An F-35 Lightning II Aircraft. US Air National Guard / AP
An F-35 Lightning II Aircraft. US Air National Guard / AP
An F-35 Lightning II Aircraft. US Air National Guard / AP
An F-35 Lightning II Aircraft. US Air National Guard / AP

Germany votes for $100bn military spending splurge


Simon Rushton
  • English
  • Arabic

Live updates: follow the latest news on Russia-Ukraine

A special fund of €100 billion ($107bn) to strengthen the German military was approved by members of Parliament on Friday, after the Russian invasion of Ukraine changed national policy.

The plan will kick-start a massive procurement of modern weapons. Germany has also, separately, promised weapons to Ukraine — another major change, as Berlin usually avoids sending military equipment to war zones.

“This is the moment in which Germany says we are there when Europe needs us,” Foreign Minister Annalena Baerbock of the Green party told MPs.

Deputies of the Bundestag lower house approved the measure with 567 votes, 96 against and 20 abstentions after Chancellor Olaf Scholz’s governing coalition held lengthy negotiations with the main opposition Union bloc.

The Bundesrat upper house, which represents Germany’s state governments, must still approve the measure.

“This is a historic day,” Defence Minister Christine Lambrecht said. “This is a lot of money, but it is well invested — in the security and peace of our country.”

Chancellor Olaf Schulz steps away from a ballot urn after voting for the creation of a special defence fund. Getty Images
Chancellor Olaf Schulz steps away from a ballot urn after voting for the creation of a special defence fund. Getty Images

Mr Scholz first announced the fund on February 27, three days after Russia invaded Ukraine, and said that Germany would now spend more than 2 per cent of its gross domestic product on defence — a Nato target that Germany has lagged behind on for years.

Officials acknowledge that the German military, the Bundeswehr, currently possesses ageing, poorly functioning equipment.

Ms Baerbock said “the shortcomings of the Bundeswehr can’t be sustained for a second longer”.

Mr Scholz said earlier this week that the planned spending spree was a “quantum leap” that will be greeted with “relief” in Paris, London, Washington and Warsaw.

