• Coronavirus: 9 ways in which cities in the Middle East will change because of the pandemic. Sarah Dea / The National
    Coronavirus: 9 ways in which cities in the Middle East will change because of the pandemic. Sarah Dea / The National
  • 1. Will Covid-19 kill the commute? Sarah Dea / The National
    1. Will Covid-19 kill the commute? Sarah Dea / The National
  • 2. Say goodbye to cars - as commuting declines, so will the need for cars, car parks and roads. Chris Whiteoak / The National
    2. Say goodbye to cars - as commuting declines, so will the need for cars, car parks and roads. Chris Whiteoak / The National
  • 3. The age of the bicycle. As cars decline, the popularity of cycling will soar, as citizens seek to avoid the potential health hazard of public transport in post-pandemic world.. Sarah Dea /The National
    3. The age of the bicycle. As cars decline, the popularity of cycling will soar, as citizens seek to avoid the potential health hazard of public transport in post-pandemic world.. Sarah Dea /The National
  • 4. Prepare for cheaper property prices. As the need for large corporate offices declines, communal mixed-use properties will grow in popularity. Sarah Dea/The National
    4. Prepare for cheaper property prices. As the need for large corporate offices declines, communal mixed-use properties will grow in popularity. Sarah Dea/The National
  • 5. Give me space. Bigger pavements, automatic doors and biometric payments will all decrease touch points in a post-pandemic world. Pawan Singh / The National
    5. Give me space. Bigger pavements, automatic doors and biometric payments will all decrease touch points in a post-pandemic world. Pawan Singh / The National
  • 6. Staying fit. As the pandemic pushed health to the top of everyone’s priority list, cities will be designed around keeping their residents fit and healthy. Jeffrey E Biteng / The National
    6. Staying fit. As the pandemic pushed health to the top of everyone’s priority list, cities will be designed around keeping their residents fit and healthy. Jeffrey E Biteng / The National
  • 7. Street life - the metropolises of the future will be better connected with contiguous, integrated street-life, and shaded walkways. Jeffrey E Biteng / The National
    7. Street life - the metropolises of the future will be better connected with contiguous, integrated street-life, and shaded walkways. Jeffrey E Biteng / The National
  • 8. Designing buildings for well-being - as physical health has become a priority, so too will mental health. Even a balcony can give residents a sense of space. Pawan Singh / The National
    8. Designing buildings for well-being - as physical health has become a priority, so too will mental health. Even a balcony can give residents a sense of space. Pawan Singh / The National
  • 9. Smart cities - the cities of the future will be smarter - with greater connectivity between residents and services, including autonomous transport. Getty Images
    9. Smart cities - the cities of the future will be smarter - with greater connectivity between residents and services, including autonomous transport. Getty Images

Coronavirus: Nine ways the pandemic will transform the cities of the Middle East


Georgia Tolley
  • English
  • Arabic

The rise of the Covid-19 pandemic stopped the world in its tracks. Roads emptied, flights were grounded, offices and schools temporarily closed their doors and keeping others at a social distance became the norm.

As the pandemic swept through cities such as Tehran, Mumbai, New York and London, the fabric of society became uncertain.

In the past, the spread of contagious diseases led to profound changes in urban planning. No other region is developing as fast as Saudi Arabia and the UAE.

'We can really start afresh with how people live'

Now we have realised we could live differently – we need to see how our cities can be redesigned to accommodate this new way of living

In the 1850s, the cholera epidemic in the US led to the advent of public health regulation, said Catherine Brinkley, assistant professor of community and regional development at the University of California in a blog post.

Similarly, governments and planners should see Covid-19 as an opportunity to stop and think about cities, said Akshay Deshpande, a senior urban designer at the Dubai office of engineering company Arup, and author of the report, A new approach to urban space in a post-pandemic Middle East.

“We can really start afresh with how people live. We took it for granted that meetings had to happen in person, and within six months everything was different,” he said.

“Now we have realised we could live differently – we need to see how our cities can be redesigned to accommodate this new way of living. Going forward we need to embrace the changes in the city model.

Reflecting on how we live now

"No other region is developing as fast as Saudi Arabia and the UAE – it’s an opportunity for them not to repeat the mistakes of the past. It’s a chance."

With 68 per cent of the world's population projected to live in urban areas by 2050, according to the UN, the shape of future cities is one of the pressing issues of our times.

So how could the cities of the Gulf change because of coronavirus?

The National takes a look at the wide-ranging implications the pandemic could have on the cities of the future.

