Ali Mousa from India irons kandouras at his Malabar tailoring shop on Kuwaiti shopping street in Ras Al Khaimah. Pawan Singh / The National
Ali Mousa from India irons kandouras at his Malabar tailoring shop on Kuwaiti shopping street in Ras Al Khaimah. Pawan Singh / The National
Ali Mousa from India irons kandouras at his Malabar tailoring shop on Kuwaiti shopping street in Ras Al Khaimah. Pawan Singh / The National
Ali Mousa from India irons kandouras at his Malabar tailoring shop on Kuwaiti shopping street in Ras Al Khaimah. Pawan Singh / The National

Coronavirus: Ras Al Khaimah’s old town shops look to Eid to save businesses


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The once-crowded shops on Ras Al Khaimah's Kuwait Shopping Street are deserted.

As the coronavirus pandemic continues, shoppers are avoiding venturing into the small alleys of what used to be the busiest and most popular shopping area in the old part of the city.

Neatly stacked abayas, colourful dresses and kanduras are left untouched on the shelves of stores that owners have opened in the hope of some last-minute Eid sales.

Traditionally, this time of the year is one of high sales for small retailers, with consumers purchasing food, gifts and clothes in the run-up to celebrating Eid with their family and friends. But not this year.

We are taking all the precautionary measures that the authorities have issued since the outbreak but people are avoiding coming to the market

Already affected by the growth in online sales, owners of small shops in the city’s old town are taking a double hit this year because of the Covid-19 outbreak.

The Eid shopping season usually starts from the beginning of Ramadan, runs through Eid Al Fitr and ends after about three months with Eid Al Adha.

Kuwait Shopping Street has been a favourite for locals and residents to pick up toys, perfumes and new outfits for the whole family, at reasonable prices.

This has been a part of residents’ Eid traditions for decades.

“This year is different, everything is different and we will suffer a lot if the situation remains the same,” said Ali Mousa, a 53-year-old Indian tailor and salesman at Malabar Gents Tailoring and Textiles, one of the city’s oldest tailoring shops.

“I have been working here in the shop for more than 15 years and this is the first time our sales have dropped more than 60 per cent during the Eid season.

Asim Atay of Al Farasha Abaya and Shaila garment shop waits patiently for customers. Pawan Singh / The National
Asim Atay of Al Farasha Abaya and Shaila garment shop waits patiently for customers. Pawan Singh / The National

“We used to stop taking orders in the second week of Ramadan [due to excessive demand] but now, we barely receive orders,” he said. Unlike in the past, he can now return finished orders within three days.

Mr Mousa, who mainly designs kanduras for men and children, said their prices have attracted shoppers but the fear of the virus is keeping them away.

“We are taking all the precautionary measures that the authorities have issued since the outbreak but people are avoiding coming to the market,” he said.

“We used to have three tailors at the shop but now it’s just me because there is no workload.”

Another tailor on the same street said that he opens his small shop only if he receives an order from his regular customers.

Imran Khan from Pakistan works at Zahrat Al Banafsaj garments shop. Pawan Singh / The National
Imran Khan from Pakistan works at Zahrat Al Banafsaj garments shop. Pawan Singh / The National

"I opened today because one of my customers called and needed an Abaya," said Asim Atay, a 22-year-old Afghan tailor and salesman at Al Farasha Abayas.

“Four tailors used to work here but two got stuck in their country and could not come back and the other two are home because we do not have a lot of orders.

“The shop used to get busy after the first ten days of Ramadan but now there are no customers. Why should we open and add more expenses?

“We still need to pay salaries, rent and utilities so closing and only taking phone orders is the best solution for now until things change.”

Giving gifts to loved ones is an integral part of Eid celebrations but owners of gift shops tell a similar tale of low sales.

Noor Mohammed, co-owner of Al Ansaf gift shop, said sales nosedived after February.

Gold prices are high and only few customers are coming to the shop

He now hopes to make some money during the Eid season to pay the salaries of his employees and cover basic expenses.

"Sales are still low and people are afraid to go out and do shopping," said the 45-year-old Pakistani who has been working in the UAE for about 31 years.

“I have six employees and I’m paying salaries out of my pocket now.

“I’m praying to God now as the situation is not in our hands.”

It is a double whammy for the gold jewellers, with precious metal prices reaching their highest level and the coronavirus keeping shoppers away.

“Gold prices are high and only a few customers are coming to the shop,” said Mohammed Iqbal, a 46-year-old Indian salesman at Ruby Jewellery.

