Recycling bottles in the UAE can earn residents discounts and other rewards if they sign up to ZeLoop. Getty Images
Recycling bottles in the UAE can earn residents discounts and other rewards if they sign up to ZeLoop. Getty Images
Recycling bottles in the UAE can earn residents discounts and other rewards if they sign up to ZeLoop. Getty Images
Recycling bottles in the UAE can earn residents discounts and other rewards if they sign up to ZeLoop. Getty Images

How a sustainable lifestyle can help expand your wealth


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Rishabh Mittal began recycling plastic bottles from home for the good of the planet.

But when he discovered ZeLoop – a UAE-based company and app that rewards people for depositing bottles at registered recycle points – the Dubai student extended his efforts to include residents in his building.

That resulted in the 13 year old amassing 500 bottles in one month last year, earning him “Eco-Rewards” and providing his family with grocery discounts worth Dh1,000.

Rishabh Mittal recycled 500 plastic bottles in one month last year using a rewards app called ZeLoop. This provided his family with grocery discounts worth Dh1,000. Antonie Robertson / The National
Rishabh Mittal recycled 500 plastic bottles in one month last year using a rewards app called ZeLoop. This provided his family with grocery discounts worth Dh1,000. Antonie Robertson / The National

“I wanted to do a recycling project as a service action for my school,” says Rishabh.

“While looking for opportunities on Google, I came across ZeLoop where they encourage you to recycle plastic bottles and reward you … this seemed interesting and inspiring.

“I did recycle, but not on a regular basis — ZeLoop encouraged me to make this part of my daily routine.”

Rishabh joined the app in August and began collecting bottles at school and picnics, but he then encouraged neighbours in his Business Bay building to give him their empties, which he deposits in basement recycling bins.

The Indian teenager, whose father is a senior finance professional, recognised the fiscal benefit of maintaining his efforts, for which he has since been designated a ZeLoop “eco ambassador”.

Once registered, users take plastic bottles to recycling points mapped by the ZeLoop community – the platform geo-locates the user who must upload a snapshot of their bottles.

ZeLoop encourages you to recycle plastic bottles and reward you … this seemed interesting and inspiring
Rishabh Mittal,
teenager in the UAE

More than 5,000 people have joined in the UAE, of which about 2 per cent are participating weekly, while 11,000 registered users in 150 countries feed 5,000-plus collection points, Eric Schaffner, ZeLoop’s founder and chief executive, says.

For each water, milk, or shampoo bottle deposited – regardless of size, plastic type, clean or crushed – and each new collection point tagged, the user’s blockchain virtual wallet is credited with Eco-Rewards, a digital currency token created by Mr Schaffner and his team.

ZeLoop was deployed worldwide in July 2020 with Eco-Rewards becoming redeemable five months later. Last October, it also became possible to convert them to US dollars or Bitcoin via the Binance chain.

Accumulated rewards can secure discounts with 20 partners on the ZeLoop marketplace – such as cleaning solutions retailer Al Bayader, sustainable products retailer Blue Terra and beauty brand Secret Skin – or contribute to tree planting.

Drawing on 25 years' experience in the beverage and plastic packaging industry, Mr Schaffner is convinced the circular economy can minimise waste and regenerate natural systems.

Eric Schaffner, ZeLoop's founder and chief executive, says the user’s blockchain virtual wallet is credited with a digital currency token when each plastic bottle is deposited. Photo: Courtesy Eric Schaffner
Eric Schaffner, ZeLoop's founder and chief executive, says the user’s blockchain virtual wallet is credited with a digital currency token when each plastic bottle is deposited. Photo: Courtesy Eric Schaffner

“One million plastic bottles are produced every minute in the world … every year 78 million tonnes of plastic ends up in nature or landfill,” he says, highlighting that bottles have actual value, so consigning them to garbage is like throwing money down the drain.

“For us, any bottle that doesn’t end up in nature deserves to be rewarded equally,” he says.

“Most of our partners value a bottle at Dh1, so ‘ZeLoopians’ have in their wallets half a million dirhams worth of discount vouchers that can save them 10 per cent to 50 per cent off goods available for redeeming.”

ZeLoop’s gamification model also encourages competition and hosts Eco-Missions, a regular challenge with prizes for best collectors over a designated period.

When the Nestlé Pure Life Eco-Mission initiative ran in the UAE on World Recycling Day, in partnership with ZeLoop, participants collected 50,000-plus recyclable plastic bottles during six weeks. So far, UAE users have collected almost 500,000 bottles.

So what is the incentive for companies to provide discounts on their products?

