Live updates: Follow the latest news on Israel-Gaza
Global fast food chain McDonald's has rejected “inaccurate reports” over its position on the Gaza crisis, after one of its franchises in Israel claimed to have offered thousands of free meals to Israeli soldiers.
McDonald's Corporation on Thursday shared a statement on the social media pages of several of its operators in the Middle East – including in the UAE, Saudi Arabia, Bahrain and Kuwait – affirming that it was “not funding or supporting any governments in this conflict”.
It said the actions of “local development licensees” were made without its “consent or approval”.
The response comes after the Israeli operator of the international restaurant last month said it had donated tens of thousands of meals to the military, as well as police, hospitals and residents.
A large number of McDonald's outlets outside the US are run by local operators, known as franchisees, who act as independent businesses.
“We are dismayed by the disinformation and inaccurate reports regarding our position in response to the conflict in the Middle East,” McDonald's Corporation said on Instagram and X, formerly known as Twitter.
“McDonald's Corporation is not funding or supporting any governments involved in this conflict, and any actions from our local development licensee business partners were made independently without McDonald's consent or approval.
“Our hearts are with all of the communities and families impacted by this crisis. We abhor violence of any kind and firmly stand against hate speech, and we will always proudly open our doors to everyone.
“We are doing everything we can to ensure the safety of our people in the region while supporting the communities where we operate.”
The statement posted on the Instagram page of McDonald's in the UAE has garnered more than 1,300 responses.
Many replying to the post said they were boycotting McDonald's due to the recent controversy.
The Kuwaiti operator of McDonald's – Al Maousherji Catering Company – posted its own statement on its McDonald's-branded social media channels.
“We at Al Maousherji Catering Company … reaffirm that we stand firmly with Palestine and our brothers and sisters in Gaza.
“We do not accept any questioning of our Arab identity and we, once again, affirm that we respect and uphold the values of our nation and our community.”
It said it had donated funds to the Kuwaiti Red Crescent Society and national air bridge relief efforts.
Humanitarian crisis worsens
More than 9,000 people have been killed in Gaza since the war broke out on October, with an estimated 1.4 million displaced.
The UAE has joined other Arab nations in calling for an immediate ceasefire to protect innocent lives.
The Emirates has strongly condemned Israeli air strikes on a Gazan refugee camp, in which hundreds of people were killed or wounded.
The Ministry of Foreign Affairs said “indiscriminate attacks” would lead to “irreparable damage” for the region, following the deadly assault on Jabalia refugee camp in the northern part of the enclave on Tuesday evening.
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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
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
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Price: From Dh149,900
Full list of brands available for Instagram Checkout
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WandaVision
Starring: Elizabeth Olsen, Paul Bettany
Directed by: Matt Shakman
Rating: Four stars
Analysis
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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
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Abaya trends
The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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
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