New Abu Dhabi Covid-19 laser test, 375 new cases, Mars mission delay - The Daily Update

On today's update, we have the latest coronavirus figures, the UAE Mars Mission and Dubai Taxis incorporate AI.

A new five-minute Covid-19 test at the Abu Dhabi border, Aramco to reorganise its downstream business, and in London a second man charged of the murder of an Omani student.

Donald Trump rescinds rule regarding foreign students in the US and Cody Combs joins us for what's trending, including Jeff Sessions, WhatsApp and Qantas.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

A timeline of the Historical Dictionary of the Arabic Language

2018: Formal work begins
November 2021: First 17 volumes launched
November 2022: Additional 19 volumes released
October 2023: Another 31 volumes released
November 2024: All 127 volumes completed

The lowdown

Rating: 4/5

Kanguva

Director: Siva

Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley

Rating: 2/5

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Saudi National Day

Why the UAE has many reasons to celebrate its closest friend and ally

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