  • Russian President Vladimir Putin signs documents, including a decree recognising two Russian-backed breakaway regions in eastern Ukraine as independent, during a ceremony at the Kremlin in Moscow. President Vladimir Putin said on February 21, 2022, he would make a decision "today" on recognising the independence of east Ukraine's rebel republics, after Russia's top officials made impassioned speeches in favour of the move. AFP
    Russian President Vladimir Putin signs documents, including a decree recognising two Russian-backed breakaway regions in eastern Ukraine as independent, during a ceremony at the Kremlin in Moscow. President Vladimir Putin said on February 21, 2022, he would make a decision "today" on recognising the independence of east Ukraine's rebel republics, after Russia's top officials made impassioned speeches in favour of the move. AFP
  • Ukraine President Volodymyr Zelenskyy pictured on February 22 after Russia ordered troops into two Moscow-backed rebel regions of Ukraine. AFP
    Ukraine President Volodymyr Zelenskyy pictured on February 22 after Russia ordered troops into two Moscow-backed rebel regions of Ukraine. AFP
  • Russian military equipment crosses the Crimea border checkpoint. AFP
    Russian military equipment crosses the Crimea border checkpoint. AFP
  • People use a subway station as a bomb shelter in Kharkiv, Ukraine. EPA
    People use a subway station as a bomb shelter in Kharkiv, Ukraine. EPA
  • A traffic jam in Kyiv on February 24. Russian troops entered Ukraine while President Zelenskyy addressed the nation to announce the imposition of martial law. EPA
    A traffic jam in Kyiv on February 24. Russian troops entered Ukraine while President Zelenskyy addressed the nation to announce the imposition of martial law. EPA
  • Emergency services tend to an injured man after bombings hit the town of Chuguiv, Ukraine. AFP
    Emergency services tend to an injured man after bombings hit the town of Chuguiv, Ukraine. AFP
  • Firefighters tend to a fire after bombings in Chuguiv on February 24. AFP
    Firefighters tend to a fire after bombings in Chuguiv on February 24. AFP
  • Protesters show support for Ukraine in Times Square, New York, on February 24. EPA
    Protesters show support for Ukraine in Times Square, New York, on February 24. EPA
  • Ukrainian National Guard servicemen take their positions in central Kyiv on February 25. Reuters
    Ukrainian National Guard servicemen take their positions in central Kyiv on February 25. Reuters
  • Helena and her brother Bodia from Lviv at the Medyka pedestrian border crossing in eastern Poland on February 26. AFP
    Helena and her brother Bodia from Lviv at the Medyka pedestrian border crossing in eastern Poland on February 26. AFP
  • People desperate to leave Ukraine try to board a train at the railway station in Lviv on February 27. Oliver Marsden for The National
    People desperate to leave Ukraine try to board a train at the railway station in Lviv on February 27. Oliver Marsden for The National
  • Svyatoslav Yurash, 26, a lawmaker from Zelenskyy's Servant of the People party, poses with his assault rifle as he patrols downtown Kyiv on February 27. AFP
    Svyatoslav Yurash, 26, a lawmaker from Zelenskyy's Servant of the People party, poses with his assault rifle as he patrols downtown Kyiv on February 27. AFP
  • Mark Goncharuk, a young boy from Kyiv, leaves his father behind as he travels with the rest of his family towards the border on February 27. Reuters
    Mark Goncharuk, a young boy from Kyiv, leaves his father behind as he travels with the rest of his family towards the border on February 27. Reuters
  • A pro-Russian militia serviceman in the Luhansk region, Ukraine, on February 27. Reuters
    A pro-Russian militia serviceman in the Luhansk region, Ukraine, on February 27. Reuters
  • A Ukrainian serviceman and his dog look at smoke from a burned petroleum storage depot after a Russian missile attack near Kiev on February 27. EPA
    A Ukrainian serviceman and his dog look at smoke from a burned petroleum storage depot after a Russian missile attack near Kiev on February 27. EPA
  • Children with cancer are evacuated to the basement of the oncology centre used as a bomb shelter in Kyiv on February 28. AFP
    Children with cancer are evacuated to the basement of the oncology centre used as a bomb shelter in Kyiv on February 28. AFP
  • A woman in Kyiv looks at empty supermarket shelves after the curfew was lifted on February 28. Reuters
    A woman in Kyiv looks at empty supermarket shelves after the curfew was lifted on February 28. Reuters
  • People in support of Ukraine hold an anti-war protest outside the Russian Embassy in Mexico City on February 28. Reuters
    People in support of Ukraine hold an anti-war protest outside the Russian Embassy in Mexico City on February 28. Reuters
  • Ukrainian President Zelenskyy in Kyiv on March 1. Reuters
    Ukrainian President Zelenskyy in Kyiv on March 1. Reuters
  • Destroyed military vehicles in the town of Bucha, Ukraine, on March 1. Reuters
    Destroyed military vehicles in the town of Bucha, Ukraine, on March 1. Reuters
  • Members of a Ukrainian civil defence unit pass new assault rifles to the opposite side of a blown up bridge on Kyiv's northern front on March 1. AFP
