• Volunteers distribute iftar meals as part of the UAE Food Bank drive at Zabeel Park, Dubai. Pawan Singh / The National
    Volunteers distribute iftar meals as part of the UAE Food Bank drive at Zabeel Park, Dubai. Pawan Singh / The National
  • Food is distributed to workers under the 1,000 Meals campaign, part of the UAE Food Bank programme held at Zabeel Park. Pawan Singh / The National
    Food is distributed to workers under the 1,000 Meals campaign, part of the UAE Food Bank programme held at Zabeel Park. Pawan Singh / The National
  • A chef prepares a giant vat of biryani to be served up. Pawan Singh / The National
    A chef prepares a giant vat of biryani to be served up. Pawan Singh / The National
  • Iftar meals are served up and distributed to workers in Dubai. Pawan Singh / The National
    Iftar meals are served up and distributed to workers in Dubai. Pawan Singh / The National
  • Workers gather to break their fast with free iftar meals. Pawan Singh / The National
    Workers gather to break their fast with free iftar meals. Pawan Singh / The National
  • Fruit, bread and water are added each day to a fridge set up by the UAE Food Bank outside Lulu Village in Muhaisnah, Dubai. Victor Besa / The National
    Fruit, bread and water are added each day to a fridge set up by the UAE Food Bank outside Lulu Village in Muhaisnah, Dubai. Victor Besa / The National
  • The charitable drive aims to cut food waste while ensuring nobody goes hungry. Pawan Singh / The National
    The charitable drive aims to cut food waste while ensuring nobody goes hungry. Pawan Singh / The National
  • Boxes with biryani, laban, fruit and dates are placed for iftar at Zabeel Park in Dubai. Pawan Singh / The National
    Boxes with biryani, laban, fruit and dates are placed for iftar at Zabeel Park in Dubai. Pawan Singh / The National
  • The UAE Food Bank at Lulu Village, Muhaisnah 4 in Dubai. Victor Besa / The National
    The UAE Food Bank at Lulu Village, Muhaisnah 4 in Dubai. Victor Besa / The National
  • Supplies at the UAE Food Bank at Lulu Village. Victor Besa / The National
    Supplies at the UAE Food Bank at Lulu Village. Victor Besa / The National
  • The UAE Food Bank helps to distribute thousands of iftar meals during Ramadan. Victor Besa / The National
    The UAE Food Bank helps to distribute thousands of iftar meals during Ramadan. Victor Besa / The National
  • Maintenance workers pick up fruit from the food bank. Victor Besa / The National
    Maintenance workers pick up fruit from the food bank. Victor Besa / The National

‘A thousand blessings’: How the UAE Food Bank is a lifeline for people in need


Ramola Talwar Badam
  • English
  • Arabic

On a quiet Ramadan evening just before sunset, groups of workers are seated on rows of plastic sheets laid out across Dubai’s Zabeel Park as volunteers distribute steaming hot biryani.

“Our blessings go to the people who made this, a thousand dua [blessings] for them,” said Ahmed Hussain, a Bangladeshi car wash worker who takes on part-time delivery jobs at night.

The iftar meals are part of the UAE Food Bank's "One thousand meals” cooking programme, for which chefs cook rice, chicken strips and vegetables in enormous vats in the park and in Hatta every day during the holy month, as part of its goal to provide five million meals to those in need.

It is just one example of a wide-ranging initiative that brings together volunteers, chefs, hotels, farms, supermarkets, companies and charities.

In the summer when I’m very tired and hungry, this food is a blessing
Alam,
delivery rider from Pakistan

The organisations are part of a vast network set up and managed by the Food Bank that distributed 18 million meals last year and 70 million meals in the UAE and overseas since it was launched in 2017.

Volunteers collect surplus food such as vegetables, rice and meat that would otherwise be thrown away and work with charities to turn them into cooked meals.

These meals and food kits containing cooking oil, rice, lentils, dates and canned food are distributed around the year in workers’ accommodations.

Money saved will support families back home

When The National visited during iftar, men and women stood in a long line that snaked across the park’s green grass to receive boxes packed with biryani, laban, water and dates.

“Sometimes my salary is not enough, sometimes food is not enough. I must send money home for my wife and children when I get jobs,” said Ishan Khan, a gardener from Pakistan.

“In some places like Sonapur, they give food every day. When I don’t make money, this helps me.”