1. Putting the brakes on the daily commute

In the cities of the future, commuting will become much more infrequent, and cities will become more localised, with cafes replacing offices, and local shops replacing hypermarkets. Pawan Singh / The National
In the cities of the future, commuting will become much more infrequent, and cities will become more localised, with cafes replacing offices, and local shops replacing hypermarkets. Pawan Singh / The National

A year on, the pandemic has irrevocably changed the behaviour of white-collar workers in urban environments.

In one survey, at least half of UAE workers said they felt happier and more productive working from home.

So even as restrictions ease, most chief executives are likely to choose a hybrid solution for their staff.

Commuting will become much more infrequent, and cities will become more localised, with cafes replacing offices, and local shops replacing hypermarkets.

We already see these 'polycentric' areas in large European metropolises such as Paris and London, where urban pockets or 'villages' serve a smaller community.

In the future, this trend could spread to smaller towns, as residents will no longer commute  each day, and will require more services within walkable distances.

Areas of Saudi Arabia's new uber-city Neom are already being designed with this lifestyle in mind.

'The Line' project has been plotted around people, not roads, and the town will extend along a 170-kilometre coastal strip.

Cars and roads will be banned and, instead, communities will connect via an eco-friendly, high-speed, public transit service.

Walkability will define life, with all essential daily services, such as schools, medical clinics, leisure centres and green spaces within a five-minute walk.

The benefits of this hyper-local life are clear, said Mr Deshpande.

“It is really sustainable, you can spend more time with your family, and the more time you spend in your neighbourhood the more likely you are to support local business," he said.

The Line is a 170km belt of hyper-connected future communities, without cars and roads in Saudi's Arabia's new city, Neom. Courtesy, Neom
The Line is a 170km belt of hyper-connected future communities, without cars and roads in Saudi's Arabia's new city, Neom. Courtesy, Neom

2. Less commuting means fewer cars

As commuting declines, so will the need for cars, car parks and roads.

Think of the amount of space taken up by a car, 80 per cent of the time they are static – parked at home or near the workplace. Take away a million or more of those vehicles, and imagine the kerbside space and empty car parks.

These areas can be reclaimed to make cities more pleasant places to live.

Car parks could be turned into recreational parks, and we could see landscaped nature reclaim parts of the region’s cities.

Restaurants and cafes could spill over the kerbs to offer outside dining, allowing customers to congregate outdoors, a boon in a post-Covid world where social distancing is likely to continue in some form.

Residents would need cars for longer journeys and transporting bulky goods, but transport strategists predict the gradual increase in autonomous vehicles will lead to hourly rental rather than ownership.

Urban planners hope public transport will also replace many car journeys. The Dubai 2040 Urban Master Plan aims to reduce the emirate's reliance on cars, by ensuring 55 per cent of the population will live within 800 metres of a main public transport station.

3. Age of the bicycle

The popularity of cycling looks likely to increase, as a sustainable option for short journeys. Christopher Pike / The National
The popularity of cycling looks likely to increase, as a sustainable option for short journeys. Christopher Pike / The National

As cars decline, the popularity of cycling is expected to soar, as citizens seek to avoid the potential health hazard of public transport during the Covid-era.

Not just pedal bikes, instead electric cycles and scooters will proliferate – a trend already witnessed on the streets of Abu Dhabi and Dubai.

Short journeys in the heat of summer are even bearable when zipping along at speed, and electric vehicles release no emissions, unlike cars and buses.

City planners will need to make way for this two-wheel trend, so expect to see a proliferation of cycle lanes.

This has already started to happen in Europe, points out Mr Deshpande. City planners in Paris put in temporary bike lanes during the pandemic, and they are now a permanent fixture.

4. Affordable property prices

As the need for large corporate offices declines, communal mixed-use properties will grow in popularity.

Boardrooms will be shared, and flexible working spaces that can be expanded on ‘in the office’ days, will become the norm.

So what will happen with all that unused commercial space? It is likely to be repopulated as housing, leading to a glut of space on the market.

This should in turn make property cheaper, and shoebox-sized flats could become a thing of the past.

Furthermore, thanks to working from home, fewer people will need to live in large conurbations, so the cities of the future are likely to be smaller, and the premium on urban, centralised property will be less marked.

As the need for office space declines, commercial property could be repurposed into living spaces. Lauren Lancaster / The National
As the need for office space declines, commercial property could be repurposed into living spaces. Lauren Lancaster / The National

5. Give me space

The shape of cities in the future depends on whether the world succeeds in conquering Covid-19.

If the vaccines work and herd immunity is achieved, then normality can return. If not, our cities will need to adapt for physical distancing.

Pavements will get wider, as will corridors in newly built shopping malls and hospitals.