    Members of a Ukrainian civil defence unit pass new assault rifles to the opposite side of a blown up bridge on Kyiv's northern front on March 1. AFP
  • Kirilo Trantin comforts an elephant at Kiev Zoo on March 1. AP
    Kirilo Trantin comforts an elephant at Kiev Zoo on March 1. AP
  • Stanislav says goodbye to his two-year-old son David and wife Anna after they boarded a train that will take them to Lviv, on March 3. AP
    Stanislav says goodbye to his two-year-old son David and wife Anna after they boarded a train that will take them to Lviv, on March 3. AP
  • People take cover on the floor of a hospital during shelling by Russian forces in Mariupol, Ukraine, on March 4. AP
    People take cover on the floor of a hospital during shelling by Russian forces in Mariupol, Ukraine, on March 4. AP
  • A flare lands at the Zaporizhzhia nuclear power plant in Ukraine during shelling on March 4. EPA
    A flare lands at the Zaporizhzhia nuclear power plant in Ukraine during shelling on March 4. EPA
  • Messages are posted by visitors on a board in support of Ukraine, inside the Ukrainian pavilion at Expo 2020 Dubai on March 4. AFP
    Messages are posted by visitors on a board in support of Ukraine, inside the Ukrainian pavilion at Expo 2020 Dubai on March 4. AFP
  • Ukrainians try to flee the country by crossing the Irpin River on the outskirts of Kyiv on March 5. AP
    Ukrainians try to flee the country by crossing the Irpin River on the outskirts of Kyiv on March 5. AP
  • Ukrainian territorial defence fighters Valeriy, right, and Lesya during their wedding ceremony near Kyiv on March 6. EPA
    Ukrainian territorial defence fighters Valeriy, right, and Lesya during their wedding ceremony near Kyiv on March 6. EPA
  • Russian policemen detain a participant in an unauthorised rally against the Russian special operation in Ukraine, in Saint Petersburg, Russia, on March 6. EPA
    Russian policemen detain a participant in an unauthorised rally against the Russian special operation in Ukraine, in Saint Petersburg, Russia, on March 6. EPA
  • US President Joe Biden announces a ban on US imports of Russian oil and gas on March 8. AFP
    US President Joe Biden announces a ban on US imports of Russian oil and gas on March 8. AFP
  • Russian President Vladimir Putin attends a videoconference meeting with government members at the Kremlin in Moscow, Russia, on March 10. EPA
    Russian President Vladimir Putin attends a videoconference meeting with government members at the Kremlin in Moscow, Russia, on March 10. EPA
  • Russian Foreign Minister Sergei Lavrov, right, and Ukranian Foreign Minister Dmytro Kuleba before their meeting during the Antalya Diplomacy Forum in Antalya, Turkey, on March 10. EPA
    Russian Foreign Minister Sergei Lavrov, right, and Ukranian Foreign Minister Dmytro Kuleba before their meeting during the Antalya Diplomacy Forum in Antalya, Turkey, on March 10. EPA
  • An explosion tears a hole in the side of an apartment building after a Russian tank fired a rocket in Mariupol on March 11. AP Photo
    An explosion tears a hole in the side of an apartment building after a Russian tank fired a rocket in Mariupol on March 11. AP Photo
  • Yana Hladiychuk of Ukraine UKR looks on with a 'Stop War' message on her face after the women's pole vault on day two of the World Athletics Indoor Championships Belgrade 2022 on March 19. Getty Images
    Yana Hladiychuk of Ukraine UKR looks on with a 'Stop War' message on her face after the women's pole vault on day two of the World Athletics Indoor Championships Belgrade 2022 on March 19. Getty Images
  • In this picture taken on March 18, 109 empty prams and baby baskets are seen outside the Lviv city council during an action to highlight the number of children killed in Russia's invasion of Ukraine. AFP
    In this picture taken on March 18, 109 empty prams and baby baskets are seen outside the Lviv city council during an action to highlight the number of children killed in Russia's invasion of Ukraine. AFP
  • Six-year-old Milana, who is recovering from leg injuries sustained after a Russian rocket hit her house on February 28, killing her mother, reacts to volunteers dressed as clowns at a children's hospital in Kyiv on March 19. Getty Images
    Six-year-old Milana, who is recovering from leg injuries sustained after a Russian rocket hit her house on February 28, killing her mother, reacts to volunteers dressed as clowns at a children's hospital in Kyiv on March 19. Getty Images
  • People clean a room in an apartment building destroyed during an air raid in Kyiv on March 21. Reuters
    People clean a room in an apartment building destroyed during an air raid in Kyiv on March 21. Reuters
  • A firefighter works at a residential district that was damaged by shelling in Kyiv on March 23. Reuters
    A firefighter works at a residential district that was damaged by shelling in Kyiv on March 23. Reuters
  • Smoke billows from a fire on what Ukrainian Ministry of Defence says is a Russian ship at the port of Berdiansk on March 24. Reuters
    Smoke billows from a fire on what Ukrainian Ministry of Defence says is a Russian ship at the port of Berdiansk on March 24. Reuters
  • Turkey's President Recep Tayyip Erdogan, Britain's Prime Minister Boris Johnson, US President Joe Biden, Nato Secretary General Jens Stoltenberg, Belgium's Prime Minister Alexander De Croo and leaders of the US-led military alliance pose for a family photo at Nato Headquarters in Brussels, Belgium, on March 24. Reuters
