DUBAI // Oblivious to the stifling midday heat outside, shoppers and tourists milled about the air-conditioned Naif Souq yesterday as it officially re-opened after two years of rebuilding.
A group of women bargained with a trader over the price of a headscarf as another couple bought ice cream from a nearby kiosk. A plaque at the entrance informed visitors the new souq was under the patronage of Sheikh Majid bin Mohammed bin Rashid, the chairman of Dubai Culture and Arts Foundation.
Its predecessor was widely recognised as one of the oldest and busiest traditional markets in Dubai, attracting shoppers from across the Gulf region. The modern, spacious two-storey complex that has replaced it is a far cry from the original building that was gutted by fire in April 2008.
"The old souq was popular but it had disadvantages - it was not air-conditioned and space was a problem," said Salem Zayed, who heads the Dubai Municipality markets unit. "We tried to capture the old souq's essence with a design that matches our heritage. Summer is a time when people like visiting souqs, so the air-conditioned premises will be a welcome change."
Shoppers did not seem to be in a rush as they browsed leisurely through shops looking for bargains. Some, such as Amara Javaid from Pakistan, said the new souq had definite advantages over the old.
"Growing up here, I would visit the old souq frequently and it certainly had its own charm," she said. "I felt terrible for the shopkeepers, though, because it used to be hot and stuffy. This is comfortable for traders and visitors."
Despite the traditional hanging lanterns, the souq has evolved with the times. Visitors were quick to note the improved amenities, which include underground parking, lifts, rest rooms and coffee shops. The souq has 218 stores, 111 on the ground floor and 107 on the first floor.
"There is a big difference now because it is organised, clean and air-conditioned," said Ruqaya al Shezawi, an Omani teacher. "Naif is popular among Omani visitors and many would visit this area specifically for its cultural vibe. However, I know some people who are now choosing to go to Al Ain and Fujairah in search of the old souq experience."
Shopkeepers such as Ghulam Mohammad, an Afghan trader, said they were relieved to be working indoors.
"It was too hot before and this is a nice building," he said. "I am sure more people will come and buy from us."
balqabbani@thenational.ae
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The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
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