He was referring to similar queues that form in workers’ housing units in the Dubai districts of Muhaisnah, Sonapur and Al Quoz where food packets are distributed.

Iftar meals are distributed at Zabeel Park in Dubai as part of the UAE Food Bank's 'One thousand meals' programme. Pawan Singh / The National
Iftar meals are distributed at Zabeel Park in Dubai as part of the UAE Food Bank's 'One thousand meals' programme. Pawan Singh / The National

In the nearby workers’ building complex in Muhaisnah, some men and women waiting to receive hot rice, chicken and vegetables said the meals were their lifeline.

Several of the men have part-time jobs and some said they were in between jobs.

Others said they didn’t depend on the meals but that they helped them save money that would go to their families back home.

The workers usually earn between Dh1,000 and Dh2,500 and send home more than half of their earnings to provide for their family, pay for their children’s education and to settle loans.

“In the summer when I’m very tired and hungry, this food is a blessing,” said Alam, a delivery rider from Pakistan.

“We come here so our family lives well. We earn for our family. This country and these people will get our dua (blessings).”

The campaign to feed the needy steps up during Ramadan with the aim of saving excess food from being thrown away.

The UAE Food Bank saved more than 908,145kg of food from landfill during Ramadan last year.

This year during Ramadan, Sheikha Hind bint Maktoum, the wife of the Vice President and Ruler of Dubai, launched the campaign to provide five million meals to those in need.

Last year, more than five million meals were provided during Ramadan, far exceeding the bank's target of three million.

All year round

The bank works with charity groups to collect and preserve leftover food from more than 350 hotels and companies.

The programme is a key part of efforts to reduce food waste by 30 per cent by 2027.

“We deal with charities because they know which people need help, we send the food directly to the labour camps,” Manal Bin Yaroof, head of the executive team of the UAE Food Bank, told The National.

“We know that, unfortunately, waste increases during Ramadan and that’s why we focus our initiatives at this time.

“But it’s not only during Ramadan, food is given to labourers on a daily basis.”

Manal Bin Yaroof, head of the UAE Food Bank executive team, helps to prepare biryani for iftar. Pawan Singh / The National
Manal Bin Yaroof, head of the UAE Food Bank executive team, helps to prepare biryani for iftar. Pawan Singh / The National

About 40 per cent of food is wasted in the UAE, costing Dh6 billion each year, according to a survey released last year during Cop28 by the National Food Loss and Waste Initiative, Ne’ma, and the Behavioural Science Group.

The UAE Food Bank is also working with farms and recycling groups to turn waste scraps into compost that is distributed to farmers.

It runs awareness programmes in government departments, companies and schools to spread the word not to waste food.

The work has made an impact on the lives of senior officials, who share the message with friends and family.

“On a personal level it changed my lifestyle,” Ms Bin Yaroof said.

“It changed my behaviour towards food. We need to reduce food waste as families when we buy food.

“I tell people and make sure that my family buys an amount that is suitable for us.”

The non-profit charitable organisation is the first food bank in the county and was launched by the Mohammed bin Rashid Al Maktoum Global Initiatives.

The Dubai Municipality oversees safety, with regular monitoring of the food during transport, storage and distribution.

The bank also works with the Emirates Red Crescent and has delivered food to earthquake survivors in Syria and Turkey.

There are six food banks in the UAE where supplies are collected and distributed, in Dubai’s Al Quoz, Muhaisnah and Jebel and in Ras Al Khaimah, Ajman and Umm Al Quwain.

“We don’t take cooked meals from homes but deal with big restaurants and hotels who have a large quantity that can be reused,” Ms Bin Yaroof said.

“We partner with charities so meals and donated food on a daily basis goes to labour camps and also to the fridges.”

Stocking fridges

The food bank has set up hundreds of fridges across the country which companies and residents can stock with food for the needy.

Outside the Lulu Village supermarket in Muhaisnah, a fridge is stocked daily by the store with bread, fruit, dates, water and yoghurt.

Customers often add items to the shelves on their way out.

Mohammad, a restaurant worker from Egypt, particularly needed the food when he was between jobs.

Fresh fruit, bread, water, yoghurt and juice is added daily to a fridge set up by the UAE Food Bank at the Lulu Village, in Muhaisnah in Dubai. Victor Besa / The National
Fresh fruit, bread, water, yoghurt and juice is added daily to a fridge set up by the UAE Food Bank at the Lulu Village, in Muhaisnah in Dubai. Victor Besa / The National

“Life is expensive here but I get jobs and when I work I have enough to eat,” he said.