  • Beaches will be extended by 400 per cent and 60 per cent of Dubai will be nature reserves under the 2040 plan. Courtesy: Sheikh Mohammed bin Rashid Twitter
    Beaches will be extended by 400 per cent and 60 per cent of Dubai will be nature reserves under the 2040 plan. Courtesy: Sheikh Mohammed bin Rashid Twitter
  • Beaches will be extended by 400 per cent and 60 per cent of Dubai will be nature reserves under the 2040 plan. Courtesy: Sheikh Mohammed bin Rashid Twitter
    Beaches will be extended by 400 per cent and 60 per cent of Dubai will be nature reserves under the 2040 plan. Courtesy: Sheikh Mohammed bin Rashid Twitter
  • Historical images of Sheikh Mohammed bin Rashid and Sheikh Rashid, former Ruler of Dubai, at the presentation of the Dubai 2040 plan. Courtesy: Dubai Media Office
    Historical images of Sheikh Mohammed bin Rashid and Sheikh Rashid, former Ruler of Dubai, at the presentation of the Dubai 2040 plan. Courtesy: Dubai Media Office
  • The Dubai Urban Master Plan 2040, signed by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Courtesy: Dubai Media Office
    The Dubai Urban Master Plan 2040, signed by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Courtesy: Dubai Media Office
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, at an exhibition of the Dubai 2040 plan. Courtesy: Dubai Media Office
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, at an exhibition of the Dubai 2040 plan. Courtesy: Dubai Media Office
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, signs the Dubai Urban Master Plan 2040. Courtesy: Dubai Media Office
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, signs the Dubai Urban Master Plan 2040. Courtesy: Dubai Media Office
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, launches the Dubai 2040 Urban Master Plan. Wam
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, launches the Dubai 2040 Urban Master Plan. Wam
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, at an exhibition of the Dubai 2040 plan. Courtesy: Dubai Media Office
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, at an exhibition of the Dubai 2040 plan. Courtesy: Dubai Media Office
  • Sixty per cent of Dubai will be covered in nature reserves, under the 2040 plan unveiled by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Courtesy: Sheikh Mohammed bin Rashid Twitter
    Sixty per cent of Dubai will be covered in nature reserves, under the 2040 plan unveiled by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Courtesy: Sheikh Mohammed bin Rashid Twitter
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, launch the Dubai 2040 Urban Master Plan. Wam
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, launch the Dubai 2040 Urban Master Plan. Wam
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, launches the Dubai 2040 Urban Master Plan. Wam
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, launches the Dubai 2040 Urban Master Plan. Wam
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, launch the Dubai 2040 Urban Master Plan. Wam
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, launch the Dubai 2040 Urban Master Plan. Wam
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, launched the Dubai 2040 plan with a move to overhaul the emirate's landscape. Courtesy: Dubai Media Office
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, launched the Dubai 2040 plan with a move to overhaul the emirate's landscape. Courtesy: Dubai Media Office
  • The Dubai Urban Master Plan 2040, signed by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Courtesy: Dubai Media Office
    The Dubai Urban Master Plan 2040, signed by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Courtesy: Dubai Media Office
  • Since 1960, Dubai has implemented seven urban plans to keep up with the emirate's growing population. Courtesy: Dubai Media Office
    Since 1960, Dubai has implemented seven urban plans to keep up with the emirate's growing population. Courtesy: Dubai Media Office
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, unveils the 2040 plan to overhaul the city's urban landscape. Courtesy: Sheikh Mohammed bin Rashid Twitter
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, unveils the 2040 plan to overhaul the city's urban landscape. Courtesy: Sheikh Mohammed bin Rashid Twitter
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, unveils the 2040 plan to overhaul the city's urban landscape. Courtesy: Sheikh Mohammed bin Rashid Twitter
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, unveils the 2040 plan to overhaul the city's urban landscape. Courtesy: Sheikh Mohammed bin Rashid Twitter
  • Since 1960, Dubai has brought in eight urban plans to keep up with the emirate's growing population. Courtesy: Dubai Media Office
    Since 1960, Dubai has brought in eight urban plans to keep up with the emirate's growing population. Courtesy: Dubai Media Office

Doors will become automatic, and keys will disappear, as biometric data will dominate the security space.

Elevators are likely to be voice-activated, and transport and payments automated.

Movement around a city will become seamless, with all touchpoints removed to reduce the risk of infection.

On the other hand, if herd immunity is achieved, perhaps this Covid-era of distancing will pass into distant memory, and we will find comfort in crowds again.

