DUBAI // A chance encounter with a badly disfigured stray cat during a visit to a park spurred a family to help find new homes for the emirate’s unwanted animals.
Sajid Shafique, his wife Iram and their daughter Miriam came across the scruffy feline on a trip to Creek Park. It was in such a bad condition that they decided to nurse it back to health.
“It started when we were on the beach in Creek Park and we saw this little thing, which we thought was a rat. It was a cat with half its face eaten off by ants,” Mr Shafique said.
“I thought, ‘let’s try saving it’, so we took it to our vet and treated it. The joy we got from that was unreal and we got more and more into saving animals.”
Within six months the cat, which they named Scarface, regained its health and was adopted by another family.
Inspired to help more abandoned, unwanted or lost animals, Mr Shafique launched adoptanimalsuae.com in August to help connect rescue and volunteer groups with people seeking a new pet. It has been a success – more than 100 cats and dogs have been adopted or reunited with their owners.
The site is much needed during the year end, according to Mahin Bahrami of Middle East Animal Foundation. She has witnessed a worrying increase in the number of abandoned pets, with 15 cats dumped in just one day this week.
“We see a lot of unwanted cats and dogs during the holiday season and most of them are unwanted gifts,” she said.
“We also have cases of people who go on holiday and realise that they don’t have anywhere to keep the animal or haven’t found anyone to take care of it while they’re gone.”
Ms Bahrami urged pet owners to check whether a kennel or cattery was able to take their pet because they often reach full capacity quickly during the holidays.
“People need to plan this stuff ahead. If they’re going on vacation, they need to make sure that their animals are taken care of and not thrown on the street,” she said.
Mr Shafique said the website’s professional look was key to its success. “From my experience at a brand consultancy firm, I know that if we package something properly it gives everyone a better chance,” he said.
Mrs Shafique said they only dealt with people who have the best interests of animals at heart. “We prefer to be in touch with the people putting up animals for adoption because they could be pet shops or breeders, which is illegal,” she said.
The website has had more than 100,000 visitors since its launch, and features 586 animals – including cats, dogs, rabbits and birds – in need of a home.
“We list animals only from reputable people and are looking after the best interests of the animal,” she said.
To put an animal up for adoption on adoptanimalsuae.com, email adopt@brandnew.global.
dmoukhallati@thenational.ae
BACK TO ALEXANDRIA
Director: Tamer Ruggli
Starring: Nadine Labaki, Fanny Ardant
Rating: 3.5/5
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Tips for travelling while needing dialysis
- Inform your doctor about your plans.
- Ask about your treatment so you know how it works.
- Pay attention to your health if you travel to a hot destination.
- Plan your trip well.
Confirmed bouts (more to be added)
Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez
Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.
COMPANY PROFILE
Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others
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.
MATCH INFO
Euro 2020 qualifier
Croatia v Hungary, Thursday, 10.45pm, UAE
TV: Match on BeIN Sports
SWEET TOOTH
Created by: Jim Mickle, Beth Schwartz
Stars: Nonso Anozie, Christian Convery, Adeel Akhtar, Stefania LaVie Owen
Rating: 3.5/5
Starring: Jamie Foxx, Angela Bassett, Tina Fey
Directed by: Pete Doctor
Rating: 4 stars
A cryptocurrency primer for beginners
Cryptocurrency Investing for Dummies+– by Kiana Danial
There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine.
Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer+(2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.
Although cryptocurrencies are a fast evolving world, this book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.
Begin your cryptocurrency journey here.
Available at Magrudy’s , Dh104
COMPANY PROFILE
Founder: Hani Abu Ghazaleh
Based: Abu Dhabi, with an office in Montreal
Founded: 2018
Sector: Virtual Reality
Investment raised: $1.2 million, and nearing close of $5 million new funding round
Number of employees: 12
SPEC SHEET: SAMSUNG GALAXY Z FLIP 4
Display: Main – 6.7" FHD Dynamic Amoled 2X, 2640 x 1080, 22:9, 425ppi, HDR10+, up to 120Hz; cover – 1.9" Super Amoled, 512 x 260, 302ppi
Processor: Qualcomm Snapdragon 8+ Gen 1, 4nm, octa-core; Adreno 730 GPU
Memory: 8GB
Capacity: 128/256/512GB
Platform: Android 12, One UI 4.1.1
Main camera: Dual 12MP ultra-wide (f/2.2) + 12MP wide (f/1.8), OIS, portrait, super slo-mo, hyperlapse
Video: 4K@30/60fps, full-HD@30/60fps, HD@30fps; slo-mo@240/960fps; HDR10+
Front camera: 10MP (f/2.4)
Battery: 3700mAh, 25W fast charging, 15W wireless charging, reverse wireless charging, 'all-day' life
Connectivity: 5G; Wi-Fi, Bluetooth 5.2, NFC (Samsung Pay)
I/O: USB-C
Cards: Nano-SIM + eSIM; no microSD slot
Colours: Bora purple, graphite, pink gold, blue; Bespoke Edition in select countries
In the box: Flip 4, USB-C-to-USB-C cable
Price: Dh3,799 / Dh3,999 / Dh4,449
Soldier F
“I was in complete disgust at the fact that only one person was to be charged for Bloody Sunday.
“Somebody later said to me, 'you just watch - they'll drop the charge against him'. And sure enough, the charges against Soldier F would go on to be dropped.
“It's pretty hard to think that 50 years on, the State is still covering up for what happened on Bloody Sunday.”
Jimmy Duddy, nephew of John Johnson
Karwaan
Producer: Ronnie Screwvala
Director: Akarsh Khurana
Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar
Rating: 4/5
How to avoid getting scammed
- Never click on links provided via app or SMS, even if they seem to come from authorised senders at first glance
- Always double-check the authenticity of websites
- Enable Two-Factor Authentication (2FA) for all your working and personal services
- Only use official links published by the respective entity
- Double-check the web addresses to reduce exposure to fake sites created with domain names containing spelling errors