A general view of the Qatari side of the Abu Samrah border crossing with Saudi Arabia on June 23, 2017. AFP
A general view of the Qatari side of the Abu Samrah border crossing with Saudi Arabia on June 23, 2017. AFP
A general view of the Qatari side of the Abu Samrah border crossing with Saudi Arabia on June 23, 2017. AFP
A general view of the Qatari side of the Abu Samrah border crossing with Saudi Arabia on June 23, 2017. AFP

Saudi official hints at Qatar-canal announcement


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The Saudi government appears to be close to announcing the winner of a tender to dig a canal along the border with Qatar, effectively transforming the peninsula nation into an island.

The tender process for the ambitious project to dig a 60-kilometre navigable canal closed on June 25 with Saudi media reporting at the time that the results would be announced in September.

A senior government official signalled on Friday that the final approvals for the project may be in the works.

“I am eagerly awaiting details on the implementation of the Salwa island project, a great, historic project that will change the geography of the region,” Saud Al Qahtani, a senior adviser to Crown Prince Mohammed bin Salman, said on Twitter.

Five unnamed international companies with experience in digging have reportedly submitted bids to carry out the work worth 2.8 billion Saudi riyals (Dh2.74 billion).

The canal will stretch from the town of Salwa just south-west of the Qatari border to Khor Al Adeed. It will be 200 metres wide and 15 metres to 20 metres deep, allowing ships up to 295 metres long and 33 metres wide to navigate it.

Roy Cooper / The National
Roy Cooper / The National

The channel will be set one kilometre back from the official border. Riyadh is looking to develop significant infrastructure along the canal, including a military base and an atomic waste storage dump to service nuclear power stations it plans to build in the country.

Seaports will be built in Salwa and in Aqlat Al Zawayed for shipping and marinas for pleasure yachts and water sports will be built along the banks of the canal near two planned holiday resorts with beaches.

The funding has reportedly been put forward by Saudi and Emirati private investors, and an Egyptian company will be involved in the undertaking.

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Read more: 

Bahrain stops issuing visas for Qatari nationals

Boycott of Qatar will last 'as long as it takes,' says Bahrain's foreign minister

Qatari spy describes cold war against UAE

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There is no set timeframe.

In April, Saudi border guards replaced the customs and passport departments along the frontier, effectively ending crossings and sealing Qatar’s only land border.

Saudi Arabia, the UAE, Bahrain and Egypt suspended travel and trade ties with Qatar last June because of its support for terrorism in the region and its close ties to Iran.

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

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Bharat

Director: Ali Abbas Zafar

Starring: Salman Khan, Katrina Kaif, Sunil Grover

Rating: 2.5 out of 5 stars

MATCH INFO

Norwich City 1 (Cantwell 75') Manchester United 2 (Aghalo 51' 118') After extra time.

Man of the match Harry Maguire (Manchester United)

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

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

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. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

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

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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Asia Cup Qualifier

Venue: Kuala Lumpur

Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September

Fixtures:

Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore

Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman

Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal

Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore

Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong

Thu Sep 6: Final

 

Asia Cup

Venue: Dubai and Abu Dhabi

Schedule: Sep 15-28

Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier

Dunki
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Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

21 Lessons for the 21st Century

Yuval Noah Harari, Jonathan Cape
 

Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5

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.

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)