Queen Elizabeth II with US President Joe Biden during his visit to Windsor Castle in Berkshire in June 2021. PA
Queen Elizabeth II with US President Joe Biden during his visit to Windsor Castle in Berkshire in June 2021. PA
Queen Elizabeth II with US President Joe Biden during his visit to Windsor Castle in Berkshire in June 2021. PA
Queen Elizabeth II with US President Joe Biden during his visit to Windsor Castle in Berkshire in June 2021. PA

US President Joe Biden to attend Queen Elizabeth II's funeral


Soraya Ebrahimi
  • English
  • Arabic

Queen Elizabeth II dies — follow the latest news as the world mourns

Officials have confirmed US President Joe Biden will attend the queen’s funeral, amid reports that foreign heads of state will be asked to catch a coach to the service.

Leaked documents show dignitaries will travel to Westminster Abbey in escorted coaches and “because of tight security and road restrictions” they will be required to leave their private state vehicles behind.

Only heads of state and their spouses or partners will be invited to the event on September 19, because of limited space in the historic building, it has been reported.

The White House confirmed that Mr Biden will attend the funeral with his wife Jill.

Politico reported that a communication from the Foreign, Commonwealth and Development Office was sent to embassies late on Saturday.

The department said it “regrets that, because of limited space at the state funeral service and associated events, no other members of the principal guest’s family, staff or entourage may be admitted", it was reported.

Heads of state unable to attend may choose someone else as their official representative.

