Although surrounded by skyscrapers, the Dubai World Trade Centre remains one of the most recognised landmarks along Sheikh Zayed Road.
Although surrounded by skyscrapers, the Dubai World Trade Centre remains one of the most recognised landmarks along Sheikh Zayed Road.
Although surrounded by skyscrapers, the Dubai World Trade Centre remains one of the most recognised landmarks along Sheikh Zayed Road.
Although surrounded by skyscrapers, the Dubai World Trade Centre remains one of the most recognised landmarks along Sheikh Zayed Road.

UAE currency: noteworthy nod to Dubai's past


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  • Arabic

DUBAI // The Dh100 note is in a league of its own, capturing the story of Dubai through two of its most historically significant buildings.

The pink note has on its front the oldest building in Dubai - the Al Fahidi Fort - and, on the back, the UAE's first tower, the Dubai World Trade Centre (DWTC).

As the landscape around these buildings changed dramatically, they stood firm to their origins.

Opened in February of 1979 by Sheikh Rashid, the late Ruler of Dubai, and Britain's Queen Elizabeth II, the 39-storey DWTC office tower, at 149 metres tall, was the single tallest building in the middle of the desert at that time.

Although it is now surrounded by far taller and much more distinct skyscrapers, it remains one of the most recognised landmarks along Sheikh Zayed Road.

The fort, built in 1799, was one of the residences of the ruling family of Dubai. It was renovated in 1970 for use as a museum.

It was the ruler's residence until about 1890, when the late Sheikh Maktoum bin Hasher Al Maktoum moved to the Shindagah area of Dubai.

Since its renovation, the fort has housed the Dubai Museum, and is regularly visited by tourists and students.

For the Emirati architect Rashad Bukhash, the Dh100 note carries a particular sentimental value because of the image of the fort on it.

"Our family home was right next to it," said Mr Bukhash, 50, who until the late 1980s was just a few walking steps from the structure.

He remembers when the children's football would fly over the walls of the fort, and the neighbourhood children would compete over who could retrieve it the fastest.

"The fort was everything, a palace and a royal home, a defence structure and garrison, an administrative building with a prison, and a majilis where the people could go and meet their sheikhs," he said.

Mr Bukhash's family moved to Jumeirah with the construction boom in Dubai that began in late 1980s.

However, his relationship with the fort continued: he was one of the main figures behind its renovations. Over the past two decades, he has renovated more than 150 historic sites and buildings in Dubai.

Square-shaped with towers at three of its corners, the fort includes a large courtyard surrounded on three sides by long, narrow halls. Further restoration and galleries were added in 1995. The galleries depict pre-oil Dubai life, with rooms of the former majilis and living quarters transformed into distinct decades of the emirate.

Firing cannons and archaeological discoveries are housed inside, along with galleries that recreate scenes from the Dubai Creek, pearl diving, traditional Emirati houses, souqs, desert and marine life.

"The fort is part of my childhood and part of my adulthood, and is an important historic building for Dubai and UAE as a whole," said Mr Bukhash, who is the director of the Architectural Heritage Department at Dubai Municipality.

Having supervised every inch of the fort's renovations, Mr Bukhash points out that the 12-metre high southern west cylindrical tower should be known as "the leaning tower of Dubai".

"As visitors go inside the fort and follow the path to the underground galleries of various historic periods of Dubai, they should look up and see the leaning tower," he said, leaving it to the visitors to go and find out just how much it is leaning.

The DWTC was designed by John Harris, a famous British architect who also worked on Dubai's first master plan in the late 1950s when there were barely any roads in the emirate. He died in 2008 aged 88.

The trade centre on the Dh100 note is accompanied by a falcon drawn in the bottom left corner. Looking in the direction of the centre, the falcon is symbolic of the national identity as it looks forward to the vision established by the former ruler of Dubai, who went on to transform a section of desert in Dubai into a thriving trade complex.

"It is so beautiful," said Kim Otaki, a Japanese tourist who took photos of the centre from inside a moving Dubai Metro train that passed by the tower on an elevated ramp.

"It has a 1970s feel to it, and stands out from the rest of the glossier towers of Dubai," she said.

The tower once stood alone, high above the desert floor. Over the years, a complex of hotels, exhibition halls and serviced apartment blocks were added around it.

"There is a famous story that goes that the Late Sheikh Rashid would always go to the construction site of the tower, and each time they build a floor, he would go on top of it, and look over his emirate from there," Mr Bukhash said. "He had a vision, and would see what we couldn't."

Last week, we looked at the oryx and the Al Jahili Fort on the Dh50 note. Next week, we will examine the Sharia Court Building, Zayed Sport City and the UAE Central Bank building on the Dh200.

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COMPANY%20PROFILE
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Company: Instabug

Founded: 2013

Based: Egypt, Cairo

Sector: IT

Employees: 100

Stage: Series A

Investors: Flat6Labs, Accel, Y Combinator and angel investors

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GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Vault%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202023%3Cbr%3E%3Cstrong%3ECo-founders%3A%20%3C%2Fstrong%3EBilal%20Abou-Diab%20and%20Sami%20Abdul%20Hadi%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EAbu%20Dhabi%3Cbr%3E%3Cstrong%3ELicensed%20by%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20Global%20Market%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3EInvestment%20and%20wealth%20advisory%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%241%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EOutliers%20VC%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E14%3Cbr%3E%3C%2Fp%3E%0A
FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

UAE currency: the story behind the money in your pockets
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

LUKA CHUPPI

Director: Laxman Utekar

Producer: Maddock Films, Jio Cinema

Cast: Kartik Aaryan, Kriti Sanon​​​​​​​, Pankaj Tripathi, Vinay Pathak, Aparshakti Khurana

Rating: 3/5

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

UAE currency: the story behind the money in your pockets
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The specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

So what is Spicy Chickenjoy?

Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
 

Brown/Black belt finals

3pm: 49kg female: Mayssa Bastos (BRA) v Thamires Aquino (BRA)
3.07pm: 56kg male: Hiago George (BRA) v Carlos Alberto da Silva (BRA)
3.14pm: 55kg female: Amal Amjahid (BEL) v Bianca Basilio (BRA)
3.21pm: 62kg male: Gabriel de Sousa (BRA) v Joao Miyao (BRA)
3.28pm: 62kg female: Beatriz Mesquita (BRA) v Ffion Davies (GBR)
3.35pm: 69kg male: Isaac Doederlein (BRA) v Paulo Miyao (BRA)
3.42pm: 70kg female: Thamara Silva (BRA) v Alessandra Moss (AUS)
3.49pm: 77kg male: Oliver Lovell (GBR) v Tommy Langarkar (NOR)
3.56pm: 85kg male: Faisal Al Ketbi (UAE) v Rudson Mateus Teles (BRA)
4.03pm: 90kg female: Claire-France Thevenon (FRA) v Gabreili Passanha (BRA)
4.10pm: 94kg male: Adam Wardzinski (POL) v Kaynan Duarte (BRA)
4.17pm: 110kg male: Yahia Mansoor Al Hammadi (UAE) v Joao Rocha (BRA

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Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

MATCH INFO

Barcelona 4 (Messi 23' pen, 45 1', 48', Busquets 85')

Celta Vigo 1 (Olaza 42')

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

Polarised public

31% in UK say BBC is biased to left-wing views

19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

Source: YouGov

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

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Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour

Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

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%3Cp%3EAuthor%3A%20S%20Frederick%20Starr%3Cbr%3EPublisher%3A%20Oxford%20University%20Press%3Cbr%3EPages%3A%20290%3Cbr%3EAvailable%3A%20January%2024%3C%2Fp%3E%0A
The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

'Midnights'
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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million