Abu Dhabi HSBC Championship: Round 1 as it happened


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6.20pm The opening day of the 2018 Abu Dhabi HSBC Championship, presented by EGA, is in the books.

It is Tommy Fleetwood and Hideto Tanihara out in front going into Friday's Round 2.

Below are some of the links to catch up on today's stories from Abu Dhabi Golf Club.

Follow Friday's play from 8.30am as we again follow the action unfold with regular live updates.

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5.50pm After nearly five hours on his own as the leader of the Abu Dhabi HSBC Championship, presented by EGA, Tommy Fleetwood's sole hold over top spot has gone.

Hideto Tanihara birdied the last hole to move to -6 and finish on 66, meaning he will start Friday's second round level with the defending champion.

We are pretty much almost done for the day with only a few groups still out on the course.

Fleetwood and Tanihara are at the front, with a quintet of Fabrizo Zanotti, Ross Fisher, Thomas Pieters, Sam Brazel and Bernd Wiesberger all one shot back on -5.

There is little rest for Tanihara as he is back on the course for Round 2 on Friday, alongside 2015 champion Gary Stal  and Joakim Lagergren.

Fleetwood tees off  at 12.05pm with Rory McIlroy, who is -3, and world No 1 Dustin Johnson, who had a low-key start as he went round in 72 to be even.

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4.40pm The first day is beginning to wind down but we could still have some movement at the top of the leaderboard in the remaining hour. Japan's Hideto Tanihara is one shot of clubhouse leader Tommy Fleetwood on -5, and has four holes remaining to play.

Fleetwood has been on his own at the top for almost four hours since he finished his round, and Fabrizio Zanotti, Ross Fisher and Thomas Pieters are all on -5 with Tanihara, but unlike the Japanese player they are finished for the day.

Of other players still out on the course, South African Brandon Stone is out on the course still at -4 after 13 holes.

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3.48pm Here is what Abu Dhabi HSBC Championship tournament leader and defending champion Tommy Fleetwood, who shot a 6-under-par 66, had to say on being in what Paul Radley describes as The Alpha Group with world No 1 Dustin Johnson and four-time major champion Rory McIlroy:

From left: Tommy Fleetwood of England, Dustin Johnson of the United States and Rory McIlroy of Northern Ireland walk on the 11th hole during round one of the Abu Dhabi HSBC Championship at Abu Dhabi Golf Club. Andrew Redington / Getty Images
From left: Tommy Fleetwood of England, Dustin Johnson of the United States and Rory McIlroy of Northern Ireland walk on the 11th hole during round one of the Abu Dhabi HSBC Championship at Abu Dhabi Golf Club. Andrew Redington / Getty Images

“During my career, I think I’m going to struggle to find a better three-ball,” Fleetwood said of Johnson and McIlroy.

“It doesn’t matter how long I play, I think that might be the best one I get. It is great, but all you can do is concentrate on your own game.

“I don’t know what I’ll do with my career, nobody knowns what the future holds, but I think these two might be going down in the history books.”

Read the full story here.

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2.27pm Fast starts by Matthew Fitzpatrick, Carlos Pigem, Bernd Wiesberger, Hideto Tanihara and Richard Sterne have seen all five players climb into contention early in their respective rounds.

Fitzpatrick, Pigem and Wiesberger are all 3-under par after eight holes, while Tanihara and Sterne have got to the same score even faster - needing just six holes.

Defending champion Tommy Fleetwood remains the clubhouse leader at 6-under par after his bogey-free 66.

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1.45pm While Tommy Fleetwood has hogged most of the attention so far for his -6, Fabrizio Zanotti completed his opening round in style, producing an eagle on 18 to climb to second place behind Tommy Fleetwood.

A flawless round by the 34-year-old Paraguayan included birdies on the eighth, 14th and 17th before a three on the par-five 18th sealed a fine performance.

Zanotti, ranked No 105 in the world, has two wins on the European Tour.