    Turkey's President Recep Tayyip Erdogan, Britain's Prime Minister Boris Johnson, US President Joe Biden, Nato Secretary General Jens Stoltenberg, Belgium's Prime Minister Alexander De Croo and leaders of the US-led military alliance pose for a family photo at Nato Headquarters in Brussels, Belgium, on March 24. Reuters
  • This general view taken on March 30 shows fire and smoke lighting up the night sky, east of Kharkiv. AFP
    This general view taken on March 30 shows fire and smoke lighting up the night sky, east of Kharkiv. AFP
  • Women sew camouflage fabric for homemade military bullet proof vests and flak jackets in Mykolaiv on March 31. Oliver Marsden for the National
    Women sew camouflage fabric for homemade military bullet proof vests and flak jackets in Mykolaiv on March 31. Oliver Marsden for the National
  • A theatre destroyed in the southern port city of Mariupol on April 3. Reuters
    A theatre destroyed in the southern port city of Mariupol on April 3. Reuters
  • Women stand in their robes as smoke rises in the background after shelling in Odesa, Ukraine, on Sunday, April 3. AP
    Women stand in their robes as smoke rises in the background after shelling in Odesa, Ukraine, on Sunday, April 3. AP
  • President Zelenskyy in the town of Bucha, northwest of the Ukrainian capital Kyiv, on April 4. AFP
    President Zelenskyy in the town of Bucha, northwest of the Ukrainian capital Kyiv, on April 4. AFP
  • A woman carries her cat as she walks past buildings destroyed by Russian shelling in Borodyanka, Ukraine, on April 5. Reuters
    A woman carries her cat as she walks past buildings destroyed by Russian shelling in Borodyanka, Ukraine, on April 5. Reuters
  • Ukrainian servicemen sing a patriotic song amid buildings destroyed during fighting between Ukrainian and Russian forces in Borodyanka on April 5. AP
    Ukrainian servicemen sing a patriotic song amid buildings destroyed during fighting between Ukrainian and Russian forces in Borodyanka on April 5. AP
  • A firefighter works at the site of burning fuel storage facilities damaged by an air strike in Dnipropetrovsk region, Ukraine, on April 6. Reuters
    A firefighter works at the site of burning fuel storage facilities damaged by an air strike in Dnipropetrovsk region, Ukraine, on April 6. Reuters
  • Pope Francis holds a Ukraine flag sent to him from the Ukrainian town of Bucha during the weekly general audience in the Paul VI Audience Hall, Vatican City, on April 6. EPA
    Pope Francis holds a Ukraine flag sent to him from the Ukrainian town of Bucha during the weekly general audience in the Paul VI Audience Hall, Vatican City, on April 6. EPA
  • Photos of people are seen next to a destroyed apartment building on April 9 in Borodianka. Getty Images
    Photos of people are seen next to a destroyed apartment building on April 9 in Borodianka. Getty Images
  • Mr Johnson and Mr Zelensky in central Kyiv on April 9. AFP
    Mr Johnson and Mr Zelensky in central Kyiv on April 9. AFP
  • A booby trap found by locals near their home in the village of Zalissya village, Ukraine, on April 12. EPA
    A booby trap found by locals near their home in the village of Zalissya village, Ukraine, on April 12. EPA
  • Yehor, 7, holds a toy rifle next to destroyed Russian military vehicles near Chernihiv on Sunday, April 17. AP
    Yehor, 7, holds a toy rifle next to destroyed Russian military vehicles near Chernihiv on Sunday, April 17. AP
  • A man takes a selfie in front of a destroyed Russian tank in the village of Andriivka, Ukraine, on April 17. AFP
    A man takes a selfie in front of a destroyed Russian tank in the village of Andriivka, Ukraine, on April 17. AFP
  • Destroyed structures in Irpin, Ukraine, on April 8. Getty Images
    Destroyed structures in Irpin, Ukraine, on April 8. Getty Images
  • A sign saying 'children' on the windscreen of a car with bullet holes in Irpin on April 19. AFP
    A sign saying 'children' on the windscreen of a car with bullet holes in Irpin on April 19. AFP
  • An armoured convoy of pro-Russian troops moves along a road in the southern port city of Mariupol on April 21. Reuters
    An armoured convoy of pro-Russian troops moves along a road in the southern port city of Mariupol on April 21. Reuters
  • Ukraine's President Volodymyr Zelenskyy poses for a picture with US Secretary of State Antony Blinken and US Defence Secretary Lloyd Austin in Kyiv on April 24. Reuters
    Ukraine's President Volodymyr Zelenskyy poses for a picture with US Secretary of State Antony Blinken and US Defence Secretary Lloyd Austin in Kyiv on April 24. Reuters
  • A Ukrainian serviceman looks at a Russian ballistic missile's booster stage that fell in a field in Bohodarove, eastern Ukraine, on April 25. AFP
    A Ukrainian serviceman looks at a Russian ballistic missile's booster stage that fell in a field in Bohodarove, eastern Ukraine, on April 25. AFP
  • Lithuanian musician Darius Mazintas plays a piano in front of the Central House of Culture, destroyed during Russia's invasion, in the town of Irpin on April 26. Reuters
    Lithuanian musician Darius Mazintas plays a piano in front of the Central House of Culture, destroyed during Russia's invasion, in the town of Irpin on April 26. Reuters
