Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai, continues to impress the world with his outstanding achievements. One of his latest ideas was his call to induct a young minister – under 25 years old – into the cabinet. Other obvious topics that were discussed fervently included the Zika virus as well as the celebration of the Qasr Al Hosn festival.
Fresh idea
Sheikh Mohammed bin Rashid’s idea to nominate a young minister to join the cabinet not just impressed the UAE community, but it was widely discussed by twitteratti from across the Arab world. Sheikh Mohammed rightly said that “the youth have hopes and dreams, issues and challenges. They are the reason why societies prosper or fail. They are our hope for the future.”
@Dofreemind posted screenshots of Sheikh Mohammed’s tweets and commented that while graduates across the world are looking for employment prospects, @HHShkMohd seeks to appoint them as ministers. This explains why he is an “exceptional leader”.
Sheikh Mohammed has demonstrated a new level of creativity by planning to empower the youth, commented @AlghailaniA.
@Najla from Jordan thought this was an exceptional act, while @Precisereach commented: “exceptional leaders make exceptional decisions. This is what makes Dubai so special. It’s an initiative that ought to amaze the whole world.”
Reem @reem1almarzouqi considered it to be a “very bold move, which will boost my ambitions”. Having graduated last year, she wondered whether she could nominate herself.
@A3_93 said: “This is a great opportunity for the deserving person. Good luck to whoever will be worthy of this trust.”
Concern over Zika
The concern that the Zika virus has been causing among people across the world is apparent from some of the tweets.
@aswadalkarim was alarmed after UAE travellers had been issued warnings and urged to take precautions against mosquito bites.
Another tweet by @WHO_Europe_RHN that found multiple mentions was this one: “WHO urges European countries to contain the spread of Zika.”
Citing a case in Texas, @sbcrisis drew attention to the fact that the disease could be sexually transmitted.
@genekam7 wondered why it was so hard to develop a vaccine against Zika.
Dr Amy @fupebibo said that Zika, which had been first detected in Brazil in May, could have arrived in South America much earlier, while @pahowho noted that “only one in four people with #Zika infection develops symptoms”.
Joao @jra1851 questioned the ecological impact of the chemicals that are used to eliminate mosquitoes.
Meanwhile, @Arab_News shared a positive piece of information: an Indian company claims to have developed the world’s first Zika vaccine.
The Ministry of Health @UAEMOH sought to quell fears saying that the disease is not contagious and that mosquitoes carrying the virus do not exist in this country.
Focus on heritage
The Qasr Al Hosn Festival offers a glimpse of the old UAE, as many Twitter users noted.
@FranceEmirats encouraged people to join in the festivities to celebrate tradition.
@ShujaRabbani perhaps would have been happy if Dubai had organised a similar event. “Abu Dhabi seems to be so close to Dubai, yet so far away,” he commented.
Giving an update on the traffic situation, Lana @iwilleaturbrain wrote: “Everyone is getting off early today because of the traffic that’s gonna happen because of the festival.”
Not just the festival, but even the invitation card did not escape the attention of the twitterati. Noura @x —_Ns shared a short video of the musical invitation card.
“This is very creative; I wish I can work with this team. Love the idea of this card.”
skhamis@thenational.ae
On Twitter: @SarahKhamisUAE
The biog
Favourite film: Motorcycle Dairies, Monsieur Hulot’s Holiday, Kagemusha
Favourite book: One Hundred Years of Solitude
Holiday destination: Sri Lanka
First car: VW Golf
Proudest achievement: Building Robotics Labs at Khalifa University and King’s College London, Daughters
Driverless cars or drones: Driverless Cars
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
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.
Napoleon
%3Cp%3E%3Cstrong%3EDirector%3C%2Fstrong%3E%3A%20Ridley%20Scott%3Cbr%3E%3Cstrong%3EStars%3C%2Fstrong%3E%3A%20Joaquin%20Phoenix%2C%20Vanessa%20Kirby%2C%20Tahar%20Rahim%3Cbr%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%202%2F5%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
MATCH INFO
Uefa Champions League quarter-final second leg:
Juventus 1 Ajax 2
Ajax advance 3-2 on aggregate
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
The specs
Engine: four-litre V6 and 3.5-litre V6 twin-turbo
Transmission: six-speed and 10-speed
Power: 271 and 409 horsepower
Torque: 385 and 650Nm
Price: from Dh229,900 to Dh355,000