A reader says sacking a taxi driver for committing an offence is not a viable solution. Srijita Chattopadhyay / The National
A reader says sacking a taxi driver for committing an offence is not a viable solution. Srijita Chattopadhyay / The National

Firing taxi drivers is not the solution



I was drawn to your article Up to 150 cabbies a month fired over signals (August 28). Let me clarify that I am not against disciplining taxi drivers by way of fining them or probably withholding their driving licences if they repeatedly commit the same offence. But I personally feel that firing a driver or depriving him of his livelihood is a bit harsh. It is also not an economically sustainable solution for the authorities or the employers given the costs involved in training, arranging for visas and other recruitment costs.

Sometimes I feel that because of heavy traffic during rush hours, demanding customers and other reasons, taxi drivers generally tend to jump the signal. Yet, they cannot be excused, and I am against those who wilfully break the law.

But in smart cities like Abu Dhabi, Dubai and Sharjah why can’t the traffic authorities install countdown metres at every signal? They will certainly prevent drivers from jumping signals.

This system can help avert accidents and lead to better traffic management.

Sandeep Das, Abu Dhabi

It’s not always easy to plan for your retirement

Harvey Jones' article How much do UAE expats need to save for retirement? (August 30) was interesting and useful. However, I would like to add that while saving for your future you have to take inflation into account.

Today you might think that a saving of around $850,000 will see you through the rest of your life. But by the time you retire, the worth of that amount will be much lower, and the amount may not be sufficient for even half the period you had calculated.

In many countries there are good pension schemes. But in other countries where there is no such scheme or where they are less beneficial than keeping money in the bank, the best thing is to invest in immovable properties. Even then there is no escape from tension and that is a dreadful feeling. That’s why so many expats never want to return home.

Fahim Akhtar, Abu Dhabi

Give up smoking and save lives

With regard to your story Tobacco law has little impact on shisha business in Ajman (Sept 2), smoking is dangerous not just for the smokers but those who breathe in the smoke.

You wouldn’t leave your family in a room with a smouldering chair, so why would anyone allow their family, their loved ones, to be in a cafe with lots of smokers? It causes so many illnesses. There is no point in opening a window, because smoke is pervasive and insidious. YouTube probably has the evidence somewhere on it, showing how smoke pervades everything. Please give up smoking.

Jen Bishop, Abu Dhabi

Why is falafel so expensive?

They filled a gap in the market (Just Falafel chief executive Fadi Malas resigns, August 20). I remember a few years ago when they just opened an outlet in Al Barsha, I predicted they would really do well. And they have done. They have grown really fast.

Sajjad H Rizvi, Dubai

Could Mohammed Bitar, the founder and managing director of Just Falafel, explain why felafel, one of the cheapest foods on Earth, is more expensive than McDonald’s or Burger King items? Why should anyone support expensive food prepared from cheap ingredients?

Nawaf Abu Ghazaleh, Abu Dhabi

Know the truth about insurance

The story about the uninsured Indian man is sad (Abu Dhabi hospital bill mounts for uninsured Indian man, September 1). But have you asked how much his previous insurance would have paid on the total Dh600,000 bill? I always wondered if the "basic coverage" that has a Dh50,000 limit would ever be revealed as a kind of "false insurance".

This is true in the US as well, because the United States doesn’t have “universal health care” – they pay fee-for-service – and most people are under the illusion that they are protected. But when a disaster strikes, the truth is revealed that the insurance has a limit. And the insurance companies maintain their 10 per cent cut of the health care pie. They keep raising their premiums to maintain it and doing all they can to deny or disallow payments to providers.

However, in Taiwan, South Korea and even France, people are always covered, especially between jobs, and the cost of administering the payment process fairly is less than five per cent. In the US, the cost of overheads is more than 30 per cent now.

George Swan, Abu Dhabi

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Racecard:

6.30pm: Mazrat Al Ruwayah (PA) | Group 2 | US$55,000 (Dirt) | 1,600 metres

7.05pm: Meydan Sprint (TB) | Group 2 | $250,000 (Turf) | 1,000m

7.40pm: Firebreak Stakes | Group 3 | $200,000 (D) | 1,600m

8.15pm: Meydan Trophy | Conditions (TB) | $100,000 (T) | 1,900m

8.50pm: Balanchine | Group 2 (TB) | $250,000 (T) | 1,800m

9.25pm: Handicap (TB) | $135,000 (D) | 1,200m

10pm: Handicap (TB) | $175,000 (T) | 2,410m.