6. Staying fit

Green spaces for exercising and socialising are an important element in the cities of the future (Randi Sokoloff / The National)
Green spaces for exercising and socialising are an important element in the cities of the future (Randi Sokoloff / The National)

As the pandemic pushed health to the top of everyone’s priority list, cities will be designed around keeping their residents fit and healthy.

In his report on urban space, Mr Deshpande highlighted the importance of repurposing “left-over open spaces” between and around buildings for exercising and socialising.

“As cities in the Middle East continue to develop there’s a strong case to turn some of the undeveloped plots spread across the city into parks, especially in areas which have very limited open spaces,” he said.

Even pre-Covid, governments in the Gulf had realised the importance of green space.

The centrepiece of Egypt's $58 billion New Administrative Capital is a vast urban park, double the size of New York's Central Park, with a 10km long botanical garden.

Egyptian officials say they have allocated 15 square metres of green space per inhabitant.

Kuwait's planned Silk City, built on islands around the capital, will include a national wildlife sanctuary and a "green belt of gardens and vast green spaces," according to the state news agency.

Meanwhile, the Dubai 2040 Urban Master Plan also describes a leafy future, with 60 per cent of Dubai comprising nature reserves and natural areas.

7. Street life

The metropolises of the future will be better connected with contiguous, integrated street-life, and shaded walkways.
The metropolises of the future will be better connected with contiguous, integrated street-life, and shaded walkways.

Streets should come under the spotlight, said Mr Deshpande because they “don’t have to be entirely for movement and transition – if well-planned, they can become social centres in their own right.”

Modern Middle Eastern cities have recently been designed around destinations accessed by car, like mega-malls and skyscrapers.

The metropolises of the future will be better connected with contiguous, integrated street-life.

Even the intensity of the summers in the Gulf can be countered with leafy trees and water features.

Children should be safe to cycle and scoot outside their urban homes.

“Here in Dubai for example, we drive to places so we can go for a walk,” said Mr Despande.

“We need to look at how we reconfigure our streets so our children can walk and play on them,” he said.

8. Designing buildings for well-being

As physical health has become a priority, so too will mental health.

The impact of the pandemic on our collective psyche is yet to be fully understood, but after months of partial and total lockdowns, city planners and architects of the future are likely to focus on how their designs can improve residents’ well-being.

As a consequence the design of buildings is set to change, predicted Mr Deshpande.

“Middle Eastern cities often feature mid/high rise buildings that do not have balconies or even windows that open further than a crack.

“Private and semi-private outdoor spaces such as balconies, courtyards, and podiums not only provide a breather from the confines of our internal spaces but also provide options for people to socialise with their neighbours, reinforcing a sense of community.”

“People realised they needed this when they were stuck in their homes during Covid,” he added.

9. Smarter cities

The cities of the future will be smarter - with greater connectivity between residents and services, including autonomous transport. Courtesy, RTA
The cities of the future will be smarter - with greater connectivity between residents and services, including autonomous transport. Courtesy, RTA

Residents might not be able to see it, but the cities of the future will be smarter.

Covid-19 showed how important technology is to keep a city running.

Dubai and Abu Dhabi’s reliable digital networks enabled thousands of residents to lock down without losing connectivity with their workplaces or schools.

In many cities residents are still required to pay for internet access. In the future this is likely to change, as governments realise the value of harnessing residents' smartphone data to introduce more efficient services.

The New Administrative Capital near Cairo has also been designed with a smart core, so residents can access services and public transport, and buy products using one card.

Satellites and CCTV will monitor the city, ensuring a rapid reaction to accidents, fires and traffic jams.

In the near future, social distancing could even be managed through geolocation on our devices, with a traffic light system designed depending on congestion in certain areas.

