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
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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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
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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
COMPANY%20PROFILE%20
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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