UAE come from behind to complete fine win in Austria


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Ahmed Khalil's strike a minute from time gave the UAE a 3-2 win over Moldova in Salzburg, Austria, last night. Goals from Fares Jumaa and Mohammed al Shehi had given the Whites a 2-1 lead in the 31st minute after Igor Tigirlas had struck early for the former Soviet republic. The score remained that way until Simion Bulgaru drew Moldova level with a header. Khalil, however, made sure he finished on the winning side with a smart finish in the 89th minute, beating the offside trap to score from a measured Sultan Bargash pass.

The winner from Khalil, who was denied by the crossbar four minutes earlier, was an apt finish for the UAE, who looked in control for most of the game. They made an organised start, with some crisp short-passing and possession play, but Alexandru Epureanu, Moldova's captain, almost scored off a corner in the 10th minute. They did not have to wait long for the goal, though. Alooping cross into the box from Nicolae Josan in the 14th minute had Denis Zmeu leaping for a header. The effort was weak, but the deflection fell to Igor Tigirlas and he fired home.

Mohammed al Shehi had a chance to equalise in the 22nd minute, but Artiom Gaiduchevici, the Moldova goalkeeper, rushed out to reduce the Al Wahda winger's options. Fares Jumaa, however, gave Gaiduchevici no chance when he headed in a Subait Khater free-kick in the 26th minute. Five minutes later, al Shehi got on the scoresheet as well, taking advantage of Gaiduchevici's failure to collect a long-range shot from Subait Khater. Al Shehi tapped home the rebound to put the Whites ahead.

With 10 minutes to go, Bulgaru levelled the scores, but Khalil changed the result in the final minutes. * Compiled by Ahmed Rizvi

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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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

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