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1.30pm A bogey on his 16th hole has realistically ended Stephen Gallacher's hopes of having a share of the lead at the top with Tommy Fleetwood.

The Scotsman, who is playing the last, is now on -4, two behind Fleetwood's clubhouse score of -6.

Of the players beginning their rounds at noon, Spaniard Carlos Pigem is off to a flyer as he is -3 after five holes.

Here is a look below at just how Fleetwood started his title defence so well.

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12.45pm Tommy Fleetwood is in the clubhouse as the early leader of the tournament after carding a fine 66 to be on -6.

The Englishman shone as he played alongside playing partners Rory McIlroy and world No 1 Dustin Johnson, and you can read more on his performance from John McAuley's report here.

Stephen Gallacher could still get himself to the top of the standings. The Scotsman is -5 with four holes remaining. He is tied for second spot with Fabrizio Zanotti, who has finished the day with an impressive 67 to his name.

Mikko Ilonen is alone in fourth spot on -4, with McIlroy, Richie Ramsay and Thomas Detry all under -3.

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12.15pm Tommy Fleetwood is now two ahead of the field as a birdie at the 17th leaves him on -6, two ahead of Stephen Gallagher.

He had to wait until 12 holes for his first birdie, but Rory McIlroy has made up for lost time as birdies on holes 16 and 17 have moved him to -3 and a share of third place with Fabrizio Zanotti, Richie Ramsey and Thomas Detry.

Henrik Stenson is in the clubhouse on -2 after carding a round of 70. That is one better than Justin Rose, while three bogies in the final seven holes, including one at the 18th, have undone Matt Kuchar's round has he has finished level par.

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11.50am. Only Martin Kaymer and Paul Casey have successfully defended the Abu Dhabi HSBC Championship, presented by EGA, title in the previous 12 stagings of the tournament.

Tommy Fleetwood is certainly putting a strong case that he could be the third man to achieve the feat as a birdie at the 15th has moved him clear of the pack again on -5 with three holes to play.

Stephen Gallacher is one behind, with Richie Ramsay and Thomas Detry both two adrift on -3.

It has been a low-key day for most of the tournament's big names so far, with Matt Kuchar, Henrik Stenson, Rory McIlroy, Justin Rose and world No 1 Dustin Johnson all on -1 as they approach the end of their respective first rounds.

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10.50am. Tommy Fleetwood has struck out on his own as the Abu Dhabi HSBC Championship leader with a birdie on the par-five second (his 11th hole of the round).

The defending champion sits one shot ahead of Stephen Gallacher and Thomas Detry. Belgium's Detry, who started his round on the 10th, has just birdied 15 and 16 to go with his one-under achieved on 13.

Henrik Stenson, Matt Kuchar and world No 1 Dustin Johnson are all on -2, while Rory McIlroy's consistent, if unspectacular round, has finally come to life as he has just birdied his 12th hole, after 11 pars beforehand, to go  to -1.

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9.50am. Scotland's Stephen Gallacher is out on his own on -3 at the front after a cracking start that has seen him birdie three of the first four holes played. He has pedigree in the UAE, having won the Omega Dubai Desert Classic twice in 2013 and 2014, but he has never triumphed in Abu Dhabi before.

Defending champion Tommy Fleetwood and Matt Kuchar are among a group of eight players who are on -2.

World No 1 Dustin Johnson is -1 after eight holes, while Rory McIlroy is even after getting pars on his first eight holes.

Meanwhile, have a look at this. What a moment for this young competition winner - teeing up alongside McIlroy, Johnson and Fleetwood. And what a shot too!

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9.20am. Early scores on the doors have defending champion Tommy Fleetwood leading the way at 2-under par alongside American debutant Matt Kuchar and Northern Irishman Graeme McDowell.

World No 1 Dustin Johnson is trucking along nicely at 1-under par, but a cold putter has so far cost four-time runner-up Rory McIlroy. He sits at even par after six holes played.

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9am. We are almost two hours into the Abu Dhabi HSBC Championship, presented by EGA, and both defending champion Tommy Fleetwood and world No 1 Dustin Johnson can be very pleased with their starts.