Queen Elizabeth with 11 US presidents — in pictures

  • Queen Elizabeth II welcomes former US president John Kennedy to Buckingham Palace. AP
    Queen Elizabeth II welcomes former US president John Kennedy to Buckingham Palace. AP
  • The queen did not meet with Kennedy's successor, Lyndon Johnson. AP
    The queen did not meet with Kennedy's successor, Lyndon Johnson. AP
  • Queen Elizabeth speaking during a banquet in Buckingham Palace alongside Barack Obama, the US president at the time. Getty Images
    Queen Elizabeth speaking during a banquet in Buckingham Palace alongside Barack Obama, the US president at the time. Getty Images
  • Queen Elizabeth with US President Joe Biden at Windsor Castle in England on June 13, 2021. Getty Images
    Queen Elizabeth with US President Joe Biden at Windsor Castle in England on June 13, 2021. Getty Images
  • Queen Elizabeth with the Bidens at Windsor Castle. Getty Images
    Queen Elizabeth with the Bidens at Windsor Castle. Getty Images
  • Queen Elizabeth with US first lady Jill Biden in the Grand Corridor at Windsor Castle. Getty Images
    Queen Elizabeth with US first lady Jill Biden in the Grand Corridor at Windsor Castle. Getty Images
  • The Bidens with the queen at Windsor Castle. Reuters
    The Bidens with the queen at Windsor Castle. Reuters
  • Mr Biden and Queen Elizabeth. Reuters
    Mr Biden and Queen Elizabeth. Reuters
  • Ms Biden with the queen at Windsor Castle. Reuters
    Ms Biden with the queen at Windsor Castle. Reuters
  • Mr Biden and his wife with the queen after attending the G7 Leader's Summit. Getty Images
    Mr Biden and his wife with the queen after attending the G7 Leader's Summit. Getty Images
  • Former US president Barack Obama and the queen during a State Banquet in Buckingham Palace on May 24, 2011 in London. Getty Images
    Former US president Barack Obama and the queen during a State Banquet in Buckingham Palace on May 24, 2011 in London. Getty Images
  • Mr Obama and former first lady Michelle Obama are welcomed by the queen to Buckingham Palace on April 1, 2009. Photo: White House
    Mr Obama and former first lady Michelle Obama are welcomed by the queen to Buckingham Palace on April 1, 2009. Photo: White House
  • Ms Obama greets football star David Beckham at a dinner in honour of the queen at Winfield House in London, on May 25, 2011. Photo: US National Archives
    Ms Obama greets football star David Beckham at a dinner in honour of the queen at Winfield House in London, on May 25, 2011. Photo: US National Archives
  • Mr Obama and Queen Elizabeth greet guests including actor Colin Firth at Winfield House, on May 25, 2011. Photo: US National Archives
    Mr Obama and Queen Elizabeth greet guests including actor Colin Firth at Winfield House, on May 25, 2011. Photo: US National Archives
  • Mr Obama and his wife attend a State Banquet hosted by the queen at Buckingham Palace. Photo: US National Archives
    Mr Obama and his wife attend a State Banquet hosted by the queen at Buckingham Palace. Photo: US National Archives
  • Mr and Mrs Obama receive the queen and Prince Philip, Duke of Edinburgh, prior to a dinner in the queen's honour at Winfield House in London. Photo: US National Archives
    Mr and Mrs Obama receive the queen and Prince Philip, Duke of Edinburgh, prior to a dinner in the queen's honour at Winfield House in London. Photo: US National Archives
  • Mr and Ms Obama talk with the queen, Prince Philip, US ambassador Louis Susman and his wife, Margaret. Photo: US National Archives
    Mr and Ms Obama talk with the queen, Prince Philip, US ambassador Louis Susman and his wife, Margaret. Photo: US National Archives
  • The queen and the Obamas at Winfield House, the residence of the US ambassador. Getty Images
    The queen and the Obamas at Winfield House, the residence of the US ambassador. Getty Images
  • The Obamas walk out to pose with the queen and Prince Phillip before a state dinner at Buckingham Palace. Reuters
    The Obamas walk out to pose with the queen and Prince Phillip before a state dinner at Buckingham Palace. Reuters