“I usually take fruit and laban from the fridge – that is too costly for me to buy. I have a wife and young children at home and my money must go to them.”

Maintenance workers set aside ladders and pails of paint to stop by the fridge to pick up water and juice.

Ahmed, a worker from India, said he did not rely on the fridge for daily food but that it supported him after a long shift.

“We are labourers and sometimes we have no money when we are hungry, this helps to feed us,” he said.

“My life has gone in feeding my family, for my children’s studies and when someone falls ill. This gives me food and juice I can’t afford.”

Companies have come to the table keen to be part of the project.

More than seven tonnes of potatoes, tomatoes, onions and capsicum from the David and Goliath farms in Ajman was donated towards the meals this year.

“I plan to do this every year – give vegetables and greens to those in need,” said Lal Bhatia, the farm’s founder, who volunteered to cook meals during Ramadan.

“When people look at Dubai and Abu Dhabi, they see the tall buildings and the best infrastructure.

“But who makes this? It’s these workers and this programme helps us focus on them.

“These are the guys who drive the engine and when we feed that engine, the UAE can only become better.”

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Without Remorse

Directed by: Stefano Sollima

Starring: Michael B Jordan

4/5

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

The specs
Engine: 2.0-litre turbo 4-cyl

Transmission: eight-speed auto

Power: 190bhp

Torque: 300Nm

Price: Dh169,900

On sale: now 

Ibrahim's play list

Completed an electrical diploma at the Adnoc Technical Institute

Works as a public relations officer with Adnoc

Apart from the piano, he plays the accordion, oud and guitar

His favourite composer is Johann Sebastian Bach

Also enjoys listening to Mozart

Likes all genres of music including Arabic music and jazz

Enjoys rock groups Scorpions and Metallica 

Other musicians he likes are Syrian-American pianist Malek Jandali and Lebanese oud player Rabih Abou Khalil

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EEjari%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%2C%20Saudi%20Arabia%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EYazeed%20Al%20Shamsi%2C%20Fahad%20Albedah%2C%20Mohammed%20Alkhelewy%20and%20Khalid%20Almunif%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EPropTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3E%241%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ESanabil%20500%20Mena%2C%20Hambro%20Perks'%20Oryx%20Fund%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E8%3C%2Fp%3E%0A
Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4-litre%20flat-six%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E525hp%20(GT3)%2C%20500hp%20(GT4)%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E465Nm%20(GT3)%2C%20450Nm%20(GT4)%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20automatic%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh944%2C000%20(GT3)%2C%20Dh581%2C700%20(GT4)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

Huddersfield Town permanent signings:

  • Steve Mounie (striker): signed from Montpellier for £11 million
  • Tom Ince (winger): signed from Derby County for £7.7m
  • Aaron Mooy (midfielder): signed from Manchester City for £7.7m
  • Laurent Depoitre (striker): signed from Porto for £3.4m
  • Scott Malone (defender): signed from Fulham for £3.3m
  • Zanka (defender): signed from Copenhagen for £2.3m
  • Elias Kachunga (winger): signed for Ingolstadt for £1.1m
  • Danny WIlliams (midfielder): signed from Reading on a free transfer
Where to submit a sample

Volunteers of all ages can submit DNA samples at centres across Abu Dhabi, including: Abu Dhabi National Exhibition Centre (Adnec), Biogenix Labs in Masdar City, NMC Royal Hospital in Khalifa City, NMC Royal Medical Centre, Abu Dhabi, NMC Royal Women's Hospital, Bareen International Hospital, Al Towayya in Al Ain, NMC Specialty Hospital, Al Ain

