In this edition of the Daily Update, we bring you news about the restoration of A-level results for thousands of UAE students. There's also the latest coronavirus numbers, the Mars-bound Hope Probe adjusting its trajectory, plus the Emirates' amnesty extension for those with expired visas.
If you love bus rides, there’s good news as Abu Dhabi will operate 140 new services.
And the long-awaited verdict is due in the trial of four men allegedly involved in the killing of former Lebanese PM Rafik Hariri. We also hear from Jason Von Berg for what’s trending.
ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
The specs
Engine: 2.0-litre 4-cylinder turbo hybrid
Transmission: eight-speed automatic
Power: 390bhp
Torque: 400Nm
Price: Dh340,000 ($92,579
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