Juventus midfielder Paul Pogba has released a statement referring to “extortion” after his brother recorded a video promising “great revelations” about the French World Cup winner.
Former Guinea international Mathias Pogba, 32, published videos in English, French, Italian and Spanish over the weekend in which he vowed to make “great revelations about [his] brother Paul Pogba and his agent Rafaela Pimenta”.
In response, Pogba, 29, released a statement — co-signed by his mother Yeo Moriba and Pimenta — saying the videos “are unfortunately no surprise”.
“They are in addition to threats and extortion attempts by an organised gang against Paul Pogba," the statement added.
“The competent bodies in Italy and France were informed a month ago and there will be no further comments in relation to the ongoing investigation.”
Mathias, who has played for several clubs including Wrexham, Crewe Alexandra and Partick Thistle, in his weekend video said people needed to know if his brother “deserves his place in the French team and the honour of playing in the World Cup”.
According to two sources close to the Pogba family contacted by AFP, large sums of money are being demanded from Paul Pogba if he wants to avoid the dissemination of the allegedly compromising videos.
France Info reported that Paul Pogba told investigators he had been threatened by "childhood friends and two hooded men armed with assault rifles".
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French midfielder Paul Pogba arrives for his medical at Juventus on July 9, 2022. EPA -

Paul Pogba gives the thumbs up as he arrives at the J Medical Centre in Turin. AP -

More than 1,000 fans welcomed Paul Pogba back home as he returned to Juventus on a free transfer from Manchester United. AP -

Midfielder Paul Pogba acknowledges fans as he arrives for his medical in Turin. AP -

The French international arrived in Turin to complete his return to Italian Serie A side Juventus on a free transfer. EPA -

New Juventus' player Paul Pogba arrives at the J Medical Centre. EPA
They are demanding €13 million from him for "services provided".
A source close to the matter confirmed the France Info reports to AFP. French police have opened an investigation into claims, the report added.
The name of Pogba's international teammate, Paris Saint-Germain striker Kylian Mbappe's, also came up in the affair.
Pogba is a near certainty to be part of Didier Deschamps' France squad when they defend the World Cup won four years ago in Russia in Qatar later this year.
He re-joined the Serie A giants Juventus on a free transfer after his Manchester United contract expired earlier this summer.
Pogba has yet to feature for the Turin club this season after picking up a knee injury during pre-season.
150 summer transfers - in pictures
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Perr Schuurs - Ajax to Torino (£8m). AFP -

Paco Alcacer - Villarreal to Sharjah (loan). Getty Images -

Matheus Nunes - Sporting to Wolves (£38m). AFP -

Tanguy Nianzou - Bayern Munich to Sevilla (£16.9m). AFP -

Alan Virginius - Sochaux to Lille (£3.8m). AFP -

Thilo Kehrer - PSG to West Ham (£10.1m). Getty Images -

Pervis Estupinan - Villarreal to Brighton (£15.1m). Getty Images -

Destiny Udogie - Udinese to Tottenham (£15.1m). Loaned back to Udinese. Reuters -
Sergio Gomez - Anderlecht to Manchester City (£11m). Photo: Manchester City -

