President Sheikh Mohamed and French President Emmanuel Macron with Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, managing director and group chief executive of Adnoc and chairman of Masdar, left, French Minister for Energy Transition Agnes Pannier-Runacher, second right, and French Finance Minister Bruno Le Maire. Photo: Presidential Court
President Sheikh Mohamed and French President Emmanuel Macron with Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, managing director and group chief executive of Adnoc and chairman of Masdar, left, French Minister for Energy Transition Agnes Pannier-Runacher, second right, and French Finance Minister Bruno Le Maire. Photo: Presidential Court
President Sheikh Mohamed and French President Emmanuel Macron with Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, managing director and group chief executive of Adnoc and chairman of Masdar, left, French Minister for Energy Transition Agnes Pannier-Runacher, second right, and French Finance Minister Bruno Le Maire. Photo: Presidential Court
President Sheikh Mohamed and French President Emmanuel Macron with Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, managing director and group chief executive of Adnoc and chairm

Sheikh Mohamed and France's Macron observe launch of UAE-France Business Council


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President Sheikh Mohamed and French President Emmanuel Macron witnessed the launch of the UAE-France Business Council, at the Palace of Versailles, on Monday.

The council was unveiled by Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, managing director and group chief executive of Adnoc and chairman of Masdar, and Patrick Pouyanne, chairman and chief executive of TotalEnergies.

President Sheikh Mohamed and French President Emmanuel Macron attended the event at the Palace of Versailles.

The council, chaired by Dr Al Jaber and Mr Pouyanne, aims to strengthen the economic relations between the two countries in the fields of energy, transport and investment.

It also aims to promote economic exchange, and identify and implement private cross-investment projects.

The council is made up of 18 chief executives selected for their interests in strengthening economic ties between the two countries.

Council members will meet at least once a year, in the presence of their respective ambassadors, alternating between the UAE and France. The next plenary session will be held in the Emirates in May or June.

The council has also established three working groups dedicated to energy, industry, technology, transportation, and investment.

The groups will be tasked with making clear recommendations to further promote economic exchange between the UAE and France.

Earlier in the day, both countries signed two major energy agreements: a comprehensive strategic energy partnership between the UAE and France, and a strategic partnership agreement between Adnoc and TotalEnergies.

