Abdul Kalam Azadh braved searing heat to rescue people from their cars.
Abdul Kalam Azadh braved searing heat to rescue people from their cars.

Honour for man who rescued survivors of car crash



DUBAI // The restaurant delivery man who pulled survivors from burning cars after a fatal crash was feted at the Indian Consulate yesterday during national day celebrations. One woman was killed and two men were injured in the crash on Al Sufouh Road near Dubai College on August 3. Dubai police said the death toll could have been much higher if not for the courage shown by Abdul Kalam Azadh, 32, and two others who braved searing heat to open car doors and rescue the people inside. Mr Azadh, a soft-spoken Indian who worked with Dubai Municipality for a decade before he got his restaurant job, was unfazed by all the attention at the consulate ceremonies. However, he remains shaken by the after-effects of the accident, which occurred when a speeding 4x4 had a tyre burst and crashed into several vehicles waiting at a stoplight.

"Sometimes I think, 'What is the use if people now know my name and praise me?'" said Mr Azadh. "Someone's mother has died, people were injured, people lost their cars, they could have lost their lives. I just hope not to ever see another accident, not in Dubai, not anywhere." He then spent some quiet time with the family of the 72-year-old Indian woman who died in the back seat of one car, while her driver escaped with minor injuries. Her relatives said they met with Mr Azadh to help them understand what transpired in the moments before the accident. "No one knows exactly what happened and he explained to us what he saw," said a relative. The family offered Mr Azadh a job with the Dubai business they run. He has also been offered employment in a Dubai financial services firm. Still, he said he had no plans to trade in his current job at the Chalet Restaurant, known for Arabic and Indian cuisine. "I am happy where I am, my manager is good so I am not changing my job now," said Mr Azadh, who added he had not yet told his wife in southern India about the accident. "It's best not to tell her," he said. "Women get scared. She will say, 'Why did you go there?' Mr Azadh was greeted by several hundred Indian expatriates and given a mobile phone during an Independence Day function at the consulate. People clapped and cheered when he was called on stage by Sanjay Verma, the consul general of India in Dubai. "Not caring for your safety, you successfully rescued a number of accident victims," said Mr Verma. "By your selfless act you emerged a real-life hero. You have made us all proud." Mr Azadh, who was also awarded a certificate of recognition by the consulate, said the crowd's appreciation took away some of his bad memories of the incident. "I did feel a little happy when I went on stage," he said. "There were so many big people, big men who were clapping for me." Indian businessmen, workers and students were packed into a compact hall inside the consulate in celebration of India's national day before heading off to work. Children waved tricoloured Indian flags as their parents hummed national songs to mark India's independence in 1947 after two centuries of British rule. "We should celebrate Independence Day as a festival," Mr Verma said. "You must demonstrate your nationalism through your excellence at work, wherever you may work." Mr Verma also praised the strong bilateral relations between the UAE and India as he spoke in Hindi and English to a crowd that spilled out of an auditorium decorated with saffron, white and green streamers. The Indian population in the Emirates is more than 1.5 million strong, many of whom came to Dubai in the 1950s to set up businesses and search for employment. The Indian choir Malhaar gave a 15-minute recital as part of the festivities that featured traditional musical instruments such as the tabla, a small drum; the mridangam, a barrel-shaped drum; and the harmonium, a small organ. Some said it was pleasant to come to the consulate for reasons other than personal business. "This is the first time I've come to the consulate to enjoy myself. I have come before only for my visa work," said Laxman Shrena, a construction labourer who was accompanied by 10 coworkers. "These songs fill me with great joy and I immediately think of my home and my country." rtalwar@thenational.ae

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Specs%3A%202024%20McLaren%20Artura%20Spider
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%203.0-litre%20twin-turbo%20V6%20and%20electric%20motor%3Cbr%3E%3Cstrong%3EMax%20power%3A%3C%2Fstrong%3E%20700hp%20at%207%2C500rpm%3Cbr%3E%3Cstrong%3EMax%20torque%3A%3C%2Fstrong%3E%20720Nm%20at%202%2C250rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20Eight-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3E0-100km%2Fh%3A%3C%2Fstrong%3E%203.0sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%20%3C%2Fstrong%3E330kph%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh1.14%20million%20(%24311%2C000)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Company%20profile
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Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199

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The bio

Favourite vegetable: Broccoli

Favourite food: Seafood

Favourite thing to cook: Duck l'orange

Favourite book: Give and Take by Adam Grant, one of his professors at University of Pennsylvania

Favourite place to travel: Home in Kuwait.

Favourite place in the UAE: Al Qudra lakes

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
RESULTS

1.45pm: Maiden Dh75,000 1,400m
Winner: Dirilis Ertugrul, Fabrice Veron (jockey), Ismail Mohammed (trainer)
2.15pm: Handicap Dh90,000 1,400m
Winner: Kidd Malibu, Sandro Paiva, Musabah Al Muhairi
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3.15pm: Handicap Dh105,000 1,200m
Winner: Au Couer, Sean Kirrane, Satish Seemar
3.45pm: Maiden Dh75,000 1,600m
Winner: Rayig, Pat Dobbs, Doug Watson
4.15pm: Handicap Dh105,000 1,600m
Winner: Chiefdom, Royston Ffrench, Salem bin Ghadayer
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Winner: King’s Shadow, Richard Mullen, Satish Seemar

Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.

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.”

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

The specs

The specs: 2019 Audi Q8
Price, base: Dh315,000
Engine: 3.0-litre turbocharged V6
Gearbox: Eight-speed automatic
Power: 340hp @ 3,500rpm
Torque: 500Nm @ 2,250rpm
Fuel economy, combined: 6.7L / 100km
 

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5

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