Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, plans to release a new book correcting falsehoods concerning the Quran.
Sheikh Dr Sultan, said his work would seek to address deliberate misinterpretations of verses of the religious text.
Inaccurate information about Islam served only to sow discord, particularly between the Muslim and Christian faiths, he said.
“Lying and falsifying facts lead to many misfortunes, and revealing facts requires research and study and a lot of effort, but its worth it,” he said during the live radio programme Al Khat Al Mubasher (The Direct Line), of which he is a regular contributor.
He cited an event in history as an example of the ramifications of a single lie.
“When the Portuguese were expelled from Hormuz by the English and Persian forces in 1622AD, their leader, Rui Freire de Andrade, claimed he had resisted but been captured and imprisoned, and that he must return,” the Sharjah Ruler said during the broadcast.
The leader’s claims were false but were the reason behind the Portuguese return, said Sheikh Dr Sultan.
“In order for them to be able to return, Pope Urban VIII, head of the Catholic Church in Rome, issued a statement.
“I have been able to obtain this statement which is a 1.5-metre-long and 1-meter-wide leather manuscript that is not available at the Vatican.”
The statement directed all Christian establishments including churches to raise funds and impose taxes to help the Portuguese return to the Hormuz, Sheikh Dr Sultan said.
“They returned in 1624 and their intention was to Christianise people but they were defeated and none of them returned. All of this happened because of one lie.”
He said some interpreters have purposely mistranslated Quran verses, giving them meanings that contradict the Quran itself.
“They were turning the verses around and distorting their meanings,” he said.
“We strive to highlight facts and write correct historical events by vanquishing rumours and lies.”
Sheikh Dr Sultan, who has led his emirate for more than 50 years, is also one of the nation's most respected historians. He has an extensive knowledge of culture and religion.
The UAE, which prides itself on being home to people from about 200 nationalities, continues to work to promote religious harmony.
Earlier this month, Abu Dhabi's Abrahamic Family House opened to the public.
The visitor attraction features a mosque, synagogue and church.
President Sheikh Mohamed said its establishment was in line with the nation's celebration of diversity and tolerance.
“The UAE has a proud history of people from diverse communities working together to create new possibilities,” wrote Sheikh Mohamed on Twitter.
“As the Abrahamic Family House in Abu Dhabi is inaugurated, we remain committed to harnessing the power of mutual respect, understanding and diversity to achieve shared progress.”
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UAE's interfaith Abrahamic House - in pictures
Brief scoreline:
Tottenham 1
Son 78'
Manchester City 0
Results:
CSIL 2-star 145cm One Round with Jump-Off
1. Alice Debany Clero (USA) on Amareusa S 38.83 seconds
2. Anikka Sande (NOR) For Cash 2 39.09
3. Georgia Tame (GBR) Cash Up 39.42
4. Nadia Taryam (UAE) Askaria 3 39.63
5. Miriam Schneider (GER) Fidelius G 47.74
Did you know?
Brunch has been around, is some form or another, for more than a century. The word was first mentioned in print in an 1895 edition of Hunter’s Weekly, after making the rounds among university students in Britain. The article, entitled Brunch: A Plea, argued the case for a later, more sociable weekend meal. “By eliminating the need to get up early on Sunday, brunch would make life brighter for Saturday night carousers. It would promote human happiness in other ways as well,” the piece read. “It is talk-compelling. It puts you in a good temper, it makes you satisfied with yourself and your fellow beings, it sweeps away the worries and cobwebs of the week.” More than 100 years later, author Guy Beringer’s words still ring true, especially in the UAE, where brunches are often used to mark special, sociable occasions.
In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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.
MATCH INFO
Champions League quarter-final, first leg
Ajax v Juventus, Wednesday, 11pm (UAE)
Match on BeIN Sports
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
MATCH INFO
Champions League quarter-final, first leg
Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)
Matches can be watched on BeIN Sports
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Top 10 most polluted cities
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The specs: 2019 Audi A7 Sportback
Price, base: Dh315,000
Engine: 3.0-litre V6
Transmission: Seven-speed automatic
Power: 335hp @ 5,000rpm
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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.”
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