  • The President, Sheikh Mohamed, leaves France after his official state visit. Photo: Presidential Court
    The President, Sheikh Mohamed, leaves France after his official state visit. Photo: Presidential Court
  • Sheikh Mohamed stands for the national anthem. Catherine Colonna, French Minister for Europe and Foreign Affairs, is also pictured. Photo: Presidential Court
    Sheikh Mohamed stands for the national anthem. Catherine Colonna, French Minister for Europe and Foreign Affairs, is also pictured. Photo: Presidential Court
  • Sheikh Mohamed stands for the national anthems. Photo: Presidential Court
    Sheikh Mohamed stands for the national anthems. Photo: Presidential Court
  • Sheikh Mohamed bids farewell to Ms Colonna. Photo: Presidential Court
    Sheikh Mohamed bids farewell to Ms Colonna. Photo: Presidential Court
  • Members of the French honour guard play the national anthem before Sheikh Mohamed's departure. Photo: Presidential Court
    Members of the French honour guard play the national anthem before Sheikh Mohamed's departure. Photo: Presidential Court
  • President Sheikh Mohamed speaks to Emirati students and doctors studying in France. Seen with Shamma bint Suhail Al Al Mazrouei, UAE Minister of State for Youth, second right, and Sheikh Hazza bin Zayed, vice chairman of the Abu Dhabi Executive Council, fourth right. Photo: Presidential Court
    President Sheikh Mohamed speaks to Emirati students and doctors studying in France. Seen with Shamma bint Suhail Al Al Mazrouei, UAE Minister of State for Youth, second right, and Sheikh Hazza bin Zayed, vice chairman of the Abu Dhabi Executive Council, fourth right. Photo: Presidential Court
  • President Sheikh Mohamed with Emirati students and doctors, along with Shamma bint Suhail Al Al Mazrouei, Sheikh Hazza bin Zayed and Sheikh Mansour bin Zayed, UAE Deputy Prime Minister and Minister of the Presidential Court, fourth from left. Photo: Presidential Court
    President Sheikh Mohamed with Emirati students and doctors, along with Shamma bint Suhail Al Al Mazrouei, Sheikh Hazza bin Zayed and Sheikh Mansour bin Zayed, UAE Deputy Prime Minister and Minister of the Presidential Court, fourth from left. Photo: Presidential Court
  • President Sheikh Mohamed meets students and doctors. Photo: Presidential Court
    President Sheikh Mohamed meets students and doctors. Photo: Presidential Court
  • President Sheikh Mohamed greets Emirati students and doctors who are studying in France. Photo: Presidential Court
    President Sheikh Mohamed greets Emirati students and doctors who are studying in France. Photo: Presidential Court
  • Sheikh Mohamed, with Sheikh Zayed bin Mohamed, speaks to Catherine Colonna. Photo: Presidential Court
    Sheikh Mohamed, with Sheikh Zayed bin Mohamed, speaks to Catherine Colonna. Photo: Presidential Court
  • Sheikh Mohamed arrives at Matignon Hotel in Paris to meet Prime Minister Elisabeth Borne. Chris Whiteoak / The National
    Sheikh Mohamed arrives at Matignon Hotel in Paris to meet Prime Minister Elisabeth Borne. Chris Whiteoak / The National
  • Sheikh Mohamed arrives at the Matignon to meet Ms Borne. Chris Whiteoak / The National
    Sheikh Mohamed arrives at the Matignon to meet Ms Borne. Chris Whiteoak / The National
  • Sheikh Mansour bin Zayed leaves Matignon hotel. Chris Whiteoak / The National
    Sheikh Mansour bin Zayed leaves Matignon hotel. Chris Whiteoak / The National
  • President Sheikh Mohamed signs a guest book during a military ceremony at the Arc de Triomphe in Paris. Photo: Presidential Court
    President Sheikh Mohamed signs a guest book during a military ceremony at the Arc de Triomphe in Paris. Photo: Presidential Court
  • Sheikh Mohamed stands at attention as the national anthems of the UAE and France are played at the Arc de Triomphe. Photo: Presidential Court
    Sheikh Mohamed stands at attention as the national anthems of the UAE and France are played at the Arc de Triomphe. Photo: Presidential Court
  • The UAE President greets a members of the Unknown Soldier’s Torch Committee. Photo: Presidential Court
    The UAE President greets a members of the Unknown Soldier’s Torch Committee. Photo: Presidential Court
  • Sheikh Mohamed lays a wreath at the Tomb of the Unknown Soldier. Photo: Presidential Court
    Sheikh Mohamed lays a wreath at the Tomb of the Unknown Soldier. Photo: Presidential Court
  • The UAE President meets Yael Braun-Pivet, sixth from right, President of the French National Assembly, in Paris. The senior UAE officials include Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of the Presidential Court; Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation; Sheikh Hazza bin Zayed, Vice Chairman of the Abu Dhabi Executive Council; and Sheikh Hamed bin Zayed, managing director of Abu Dhabi Investment Authority and Abu Dhabi Executive Council Member. Photo: Presidential Court