Partner brands are motivated to be part of the programme because they want a tangible and measurable action on the ground that reflects their CSR values
Eric Shaffner,
founder and chief executive, ZeLoop

“Partner brands are motivated to be part of the programme because they want a tangible and measurable action on the ground that reflects their CSR values and strategy,” says Mr Schaffner.

“We are combining blockchain technology and image recognition to offer brands the benefit of a unique, trustable ecosystem.”

UAE start-up EroeGo also aims to reduce landfill by supplying excess and irregular-shaped fruit and vegetables directly to consumers – saving them up to 30 per cent and reducing produce waste.

“We prefer to rescue excess produce that is already in the country, so we work with local farmers and wholesalers rather than overseas wholesalers,” says Daniel Solomon, a British Nigerian who launched the company in September 2020.

“We also rescue ‘ugly’ groceries – fruit or vegetable that is too big, too small or has a funny shape – the produce supermarkets won’t take because of superficial standards.

“All these items are perfectly good to eat and when you reclaim this fruit and vegetable, you are saving the water and resources that went into growing them, too.”

Daniel Solomon is the founder of EroeGo, a sustainable delivery platform that supplies people with ‘ugly’ fruits and vegetables that would have otherwise gone to landfill. Photo: Antonie Robertson / The National
Daniel Solomon is the founder of EroeGo, a sustainable delivery platform that supplies people with ‘ugly’ fruits and vegetables that would have otherwise gone to landfill. Photo: Antonie Robertson / The National

He describes a win-win situation as a three to four kilogram EroeGo box saves about 4kg of C02 and 842 litres of water, while reducing grocery costs for customers.

It means wholesalers and farmers are now selling produce that would probably be discarded.

“The reason the produce might be slightly lower [priced] than conventional produce sales is because they understand the value in making the planet safer, while not losing return on their investment,” says Mr Solomon, 33.

“We want to ensure farmers and wholesalers consider excess and ugly produce as important food that should never be wasted.

“Since they are perfectly good to eat, we can find a new home for them, while offering additional revenue. And, in the process, the planet smiles because of the water and resources we are saving.”

Katie Cuthbert with her son Cem. She became a customer of EroeGo after being interested in the sustainability angle offered by the start-up. Photo: Katie Cuthbert
Katie Cuthbert with her son Cem. She became a customer of EroeGo after being interested in the sustainability angle offered by the start-up. Photo: Katie Cuthbert

Scottish mum Katie Cuthbert became a customer after spotting EroeGo on Instagram and says she was first interested in the sustainability angle.

“The idea that so much food ends up wasted just because it’s not the perfect size or shape is shocking,” says Ms Cuthbert, 30.

The Dubai-based project manager, who lives in The Springs with her husband and baby son, initially ordered a box every two weeks but now has one weekly.

“I’m not sure how much I’ve saved but it would be at least Dh100 a week, given the amount I receive in each box,” she adds.

“I love the variety [and] getting a selection, rather than choosing what I buy, means I waste much less.”

Mr Solomon sees more people from all backgrounds becoming increasingly conscious of their day-to-day actions, be that recycling, composting, using less plastic, or reclaiming fruits and vegetables that would normally have been wasted.

“Of course, when you know you can do good and enjoy good food without a heavy cost, you are even more invested,” he says.

“In the ‘let’s fight food waste’ community, the motivation is showing that climate action and making our world safer does not have to be expensive.”

But the Dubai entrepreneur recognises a need for more consumer education in many areas surrounding food waste, including the difference between ‘best before’ and ‘use by’ dates; often a major contributor to food waste.

Mr Solomon, whose company also donates a meal for two people facing hunger for every box delivered, believes there is still much more food to be rescued in the UAE and beyond.

Is there not a danger, however, that mainstream supermarkets will adopt his model and hit EroeGo’s sales?

In the ‘let’s fight food waste’ community, the motivation is showing that climate action and making our world safer does not have to be expensive
Daniel Solomon,
founder of EroeGo

“Rather than a danger, we actually think it is a good thing if more supermarkets do this,” he adds.

“At the moment, food waste is a huge problem — 8 per cent of total greenhouse gas emissions are caused by food waste — and in the Mena region, individuals tend to waste 50 per cent more food compared with someone in Europe or the US.

“So, to make society safer, it is a massive problem the whole grocery system needs to be tackling together.”

Solar panels on homes have also long been a method to slash regular domestic bills, but they require capital investment, which often only long-term UAE property owners are prepared to consider.

Dubai-based SunMoney Solar takes the concept a stage further to help investors grow their wealth and help the environment.

