With two years to go before the 2020 Tokyo Olympics, organisers finally appear to have things under control - although serious concerns remain over Japan's deadly summer heat.
As Tokyo staged countdown events in roasting temperatures across the Japanese capital on Tuesday, officials insist they are firmly on track for the Games, which will open on July 24, 2020, following a calamitous start to their preparations.
But despite fears over the searing heat and the political and financial rows that have plagued the build-up to the city's first Olympics in over half a century, Japan's athletes cannot wait to compete at a home Games.
"There is an awful lot of work to do in the next two years obviously but I'm already getting goosebumps," Rio Olympic swimming bronze medallist Daiya Seto told AFP.
"I'm incredibly lucky to be able to race at an Olympics in Japan - I'm determined to seize the opportunity."
World champion climber Akiyo Noguchi vowed that nothing but the Olympic title will do for her.
"I'm sure there will be a lot of pressure as a home athlete," the bouldering star said. "But all I'm thinking about is winning that gold medal."
A successful unveiling of the Olympic mascots dubbed "Miraitowa" and "Someity" last weekend built on recent momentum following a series of public relations disasters.
Tokyo has already opened its first permanent venue for the 2020 Games - a welcome boost after plans for the Olympic stadium were torn up by Prime Minister Shinzo Abe three years ago over its US$2 billion (Dh7.34bn) price tag.
Designs for the official Games logo were then scrapped after accusations of plagiarism, causing further embarrassment.
That was followed by more bad news last October when Olympic organisers conceded that prolonged summer rain had brought high levels of bacteria to a venue earmarked for triathlon and open water swimming.
But with Tokyo taking steps to reduce its $12bn Games budget, officials claim they have steadied the ship.
New venues have been unveiled and the new-look Olympic stadium - likened by critics in its design to a hamburger - is already 40 per cent complete.
'Terror' warning
But with Japan gripped by a heatwave that has already claimed dozens of lives, many have questioned the wisdom of staging the Olympics at a time when temperatures regularly exceed 35 Celsius.
When Tokyo first hosted the Games in 1964 they were held in October.
Tokyo governor Yuriko Koike this week promised the threat of heatstroke would be given the same priority as measures to counter terrorism.
"I wouldn't call the heat a form of terrorism as such," she told reporters, comparing Japan's summer to "living in a sauna".
"But it's just as important because the purpose is also to protect people's lives."
While Olympic organisers remain under pressure to come up with ways to beat the heat, Japanese athletes will not be complaining if gets a little toasty.
"We'll be more used to the heat and humidity than many of the foreign athletes," insisted Seto, who will be aiming to beat countryman and reigning Olympic champion Kosuke Hagino in the men's 400 metres individual medley.
"When Kosuke won in Rio it lit a fire under me and with any luck it will be my turn to win gold this time," added the two-time world champion.
"Watching Japan do well at the World Cup in Russia got me even more fired up about the Olympics. A gold medal in Tokyo will have even more value, so it's up to me to go out and win it."
Noguchi added: "You don't get many chances like this in life - I want to make it count."
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Company%C2%A0profile
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UAE currency: the story behind the money in your pockets
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Sukuk explained
Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The Energy Research Centre
Founded 50 years ago as a nuclear research institute, scientists at the centre believed nuclear would be the “solution for everything”.
Although they still do, they discovered in 1955 that the Netherlands had a lot of natural gas. “We still had the idea that, by 2000, it would all be nuclear,” said Harm Jeeninga, director of business and programme development at the centre.
"In the 1990s, we found out about global warming so we focused on energy savings and tackling the greenhouse gas effect.”
The energy centre’s research focuses on biomass, energy efficiency, the environment, wind and solar, as well as energy engineering and socio-economic research.