  • A woman cries as she takes part in a rally in Kyiv on April 27 demanding international leaders organise a humanitarian corridor for the evacuation of Ukrainian military and civilians from Mariupol. Reuters
    A woman cries as she takes part in a rally in Kyiv on April 27 demanding international leaders organise a humanitarian corridor for the evacuation of Ukrainian military and civilians from Mariupol. Reuters
  • UN Secretary General Antonio Guterres visits Borodianka on April 28. AFP
    UN Secretary General Antonio Guterres visits Borodianka on April 28. AFP
  • People wait in a car to be processed at a reception centre for displaced people in Zaporizhzhia, Ukraine, on Monday, May 2. AP
    People wait in a car to be processed at a reception centre for displaced people in Zaporizhzhia, Ukraine, on Monday, May 2. AP
  • Anton Gladun lies on his bed at the Third City Hospital in Cherkasy, Ukraine, on Thursday, May 5. AP
    Anton Gladun lies on his bed at the Third City Hospital in Cherkasy, Ukraine, on Thursday, May 5. AP
  • Patron, a dog trained to search for explosives, during demining works at the Gostomel airfield near Kyiv on May 5. EPA
    Patron, a dog trained to search for explosives, during demining works at the Gostomel airfield near Kyiv on May 5. EPA
  • A woman covers her ears from the sound of mortar fire as people queue to collect pensions from a postal delivery van that reached the frontline despite the ongoing conflict in Mayaky, eastern Ukraine, on May 6. AFP
    A woman covers her ears from the sound of mortar fire as people queue to collect pensions from a postal delivery van that reached the frontline despite the ongoing conflict in Mayaky, eastern Ukraine, on May 6. AFP
  • Service members of pro-Russian troops fire from a tank near the Azovstal steel plant in the southern port city of Mariupol on May 5. Reuters
    Service members of pro-Russian troops fire from a tank near the Azovstal steel plant in the southern port city of Mariupol on May 5. Reuters
  • A Ukrainian soldier inside the ruined Azovstal steel plant in Mariupol on May 7. AP
    A Ukrainian soldier inside the ruined Azovstal steel plant in Mariupol on May 7. AP
  • The statue of Ukrainian philosopher Hryhoriy Skovoroda stands in the damaged Hryhoriy Skovoroda Literary Memorial Museum in Skovorodynivka, Ukraine, on May 7. EPA
    The statue of Ukrainian philosopher Hryhoriy Skovoroda stands in the damaged Hryhoriy Skovoroda Literary Memorial Museum in Skovorodynivka, Ukraine, on May 7. EPA
  • First lady Jill Biden receives flowers from Olena Zelenska, wife of Ukraine's President Zelenskyy, outside a public school in Uzhhorod, Slovakia, on May 8. Reuters
    First lady Jill Biden receives flowers from Olena Zelenska, wife of Ukraine's President Zelenskyy, outside a public school in Uzhhorod, Slovakia, on May 8. Reuters
  • Bono and The Edge sing during a performance for Ukrainian people inside a subway station in Kyiv on May 8. Reuters
    Bono and The Edge sing during a performance for Ukrainian people inside a subway station in Kyiv on May 8. Reuters
  • An explosion at the Azovstal Iron and Steel Works in Mariupol on May 11. Reuters
    An explosion at the Azovstal Iron and Steel Works in Mariupol on May 11. Reuters
  • Russian paratroopers on a BMD-4 infantry fighting vehicle in Kharkiv on May 11. EPA
    Russian paratroopers on a BMD-4 infantry fighting vehicle in Kharkiv on May 11. EPA
  • Sasha, left, 4, and his sister Ksenia, 8, in a basement shelter in Lysychansk, eastern Ukraine, on May 15. AFP
    Sasha, left, 4, and his sister Ksenia, 8, in a basement shelter in Lysychansk, eastern Ukraine, on May 15. AFP
  • A controlled detonation of explosive devices near Borodianka, Ukraine, on May 17. Reuters
    A controlled detonation of explosive devices near Borodianka, Ukraine, on May 17. Reuters
  • People stand amid newly-made graves at a cemetery in Staryi Krym outside Mariupol on May 22. Reuters
    People stand amid newly-made graves at a cemetery in Staryi Krym outside Mariupol on May 22. Reuters
  • A view shows the destroyed Azovstal Iron and Steel Works in Mariupol on May 22. Reuters
    A view shows the destroyed Azovstal Iron and Steel Works in Mariupol on May 22. Reuters
  • Russian Sgt Vadim Shishimarin listens to his translator during his court hearing in Kyiv on May 23. The 21-year-old soldier pleaded guilty to killing an unarmed civilian. AP
    Russian Sgt Vadim Shishimarin listens to his translator during his court hearing in Kyiv on May 23. The 21-year-old soldier pleaded guilty to killing an unarmed civilian. AP
  • President Zelenskyy on a screen at the opening ceremony of the World Economic Forum in Davos, Switzerland, on May 23. Reuters
    President Zelenskyy on a screen at the opening ceremony of the World Economic Forum in Davos, Switzerland, on May 23. Reuters
  • A red poppy in front of a destroyed residential building in Mariupol on May 31. AFP
    A red poppy in front of a destroyed residential building in Mariupol on May 31. AFP
  • The Russia-Ukraine conflict is discussed during the 152nd session of the Ministerial Council of the Gulf Co-operation Council in Riyadh, Saudi Arabia, on June 1. EPA
    The Russia-Ukraine conflict is discussed during the 152nd session of the Ministerial Council of the Gulf Co-operation Council in Riyadh, Saudi Arabia, on June 1. EPA