SunMoney Solar Group runs a global community solar power programme that allows individuals and institutional investors to become part of an energy community and enjoy potential returns. Photo: Courtesy SunMoney Solar Group
SunMoney Solar Group runs a global community solar power programme that allows individuals and institutional investors to become part of an energy community and enjoy potential returns. Photo: Courtesy SunMoney Solar Group

The company builds, operates and acquires solar power plants in Central Eastern Europe and its global community solar power programme allows individuals and institutional investors to become part of an “energy community” and enjoy potential returns.

Once invested, a SunMoney mobile wallet enables participants to check and manage their earnings.

Closer to home, meanwhile, ZeLoop plans to embrace other recyclables in its model, including paper, e-waste, cans and glass, as well as seeking more partners.

“We are going to release a new feature that will reward steps when ZeLoopians collect litter while jogging or running,” Mr Schaffner reveals.

“Our ambition is to make the bridge between any eco-friendly gestures for the benefit of participating people and stakeholders, creating a suite of solutions for a more sustainable world.”

At the grassroots level, Dubai International Academy student Rishabh is busy spreading the word about the ZeLoop mission.

“You can create your own deposit points, which can be near your community, which gives you the ease of depositing bottles without having to go far,” he adds.

“The rewards they give you to recycle gets you into the habit, even if you have never done it before.”

UAE currency: the story behind the money in your pockets
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Notable salonnières of the Middle East through history

Al Khasan (Okaz, Saudi Arabia)

Tamadir bint Amr Al Harith, known simply as Al Khasan, was a poet from Najd famed for elegies, earning great renown for the eulogy of her brothers Mu’awiyah and Sakhr, both killed in tribal wars. Although not a salonnière, this prestigious 7th century poet fostered a culture of literary criticism and could be found standing in the souq of Okaz and reciting her poetry, publicly pronouncing her views and inviting others to join in the debate on scholarship. She later converted to Islam.

 

Maryana Marrash (Aleppo)

A poet and writer, Marrash helped revive the tradition of the salon and was an active part of the Nadha movement, or Arab Renaissance. Born to an established family in Aleppo in Ottoman Syria in 1848, Marrash was educated at missionary schools in Aleppo and Beirut at a time when many women did not receive an education. After touring Europe, she began to host salons where writers played chess and cards, competed in the art of poetry, and discussed literature and politics. An accomplished singer and canon player, music and dancing were a part of these evenings.

 

Princess Nazil Fadil (Cairo)

Princess Nazil Fadil gathered religious, literary and political elite together at her Cairo palace, although she stopped short of inviting women. The princess, a niece of Khedive Ismail, believed that Egypt’s situation could only be solved through education and she donated her own property to help fund the first modern Egyptian University in Cairo.

 

Mayy Ziyadah (Cairo)

Ziyadah was the first to entertain both men and women at her Cairo salon, founded in 1913. The writer, poet, public speaker and critic, her writing explored language, religious identity, language, nationalism and hierarchy. Born in Nazareth, Palestine, to a Lebanese father and Palestinian mother, her salon was open to different social classes and earned comparisons with souq of where Al Khansa herself once recited.

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List of alleged parties

 May 15 2020: PM and Carrie attend 'work meeting' with at
least 17 staff members

May 20 2020: PM and Carrie attend 'bring your own booze'
party

Nov 27 2020: PM gives speech at leaving do for his staff

Dec 10 2020: Staff party held by then-education secretary
Gavin Williamson

Dec 13 2020: PM and Carrie throw a flat party

Dec 14 2020: London mayor candidate Shaun Bailey holds staff party at Conservative
Party headquarters

Dec 15 2020: PM takes part in a staff quiz

Dec 18 2020: Downing Street Christmas party

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Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

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Australia tour of Pakistan

March 4-8: First Test, Rawalpindi  

March 12-16: Second Test, Karachi 

March 21-25: Third Test, Lahore

March 29: First ODI, Rawalpindi

March 31: Second ODI, Rawalpindi

April 2: Third ODI, Rawalpindi

April 5: T20I, Rawalpindi

A timeline of the Historical Dictionary of the Arabic Language
  • 2018: Formal work begins
  • November 2021: First 17 volumes launched 
  • November 2022: Additional 19 volumes released
  • October 2023: Another 31 volumes released
  • November 2024: All 127 volumes completed
Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

Remaining fixtures

Third-place-play-off: Portugal v Mexico, 4pm on Sunday

Final: Chile v Germany, 10pm on Sunday

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Rating: 3/5

The years Ramadan fell in May

1987

1954

1921

1888

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Real Madrid 2

Vinicius Junior (71') Mariano (90 2')

Barcelona 0

My Cat Yugoslavia by Pajtim Statovci
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Updated: February 19, 2022, 12:04 PM