As we come closer to the end of Ramadan, we need to recognise what a difficult year it has been for many Muslims worldwide.
In China, Somalia, Libya, Myanmar, Egypt, Iraq and Syria, they are either dealing with being torn apart by civil war or surges of sectarian violence.
Afghanistan, one of the world’s poorest Muslim countries, is teetering on the edge. Many people are demanding political and socioeconomic change throughout the region.
In the wake of these challenges, Muslims seek and find strength in Ramadan.
Over the course of 30 days, from sunrise to sunset, we refrain from food and drink and refocus on strengthening our faith. It is a time of renewal, but also of reflection on the self and our broader surroundings.
Ramadan is also a time to share our religious and cultural heritage with people of other faiths.
It is a month of intense spiritual training, patience and charity, but it is also a time of solidarity, shared with those who are suffering from oppression, injustice, exploitation and poverty around the globe.
During this month, people around the world can remember and stand in solidarity with the oppressed.
Let us all spare a thought for those who are facing political, social, economic, racial and ethnic injustice around the world.
Samaoen Osman, South Africa
Wasn’t the du ad relevant?
I thought the du ad on cinema behaviour was very good (FNC question regulators about 'indecent' du advert pulled from cinema, June 7).
People need to be reminded what constitutes good behaviour in the cinema.
I recently sat watching a film when a man arrived– half an hour after the film started– sat three rows in front of me, made three phone calls on his mobile and left. Astonishing.
Debbie Weeks, Abu Dhabi
Do everything in moderation
Do everything in moderation, I would say (Shisha smokers run risk of 'hookah sickness', June 8). I've smoked shisha probably 10, or perhaps 15 times in my life and it's always been jolly nice, but I wouldn't want to make a regular habit of it.
A few times a year is enjoyable and it can’t do any serious harm.
Ben Adamson, Dubai
Sad to see dogs in cages
It breaks my heart whenever I see a dog or any animals in a cage and chains (Five dogs die and seven critically ill in suspected poisoning in Abu Dhabi, June 9).
They deserve to be loved and live freely just as we like to be.
Liezl Dungog Aliganga, Abu Dhabi
AL BOOM
Director:Assad Al Waslati
Starring: Omar Al Mulla, Badr Hakami and Rehab Al Attar
Streaming on: ADtv
Rating: 3.5/5
COMPANY PROFILE
Company name: Supy
Started: 2021
Founders: Dani El-Zein, Yazeed bin Busayyis, Ibrahim Bou Ncoula
Based: Dubai
Industry: Food and beverage, tech, hospitality software, Saas
Funding size: Bootstrapped for six months; pre-seed round of $1.5 million; seed round of $8 million
Investors: Beco Capital, Cotu Ventures, Valia Ventures and Global Ventures
Results
6.30pm: Maiden Dh165,000 (Dirt) 1,400m. Winner: Rio Angie, Pat Dobbs (jockey), Doug Watson (trainer).
7.05pm: Handicap Dh170,000 (D) 1,600m. Winner: Trenchard, Pat Dobbs, Doug Watson.
7.40pm: Maiden Dh165,000 (D) 1,600m. Winner: Mulfit, Pat Dobbs, Doug Watson.
8.15pm: Handicap Dh210,000 (D) 1,200m. Winner: Waady, Dane O’Neill, Doug Watson.
8.50pm: Handicap Dh210,000 (D) 2,000m. Winner: Tried And True, Pat Dobbs, Doug Watson.
9.25pm:Handicap Dh185,000 (D) 1,400m. Winner: Midnight Sands, Pat Dobbs, Doug Watson.
Bareilly Ki Barfi
Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars
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
Killing of Qassem Suleimani
Mercedes V250 Avantgarde specs
Engine: 2.0-litre in-line four-cylinder turbo
Gearbox: 7-speed automatic
Power: 211hp at 5,500rpm
Torque: 350Nm
Fuel economy, combined: 6.0 l/100 km
Price: Dh235,000
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
Profile of MoneyFellows
Founder: Ahmed Wadi
Launched: 2016
Employees: 76
Financing stage: Series A ($4 million)
Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.