end in sight despite calls for an immediate ceasefire and a seemingly imminent Israeli ground invasion of the coastal enclave.

The scale of death and destruction in such a short period is unparalleled in the decades-long history of the Palestinian-Israeli conflict. In only three weeks, about 9,000 people have been killed, including 1,400 people in Israel and at least 7,000 Palestinians.

Gaza’s Ministry of Health data shows almost continual spikes in deaths amid heavy bombing in one of the world’s most densely populated areas.

For context, about 14,000 people in total were killed in the broader Palestinian-Israeli conflict between 1987 and 2021. In the major war of 2014, in which Israeli forces launched a ground attack in Gaza that lasted 50 days, 2,000 people died.

Smoke rises following Israeli tank shelling to the east of Gaza city. EPA
Smoke rises following Israeli tank shelling to the east of Gaza city. EPA

The war began with Hamas launching a deadly attack into southern Israel on October 7, killing more than 1,000 civilians and 300 soldiers, and taking at least 200 Israeli and foreign citizens hostage.

Israeli forces retaliated by imposing a total siege on Gaza and have bombarded the Gaza Strip every day since.

The world is now bracing for an Israeli ground invasion of Gaza and potential escalation across the region.

Here is a breakdown of what you need to know, three weeks on.

Gaza ground invasion fears

Israel’s assault began on the evening of October 7 with massive retaliatory air strikes in Gaza, hitting Hamas rocket positions but also dropping massive bomb loads in built-up urban areas.

Israel’s Air Force said it had dropped 6,000 bombs in the first five days of the war – close to the number of bombs dropped by the US in Afghanistan in all of 2019, which was a record for that conflict.

Palestinian casualties soared while Israeli and Hamas spokesmen blamed each side for the deaths. Particularly contentious was a strike at Al Ahli hospital thought to have killed up to 500 people on October 17, which drew widespread international outrage.

Hamas said the strike was caused by an Israeli missile, with several governments across the Middle East as well as some further afield strongly condemning Israel for it.

The US, UK and France later said they had determined the cause of the blast to be a failed rocket belonging to Hamas or an allied group, backing Israel’s version of events.

Whoever was to blame for the strike, civilians in Gaza are dying in the hundreds every day as Israel’s bombardment continues.

Israel however, says its strikes are taking a heavy toll on Hamas, with Israeli Defence Minister Yoav Gallant saying on October 26 that five senior Hamas commanders had been killed.

Israel was said by analysts to be engaged in “shaping operations” against Hamas defences, knocking the group off balance by killing commanders ahead of a full-scale ground invasion.

Israeli soldiers in their Merkava tank during manoeuvres at an undisclosed location along the border with Lebanon. EPA
Israeli soldiers in their Merkava tank during manoeuvres at an undisclosed location along the border with Lebanon. EPA

Israel has amassed about 300,000 soldiers in southern Israel. Based on a 2019 study of the Israeli army, about 60 per cent would be available for combat, or roughly 180,000, with the rest in supporting roles, a ratio military experts call “tooth to tail”.

Facing them are about 30,000 Hamas militants and their allies, who have heavily fortified parts of Gaza and built a tunnel complex network by some estimates 500 kilometres long, sometimes called the “Gaza metro.”

Experts fear it could take months of heavy fighting, with massive casualties on all sides, for the Israelis to kill or capture most of the militants, who can use the tunnels to hide and re-emerge elsewhere on the battlefield.

Complicating this effort for the Israelis will be the presence of about 230 hostages – half of whom are Israeli – taken by Hamas.

Israel is receiving military advice both on the urban battle from senior US commanders, but is also working with foreign militaries on the prospect of a hostage rescue.

Humanitarian disaster

In Gaza, the situation quickly deteriorated after October 7 when Israel imposed a complete blockade.

The UN said its humanitarian operations are now almost impossible due to the small amounts of aid that have made it across the Rafah crossing on the Egyptian border in convoys of fewer than 20 lorries per day, starting on October 21. Israel has demanded that all lorries be inspected before entry.

The UN said at least 100 lorries carrying aid would be needed per day.

Palestinians at a shelter for displaced families mainly from the north of the Gaza Strip at a UN-run school in Rafah. AFP
Palestinians at a shelter for displaced families mainly from the north of the Gaza Strip at a UN-run school in Rafah. AFP

Aid operations have also been jeopardised by the deaths of 57 staff members during the bombardments.

Excavators to rescue those trapped under rubble are difficult to come by, and as diesel and fuel run out, 12 hospitals and 32 primary healthcare units have gone out of service either because of a lack of resources or destruction by air strikes.

