Washington, DC Ð July 30, 2008 Ð H.E. Yousef Al Otaiba, the new United Arab Emirates (U.A.E.) Ambassador in Washington, D.C., presented his credentials to President George W. Bush at the White House.ÊHe succeeds H.E. Ambassador Saqr Ghobash, who had served at the post since March 2006.
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Yousef al Otaiba visits the White House on Tuesday.

Bush welcomes new Ambassador to US



Yousef al Otaiba, the new UAE Ambassador to the United States, presented his credentials on Tuesday to George W Bush, the US president, at a White House ceremony that marked the official start of his posting. Mr Otaiba, 35, a security and anti-terrorism expert, has been assigned to strengthen UAE-US relations and continue the development of political, economic and cultural ties.

"The current state of UAE-US relations is excellent," he said after meeting Mr Bush. "We share common interests to advance peace and security, promote economic stability and growth and forge closer cultural and educational ties. "The UAE enjoys a broad and comprehensive relationship with the United States, based on mutual interests. I have been given a clear mission: to further strengthen the UAE's relationship with the United States."

Mr Otaiba hopes to deepen relations with the expansion of bilateral trade and a multitude of cultural and educational exchanges. The US Commerce Department lists the UAE as the United States' largest export market in the Arab world in 2007, with exports totalling US$11.6 billion (Dh42.6bn). The Guggenheim Museum and several US universities have established a presence in the country or are due to do so in the near future.

"Ambassador al Otaiba brings a new dimension and energy to the US-UAE relationship," Danny Sebright, the president of the US-UAE Business Council, said at a council meeting held in Washington DC on Tuesday to welcome the new ambassador. "We look forward to working closely with the ambassador on issues that are of importance to the US-UAE Business Council: expanding bilateral trade, promoting open investment and strengthening security ties."

Mr Otaiba studied international relations at Georgetown University and was an international fellow at the Industrial College of the US Armed Forces at the National Defense University in Washington. His new post comes at time when the UAE has assumed an enhanced role in international affairs and has deepened its security interests with the United States. UAE troops have been providing humanitarian aid to Afghanistan since 2003 under the Nato-led International Security Assistance Force. Their deployment followed several other missions in which the UAE has provided assistance to the United States, including Operation Desert Storm, Operation Iraqi Freedom, as well as UN operations in Somalia and Kosovo.

Mr Bush visited the UAE in January and hosted Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi, recently at Camp David. Mr Otaiba served as a senior adviser to Sheikh Mohammed and, until his new posting, as Director of International Affairs for the Court of the Crown Prince. He also served as the country's principal security, anti-terrorism and defence liaison with other governments. He succeeds Saqr Ghobash, who had served as Ambassador since March 2006.

@Email:hnaylor@thenational.ae

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

The schedule

December 5 - 23: Shooting competition, Al Dhafra Shooting Club

December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq

December 11 - 20: Dates competition, from 4pm

December 12 - 20: Sour milk competition

December 13: Falcon beauty competition

December 14 and 20: Saluki races

December 15: Arabian horse races, from 4pm

December 16 - 19: Falconry competition

December 18: Camel milk competition, from 7.30 - 9.30 am

December 20 and 21: Sheep beauty competition, from 10am

December 22: The best herd of 30 camels

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat

Sweet Tooth

Creator: Jim Mickle
Starring: Christian Convery, Nonso Anozie, Adeel Akhtar, Stefania LaVie Owen
Rating: 2.5/5

Dolittle

Director: Stephen Gaghan

Stars: Robert Downey Jr, Michael Sheen

One-and-a-half out of five stars

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

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

The Roundup : No Way Out

Director: Lee Sang-yong
Stars: Don Lee, Lee Jun-hyuk, Munetaka Aoki
Rating: 3/5

TECH SPECS: APPLE WATCH SERIES 9

Display: 41mm – 352 x 430; 45mm – 396 x 484; always-on Retina LTPO OLED, 2000 nits max; Ion-X glass (aluminium cases), sapphire crystal (stainless steel cases)

Processor: Apple S9 64-bit, W3 wireless, 2nd-gen Ultra Wideband

Capacity: 64GB

Memory: 1GB

Platform: watchOS 10

Health metrics: Blood oxygen sensor, electrical heart sensor and ECG, 3rd-gen optical heart sensor, high and low heart rate notifications, irregular rhythm notifications, sleep stages, temperature sensing

Emergency services: Emergency SOS, international emergency calling, crash detection, fall detection

Connectivity: GPS/GPS + cellular; Wi-Fi, LTE, Bluetooth 5.3, NFC (Apple Pay)

Durability: IP6X, water resistant up to 50m, dust resistant

Battery: 308mAh Li-ion, up to 18h regular/36h low power; wireless charging

Cards: eSIM

Finishes: Aluminium – midnight, pink, Product Red, silver, starlight; stainless steel – gold, graphite, silver

In the box: Watch Series 9, woven magnetic-to-USB-C charging cable, band/loop

Price: Starts at Dh1,599 (41mm) / Dh1,719 (45mm)

Guardians of the Galaxy Vol 3

Director: James Gunn

Stars: Chris Pratt, Zoe Saldana, Dave Bautista, Vin Diesel, Bradley Cooper

Rating: 4/5

COMPANY PROFILE

Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

Most match wins on clay

Guillermo Vilas - 659

Manuel Orantes - 501

Thomas Muster - 422

Rafael Nadal - 399 *

Jose Higueras - 378

Eddie Dibbs - 370

Ilie Nastase - 338

Carlos Moya - 337

Ivan Lendl - 329

Andres Gomez - 322

The specs

Engine: Twin-turbo, V8
Transmission: 8-speed automatic and manual
Power: 503 bhp
Torque: 513Nm
Price: from Dh646,800 ($176,095)
On sale: now

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)

Asia Cup 2018 Qualifier

Sunday's results:

  • UAE beat Malaysia by eight wickets
  • Nepal beat Singapore by four wickets
  • Oman v Hong Kong, no result

Tuesday fixtures:

  • Malaysia v Singapore
  • UAE v Oman
  • Nepal v Hong Kong

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