    The UAE President meets Yael Braun-Pivet, sixth from right, President of the French National Assembly, in Paris. The senior UAE officials include Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of the Presidential Court; Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation; Sheikh Hazza bin Zayed, Vice Chairman of the Abu Dhabi Executive Council; and Sheikh Hamed bin Zayed, managing director of Abu Dhabi Investment Authority and Abu Dhabi Executive Council Member. Photo: Presidential Court
  • Sheikh Mohamed with Ms Braun-Pivet at the National Assembly Presidency Palace. Photo: Presidential Court
    Sheikh Mohamed with Ms Braun-Pivet at the National Assembly Presidency Palace. Photo: Presidential Court
  • Sheikh Mohamed is received by Ms Braun-Pivet during his state visit to France. Photo: Presidential Court
    Sheikh Mohamed is received by Ms Braun-Pivet during his state visit to France. Photo: Presidential Court
  • The UAE President gives a speech during a dinner hosted in his honour by French President Emmanuel Macron at the Versailles Grand Trianon in Paris. Photo: Presidential Court
    The UAE President gives a speech during a dinner hosted in his honour by French President Emmanuel Macron at the Versailles Grand Trianon in Paris. Photo: Presidential Court
  • Sheikh Mohamed is in France on his first overseas trip as UAE President. Photo: Presidential Court
    Sheikh Mohamed is in France on his first overseas trip as UAE President. Photo: Presidential Court
  • Sheikh Mohamed discussed the important role that France has undertaken in the Middle East and expressed his interest in continuing to work together to promote peace, stability and security across the region. Photo: Presidential Court
    Sheikh Mohamed discussed the important role that France has undertaken in the Middle East and expressed his interest in continuing to work together to promote peace, stability and security across the region. Photo: Presidential Court
  • Sheikh Mohamed, Mr Macron and France's first lady Brigitte Macron at the Versailles Grand Trianon. Photo: Presidential Court
    Sheikh Mohamed, Mr Macron and France's first lady Brigitte Macron at the Versailles Grand Trianon. Photo: Presidential Court
  • Sheikh Mohamed with French Senate President Gerard Larcher in Paris. Chris Whiteoak / The National
    Sheikh Mohamed with French Senate President Gerard Larcher in Paris. Chris Whiteoak / The National
  • The UAE President met Mr Larcher at Luxembourg Palace. Photo: Presidential Court
    The UAE President met Mr Larcher at Luxembourg Palace. Photo: Presidential Court
  • Members of the UAE delegation attend the meeting at Luxembourg Palace. Photo: Presidential Court
    Members of the UAE delegation attend the meeting at Luxembourg Palace. Photo: Presidential Court
  • Sheikh Mansour bin Zayed, UAE Deputy Prime Minister and Minister of the Presidential Court; Sheikh Hamed bin Zayed, managing director of the Abu Dhabi Investment Authority and Abu Dhabi Executive Council Member; and Sheikh Hazza bin Zayed, vice chairman of the Abu Dhabi Executive Council, during the meeting at Luxembourg Palace. Photo: Presidential Court
    Sheikh Mansour bin Zayed, UAE Deputy Prime Minister and Minister of the Presidential Court; Sheikh Hamed bin Zayed, managing director of the Abu Dhabi Investment Authority and Abu Dhabi Executive Council Member; and Sheikh Hazza bin Zayed, vice chairman of the Abu Dhabi Executive Council, during the meeting at Luxembourg Palace. Photo: Presidential Court
  • Sheikh Mohamed's decision to visit France on his first trip overseas as UAE head of state is considered highly significant and a recognition of the strength of ties between the two countries. Chris Whiteoak / The National
    Sheikh Mohamed's decision to visit France on his first trip overseas as UAE head of state is considered highly significant and a recognition of the strength of ties between the two countries. Chris Whiteoak / The National
  • Sheikh Mohamed and a delegation of ministers and senior officials began the day with a visit to the historic Les Invalides complex, home to the military museum. Chris Whiteoak / The National
    Sheikh Mohamed and a delegation of ministers and senior officials began the day with a visit to the historic Les Invalides complex, home to the military museum. Chris Whiteoak / The National
  • The UAE President then travelled a short distance to Luxembourg Palace. Chris Whiteoak / The National
    The UAE President then travelled a short distance to Luxembourg Palace. Chris Whiteoak / The National
  • Mr Larcher said he was pleased to have the opportunity to discuss the Cop28 climate change conference, which will be hosted at Expo City Dubai in November 2023, and 'a lot about the energy issue, which is very important'. Chris Whiteoak / The National
    Mr Larcher said he was pleased to have the opportunity to discuss the Cop28 climate change conference, which will be hosted at Expo City Dubai in November 2023, and 'a lot about the energy issue, which is very important'. Chris Whiteoak / The National
  • Sheikh Mohamed arrives at Luxembourg Palace in Paris. Chris Whiteoak / The National
    Sheikh Mohamed arrives at Luxembourg Palace in Paris. Chris Whiteoak / The National
