A reader expresses shock at some employers’ disregard for safety regulations. Courtesy Ramesh Menon
A reader expresses shock at some employers’ disregard for safety regulations. Courtesy Ramesh Menon

When will people learn about safety?



Pictures speak a thousand words, they say. If you look at the photo I took, you will know how some companies jeopardise the lives of their employees.

It was shocking. Can we care less about human lives?

Ramesh Menon, Abu Dhabi

Countless people have reasons to thank the UAE

I refer to the article Indian labourers see rewards of life in UAE back at home (February 24). The UAE is an amazing country which embraces every one, irrespective of their religion, nationality and creed, with open arms.

The country not only helps hundreds of thousands of people to build their lives back home and take care of their families, but it gives so many people a new lease on life within its territory. And when it comes to getting back what you give, there is no better example than the UAE. It’s so wealthy and can hold its head high largely because it gives to others with an open heart.

There are countless people all over the world who are ever grateful to the UAE for what they have got from the country.

Abbas Naqvi, Ras Al Khaimah

Festival showcased UAE’s strengths

The Qasr Al Hosn festival was a great experience for me (Qasr Al Hosn Cavalia debut a roaring success, February 23).

We went on Saturday to Qasr Al Hosn and fell so much in love with this truly amazing and superbly organised event.

It was so exquisitely set up, with so much to do and see, to learn and enjoy.

As for the Cavalia show, I had tears in my eyes when I saw it. The beauty and enormous attention to details to show UAE’s history, (pearlfishing and Emirati tunes played by musicians behind the curtains), and the strength of the horses and riders, acrobats and everyone involved, was mind boggling. It was an event we shall never forget.

It was so stunning that we are still talking about it. Probably we will go to see the show again this week.

As always, UAE, you simply are the best, you never do anything by half.

Brigitte von Bulow, Abu Dhabi

Does revolution solve problems?

The Arabic News Digest item, The Arabs struggle to resist a good conspiracy theory (February 23), points out what has been happening in the region for the past several years.

In fact, I could not see anything in the revolution. Instead, traditional beliefs and principles are on the verge of extinction. Many leaders of the region have disappeared, and along with them they seem to have taken all of our values and ethics. Revolutions often destroy what people create over decades, not to speak of the loss of innocent lives.

The problem is that the root cause of revolution remains open for a long time, thus leading to fresh conflicts of ideology and thinking.

The so-called conspiracy theories are very much part of every fight in which both sides gain, but in different ways. It’s right that “conspiracy theories are a comfortable pillow for those who want to justify their failure or inability”. The truth is, when there is a will there is always a way and nothing could stand in our way if we decide to make something happen.

Ramachandran Nair, Oman

Rolling Stones continue to shine

In July 1964, aged 16, I was at a girls’ boarding school in England. Our music master took us to London for the BBC radio recording of the Joe Loss Pop Show. The Rolling Stones were the star guests that week.

We were not allowed to shout, scream or applaud until a “clap” sign was shown after each of the six songs. It was magical then and true perfection on Friday, 50 years later.

Judi Ashcroft, Dubai

Pictures prove skills of photographer

The pictures of Dubai taken by Daniel Cheong that I saw in the blogpost Daniel Cheong: capturing the majesty of Dubai's architecture (February 15), are really amazing. It seems to me that the Dubai I see and the Dubai presented in those photographs are entirely different. These pictures show the level of skills Cheong has: he knows how and when to take a picture. These are the most important things in photography. For me, Cheong is a master photographer.

Rajkumar, Dubai

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
What's in my pazhamkootan?

Add:
Parippu – moong dal and coconut curry
Sambar – vegetable-infused toor dal curry
Aviyal – mixed vegetables in thick coconut paste
Thoran – beans and other dry veggies with spiced coconut
Khichdi – lentil and rice porridge


Optional:
Kootukari – stew of black chickpeas, raw banana, yam and coconut paste
Olan – ash gourd curry with coconut milk
Pulissery – spiced buttermilk curry
Rasam – spice-infused soup with a tamarind base


Avoid:
Payasam – sweet vermicelli kheer

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

The Boy and the Heron

Director: Hayao Miyazaki

Starring: Soma Santoki, Masaki Suda, Ko Shibasaki

Rating: 5/5

The specs: 2017 Ford F-150 Raptor

Price, base / as tested Dh220,000 / Dh320,000

Engine 3.5L V6

Transmission 10-speed automatic

Power 421hp @ 6,000rpm

Torque 678Nm @ 3,750rpm

Fuel economy, combined 14.1L / 100km

PROFILE OF CURE.FIT

Started: July 2016

Founders: Mukesh Bansal and Ankit Nagori

Based: Bangalore, India

Sector: Health & wellness

Size: 500 employees

Investment: $250 million

Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)

DIVINE INTERVENTOIN

Starring: Elia Suleiman, Manal Khader, Amer Daher

Director: Elia Suleiman

Rating: 4.5/5

The years Ramadan fell in May

1987

1954

1921

1888

COMPANY PROFILE

Name: Shaffra
Started: 2023
Based: DIFC Innovation Hub
Sector: metaverse-as-a-Service (MaaS)
Investment: currently closing $1.5 million seed round
Investment stage: pre-seed
Investors: Flat6Labs Abu Dhabi and different PCs and angel investors from Saudi Arabia
Number of staff: nine

The biog

Name: Younis Al Balooshi

Nationality: Emirati

Education: Doctorate degree in forensic medicine at the University of Bonn

Hobbies: Drawing and reading books about graphic design

SPEC SHEET: SAMSUNG GALAXY Z FOLD 4

Main display: 7.6" QXGA+ Dynamic Amoled 2X, 2176 x 1812, 21.6:18, 374ppi, HDR10+, up to 120Hz

Cover display: 6.2" HD+ Dynamic Amoled 2X, 2316 x 904, 23.1:9, 402ppi, up to 120Hz

Processor: Qualcomm Snapdragon 8+ Gen 1, 4nm, octa-core; Adreno 730 GPU

Memory: 12GB

Capacity: 256/512GB / 1TB

Platform: Android 12, One UI 4.1.1

Main camera: Triple 12MP ultra-wide (f/2.2) + 50MP wide (f/1.8) + 10MP telephoto (f/2.4), dual OIS, 3x optical zoom, 30x Space Zoom, portrait, super slo-mo

Video: 8K@24fps, 4K@30/60fps, full-HD@30/60fps, HD@30fps; slo-mo@60/240/960fps; HDR10+

Cover camera: 10MP (f/2.2)

Inner front camera: Under-display 4MP (f/1.8)

Battery: 4400mAh, 25W fast charging, 15W wireless charging, reverse wireless charging, 'all-day' life

Connectivity: 5G; Wi-Fi, Bluetooth 5.2, NFC (Samsung Pay)

I/O: USB-C

Cards: Nano-SIM + eSIM; 2 nano-SIMs + eSIM; 2 nano-SIMs

Colours: Graygreen, phantom black, beige, burgundy (online exclusive)

In the box: Fold 4, USB-C-to-USB-C cable

Price: Dh6,799 / Dh7,249 / Dh8,149

RESULTS

5pm Al Shamkha – Maiden (PA) Dh80,000 (Turf) 1,400m
Winner Ruwani, Moatasem Al Balushi (jockey), Abdallah Al Hammadi (trainer)
5.30pm: Khalifa City – Handicap (PA) Dh80,000 (T) 1,400m
Winner AF Heraqle, Bernardo Pinheiro, Qaiss Aboud
6pm Masdar City – Handicap (PA) Dh80,000 (T) 1,600m
Winner AF Yatwy, Patrick Cosgrave, Nisren Mahgoub
6.30pm Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m
Winner AF Alzahi, Tadhg O’Shea, Ernst Oertel
7pm Emirates Championship – Group 1 (PA) Dh1,000,000 (T) 2,200m
Winner Ajrad Athbah, Bernardo Pinheiro, Majed Al Jahouri
7.30pm Shakbout City – Handicap (TB) Dh80,000 (T) 2,400m
Winner Webinar, Tadhg O’Shea, Bhupat Seemar