Company%20profile
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The%20specs
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COMPANY%20PROFILE
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Voices: How A Great Singer Can Change Your Life
Nick Coleman
Jonathan Cape

About Seez

Company name/date started: Seez, set up in September 2015 and the app was released in August 2017  

Founder/CEO name(s): Tarek Kabrit, co-founder and chief executive, and Andrew Kabrit, co-founder and chief operating officer

Based in: Dubai, with operations also in Kuwait, Saudi Arabia and Lebanon 

Sector:  Search engine for car buying, selling and leasing

Size: (employees/revenue): 11; undisclosed

Stage of funding: $1.8 million in seed funding; followed by another $1.5m bridge round - in the process of closing Series A 

Investors: Wamda Capital, B&Y and Phoenician Funds 

ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

Miguel Cotto world titles:

WBO Light Welterweight champion - 2004-06
WBA Welterweight champion – 2006-08
WBO Welterweight champion – Feb 2009-Nov 2009
WBA Light Middleweight champion – 2010-12
WBC Middleweight champion – 2014-15
WBO Light Middleweight champion – Aug 2017-Dec 2017

COMPANY%20PROFILE
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The biog

Birthday: February 22, 1956

Born: Madahha near Chittagong, Bangladesh

Arrived in UAE: 1978

Exercise: At least one hour a day on the Corniche, from 5.30-6am and 7pm to 8pm.

Favourite place in Abu Dhabi? “Everywhere. Wherever you go, you can relax.”

The biog

Simon Nadim has completed 7,000 dives. 

The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast. 

As a child, he loved the documentaries of Jacques Cousteau

He also led a team that discovered the long-lost portion of the Ines oil tanker. 

If you are interested in diving, he runs the XR Hub Dive Centre in Fujairah

 

COMPANY%20PROFILE
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What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

MATCH INFO

Mainz 0

RB Leipzig 5 (Werner 11', 48', 75', Poulsen 23', Sabitzer 36')

Man of the Match: Timo Werner (RB Leipzig)

Company%20Profile
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COMPANY%20PROFILE
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Company%20profile
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Bawaal%20
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UAE v IRELAND

All matches start at 10am, and will be played in Abu Dhabi

1st ODI, Friday, January 8

2nd ODI, Sunday, January 10

3rd ODI, Tuesday, January 12

4th ODI, Thursday, January 14

The specs

Engine: 2.2-litre, turbodiesel

Transmission: 6-speed auto

Power: 160hp

Torque: 385Nm

Price: Dh116,900

On sale: now

How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
THE POPE'S ITINERARY

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport

Dubai World Cup Carnival card:

6.30pm: Handicap (Turf) | US$175,000 2,410 metres

7.05pm: UAE 1000 Guineas Trial Conditions (Dirt) $100,000 1,400m

7.40pm: Handicap (T) $145,000 1,000m

8.15pm: Dubawi Stakes Group 3 (D) $200,000 1,200m

8.50pm: Singspiel Stakes Group 3 (T) $200,000 1,800m

9.25pm: Handicap (T) | $175,000 1,400m

How to help

Donate towards food and a flight by transferring money to this registered charity's account.

Account name: Dar Al Ber Society

Account Number: 11 530 734

IBAN: AE 9805 000 000 000 11 530 734

Bank Name: Abu Dhabi Islamic Bank

To ensure that your contribution reaches these people, please send the copy of deposit/transfer receipt to: juhi.khan@daralber.ae

COMPANY%20PROFILE
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THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

The specs: 2018 Mercedes-AMG C63 S Cabriolet

Price, base: Dh429,090

Engine 4.0-litre twin-turbo V8

Transmission Seven-speed automatic

Power 510hp @ 5,500rpm

Torque 700Nm @ 1,750rpm

Fuel economy, combined 9.2L / 100km