Malaysian Muslims attend special prayers for MH17 co-pilot Ahmad Hakimi Hanapi and flight attendant Nur Shazana Mohamed Salleh during a burial ceremony in Putrajaya. Azhar Rahim / EPA
Malaysian Muslims attend special prayers for MH17 co-pilot Ahmad Hakimi Hanapi and flight attendant Nur Shazana Mohamed Salleh during a burial ceremony in Putrajaya. Azhar Rahim / EPA

Coffins carrying Malaysian victims of Flight MH17 return home



KUALA LUMPUR // Carried by soldiers and draped in the national flag, coffins carrying Malaysian victims of Flight MH17 returned home Friday to a country still searching for those on-board another doomed jet and a government battling the political fallout of the twin tragedies.

The bodies and ashes of 20 victims from the Malaysia Airlines jet that was shot down over eastern Ukraine in July were given full military honours and a day of national mourning was declared, the first in the country’s history.

Many people in offices in the nation of 30 million observed a minute’s silence as the hearses were driven from the tarmac of Kuala Lumpur International Airport to private funerals. Some public trains in the capital, Kuala Lumpur, stopped operating.

All 298 people on-board died when the jet was shot down over an area of Ukraine controlled by pro-Russia separatists on a flight from Amsterdam to Kuala Lumpur. The victims included 43 Malaysians and 195 Dutch nationals. An international investigation is continuing, but no one has been arrested.

The return of the bodies also represented a political triumph for prime minister Najib Razak, whose already shaky popularity ratings were hit by his handling of the still unsolved disappearance of Malaysia Airlines Flight 370 and its 239 passengers and crew in March.

“Today we mourn the loss of our people. Today, we begin to bring them home,” Mr Najib said in a statement. “Our thoughts and our prayers are with the families and friends of those who lost their lives. Today we stand with you, united as one.”

Mr Najib claimed personal credit for negotiating a deal with pro-Russian separatists for the return of all the bodies of the 298 people on board. Few details have been released over what the separatists were given in return, and some critics have said that the negotiations with people many regard as terrorists set a dangerous precedent.

“Everyone wants closure for the families, there is no question,” said Bridget Welsh, a research associate at the National Taiwan University. “But on the other hand, they (Najib’s advisers) saw this as an opportunity for him to look good. It was critical for the government to be seen as responsive and differentiate itself from the handling of MH370.”

The victims were carried aboard a specially chartered Malaysia Airlines jet from Amsterdam, where they were taken from the crash site. Three had already been cremated. The coffins were individually lowered from the plane and slowly carried by teams of eight soldiers to waiting hearses.

“They were casualties of war, unfortunately, and the world community needs to work toward a solution to these conflicts,” said Abdul Mueiem, a Malaysia Airlines pilot who attended the ceremony. “Everyone is feeling sad and depressed, but the important thing is that Malaysia Airlines is one big family, and we are together with the nation.”

The repatriation was the first of the Malaysian passengers and crew on the flight. The government has said that the bodies of the remaining Malaysians would follow soon.

The country may never witness a similar homecoming for the victims on board Flight 370. The plane went missing on a flight from Kuala Lumpur to Beijing and is believed to have crashed somewhere in the southern Indian Ocean.

After several surface and underwater searches have turned up nothing, a new underwater search is expected to begin in September and take up to a year to search 60,000 square kilometres (23,000 square miles) of the Indian Ocean seabed.

Assuming the plane is found, the depth of the ocean will make recovery of any bodies difficult. Relatives might also prefer the bodies to stay where they are.

* Associated Press

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

RESULTS

Dubai Kahayla Classic – Group 1 (PA) $750,000 (Dirt) 2,000m
Winner: Deryan, Ioritz Mendizabal (jockey), Didier Guillemin (trainer).
Godolphin Mile – Group 2 (TB) $750,000 (D) 1,600m
Winner: Secret Ambition, Tadhg O’Shea, Satish Seemar
Dubai Gold Cup – Group 2 (TB) $750,000 (Turf) 3,200m
Winner: Subjectivist, Joe Fanning, Mark Johnston
Al Quoz Sprint – Group 1 (TB) $1million (T) 1,200m
Winner: Extravagant Kid, Ryan Moore, Brendan Walsh
UAE Derby – Group 2 (TB) $750,000 (D) 1,900m
Winner: Rebel’s Romance, William Buick, Charlie Appleby
Dubai Golden Shaheen – Group 1 (TB) $1.5million (D) 1,200m
Winner: Zenden, Antonio Fresu, Carlos David
Dubai Turf – Group 1 (TB) $4million (T) 1,800m
Winner: Lord North, Frankie Dettori, John Gosden
Dubai Sheema Classic – Group 1 (TB) $5million (T) 2,410m
Winner: Mishriff, John Egan, John Gosden