Mohammed Iqbal of Ruby Jewellers says he has never witnessed such a drop in sales. Pawan Singh / The National
Mohammed Iqbal of Ruby Jewellers says he has never witnessed such a drop in sales. Pawan Singh / The National

“I have been in the business for 12 years and this is the first time we have witnessed such a drop in sales, especially during Eid, but we hope it won’t last long.”

Among the few shoppers looking for a bargain was Umm Rashid Al Nuaimi, a 49-year-old Emirati mother of five.

She was out to pick up some traditional embroidered dresses for herself and her daughters.

“I usually spend two to three hours at the market with my daughters looking for good deals and good quality outfits but today I only spent 15 minutes at one shop. I picked up three dresses very quickly and am leaving now,” Mrs Al Nuaimi said.

“Shopping is an important part of Eid that we will miss this year.”

Mrs Al Nuaimi said the pandemic has dampened the festive spirit of Eid Al Fitr but she hopes for a normal Eid Al Adha.

“We enjoy preparing for Eid and the children love it but this time we will not be able to visit family members and invite them over,” she said.

"But we will still celebrate it at home with the children. I will make them help me prepare Eid sweets and we will wear new outfits, exchange gifts and give eidiya to children."

The first day of Eid Al Fitr is determined after sighting the crescent moon that indicates the start of the month of Shawwal.

Premier League results

Saturday

Crystal Palace 1 Brighton & Hove Albion 2

Cardiff City 2 West Ham United 0

Huddersfield Town 0 Bournemouth 2

Leicester City 3 Fulham 1

Newcastle United 3 Everton 2

Southampton 2 Tottenham Hotspur 1

Manchester City 3 Watford 1

Sunday

Liverpool 4 Burnley 2

Chelsea 1 Wolverhampton Wanderers 1

Arsenal 2 Manchester United 0

 

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Miss Granny

Director: Joyce Bernal

Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa

3/5

(Tagalog with Eng/Ar subtitles)

The specs

Price, base / as tested Dh100,000 (estimate)

Engine 2.4L four-cylinder 

Gearbox Nine-speed automatic 

Power 184bhp at 6,400rpm

Torque 237Nm at 3,900rpm

Fuel economy, combined 9.4L/100km

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

If you go

The flights
Etihad (etihad.com) flies from Abu Dhabi to Luang Prabang via Bangkok, with a return flight from Chiang Rai via Bangkok for about Dh3,000, including taxes. Emirates and Thai Airways cover the same route, also via Bangkok in both directions, from about Dh2,700.
The cruise
The Gypsy by Mekong Kingdoms has two cruising options: a three-night, four-day trip upstream cruise or a two-night, three-day downstream journey, from US$5,940 (Dh21,814), including meals, selected drinks, excursions and transfers.
The hotels
Accommodation is available in Luang Prabang at the Avani, from $290 (Dh1,065) per night, and at Anantara Golden Triangle Elephant Camp and Resort from $1,080 (Dh3,967) per night, including meals, an activity and transfers.

Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

Florida: The critical Sunshine State

Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991. 

Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.

In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.

Changing visa rules

For decades the UAE has granted two and three year visas to foreign workers, tied to their current employer. Now that's changing.

Last year, the UAE cabinet also approved providing 10-year visas to foreigners with investments in the UAE of at least Dh10 million, if non-real estate assets account for at least 60 per cent of the total. Investors can bring their spouses and children into the country.

It also approved five-year residency to owners of UAE real estate worth at least 5 million dirhams.

The government also said that leading academics, medical doctors, scientists, engineers and star students would be eligible for similar long-term visas, without the need for financial investments in the country.

The first batch - 20 finalists for the Mohammed bin Rashid Medal for Scientific Distinction.- were awarded in January and more are expected to follow.

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Profile of VoucherSkout

Date of launch: November 2016

Founder: David Tobias

Based: Jumeirah Lake Towers

Sector: Technology

Size: 18 employees

Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake

Investors: Seed round was self-funded with “millions of dollars” 

UAE Tour 2020

Stage 1: The Pointe Palm Jumeirah - Dubai Silicon Oasis, 148km
Stage 2: Hatta - Hatta Dam, 168km​​​​​​​
Stage 3: Al Qudra Cycle Track - Jebel Hafeet, 184km​​​​​​​
Stage 4: Zabeel Park - Dubai City Walk, 173km​​​​​​​
Stage 5: Al Ain - Jebel Hafeet, 162km​​​​​​​
Stage 6: Al Ruwais - Al Mirfa, 158km​​​​​​​
Stage 7: Al Maryah Island - Abu Dhabi Breakwater, 127km

MATCH INFO

Uefa Champions League semi-final, second leg result:

Ajax 2-3 Tottenham

Tottenham advance on away goals rule after tie ends 3-3 on aggregate

Final: June 1, Madrid

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5