  • Mr Obama and his wife pose for photographs with the queen and Prince Philip during an audience at Buckingham Palace on April 1, 2009. Getty Images
    Mr Obama and his wife pose for photographs with the queen and Prince Philip during an audience at Buckingham Palace on April 1, 2009. Getty Images
  • Former US president Donald Trump and the queen inspect a Guard of Honour, formed of the Coldstream Guards, at Windsor Castle in July 2018. Getty Images
    Former US president Donald Trump and the queen inspect a Guard of Honour, formed of the Coldstream Guards, at Windsor Castle in July 2018. Getty Images
  • Former US first lady Melania Trump, the queen and the Duchess of Cornwall during the Ceremonial Welcome at Buckingham Palace. Photo: US National Archives
    Former US first lady Melania Trump, the queen and the Duchess of Cornwall during the Ceremonial Welcome at Buckingham Palace. Photo: US National Archives
  • Mr Trump was criticised for walking ahead of the queen. Getty Images
    Mr Trump was criticised for walking ahead of the queen. Getty Images
  • The queen stands with Mr Trump and his wife Melania Trump as they listen to the US national anthem during a welcome ceremony at Buckingham Palace. AFP
    The queen stands with Mr Trump and his wife Melania Trump as they listen to the US national anthem during a welcome ceremony at Buckingham Palace. AFP
  • The queen with Mr Trump as he arrived in Britain for a state visit, which was overshadowed by his outspoken remarks on Brexit. AFP
    The queen with Mr Trump as he arrived in Britain for a state visit, which was overshadowed by his outspoken remarks on Brexit. AFP
  • Bill Clinton, the US president at the time, talks with the queen with Hillary Rodham Clinton and daughter Chelsea at the Garden Entrance of Buckingham Palace in December 2000. AFP
    Bill Clinton, the US president at the time, talks with the queen with Hillary Rodham Clinton and daughter Chelsea at the Garden Entrance of Buckingham Palace in December 2000. AFP
  • The queen, George W Bush, the US president at the time, Laura Bush, and the Duke of Edinburgh pose in the music room at Buckingham Palace in November 2003. Getty Images
    The queen, George W Bush, the US president at the time, Laura Bush, and the Duke of Edinburgh pose in the music room at Buckingham Palace in November 2003. Getty Images
  • The queen made a state visit to the US White House and was received by then-president George HW Bush and his wife Barbara Bush, along with Prince Philip, in May 1991. Getty Images
    The queen made a state visit to the US White House and was received by then-president George HW Bush and his wife Barbara Bush, along with Prince Philip, in May 1991. Getty Images
  • The queen and former US president George W Bush meet well-wishers outside the White House in May 2007. Getty Images
    The queen and former US president George W Bush meet well-wishers outside the White House in May 2007. Getty Images
  • The queen accompanying Mr Bush, his wife Laura, then-US secretary of state Colin Powell and his wife Alma Powell, and the Duke of Edinburgh as they enter the Queen's Gallery at Buckingham Palace in 2003. AP
    The queen accompanying Mr Bush, his wife Laura, then-US secretary of state Colin Powell and his wife Alma Powell, and the Duke of Edinburgh as they enter the Queen's Gallery at Buckingham Palace in 2003. AP
  • The elder Bush and his wife arrive on May 16, 1991, at a dinner at the British embassy in Washington accompanied by the queen and her husband. AFP
    The elder Bush and his wife arrive on May 16, 1991, at a dinner at the British embassy in Washington accompanied by the queen and her husband. AFP
  • Queen Margrethe of Denmark, Prince Philip, the queen, former French president Jacques Chirac, Bernadette Chirac, George W Bush, Ms Bush and Russian President Vladimir Putin attend the commemoration ceremony for the 60th anniversary of D-Day on June 6, 2004, in Arromanches, France. Getty Images
    Queen Margrethe of Denmark, Prince Philip, the queen, former French president Jacques Chirac, Bernadette Chirac, George W Bush, Ms Bush and Russian President Vladimir Putin attend the commemoration ceremony for the 60th anniversary of D-Day on June 6, 2004, in Arromanches, France. Getty Images
  • Then-US president Jimmy Carter joins the queen and Prince Philip at Buckingham Palace when he and six other world leaders attended a dinner. Getty Images
    Then-US president Jimmy Carter joins the queen and Prince Philip at Buckingham Palace when he and six other world leaders attended a dinner. Getty Images
  • The queen raises a glass with then-US president Gerald Ford. Photo: US National Archives
    The queen raises a glass with then-US president Gerald Ford. Photo: US National Archives
  • The queen dances with Ford at the White House in Washington. Photo: US National Archives / Ford Library
    The queen dances with Ford at the White House in Washington. Photo: US National Archives / Ford Library
  • Prince Philip, former first lady Jacqueline Kennedy, the queen and US president at the time John Kennedy appear together at Buckingham Palace after a dinner party in 1961. Getty Images
    Prince Philip, former first lady Jacqueline Kennedy, the queen and US president at the time John Kennedy appear together at Buckingham Palace after a dinner party in 1961. Getty Images
  • Queen Elizabeth out riding with then-US president Ronald Reagan at Windsor Park. PA
    Queen Elizabeth out riding with then-US president Ronald Reagan at Windsor Park. PA
  • Queen Elizabeth with the West German chancellor at the time Helmut Kohl, Reagan, and the British prime minister at the time Margaret Thatcher at Buckingham Palace. AP
    Queen Elizabeth with the West German chancellor at the time Helmut Kohl, Reagan, and the British prime minister at the time Margaret Thatcher at Buckingham Palace. AP
  • Reagan and Queen Elizabeth at a gala dinner at Windsor Castle. Getty Images
    Reagan and Queen Elizabeth at a gala dinner at Windsor Castle. Getty Images
  • Queen Elizabeth with UK prime minister at the time Edward Heath and then-US president Richard Nixon and his wife Pat Nixon at Chequers in Buckinghamshire. PA
    Queen Elizabeth with UK prime minister at the time Edward Heath and then-US president Richard Nixon and his wife Pat Nixon at Chequers in Buckinghamshire. PA
  • Queen Elizabeth with Nixon. AP
    Queen Elizabeth with Nixon. AP
  • Queen Elizabeth entertains Nixon during a lunch at Buckingham Palace. Getty Images
    Queen Elizabeth entertains Nixon during a lunch at Buckingham Palace. Getty Images
  • Queen Elizabeth hosting Jimmy Carter, the US president at the time. Photo: US National Archives
    Queen Elizabeth hosting Jimmy Carter, the US president at the time. Photo: US National Archives
  • Carter reportedly kissed the queen's mother on the mouth. Photo: US National Archives
    Carter reportedly kissed the queen's mother on the mouth. Photo: US National Archives
  • The queen and Carter at a state dinner at Buckingham Palace. PA
    The queen and Carter at a state dinner at Buckingham Palace. PA
  • Bill Clinton and Queen Elizabeth smile for the cameras during the group photo session at the Guildhall before a celebratory banquet for the 50th anniversary of D-Day. AFP
    Bill Clinton and Queen Elizabeth smile for the cameras during the group photo session at the Guildhall before a celebratory banquet for the 50th anniversary of D-Day. AFP
  • Clinton and his wife Hillary meet Queen Elizabeth at Buckingham Palace. AFP
    Clinton and his wife Hillary meet Queen Elizabeth at Buckingham Palace. AFP
  • Before she became queen, then-Princess Elizabeth joined President Harry Truman in the chief executive's limousine for her ride to Blair House after arriving at Military Air Transport Service Terminal in Washington. Photo: US National Archives
    Before she became queen, then-Princess Elizabeth joined President Harry Truman in the chief executive's limousine for her ride to Blair House after arriving at Military Air Transport Service Terminal in Washington. Photo: US National Archives
  • Queen Elizabeth with US president Harry S Truman. Photo: US National Archive
    Queen Elizabeth with US president Harry S Truman. Photo: US National Archive