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

KEY%20DATES%20IN%20AMAZON'S%20HISTORY
%3Cp%3E%3Cstrong%3EJuly%205%2C%201994%3A%3C%2Fstrong%3E%20Jeff%20Bezos%20founds%20Cadabra%20Inc%2C%20which%20would%20later%20be%20renamed%20to%20Amazon.com%2C%20because%20his%20lawyer%20misheard%20the%20name%20as%20'cadaver'.%20In%20its%20earliest%20days%2C%20the%20bookstore%20operated%20out%20of%20a%20rented%20garage%20in%20Bellevue%2C%20Washington%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJuly%2016%2C%201995%3A%3C%2Fstrong%3E%20Amazon%20formally%20opens%20as%20an%20online%20bookseller.%20%3Cem%3EFluid%20Concepts%20and%20Creative%20Analogies%3A%20Computer%20Models%20of%20the%20Fundamental%20Mechanisms%20of%20Thought%3C%2Fem%3E%20becomes%20the%20first%20item%20sold%20on%20Amazon%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1997%3A%3C%2Fstrong%3E%20Amazon%20goes%20public%20at%20%2418%20a%20share%2C%20which%20has%20grown%20about%201%2C000%20per%20cent%20at%20present.%20Its%20highest%20closing%20price%20was%20%24197.85%20on%20June%2027%2C%202024%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1998%3A%3C%2Fstrong%3E%20Amazon%20acquires%20IMDb%2C%20its%20first%20major%20acquisition.%20It%20also%20starts%20selling%20CDs%20and%20DVDs%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2000%3A%3C%2Fstrong%3E%20Amazon%20Marketplace%20opens%2C%20allowing%20people%20to%20sell%20items%20on%20the%20website%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2002%3A%3C%2Fstrong%3E%20Amazon%20forms%20what%20would%20become%20Amazon%20Web%20Services%2C%20opening%20the%20Amazon.com%20platform%20to%20all%20developers.%20The%20cloud%20unit%20would%20follow%20in%202006%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2003%3A%3C%2Fstrong%3E%20Amazon%20turns%20in%20an%20annual%20profit%20of%20%2475%20million%2C%20the%20first%20time%20it%20ended%20a%20year%20in%20the%20black%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2005%3A%3C%2Fstrong%3E%20Amazon%20Prime%20is%20introduced%2C%20its%20first-ever%20subscription%20service%20that%20offered%20US%20customers%20free%20two-day%20shipping%20for%20%2479%20a%20year%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2006%3A%3C%2Fstrong%3E%20Amazon%20Unbox%20is%20unveiled%2C%20the%20company's%20video%20service%20that%20would%20later%20morph%20into%20Amazon%20Instant%20Video%20and%2C%20ultimately%2C%20Amazon%20Video%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2007%3A%3C%2Fstrong%3E%20Amazon's%20first%20hardware%20product%2C%20the%20Kindle%20e-reader%2C%20is%20introduced%3B%20the%20Fire%20TV%20and%20Fire%20Phone%20would%20come%20in%202014.%20Grocery%20service%20Amazon%20Fresh%20is%20also%20started%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2009%3A%3C%2Fstrong%3E%20Amazon%20introduces%20Amazon%20Basics%2C%20its%20in-house%20label%20for%20a%20variety%20of%20products%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2010%3A%3C%2Fstrong%3E%20The%20foundations%20for%20Amazon%20Studios%20were%20laid.%20Its%20first%20original%20streaming%20content%20debuted%20in%202013%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2011%3A%3C%2Fstrong%3E%20The%20Amazon%20Appstore%20for%20Google's%20Android%20is%20launched.%20It%20is%20still%20unavailable%20on%20Apple's%20iOS%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2014%3A%3C%2Fstrong%3E%20The%20Amazon%20Echo%20is%20launched%2C%20a%20speaker%20that%20acts%20as%20a%20personal%20digital%20assistant%20powered%20by%20Alexa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2017%3A%3C%2Fstrong%3E%20Amazon%20acquires%20Whole%20Foods%20for%20%2413.7%20billion%2C%20its%20biggest%20acquisition%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2018%3A%3C%2Fstrong%3E%20Amazon's%20market%20cap%20briefly%20crosses%20the%20%241%20trillion%20mark%2C%20making%20it%2C%20at%20the%20time%2C%20only%20the%20third%20company%20to%20achieve%20that%20milestone%3C%2Fp%3E%0A
Brief scores:

Liverpool 3

Mane 24', Shaqiri 73', 80'

Manchester United 1

Lingard 33'

Man of the Match: Fabinho (Liverpool)

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 worst thing you can eat'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines: 

Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.

Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.

Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.

Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

Family reunited

Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.

She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.

She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.

The couple were married in August 2009 in Winchester and their daughter was born in June 2014.

She was held in her native country a year later.

Hydrogen: Market potential

Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.

"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.

Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.

The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

COMPANY%20PROFILE
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The specs

Engine: 3.9-litre twin-turbo V8

Transmission: seven-speed

Power: 720hp

Torque: 770Nm

Price: Dh1,100,000

On sale: now

Updated: April 10, 2024, 6:54 AM