Gaza’s Health Ministry says about 1,700 people are still missing, including 940 children, feared trapped under rubble.

At least 688 families have lost members and more than one million people out of the Gaza Strip’s population of 2.3 million have been displaced.

Most of the major bakeries have shut down, with those that remain relying on fuel being distributed by UNRWA, the UN's agency for Palestinian refugees, which has said it is having to make a choice between supplying hospitals to keep incubators running or bakeries to feed a lucky few.

Even UN schools have turned into shelters housing hundreds of thousands and have also been affected by air strikes. Other people have refused to leave their homes, some for a second time after being displaced in 1948.

“We are dead either way,” one person said.

Fear of wider regional war

The conflict has not escalated into a major regional war, but tension is high.

Iran and its allied groups in Lebanon, Syria and Yemen have threatened to attack Israel if it continues to bombard Gaza, while the US has moved forces to the region – including two powerful aircraft carrier strike groups.

Washington has warned Tehran it will defend its ally Israel.

The Israel-Lebanon border is a key flashpoint. Dozens have been killed in cross-border fire between Israeli forces and Iran-backed Hezbollah since October 7.

The fighting has been limited to skirmishes and has so far avoided a repeat of the full-blown 2006 Israel-Hezbollah war, but many in Lebanon are preparing for the worst.

Elsewhere, Israel and the US have struck Syria, taking out major airports and hitting Iran-linked sites. US troops have come under attack by Iran-backed groups in both Syria and neighbouring Iraq.

The Iran-allied Houthi rebel group has also attempted to hit Israel with long-range missiles launched from Yemen.

Despite fiery statements from Iranian officials threatening escalation, experts suggest that Tehran does not want a major war.

“Almost all governments across the region are in a consensus that they would like to contain this conflict. At this stage, I even think that it seems like Iran is in that consensus, too,” said Dr Tobias Borck, an expert on Middle East security at the Royal United Services Institute.

However, he said Hezbollah and the Houthis are not “sitting by the phone waiting for Tehran to ring to tell them what to do”.

“We could see an escalation, for example, from Hezbollah without Tehran wanting Hezbollah to escalate. That is possible,” he said.

“If Hezbollah comes to the conclusion that it has to act in order to retain its legitimacy within its specific context then it will, regardless of what Tehran says.”

Hamas’s hostages

Negotiation efforts are ongoing to free more hostages: four have already been released, including two elderly Israelis freed by Hamas on humanitarian grounds, but the fate of the rest is uncertain.

Israeli citizen Yocheved Lifshitz, 85, who was freed on October 23, said the hostages were being treated well and were being held in a “spider’s web” of tunnels.

Talks so far have involved Qatar, confirmed by Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, and Turkey. Qatar has long been an interlocutor between Hamas and the wider world, also paying salaries for Gaza’s public sector workers prior to the complete October 7 siege.

In a nod to Doha’s hostage talks, Israel's National Security Adviser Tzachi Hanegbi thanked Qatar for being “an essential party and stakeholder in the facilitation of humanitarian solutions”.

If talks break down – Hamas has made various demands including an Israeli ceasefire, an end to the siege and the release of prisoners in Israel – a rescue operation will be complicated by the tunnel complexes.

Israel could face an operation more difficult than its most well-known rescue effort, the 1976 Entebbe raid in Uganda, when Israeli commandos freed about 248 hostages taken on a plane hijacked by the Popular Front for Liberation of Palestine.

TECH%20SPECS%3A%20APPLE%20IPHONE%2014%20PLUS
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PREMIER LEAGUE TABLE

1 Man City    26   20   3   3   63   17   63 

2 Liverpool   25   17   6   2   64   20    57 

3 Chelsea      25   14   8  3   49   18    50 

4 Man Utd    26   13   7  6   44   34    46 

----------------------------------------

5 West Ham   26   12   6   8   45   34    42 

----------------------------------------

6 Arsenal      23  13   3   7   36   26   42 

7 Wolves       24  12   4   8   23   18   40 

8 Tottenham  23  12   4   8   31   31   39  

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

EA Sports FC 25

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: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

No more lice

Defining head lice

Pediculus humanus capitis are tiny wingless insects that feed on blood from the human scalp. The adult head louse is up to 3mm long, has six legs, and is tan to greyish-white in colour. The female lives up to four weeks and, once mature, can lay up to 10 eggs per day. These tiny nits firmly attach to the base of the hair shaft, get incubated by body heat and hatch in eight days or so.

