Three people were rescued from rough waters near the Burj Al Arab on Friday. Sarah Dea / The National
Three people were rescued from rough waters near the Burj Al Arab on Friday. Sarah Dea / The National



DUBAI // Three people were rescued from waters near the Burj Al Arab on Friday afternoon, Dubai Police said.

Maj Ali Al Naqbi, director of the Maritime Rescue Unit, said the incidents involved two Chinese men, aged 50 and 55, and a Pakistani man, 25, on Umm Suqeim beach.

“The two [Chinese] men were recorded as sustaining serious injuries because they were really exhausted, and the man was in moderate condition. What’s important is that they are alive,” he said, adding that red flags indicating that the waters are dangerous had been placed along Dubai’s beaches.

“Because of the current weather conditions — there are strong winds and waves — we are asking people to be extremely cautious and not enter the water.”

He also said that boats and cars have been patrolling Dubai’s coast since 6am on Friday due to the strong winds and to ensure safety at the Dubai Challenge Triathlon that took place.

dmoukhallati@thenational.ae

Dengue fever symptoms

High fever (40°C/104°F)
Severe headache
Pain behind the eyes
Muscle and joint pains
Nausea
Vomiting
Swollen glands
Rash

2020 Oscars winners: in numbers
  • Parasite – 4
  • 1917– 3
  • Ford v Ferrari – 2
  • Joker – 2
  • Once Upon a Time ... in Hollywood – 2
  • American Factory – 1
  • Bombshell – 1
  • Hair Love – 1
  • Jojo Rabbit – 1
  • Judy – 1
  • Little Women – 1
  • Learning to Skateboard in a Warzone (If You're a Girl) – 1
  • Marriage Story – 1
  • Rocketman – 1
  • The Neighbors' Window – 1
  • Toy Story 4 – 1
COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

SPEC SHEET

Processor: Apple M2, 8-core GPU, 10-core CPU, 16-core Neural Engine

Display: 13.3-inch Retina, 2560 x 1600, 227ppi, 500 nits, True Tone, wide colour

Memory: 8/16/24GB

Storage: 256/512GB / 1/2TB

I/O: Thunderbolt 3 (2), 3.5mm audio; Touch Bar with Touch ID

Connectivity: Wi-Fi 6, Bluetooth 5.0

Battery: 58.2Wh lithium-polymer, up to 20 hours

Camera: 720p FaceTime HD

Video: Support for HDR with Dolby Vision, HDR10, ProRes

Audio: Stereo speakers with HDR, wide stereo, Spatial Audio support, Dolby support

In the box: MacBook Pro, 67W power adapter, USB-C cable

Price: From Dh5,499

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
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.


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