Man, 54, killed in collision


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ABU DHABI // One person was killed and 19 others injured after the minibus they were travelling in collided with a lorry yesterday morning. The collision occurred on the road between Ghuwayfat, in Al Gharbia, and Abu Dhabi city. The bus, which had Omani licence plates, was carrying Omani citizens. Twelve of the 19 injured were women. The dead man was identified as GN, 54, an Omani who was seated at the front of the bus.

Police said the accident happened after the bus driver failed to notice the large lorry travelling ahead of him. Capt Mohammed Salem al Shehi, the officer in charge at the scene of the accident, said the injured were taken to Al Mafraq Hospital, 30km from Abu Dhabi. "Drivers are advised to take frequent breaks when driving long distances as soon as they begin to feel fatigued in order to prevent such tragedies from occurring," Capt Shehi said.

@Email:ealghalib@thenational.ae

Teaching your child to save

Pre-school (three - five years)

You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.

Early childhood (six - eight years)

Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.

Middle childhood (nine - 11 years)

Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.

Young teens (12 - 14 years)

Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.

Teenage (15 - 18 years)

Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.

Young adulthood (19 - 22 years)

Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.

* JP Morgan Private Bank 

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360Vuz PROFILE

Date started: January 2017
Founder: Khaled Zaatarah 
Based: Dubai and Los Angeles
Sector: Technology 
Size: 21 employees
Funding: $7 million 
Investors: Shorooq Partners, KBW Ventures, Vision Ventures, Hala Ventures, 500Startups, Plug and Play, Magnus Olsson, Samih Toukan, Jonathan Labin

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Transmission: 8-speed dual-clutch auto

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