epaselect epa06285331 Delegates raise their hands as they take a vote during the closing ceremony of the 19th National Congress of the Communist Party of China (CPC) at the Great Hall of the People (GHOP) in Beijing, China, 24 October 2017. According to media reports on 24 October 2017, the National Congress of the Communist Party of China voted to enshrine the signature ideology of President Xi Jinping into the Chinese Communist Party constitution, elevating him to the country's most influential and powerful leader in decades. President Xi Jinping was also granted another five years in power during 19th Congress of the Communist Party of China.  EPA/WU HONG
Delegates raise their hands as they take a vote during the closing ceremony of the 19th National Congress of the Communist Party of China (CPC) at the Great Hall of the People (GHOP) in Beijing, ChinaShow more

China enshrines 'Xi Jinping Thought' into its constitution



China's ruling Communist Party enshrined President Xi Jinping's political thought into its constitution on Tuesday, putting him in the same company as the founder of modern China, Mao Zedong, and cementing his power ahead of a second five-year term.

A key Xi ally, top corruption fighter Wang Qishan, will not be on the new Politburo Standing Committee, the apex of power in China, to be revealed on Wednesday as he was not among those named on Tuesday to the 204-member Central Committee.

Whether or not the powerful Mr Wang would remain on the Standing Committee, which currently has seven members, despite being beyond the customary retirement age of 69, had been among the key questions to be answered at the week-long party congress, which ended on Tuesday. Mr Wang could still assume another senior role over the next few months.

As expected, the party unanimously passed an amendment to include "Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era" as one of its guiding principles.

The party will announce its new Standing Committee, headed by Mr Xi, at around midday on Wednesday, culminating a twice-a-decade leadership reshuffle.

As expected, the amended constitution affirmed that Mr Xi's signature fight against corruption, which has ensnared more than 1.3 million officials, will continue.

Unexpectedly, Mr Xi's "Belt and Road" initiative, an ambitious programme to build infrastructure linking China with its neighbours and beyond, was also included in the party constitution.

Also included was a commitment to supply-side industrial reforms, and giving play to the "decisive role" of market forces in resource allocation, a commitment Mr Xi had made early in his first terms that many investors say he has failed to deliver on.

"The party exercises overall leadership over all areas of endeavour in every part of the country," the party said in a statement reflecting Mr Xi's ongoing efforts to strengthen the party and its place in contemporary Chinese society.

If no clear successor to Mr Xi is named to the new Politburo Standing Committee, it will further fuel speculation that Mr Xi may look to retain power beyond the customary second five-year term.

"This is about further erasing any distinction between Xi Jinping and the party," said Jude Blanchette, who studies the party at The Conference Board's China Center for Economics and Business in Beijing, referring to Xi's thought getting into the constitution.

"Add on to this having supply-side structural reform and One Belt One Road written into this, which were Xi's signature policies, this makes questioning or non-compliance with those tantamount to betrayal of the party."

Xu Hongcai, deputy chief economist at the China Centre for International Economic Exchanges, a Beijing think-tank, said party control was needed to push through the market reforms key to restructuring the world's second-largest economy.

"To build a market economic system in such a big country, it's impossible without the leadership of the party," he said.

Others have argued that the two are contradictory.

"When you put 'supply-side reform' and 'market playing a decisive role' in the same document, then that just shows they have to almost choose one," said Alex Wolf, Senior Emerging Markets Economist with Aberdeen Standard Investments in Hong Kong.

China's blue-chip shares climbed to a 26-month high on Tuesday, led by infrastructure and property stocks, as Mr Xi wrapped up a congress that began with his three-and-a half hour speech envisioning a more prosperous, confident China. The yuan strengthened against the dollar.

Mr Xi rapidly consolidated power after assuming party leadership in late 2012 and then the presidency the next year. The party gave Mr Xi the title of "core" leader a year ago, a significant strengthening of his position.