  • Sheikh Mohamed and Mr Macron watch as Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and managing director and group chief executive of Adnoc, and France's Energy Transition Minister Agnes Pannier-Runacher sign a comprehensive strategic energy partnership between the two countries. Photo: Presidential Court
    Sheikh Mohamed and Mr Macron watch as Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and managing director and group chief executive of Adnoc, and France's Energy Transition Minister Agnes Pannier-Runacher sign a comprehensive strategic energy partnership between the two countries. Photo: Presidential Court
  • Sheikh Mohamed, Mr Macron, Dr Al Jaber, Ms Pannier-Runacher and France's Economy Minister Bruno Le Maire after the signing ceremony in Paris. Photo: Presidential Court
    Sheikh Mohamed, Mr Macron, Dr Al Jaber, Ms Pannier-Runacher and France's Economy Minister Bruno Le Maire after the signing ceremony in Paris. Photo: Presidential Court
  • Sheikh Mohamed holds talks with Mr Macron at Elysee Palace in Paris. Photo: Presidential Court
    Sheikh Mohamed holds talks with Mr Macron at Elysee Palace in Paris. Photo: Presidential Court
  • Sheikh Mohamed is welcomed to Elysee Palace by Mr Macron. Photo: Presidential Court
    Sheikh Mohamed is welcomed to Elysee Palace by Mr Macron. Photo: Presidential Court
  • Sheikh Mohamed with Mr Macron and France's first lady Brigitte Macron after the UAE President's arrival at Elysee Palace in the French capital. Chris Whiteoak / The National
    Sheikh Mohamed with Mr Macron and France's first lady Brigitte Macron after the UAE President's arrival at Elysee Palace in the French capital. Chris Whiteoak / The National
  • The UAE leader warmly embraced Mr Macron on his arrival in Paris, describing him as a friend and his country as one of the Emirates' closest allies. Chris Whiteoak / The National
    The UAE leader warmly embraced Mr Macron on his arrival in Paris, describing him as a friend and his country as one of the Emirates' closest allies. Chris Whiteoak / The National
  • During a private lunch, the two leaders reviewed new agreements that expand decades of partnership and collaboration between the UAE and France. Chris Whiteoak / The National
    During a private lunch, the two leaders reviewed new agreements that expand decades of partnership and collaboration between the UAE and France. Chris Whiteoak / The National
  • Sheikh Mohamed spoke about the common interest that the UAE and France share in confronting climate change. Chris Whiteoak / The National
    Sheikh Mohamed spoke about the common interest that the UAE and France share in confronting climate change. Chris Whiteoak / The National
  • A French guard of honour awaits the arrival of Sheikh Mohamed to Elysee Palace. Chris Whiteoak / The National
    A French guard of honour awaits the arrival of Sheikh Mohamed to Elysee Palace. Chris Whiteoak / The National
  • The UAE President attends an official reception hosted by Sebastien Lecornu, France's Minister of Armed Forces, at the military museum in Paris. Photo: Presidential Court
    The UAE President attends an official reception hosted by Sebastien Lecornu, France's Minister of Armed Forces, at the military museum in Paris. Photo: Presidential Court
  • Sheikh Mohamed is accompanied by Mr Le Cornu as he inspects a guard of honour and meets officials at the military museum. Photo: Presidential Court
    Sheikh Mohamed is accompanied by Mr Le Cornu as he inspects a guard of honour and meets officials at the military museum. Photo: Presidential Court
  • The UAE President visited the tomb of Napoleon Bonaparte within the Dome des Invalides at the military museum. Photo: Presidential Court
    The UAE President visited the tomb of Napoleon Bonaparte within the Dome des Invalides at the military museum. Photo: Presidential Court
  • Sheikh Mohamed was set to meet top French officials during his two-day visit, including Prime Minister Elisabeth Borne and President of the National Assembly Yael Braun-Pivet. Photo: Presidential Court
    Sheikh Mohamed was set to meet top French officials during his two-day visit, including Prime Minister Elisabeth Borne and President of the National Assembly Yael Braun-Pivet. Photo: Presidential Court
  • Sheikh Mohamed with Sheikh Hazza bin Zayed, vice chairman of the Abu Dhabi Executive Council, and Mr Le Cornu at the military museum. Photo: Presidential Court
    Sheikh Mohamed with Sheikh Hazza bin Zayed, vice chairman of the Abu Dhabi Executive Council, and Mr Le Cornu at the military museum. Photo: Presidential Court
  • Sheikh Mohamed and Mr Le Cornu stand at attention as the two countries' anthems are played. Photo: Presidential Court
    Sheikh Mohamed and Mr Le Cornu stand at attention as the two countries' anthems are played. Photo: Presidential Court
  • The UAE President's motorcade arrives at the military museum. Photo: Presidential Court
    The UAE President's motorcade arrives at the military museum. Photo: Presidential Court
  • Emirati flags adorned the streets around Elysee and Luxembourg palaces. Photo: Presidential Court
    Emirati flags adorned the streets around Elysee and Luxembourg palaces. Photo: Presidential Court
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

Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

SPEC%20SHEET%3A%20APPLE%20IPAD%20PRO%20(12.9%22%2C%202022)
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2012.9-inch%20Liquid%20Retina%20XDR%2C%202%2C732%20x%202%2C048%2C%20264ppi%2C%20wide%20colour%2C%20True%20Tone%2C%20ProMotion%2C%201%2C600%20nits%20max%2C%20Apple%20Pencil%20hover%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EChip%3A%3C%2Fstrong%3E%20Apple%20M2%2C%208-core%20CPU%2C%2010-core%20GPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%20Storage%20%E2%80%93%20128GB%2F256GB%2F512GB%20%2F%201TB%2F2TB%3B%20RAM%20%E2%80%93%208GB%2F16GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20iPadOS%2016%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Dual%2012MP%20wide%20(f%2F1.8)%20%2B%2010MP%20ultra-wide%20(f%2F2.4)%2C%202x%20optical%2F5x%20digital%2C%20Smart%20HDR%204%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20ProRes%204K%20%40%2030fps%2C%204K%20%40%2024%2F25%2F30%2F60fps%2C%20full%20HD%20%40%2025%2F30%2F60fps%2C%20slo-mo%20%40%20120%2F240fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%20TrueDepth%2012MP%20ultra-wide%20(f%2F2.4)%2C%202x%2C%20Smart%20HDR%204%2C%20Centre%20Stage%2C%20Portrait%2C%20Animoji%2C%20Memoji%3B%20full%20HD%20%40%2025%2F30%2F60fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%20Four-speaker%20stereo%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Face%20ID%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%2C%20smart%20connector%20(for%20folio%2Fkeyboard)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20Up%20to%2010%20hours%20on%20Wi-Fi%3B%20up%20to%20nine%20hours%20on%20cellular%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFinish%3A%3C%2Fstrong%3E%20Silver%2C%20space%20grey%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20iPad%2C%20USB-C-to-USB-C%20cable%2C%2020-watt%20power%20adapter%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20WiFi%20%E2%80%93%20Dh4%2C599%20(128GB)%20%2F%20Dh4%2C999%20(256GB)%20%2F%20Dh5%2C799%20(512GB)%20%2F%20Dh7%2C399%20(1TB)%20%2F%20Dh8%2C999%20(2TB)%3B%20cellular%20%E2%80%93%20Dh5%2C199%20%2F%20Dh5%2C599%20%2F%20Dh6%2C399%20%2F%20Dh7%2C999%20%2F%20Dh9%2C599%3C%2Fp%3E%0A
The biog

Name: Dhabia Khalifa AlQubaisi

Age: 23

How she spends spare time: Playing with cats at the clinic and feeding them

Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need

Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman

Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs 

Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing

THE BIO

Favourite place to go to in the UAE: The desert sand dunes, just after some rain

Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude

Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE

Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally

Favourite subjects in school: Mathematics and science

Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Diriyah%20project%20at%20a%20glance
%3Cp%3E-%20Diriyah%E2%80%99s%201.9km%20King%20Salman%20Boulevard%2C%20a%20Parisian%20Champs-Elysees-inspired%20avenue%2C%20is%20scheduled%20for%20completion%20in%202028%0D%3Cbr%3E-%20The%20Royal%20Diriyah%20Opera%20House%20is%20expected%20to%20be%20completed%20in%20four%20years%0D%3Cbr%3E-%20Diriyah%E2%80%99s%20first%20of%2042%20hotels%2C%20the%20Bab%20Samhan%20hotel%2C%20will%20open%20in%20the%20first%20quarter%20of%202024%0D%3Cbr%3E-%20On%20completion%20in%202030%2C%20the%20Diriyah%20project%20is%20forecast%20to%20accommodate%20more%20than%20100%2C000%20people%0D%3Cbr%3E-%20The%20%2463.2%20billion%20Diriyah%20project%20will%20contribute%20%247.2%20billion%20to%20the%20kingdom%E2%80%99s%20GDP%0D%3Cbr%3E-%20It%20will%20create%20more%20than%20178%2C000%20jobs%20and%20aims%20to%20attract%20more%20than%2050%20million%20visits%20a%20year%0D%3Cbr%3E-%20About%202%2C000%20people%20work%20for%20the%20Diriyah%20Company%2C%20with%20more%20than%2086%20per%20cent%20being%20Saudi%20citizens%0D%3C%2Fp%3E%0A
CREW
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERajesh%20A%20Krishnan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ETabu%2C%20Kareena%20Kapoor%20Khan%2C%20Kriti%20Sanon%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
LA LIGA FIXTURES

