Quiz question. When were the Emirates first unified as one new country?
If you answered December 2, 1971, then try again. The correct answer is a few years earlier - at least if you were calling on the telephone.
The year 1968 is when the country was awarded the now familiar 971 international dialling code. As far as the rest of the world was concerned, Abu Dhabi, Dubai, Sharjah and the Northern Emirates were all united.
But who decided to make this declaration of unity? And why the seemingly random three digit number, 971?
The answers to both questions lie with the International Telecommunications Union, the most important global organisation you have probably never heard of.
The ITU was created in 1865 to help the standardisation of the new telegraphs, which were revolutionising international communications.
In 1945, it became part of the United Nations, making it the oldest UN agency, with the slogan “Committed to connecting the world.”
These days its responsibilities include things such as satellites, mobile phone networks and the internet, but in the late 1950s developing a system for international phone calls was the main concern.
In June 1964 hundreds of delegates met in Geneva to agree on how this could be done. The world was divided into nine regions and each assigned a number as a dialling code.
The US and Canada were given 1, Europe the numbers 3 and 4, Africa 2 and so on.
Asia was divided in two. China and Japan got the number 8, and the rest, a huge area stretching from Turkey to Myanmar, which was Burma at the time, was given 9.
Each country was then given further identifying numbers. The bigger countries were awarded two digits, and the small ones three.
So the UK has the dialling code 44 and France 33. Brazil is 55 and Turkey is 90. Smaller counties are given a third digit in numerical order. Lebanon is 961, Jordan 962, Syria 963, all the way to 968, which is Oman. At the time Yemen was divided between north and south, and so once had two codes, 969 and 967.
More dialling codes were assigned at another meeting of the ITU at Mar del Plata in Argentina in October 1968. At the time the UAE was then known as the Trucial States, whose foreign relations were controlled by Britain.
At the meeting, the Trucial States were represented by a branch of the British foreign office, and assigned the next free international dialling code, which was 971.
It seems probable that politics also played a part in the decision-making process. By the summer of 1968, Sheikh Zayed and Sheikh Rashid had already agreed to form the UAE, and the dialling code would have anticipated this.
Likewise, the code 970 was reserved for a future Palestinian state and is now used by the Palestinian Authority. Previously, callers had use to the 972 code of Israel. In the rest of the Gulf, Bahrain was given 973 and Qatar 974.
Between 1976 and 1979, the ITU also created additional codes for Dubai and Abu Dhabi, using 978 and 979, but deleted them in 1980.
So much for international numbers. What of the local dialling codes in the UAE? The agency responsible is the Telecommunications and Digital Government Regulatory Authority, and before that the Emirates Telecommunications Group, known as Etisalat.
Local phone numbers in the UAE are identified by emirate. Abu Dhabi is 02, Al Ain 03, Dubai 04, Ras Al Khaimah 07 and Fujairah 09. Sharjah, Ajman and Umm al Quwain share 06. Mobile numbers begin with 05 and toll-free numbers are 0800.
What about the number 1? The original constitution contained a clause which specified that “the capital city of the UAE shall be established in an area granted by Abu Dhabi and Dubai emirates on the borders between them, which shall be called Karama, or dignity”.
In the end, the city was never built, and Abu Dhabi was declared the official capital in 1996. But the dialling code assigned to Karama, with numbers beginning 01, still survives as its legacy.
A version of this article was first published on August 23, 2022
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.”
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
Sholto Byrnes on Myanmar politics
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Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
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