Alex Collado - Barcelona to Elche (loan). AFP -

Remo Freuler - Atalanta to Nottingham Forest (£9m). AP -

Marc Bartra - Real Betis to Tranbzonspor (undisclosed fee). Getty Images -

Giovani Lo Celso - Tottenham to Villarreal (loan). Getty Images -

Cheikhou Kouyate - Crystal Palace to Nottingham Forest (free). Getty Images -

Emmanuel Dennis - Watford to Nottingham Forest (£20m). Getty Images -

Nico González - Barcelona to Valencia (loan). AP Photo -

Luca Pellegrini - Juventus to Eintracht Frankfurt (loan). AFP -

Daniel Wass - Atletico Madrid to Brondby (£1.7m). EPA -

Pablo Marí - Arsenal to Monza (loan). AP -

Dries Mertens - Napoli to Galatasaray (free). AFP -

Jordan Veretout - Roma to Marseille (£9.3m). Reuters -

Christian Benteke - Crystal Palace to DC United (undisclosed fee). AFP -

Maxwell Cornet - West Ham United to Burnley (£17.5m). PA -

Georginio Wijnaldum - PSG to Roma (loan). AFP -

Lucas Torreira - Arsenal to Galatasaray (£5m). AFP -

Marc Cucurella - Brighton to Chelsea (£55m). Getty Images -

Ademola Lookman - RB Leipzig to Atalanta (£12.6m). PA via AP -

Renato Sanches - Lille to Paris Saint-Germain (£12.6m). AFP -

Riqui Puig - Barcelona to LA Galaxy (free). AP Photo -

Alex Telles - Manchester United to Sevilla (loan). AFP -

Carney Chukwuemeka - Aston Villa to Chelsea (£20m). Reuters -

Kasper Schmeichel - Leicester City to Nice (£1m). AFP -

Mattia Viti - Empoli to Nice (£10.9m). AFP -

Gabriel Slonina - Chicago Fire to Chelsea (£8.3m). Reuters -

Bernd Leno - Arsenal to Fulham (£3m). AFP -

Charles De Ketelaere - Club Brugge to AC Milan (£26.8m). AFP -

Joe Rodon - Tottenham to Stade Rennais (loan). AFP -

Borja Mayoral - Real Madrid to Getafe (£8.4m). EPA -

Cesc Fabregas - Monaco to Como (free). EPA -

Alexis Beka Beaka - Lokomotiv Moscow to Nice (£11.7m). AFP -

Marcus Tavernier -Middlesbrough to Bournemouth (£10m). Getty Images -

Aaron Ramsey - Juventus to Nice (free). AFP -

Orel Mangala - Stuttgart to Nottingham Forest (£12.7m). AFP -

David Raum - Hoffenheim to RB Leipzig (£21.8m). Getty Images -

Oscar Mingueza - Barcelona to Celta Vigo (£2.5m). Getty Images -

Jules Kounde - Sevilla to Barcelona (£45m). AFP -

Dwight McNeil - Burnley to Everton (£20m). Getty Images -

Arnaud Kalimuendo - PSG to Rennes (£21m). Getty Images -

Filip Kostic - Eintracht Frankfurt to Juventus (£14.4m). EPA -

Salvatore Sirigu - Genoa to Napoli (free). Reuters -

Mikkel Damsgaard - Sampdoria to Brentford (£12.7m). EPA -

Malang Sarr - Chelsea to Monaco (loan). AFP -

Issa Diop - West Ham United to Fulham (£15m). Getty Images -

Alexis Sanchez - Internazionale to Marseille (free). Getty Images -

Timo Werner - Chelsea to RB Leipzig (£18m). AP -

Amadou Onana - Llle to Everton (£33.8m). AFP -

Emirhan Ilkhan - Besiktas to Torino (£3.8m). PA -

Gonçalo Guedes - Valencia to Wolves (£27.5m). AP Photo -

Conor Coady - Wolves to Everton (loan). Getty Images -

Anthony Modeste - Cologne to Borussia Dortmund (£3.8m). EPA -

Angeliño - RB Leipzig to Hoffenheim (loan). Getty Images -

Marcos Senesi - Feyenoord to Bournemouth (£12.6m). AFP -

Isco - Real Madrid to Sevilla (free). EPA -

Raheem Sterling - Manchester City to Chelsea (£50m). Getty Images -

Lisandro Martinez - Ajax to Manchester United (£46m). Getty Images -

Robert Lewandowski - Bayern Munich to Barcelona (£38.3m). AFP -

Hugo Ekitike - Reims to Paris Saint-Germain (loan). AFP -

Thomas Henry - Venezia to Verona (£3.8m). Getty Images -

Takefusa Kubo - Real Madrid to Real Sociedad (£5.2m). Getty Images -

Kalidou Koulibaly - Napoli to Chelsea (£33.8m). EPA -

Chancel Mbemba - Porto to Marseille (free). EPA -

Breel Embolo - Borussa Monchengladbach to Monaco (£10.6m). EPA -

Christian Eriksen - Brentford to Manchester United (free). PA -

Raphinha - Leeds United to Barcelona (£49m). Getty Images -

Federico Bernardeschi - Juventus to Toronto FC (free). Getty Images -

Andrea Cambiaso - Genoa to Juventus (£5.9m). Getty Images -

Arturo Vidal - Inter Milan to Flamengo (free). Getty Images -

Mohamed Bayo - Clermont to Lille (£11.8m). AFP -

Francisco Trincao - Barcelona to Sporting (loan). Getty Images -

Samu Castillejo - AC Milan to Valencia (undisclosed fee). PA -

Lewis Ferguson - Aberdeen to Bologna (£3m). PA -

Keane Lewis-Potter - Hull City to Brentford (£16m). PA -