The pair are both on -2 after four holes, and share the lead with Graeme McDowell.

It has been a steady start for Rory McIlroy as he is had four pars as he begins his quest to win the tournament for a first time.

One player not having a steady start is Phachara Khongwatmai. The Thai played began with a double bogey and after pulling one back with a birdie on the fourth, then hit a triple bogey on the next hole to be +4 over after five holes.

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8.25am. Well, it was good while it lasted for Chris Hanson. After an eagle on his second hole, he has bogeyed the third, and he is one of five players, along with Matt Kuchar, defending champion Tommy Fleetwood, Graeme McDowell, and world No 1 Dustin Johnson to be -1 at the top of the leaderboard in the early stages.

Rory McIlroy found a bunker on his first hole. Andrew Redington / Getty Images
Rory McIlroy found a bunker on his first hole. Andrew Redington / Getty Images

A bit of a rough start for Rory McIlroy as he found a bunker on his opening hole, but the Northern Irishman recovered to make par and he is level through two holes.

Winner of worst start is Frenchman Matthieu Pavon, who is +3 after three holes, with a double bogey on the third doing the real damage.

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8am. We are underway! And there has been plenty of early action. England's Chris Hanson is off to a flier as he

eagled the second to go to -2 and be the (very) early leader.

Defending champion Tommy Fleetwood has made a good start with a birdie on the 10th hole, his first hole of the round having teed off there.

Henrik Stenson and Matt Kuchar have also birdied their first hole as well.

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Good morning. It is here finally. The 2018 Abu Dhabi HSBC Golf Championship, presented by EGA, begins at 7.20am.

It should be an exciting day of golf here with some of the sport's biggest names teeing off early today.

The trio of Justin Rose, Henrik Stenson and Matt Kuchar are in action from 7.30am as they begin on the 10th tee.

Defending champion Tommy Fleetwood begins his challenge from 7.40am, again off the 10th tee, and he is in elite company as the Englishman is playing alongside world No 1 Dustin Johnson and four-time major winner Rory McIlroy.

The full list of tee times for Round 1 can be found here.

The National will be bringing you live updates throughout the day as events unfold, with reports and insight from John McAuley, Paul Radley and Jon Turner who are all at the course.

Feel free to message us @NatSportUAE with your tweets, thoughts and images as the action goes on.

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Read more

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.”

Champions League Last 16

Red Bull Salzburg (AUT) v Bayern Munich (GER) 

Sporting Lisbon (POR) v Manchester City (ENG) 

Benfica (POR) v Ajax (NED) 

Chelsea (ENG) v Lille (FRA) 

Atletico Madrid (ESP) v Manchester United (ENG) 

Villarreal (ESP) v Juventus (ITA) 

Inter Milan (ITA) v Liverpool (ENG) 

Paris Saint-Germain v Real Madrid (ESP)  

