Perfect relations: a rogue trading with a toy primate



You know how it is when you get back to work after a break of a few weeks. Someone has stolen your recently acquired orthopaedic office chair and substituted some dubiously stained old clunker on its last legs; your computer screen appears to have been touched repeatedly by someone who likes to eat greasy food with their fingers and is incapable of reading without touching the words as they do so; a toy monkey has destroyed your carefully constructed investment strategy...

That chap Rupert Wright, who stood in for me while I was away, had seemed like a steady, reliable sort. Reasonable accent, decent manners, patrician bearing, a touch curt with the help ... everything one might expect, in other words, from the product of a minor English public school. But it turns out I left Outsider Trading in the hands of the Nick Leeson of The National - a rogue trader hell-bent on the destruction of my portfolio. Out went BP, which I had picked up from the floor of the Gulf of Mexico and had been carefully nurturing as a long-term prospect, and in came ... well, virtually everything else.

I returned to work to find myself the surprised owner of no fewer than 13 shares, plucked at random from the FTSE 100. Worse, by way of a jape, Wright had relied on his child's toy ape to make his stock picks (and yes, thank you, I'm aware that monkeys aren't apes but are you really anticipating taxonomic precision from a columnist whose very raison d'etre is amateurish incompetence?). The joke, however, is on the cad and his stuffed sidekick, as my primate-enhanced portfolio has never looked healthier. Goodbye substantial and humiliating losses; hello impressive gains. Upon my return from the UK, I discovered that the imaginary £15,000 (Dh87,245) I invested in the stock market six weeks ago had become £15,661.40 - a rise of 4.41 per cent, which, in these tough times, is more than enough to make the eyeballs of fund managers in the real world bleed with envy.

For the second week running, only one of the mischievous monkey's 13 picks had failed to flourish (and who can wonder with a company name that sounds less like a respected purveyor of leading medical brands and more like a small-town stock-car racer known for his aggressive driving technique? "And back on the grid after his near-fatal shunt at Darlington Raceway, please give a big Daytona Beach welcome, ladies and gentlemen, to ... Reckitt Benckiser!").

At this rate, I figured, I stood a chance of ending the third quarter up against the FTSE. The trick, clearly, would be to do nothing; just hang out, peel a banana and see just how high the chimp's choices might climb (oh, spare me the Darwinian nitpicking). But then I hit a snag - or, rather, a dilemma, and one born out of the curious process of cultural assimilation. The regular reader (hi, mum) will know that I wrestled with the moral quandary of exploiting the misfortune caused by the blowout of BP's well, but then went ahead and did it anyway. Money and morality, I concluded glibly, don't mix - not even in the unreal world of make-believe investment.

This, however, the product of monkey business, was something different. Scanning Herr Nilsson's financially astute selections, I found my eye drawn to one stock with a sense of disquiet. Now, I know this is supposed to be a lightly amusing read, so forgive this insertion of a slightly heavy counterpoint, but … "Diageo?" I found myself thinking. "The drinks company? Can that be right?" This is the first time I have lived in an Islamic country. I have been here now for more than two years and in that time customs and cultural nuances that at first seemed strange or exotic have, for me, almost imperceptibly, become the norm. And vice versa. During the three weeks I have just spent in the UK, I discovered the extent to which the gradual process of cultural osmosis has adjusted my attitudes and social expectations, attuning them to Islamic sensibilities.

I spent some of my break in Cambridge, picnicking on the banks of the languid Cam and, guided by bitter experience, eschewing the ritual humiliation of punting. Now, England's second-oldest seat of learning is hardly Soddom, or even Gomorrah, but I found my eyebrows constantly dancing to the twin beats of surprise and disapproval at the constant displays of what here in the UAE would be deemed as immodest dress and inappropriate behaviour.

And now, the Diageo dilemma. I have no idea whether a Muslim investor would regard taking an interest in a company such as Diageo to be acceptable, or Sharia-compliant. But what I do know is that, in a Muslim country preparing for the imminent celebration of Ramadan, it just didn't feel right. I'm aware that this sounds bogusly pious, even holier than thou. I am also aware that it is easy to take the moral high ground when there is no actual money at stake (nor, indeed, any actual ground). Nevertheless, I have sold all 89 Diageo shares, and for a self-satisfying loss, to boot.

For an entirely symbolic act, it feels surprisingly good. It's the sort of thing we humans are good at. It's what separates us from the apes. Monkeys. Whatever. @Email:jgornall@thenational.ae

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Developer: Ubisoft Montreal / Ubisoft Toronto
Publisher: Ubisoft
Platforms: Playstation 4, Xbox One, Windows
​​​​​​​Release Date: April 10

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

THE SPECS

Engine: 1.5-litre, four-cylinder turbo

Transmission: seven-speed dual clutch automatic

Power: 169bhp

Torque: 250Nm

Price: Dh54,500

On sale: now

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

Company%20Profile
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The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5

Fire and Fury
By Michael Wolff,
Henry Holt

How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register. 

4) The campaign uses the hashtag  #donate_hope

Company%20Profile
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Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

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COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

Veil (Object Lessons)
Rafia Zakaria
​​​​​​​Bloomsbury Academic

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid


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