Identifying lice

Lice can be identified by itching or a tickling sensation of something moving within the hair. One can confirm that a person has lice by looking closely through the hair and scalp for nits, nymphs or lice. Head lice are most frequently located behind the ears and near the neckline.

Treating lice at home

Head lice must be treated as soon as they are spotted. Start by checking everyone in the family for them, then follow these steps. Remove and wash all clothing and bedding with hot water. Apply medicine according to the label instructions. If some live lice are still found eight to 12 hours after treatment, but are moving more slowly than before, do not re-treat. Comb dead and remaining live lice out of the hair using a fine-toothed comb.
After the initial treatment, check for, comb and remove nits and lice from hair every two to three days. Soak combs and brushes in hot water for 10 minutes.Vacuum the floor and furniture, particularly where the infested person sat or lay.

Courtesy Dr Vishal Rajmal Mehta, specialist paediatrics, RAK Hospital

The Matrix Resurrections

Director: Lana Wachowski

Stars:  Keanu Reeves, Carrie-Anne Moss, Jessica Henwick 

Rating:****

Australia squads

ODI: Tim Paine (capt), Aaron Finch (vice-capt), Ashton Agar, Alex Carey, Josh Hazlewood, Travis Head, Nathan Lyon, Glenn Maxwell, Shaun Marsh, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Andrew Tye.

T20: Aaron Finch (capt), Alex Carey (vice-capt), Ashton Agar, Travis Head, Nic Maddinson, Glenn Maxwell, Jhye Richardson, Kane Richardson, D’Arcy Short, Billy Stanlake, Marcus Stoinis, Mitchell Swepson, Andrew Tye, Jack Wildermuth.

The specs: 2018 Mitsubishi Eclipse Cross

Price, base / as tested: Dh101,140 / Dh113,800


Engine: Turbocharged 1.5-litre four-cylinder


Power: 148hp @ 5,500rpm


Torque: 250Nm @ 2,000rpm


Transmission: Eight-speed CVT


Fuel consumption, combined: 7.0L / 100km

MATCH INFO

Tottenham Hotspur 1
Kane (50')

Newcastle United 0

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

The%20Crown%20season%205
%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EImelda%20Staunton%2C%20Jonathan%20Pryce%2C%20Lesley%20Manville%2C%20Jonny%20Lee%20Miller%2C%20Dominic%20West%2C%20Elizabeth%20Debicki%2C%20Salim%20Daw%20and%20Khalid%20Abdalla%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWritten%20by%3A%20%3C%2Fstrong%3EPeter%20Morgan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%20stars%3C%2Fp%3E%0A
German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar

INDIA'S%20TOP%20INFLUENCERS
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

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

The Sand Castle

Director: Matty Brown

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

Rating: 2.5/5

The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
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

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

The specs: 2018 Audi RS5

Price, base: Dh359,200

Engine: 2.9L twin-turbo V6

Transmission: Eight-speed automatic

Power: 450hp at 5,700rpm

Torque: 600Nm at 1,900rpm

Fuel economy, combined: 8.7L / 100km

The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press

HOW%20TO%20ACTIVATE%20THE%20GEMINI%20SHORTCUT%20ON%20CHROME%20CANARY
%3Cp%3E1.%20Go%20to%20%3Cstrong%3Echrome%3A%2F%2Fflags%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E2.%20Find%20and%20enable%20%3Cstrong%3EExpansion%20pack%20for%20the%20Site%20Search%20starter%20pack%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E3.%20Restart%20Chrome%20Canary%3C%2Fp%3E%0A%3Cp%3E4.%20Go%20to%20%3Cstrong%3Echrome%3A%2F%2Fsettings%2FsearchEngines%3C%2Fstrong%3E%20in%20the%20address%20bar%20and%20find%20the%20%3Cstrong%3EChat%20with%20Gemini%3C%2Fstrong%3E%20shortcut%20under%20%3Cstrong%3ESite%20Search%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E5.%20Open%20a%20new%20tab%20and%20type%20%40%20to%20see%20the%20Chat%20with%20Gemini%20shortcut%20along%20with%20other%20Omnibox%20shortcuts%20to%20search%20tabs%2C%20history%20and%20bookmarks%3C%2Fp%3E%0A
AUSTRALIA SQUAD

Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle

Meydan race card

6pm Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m 

6.35Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m
1,800m 

7.10pm Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m ,400m 

7.45pm Al Rashidiya – Group 2 (TB)  $180,000  (T) 1,800m 

8.20pm Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

8.55pm Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

9.30pm Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m  

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
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.

Updated: October 28, 2023, 8:46 AM