'I hope for more rain... the crops will be tastier', says UAE farmer


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ABU DHABI // While farmers say the rain of the past month has been a boon for their crops, for fishermen the unsettled weather has brought nothing but misery.

"We haven't seen rain like this in 30 years," said Yousef Qassem Hassan, a farmer in Al Gharbia for the past 15 years.

"There is much more rain than usual but it's good because it changes the quality of the dates."

His 300 date palm trees have received much-needed water, ridding them of bugs. "I hope there will be more rain because it kills diseases and insects that enter the trees' roots," he said. "It cleans the soil and gets rids of worms."

And the watermelons, melons, onions, parsley and tomatoes on his 1.155 hectare farm have thrived. "This means tastier produce," he said.

Rashid Sleem Al Kaitbi, an organic farmer in Al Ain, agreed. "There is a lot of dust and sand in the UAE so this rain just cleaned it," he said. "It's very good because it washed my whole farm."

He said 20 years ago there was generally much more rain than these days, which saved him having to irrigate so much. "It's the first time I've seen so much rain, especially so close to summer," he said. "It's weird but thank God."

The soil on his 3.35 hectare farm, which grows tomatoes, cucumbers, celery, aubergines and 300 date palm trees, has been cleansed of salt and diseases, he said. "I'm very happy."

And the rain could not have come at a better time for Naoufal Mohammad, a farmer in Al Ain. "During this time of the season, it's good, especially in open fields because it washes off the soil and balances it out," he said. "It provides clean water, collects the salt and washes it away."

He said it was the most rain he had witnessed in the past four years.

"We usually get more rain in the mountainous side of Oman, but not a lot in Al Ain," he said.

For Kamal Azzam, the manager of a 5.2 hectare farm in Sweihan, the weather has been "perfect. We haven't seen this rain in 10 years".

"There is much more than last year, by far, and we're loving it," he said.

But fishermen were more concerned with the wind. "Big ships stay out to sea for days so if there's a storm, they can't go out and they have to be careful," said Ali Al Mansouri, a fisherman and manager of the Abu Dhabi Fishermen Cooperative Society. "When there is a storm, we go to any island nearby to hide, the opposite side of the wind direction."

And it has hurt catches. "The price of a kilo of hammour last week was Dh17," he said. "This week, it's Dh34 because we couldn't get as much.

"Some boats can bring three tonnes of fish every four to five days. But with strong wind, they can stay docked for up to 20 days."

About 100 fishermen plan to go out to sea after Tuesday, when the weather is expected to be calmer.

"This is the sea, it's the most dangerous job in the world and it's very hard to predict wind direction and speed," he said.

Mohammed Al Zaabi, a fisherman in Abu Dhabi, was not too pleased with the weather either. "I can go out to sea with a wind speed of up to 20kph," he said.

"But more than that, we cannot because there are too many waves and we cannot work that way."

But Seif Saeed, a fisherman in Umm Al Quwain for about 40 years, is more sanguine. "I like this weather because there's no sun and no heat," he said. "I managed to get 200 kilograms of fish today. I have three boats, which helps, but if the wind gets stronger, it's not good for us."

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

How to turn your property into a holiday home
  1. Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
  2. Research equivalent Airbnb homes in your location to ensure competitiveness.
  3. Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
  4. Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
  5. Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.
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if you go

The flights

Air France offer flights from Dubai and Abu Dhabi to Cayenne, connecting in Paris from Dh7,300.

The tour

Cox & Kings (coxandkings.com) has a 14-night Hidden Guianas tour of Guyana, Suriname and French Guiana. It includes accommodation, domestic flights, transfers, a local tour manager and guided sightseeing. Contact for price.