Friday (UAE kick-off times)

Real Sociedad v Leganes (midnight)

Saturday

Alaves v Real Valladolid (4pm)

Valencia v Granada (7pm)

Eibar v Real Madrid (9.30pm)

Barcelona v Celta Vigo (midnight)

Sunday

Real Mallorca v Villarreal (3pm)

Athletic Bilbao v Levante (5pm)

Atletico Madrid v Espanyol (7pm)

Getafe v Osasuna (9.30pm)

Real Betis v Sevilla (midnight)

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)

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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.”

Sri Lanka's T20I squad

Thisara Perera (captain), Dilshan Munaweera, Danushka Gunathilaka, Sadeera Samarawickrama, Ashan Priyanjan, Mahela Udawatte, Dasun Shanaka, Sachith Pathirana, Vikum Sanjaya, Lahiru Gamage, Seekkuge Prasanna, Vishwa Fernando, Isuru Udana, Jeffrey Vandersay and Chathuranga de Silva.

Results

6.30pm: Mazrat Al Ruwayah Group Two (PA) US$55,000 (Dirt) 1,600m; Winner: Rasi, Harry Bentley (jockey), Sulaiman Al Ghunaimi (trainer).

7.05pm: Meydan Trophy (TB) $100,000 (Turf) 1,900m; Winner: Ya Hayati, William Buick, Charlie Appleby.

7.40pm: Handicap (TB) $135,000 (D) 1,200m; Winner: Bochart, Richard Mullen, Satish Seemar.

8.15pm: Balanchine Group Two (TB) $250,000 (T) 1,800m; Winner: Magic Lily, William Buick, Charlie Appleby.

8.50pm: Handicap (TB) $135,000 (T) 1,000m; Winner: Waady, Jim Crowley, Doug Watson.

9.25pm: Firebreak Stakes Group Three (TB) $200,000 (D) 1,600m; Winner: Capezzano, Mickael Barzalona, Salem bin Ghadayer.

10pm: Handicap (TB) $175,000 (T) 2,410m; Winner: Eynhallow, Mickael Barzalona, Charlie Appleby.

THE SPECS

Engine: 3.5-litre supercharged V6

Power: 416hp at 7,000rpm

Torque: 410Nm at 3,500rpm

Transmission: 6-speed manual

Fuel consumption: 10.2 l/100km

Price: Dh375,000 

On sale: now 

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

Where to donate in the UAE

The Emirates Charity Portal

You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.

The General Authority of Islamic Affairs & Endowments

The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.

Al Noor Special Needs Centre

You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.

Beit Al Khair Society

Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.

Dar Al Ber Society

Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.

Dubai Cares

Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.

Emirates Airline Foundation

Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.

Emirates Red Crescent

On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.

Gulf for Good

Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.

Noor Dubai Foundation

Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).

The five stages of early child’s play

From Dubai-based clinical psychologist Daniella Salazar:

1. Solitary Play: This is where Infants and toddlers start to play on their own without seeming to notice the people around them. This is the beginning of play.

2. Onlooker play: This occurs where the toddler enjoys watching other people play. There doesn’t necessarily need to be any effort to begin play. They are learning how to imitate behaviours from others. This type of play may also appear in children who are more shy and introverted.

3. Parallel Play: This generally starts when children begin playing side-by-side without any interaction. Even though they aren’t physically interacting they are paying attention to each other. This is the beginning of the desire to be with other children.

4. Associative Play: At around age four or five, children become more interested in each other than in toys and begin to interact more. In this stage children start asking questions and talking about the different activities they are engaging in. They realise they have similar goals in play such as building a tower or playing with cars.

5. Social Play: In this stage children are starting to socialise more. They begin to share ideas and follow certain rules in a game. They slowly learn the definition of teamwork. They get to engage in basic social skills and interests begin to lead social interactions.

Updated: July 20, 2022, 7:13 AM