Dubai Ruler Sheikh Mohammed bin Rashid.(EPA / SPA)
Dubai Ruler Sheikh Mohammed bin Rashid.(EPA / SPA)

A decade of remarkable leadership



National Editorial

On Monday we are proud to celebrate the 10th anniversary of the accession of Sheikh Mohammed bin Rashid as Ruler of Dubai. He is a remarkable leader not only nationally, but also regionally and globally.

Under Sheikh Mohammed, the emirate has developed rapidly and witnessed a sustained economic boom, despite the global economic crisis of 2008. He has helped position the emirate – and the nation at large – for the future by strengthening the non-oil economy. Construction, travel, tourism and retail; all have blossomed under his stewardship.

Sheikh Mohammed provides an inspiration for the young and old alike. He always aims to come first in everything he does, and he demands the best from his people. Last year, he encouraged citizens and residents to be more innovative and to think long-term. He has always wanted Dubai, and the UAE, to compete on a global level and to be active in international events. As Vice-President, Sheikh Mohammed helped establish and build the country's global reputation "for doing the seemingly impossible", as Khalaf Al Habtoor, the chairman of Al Habtoor Group, writes on our opinion pages today.

It is a tribute to the hard work of Sheikh Mohammed and everyone in Dubai that, today, the “brand” of Dubai and the UAE is strong and well-known. Across the Middle East, the UAE is consistently ranked as the place young Arabs wish to live and wish their countries to emulate. Across the world, the city and the country are places that people want to travel to, work in and build a life in. It is not an exaggeration to say that, under Sheikh Mohammed’s watch, Dubai has joined the ranks of London and New York as a city with name recognition.

Such remarkable development has come about because of a ­focus not only on tangible infrastructure, such as roads and buildings, but also on intangibles such as education, research and development. The city’s rapid rise over the past 10 years has put it on a solid footing, for now and for the future.

We join the President, Sheikh Khalifa, in congratulating this great leader “for all that you have offered the UAE, Arab and Islamic nations, and for the entire world”. We also know that Sheikh Mohammed will further surpass our expectations over the decades to come.

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

The specs

Engine: Single front-axle electric motor
Power: 218hp
Torque: 330Nm
Transmission: Single-speed automatic
Max touring range: 402km (claimed)
Price: From Dh215,000 (estimate)
On sale: September

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

More from Armen Sarkissian

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

The specs

Engine: 1.8-litre 4-cyl turbo
Power: 190hp at 5,200rpm
Torque: 320Nm from 1,800-5,000rpm
Transmission: Seven-speed dual-clutch auto
Fuel consumption: 6.7L/100km
Price: From Dh111,195
On sale: Now

COMPANY PROFILE

Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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
Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices