Plans for Jackson memorial at Neverland


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Michael Jackson's body will make a poignant final journey to Neverland Ranch, fuelling speculation that the sprawling fantasy retreat could become a permanent memorial to the tragic pop icon. A 30-car motorcade reportedly plans to escort the body on Thursday to the King of Pop's 1,050-hectare estate, a monument to Jackson's obsession with childhood that once included a fairground and a private zoo.

CNN and the celebrity news website TMZ.com said the Jackson family planned a public viewing on Friday, which could draw a crush of fans to the isolated ranch north of Los Angeles. Jackson's death at the age of 50 last week has sparked a worldwide outpouring of tributes which continued on Tuesday with crowds gathering at New York's famous Apollo Theater for a celebration of the star's life. Friday's public viewing could be an indication that the Jackson family has permanent plans for Neverland.

Santa Barbara County officials said on Tuesday they had received no formal notification of a memorial but said departments were "preparing to accommodate a large event" if a request for a Neverland funeral was made. However, a flurry of vehicles, heavy construction equipment and workers has been spotted going in and out of the Neverland Ranch. More than a dozen vehicles, including a tractor, a cement mixer and a backhoe were seen with one bearing a phone number that rang at a custom ironworks company. Gardeners and police were spotted on the grounds.

Members of Jackson's family have met with officials from the police and California Highway Patrol about funeral services. A California Highway Patrol spokeswoman Fran Clader says the meeting was held on Tuesday afternoon and "details are still pending". Some fans say the star should be buried at the ranch and want it to be transformed into a shrine similar to Elvis Presley's Graceland. Neverland was named after the fantasy island of Peter Pan, Jackson's inspiration who refused to grow up.

But the estate fell into disrepair after becoming an alleged crime scene in Jackson's 2005 trial on child molestation charges. Jackson vacated the property following his acquittal and never lived there again. The estate was reportedly on the verge of foreclosure before Jackson's death as his extravagant lifestyle and mounting personal and legal problems took their toll on his finances. The long-term fate of Neverland has been one of the myriad legal issues arising from Jackson's sudden death.

A judge on Monday gave Jackson's 79-year-old mother, Katherine, temporary control over his estate including Neverland and the rights to songs of the Beatles. She was also named temporary guardian of his three children. The Wall Street Journal reported that Jackson drafted a will in 2002 that divided his estate between his mother, his three children and one or more charities. Conspicuously absent was his father, Joe Jackson, who groomed his nine children into musical sensations but had an uneasy relationship with his son.

Lawyers for the Jackson family said they had seen the will, which could be filed in court today, according to reports. The Los Angeles Times, meanwhile, reported that police detectives are seeking to identify and interview "multiple doctors" who treated Jackson in the years before his death. Attention has so far focused on the role of Jackson's doctor, Conrad Murray, who was with the star just before his death last Thursday.

Lawyers for Mr Murray and law enforcement sources have said he is not suspected of wrongdoing and has co-operated with the investigation. On Monday, coroner's office investigators removed several plastic bags of medication from Jackson's rented mansion in Holmby Hills, described as "additional medical evidence". A former nurse who cared for Michael Jackson told CNN the pop-star pleaded with her to provide him a powerful sedative in the last months of his life.

Cherilyn Lee, a health practitioner with more than 20 years experience, said she had turned down the request after warning the singer of the side effects. "I told him this medication is not safe," Mr Lee said. "I told him - and it is so painful that I actually felt it in my whole spirit - 'If you take that you might not wake up'." Meanwhile, the organisers of a series of Jackson's planned comeback concerts in London have revealed that video footage of his rehearsals existed and could be released to the public.

The president of promoters AEG Live, Randy Phillips, told Sky News television that video of the pop legend's performances would disprove rumors that he was incredibly frail before his death. "We may at some point release some footage of him in rehearsal that would totally refute that," he said. *AFP

Company%20profile
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Australia tour of Pakistan

March 4-8: First Test, Rawalpindi  

March 12-16: Second Test, Karachi 

March 21-25: Third Test, Lahore

March 29: First ODI, Rawalpindi

March 31: Second ODI, Rawalpindi

April 2: Third ODI, Rawalpindi

April 5: T20I, Rawalpindi

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UAE currency: the story behind the money in your pockets
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
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Novak Djokovic - elbow

Roger Federer - back

Stan Wawrinka - knee

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Marin Cilic - adductor

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Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

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Transmission: 9-speed auto

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*November 15 to November 24

*Venue: Zayed Cricket Stadium, Abu Dhabi

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*TV: Ten Sports

*Streaming: Jio Live

*2017 winners: Kerala Kings

*2018 winners: Northern Warriors

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
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  • Field engineer: Dh6,500 to Dh7,500
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How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Seven tips from Emirates NBD

1. Never respond to e-mails, calls or messages asking for account, card or internet banking details

2. Never store a card PIN (personal identification number) in your mobile or in your wallet

3. Ensure online shopping websites are secure and verified before providing card details

4. Change passwords periodically as a precautionary measure

5. Never share authentication data such as passwords, card PINs and OTPs  (one-time passwords) with third parties

6. Track bank notifications regarding transaction discrepancies

7. Report lost or stolen debit and credit cards immediately

Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

The specs: 2018 Chevrolet Trailblazer

Price, base / as tested Dh99,000 / Dh132,000

Engine 3.6L V6

Transmission: Six-speed automatic

Power 275hp @ 6,000rpm

Torque 350Nm @ 3,700rpm

Fuel economy combined 12.2L / 100km

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Conservative MPs who have publicly revealed sending letters of no confidence
  1. Steve Baker
  2. Peter Bone
  3. Ben Bradley
  4. Andrew Bridgen
  5. Maria Caulfield​​​​​​​
  6. Simon Clarke 
  7. Philip Davies
  8. Nadine Dorries​​​​​​​
  9. James Duddridge​​​​​​​
  10. Mark Francois 
  11. Chris Green
  12. Adam Holloway
  13. Andrea Jenkyns
  14. Anne-Marie Morris
  15. Sheryll Murray
  16. Jacob Rees-Mogg
  17. Laurence Robertson
  18. Lee Rowley
  19. Henry Smith
  20. Martin Vickers 
  21. John Whittingdale