%3Cp%3E%3Cstrong%3ETHE%20SPECS%3C%2Fstrong%3E%0D%3Cbr%3EEngine%3A%203.5-litre%20V6%0D%3Cbr%3ETransmission%3A%209-speed%20automatc%0D%3Cbr%3EPower%3A%20279hp%0D%3Cbr%3ETorque%3A%20350Nm%0D%3Cbr%3EPrice%3A%20From%20Dh250%2C000%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
%3Cp%3E%3Cstrong%3ESaudi%20Arabia%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJoy%3A%3C%2Fstrong%3E%20Delivers%20car%20services%20with%20affordable%20prices%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKaraz%3A%3C%2Fstrong%3E%20Helps%20diabetics%20with%20gamification%2C%20IoT%20and%20real-time%20data%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMedicarri%3A%3C%2Fstrong%3E%20Medical%20marketplace%20that%20connects%20clinics%20with%20suppliers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMod5r%3C%2Fstrong%3E%3A%20Makes%20automated%20and%20recurring%20investments%20to%20grow%20wealth%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStuck%3A%3C%2Fstrong%3E%20Live%2C%20on-demand%20language%20support%20to%20boost%20writing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWalzay%3A%3C%2Fstrong%3E%20Helps%20in%20recruitment%20while%20reducing%20hiring%20time%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEighty6%3A%20%3C%2Fstrong%3EMarketplace%20for%20restaurant%20and%20supplier%20procurements%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFarmUnboxed%3A%20%3C%2Fstrong%3EHelps%20digitise%20international%20food%20supply%20chain%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENutriCal%3A%3C%2Fstrong%3E%20Helps%20F%26amp%3BB%20businesses%20and%20governments%20with%20nutritional%20analysis%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWellxai%3A%3C%2Fstrong%3E%20Provides%20insurance%20that%20enables%20and%20rewards%20user%20habits%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEgypt%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAmwal%3A%3C%2Fstrong%3E%20A%20Shariah-compliant%20crowd-lending%20platform%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDeben%3A%3C%2Fstrong%3E%20Helps%20CFOs%20manage%20cash%20efficiently%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEgab%3A%3C%2Fstrong%3E%20Connects%20media%20outlets%20to%20journalists%20in%20hard-to-reach%20areas%20for%20exclusives%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENeqabty%3A%3C%2Fstrong%3E%20Digitises%20financial%20and%20medical%20services%20of%20labour%20unions%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOman%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMonak%3A%3C%2Fstrong%3E%20Provides%20financial%20inclusion%20and%20life%20services%20to%20migrants%3C%2Fp%3E%0A
Forced%20Deportations
%3Cp%3EWhile%20the%20Lebanese%20government%20has%20deported%20a%20number%20of%20refugees%20back%20to%20Syria%20since%202011%2C%20the%20latest%20round%20is%20the%20first%20en-mass%20campaign%20of%20its%20kind%2C%20say%20the%20Access%20Center%20for%20Human%20Rights%2C%20a%20non-governmental%20organization%20which%20monitors%20the%20conditions%20of%20Syrian%20refugees%20in%20Lebanon.%3C%2Fp%3E%0A%3Cp%3E%E2%80%9CIn%20the%20past%2C%20the%20Lebanese%20General%20Security%20was%20responsible%20for%20the%20forced%20deportation%20operations%20of%20refugees%2C%20after%20forcing%20them%20to%20sign%20papers%20stating%20that%20they%20wished%20to%20return%20to%20Syria%20of%20their%20own%20free%20will.%20Now%2C%20the%20Lebanese%20army%2C%20specifically%20military%20intelligence%2C%20is%20responsible%20for%20the%20security%20operation%2C%E2%80%9D%20said%20Mohammad%20Hasan%2C%20head%20of%20ACHR.%3Cbr%3EIn%20just%20the%20first%20four%20months%20of%202023%20the%20number%20of%20forced%20deportations%20is%20nearly%20double%20that%20of%20the%20entirety%20of%202022.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ESince%20the%20beginning%20of%202023%2C%20ACHR%20has%20reported%20407%20forced%20deportations%20%E2%80%93%20200%20of%20which%20occurred%20in%20April%20alone.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EIn%20comparison%2C%20just%20154%20people%20were%20forcfully%20deported%20in%202022.%3C%2Fp%3E%0A
Violence%20
%3Cp%3EInstances%20of%20violence%20against%20Syrian%20refugees%20are%20not%20uncommon.%3C%2Fp%3E%0A%3Cp%3EJust%20last%20month%2C%20security%20camera%20footage%20of%20men%20violently%20attacking%20and%20stabbing%20an%20employee%20at%20a%20mini-market%20went%20viral.%20The%20store%E2%80%99s%20employees%20had%20engaged%20in%20a%20verbal%20altercation%20with%20the%20men%20who%20had%20come%20to%20enforce%20an%20order%20to%20shutter%20shops%2C%20following%20the%20announcement%20of%20a%20municipal%20curfew%20for%20Syrian%20refugees.%3Cbr%3E%E2%80%9CThey%20thought%20they%20were%20Syrian%2C%E2%80%9D%20said%20the%20mayor%20of%20the%20Nahr%20el%20Bared%20municipality%2C%20Charbel%20Bou%20Raad%2C%20of%20the%20attackers.%3Cbr%3EIt%20later%20emerged%20the%20beaten%20employees%20were%20Lebanese.%20But%20the%20video%20was%20an%20exemplary%20instance%20of%20violence%20at%20a%20time%20when%20anti-Syrian%20rhetoric%20is%20particularly%20heated%20as%20Lebanese%20politicians%20call%20for%20the%20return%20of%20Syrian%20refugees%20to%20Syria.%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

