The UAE is ready to welcome its second Ramadan during the Covid-19 pandemic.
For the second consecutive year, the holy month will be observed with precautionary measures in place.
So far, 8.5 million vaccine doses have been administered, covering 62.5 per cent of the targeted categories.
The country continues its approach of intensive testing, and nearly 39 million tests have been carried out since the beginning of the outbreak.
Public health is a social responsibility and following all instructions is a national obligation
"The Emirates has followed a pragmatic approach in combating the outbreak, creating a balance between health and economy," Dr Saif Al Dhaheri, spokesman for the National Emergency Crisis and Disaster Management Authority, said on Tuesday.
“But health remains a priority over everything else.”
Officials said the public should follow nationwide restrictions for Ramadan that were announced earlier.
"We will have inspection campaigns and surprise visits to facilities. Those breaking the rules will be held accountable and facilities may be shut down," Dr Al Dhaheri said.
“Public health is a social responsibility and following all instructions is a national obligation.”
A spokeswoman of the General Authority for Islamic Affairs and Endowments said the authority has been working on a plan to spread religious awareness.
"The focus is on supporting the national efforts to combat the spread of the virus, as well as to support the frontliners and prepare the mosques to welcome worshippers while following the regulations," she said.
Awqaf will follow a number of initiatives:
• Broadcasting religious programmes on TV and radio
• Remote lectures in all private and public facilities
• Awareness programmes through Instagram Live
More than 300 episodes will be broadcast on 12 TV and radio programmes. There will be more than 10 guests in remote lectures for the public to tune in to.
The authority will also celebrate the Zayed Humanitarian Work Day and will teach the Quran through virtual lectures throughout Ramadan.
There will also be sessions to recite and memorise the Quran for people with disabilities.
UAE Ramadan 2021 rules
• Avoid all majlis and public gatherings
• Family gatherings should not be held
• Iftar and suhoor can be shared only by relatives living in the same house
• Avoid exchanging food with other families
• Refrain from any big gatherings related to Ramadan activities
• No collective iftar tents; no meals in front of mosques
• Restaurants cannot distribute meals inside or outside their premises
• Meals can be distributed in workers' accommodation only. Those who are interested in giving iftar meals to workers should contact the manager of the accommodation and a restaurant to arrange the distribution of meal packets
• Taraweeh prayers will be conducted under the precautionary measures already announced
• Mosques should be sanitised before and after prayers
• Do not distribute physical copies of the Quran; people should read the Quran digitally
• In the last 10 days of Ramadan, the situation will be reassessed and restrictions may be eased
• Intensive inspection campaigns will be conducted during Ramadan and action will be taken against offenders
• Elderly people and those with chronic diseases that place them at greater risk should continue to avoid public places
• Masks must be worn all times outside the home
UAE vaccination programme – in pictures
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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.”
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Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
Source: YouGov
Zayed Sustainability Prize
RESULTS
1.30pm Handicap (PA) Dh 50,000 (Dirt) 1,400m
Winner AF Almomayaz, Hugo Lebouc (jockey), Ali Rashid Al Raihe (trainer)
2pm Handicap (TB) Dh 84,000 (D) 1,400m
Winner Karaginsky, Tadhg O’Shea, Satish Seemar.
2.30pm Maiden (TB) Dh 60,000 (D) 1,200m
Winner Sadeedd, Ryan Curatolo, Nicholas Bachalard.
3pm Conditions (TB) Dh 100,000 (D) 1,950m
Winner Blue Sovereign, Clement Lecoeuvre, Erwan Charpy.
3.30pm Handicap (TB) Dh 76,000 (D) 1,800m
Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.
4pm Maiden (TB) Dh 60,000 (D) 1,600m
Winner Bladesmith, Tadhg O’Shea, Satish Seemar.
4.30pm Handicap (TB) Dh 68,000 (D) 1,000m
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A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
match info
Maratha Arabians 138-2
C Lynn 91*, A Lyth 20, B Laughlin 1-15
Team Abu Dhabi 114-3
L Wright 40*, L Malinga 0-13, M McClenaghan 1-17
Maratha Arabians won by 24 runs