• President Sheikh Mohamed with Sheikh Mohammed bin Rashid at Al Marmoom Majlis in Dubai. Pictured in the middle is a special guest. Photo: Wam
    President Sheikh Mohamed with Sheikh Mohammed bin Rashid at Al Marmoom Majlis in Dubai. Pictured in the middle is a special guest. Photo: Wam
  • The cat's mother was famously caught in a sheet after a fall from a residential building in Bur Dubai. Sheikh Mohammed bin Rashid placed the cat in the Marmoom desert reserve - and gave its rescuers handsome rewards. Photo: Wam
    The cat's mother was famously caught in a sheet after a fall from a residential building in Bur Dubai. Sheikh Mohammed bin Rashid placed the cat in the Marmoom desert reserve - and gave its rescuers handsome rewards. Photo: Wam
  • This is the moment when the cat, who had jumped over an apartment balcony guard, struggled to cling on. Courtesy: Rashid Mohammed
    This is the moment when the cat, who had jumped over an apartment balcony guard, struggled to cling on. Courtesy: Rashid Mohammed
  • RTA bus driver Naseer Muhammed rushed out of his home to hold out a bedsheet to help save the cat, which fell from the second storey balcony. Here, he poses in front of the building from which the cat fell. Antonie Robertson / The National
    RTA bus driver Naseer Muhammed rushed out of his home to hold out a bedsheet to help save the cat, which fell from the second storey balcony. Here, he poses in front of the building from which the cat fell. Antonie Robertson / The National
  • Naseer Muhammed (L), from Kerala in India and Pakistani salesman Atif Mehmood helped to rescue the cat. Antonie Robertson / The National
    Naseer Muhammed (L), from Kerala in India and Pakistani salesman Atif Mehmood helped to rescue the cat. Antonie Robertson / The National
  • The video of the rescue has gone viral after Rashid Mohammed (R), 25, an Indian owner of a nearby grocery store, filmed the event. He is pictured here with rescuer Naseer Muhammed. Antonie Robertson / The National
    The video of the rescue has gone viral after Rashid Mohammed (R), 25, an Indian owner of a nearby grocery store, filmed the event. He is pictured here with rescuer Naseer Muhammed. Antonie Robertson / The National
  • The cat fell from the balcony but was safely caught by Naseer Muhammed with a blanket. Courtesy: Rashid Mohammed
    The cat fell from the balcony but was safely caught by Naseer Muhammed with a blanket. Courtesy: Rashid Mohammed
  • The cat was unharmed in the incident. Courtesy: Rashid Mohammed
    The cat was unharmed in the incident. Courtesy: Rashid Mohammed

Dubai's 'cat heroes' tell of changed lives after Sheikh Mohammed's Dh50,000 reward


Sarwat Nasir
  • English
  • Arabic

Four men each awarded Dh50,000 ($13,600) by the Ruler of Dubai for catching a falling feline say the reward has changed their lives.

In August, three men saved a pregnant cat that slipped from a balcony in the Al Marar area in Deira, Dubai, catching the animal on an outstretched bedsheet.

This was caught on video by a nearby shopkeeper and the posted footage went viral. It was shared by Sheikh Mohammed and was liked more than 20,000 times.

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, praised the men’s efforts and surprised them with the cash reward – including the grocery store owner who filmed the scene.

Indian bus driver Naseer Muhammad, 50, said he has now paid off a loan to build his four-bedroom house in Kerala, southern India.

“It was a very kind gesture that really helped me in a big way. I was able to pay my home loan. We started the construction of the house about one year ago and we didn’t think that we’d be able to pay it off so quickly,” Mr Muhammad, who has been a Dubai resident for 13 years, told The National.

“My wife and kids now live in that house and it’s very comforting knowing that we have paid the entire loan off.

"I saved the cat because it was the right thing and not for a reward, but the money has really helped.”

