A limousine driver in Dubai has been praised for handing more than Dh101,000 ($27,500) to the police after it was left behind by a passenger.
Mohammed Sufian Riyadh, 28, from Pakistan, who works as a driver with a rental limousine company, found the Dh101,463 in his car on May 23 an hour after the passenger was dropped off.
He went to Al Barsha Police Station and handed over the money.
“I found the money inside the vehicle, I was keen to return it to the owner,” said Mr Riyadh.
"I didn't hesitate in taking it to Dubai Police.
“My sense of duty towards society encouraged me to hand over the money to the police station and to return the money to the passenger.”
He was surprised to receive a call from Dubai Police asking him to come to the station to thank him.
Brig Majid Al Suwaidi, director of Al Barsha Police Station, praised Mr Riyadh in the presence of senior officers.
'We are proud of the honesty of Mr Riyadh.
“The force is keen to motivate the public to play a positive role in society and to work together to spread safety and happiness among community members,” Brig Al Suwaidi said.
Mr Riyadh received a certificate of appreciation and a gift on behalf of the police force.
Dubai taxi drivers returned more than Dh5.6 million in lost valuables and cash to passengers last year.
The Roads and Transport Authority said 101 of its drivers had returned items throughout 2022, including a black bag containing Dh1 million worth of diamonds.
One driver returned Dh3.6 million in cash that had been left in his taxi.
Other items included a plastic bag with gold valued at Dh200,000 inside and luxury watches and handbags worth more than Dh400,000.
They also found and returned large sums of cash.
Other items returned by drivers included 12,410 mobile phones, 2,819 electronic devices and 342 laptops.
The RTA applauded the honesty of the drivers.
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Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
Other key dates
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Finals draw: December 2
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Finals (including semi-finals and third-placed game): June 5–9, 2019
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Euro 2020 play-off draw: November 22, 2019
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Euro 2020 play-offs: March 26–31, 2020
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
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WandaVision
Starring: Elizabeth Olsen, Paul Bettany
Directed by: Matt Shakman
Rating: Four stars
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
The biog
Name: Sarah Al Senaani
Age: 35
Martial status: Married with three children - aged 8, 6 and 2
Education: Masters of arts in cultural communication and tourism
Favourite movie: Captain Corelli’s Mandolin
Favourite hobbies: Art and horseback ridding
Occupation: Communication specialist at a government agency and the owner of Atelier
Favourite cuisine: Definitely Emirati - harees is my favourite dish
