We might be 12,000 kilometres apart but the United Arab Emirates and Brazil have more in common than you might think.
Mention Brazil to any Emirati and there is one response you can always count on: football, Pele, Ronaldo – in short, the beautiful game. Emiratis love their football and there are many Brazilian footballers in our own Arabian Gulf League.
We very much admire the world-renowned champion Brazilian national team and you can bet that we will turn out in our thousands to watch them play when they visit Abu Dhabi next month for a friendly match against South Korea.
Sport is a great cross-cultural bridge that spans the 12,000km separating our countries, which is why it is on the list of memoranda of understanding signed in Abu Dhabi this week between Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Brazilian President Jair Bolsonaro. However, it is by no means the only link between our two nations, as the high-level nature of this week's delegation shows.
Brazil has always had a special place in the hearts of Emiratis. It was one of the first nations to recognise the UAE upon its formation in 1971. The values of tolerance, acceptance, interfaith engagement and the promotion of religious freedom further unite our two nations.
This year, we mark 45 years of diplomatic relations between our two countries. It is therefore fitting that we were able to host Mr Bolsonaro during his first visit to the Arab world.
Both nations play an important role as a gateway to their wider regions
Investment, trade and tourism have traditionally been the mainstays of our bilateral relationship, with two-way trade worth more than $2.5 billion, and more than 60,000 visits by Brazilian nationals to the UAE each year. The UAE also hosts the largest community of Brazilians in the Gulf, with some 10,000 calling the Emirates home.
Both nations play an important role as a gateway to their wider regions; for Brazil, the UAE serves as the entry point to the Gulf for its agricultural products. Food security is a key issue for the UAE and we see Brazil as a solid, reliable partner.
Likewise, Rio de Janeiro and Sao Paulo are the UAE’s gateway to South America, with sizeable levels of investment – estimated at $1 trillion USD – across industries such as renewable energy, medicine, defence and infrastructure, with diversified agriculture and livestock investments also on the horizon. It was promising to see nearly 200 business people attend the recent Brazil-UAE Business Forum in Abu Dhabi to exchange contacts, expertise and ideas.
Doing business will always be important but relations between our countries are now deeper than this and ready to move to the next level. That is why our leaders have agreed to elevate bilateral relations to that of a strategic partnership, which includes peace and security as well as economics, energy, tourism, culture and, of course, sport.
Safeguarding regional and international security through multilateral partnerships is very important to the UAE. This week, both leaders reiterated their commitment to fighting transnational crime and terrorism and establishing military attache offices in both our respective nations’ capitals, in an important step forward in deepening joint security co-operation.
We want to seize the opportunity provided by this firming of ties to further leverage our relationship by pushing into fields such as the environment, science and technology, and even artificial intelligence. Building a knowledge-based economy and adopting modern technologies are an essential part of the UAE’s future government vision and Brazil can play a key role in this advancement.
Earlier this month, the UAE announced that recruitment has begun for the world’s very first university dedicated to artificial intelligence: the Mohamed bin Zayed University of Artificial Intelligence, or MBZUAI, which will open for students from around the world in September 2020.
I very much hope to see students from Brazil making up part of this multinational cadre of young talent to further reinforce the exchange of ideas between our countries.
It is our hope that the UAE’s relationship with Brazil continues to grow in coming years. As Brazil is our gateway to South America, so too do our doors remain open to Brazilians, whose contributions to economic development and commitment to cultural exchange make our nation’s fabric stronger.
Hafsa Al Ulama is the UAE's ambassador to Brazil
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
'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.
COMPANY%20PROFILE
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Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
RESULTS
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PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Is it worth it? We put cheesecake frap to the test.
The verdict from the nutritionists is damning. But does a cheesecake frappuccino taste good enough to merit the indulgence?
My advice is to only go there if you have unusually sweet tooth. I like my puddings, but this was a bit much even for me. The first hit is a winner, but it's downhill, slowly, from there. Each sip is a little less satisfying than the last, and maybe it was just all that sugar, but it isn't long before the rush is replaced by a creeping remorse. And half of the thing is still left.
The caramel version is far superior to the blueberry, too. If someone put a full caramel cheesecake through a liquidiser and scooped out the contents, it would probably taste something like this. Blueberry, on the other hand, has more of an artificial taste. It's like someone has tried to invent this drink in a lab, and while early results were promising, they're still in the testing phase. It isn't terrible, but something isn't quite right either.
So if you want an experience, go for a small, and opt for the caramel. But if you want a cheesecake, it's probably more satisfying, and not quite as unhealthy, to just order the real thing.
ARABIAN GULF LEAGUE FIXTURES
Thursday, September 21
Al Dahfra v Sharjah (kick-off 5.35pm)
Al Wasl v Emirates (8.30pm)
Friday, September 22
Dibba v Al Jazira (5.25pm)
Al Nasr v Al Wahda (8.30pm)
Saturday, September 23
Hatta v Al Ain (5.25pm)
Ajman v Shabab Al Ahli (8.30pm)