Bus driver Naseer Muhammad, 50, paid off a loan to build this $40,000 four-bedroom house in Kerala. Photo: Naseer Muhammad
Bus driver Naseer Muhammad, 50, paid off a loan to build this $40,000 four-bedroom house in Kerala. Photo: Naseer Muhammad

Mr Muhammad said he spent about Dh24,500 on his home loan and has given the rest to charitable causes – including to a neighbour in India and a hospital patient who needed kidney dialysis.

It was Mr Muhammad who first noticed the cat was stuck on the balcony and rushed down with a towel and bedsheet to catch it.

Government officials took responsibility for the rescued cat, but Mr Muhammad hopes to be reunited with her one day.

“It would be good to see her. I love cats and have some of my own. But that cat was special and it would be nice to see how she’s doing,” he said.

Rashid Mohammed, 25, the Indian owner of a nearby grocery store captured the rescue on his camera phone.

He has put most of his reward into a new grocery shop he plans to open with a partner next month.

“I have invested the money in my business and have given some to my relatives for help,” Mr Mohammed said.

“I’m really grateful for the reward. It will really help us expand. My father has had this grocery store for 35 years and we can build on that experience now.”

Mr Mohammed said the cat used to come to his grocery store nearly every day and that she was “loved by a lot of people” in the neighbourhood.

He said he would also like to see her again one day.

“We used to feed her every time she visited us at our store. I never imagined the impact we would have on each other’s lives.

"I really hope she’s living a royal life now.”

A Moroccan security guard and a Pakistani salesman who helped catch the cat were also rewarded.

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)

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
I Care A Lot

Directed by: J Blakeson

Starring: Rosamund Pike, Peter Dinklage

3/5 stars

Real Madrid 1
Ronaldo (87')

Athletic Bilbao 1
Williams (14')

MATCH INFO

Uefa Champions League semi-finals, first leg
Liverpool v Roma

When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome

What is Genes in Space?

Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.

It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration. 

Our legal consultant

Name: Dr Hassan Mohsen Elhais

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

The biog

Favourite hobby: taking his rescue dog, Sally, for long walks.

Favourite book: anything by Stephen King, although he said the films rarely match the quality of the books

Favourite film: The Shawshank Redemption stands out as his favourite movie, a classic King novella

Favourite music: “I have a wide and varied music taste, so it would be unfair to pick a single song from blues to rock as a favourite"

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: seven-speed automatic

Power: 592bhp

Torque: 620Nm

Price: Dh980,000

On sale: now

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

War

Director: Siddharth Anand

Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor

Rating: Two out of five stars 

The%20specs
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RESULTS

Main card

Bantamweight 56.4kg: Mehdi Eljamari (MAR) beat Abrorbek Madiminbekov (UZB), Split points decision

Super heavyweight 94 kg: Adnan Mohammad (IRN) beat Mohammed Ajaraam (MAR), Split points decision

Lightweight 60kg:  Zakaria Eljamari (UAE) beat Faridoon Alik Zai (AFG), RSC round 3

Light heavyweight 81.4kg: Taha Marrouni (MAR) beat Mahmood Amin (EGY), Unanimous points decision

Light welterweight 64.5kg: Siyovush Gulmamadov (TJK) beat Nouredine Samir (UAE), Unanimous points decision

Light heavyweight 81.4kg:  Ilyass Habibali (UAE) beat Haroun Baka (ALG), KO second round

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Biography

Favourite Meal: Chicken Caesar salad

Hobbies: Travelling, going to the gym

Inspiration: Father, who was a captain in the UAE army

Favourite read: Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter

Favourite film: The Founder, about the establishment of McDonald's

The biog

From: Ras Al Khaimah

Age: 50

Profession: Electronic engineer, worked with Etisalat for the past 20 years

Hobbies: 'Anything that involves exploration, hunting, fishing, mountaineering, the sea, hiking, scuba diving, and adventure sports'

Favourite quote: 'Life is so simple, enjoy it'

Charlotte Gainsbourg

Rest

(Because Music)

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

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.”

When Umm Kulthum performed in Abu Dhabi

  

 

 

 

Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.

 
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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

In-demand jobs and monthly salaries
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Updated: December 21, 2021, 5:44 AM