Antony Joy struck it lucky with a Dh2 million win from the 18th weekly live draw by Mahzooz. Courtesy: Antony Joy
Antony Joy struck it lucky with a Dh2 million win from the 18th weekly live draw by Mahzooz. Courtesy: Antony Joy
Antony Joy struck it lucky with a Dh2 million win from the 18th weekly live draw by Mahzooz. Courtesy: Antony Joy
Antony Joy struck it lucky with a Dh2 million win from the 18th weekly live draw by Mahzooz. Courtesy: Antony Joy

UAE

Worker who earns Dh3,000 wins Dh2 million in UAE lottery

Antony Joy struck it lucky in the 18th weekly draw by Mahzooz

Sarwat Nasir
Sarwat Nasir
UAE

April 01, 2021

  • English
  • Arabic

An Indian man living in Oman who won Dh2 million from a live draw held by a UAE company will pay off his bank loans and support his elderly parents.

Antony Joy, 39, moved to Oman 16 years ago and has been working as a lab technician at a construction firm – earning the equivalent of Dh3,000 per month.

On Wednesday, Mahzooz organisers informed Mr Joy that he won the grand prize.

"It felt like a dream. I couldn't believe it," he told The National.

“I have been participating regularly and didn’t think I had a chance, but now it’s a reality. The funds are going to help me pay my bank loans and help my parents.”

Mr Joy has to pay off bank loans of about Dh125,000.

He said he would use the rest of the winnings to take care of his parents, who live in India.

“I can take better care of them and my community now,” Mr Joy said. “I also want to donate to some charity.”

He shares a small apartment with a colleague, provided to him by his company.

He said he might upgrade to a better flat, but does not want to rush any decisions on how to spend the money.

Mr Joy was the winner of the 18th live draw by Mahzooz, which is operated by Ewings, a technology and operations management company.

To participate in the draw, registrations can be made online.

Participants are required to buy a Dh35 bottle of water. Each bottle of water purchased provides eligibility for one line in the draw.

Entrants participate in an interactive live draw, where they match certain numbers and win prizes.

The money collected by Mahzooz through sale of water bottles is donated to charity.

Several people in the Emirates and other Arab countries have struck it lucky with lottery wins this year.

Another Indian citizen in Oman won Dh20m through an Abu Dhabi raffle draw in January.

A Filipina won Dh1m after wiring her father Dh186 through Al Ansari Exchange.

The next draw by Mahzooz will be on April 3.

Read more about previous Mazooz and Emirates Loto winners:

Seven winners in Dubai share Dh1 million Mahzooz weekly jackpot

Emirates Loto winner uses prize money to help needy friends and relatives

Emirates Loto winner uses Dh100,000 prize to help family caught up in Beirut blast

Irish teacher in Abu Dhabi wins Dh500,000 with Emirates Loto after forgetting he had ticket

First Emirati loto winner to share his prize with family

How would you spend Dh20 million? - in pictures

  • So how would you spend Dh100 million? To truly live life in the fast lane you need a luxury car in the garage. The limited edition Bugatti Chiron Super Sport 300+ is for the most passionate of petrolheads, retailing at more than Dh14 million
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  • Once you have your flashy new set of wheels, it makes sense to get a personalised number plate. The V12 plate sold for a tidy Dh7.2 million at a previous RTA auction in Dubai. Satish Kumar / The National
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  • Travel in style on board Etihad's The Residence. VIP flights come with a host of perks, including a comfy bed.
    Travel in style on board Etihad's The Residence. VIP flights come with a host of perks, including a comfy bed.
  • When money is no object, why not splash out on a stay at a submarine hotel? This luxurious underwater establishment in St Lucia will set you back Dh1 million a night
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    A boost to the bank balance affords one the opportunity to travel the world. How about a trip to Paris once you need a break from lazing around the mansion?
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  • Live the high life with a plush apartment in the world's tallest building, Burj Khalifa. Lavish pads are available for under Dh5 million. Satish Kumar / The National
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UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

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Capernaum (Lebanon)

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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.

CHELSEA SQUAD

Arrizabalaga, Bettinelli, Rudiger, Christensen, Silva, Chalobah, Sarr, Azpilicueta, James, Kenedy, Alonso, Jorginho, Kante, Kovacic, Saul, Barkley, Ziyech, Pulisic, Mount, Hudson-Odoi, Werner, Havertz, Lukaku. 

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%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAlexander%20Payne%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Paul%20Giamatti%2C%20Da'Vine%20Joy%20Randolph%2C%20Dominic%20Sessa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204.5%2F5%3C%2Fp%3E%0A
Your Guide to the Home
  • Level 1 has a valet service if you choose not to park in the basement level. This level houses all the kitchenware, including covetable brand French Bull, along with a wide array of outdoor furnishings, lamps and lighting solutions, textiles like curtains, towels, cushions and bedding, and plenty of other home accessories.
  • Level 2 features curated inspiration zones and solutions for bedrooms, living rooms and dining spaces. This is also where you’d go to customise your sofas and beds, and pick and choose from more than a dozen mattress options.
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BUNDESLIGA FIXTURES

Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

 

 

Hydrogen: Market potential

Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.

"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.

Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.

The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.

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.

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