Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, prayed for peace and prosperity for all on the eve of the Prophet's birthday.
“On the anniversary of the birth of our Prophet Mohammed, may God bless him and grant him peace,” tweeted Sheikh Mohammed.
He said the birth anniversary of the Prophet was a reminder of his love, light and his mercy to the world.
“The blessed birth of the Messenger of compassion, tolerance and peace. He laid the foundations of a righteous society and inspired a virtuous civilisation. His life continues to inspire mercy and kindness, and we pray on this day for peace and prosperity for all humankind,” said Sheikh Mohamed.
Prophet Mohammed's birthday is an important and auspicious day for Muslims.
It is celebrated with religious lectures and recitals of verses from the Quran. Mosques across the UAE will be beautifully lit up to mark this important day.
Public and private sector workers across the UAE have been granted a day off on Thursday to celebrate the Prophet's birthday.
Work will resume on Sunday, November 1.
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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