The document said world leaders were urged to travel on commercial flights and told they could not use helicopters to travel around the UK.

The office urged commercial travel “where possible”, Politico said.

“Multiple and comprehensive layers of security will be in place across London and at all the official venues used for the state funeral and associated events,” the document seen by Politico said.

The document also set out some of the engagements for heads of state surrounding the funeral.

Queen Elizabeth's visits to the Mena region - in pictures

  • Queen Elizabeth II arrives in Abu Dhabi during a state visit to the Gulf on February 25, 1979. Getty
    Queen Elizabeth II arrives in Abu Dhabi during a state visit to the Gulf on February 25, 1979. Getty
  • The UAE's Founding Father, Sheikh Zayed bin Sultan Al Nahyan, and the queen arrive for the inauguration of Le Meridien Abu Dhabi in 1979. Photo: Le Meridien Abu Dhabi
    The UAE's Founding Father, Sheikh Zayed bin Sultan Al Nahyan, and the queen arrive for the inauguration of Le Meridien Abu Dhabi in 1979. Photo: Le Meridien Abu Dhabi
  • The queen during her visit to the UAE in 1979. Photo: Ramesh Shukla
    The queen during her visit to the UAE in 1979. Photo: Ramesh Shukla
  • The queen appoints Sheikh Rashid, then Ruler of Dubai, a Knight Grand Cross of the Order of St Michael and St George, during her tour of the Gulf states, in Abu Dhabi in February 1979. Getty
    The queen appoints Sheikh Rashid, then Ruler of Dubai, a Knight Grand Cross of the Order of St Michael and St George, during her tour of the Gulf states, in Abu Dhabi in February 1979. Getty
  • The queen sits with Sheikh Rashid on the Dubai Ruler's new dhow, as they are taken on a sightseeing tour of the emirate on February 26, 1979. AP
    The queen sits with Sheikh Rashid on the Dubai Ruler's new dhow, as they are taken on a sightseeing tour of the emirate on February 26, 1979. AP
  • The queen, Sheikh Zayed and Prince Philip sit before lunch at the Hilton Hotel in Abu Dhabi, during the UK royals' tour of the Gulf states in February 1979. Getty
    The queen, Sheikh Zayed and Prince Philip sit before lunch at the Hilton Hotel in Abu Dhabi, during the UK royals' tour of the Gulf states in February 1979. Getty
  • Yemeni councillor Sayyid Abubakr bin Shaikh Alkaff kneels before Queen Elizabeth to be knighted during her visit to Aden on April 29, 1954. AFP
    Yemeni councillor Sayyid Abubakr bin Shaikh Alkaff kneels before Queen Elizabeth to be knighted during her visit to Aden on April 29, 1954. AFP
  • The queen with Sheikh Khalifa, who was then the UAE's President, at Mushrif Palace on November 25, 2010 in Abu Dhabi. Getty
    The queen with Sheikh Khalifa, who was then the UAE's President, at Mushrif Palace on November 25, 2010 in Abu Dhabi. Getty
  • The queen was welcomed by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, during her visit to Abu Dhabi in 2010. Getty
    The queen was welcomed by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, during her visit to Abu Dhabi in 2010. Getty
  • The queen and Prince Philip with President Sheikh Mohamed, then Crown Prince of Abu Dhabi, at Abu Dhabi airport on November 24, 2010. Getty
    The queen and Prince Philip with President Sheikh Mohamed, then Crown Prince of Abu Dhabi, at Abu Dhabi airport on November 24, 2010. Getty
  • The queen with the emir of Bahrain at a horse and camel race meeting in 1979. Getty
    The queen with the emir of Bahrain at a horse and camel race meeting in 1979. Getty
  • Queen Elizabeth eats with her hands in the desert with King Hassan during her visit to Morocco on October 27, 1980. Getty
    Queen Elizabeth eats with her hands in the desert with King Hassan during her visit to Morocco on October 27, 1980. Getty
  • The queen attends the races during her visit to Saudi Arabia in February 1979. Getty
    The queen attends the races during her visit to Saudi Arabia in February 1979. Getty
  • King Faisal II of Iraq and the queen leave Victoria Station in London for Buckingham Palace, in July 1956. Getty
    King Faisal II of Iraq and the queen leave Victoria Station in London for Buckingham Palace, in July 1956. Getty
  • The queen in Kuwait during her tour of the Gulf in 1979. Getty
    The queen in Kuwait during her tour of the Gulf in 1979. Getty
  • The queen drives through Tunis with Tunisian President Habib Bourguiba during a state visit in October 1980. Getty
    The queen drives through Tunis with Tunisian President Habib Bourguiba during a state visit in October 1980. Getty
  • The queen walks towards her plane with Sultan Qaboos of Oman, before she and Prince Philip leave Muscat after a five-day state visit to the Gulf region. Getty
    The queen walks towards her plane with Sultan Qaboos of Oman, before she and Prince Philip leave Muscat after a five-day state visit to the Gulf region. Getty
  • The queen walks in Muscat. Getty
    The queen walks in Muscat. Getty
  • The queen and Prince Philip during a visit to Qatar in February 1979. Getty
    The queen and Prince Philip during a visit to Qatar in February 1979. Getty
  • The queen with the Shah Mohammed Reza Pahlevi of Iran during a banquet in Tehran on March 2, 1961. AP
    The queen with the Shah Mohammed Reza Pahlevi of Iran during a banquet in Tehran on March 2, 1961. AP
  • Queen Noor of Jordan, Prince Philip, Queen Elizabeth and King Hussein of Jordan after the British royals' arrival in the country in 1984. Getty
    Queen Noor of Jordan, Prince Philip, Queen Elizabeth and King Hussein of Jordan after the British royals' arrival in the country in 1984. Getty
  • The queen alongside former Algerian President Chadli Bendjedid, inspect a guard of honour on her arrival in Algiers for a three-day state visit in October 1980. Getty
    The queen alongside former Algerian President Chadli Bendjedid, inspect a guard of honour on her arrival in Algiers for a three-day state visit in October 1980. Getty
  • The queen and Prince Philip with King Idris of Libya at the Royal Palace in Tobruk in May 1954. AP
    The queen and Prince Philip with King Idris of Libya at the Royal Palace in Tobruk in May 1954. AP

This includes receptions hosted by the king and the new Foreign Secretary James Cleverly, an offer to visit the queen's body when it is lying in state, and a chance to sign a book of condolence at Lancaster House.

It reported that foreign leaders will be invited to deliver a tribute to the queen while at Lancaster House, but it can only last up to three minutes.

And “because of the extensive ceremonial programme related to the state funeral and the logistical challenges, requests for bilaterals will not be considered on this occasion", the leaked document said.