Alessio Romagnoli - AC Milan to Lazio (free). Getty Images -

Nathan Collins - Burnley to Wolves (£20.5m). PA -

Andriy Yarmolenko - West Ham United to Al Ain (free). AP Photo -

David Ospina - Napoli to Al Nassr (free). Getty Images -

Kristian Thorstvedt - Genk to Sassuolo (£8.4m). Reuters -

Andreas Pereira -Manchester United to Fulham ( £10m). Getty Images -

Gabriel Jesus - Manchester City to Arsenal (£45m). Getty Images -

Steven Bergwijn - Tottenham Hotspur to Ajax (£26.5m). AP Photo -

Andreas Christensen - Chelsea to Barcelona (free). AFP -

Sébastien Haller - Ajax to Borussia Dortmund (£30.8m). AFP -

Flynn Downes - Swansea City to West Ham United (£12m). PA -

Junior Messias - Crotone to AC Milan (£3.8m). Reuters -

Luis Sinisterra - Feyenoord to Leeds United (£21.3m). AFP -

Brais Méndez - Celta Vigo to Real Sociedad (£12.8m). Getty Images -

Moussa Niakhaté - Mainz to Nottingham Forest (£8.7m). Getty Images -

Romeo Lavia - Manchester City to Southmpton (£12m). AP Photo -

Tyler Adams - RB Leipzig to Leeds United (£20m). AP -

Axel Witsel - Borussia Dortmund to Atletico Madrid (free). EPA -

Maya Yoshida - Sampdoria to Schalke (free). AP Photo -

Tyrell Malacia - Feyenoord to Manchester United (£12.9m). AP Photo -

Zeki Celik - Lille to Roma (£6m). AFP -

Ritsu Doan - PSV Eindhoven to Freiburg (£6.5m). AFP -

Divock Origi - Liverpool to AC Milan (free). AFP -

Rolando Mandragora - Torino to Fiorentina (£7m). EPA -

Joao Palhinha - Sporting to Fulham (£17m). Getty Images -

Franck Kessie - AC Milan to Barcelona (free). Getty Images -

Trezeguet - Aston Villa to Trabzonspor (£3.4m). AFP -

Kalvin Phillips - Leeds United to Manchester City (£45m). Reuters -

Giulian Biancone - Troyes to Nottingham Forest (£5m). AFP -

Giuliano Simeone - Atletico Madrid to Real Zaragoza (loan). EPA -

Raoul Bellanova - Cagliari to Inter Milan (loan). Getty Images -

Richarlison - Everton to Tottenham (£50 million). PA -

Fabio Carvalho - Fulham to Liverpool (£5 million). PA -

James Tarkowski Burnley to Everton (free). Getty Images -

Sime Vrsaljko - Atletico Madrid to Olympiakos (free). AP Photo -

Dean Henderson - Manchester United to Nottingham Forest (loan). PA -

Luuk de Jong - Sevilla to PSV Eindhoven (£3.4m). AP Photo -

Henrikh Mkhitaryan - Roma to Inter Milan (free). Reuters -

Cenk Tosun - Everton to Besiktas (free). Reuters -

Andre Onana - Ajax to Inter Milan (free). Getty -

Moussa Sissoko - Watford to Nantes (£2m). AFP -

Corentin Tolisso - Bayern Munich to Lyon (free). AFP -

Vitinha - Porto to Paris Saint-Germain (£34m). AFP -

Romelu Lukaku - Chelsea to Inter Milan (loan). PA -

Lorenzo Insigne - Napoli to Toronto FC (free). AP -

Sven Botman - Lille to Newcastle United (£31.9m). AFP -

Takumi Minamino - Liverpool to Monaco (£15.5m). Getty Images -

Alphonse Areola - Paris Saint-Germain to West Ham United (£7.8m). AFP -

Lucas Leiva - Lazio to Gremo (free). Getty Images -

Joselu - Alaves to Espanyol (free). Getty Images -

Matt Turner - New England Revolution to Arsenal (£4.7m). Reuters -

Fernandinho - Manchester City to Athletico Paranaense (free). PA -

Bartol Franjic - Dinamo Zagreb to Wolfsburg (£6.9m). Getty Images -

Wahbi Khazri - Saint-Etienne to Montpellier (free). AFP -

Tobias Figueiredo - Hull City to Nottingham Forest (free). PA -

Pietro Pellegri - Monaco to Tornio (£3.9m). Getty Images -

Erling Haaland - Borussia Dortmund to Manchester City. Getty Images -

Malcolm Ebiowei - Derby County to Crystal Palace (undisclosed). PA -

Taiwo Awoniyi - Union Berlin to Nottingham Forest (£17m). Getty Images -

Gareth Bale - Real Madrid to Los Angeles FC (free). PA -

Lucas Alario - Bayer Leverkusen to Eintracht Frankfurt (£5.6m). PA -

Sadio Mane - Liverpool to Bayern Munich (£28m). Getty Images -

Armindo Sieb - Bayern Munich to Greuther Fürth (undisclosed fee). Getty Images -

Nick Pope - Burnley to Newcastle (£10m). PA -

Ki-Jana Hoever - Wolves to PSV Eindhoven (loan). PA -

Ryan Fredericks - West Ham United to Bournemouth (free). Getty Images -

Mario Götze - PSV Eindhoven to Eintracht Frankfurt (£3.4m). Getty Images -

Fabio Vieira - Porto to Arsenal (£30m). EPA -

Antonio Rudiger - Chelsea to Real Madrid (free). PA -

Merih Demiral - Juventus to Atalanta (£17.2m). AFP -

Giovanni Simeone - Cagliari to Hellas Verona (£10.3m). AP -

