The leaders of the UAE have greeted counterparts from across the Arab world to mark the start of the holy month. Sheikh Khalifa bin Zayed, the President of the UAE and Ruler of Abu Dhabi, sent goodwill messages to leaders abroad while Sheikha Fatima bint Mubarak, widow of Sheikh Zayed, founder of the nation, sent messages to the wives of the Arab and Muslim kings, presidents and emirs. - WAM
Several companies are donating proceeds from sales during the holy month to help build shelters for homeless people. ETA Star, Dubai Lifestyle City, Homes R Us and Star Cement are donating one per cent of sales during Ramadan towards building homes for the destitute in India, Pakistan, Bangladesh and northern Ethiopia. The companies are working with Habitat for Humanity. - The National
Abu Dhabi police will today begin distributing the first of an estimated 30,000 meals that officers will provide for motorists during Ramadan. Police will provide the meals in the capital, Al Ain and Al Gharbia. Maj Nasser al Kaabi, a police spokesman, said the service helped police strengthen communication with all sectors of society and was an important humanitarian gesture.- The National
The Sheikh Khalifa bin Zayed Al Nahyan Charity Foundation is hosting Ramadan iftar events in several Islamic capitals during the holy month. The events will be hosted by the UAE embassies in each of the participating countries. Among the cities are Sana'a and Mogadishu. The initiative is in line with the instructions of Sheikh Mansour bin Zayed, Minister of Presidential Affairs - WAM
The seventh annual Ramadan Forum will begin in Dubai on Sunday. The forum, which is organised by the Dubai Department of Tourism and Commerce Marketing, will feature lectures by scholars from across the Muslim world. It will also showcase projects developed by young Emiratis at the Ramadan Forum Souq. The event will be held in front of the Dubai Free Zone in Al Tawar from the seventh to the 20th day of the holy month. ? The National
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Indoor Cricket World Cup Dubai 2017
Venue Insportz, Dubai; Admission Free
Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa
Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
Director: Paul Weitz
Stars: Kevin Hart
3/5 stars
88 Video's most popular rentals
Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.
Sholay: a 1975 Indian action-adventure film. It follows the adventures of two criminals hired by police to catch a vagabond. The film was panned on release but is now considered a classic.
Lucifer: is a 2019 Malayalam-language action film. It dives into the gritty world of Kerala’s politics and has become one of the highest-grossing Malayalam films of all time.
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
UAE jiu-jitsu squad
Men: Hamad Nawad and Khalid Al Balushi (56kg), Omar Al Fadhli and Saeed Al Mazroui (62kg), Taleb Al Kirbi and Humaid Al Kaabi (69kg), Mohammed Al Qubaisi and Saud Al Hammadi (70kg), Khalfan Belhol and Mohammad Haitham Radhi (85kg), Faisal Al Ketbi and Zayed Al Kaabi (94kg)
Women: Wadima Al Yafei and Mahra Al Hanaei (49kg), Bashayer Al Matrooshi and Hessa Al Shamsi (62kg)