Basma Huneidi and Mustafa al Sewaifi are among the people provided with temporary accommodation at a hotel in Sharjah.
Basma Huneidi and Mustafa al Sewaifi are among the people provided with temporary accommodation at a hotel in Sharjah.

Sharjah fire leaves hundreds homeless



SHARJAH // More than 200 families have been moved after a massive fire on Tuesday evening destroyed the 14-storey building where they lived. The fire started about 5:30pm in the al Kuwait tower and more than 100 firefighters spent more than five hours putting out the blaze. Six people were injured; no one died.

"We have seen big fires here but not at any time did fire burn completely a whole tower like this," said Col Waheed al Serkal, the Sharjah Civil Defence director general. "This fire is equivalent to that of factories and industries we have handled before." Large fires have plagued the Northern Emirates as the weather has turned hotter. Many have broken out in industrial areas, some of which are near housing developments. Five warehouses belonging to National Paints were destroyed in May in a blaze that affected residents as it spread.

The displaced families were put in three hotels at the expense of UAE Red Crescent. Almost 60 people from 21 families were sent to the Amwaj Hotel Suites, al Dhiyafa Palace Hotel and the Rayan Hotel, said Salah Salman, the public relations director at the Red Crescent branch in Sharjah. "We gave them all the basic requirements like clothes, free meals and toiletries last night, and we are willing to host them until they can again afford their own accommodation elsewhere," he said.

The Ministry of Interior was following up on the victims to help them with any documents that were lost, he said. Salih Eid al Shuwayheen, the Director of Charity Affairs at the Sharjah International Charitable Organisation, said they are offering the victims cash donations. "We have so far given Dh1,500 to all those staying in hotels on Red Crescent account," he said. "We shall continue giving more money and required assistance to all the victims who come to us."

Some residents of the tower said they felt lucky to escape with their lives. Mustafa al Sewaifi, an Egyptian who teaches Arabic in Sharjah, said he was asleep when the fire broke out. Police directing the evacuation woke him up. "I looked everywhere in the room and there was darkness," he said. "I jumped to the door and the rescue people were in the staircase calling on a loud microphone to anyone who needed assistance to move out. I screamed aloud that I was there and two rescuers appeared and helped me go down the stairs."

Mr al Sewaifi, who has been in the UAE since 1968, found his wife pleading with rescuers to go up and find him in their seventh- floor apartment. They lost all their belongings in the house and their car, which was parked outside the building, also caught fire. Rafidah Hamza, a Sudanese woman visiting the Emirates, was in a relative's apartment on the third floor. She also heard the evacuation calls.

"All I could carry with me was my Sudan wrap," she said. "I ran barefooted from the house and remained like that for the whole evening." Raja Ram, a resident of the tower's seventh floor, escaped the fire because he was returning home from work at the time and was sitting in a traffic jam on the Al Arouba Road. He said he learnt about the fire from a radio broadcast. In a second incident, a fire gutted a glass warehouse in Sharjah's industrial area. The fire started about 3pm and was put out in less than an hour. No one was believed to have been injured.

ykakande@thenational.ae

MATCH INFO

Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

Man of the match: Marcus Rashford (Manchester United)

Results:

Men's 100m T34: 1. Walid Ktila (TUN) 15 sec; 2. Rheed McCracken (AUS) 15.40; 3. Mohammed Al Hammadi (UAE) 15.75. Men's 400m T34: 1. Walid Ktila (TUN) 50.56; 2. Mohammed Al Hammadi (UAE) 50.94; 3. Henry Manni (FIN) 52.24.

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

BANGLADESH SQUAD

Mashrafe Mortaza (captain), Tamim Iqbal, Liton Das, Soumya Sarkar, Mushfiqur Rahim (wicketkeeper), Mahmudullah, Shakib Al Hasan (vice captain), Mohammad Mithun, Sabbir Rahaman, Mosaddek Hossain, Mohammad Saifuddin, Mehidy Hasan Miraz, Rubel Hossain, Mustafizur Rahman, Abu Jayed (Reporting by Rohith Nair in Bengaluru Editing by Amlan Chakraborty)

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

Match info

Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45+3')

Southampton 0

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Company Profile 

Founder: Omar Onsi

Launched: 2018

Employees: 35

Financing stage: Seed round ($12 million)

Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners

Barbie

Director: Greta Gerwig
Stars: Margot Robbie, Ryan Gosling, Will Ferrell, America Ferrera
Rating: 4/5

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Company profile

Name: Tabby
Founded: August 2019; platform went live in February 2020
Founder/CEO: Hosam Arab, co-founder: Daniil Barkalov
Based: Dubai, UAE
Sector: Payments
Size: 40-50 employees
Stage: Series A
Investors: Arbor Ventures, Mubadala Capital, Wamda Capital, STV, Raed Ventures, Global Founders Capital, JIMCO, Global Ventures, Venture Souq, Outliers VC, MSA Capital, HOF and AB Accelerator.


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