Tehran at dawn after several explosions were heard in the city on Saturday morning. AFP
Tehran at dawn after several explosions were heard in the city on Saturday morning. AFP
Tehran at dawn after several explosions were heard in the city on Saturday morning. AFP
Tehran at dawn after several explosions were heard in the city on Saturday morning. AFP

UAE strongly condemns Israeli strikes on Iran


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The UAE has strongly condemned Israel’s military strikes on Iran, and expressed its deep concern over the continued escalation and its repercussions on security and stability in the region.

Israel's military said it launched strikes on Tehran in retaliation for the missiles Iran fired on Israel earlier this month. Two Iranian soldiers were killed.

On Saturday, the UAE Ministry of Foreign Affairs stressed the importance of exercising maximum restraint to avoid risking the expansion of the conflict.

The Ministry reiterated that enhancing dialogue, adhering to international law, and respecting state sovereignty remain the ideal foundations for resolving the current crises. The Ministry also called for disputes to be resolved through diplomatic means.

Saudi Arabia on Saturday also condemned the attack and called it a "violation of sovereignty" and international law, the country’s state news agency reported.

Urging all parties to exercise maximum restraint, the kingdom called on the international community to take action towards de-escalation and ending conflicts in the region.

'Precise strikes'

Israel's military spokesman Rear Admiral Daniel Hagari said that "in response to months of continuous attacks from the regime in Iran” the Israeli military was "conducting precise strikes on military targets in Iran”.

"The regime in Iran and its proxies in the region have been relentlessly attacking Israel since October 7 – on seven fronts – including direct attacks from Iranian soil," he said.

This was the first time Israel's military openly attacked Iran, following Israel's Prime Minister Benjamin Netanyahu’s promise to hit back after Iran fired about 200 ballistic missiles at Israel on October 1.

After concluding the strikes, Israel warned Iran against responding. Iran is ready to retaliate, the semi-official Tasnim news agency reported.

Watch: Explosions heard over Tehran amid Israeli strikes

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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.

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

RESULT

Norway 1 Spain 1
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Spain: Niguez (47')

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