So much at stake in Tri Nations opener


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WELLINGTON // New Zealand take on the holders South Africa in the Tri Nations opener tomorrow with the powerhouses expected to serve up a clash that carries greater significance than a normal Test. The All Blacks will be desperate to arrest a poor run of results against the visitors after losing all three of their Tri Nations matches to the world champions last year. In terms of rewriting history, both sides have an added incentive to emerge with a victory: New Zealand are unbeaten in 21 matches at Auckland's Eden Park dating back to 1994, while South Africa have not won there since 1937.

The Springboks, however, have won their last two matches on New Zealand soil and the psychological edge South Africa would gain with a victory at a venue hosting next year's World Cup semi-finals and final is a big talking point in the local media. "I personally think it is irrelevant," Wayne Smith, the All Blacks assistant coach, said of any World Cup factor hanging over the clash. "Both teams are going to have a good crack at the World Cup. But not today or tomorrow."

John Smit, the Springboks' captain, said it would be tough to defend their title. "To keep expecting the same results and not thinking that other teams will catch you would be naive," he said. "It is for us to make sure that we can keep stepping up." * Reuters

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
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UAE currency: the story behind the money in your pockets
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You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

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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
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Director: Venkat Prabhu
Rating: 2/5