Despite the words of ancient Greek philosopher Plato, who said that “the greatest wealth is to live content with little”, the accumulation of monetary wealth, for better or worse, is a much-desired goal for many people.
Plato is one of many writers and great thinkers who have tried to redefine the concept of wealth for its often negative influence on individuals and broader society.
Interestingly, this week’s Arabic Word of the Week, tharwa, which translates to wealth, means more than just the accumulation of money.
Tharwa is a noun that officially translates to an abundance of money or people. It also has connections to concepts such as fortune, riches, prosperity, treasure, opulence and affluence.
Money is the main association with tharwa, especially when the word is used colloquially, but it can mean more than just the collection of wealth. Like many Arabic words, there are nuances to its meaning in different contexts.
Within the framework of economics, tharwa means a specific amount of money that can be collected, owned, and invested.
Thawra qawmiyya, which loosely translates to national wealth, refers to a varied number of a country’s assets and their quality. Tharwa adabiyya, or the wealth of arts, is an abundance of literature, arts and culture, in any society, while thawra tabe’eyya, which translates as the wealth of nature, refers to the richness of natural resources, from oil, minerals and precious stones.
The root word of tharwa is thara or tharee, which is derived from the three Arabic letters, tha, rah and alif. The verb refers to the action of the growth of money or any asset owned by an individual.
There are a few other words derived from thara that are connected to the idea of wealth or abundance.
As examples, tharaa refers to the ownership and accumulation of money, while ithraa has a similar meaning but can include physical assets as opposed to just money.
Another word derived from thara is thourayya, which colloquially means a chandelier.
However, initially thourayya was a reference to the constellation of Taurus. Containing 19 main stars, the large and prominent constellation is a recognisable feature of the night sky, visible to the naked eye.
The constellation was named thourayya in Arabic, due to its abundance of stars. The word was then repurposed to be used as a name for chandeliers, given their resemblance to the twinkling of stars in the night sky.
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Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
UAE currency: the story behind the money in your pockets
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
More coverage from the Future Forum
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Women & Power: A Manifesto
Mary Beard
Profile Books and London Review of Books
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