Iranian President Hassan Rouhani speaks during the Cabinet meeting, as the coronavirus continues to spread in the country. Reuters
Iranian President Hassan Rouhani speaks during the Cabinet meeting, as the coronavirus continues to spread in the country. Reuters
Iranian President Hassan Rouhani speaks during the Cabinet meeting, as the coronavirus continues to spread in the country. Reuters
Iranian President Hassan Rouhani speaks during the Cabinet meeting, as the coronavirus continues to spread in the country. Reuters

Iran floods leave 21 dead and one missing


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Flooding in Iran caused by heavy rainfall has left 21 people dead and one missing.

On Wednesday, emergency services spokesman Mojtaba Khaledi told Iran’s Isna news agency that 22 people had also been injured, with most of the casualties in southern or central provinces.

He said 11 people died in Fars province, three each in Hormozgan and Qom, two in Sistan and Baluchistan province, and one each in Bushehr and Khuzestan.

Mr Khaledi said one person was still missing in Hormozgan on the Gulf coast.

Flooding last week killed 12 people, and Mr Khaledi warned more heavy rain was on its way.

Iran is already battling one of the world’s deadliest coronavirus outbreaks, with more than 3,000 deaths and almost 48,000 cases of the virus reported.

In March and April last year, heavy rainfall and flooding killed at least 76 people in the country.

At the time, the International Federation of Red Cross and Red Crescent Societies estimated 10 million people were affected, describing the floods as “the largest disaster to hit Iran in more than 15 years”.

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Glossary of a stock market revolution

Reddit

A discussion website

Redditor

The users of Reddit

Robinhood

A smartphone app for buying and selling shares

Short seller

Selling a stock today in the belief its price will fall in the future

Short squeeze

Traders forced to buy a stock they are shorting 

Naked short

An illegal practice  

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

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