A 11km bridge project that connects Al Reem Island, Umm Yifenah Island and Sheikh Zayed bin Sultan Street in Abu Dhabi opened to traffic on Thursday.
Sheikh Khaled bin Mohamed, a member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, opened the bridge, said Abu Dhabi Media Office.
The project has seven bridges, including two that run over water for 3.8km. The six-lane highway, built by Aldar in partnership with the Department of Municipalities and Transport, can accommodate 6,000 vehicles an hour in each direction.
It also includes pedestrian and cycle paths.
To preserve the natural environment in the area surrounding the project, the developers used precast concrete elements and arch-shaped causeways to ensure water flow and minimise adverse impact on mangrove wetlands, said officials.
The arched causeway also maintains navigation channels for boats and allows fish and other marine animals to pass freely. Mangrove trees were also planted on nearby Jubail Island.
Aldar sourced 85 per cent of materials locally, as part of its commitment to adding value to the local economy.
The bridge is the first phase of the Mid Island Parkway project that is currently under design. It will ultimately link Al Reem Island and Saadiyat Island, Al Raha Beach and Khalifa City.
This network is planned for completion by 2028 and is designed to include cycle tracks and walking trails and incorporate sustainable landscapes.
Mohamed Ali Al Shorafa, chairman of the Department of Municipalities and Transport; Mohamed Khalifa Al Mubarak, chairman of the Department of Culture and Tourism – Abu Dhabi and chairman of Aldar; Saif Saeed Ghobash, secretary general of the Executive Council; and Talal Al Dhiyebi, group chief executive of Aldar, were also present at the opening ceremony.
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Company%20profile
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The Bloomberg Billionaire Index in full
1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion
The%20specs
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Our Time Has Come
Alyssa Ayres, Oxford University Press
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Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
COMPANY%20PROFILE
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
UAE currency: the story behind the money in your pockets
Emergency phone numbers in the UAE
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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COMPANY%20PROFILE
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Janet Yellen's Firsts
- In 2014, she became the first woman to lead the US Federal Reserve
- In 1999, she became the first female chair of the White House Council of Economic Advisers