The office has been approached for comment.

Company Profile
Company name: OneOrder

Started: October 2021

Founders: Tamer Amer and Karim Maurice

Based: Cairo, Egypt

Industry: technology, logistics

Investors: A15 and self-funded 

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8 UAE companies helping families reduce their carbon footprint

Greenheart Organic Farms 

This Dubai company was one of the country’s first organic farms, set up in 2012, and it now delivers a wide array of fruits and vegetables grown regionally or in the UAE, as well as other grocery items, to both Dubai and Abu Dhabi doorsteps.

www.greenheartuae.com

Modibodi  

Founded in Australia, Modibodi is now in the UAE with waste-free, reusable underwear that eliminates the litter created by a woman’s monthly cycle, which adds up to approximately 136kgs of sanitary waste over a lifetime.

www.modibodi.ae

The Good Karma Co

From brushes made of plant fibres to eco-friendly storage solutions, this company has planet-friendly alternatives to almost everything we need, including tin foil and toothbrushes. 

www.instagram.com/thegoodkarmaco

Re:told

One Dubai boutique, Re:told, is taking second-hand garments and selling them on at a fraction of the price, helping to cut back on the hundreds of thousands of tonnes of clothes thrown into landfills each year.

www.shopretold.com

Lush

Lush provides products such as shampoo and conditioner as package-free bars with reusable tins to store. 

www.mena.lush.com

Bubble Bro 

Offering filtered, still and sparkling water on tap, Bubble Bro is attempting to ensure we don’t produce plastic or glass waste. Founded in 2017 by Adel Abu-Aysha, the company is on track to exceeding its target of saving one million bottles by the end of the year.

www.bubble-bro.com

Coethical 

This company offers refillable, eco-friendly home cleaning and hygiene products that are all biodegradable, free of chemicals and certifiably not tested on animals.

www.instagram.com/coethical

Eggs & Soldiers

This bricks-and-mortar shop and e-store, founded by a Dubai mum-of-four, is the place to go for all manner of family products – from reusable cloth diapers to organic skincare and sustainable toys.

www.eggsnsoldiers.com

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Juliot Vinolia’s checklist for adopting alternate-day fasting

-      Don’t do it more than once in three days

-      Don’t go under 700 calories on fasting days

-      Ensure there is sufficient water intake, as the body can go in dehydration mode

-      Ensure there is enough roughage (fibre) in the food on fasting days as well

-      Do not binge on processed or fatty foods on non-fasting days

-      Complement fasting with plant-based foods, fruits, vegetables, seafood. Cut out processed meats and processed carbohydrates

-      Manage your sleep

-      People with existing gastric or mental health issues should avoid fasting

-      Do not fast for prolonged periods without supervision by a qualified expert

Match info

Premier League

Manchester United 2 (Martial 30', Lingard 69')
Arsenal 2 (Mustafi 26', Rojo 68' OG)

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

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Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

What is Diwali?

The Hindu festival is at once a celebration of the autumn harvest and the triumph of good over evil, as outlined in the Ramayana.

According to the Sanskrit epic, penned by the sage Valmiki, Diwali marks the time that the exiled king Rama – a mortal with superhuman powers – returned home to the city of Ayodhya with his wife Sita and brother Lakshman, after vanquishing the 10-headed demon Ravana and conquering his kingdom of Lanka. The people of Ayodhya are believed to have lit thousands of earthen lamps to illuminate the city and to guide the royal family home.

In its current iteration, Diwali is celebrated with a puja to welcome the goodness of prosperity Lakshmi (an incarnation of Sita) into the home, which is decorated with diyas (oil lamps) or fairy lights and rangoli designs with coloured powder. Fireworks light up the sky in some parts of the word, and sweetmeats are made (or bought) by most households. It is customary to get new clothes stitched, and visit friends and family to exchange gifts and greetings.  

 

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Favourite book: ‘The Art of Learning’ by Josh Waitzkin

Favourite film: Marvel movies

Favourite parkour spot in Dubai: Residence towers in Jumeirah Beach Residence

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: September 12, 2022, 5:23 AM