“‘Finally,’ they say, ‘Germany is taking on the security policy responsibility that it has in the 21st century,’” he said.

The opposition has insisted during negotiations that the fund be used exclusively for the Bundeswehr rather than other items on a potential national security shopping list, including civilian cyber defence measures

Some details of how the money will be spent have been released: the bulk of the German investment, €40.9bn, will go towards the air force with the acquisition of 35 US-made F-35 fighter jets, 15 Eurofighter jets and 60 Chinook transport helicopters.

About €20bn will be earmarked for the navy, mainly for new corvettes, frigates and a 212-model submarine.

More than €16bn will beef up the army's holdings with Marder transport tanks and Fuchs armoured troop carriers.

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

The specS: 2018 Toyota Camry

Price: base / as tested: Dh91,000 / Dh114,000

Engine: 3.5-litre V6

Gearbox: Eight-speed automatic

Power: 298hp @ 6,600rpm

Torque: 356Nm @ 4,700rpm

Fuel economy, combined: 7.0L / 100km

Miss Granny

Director: Joyce Bernal

Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa

3/5

(Tagalog with Eng/Ar subtitles)

While you're here
How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Fixtures

Opening day Premier League fixtures for August 9-11

August 9

Liverpool v Norwich 11pm

August 10

West Ham v Man City 3.30pm

Bournemouth v Sheffield Utd 6pm

Burnley v Southampton 6pm

C Palace v Everton 6pm

Leicester v Wolves 6pm

Watford v Brighton 6pm

Tottenham v Aston Villa 8.30pm

August 11

Newcastle v Arsenal 5pm

Man United v Chelsea 7.30pm

 

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Updated: June 03, 2022, 6:26 PM