Dr Anwar Gargash, Minister of State for FNC Affairs and Chairman of the National Election Commission, tells cadets of their responsibility to themselves and to the UAE. Delores Johnson / The National
Dr Anwar Gargash, Minister of State for FNC Affairs and Chairman of the National Election Commission, tells cadets of their responsibility to themselves and to the UAE. Delores Johnson / The National

Youth are the ‘pillar’ of UAE society



ABU DHABI // Young people have a duty to themselves and their country to ensure their voices are heard in the political process, national service recruits have been told.

Dr Anwar Gargash, Minister of State for FNC Affairs and Chairman of the National Election Commission, on Monday told the cadets that youth represented 40 per cent of the vote in the coming FNC elections.

“Although we know your concerns and ambitions and appreciate them, we don’t always understand them like you do,” Dr Gargash told the gathering at the Armed Forces Officers’ Club.

“We are expecting you to listen to the opinions and campaigns and then to have a societal dialogue. Your role in the elections is important, powerful and effective.

“Your responsibility in the elections is to take part in developing the country, to preserve its name and achievements, and to continue to help the country to prosper.”

Dr Gargash said young men and women were the main pillar for social and political prosperity, and urged them to take part in the election.

He also offered his condolences to the three Emirati soldiers who were killed defending Yemen last Saturday.

“Every soldier is an Emirati national, and each one has a great value with the leadership and the community,” Dr Gargash said. “Today, we offer our condolences to the martyrs.

“Sheikh Abdullah bin Zayed, Minister of Foreign Affairs, tweeted: ‘You have brought tears to our eyes and made us hold our heads up high’.

“And that is truly how we all feel, the entire country. But this is a clear message to the world – the UAE has soldiers that will protect it, and you are the supportive unit.”

Dr Gargash said voting was an opportunity to ensure youth was represented in the consultative body.

He advised the cadets to listen carefully to candidates and make considered decisions on who would best represent them.

“I hope you will follow up with the campaigns and take this opportunity to support the country. Your opinion matters and your point of view is important to the country,” Dr Gargash said.

“Sometimes candidates offer things that are not of the council’s specialisations. But you must differentiate between campaigns. You are mature and must make sure that what they are promising is do-able.”

He said voters needed to know their rights when electing their representatives.

“As a local, your life is managed by laws and regulations that have gone through the FNC before becoming a part of legislation.

“All UAE laws have gone through the council for discussion and updates. All of the laws have been revised and updated by our parliament, and they always require development.

“The council discusses the given issues in the country. This is how your contribution comes with national and practical benefits.”

Dr Gargash praised the recruits for answering their country’s call, saying it would add to the country’s stability.

“We must continue to learn from other countries, but before that we need to have a holistic sense of security that you cadets have learnt about during the national service training all these months.

“We cannot continue to grow without the basis of safety, security and stability, and we will succeed because of your efforts now and in the future.”

aalkhoori@thenational.ae

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Ovasave%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20November%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Majd%20Abu%20Zant%20and%20Torkia%20Mahloul%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Healthtech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20Three%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%24400%2C000%3C%2Fp%3E%0A
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
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The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

Know your Camel lingo

The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home

Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless

Asayel camels - sleek, short-haired hound-like racers

Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s

Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

The biog

Marital status: Separated with two young daughters

Education: Master's degree from American Univeristy of Cairo

Favourite book: That Is How They Defeat Despair by Salwa Aladian

Favourite Motto: Their happiness is your happiness

Goal: For Nefsy to become his legacy long after he is gon

Company%20Profile
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Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.


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