The scenery is bizarre along recession's magic road



I've cracked it. I live on a magic road. The strangest stretch of concrete in the UAE, where only strange things happen and even stranger people wander the streets. The most bizarre encounter of them all came last week when I noticed a small, rotund middle-aged Indian man loitering outside my apartment building fiddling with a pair of car keys. He seemed friendly enough, but then again this road is different, and you can easily fall prey to its trickery at any second.

As I strolled past him he smiled and muttered a barely audible question in my direction. Was he too embarrassed, or was the road somehow manipulating his vocal chords to fool unsuspecting passers-by? It was difficult to tell. "Excuse me?" he said as the road rapidly took control of his voice. "I have just purchased this Lexus and am not sure how to start it. Could you help me start it, please?" he said in a tone not dissimilar to Cher when she ridiculously decided to try to refresh her fading career by running her lyrics through a voice changer.

The road was in control and there was nothing he nor I could do. I stood there thinking about what he had just said, more dumbfounded than a goldfish living in the world's smallest glass bowl. He had just uttered one of the most ludicrous lines in human history and one of the craziest excuses I had ever heard. This man was the criminal equivalent of former ski jumper Eddie "the Eagle" Edwards, famously known as one of Olympic history's worst performing sportsmen. The problem was this guy would probably have no issues with launching himself off a death-defying icy slope with only one ski and no safety helmet.

After five minutes of being frozen to the spot, I politely mumbled my excuses and left the scene. Believe it or not, later that day another man accosted me. This time, however, he demanded I hand over Dh50. He wasn't trying to mug me, he simply said that he had no money and had not eaten anything for the past two days. Now I come from London, where tramps ooze odours deadlier than a blue cheese-wrapped skunk and vagrants have as much fashion sense as a pony-tailed early 1980s rock star being woken up at 6am following a wild night in Las Vegas. But this chancer appeared well-off, wearing a suit with a perfectly pressed shirt, a tie and spotless black brogues - his attire was more expensive than the garments I had on at the time.

The road had claimed another victim. But was there more to why all these sad sights were happening? Let's face it, these desperate times we're living in call for desperate measures. The worst example took place last week, when a temporary Wal-Mart employee was trampled to death by a mass of bargain-hunting consumers barging into a store near New York in the early hours of the morning. The early days of recessionary apocalypse have arrived, panic is ensuing and people are doing anything they can to spend less and save more. They are having it so bad these days that when you offer them even the slightest glimpse of a sale they transform into slobbering financial crisis-style zombies, losing the plot completely and acting in ways they have never acted before.

Things are starting to look pretty grim out there for those that have formed the spine of global economies for so long. But now even the Middle East's mid-incomers are suffering. Loans and mortgages are harder to find than a camel in a sand storm, cash is as a liquid as a pint of dirt in Death Valley and firings are now becoming more common than seeing a cavalcade of Toyota Pajeros on the Sheikh Zayed motorway. Over a thousand people in property and banking have lost their jobs in Dubai in the last two weeks alone, and slowdown will certainly claim more casualties in the coming months.

Expect more roads across the land to become like mine, where previously wealthy men make increasingly bizarre requests, birds fly backwards and the guard standing in front of your apartment building sounds more and more like the dwarf from the final episode of Twin Peaks. Batten down the hatches, we could be in for a rough ride. jbennett@thenational.ae

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

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
AIDA%20RETURNS
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UK%20-%20UAE%20Trade
%3Cp%3ETotal%20trade%20in%20goods%20and%20services%20(exports%20plus%20imports)%20between%20the%20UK%20and%20the%20UAE%20in%202022%20was%20%C2%A321.6%20billion%20(Dh98%20billion).%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3C%2Fp%3E%0A%3Cp%3EThis%20is%20an%20increase%20of%2063.0%20per%20cent%20or%20%C2%A38.3%20billion%20in%20current%20prices%20from%20the%20four%20quarters%20to%20the%20end%20of%202021.%3C%2Fp%3E%0A%3Cp%3E%C2%A0%3C%2Fp%3E%0A%3Cp%3EThe%20UAE%20was%20the%20UK%E2%80%99s%2019th%20largest%20trading%20partner%20in%20the%20four%20quarters%20to%20the%20end%20of%20Q4%202022%20accounting%20for%201.3%20per%20cent%20of%20total%20UK%20trade.%3C%2Fp%3E%0A
The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Scoreline

Ireland 16 (Tries: Stockdale Cons: Sexton Pens: Sexton 3)

New Zealand 9 (Pens: Barrett 2 Drop Goal: Barrett)

The bio:

Favourite holiday destination: I really enjoyed Sri Lanka and Vietnam but my dream destination is the Maldives.

Favourite food: My mum’s Chinese cooking.

Favourite film: Robocop, followed by The Terminator.

Hobbies: Off-roading, scuba diving, playing squash and going to the gym.

 

 

 

 

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now

What is Genes in Space?

Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.

It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration. 

Fixtures

Wednesday

4.15pm: Japan v Spain (Group A)

5.30pm: UAE v Italy (Group A)

6.45pm: Russia v Mexico (Group B)

8pm: Iran v Egypt (Group B)

'Will%20of%20the%20People'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EMuse%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EWarner%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202.5%2F5%3C%2Fp%3E%0A
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
Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5


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