The two halves of the MV Wakashio, a bulk carrier ship that aground off the south-east coast of Mauritius, as seen from the shore. AP Photo
The two halves of the MV Wakashio, a bulk carrier ship that aground off the south-east coast of Mauritius, as seen from the shore. AP Photo
The two halves of the MV Wakashio, a bulk carrier ship that aground off the south-east coast of Mauritius, as seen from the shore. AP Photo
The two halves of the MV Wakashio, a bulk carrier ship that aground off the south-east coast of Mauritius, as seen from the shore. AP Photo

Clean-up of Mauritius oil spill to take 'at least 10 months'


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Clearing up the oil spill and wreckage of a stricken tanker off of Mauritius could continue well into the coming year, a French minister said after visiting the Indian Ocean island.

Sebastien Lecornu, minister for France's overseas territories, said he believed the clean-up operation would involve "at least 10 months of work".

Mr Lecornu, who returned to the French island of La Reunion south-west of Mauritius late on Sunday, said France was sending three additional experts to help the Mauritian government determine what to do with the wreck of the tanker, which has split in two.

France was in favour of an "environmental approach and protection of biodiversity, and particularly the coast of La Reunion," Mr Lecornu told the Franceinfo news service on Monday.

Possibilities include sinking part of the ship in the open sea, which "is clearly not our preferred solution", or to tow the wreck elsewhere and destroy it, which would require "more time", the minister said.

  • Volunteers prepare to place handmade oil barriers in the sea at the Mahébourg waterfront in Mauritius. AFP
    Volunteers prepare to place handmade oil barriers in the sea at the Mahébourg waterfront in Mauritius. AFP
  • Volunteers prepare a handmade oil barrier to block leaked oil from the bulk carrier ship MV Wakashio. REUTERS
    Volunteers prepare a handmade oil barrier to block leaked oil from the bulk carrier ship MV Wakashio. REUTERS
  • A drone image shows fishermen on a boat as they volunteer near the area where the bulk carrier ship MV Wakashio, belonging to a Japanese company but Panamanian-flagged, ran aground on a reef, at Riviere des Creoles, Mauritius. REUTERS
    A drone image shows fishermen on a boat as they volunteer near the area where the bulk carrier ship MV Wakashio, belonging to a Japanese company but Panamanian-flagged, ran aground on a reef, at Riviere des Creoles, Mauritius. REUTERS
  • The MV Wakashio stranded close to Pointe d'Esny, Mauritius. EPA
    The MV Wakashio stranded close to Pointe d'Esny, Mauritius. EPA
  • People prepare a plane carrying light equipment and pollution experts before it flies to Mauritius, following fuel spillage from the bulk carrier ship MV Wakashio, at Saint-Denis de la Reunion airport on the island of Reunion, France. REUTERS
    People prepare a plane carrying light equipment and pollution experts before it flies to Mauritius, following fuel spillage from the bulk carrier ship MV Wakashio, at Saint-Denis de la Reunion airport on the island of Reunion, France. REUTERS
  • A volunteer is seen in the leaked oil from the bulk carrier ship MV Wakashio. Reuters
    A volunteer is seen in the leaked oil from the bulk carrier ship MV Wakashio. Reuters
  • Local volunteers clean up oil washing up on the beach from the MV Wakashio. EPA
    Local volunteers clean up oil washing up on the beach from the MV Wakashio. EPA
  • An aerial photograph shows oil drifting ashore over coral reefs from the MV Wakashio. AFP
    An aerial photograph shows oil drifting ashore over coral reefs from the MV Wakashio. AFP
  • A dead starfish is seen following leaked oil from the bulk carrier ship MV Wakashio, Mauritius. Reuters
    A dead starfish is seen following leaked oil from the bulk carrier ship MV Wakashio, Mauritius. Reuters
  • A drone image shows volunteers preparing to handle leaked oil from the bulk carrier ship MV Wakashio. Reuters
    A drone image shows volunteers preparing to handle leaked oil from the bulk carrier ship MV Wakashio. Reuters
  • An aerial view shows people scooping leaked oil. AFP
    An aerial view shows people scooping leaked oil. AFP
  • Local volunteers making absorbent barriers of straw stuffed into fabric sacks to contain oil from the MV Wakashio. EPA
    Local volunteers making absorbent barriers of straw stuffed into fabric sacks to contain oil from the MV Wakashio. EPA
  • Local volunteers lifting absorbent barriers made of straw stuffed into fabric sacks to contain oil from the MV Wakashio. EPA
    Local volunteers lifting absorbent barriers made of straw stuffed into fabric sacks to contain oil from the MV Wakashio. EPA
  • A general view shows the bulk carrier ship MV Wakashio. Reuters
    A general view shows the bulk carrier ship MV Wakashio. Reuters
  • People scoop leaked oil from the vessel MV Wakashio, belonging to a Japanese company but Panamanian-flagged, that ran aground and caused oil leakage near Blue bay Marine Park in southeast Mauritius. AFP
    People scoop leaked oil from the vessel MV Wakashio, belonging to a Japanese company but Panamanian-flagged, that ran aground and caused oil leakage near Blue bay Marine Park in southeast Mauritius. AFP
  • A helicopter hovers over the vessel MV Wakashio in southeast Mauritius. AFP
    A helicopter hovers over the vessel MV Wakashio in southeast Mauritius. AFP
  • The Indian Ocean island of Mauritius has declared a "state of environmental emergency" after the Japanese-owned ship that ran aground offshore days ago began spilling tons of fuel. AP
    The Indian Ocean island of Mauritius has declared a "state of environmental emergency" after the Japanese-owned ship that ran aground offshore days ago began spilling tons of fuel. AP
  • Local volunteers clean up oil washing up on the beach from the MV Wakashio off the southeast coast of Mauritius. EPA
    Local volunteers clean up oil washing up on the beach from the MV Wakashio off the southeast coast of Mauritius. EPA
  • Local volunteers make absorbent barriers of straw stuffed into fabric sacks to contain oil from the MV Wakashio. EPA
    Local volunteers make absorbent barriers of straw stuffed into fabric sacks to contain oil from the MV Wakashio. EPA
  • Local volunteers make absorbent barriers of straw stuffed into fabric sacks to contain oil from the MV Wakashio. EPA
    Local volunteers make absorbent barriers of straw stuffed into fabric sacks to contain oil from the MV Wakashio. EPA
  • An aerial photograph shows oil drifting ashore over coral reefs from the MV Wakashio. EPA
    An aerial photograph shows oil drifting ashore over coral reefs from the MV Wakashio. EPA
  • A general view of oil washed up on a beach from the MV Wakashio. EPA
    A general view of oil washed up on a beach from the MV Wakashio. EPA

