Boy who had the perfect mentors



DUBAI // Whenever Sheikh Saeed, the late Ruler of Dubai, welcomed his guests to the open wooden majlis just outside the family home in Shindagha, a small boy would be seen sitting next to him, listening to matters of state and society under discussion.

The boy was his grandson, Sheikh Mohammed bin Rashid. In the five decades since his grandfather's death in 1958, and the five years since he himself became Ruler, he has grown up to become one of the world's most recognisable Arab leaders.

On January 4, 1995, as he was appointed Crown Prince by his brother, the then Ruler Sheikh Maktoum, he said: "I do not know if I am a good leader, but I am a leader. And I have a vision … I take decisions and I move fast. Full throttle."

As Crown Prince, he oversaw the completion of two of Dubai's landmarks, the Burj Al Arab and the Palm Jumeirah.

Today, as he marks five years as the emirate's 10th ruler, that doctrine of "full throttle" has put Dubai on the world map. However, the ambitious developments have not been without cost.

The past year has been particularly difficult, as Dubai struggled to recover from a recession that the 61-year-old Ruler characterised as "a challenge".

But as he told CNN recently: "Life would be boring without a challenge… The worst has passed, and now we are looking forward to the next growth."

Even as the downturn bit, Dubai unveiled the world's tallest tower, the Burj Khalifa, and inaugurated its Metro, the Gulf's first mass-transit rail system. One of its first passengers, naturally enough, was Sheikh Mohammed.

After becoming Ruler - he became Vice President of the UAE the next day, and Prime Minister a month later - Sheikh Mohammed developed and launched in 2007 a Strategic Plan for 2015 for the emirate. In it, he laid out ambitious targets for growth, as well as strategies for social and educational development.

Born in 1949 in the Al Maktoum family home in Shindagha, near Dubai Creek, Mohammed is the third son of the late Ruler Sheikh Rashid, one of the main driving forces behind the formation of the UAE. He accompanied his father on important occasions, such as the signing of 1968's Union Accord between Abu Dhabi and Dubai, which marked the first step towards a federation. The same year, he was appointed to his first public position as the head of Dubai Police and Public Security.

After attending schools in Dubai, the teenage Sheikh Mohammed went abroad to study English at the Bell School of Languages in Cambridge, England.

He also attended Mons Officer Cadet School, in Aldershot, where he was promoted to Senior Under Officer of Kohema and later awarded the Sword of Honour for achieving the highest mark of any overseas officer cadet in his intake.

After unification, he was appointed as the first federal Minister of Defence. At 23, Sheikh Mohammed was one of the youngest defence ministers in the world.

A poet and horse lover, he established the Godolphin stables in 1994 and Dubai World Cup, the world's richest horse race in 1996.

Whatever the future holds for him, Sheikh Mohammed likes to live by his motto: "A man has two choices, either to be a follower or to show initiative… We greatly desire to be pioneers."

Results

Stage 7:
1. Adam Yates (GBR) UAE Team Emirates – 3hrs 29min 42ses
2. Remco Evenepoel (BEL) Soudal Quick-Step – 10sec
3. Geoffrey Bouchard (FRA) AG2R Citroen Team – 42sec
General Classification:
1. Remco Evenepoel (BEL) Soudal Quick-Step
2. Lucas Plapp (AUS) Ineos Grenaders – 59se
3. Adam Yates (GBR) UAE Team Emirates –60sec
Red Jersey (General Classification): Remco Evenepoel (BEL) Soudal Quick-Step
Green Jersey (Points Classification): Tim Merlier (BEL) Soudal Quick-Step
White Jersey (Young Rider Classification): Remco Evenepoel (BEL) Soudal Quick-Step
Black Jersey (Intermediate Sprint Classification): Edward Planckaert (FRA) Alpecin-Deceuninck

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Jordan cabinet changes

In

  • Raed Mozafar Abu Al Saoud, Minister of Water and Irrigation
  • Dr Bassam Samir Al Talhouni, Minister of Justice
  • Majd Mohamed Shoueikeh, State Minister of Development of Foundation Performance
  • Azmi Mahmud Mohafaza, Minister of Education and Minister of Higher Education and Scientific Research
  • Falah Abdalla Al Ammoush, Minister of Public Works and Housing
  • Basma Moussa Ishakat, Minister of Social Development
  • Dr Ghazi Monawar Al Zein, Minister of Health
  • Ibrahim Sobhi Alshahahede, Minister of Agriculture and Minister of Environment
  • Dr Mohamed Suleiman Aburamman, Minister of Culture and Minister of Youth

Out

  • Dr Adel Issa Al Tawissi, Minister of High Education and Scientific Research
  • Hala Noaman “Basiso Lattouf”, Minister of Social Development
  • Dr Mahmud Yassin Al Sheyab, Minister of Health
  • Yahya Moussa Kasbi, Minister of Public Works and Housing
  • Nayef Hamidi Al Fayez, Minister of Environment
  • Majd Mohamed Shoueika, Minister of Public Sector Development
  • Khalid Moussa Al Huneifat, Minister of Agriculture
  • Dr Awad Abu Jarad Al Mushakiba, Minister of Justice
  • Mounir Moussa Ouwais, Minister of Water and Agriculture
  • Dr Azmi Mahmud Mohafaza, Minister of Education
  • Mokarram Mustafa Al Kaysi, Minister of Youth
  • Basma Mohamed Al Nousour, Minister of Culture
ARM IPO DETAILS

Share price: Undisclosed

Target raise: $8 billion to $10 billion

Projected valuation: $60 billion to $70 billion (Source: Bloomberg)

Lead underwriters: Barclays, Goldman Sachs Group, JPMorgan Chase and Mizuho Financial Group

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

ETFs explained

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There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4


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