Whether Mr Xi was able to have his name "crowned" in the party constitution had been seen as a key measure of his power, elevating him to a level of previous leaders exemplified by Mao Zedong Thought and Deng Xiaoping Theory.

No other leader since Mao has had an eponymous ideology included in the document while in office. Deng's name was added after his death in 1997.

A list of 133 committee members for the Central Commission for Discipline Inspection released on Tuesday included Zhao Leji, who heads the party's Organisation Department, a strong sign that he will take over from Mr Wang as anti-corruption chief.

China's top banking regulator, Guo Shuqing, and veteran banker Jiang Chaoliang, front runners to succeed Zhou Xiaochuan as central bank governor, both made it to the Central Committee.

The constitutional amendment, along with Mr Xi's work report and a work report of the graft watchdog to the congress, were passed by a show of hands.

When Mr Xi next asked for any "no" votes or abstentions for the amendment or two work reports, the sound of "none" echoed throughout the chamber, as officials shouted out from different sides of the hall.

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

THE SPECS

Engine: 3-litre V6 turbo (standard model, E-hybrid); 4-litre V8 biturbo (S)
Power: 350hp (standard); 463hp (E-hybrid); 467hp (S)
Torque: 500Nm (standard); 650Nm (E-hybrid); 600Nm (S)
Price: From Dh368,500
On sale: Now

Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

'HIJRAH: IN THE FOOTSTEPS OF THE PROPHET'

Edited by: Idries Trevathan
Pages: 240
Publisher: Hirmer Publishers
Available: Now

Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

The specs

Engine: 3.6 V6

Transmission: 8-speed auto

Power: 295bhp

Torque: 353Nm

Price: Dh155,000

On sale: now

Pearls on a Branch: Oral Tales
​​​​​​​Najlaa Khoury, Archipelago Books

SERIE A FIXTURES

Friday (UAE kick-off times)

Sassuolo v Bologna (11.45pm)

Saturday

Brescia v Torino (6pm)

Inter Milan v Verona (9pm)

Napoli v Genoa (11.45pm)

Sunday

Cagliari v Verona (3.30pm)

Udinese v SPAL (6pm)

Sampdoria v Atalanta (6pm)

Lazio v Lecce (6pm)

Parma v Roma (9pm)

Juventus v Milan (11.45pm)

 

THE SPECS

Engine: 3.6-litre V6

Transmission: nine-speed automatic

Power: 310hp

Torque: 366Nm

Price: Dh200,000

MATCH DETAILS

Chelsea 4 

Jorginho (4 pen, 71 pen), Azpilicueta (63), James (74)

Ajax 4

Abraham (2 og), Promes (20). Kepa (35 og), van de Beek (55) 

Company Profile

Company name: myZoi
Started: 2021
Founders: Syed Ali, Christian Buchholz, Shanawaz Rouf, Arsalan Siddiqui, Nabid Hassan
Based: UAE
Number of staff: 37
Investment: Initial undisclosed funding from SC Ventures; second round of funding totalling $14 million from a consortium of SBI, a Japanese VC firm, and SC Venture

MATCH INFO

Europa League final

Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

Dubai World Cup Carnival Thursday race card

6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m
7.05pm: Handicap $135,000 (T) 1,600m​​​​​​​
7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m​​​​​​​
8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m​​​​​​​
8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m​​​​​​​
9.25pm: Handicap $135,000 (D) 1,400m
10pm: Handicap $135,000 (T) 1,600m

RESULTS

6.30pm Maiden (TB) Dh82.500 (Dirt) 1,400m

Winner Meshakel, Royston Ffrench (jockey), Salem bin Ghadayer (trainer)

7.05pm Handicap (TB) Dh87,500 (D) 1,400m

Winner Gervais, Connor Beasley, Ali Rashid Al Raihe.

7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m

Winner Global Heat, Pat Cosgrave, Saeed bin Suroor.

8.15pm Handicap (TB) Dh105,000 (D) 1,900m

Winner Firnas, Royston Ffrench, Salem bin Ghadayer.