Marc Roca - Bayern Munich to Leeds United (£10m). PA -

Yves Bissouma - Brighton to Tottenham (£25m). PA -

Gavin Bazunu - Manchester City to Southampton (£12m). PA -

Darwin Nunez - Benfica to Liverpool (£64.3m). PA -

Aurelien Tchouameni - Monaco to Real Madrid (£85.3m). AFP -

Nemanja Matic - Manchester United to Roma (free). EPA -

Ryan Gravenberch - Ajax to Bayern Munich (£20m). EPA -

Giorgio Chiellini - Juventus to Los Angeles FC (released). Getty Images -

Cameron Carter-Vickers - Tottenham to Celtic (£6m). AFP -

Alexandre Lacazette - Arsenal to Lyon (free transfer). AFP
How%20to%20avoid%20getting%20scammed
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
While you're here
Hussein Ibish: There are reasons for Democrats and Republicans to be happy
Rashmee Roshan Lall: Who are the women driving Joe Biden's success?
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
The 15 players selected
Muzzamil Afridi, Rahman Gul, Rizwan Haider (Dezo Devils); Shahbaz Ahmed, Suneth Sampath (Glory Gladiators); Waqas Gohar, Jamshaid Butt, Shadab Ahamed (Ganga Fighters); Ali Abid, Ayaz Butt, Ghulam Farid, JD Mahesh Kumara (Hiranni Heros); Inam Faried, Mausif Khan, Ashok Kumar (Texas Titans
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
Global state-owned investor ranking by size
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1. |
United States |
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2. |
China |
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3. |
UAE |
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4. |
Japan |
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5 |
Norway |
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6. |
Canada |
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7. |
Singapore |
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8. |
Australia |
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9. |
Saudi Arabia |
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10. |
South Korea |
More from Con Coughlin
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The%20Roundup
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Where to donate in the UAE
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
If you go
The flights
Etihad (etihad.com) flies from Abu Dhabi to Luang Prabang via Bangkok, with a return flight from Chiang Rai via Bangkok for about Dh3,000, including taxes. Emirates and Thai Airways cover the same route, also via Bangkok in both directions, from about Dh2,700.
The cruise
The Gypsy by Mekong Kingdoms has two cruising options: a three-night, four-day trip upstream cruise or a two-night, three-day downstream journey, from US$5,940 (Dh21,814), including meals, selected drinks, excursions and transfers.
The hotels
Accommodation is available in Luang Prabang at the Avani, from $290 (Dh1,065) per night, and at Anantara Golden Triangle Elephant Camp and Resort from $1,080 (Dh3,967) per night, including meals, an activity and transfers.
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
While you're here
Ed Husain: The far left is trying to hijack Muslim minds in the West
Sulaiman Hakemy: Why it is very important to lose elections
Rashmee Roshan Lall: US race relations in three words
The%20specs
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
UAE Premiership
Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes
Fixture
Friday, March 29, Abu Dhabi Harlequins v Jebel Ali Dragons, The Sevens, Dubai
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Drishyam 2
Directed by: Jeethu Joseph
Starring: Mohanlal, Meena, Ansiba, Murali Gopy
Rating: 4 stars
Profile
Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari
Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.
Number of employees: Over 50
Financing stage: Series B currently being finalised
Investors: Series A - Audacia Capital
Sector of operation: Transport
On Women's Day
Shelina Janmohamed: Why shouldn't a spouse be compensated fairly for housework?
Samar Elmnhrawy: How companies in the Middle East can catch up on gender equality
The National Editorial: Is there much to celebrate on International Women's Day 2021?
Justin Thomas: Challenge the notion that 'men are from Mars, women are from Venus'
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