Turkish Ladies

Various artists, Sony Music Turkey 

How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

T10 Cricket League
Sharjah Cricket Stadium
December 14- 17
6pm, Opening ceremony, followed by:
Bengal Tigers v Kerala Kings 
Maratha Arabians v Pakhtoons
Tickets available online at q-tickets.com/t10

GULF MEN'S LEAGUE

Pool A Dubai Hurricanes, Bahrain, Dubai Exiles, Dubai Tigers 2

Pool B Abu Dhabi Harlequins, Jebel Ali Dragons, Dubai Knights Eagles, Dubai Tigers

 

Opening fixtures

Thursday, December 5

6.40pm, Pitch 8, Abu Dhabi Harlequins v Dubai Knights Eagles

7pm, Pitch 2, Jebel Ali Dragons v Dubai Tigers

7pm, Pitch 4, Dubai Hurricanes v Dubai Exiles

7pm, Pitch 5, Bahrain v Dubai Eagles 2

 

Recent winners

2018 Dubai Hurricanes

2017 Dubai Exiles

2016 Abu Dhabi Harlequins

2015 Abu Dhabi Harlequins

2014 Abu Dhabi Harlequins

'Champions'

Director: Manuel Calvo
Stars: Yassir Al Saggaf and Fatima Al Banawi
Rating: 2/5
 

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)

COMPANY PROFILE

Company name: Alaan
Started: 2021
Based: Dubai
Founders: Parthi Duraisamy and Karun Kurien
Sector: FinTech
Investment stage: $7 million raised in total — $2.5 million in a seed round and $4.5 million in a pre-series A round

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

7pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Dirt) 1,600m; Winner: RB Kings Bay, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)

7.30pm: Maiden (PA) Dh 70,000 (D) 1,600m; Winner: AF Ensito, Fernando Jara, Mohamed Daggash

8pm: Maiden (PA) Dh70,000 (D) 1,400m; Winner: AF Sourouh, Tadhg O’Shea, Ernst Oertel

8.30pm: Maiden (PA) Dh70,000 (D) 1,800m; Winner: Baaher, Fabrice Veron, Eric Lemartinel

9pm: Maiden (PA) Dh70,000 (D) 2,000m; Winner: Mootahady, Antonio Fresu, Eric Lemartinel

9.30pm: Handicap (TB) Dh70,000 (D) 2,000m; Winner: Dubai Canal, Tadhg O’Shea, Satish Seemar

10pm: Al Ain Cup – Prestige (PA) Dh100,000 (D) 2,000m; Winner: Harrab, Bernardo Pinheiro, Majed Al Jahouri

TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel

Naga

Director: Meshal Al Jaser

Starring: Adwa Bader, Yazeed Almajyul, Khalid Bin Shaddad

Rating: 4/5

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat

Janet Yellen's Firsts

  • In 2014, she became the first woman to lead the US Federal Reserve 
  • In 1999, she became the first female chair of the White House Council of Economic Advisers 
The biog

Siblings: five brothers and one sister

Education: Bachelors in Political Science at the University of Minnesota

Interests: Swimming, tennis and the gym

Favourite place: UAE

Favourite packet food on the trip: pasta primavera

What he did to pass the time during the trip: listen to audio books

Director: Nag Ashwin

Starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobhana

Rating: ★★★★

Squad: Majed Naser, Abdulaziz Sanqour, Walid Abbas, Khamis Esmail, Habib Fardan, Mohammed Marzouq (Shabab Al Ahli Dubai), Khalid Essa, Muhanad Salem, Mohammed Ahmed, Ismail Ahmed, Ahmed Barman,  Amer Abdulrahman, Omar Abdulrahman (Al Ain), Ali Khaseif, Fares Juma, Mohammed Fawzi, Khalfan Mubarak, Mohammed Jamal, Ahmed Al Attas (Al Jazira), Ahmed Rashid, Mohammed Al Akbari (Al Wahda), Tariq Ahmed, Mahmoud Khamis, Khalifa Mubarak, Jassim Yaqoub (Al Nasr), Ali Salmeen (Al Wasl), Yousef Saeed (Sharjah), Suhail Al Nubi (Baniyas)