France has already sent military planes, ships and equipment to help contain the oil spill, which also threatens La Reunion.

Mr Lecornu said no oil deposits had reached Reunion.

The Japanese bulk carrier MV Wakashio ran aground on a coral reef off the south-east coast of Mauritius on July 25 and began oozing oil more than a week later, threatening a protected marine park with mangrove forests and endangered species.

The ship broke in two over the weekend after leaking about 1,000 tonnes of oil into the sea.

Salvage crews raced against the clock to pump the remaining 3,000 tonnes of oil off the stricken vessel after Mauritius declared an environmental emergency.

India on Sunday sent more than 30 tonnes of technical equipment and material to Mauritius by plane to support the salvage operations, the Indian foreign affairs ministry said.

A 10-member team of Indian coastguard personnel trained in oil spill containment measures was also sent to provide technical and operational assistance, it said.

Bangladesh tour of Pakistan

January 24 – First T20, Lahore

January 25 – Second T20, Lahore

January 27 – Third T20, Lahore

February 7-11 – First Test, Rawalpindi

April 3 – One-off ODI, Karachi

April 5-9 – Second Test, Karachi

The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Buy farm-fresh food

The UAE is stepping up its game when it comes to platforms for local farms to show off and sell their produce.

In Dubai, visit Emirati Farmers Souq at The Pointe every Saturday from 8am to 2pm, which has produce from Al Ammar Farm, Omar Al Katri Farm, Hikarivege Vegetables, Rashed Farms and Al Khaleej Honey Trading, among others. 