The Florida Project

Director: Sean Baker

Starring: Bria Vinaite, Brooklynn Prince, Willem Dafoe

Four stars

The specs

Engine: 2.0-litre four-cylinder turbo

Power: 178hp at 5,500rpm

Torque: 280Nm at 1,350-4,200rpm

Transmission: seven-speed dual-clutch auto

Price: from Dh209,000 

On sale: now

Draw:

Group A: Egypt, DR Congo, Uganda, Zimbabwe

Group B: Nigeria, Guinea, Madagascar, Burundi

Group C: Senegal, Algeria, Kenya, Tanzania

Group D: Morocco, Ivory Coast, South Africa, Namibia

Group E: Tunisia, Mali, Mauritania, Angola

Group F: Cameroon, Ghana, Benin, Guinea-Bissau

COMPANY PROFILE

Name: Grubtech

Founders: Mohamed Al Fayed and Mohammed Hammedi

Launched: October 2019

Employees: 50

Financing stage: Seed round (raised $2 million)

 

The specs

Engine: 3.5-litre twin-turbo V6

Power: 380hp at 5,800rpm

Torque: 530Nm at 1,300-4,500rpm

Transmission: Eight-speed auto

Price: From Dh299,000 ($81,415)

On sale: Now

The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 240hp at 5,500rpm

Torque: 390Nm at 3,000rpm

Transmission: eight-speed auto

Price: from Dh122,745

On sale: now

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

RESULTS - ELITE MEN

1. Henri Schoeman (RSA) 57:03
2. Mario Mola (ESP) 57:09
3. Vincent Luis (FRA) 57:25
4. Leo Bergere (FRA)57:34
5. Jacob Birtwhistle (AUS) 57:40    
6. Joao Silva (POR) 57:45   
7. Jonathan Brownlee (GBR) 57:56
8. Adrien Briffod (SUI) 57:57           
9. Gustav Iden (NOR) 57:58            
10. Richard Murray (RSA) 57:59       

In Search of Mary Shelley: The Girl Who Wrote Frankenstein
By Fiona Sampson
Profile

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.”

AT A GLANCE

Windfall
An “energy profits levy” to raise about £5 billion in a year. The temporary one-off tax will hit oil and gas firms by 25 per cent on extraordinary profits. An 80 per cent investment allowance should calm Conservative nerves that the move will dent North Sea firms’ investment to save them 91p for every £1 they spend.
A universal grant
Energy bills discount, which was effectively a £200 loan, has doubled to a £400 discount on bills for all households from October that will not need to be paid back.
Targeted measures
More than eight million of the lowest income households will receive a £650 one-off payment. It will apply to households on Universal Credit, Tax Credits, Pension Credit and legacy benefits.
Separate one-off payments of £300 will go to pensioners and £150 for those receiving disability benefits.

Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

THE JERSEYS

Red Jersey
General Classification, sponsored by Fatima bint Mubarak Ladies Academy: Worn daily, starting from Stage 2, by the leader of the General Classification.
Green Jersey
Points Classification, sponsored by Bike Abu Dhabi: Worn daily, starting from Stage 2, by the fastest sprinter.
White Jersey
Young Rider Classification, sponsored by Abu Dhabi 360: Worn daily, starting from Stage 2, by the best young rider (U25).
Black Jersey
Intermediate Sprint Classification, sponsored by Experience Abu Dhabi: Worn daily, starting from Stage 2, by the rider who has gained most Intermediate sprint points.

What is the Supreme Petroleum Council?

The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.

Shooting Ghosts: A U.S. Marine, a Combat Photographer, and Their Journey Back from War by Thomas J. Brennan and Finbarr O’Reilly

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.