Revival
Eminem
Interscope

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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%3Cp%3EGoogle%20wasn't%20new%20to%20busting%20out%20April%20Fool's%20jokes%3A%20before%20the%20Gmail%20%22prank%22%2C%20it%20tricked%20users%20with%20%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fmentalplex%2F%22%20target%3D%22_blank%22%3Emind-reading%20MentalPlex%20responses%3C%2Fa%3E%20and%20said%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fpigeonrank%2F%22%20target%3D%22_blank%22%3E%20well-fed%20pigeons%20were%20running%20its%20search%20engine%20operations%3C%2Fa%3E%20.%3C%2Fp%3E%0A%3Cp%3EIn%20subsequent%20years%2C%20they%20announced%20home%20internet%20services%20through%20your%20toilet%20with%20its%20%22%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Ftisp%2Finstall.html%22%20target%3D%22_blank%22%3Epatented%20GFlush%20system%3C%2Fa%3E%22%2C%20made%20us%20believe%20the%20Moon's%20surface%20was%20made%20of%20cheese%20and%20unveiled%20a%20dating%20service%20in%20which%20they%20called%20founders%20Sergey%20Brin%20and%20Larry%20Page%20%22%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fromance%2Fpress.html%22%20target%3D%22_blank%22%3EStanford%20PhD%20wannabes%3C%2Fa%3E%20%22.%3C%2Fp%3E%0A%3Cp%3EBut%20Gmail%20was%20all%20too%20real%2C%20purportedly%20inspired%20by%20one%20%E2%80%93%20a%20single%20%E2%80%93%20Google%20user%20complaining%20about%20the%20%22poor%20quality%20of%20existing%20email%20services%22%20and%20born%20%22%3Ca%20href%3D%22https%3A%2F%2Fgooglepress.blogspot.com%2F2004%2F04%2Fgoogle-gets-message-launches-gmail.html%22%20target%3D%22_blank%22%3Emillions%20of%20M%26amp%3BMs%20later%3C%2Fa%3E%22.%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
Your rights as an employee

The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.

The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.

If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.

Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.

The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.

North Pole stats

Distance covered: 160km

Temperature: -40°C

Weight of equipment: 45kg

Altitude (metres above sea level): 0

Terrain: Ice rock

South Pole stats

Distance covered: 130km

Temperature: -50°C

Weight of equipment: 50kg

Altitude (metres above sea level): 3,300

Terrain: Flat ice
 

UAE currency: the story behind the money in your pockets
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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.

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%202-litre%204-cylinder%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E268hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E380Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh208%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A

Florida: The critical Sunshine State

Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991. 

Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.

In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

'Champions'

Director: Manuel Calvo
Stars: Yassir Al Saggaf and Fatima Al Banawi
Rating: 2/5
 

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%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3EYasmin%20Azad%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ESwift%20Press%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: 

  • UAE bt Nepal by 78 runs
  • Hong Kong bt Singapore by 5 wickets
  • Oman bt Malaysia by 2 wickets

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final

Abramovich London

A Kensington Palace Gardens house with 15 bedrooms is valued at more than £150 million.

A three-storey penthouse at Chelsea Waterfront bought for £22 million.

Steel company Evraz drops more than 10 per cent in trading after UK officials said it was potentially supplying the Russian military.

Sale of Chelsea Football Club is now impossible.

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

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
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