In Sharjah, the Aljada residential community will launch a new outdoor farmers’ market every Friday starting this weekend. Manbat will be held from 3pm to 8pm, and will host 30 farmers, local home-grown entrepreneurs and food stalls from the teams behind Badia Farms; Emirates Hydroponics Farms; Modern Organic Farm; Revolution Real; Astraea Farms; and Al Khaleej Food. 

In Abu Dhabi, order farm produce from Food Crowd, an online grocery platform that supplies fresh and organic ingredients directly from farms such as Emirates Bio Farm, TFC, Armela Farms and mother company Al Dahra. 

States of Passion by Nihad Sirees,
Pushkin Press

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHakbah%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENaif%20AbuSaida%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ESaudi%20Arabia%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E22%20%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24200%2C000%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-Series%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EGlobal%20Ventures%20and%20Aditum%20Investment%20Management%0D%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Switch%20Foods%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Edward%20Hamod%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Plant-based%20meat%20production%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2034%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%246.5%20million%3Cbr%3E%3Cstrong%3EFunding%20round%3A%3C%2Fstrong%3E%20Seed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Based%20in%20US%20and%20across%20Middle%20East%3C%2Fp%3E%0A
What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Bugatti Chiron Super Sport - the specs:

Engine: 8.0-litre quad-turbo W16 

Transmission: 7-speed DSG auto 

Power: 1,600hp

Torque: 1,600Nm

0-100kph in 2.4seconds

0-200kph in 5.8 seconds

0-300kph in 12.1 seconds

Top speed: 440kph

Price: Dh13,200,000

Bugatti Chiron Pur Sport - the specs:

Engine: 8.0-litre quad-turbo W16 

Transmission: 7-speed DSG auto 

Power: 1,500hp

Torque: 1,600Nm

0-100kph in 2.3 seconds

0-200kph in 5.5 seconds

0-300kph in 11.8 seconds

Top speed: 350kph

Price: Dh13,600,000

Fight Night

FIGHT NIGHT

Four title fights:

Amir Khan v Billy Dib - WBC International title
Hughie Fury v Samuel Peter - Heavyweight co-main event  
Dave Penalosa v Lerato Dlamini - WBC Silver title
Prince Patel v Michell Banquiz - IBO World title

Six undercard bouts:

Michael Hennessy Jr v Abdul Julaidan Fatah
Amandeep Singh v Shakhobidin Zoirov
Zuhayr Al Qahtani v Farhad Hazratzada
Lolito Sonsona v Isack Junior
Rodrigo Caraballo v Sajid Abid
Ali Kiydin v Hemi Ahio

Profile of MoneyFellows

Founder: Ahmed Wadi

Launched: 2016

Employees: 76

Financing stage: Series A ($4 million)

Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

MOTHER%20OF%20STRANGERS
%3Cp%3EAuthor%3A%20Suad%20Amiry%3Cbr%3EPublisher%3A%20Pantheon%3C%2Fp%3E%0A%3Cp%3EPages%3A%20304%3Cbr%3EAvailable%3A%20Now%3C%2Fp%3E%0A
The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Dubai World Cup prize money

Group 1 (Purebred Arabian) 2000m Dubai Kahayla Classic - $750,000
Group 2 1,600m(Dirt) Godolphin Mile - $750,000
Group 2 3,200m (Turf) Dubai Gold Cup – $750,000
Group 1 1,200m (Turf) Al Quoz Sprint – $1,000,000
Group 2 1,900m(Dirt) UAE Derby – $750,000
Group 1 1,200m (Dirt) Dubai Golden Shaheen – $1,500,000
Group 1 1,800m (Turf) Dubai Turf –  $4,000,000
Group 1 2,410m (Turf) Dubai Sheema Classic – $5,000,000
Group 1 2,000m (Dirt) Dubai World Cup– $12,000,000

UAE v IRELAND

All matches start at 10am, and will be played in Abu Dhabi

1st ODI, Friday, January 8

2nd ODI, Sunday, January 10

3rd ODI, Tuesday, January 12

4th ODI, Thursday, January 14