Watch: Dubai 2040 Urban Master Plan

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Courses%20at%20Istituto%20Marangoni%2C%20Dubai
%3Cp%3E%3Cstrong%3EUndergraduate%20courses%3C%2Fstrong%3E%3Cbr%3EInterior%20Design%3B%20Product%20Design%3B%20Visual%20Design%3B%20Fashion%20Design%20%26amp%3B%20Accessories%3B%20Fashion%20Styling%20%26amp%3B%20Creative%20Direction%3B%20Fashion%20Business%3B%20Foundation%20in%20Fashion%3B%20Foundation%20in%20Design%3Cbr%3E%3Cstrong%3EProfessional%20courses%3C%2Fstrong%3E%3Cbr%3EFashion%20e-Commerce%20%26amp%3B%20Digital%20Marketing%3B%20Fashion%20Entrepreneurship%3B%20Fashion%20Luxury%20Retail%20and%20Visual%20Merchandising%3Cbr%3E%3Cstrong%3EShort%20courses%3C%2Fstrong%3E%3Cbr%3EFashion%20design%3B%20Fashion%20Image%20%26amp%3B%20Styling%3B%20Fashion%20Trend%20Forecasting%3B%20Interior%20Design%3B%20Digital%20Art%20in%20Fashion%3Cbr%3EMore%20information%20is%20at%20%3Ca%20href%3D%22https%3A%2F%2Fwww.istitutomarangoni.com%2Fen%3Futm_source%3DLocal%26utm_medium%3Dorganic%26utm_campaign%3Dgmb%26utm_content%3Ddubai%22%20target%3D%22_self%22%3Ewww.istitutomarangoni.com%3C%2Fa%3E%3C%2Fp%3E%0A
RESULTS
%3Cp%3E%3Cstrong%3E6pm%3A%20Baniyas%20%E2%80%93%20Group%202%20(PA)%20Dh97%2C500%20(Dirt)%201%2C400m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20AF%20Alajaj%2C%20Tadhg%20O%E2%80%99Shea%20(jockey)%2C%20Ernst%20Oertel%20(trainer)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E6.35pm%3A%20The%20Pointe%20%E2%80%93%20Maiden%20(TB)%20Dh82%2C500%20(D)%201%2C200m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Awasef%2C%20Pat%20Dobbs%2C%20Doug%20Watson%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E7.10pm%3A%20Palm%20West%20Beach%20%E2%80%93%20Maiden%20(TB)%20Dh82%2C500%20(D)%201%2C400m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Long%20Kiss%2C%20Jose%20da%20Silva%2C%20Antonio%20Cintra%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E7.45pm%3A%20The%20View%20at%20the%20Palm%20%E2%80%93%20Handicap%20(TB)%20Dh87%2C500%20(D)%201%2C200m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Ranaan%2C%20Tadhg%20O%E2%80%99Shea%2C%20Bhupat%20Seemar%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E8.20pm%3A%20Nakheel%20%E2%80%93%20Handicap%20(TB)%20Dh105%2C000%20(D)%201%2C400m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Raaeb%2C%20Antonio%20Fresu%2C%20Musabah%20Al%20Muhairi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E8.55pm%3A%20The%20Club%20%E2%80%93%20Handicap%20(TB)%20Dh95%2C000%20(D)%201%2C900m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Qareeb%2C%20Sam%20Hitchcock%2C%20Doug%20Watson%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E9.30pm%3A%20Palm%20Beach%20Towers%20%E2%80%93%20Handicap%20(TB)%20Dh87%2C500%20(D)%201%2C600m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Falsehood%2C%20Adrie%20de%20Vries%2C%20Musabah%20Al%20Muhairi%3C%2Fp%3E%0A

Villains
Queens of the Stone Age
Matador

The Year Earth Changed

Directed by:Tom Beard

Narrated by: Sir David Attenborough

Stars: 4

MEDIEVIL%20(1998)
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20SCE%20Studio%20Cambridge%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Sony%20Computer%20Entertainment%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%2C%20PlayStation%204%20and%205%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

 

 

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

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 
Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

The biog

Favourite Quote: “Real victories are those that protect human life, not those that result from its destruction emerge from its ashes,” by The late king Hussain of Jordan.

Favourite Hobby: Writing and cooking

Favourite Book: The Prophet by Gibran Khalil Gibran

Players Selected for La Liga Trials

U18 Age Group
Name: Ahmed Salam (Malaga)
Position: Right Wing
Nationality: Jordanian

Name: Yahia Iraqi (Malaga)
Position: Left Wing
Nationality: Morocco

Name: Mohammed Bouherrafa (Almeria)
Position: Centre-Midfield
Nationality: French

Name: Mohammed Rajeh (Cadiz)
Position: Striker
Nationality: Jordanian

U16 Age Group
Name: Mehdi Elkhamlichi (Malaga)
Position: Lead Striker
Nationality: Morocco

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.9-litre%20twin-turbo%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E536hp%20(including%20138hp%20e-motor)%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E750Nm%20(including%20400Nm%20e-motor)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh1%2C380%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
All%20We%20Imagine%20as%20Light
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EPayal%20Kapadia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Kani%20Kusruti%2C%20Divya%20Prabha%2C%20Chhaya%20Kadam%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Liverpool 4-1 Shrewsbury

Liverpool
Gordon (34'), Fabinho (44' pen, 90' 3), Firmino (78')

Shrewsbury
Udoh (27'minutes)

Man of the Match: Kaide Gordon (Liverpool)