Children who were injured during an Israeli siege on Jabalia refugee camp await treatment at a hospital in Gaza city. AFP
Children who were injured during an Israeli siege on Jabalia refugee camp await treatment at a hospital in Gaza city. AFP
Children who were injured during an Israeli siege on Jabalia refugee camp await treatment at a hospital in Gaza city. AFP
Children who were injured during an Israeli siege on Jabalia refugee camp await treatment at a hospital in Gaza city. AFP


Give them a childhood free of the scars of war


The National
  • English
  • Arabic

October 25, 2024

With reference to Salam Al Amir's report Palestinian student dedicates Arab Reading Challenge win to ‘children of Gaza’ (23 October): The teenager Salsabil Sawalha from Hebron who won spoke of a very sad reality. She talked of it being “heartbreaking not to know when death will come for you, to turn you from a person full of dreams and ambitions into just another number added to the death toll”. Her words depict the extent of the tragedy in Gaza. Children should not have to think of these things and should be allowed carefree, happy days.

It is regrettable that a ceasefire has still not been reached and the next generation has to bear such trauma.

The remarkable initiative "Arab Reading Challenge" is working to uplift gifted children by teaching them a range of skills and abilities that will help increase their general knowledge and help them navigate a difficult world.

Ramachandran Nair, Kerala, India

The UAE's floating hospital in Egypt

In reference to The National's report UAE's floating hospital opens physiotherapy department to treat wounded Gazans (October 20): This is a great initiative and it's a relief to hear about the 2,400 Gazans who have been treated in the first five months of operation. Very sincere work by the UAE. The Palestinians will be forever grateful to the UAE.

Roger Sutton, Sydney, Australia

Ireland's stand against illegal settlements

With regard to Sunniva Rose's piece Ireland set to ban imports from illegal Israeli settlements (October 22): I am just so proud to be Irish.

Tara Sillery, Dubai

Irish people suffered for centuries from British colonialism. They know how other people in the world would eel under the occupation of Israel.

Mohammed AlMuhairi, Abu Dhabi

Keir Starmer needs to take similar action in the UK. Israel's settlements on the West Bank are illegal and it's a shame that not more countries have implemented this.

Rachel Greenhalgh, Cambridge, UK

This step should be customary across Europe. Well done to Ireland to become the first EU nation to ban imports of products from illegal Israeli settlements.

Wally Rashid, Abu Dhabi

Macron's display of leadership

With regard to The National's social media post on Israel taking legal action against French President over military trade show ban (October 21): It takes strength and courage for a leader to stand up for what is right and a true leader must do it. Macron has acted like one.

Lili Berry, Sharjah

Good for Macron. It's time all the European leaders, UK leaders and the US stop providing arms to Israel and put an end to the senseless killings.

Susan B, Abu Dhabi

How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Ordinary Virtues: Moral Order in a Divided World by Michael Ignatieff
Harvard University Press

Points tally

1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3

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UAE currency: the story behind the money in your pockets
Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa

Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia

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'Moonshot'

Director: Chris Winterbauer

Stars: Lana Condor and Cole Sprouse 

Rating: 3/5

'Midnights'
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The specs

Engine: 3.8-litre twin-turbo V8

Power: 611bhp

Torque: 620Nm

Transmission: seven-speed automatic

Price: upon application

On sale: now

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Ant-Man%20and%20the%20Wasp%3A%20Quantumania
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Updated: October 25, 2024, 3:00 AM