8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m

Winner Rebel’s Romance, William Buick, Charlie Appleby

9.25pm Dubai Trophy (TB) Conditions Dh183,650 (T) 1,200m

Winner Topper Bill, Richard Mullen, Satish Seemar

10pm Handicap (TB) Dh102,500 (T) 1,400m

Winner Wasim, Mickael Barzalona, Ismail Mohammed.

CRICKET WORLD CUP LEAGUE 2

Mannofield, Aberdeen

All matches start at 2pm UAE time and will be broadcast on icc.tv

UAE fixtures

Wednesday, Aug 10 – Scotland v UAE
Thursday, Aug 11 - UAE v United States
Saturday, Aug 14 – Scotland v UAE
Monday, Aug 15 – UAE v United States

UAE squad

Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, Vriitya Aravind, CP Rizwan, Basil Hameed, Rohan Mustafa, Zawar Farid, Kashif Daud, Karthik Meiyappan, Zahoor Khan, Junaid Siddique, Sabir Ali, Alishan Sharafu

Table (top three teams advance directly to the 2023 World Cup Qualifier)

1. Oman 36 21 13 1 1 44
2. Scotland 24 16 6 0 2 34
3. UAE 22 12 8 1 1 26
--
4. Namibia 18 9 9 0 0 18
5. United States 24 11 12 1 0 23
6. Nepal 20 8 11 1 0 17
7. Papua New Guinea 20 1 19 0 0 2

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

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

MATCH INFO

World Cup qualifier

Thailand 2 (Dangda 26', Panya 51')

UAE 1 (Mabkhout 45+2')

The bio

Who inspires you?

I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist

How do you relax?

Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.

What is favourite book?

The Perks of Being a Wallflower - I think I've read it more than 7 times

What is your favourite Arabic film?

Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki

What is favourite English film?

Mamma Mia

Best piece of advice to someone looking for a career at Google?

If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.  

 

RESULTS

Bantamweight:
Zia Mashwani (PAK) bt Chris Corton (PHI)

Super lightweight:
Flavio Serafin (BRA) bt Mohammad Al Khatib (JOR)

Super lightweight:
Dwight Brooks (USA) bt Alex Nacfur (BRA)

Bantamweight:
Tariq Ismail (CAN) bt Jalal Al Daaja (JOR)

Featherweight:
Abdullatip Magomedov (RUS) bt Sulaiman Al Modhyan (KUW)

Middleweight:
Mohammad Fakhreddine (LEB) bt Christofer Silva (BRA)

Middleweight:
Rustam Chsiev (RUS) bt Tarek Suleiman (SYR)

Welterweight:
Khamzat Chimaev (SWE) bt Mzwandile Hlongwa (RSA)

Lightweight:
Alex Martinez (CAN) bt Anas Siraj Mounir (MAR)

Welterweight:
Jarrah Al Selawi (JOR) bt Abdoul Abdouraguimov (FRA)

Januzaj's club record

Manchester United 50 appearances, 5 goals

Borussia Dortmund (loan) 6 appearances, 0 goals

Sunderland (loan) 25 appearances, 0 goals

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

Indika

Developer: 11 Bit Studios
Publisher: Odd Meter
Console: PlayStation 5, PC and Xbox series X/S
Rating: 4/5

Continental champions

Best Asian Player: Massaki Todokoro (Japan)

Best European Player: Adam Wardzinski (Poland)

Best North & Central American Player: DJ Jackson (United States)

Best African Player: Walter Dos Santos (Angola)

Best Oceanian Player: Lee Ting (Australia)

Best South American Player: Gabriel De Sousa (Brazil)

Best Asian Federation: Saudi Jiu-Jitsu Federation

Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

MATCH INFO

Barcelona 4 (Messi 23' pen, 45+1', 48', Busquets 85')

Celta Vigo 1 (Olaza 42')

The lowdown

Badla

Rating: 2.5/5

Produced by: Red Chillies, Azure Entertainment 

Director: Sujoy Ghosh

Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke