Sheikh Mohammed bin Rashid, the Prime Minister and Ruler of Dubai, right, with Sheikh Mansour bin Zayed, Minister of Presidential Affairs, and Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, at last night's launch in Dubai of Zayed Day for Humanitarian Work. Wam
Sheikh Mohammed bin Rashid, the Prime Minister and Ruler of Dubai, right, with Sheikh Mansour bin Zayed, Minister of Presidential Affairs, and Sheikh Saif bin Zayed, Deputy Prime Minister and MinisterShow more

UAE honours its founding father by proclaiming Zayed Day for good works



DUBAI // The 19th of Ramadan will from now be known as Zayed Day for Humanitarian Work, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, announced yesterday.

"God does not give to those who do not give," Sheikh Zayed once said.

The UAE has been participating in and supporting humanitarian programmes since 1986.

Sheikh Mohammed received certificates of appreciation from various branches of the United Nations, including a letter of appreciation from UN Secretary General Ban Ki-moon, for the UAE contribution to humanitarian efforts around the world.

The President, Sheikh Khalifa, welcomed the initiative, which falls on the ninth anniversary of the passing of the father of the UAE based on the Hijri calendar.

"It's a kind initiative which we support and urge all - individuals and government and non-government organisations - to support and sponsor, engage and rally behind it for promoting values of goodness, nobleness and giving, which constitute core components of the Emirati national identity," the President said.

"It also glorifies the culture of human volunteerism, cooperation and solidarity whose good seed was sown by the late Sheikh Zayed, and his fellows the founding fathers. Their sons, grandsons and people of the UAE are all today pursuing their footsteps.

"On this blessed day of the holy month of Ramadan, we remember them all with deep sense of affection and loyalty and pray that their souls rest in eternal peace for what they offered to their homeland, nation and the humanity at large.

"They were the generation of generosity and giving - our fathers whom we take pride in and whom we are proud of before other nations."

"Whatever we say and however much we talk about Sheikh Zayed's kindness and philanthropy we still cannot do it justice, his kindness knew no bounds," Mohammed al Zaroni, Director of the Dubai Branch of the Red Crescent Authority.

"Zayed is what all Emiratis aspire to be like, every Emirati knows that they are the son or daughter of Zayed," said Al Zaroni.

The Red Crescent is in charge of distributing the aid for Sheikh Mohammed's Clothe One Million Children, which was launched at the start of Ramadan and managed to surpass its target in only 10 days.

"The RCA's aid efforts reach as far as the Philippines, Bosnia, Mexico and beyond," he said. "This is a due to the support that Sheikh Zayed gave us, which the UAE leaders are now continuing to raise the banner for."

"Since we lost in 2004, a great philanthropist and the founding father of the UAE the late Sheikh Zayed, we have been inspired by his rich legacy," said Sheikh Hamdan bin Zayed, Ruler's Representative in the Western Region and Chairman of the RCA. Sheikh Hamdan paid a tribute to the RCA employees and volunteers for their self-denial and sacrifices, noting that they have been providing necessary assistance to those need it to alleviate suffering.

He also praised Emirati and resident philanthropists for their valuable support to the RCA.

The President added that Sheikh Zayed's philanthropic legacy inspires UAE people and community organisations to donate generously in support of the needy and vulnerable segments within the UAE and abroad.

"We value these government and private humanitarian initiatives which swept across the country in response to the Federal Cabinet resolution to dedicate the anniversary of the late Sheikh Zayed as a celebration of the Emirates Humanitarian Work Day."

The President gave thanks to all those who have contributed to the success of the day which firmly promotes the benevolent, humanitarian image of the UAE, enabling "our experiment, our State and our citizens" to earn the respect and regard of the world.

Sheikh Khalifa prayed to Allah to protect "our State; the State of security, peace and decent life; the State of giving which extends its helping hand to the poor and needy everywhere".

Asia Cup Qualifier

Final
UAE v Hong Kong

TV:
Live on OSN Cricket HD. Coverage starts at 5.30am

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

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Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

What went into the film

25 visual effects (VFX) studios

2,150 VFX shots in a film with 2,500 shots

1,000 VFX artists

3,000 technicians

10 Concept artists, 25 3D designers

New sound technology, named 4D SRL

 

Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press

Real Madrid 1
Ronaldo (87')

Athletic Bilbao 1
Williams (14')

 

 

The Bio

Favourite place in UAE: Al Rams pearling village

What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft

Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans

Best time to swim in the sea: When there is enough light to see beneath the surface

Stan Lee

Director: David Gelb

Rating: 3/5

LA LIGA FIXTURES

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

The specs

Engine: 2-litre 4-cylinder mild hybrid
Transmission: 7-speed S tronic
Power: 265hp / 195kW
Torque: 370Nm
Price: from Dh260,000
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COMPANY PROFILE

Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

How to tell if your child is being bullied at school

Sudden change in behaviour or displays higher levels of stress or anxiety

Shows signs of depression or isolation

Ability to sleep well diminishes

Academic performance begins to deteriorate

Changes in eating habits

Struggles to concentrate

Refuses to go to school

Behaviour changes and is aggressive towards siblings

Begins to use language they do not normally use

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

MATCH INFO

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Paris Saint-Germain (1) v Borussia Dortmund (2)
Kick-off: Midnight, Thursday, March 12
Stadium: Parc des Princes
Live: On beIN Sports HD

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

Bio

Born in Dibba, Sharjah in 1972.
He is the eldest among 11 brothers and sisters.
He was educated in Sharjah schools and is a graduate of UAE University in Al Ain.
He has written poetry for 30 years and has had work published in local newspapers.
He likes all kinds of adventure movies that relate to his work.
His dream is a safe and preserved environment for all humankind. 
His favourite book is The Quran, and 'Maze of Innovation and Creativity', written by his brother.

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

MEDIEVIL (1998)

Developer: SCE Studio Cambridge
Publisher: Sony Computer Entertainment
Console: PlayStation, PlayStation 4 and 5
Rating: 3.5/5

Sly Cooper and the Thievius Raccoonus

Developer: Sucker Punch Productions
Publisher: Sony Computer Entertainment
Console: PlayStation 2 to 5
Rating: 5/5

SPECS: Polestar 3

Engine: Long-range dual motor with 400V battery
Power: 360kW / 483bhp
Torque: 840Nm
Transmission: Single-speed automatic
Max touring range: 628km
0-100km/h: 4.7sec
Top speed: 210kph
Price: From Dh360,000
On sale: September


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